{"summary":{"version":"summary-v1","lines":[{"dimension":"build","label":"Build","tag":"UNKNOWN","text":"No builder source linked: HEY holds no repository, changelog or feed it can read, so no count here is a measured zero.","evidence":[],"basis":"not_held","detailUrl":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/timeline","freshness":"unknown","reason":"no_builder_source","answer":"No builder source linked"},{"dimension":"usage","label":"Product usage","tag":"FACT","text":"No contract is recorded for this project, so there is no on-chain usage to count.","evidence":[],"basis":"coverage_state","detailUrl":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/usage","freshness":"not_applicable","reason":"no_contract"},{"dimension":"market","label":"Market","tag":"FACT","text":"No token recorded: this is a project, not a token.","evidence":[],"basis":"registry_record","detailUrl":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/market","freshness":"not_applicable","reason":"no_token"},{"dimension":"fundamentals","label":"Fundamentals","tag":"FACT","text":"Raphael Exchange AMM: TVL $84.7K · fees 24h $3 · revenue 24h $3 (DefiLlama, 2026-10-23, stale). Registry context, not a measure of building.","evidence":[],"basis":"canonical_read","detailUrl":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/snapshot","observedAt":"2026-10-23T00:00:00.000Z","freshness":"stale"},{"dimension":"latestChange","label":"Latest change","tag":"FACT","text":"No builder change recorded since HEY began its change record; market and usage changes are listed under What changed.","evidence":[],"basis":"ledger_count","detailUrl":"https://heyresearch.xyz/api/changes?project=raphael-exchange-amm","freshness":"fresh"},{"dimension":"unknown","label":"Not yet known","tag":"UNKNOWN","text":"8 gaps: Building activity (no source), Repositories (no source), Releases (no source), +5 more. No repository, changelog or feed to read.","evidence":[],"basis":"coverage_state","detailUrl":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/coverage","freshness":"unknown","reason":"no_builder_source"}],"computedAt":"2026-10-27T06:23:58.747Z"},"identity":{"slug":"raphael-exchange-amm","name":"Raphael Exchange AMM","projectKind":"OTHER","researchLevel":"RESEARCHED","catalogStatus":"QUALIFIED","primaryNarrative":{"slug":"dex","name":"DEX"},"websiteUrl":"https://www.raphael.exchange/","officialX":{"handle":"raphaelexchange","url":"https://x.com/raphaelexchange","status":"ACTIVE","checkedAt":"2026-10-27T02:21:20.712Z","linkHeld":null,"corroboration":"mutual_site_link","corroborationCheckedAt":"2026-10-27T02:21:20.712Z","foundByHey":false},"firstRecordedByHeyAt":"2026-09-12T00:08:25.515Z","externalListedAt":"2026-09-01T20:37:21.000Z","externalListedSource":"defillama","url":"https://heyresearch.xyz/project/raphael-exchange-amm"},"build":{"activityStatus":"UNKNOWN","activityMeasured":false,"stillBuilding":false,"stillBuildingState":"NOT_MEASURED","stillBuildingWithheld":"no_token","discoveryGapWithheld":"no_token","underTheRadar":{"state":"NOT_MEASURED","reason":"no_token","explainUrl":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/explain?fact=discovery_gap"},"velocity":{"state":"NOT_MEASURED","current":null,"previous":null,"windowDays":30},"cadence":{"state":"INSUFFICIENT_RELEASES"},"hasBuilderSource":false},"protocolEconomics":{"protocols":[{"protocol":"raphael-exchange-amm","protocolName":"Raphael Exchange AMM","category":"Dexs","tvlUsd":84700.842291,"tvlDay":"2026-10-23","matchedBy":"listing","fees24h":{"state":"MEASURED","valueUsd":3.07},"revenue24h":{"state":"MEASURED","valueUsd":2.66},"dexVolume24h":{"state":"MEASURED","valueUsd":1025},"economicsDay":"2026-10-23","auditLinks":[],"methodologyUrl":"https://github.com/DefiLlama/DefiLlama-Adapters/blob/main/registries/uniswapV2.js","parentProtocol":"raphael-exchange"}],"source":"defillama","contextOnly":true},"developerFootprint":{"repositories":{"state":"NO_SOURCE","reason":"no_repository","official":0,"metadataRead":0},"productionDeployment":{"state":"NOT_APPLICABLE"},"packages":{"state":"NO_SOURCE","reason":"no_repository"},"advisories":{"state":"NOT_APPLICABLE","reason":"no_accepted_package","subject":"PUBLISHED_PACKAGE"},"contextOnly":true,"coverageUrl":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/coverage"},"usage":{"dimension":"usage","state":"NOT_APPLICABLE","reason":"no_contract","source":"decoded_calls","window":{"from":"2026-10-20","to":"2026-10-26","days":7},"watchedContracts":0,"topMethods":[],"names":"WITHHELD","methodEvents":null,"contextOnly":true,"url":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/usage"},"security":{"audits":{"state":"NONE_FOUND","readFrom":["official_site","defillama"],"readAt":"2026-10-24T02:59:03.405Z"},"bugBounty":{"state":"NONE_FOUND","readFrom":["official_site"],"readAt":"2026-10-24T02:59:03.405Z"},"securityTxt":{"state":"NOT_READ","reason":"site_files_not_read_yet"},"advisories":{"state":"NOT_APPLICABLE","reason":"no_accepted_package"},"repositoryChecks":{"state":"NOT_APPLICABLE","reason":"no_official_repository"},"incidents":{"state":"NOT_READ","reason":"no_incident_source_read"},"linksOmitted":0,"meaning":"An 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":"2026-10-27T02:08:11.507Z","freshness":{"state":"CURRENT","asOf":"2026-10-27T02:08:11.507Z","staleAfterHours":36},"cohort":null,"minimums":{"median":8,"percentile":20},"dimensions":[],"methodology":"https://heyresearch.xyz/methodology#peers"},"contracts":{"url":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/contracts"},"verification":{"ownerVerified":false,"submitted":false,"sources":{"total":2,"own":2,"verified":0,"contextOnly":0}},"locks":{"coverage":{"state":"NOT_APPLICABLE","reason":"no_token"}},"integrity":{"state":"NOT_APPLICABLE","reason":"no_token"},"latestChanges":{"available":true,"items":[{"id":"narrative:0aed9150-5721-4c7f-a6d4-d8fdf5562f21:stockfi","revision":2,"op":"upsert","type":"research.narrative_assigned","domain":"research","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-09-12T00:23:53.177Z","recordedAt":"2026-09-30T09:55:03.458Z","summary":"Narrative: StockFi","evidence":[{"id":"narrative:0aed9150-5721-4c7f-a6d4-d8fdf5562f21:stockfi","label":"Narrative","url":"/narrative/stockfi"}],"source":"hey_rules"},{"id":"narrative:0aed9150-5721-4c7f-a6d4-d8fdf5562f21:dex","revision":2,"op":"upsert","type":"research.narrative_assigned","domain":"research","occurredAt":null,"precision":"OBSERVED","detectedAt":"2026-09-12T00:23:53.177Z","recordedAt":"2026-09-30T09:55:03.458Z","summary":"Primary narrative: DEX","evidence":[{"id":"narrative:0aed9150-5721-4c7f-a6d4-d8fdf5562f21:dex","label":"Narrative","url":"/narrative/dex"}],"source":"hey_rules"}],"url":"https://heyresearch.xyz/api/changes?project=raphael-exchange-amm"},"freshness":[{"source":"code","label":"Code","state":"unknown","staleAfterHours":108},{"source":"score","label":"Scores","state":"fresh","observedAt":"2026-10-26T19:13:34.614Z","staleAfterHours":24}],"coverage":{"identity":{"state":"MEASURED","since":"2026-09-12T00:08:25.515Z","asOf":"2026-09-12T00:08:13.114Z","reason":"research_level_researched","detailUrl":"https://heyresearch.xyz/api/projects/raphael-exchange-amm"},"builderEvidence":{"state":"NO_SOURCE","reason":"no_builder_source"},"repositories":{"state":"NO_SOURCE","reason":"no_repository"},"releases":{"state":"NO_SOURCE","reason":"no_builder_source"},"marketCurrent":{"state":"NOT_APPLICABLE","reason":"no_token"},"marketHistory":{"state":"NOT_APPLICABLE","reason":"no_token"},"contractDeployment":{"state":"NOT_APPLICABLE","reason":"no_token"},"contractActivity":{"state":"NOT_APPLICABLE","reason":"no_token"},"contractSource":{"state":"NOT_APPLICABLE","reason":"no_token"},"contractInterface":{"state":"NOT_APPLICABLE","reason":"no_token"},"distribution":{"state":"NOT_APPLICABLE","reason":"no_token"},"locks":{"state":"NOT_APPLICABLE","reason":"no_token"},"marketIntegrity":{"state":"NOT_APPLICABLE","reason":"no_token"},"protocolEconomics":{"state":"STALE","since":"2026-09-26T00:00:00.000Z","asOf":"2026-10-23T00:00:00.000Z","reason":"economics_reading_stale","detailUrl":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/snapshot"},"timeline":{"state":"MEASURED","since":"2026-09-12T00:08:25.515Z","reason":"complete_default_window","detailUrl":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/timeline"},"officialDocs":{"state":"NO_SOURCE","asOf":"2026-10-12T00:44:53.828Z","reason":"no_docs_link_found"},"apiDocs":{"state":"NOT_ENOUGH_YET","reason":"site_files_not_read_yet"},"sourceChanges":{"state":"NOT_ENOUGH_YET","reason":"no_baseline_yet"},"gitHost":{"state":"NOT_APPLICABLE","reason":"no_repository"},"package":{"state":"NO_SOURCE","reason":"no_repository"},"securityContext":{"state":"NOT_APPLICABLE","reason":"no_accepted_package"}},"evidenceSummary":{"sources":{"total":2,"own":2,"verified":0,"contextOnly":0},"meaningfulEvents30d":null,"explainUrl":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/explain"},"links":{"page":"https://heyresearch.xyz/project/raphael-exchange-amm","detail":"https://heyresearch.xyz/api/projects/raphael-exchange-amm","timeline":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/timeline","intelligence":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/intelligence","changes":"https://heyresearch.xyz/api/changes?project=raphael-exchange-amm","coverage":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/coverage","explain":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/explain","contracts":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/contracts","usage":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/usage","relationships":"https://heyresearch.xyz/api/projects/raphael-exchange-amm/relationships"},"asOf":"2026-10-27T06:23:58.747Z","scoringVersion":"hbm-v32","disclaimer":"Public, source-backed activity HEY recorded. Still Building means verified activity through a tracked market drawdown — 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."}