Maverick Protocol (MAV)
Concentrated liquidity AMM with directional LP. Gas-efficient automated LP strategies.
Ranked 63rd of 251 rated tokens. Scoring pass 18 Sept 2026.
What the numbers say
MAV scores 121 of 250 across the 25-variable framework, which places it 63rd of 251 rated tokens and inside the top quartile of the set. The framework verdict is CAUTIOUS HOLD.
The score rests on Revenue Trend 6/10, 15th of 251, TVL Trend 6/10, 19th of 251, P/S Multiple 6/10, 23rd of 251 and Team Execution 6/10, 30th of 251.
Only 58.6% of MAV's maximum supply is in circulation, so 1.71x the current float is still scheduled to arrive. Holding price per token flat while the rest enters circulation implies 41.4% of the fully diluted value sitting ahead of today's holders. That is a real but manageable overhang.
MAV trades 98.6% below its all-time high of $0.8047. Recovering that level is a 71.4x move, not a 98.6% one, which is the arithmetic most drawdown charts hide.
The framework score gained 121 points against the previous pass (0 to 121). Revisions of this size follow a change in the underlying variables, not a change in price.
MAV clears 7 of 10 on none of the 25 variables. Its best three are Revenue Trend at 6, TVL Trend at 6, P/S Multiple at 6. The market prices none of those, so there is nothing here it is failing to notice either. This is a low score on things nobody is bidding for. It is weak on Institutional Adoption, which the market does price, so that damage is already done and visible in the valuation.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 5 | 37th of 251 | |
| Revenue Trend | 6 | 15th of 251 | |
| P/S Multiple | 6 | 23rd of 251 | |
| Real Staking Yield | 4 | 82nd of 251 |
Supply
| Supply Inflation | 5 | 61st of 251 | |
| Vesting Schedule | 5 | 100th of 251 | |
| Circulating / FDV Ratio | 5 | 135th of 251 | |
| Buyback and Burn | 3 | 63rd of 251 |
Ownership
| Smart Money Flows | 5 | 48th of 251 | |
| Insider Selling | 5 | 42nd of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 6 | 19th of 251 | |
| Active Users | 5 | 38th of 251 | |
| Developer Activity | 6 | 33rd of 251 | |
| Network Growth | 5 | 52nd of 251 |
Position
| Market Share | 4 | 87th of 251 | |
| Competitive Moat | 5 | 57th of 251 | |
| Institutional Adoption | 3 | 115th of 251 | |
| Exchange Depth | 5 | 73rd of 251 | |
| Social Mindshare | 4 | 86th of 251 |
Risk
| Regulatory Safety | 5 | 102nd of 251 | |
| Catalyst Calendar | 5 | 50th of 251 | |
| BTC Alpha Potential | 4 | 45th of 251 | |
| Team Execution | 6 | 30th of 251 | |
| Treasury Runway | 5 | 74th of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Catalyst on the scorecard
Maverick's dynamic fee AMM integration with zkSync Era, boosting daily volume to $50M by May 2025.
The May 2025 item has already passed. This was written as forward-looking at the 18 Sept 2026 scoring pass, so read those parts as history. Anything else listed may still be ahead.
Principal risk
Uniswap v4 hooks on L2s (Arbitrum/Optimism) capture 90% of Maverick's targeted liquidity provision.
Market and supply
| Price | $0.0111 |
| Market cap | $13.1Mrank 1099 |
| All-time high | $0.80472 Mar 2024 |
| Circulating supply | 1,172,717,583 |
| Eventual supply (max supply) | 2,000,000,000 |
| Dilution to full supply | 1.71x |
| Listed on | Binance, Bybit, Uniswap |
Price, market cap, supply and all-time high from CoinGecko, fetched 7 Oct 2026. The 25 scores come from the research pass dated 18 Sept 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to MAV measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
MAV compared head to head
Both sides of each comparison were scored by the same framework in the same pass, so the gap between them is a measurement rather than two readings taken with different rulers.
Common questions
- What is the Early Thunder score for Maverick Protocol (MAV)?
- MAV scores 121 out of 250 on the 25-variable framework, ranking 63rd of 251 rated tokens (top quartile). The framework verdict is CAUTIOUS HOLD.
- What are MAV's strongest fundamentals?
- MAV ranks highest on Revenue Trend 6/10, 15th of 251, TVL Trend 6/10, 19th of 251, P/S Multiple 6/10, 23rd of 251 and Team Execution 6/10, 30th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- How much MAV supply is still to enter circulation?
- 58.6% of eventual MAV supply is circulating today, leaving 1.71x the current float still to arrive. At a flat price per token that is 41.4% of fully diluted value ahead of current holders.
- How far is MAV from its all-time high?
- MAV trades 98.6% below its all-time high of $0.8047. Returning to that high requires a 71.4x move from the level used in this scoring pass.
- Which tokens have a similar profile to MAV?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to MAV are VRTX (121), ORCA (123), ATH (101) and MNDE (119). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What catalyst was MAV scored against?
- Maverick's dynamic fee AMM integration with zkSync Era, boosting daily volume to $50M by May 2025. This was written as forward-looking when the scoring pass ran. The May 2025 item has since passed, so read that part as history. Anything else listed may still be ahead.
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.