{"summary":{"version":"summary-v1","lines":[{"dimension":"build","label":"Build","tag":"UNKNOWN","text":"Not measured — activity not measurable: HEY has a ship on record (last ship on 2026-09-14) but no repository, changelog or feed it can keep reading, so no count here is a measured zero.","evidence":[],"basis":"not_held","detailUrl":"https://heyresearch.xyz/api/projects/meridian-baabcb/timeline","freshness":"unknown","reason":"no_builder_source","answer":"Not measured — activity not measurable","significance":{"text":"The first contract deployment HEY has recorded for this project.","about":"ship:74d22e71-1553-4fc4-860f-1a253319abb9","receiptUrl":"https://heyresearch.xyz/api/evidence/ship%3A74d22e71-1553-4fc4-860f-1a253319abb9"}},{"dimension":"usage","label":"Product usage","tag":"UNKNOWN","text":"The project has a contract, but HEY does not count its calls yet: a token joins the watch once it takes calls in a thirty-day window, and any contract the project’s own sources name is watched. Unknown, not zero.","evidence":[],"basis":"not_held","detailUrl":"https://heyresearch.xyz/api/projects/meridian-baabcb/usage","freshness":"unknown","reason":"contract_not_in_method_watch"},{"dimension":"market","label":"Market","tag":"DERIVED","text":"Trading inactive: HEY holds a valuation and does not publish it while the market is not live.","evidence":[],"basis":"rule_output","detailUrl":"https://heyresearch.xyz/api/projects/meridian-baabcb/market","observedAt":"2026-11-15T18:11:17.177Z","freshness":"fresh","reason":"launch_pool_no_trades"},{"dimension":"contract","label":"Contracts","tag":"FACT","text":"1 contract on record for code changes, 1 with published source code; latest change on 2026-09-14: Deployed a new contract: X402ProxyFacilitatorV7.","evidence":[{"id":"ship:74d22e71-1553-4fc4-860f-1a253319abb9","label":"Explorer","url":"https://robinhoodchain.blockscout.com/address/0x2a278d6a9a10e6d48677883a353f94199830ddbf","receiptUrl":"https://heyresearch.xyz/api/evidence/ship%3A74d22e71-1553-4fc4-860f-1a253319abb9"}],"basis":"registry_record","detailUrl":"https://heyresearch.xyz/api/projects/meridian-baabcb/contracts","observedAt":"2026-11-15T05:05:44.534Z","freshness":"fresh"},{"dimension":"latestChange","label":"Latest change","tag":"FACT","text":"Today: Verified contract source: MeridianOFT.","evidence":[{"id":"ship:11a52702-0d2c-4e39-8731-fb713be7eee1","label":"Explorer","url":"https://robinhoodchain.blockscout.com/address/0xbaabcb1800c539a58a46035d3982403a37fd6d5d?tab=contract","receiptUrl":"https://heyresearch.xyz/api/evidence/ship%3A11a52702-0d2c-4e39-8731-fb713be7eee1"}],"basis":"evidence_record","detailUrl":"https://heyresearch.xyz/api/changes?project=meridian-baabcb","observedAt":"2026-11-15T05:05:48.721Z","freshness":"fresh","change":{"version":"change-explain-v1","eventId":"ship:11a52702-0d2c-4e39-8731-fb713be7eee1","type":"contract.deployed","evidenceId":"ship:11a52702-0d2c-4e39-8731-fb713be7eee1","what":"Verified contract source: MeridianOFT","headline":"Contract source verification, read from the explorer · not a deployment","capability":{"named":null,"basis":"not_held","text":"The source the explorer publishes names no capability."},"stage":{"observed":"source_verification","basis":"ship_type","notObserved":[],"text":"The explorer shows the contract’s source as verified (or no longer verified). This is not a deployment."},"reportedBy":{"kind":"explorer_record","text":"Read from the explorer."},"corroboration":{"state":"corroborated","by":[{"kind":"explorer_record","evidenceId":"ship:11a52702-0d2c-4e39-8731-fb713be7eee1"}],"text":"Independently recorded: HEY read it from the explorer, not from the team."},"releaseDeployment":{"state":"not_applicable","contracts":[],"evidence":[],"text":"Not a release or a deployment."},"activity":{"ownFunctionCalls":null,"tokenStandardCalls":null,"success":"not_measured","state":"NOT_WATCHED","scope":"contract","contract":{"chainId":4663,"address":"0xbaabcb1800c539a58a46035d3982403a37fd6d5d","role":"token","shared":false},"window":null,"text":"HEY does not count calls to 0xbaab…6d5d (the project’s token) for this project. Its activity is not measured, not zero.","aroundUrl":"https://heyresearch.xyz/api/projects/meridian-baabcb/around/ship%3A11a52702-0d2c-4e39-8731-fb713be7eee1"},"time":{"occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-11-15T05:05:48.721Z","recordedAt":"2026-11-15T05:15:11.438Z","origin":"live","basis":"observed_by_hey","lateIndexed":false,"text":"No source dates it: HEY first saw it on 2026-11-15."},"standing":{"state":"standing","withdrawnEvidence":[]},"evidence":[{"id":"ship:11a52702-0d2c-4e39-8731-fb713be7eee1","receiptUrl":"https://heyresearch.xyz/api/evidence/ship%3A11a52702-0d2c-4e39-8731-fb713be7eee1"}],"unknowns":[{"code":"capability_not_named","text":"No source HEY holds names what this change does."},{"code":"occurred_at_unknown","text":"No source dates it; when it happened is not known."},{"code":"activity_not_measured","text":"HEY does not count calls to 0xbaab…6d5d (the project’s token) for this project. Its activity is not measured, not zero."}],"limit":"A contract record says what the chain shows about a contract. It is not a safety check, and it does not say who runs the contract.","explainUrl":"https://heyresearch.xyz/api/projects/meridian-baabcb/explain?fact=build.change&event=ship%3A11a52702-0d2c-4e39-8731-fb713be7eee1"}},{"dimension":"unknown","label":"Not yet known","tag":"UNKNOWN","text":"7 gaps: Building activity (no source), Repositories (no source), Releases (no source), +4 more. No repository, changelog or feed to read.","evidence":[],"basis":"coverage_state","detailUrl":"https://heyresearch.xyz/api/projects/meridian-baabcb/coverage","freshness":"unknown","reason":"no_builder_source"}],"computedAt":"2026-11-15T19:00:51.303Z"},"identity":{"slug":"meridian-baabcb","name":"Meridian","symbol":"mrdn","projectKind":"UTILITY","researchLevel":"RESEARCHED","catalogStatus":"QUALIFIED","chainEvidence":true,"integrationRecord":false,"primaryNarrative":{"slug":"ai","name":"AI"},"token":{"chainId":4663,"contractAddress":"0xbaabcb1800c539a58a46035d3982403a37fd6d5d"},"websiteUrl":"https://mrdn.finance/","officialX":{"handle":"mrdn_finance","url":"https://x.com/mrdn_finance","status":null,"statusReason":"not_read","checkedAt":null,"linkHeld":null,"corroboration":null,"corroborationCheckedAt":null,"foundByHey":false},"firstRecordedByHeyAt":"2026-09-02T19:50:10.691Z","url":"https://heyresearch.xyz/project/meridian-baabcb"},"build":{"activityStatus":"UNKNOWN","activityMeasured":false,"lastShippedAt":"2026-09-14T13:12:53.000Z","stillBuilding":false,"stillBuildingState":"NOT_MEASURED","stillBuildingWithheld":"market_not_live","discoveryGapWithheld":"market_not_live","underTheRadar":{"state":"NOT_MEASURED","reason":"market_not_live","explainUrl":"https://heyresearch.xyz/api/projects/meridian-baabcb/explain?fact=discovery_gap"},"velocity":{"state":"NOT_MEASURED","current":null,"previous":null,"windowDays":30},"cadence":{"state":"INSUFFICIENT_RELEASES"},"hasBuilderSource":false,"builderSourcesUnavailable":null},"market":{"valuationWithheld":"launch_pool_no_trades","liquidity":{"usd":35531.1487,"source":"geckoterminal","observedAt":"2026-11-15T04:55:14.904Z","kind":"launch_inventory"},"volume24h":{"usd":85.23,"source":"coingecko","observedAt":"2026-11-15T18:11:17.177Z"},"tokenMarket":{"status":"TRADING_INACTIVE","reason":"launch_pool_no_trades","label":"Trading 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audit shows an audit took place; it is not a guarantee of 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