{"summary":{"version":"summary-v1","lines":[{"dimension":"build","label":"Build","tag":"DERIVED","text":"Dormant: 0 counted ships in 30 days; latest ship on 2026-09-08.","evidence":[{"id":"ship:621b4737-dd91-46cf-837d-21f2e3e413a2","label":"GitHub","url":"https://github.com/catch-exchange/catch-contracts","receiptUrl":"https://heyresearch.xyz/api/evidence/ship%3A621b4737-dd91-46cf-837d-21f2e3e413a2"}],"basis":"evidence_record","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange/timeline","observedAt":"2026-09-08T16:29:52.000Z","freshness":"fresh","answer":"Dormant: no ship for 61 days","significance":{"text":"One of a run of ships in the 30 days to it: building continued, not a one-off.","about":"ship:621b4737-dd91-46cf-837d-21f2e3e413a2","receiptUrl":"https://heyresearch.xyz/api/evidence/ship%3A621b4737-dd91-46cf-837d-21f2e3e413a2"}},{"dimension":"usage","label":"Product usage","tag":"FACT","text":"1 of 1 watched contract active · 184 calls in 7 days — all token transfers and approvals (ERC-20), which trading alone produces; none reached another function HEY watches.","evidence":[],"basis":"usage_reading","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange/usage","observedAt":"2026-11-08T01:35:39.296Z","freshness":"fresh"},{"dimension":"market","label":"Market","tag":"DERIVED","text":"Active market: valuation not plausible from the readings HEY has — HEY's own chain readings contradict it more than 10×: the price of the token's decoded on-chain trades, or the liquidity in HEY's chain pool index on a day the reading barely traded — so HEY does not publish it.","evidence":[],"basis":"rule_output","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange/market","observedAt":"2026-11-08T11:28:49.241Z","freshness":"fresh","reason":"chain_evidence_contradicts"},{"dimension":"contract","label":"Contracts","tag":"FACT","text":"2 contracts on record for code changes, 2 with published source code; no implementation or interface change recorded.","evidence":[],"basis":"registry_record","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange/contracts","observedAt":"2026-11-05T03:12:14.543Z","freshness":"fresh"},{"dimension":"fundamentals","label":"Fundamentals","tag":"FACT","text":"Catch Exchange: TVL $2.4K · fees 24h not tracked · revenue 24h not tracked (DefiLlama, 2026-11-08). Registry context, not a measure of building.","evidence":[],"basis":"canonical_read","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange/snapshot","observedAt":"2026-11-08T00:00:00.000Z","freshness":"fresh"},{"dimension":"latestChange","label":"Latest change","tag":"FACT","text":"2 days ago: Links the official site declares changed: 0 added, 1 removed. Removed docs link: catch.exchange/docs/mechanics.","evidence":[{"id":"sourcechange:d3725ae4-9538-465d-b345-08fd77a6d9a2","label":"Official site","url":"https://catch.exchange/","receiptUrl":"https://heyresearch.xyz/api/evidence/sourcechange%3Ad3725ae4-9538-465d-b345-08fd77a6d9a2"}],"basis":"evidence_record","detailUrl":"https://heyresearch.xyz/api/changes?project=catch-exchange","observedAt":"2026-11-06T00:08:53.479Z","freshness":"fresh","change":{"version":"change-explain-v1","eventId":"sourcechange:d3725ae4-9538-465d-b345-08fd77a6d9a2","type":"research.source_changed","evidenceId":"sourcechange:d3725ae4-9538-465d-b345-08fd77a6d9a2","what":"Links the official site declares changed: 0 added, 1 removed. Removed docs link: catch.exchange/docs/mechanics","headline":"Official site change, on the project’s own site · not an implementation HEY has seen","capability":{"named":"Links the official site declares changed: 0 added, 1 removed. Removed docs link: catch.exchange/docs/mechanics","basis":"site_text","text":"Links the official site declares changed: 0 added, 1 removed. Removed docs link: catch.exchange/docs/mechanics."},"stage":{"observed":"site_change","basis":"ledger_type","notObserved":["code","release","deployment"],"text":"A change to what the site says is not an implementation: HEY has not observed code, a release or a deployment for it."},"reportedBy":{"kind":"team_source","text":"On the project’s own site."},"corroboration":{"state":"not_corroborated","by":[],"text":"Reported in the team’s own source. No independent record HEY holds corroborates it."},"releaseDeployment":{"state":"not_applicable","contracts":[],"evidence":[],"text":"Not a release or a deployment."},"activity":{"ownFunctionCalls":null,"tokenStandardCalls":null,"success":"not_measured","state":"NOT_APPLICABLE","scope":"none","window":null,"text":"No contract is tied to this change, so no product activity is attributed to it. Product usage is read on its own."},"time":{"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-06T00:08:53.479Z","recordedAt":"2026-11-06T00:10:03.713Z","origin":"live","basis":"observed_by_hey","lateIndexed":false,"text":"No source dates it: HEY first saw it on 2026-11-06."},"standing":{"state":"standing","withdrawnEvidence":[]},"evidence":[{"id":"sourcechange:d3725ae4-9538-465d-b345-08fd77a6d9a2","receiptUrl":"https://heyresearch.xyz/api/evidence/sourcechange%3Ad3725ae4-9538-465d-b345-08fd77a6d9a2"}],"unknowns":[{"code":"deployment_not_observed","text":"HEY has not observed a deployment of this change."},{"code":"occurred_at_unknown","text":"No source dates it; when it happened is not known."}],"limit":"It says what HEY read in a public source. A source on record does not prove who runs the project.","explainUrl":"https://heyresearch.xyz/api/projects/catch-exchange/explain?fact=build.change&event=sourcechange%3Ad3725ae4-9538-465d-b345-08fd77a6d9a2"}},{"dimension":"unknown","label":"Not yet known","tag":"UNKNOWN","text":"3 gaps: API description (not enough yet), Contract creation (not enough yet), Protocol economics (no source). HEY has not read its website’s published files yet.","evidence":[],"basis":"coverage_state","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange/coverage","freshness":"unknown","reason":"site_files_not_read_yet"}],"computedAt":"2026-11-08T12:01:20.906Z"},"identity":{"slug":"catch-exchange","name":"Catch 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market"},"launchStage":"DEX","promotion":{"entries":[{"kind":"MARKET_PROMOTION_OBSERVED","channel":"token_profile_order","channelLabel":"Enhanced token profile","providerAt":"2026-09-07T21:29:48.902Z","firstObservedAt":"2026-10-18T13:20:42.963Z","lastObservedAt":"2026-11-01T17:25:15.250Z","source":"dexscreener"}],"total":1,"contextOnly":true},"url":"https://heyresearch.xyz/api/projects/catch-exchange/market"},"onchain":{"events24h":11,"eventsDay":"2026-11-07","events7d":63,"events7dDays":7,"events7dFromDay":"2026-11-01","events7dToDay":"2026-11-07","calls24h":22,"daysCovered":7,"daysMeasured":7,"observedAt":"2026-11-08T10:05:37.076Z"},"protocolEconomics":{"protocols":[{"protocol":"catch-exchange","protocolName":"Catch 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audit shows an audit took place; it is not a guarantee of safety.","contextOnly":true},"peerContext":{"rulesVersion":"peers-v2","state":"NO_COHORT","reason":"kind_not_classified","computedAt":"2026-11-08T02:11:34.009Z","freshness":{"state":"CURRENT","asOf":"2026-11-08T02:11:34.009Z","staleAfterHours":36},"cohort":null,"minimums":{"median":8,"percentile":20},"dimensions":[],"methodology":"https://heyresearch.xyz/methodology#peers"},"contracts":{"url":"https://heyresearch.xyz/api/projects/catch-exchange/contracts"},"verification":{"token":{"status":"VERIFIED","reason":"site_names_contract","verifiedAt":"2026-10-14T17:12:41.759Z"},"ownerVerified":false,"submitted":false,"sources":{"total":11,"own":11,"verified":2,"contextOnly":0}},"locks":{"coverage":{"state":"MEASURED","asOf":"2026-11-08T06:42:06.762Z","reason":"hoodlock_only_none_found"}},"integrity":{"state":"MEASURED","reason":"published"},"latestChanges":{"available":true,"items":[{"id":"integrity:20a43b3d-df3c-4a6a-866f-9d3905828353:activity:2026-10-15","revision":1,"op":"upsert","type":"market_integrity.event","domain":"market_integrity","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-08T00:53:23.861Z","recordedAt":"2026-11-08T00:55:03.888Z","summary":"Trading fell from 54 trades a day (the seven days to 2026-10-15) to 4.8 a day in the seven days to 2026-11-08, in HEY's decoded on-chain trades.","summaryCurrent":"Trading was 4.8 trades a day in the seven days to 2026-11-08, down from 54 a day at its peak in the seven days to 2026-10-15 (24 days earlier), in HEY's decoded on-chain trades.","evidence":[{"id":"integrity:20a43b3d-df3c-4a6a-866f-9d3905828353:activity:2026-10-15","label":"HEY market index"}],"source":"hey_market_index"},{"id":"integrity:20a43b3d-df3c-4a6a-866f-9d3905828353:builder_dormant_market_active","revision":1,"op":"upsert","type":"market_integrity.event","domain":"market_integrity","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-07T18:58:37.166Z","recordedAt":"2026-11-07T19:00:02.230Z","summary":"The token keeps trading while HEY has seen no meaningful building for a long time. Token market status: active market. This describes the token market, not whether development has stopped.","evidence":[{"id":"integrity:20a43b3d-df3c-4a6a-866f-9d3905828353:builder_dormant_market_active","label":"HEY market index"}],"source":"hey_market_index"},{"id":"state:d8b23c61-4491-44bf-abcb-2da0ebc04d33:activity_status:44488","revision":1,"op":"upsert","type":"build.dormant","domain":"build","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-07T17:14:05.347Z","recordedAt":"2026-11-07T17:15:00.381Z","summary":"Activity status moved from Quiet to Dormant","evidence":[{"id":"state:d8b23c61-4491-44bf-abcb-2da0ebc04d33:activity_status:44488","label":"HEY state record"}],"source":"hey_state"},{"id":"signal:639548da-7f23-42e8-b367-3ae51e0b4f76","revision":1,"op":"upsert","type":"market.liquidity_moved","domain":"market","occurredAt":"2026-11-07T06:15:29.620Z","precision":"WINDOW","detectedAt":"2026-11-07T06:15:34.408Z","recordedAt":"2026-11-07T06:20:04.763Z","summary":"Liquidity $18K → $48K in a week","evidence":[{"id":"signal:639548da-7f23-42e8-b367-3ae51e0b4f76","label":"HEY Signal"},{"id":"signal:639548da-7f23-42e8-b367-3ae51e0b4f76","label":"Liquidity, day by day","url":"https://heyresearch.xyz/project/catch-exchange/market#history"}],"source":"hey_signal"},{"id":"sourcechange:d3725ae4-9538-465d-b345-08fd77a6d9a2","revision":1,"op":"upsert","type":"research.source_changed","domain":"research","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-06T00:08:53.479Z","recordedAt":"2026-11-06T00:10:03.713Z","summary":"Links the official site declares changed: 0 added, 1 removed. Removed docs link: catch.exchange/docs/mechanics","evidence":[{"id":"sourcechange:d3725ae4-9538-465d-b345-08fd77a6d9a2","label":"Official site","url":"https://catch.exchange/"}],"source":"official_site"}],"url":"https://heyresearch.xyz/api/changes?project=catch-exchange"},"freshness":[{"source":"code","label":"Code","state":"fresh","observedAt":"2026-11-08T00:39:48.776Z","staleAfterHours":108},{"source":"market","label":"Market","state":"fresh","observedAt":"2026-11-08T11:28:49.241Z","staleAfterHours":36},{"source":"contracts","label":"Contracts","state":"fresh","observedAt":"2026-11-05T03:12:14.543Z","staleAfterHours":252},{"source":"locks","label":"Locks","state":"unknown","staleAfterHours":48},{"source":"score","label":"Scores","state":"fresh","observedAt":"2026-11-08T04:54:51.091Z","staleAfterHours":24}],"coverage":{"identity":{"state":"MEASURED","since":"2026-09-24T00:05:32.916Z","asOf":"2026-09-24T00:05:29.631Z","reason":"research_level_verified_builder","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange"},"builderEvidence":{"state":"MEASURED","asOf":"2026-11-08T00:39:48.776Z","reason":"activity_dormant"},"repositories":{"state":"MEASURED","reason":"own_repositories","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange"},"releases":{"state":"MEASURED","since":"2026-09-07T08:12:00.000Z","asOf":"2026-09-08T16:09:03.000Z","reason":"releases_recorded","detailUrl":"https://heyresearch.xyz/api/ships?project=catch-exchange"},"marketCurrent":{"state":"MEASURED","asOf":"2026-11-08T11:28:49.241Z","reason":"market_active_market","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange/market"},"marketHistory":{"state":"MEASURED","since":"2026-09-15T00:00:00.000Z","asOf":"2026-11-08T00:00:00.000Z","reason":"daily_index","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange/market?days=400"},"contractDeployment":{"state":"NOT_ENOUGH_YET","reason":"deployer_not_read_yet"},"contractActivity":{"state":"MEASURED","since":"2026-10-11T00:00:00.000Z","asOf":"2026-11-07T00:00:00.000Z","reason":"events_read","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange/market"},"contractSource":{"state":"MEASURED","asOf":"2026-11-04T20:02:35.527Z","reason":"source_verified_template_token"},"contractInterface":{"state":"MEASURED","asOf":"2026-11-04T20:02:35.527Z","reason":"changes_since_first_read_template_interface","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange/timeline"},"distribution":{"state":"MEASURED","asOf":"2026-11-07T00:00:00.000Z","reason":"mapped","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange/market"},"locks":{"state":"MEASURED","asOf":"2026-11-08T06:42:06.762Z","reason":"hoodlock_only_none_found"},"marketIntegrity":{"state":"MEASURED","reason":"published","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange/market-integrity"},"protocolEconomics":{"state":"NO_SOURCE","since":"2026-09-26T00:00:00.000Z","asOf":"2026-11-08T00:00:00.000Z","reason":"not_tracked_by_registry"},"timeline":{"state":"MEASURED","since":"2026-09-24T00:05:32.916Z","reason":"complete_default_window","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange/timeline"},"officialDocs":{"state":"MEASURED","asOf":"2026-11-06T00:15:28.716Z","reason":"official_docs","detailUrl":"https://heyresearch.xyz/api/projects/catch-exchange"},"apiDocs":{"state":"NOT_ENOUGH_YET","reason":"site_files_not_read_yet"},"sourceChanges":{"state":"MEASURED","since":"2026-10-09T13:20:43.604Z","asOf":"2026-11-06T00:08:53.479Z","reason":"changes_since_first_read"},"gitHost":{"state":"MEASURED","asOf":"2026-11-04T11:00:56.205Z","reason":"repository_metadata_read"},"package":{"state":"MEASURED","asOf":"2026-11-04T11:00:56.205Z","reason":"none_found_in_package_index"},"securityContext":{"state":"NOT_APPLICABLE","reason":"no_accepted_package"}},"evidenceSummary":{"sources":{"total":11,"own":11,"verified":2,"contextOnly":0},"meaningfulEvents30d":0,"explainUrl":"https://heyresearch.xyz/api/projects/catch-exchange/explain"},"links":{"page":"https://heyresearch.xyz/project/catch-exchange","detail":"https://heyresearch.xyz/api/projects/catch-exchange","market":"https://heyresearch.xyz/api/projects/catch-exchange/market","timeline":"https://heyresearch.xyz/api/projects/catch-exchange/timeline","intelligence":"https://heyresearch.xyz/api/projects/catch-exchange/intelligence","changes":"https://heyresearch.xyz/api/changes?project=catch-exchange","coverage":"https://heyresearch.xyz/api/projects/catch-exchange/coverage","explain":"https://heyresearch.xyz/api/projects/catch-exchange/explain","contracts":"https://heyresearch.xyz/api/projects/catch-exchange/contracts","usage":"https://heyresearch.xyz/api/projects/catch-exchange/usage","relationships":"https://heyresearch.xyz/api/projects/catch-exchange/relationships"},"asOf":"2026-11-08T12:01:20.906Z","scoringVersion":"hbm-v32","disclaimer":"Public, source-backed activity HEY recorded. Still Building means counted ships during a market drawdown HEY itself tracked — it is not a prediction, not a ranking by price, and not investment advice. Few projects meet Still Building or Under the Radar at any time; both are strict by design, and list responses carry the counts."}