what's BlackHole?
BlackHole is a decentralized exchange (DEX) protocol built on the Avalanche blockchain, focused on optimizing trading liquidity and fee generation to drive ecosystem growth. It operates by capturing transaction fees and redistributing value through token burns and rewards, creating a self-reinforcing mechanism that incentivizes user participation and long-term holding. The platform has demonstrated rapid adoption by boosting total value locked (TVL) and overall network activity without competing directly against established DEXs, instead expanding the DeFi pie on Avalanche. The native token, $BLACK, powers the protocol's economics, with features like epoch-based rewards and automated burns tied to trading volume. Initially airdropped freely to the community, $BLACK aligns incentives by locking team and foundation tokens, emphasizing sustainable business models over short-term speculation. This design incorporates controlled volatility to engage traders while prioritizing revenue accrual for stakers and liquidity providers. As onchain stablecoin adoption grows, BlackHole positions itself to channel increased liquidity into DeFi, leveraging Avalanche's speed and low costs to facilitate high-volume swaps and yield opportunities.
BlackHole integrated Dune Analytics for public protocol performance dashboards.
contract
avalanche
Integrated with Dune Analytics' enterprise onchain data platform to power public-facing dashboards and track protocol performance.
Launches SupernovaDEX, a new DEX on Ethereum, with free access for veBLACK holders.
SupernovaDEX launches on Ethereum with free access for veBLACK holders. The original Blackhole DEX achieved $22+ billion in volume on Avalanche in its first 4 months.
Artery_Chain launches $40,000 in incentives for the ARTERY/USDC pool for Epoch 16.
High price impact issues on swaps reported, with user sentiment indicating they "dodged a bullet" by exiting positions.
11m+ BLACK tokens burned for Season 3. PolyPup1 launches token yield strategy utilizing Uniswap v4 hooks and Blackhole DEX.
Partnership confirmed with The Grotto L1, a new Avalanche-based L1 chain focused on indie gaming, NFT assets, and ERC20/NFT launch tools. Current token FDV stands at 700k with only 500 people able to hold a full token.
Approximately $1.5k in voting rewards have been added to the wrsETH-WETH.e pool.
The platform added close to $300k in incentives in the past 6 weeks for the $ARENA pool.
wrsETH-WETH.e concentrated liquidity pool now available with stacked rewards including 2x Kernel Points, AVAX, and BLACK tokens.
EV Season 2 program ends in 3 days; current BLACK token burning rebate rates described as exceptionally high.
Annualized losses reach $41M against a $52M FDV, indicating negative unit economics and raising concerns about value destruction despite previously reported revenue generation.
Team and foundation permalocked 100% of TGE supply, aligning incentives entirely with trading fees while annualizing $52M revenue at $53M market cap. Permissionless listings feature launching soon and 2 DATs recently announced for Avalanche ecosystem signaling institutional development.
Staking rewards provide 170% APY for locked BLACK tokens.
Blackhole ranks at the top among DeFi protocols for 7-day fees generated relative to market cap according to DefiLlama data.
TVL peaked near $290M in early August and has now stabilized above $170M.
20M $BLACK tokens burned to fund future burn reward mechanisms
BORNE token goes live with direct in-game claiming system and BlackholeDex listing.
$BORNE token launches in August with ve(3,3) staking incentives to drive sustainable trading volume.
ARENA/AVAX pool receives 7.77M ARENA ($50k) incentive boost for liquidity providers.
WAVAX/USDT pool delivers 400% APY with $200 weekly rewards per $2K invested; rewards distributed in $BLACK tokens.
Leads Avalanche DEX ecosystem with $4.9B monthly volume, showing 5 consecutive weeks of all-time-high activity.
Weekly DEX volumes on Avalanche hit peak levels, projecting $11B+ for August 2025, highest since January 2022.
New Avalanche L1 deployment tool $SUZ launches with $350k raise on Seedify, now available for farming.
KIGU token goes live with successful airdrop to CHAMP lockers.
CHAMP liquidity providers eligible for exclusive KIGU airdrop.
Token launches tomorrow with initial liquidity on Avalanche network, followed by planned MEXC listing. Recent achievements include AIxWeb3 hackathon win and successful NFT mint completion.
Yield farming APR increases dramatically to 22075%.
Severe liquidity crisis emerges with high slippage and significant price impact from position rebalancing.
Distributed 675,162 veBLACK to Super Stakers for staking rewards (program ends 2026-03-25) and 100,000 veBLACK from burned supply to 10 winners. Super Stakers eligible for $25K SupernovaDEX veNOVA airdrop.
USDT/AVAX liquidity pool offers 2600% APR yield farming opportunity.
New voting bribes added to BLS/USDC and BLS/BLACK liquidity pools for enhanced yield opportunities.
Major crypto infrastructure providers and whale accounts are actively migrating liquidity to the platform, driven by competitive fee structure and strategic partnerships.
New BLS/BLACK liquidity pool launches with yield generation opportunities for stakers.
Two stablecoin pools reach $63M combined TVL with 48-67% APY yields
Vfat auto-rebalancing feature enables passive LP management with competitive yields versus ecosystem alternatives.
Voting incentives scale to $1.3M+ for next week while new token burn mechanics are introduced with promised benefits for participants who burn $BLACK.
New farming opportunities offer 100%-1000% APY across AVAX and ETH chains
New BTC.B/wAVAX trading pair offers 70% APR yield farming opportunity with potential Aave borrowing integration for enhanced strategies.
High-yield farming opportunity launches with AVAX/USDC pool offering $820K weekly rewards and 2000% APR through Vfat.io integration for automated LP range management.
Platform reaches 250M AVAX monthly DEX volume while attracting 10K Steam players in first week; LG evaluates infrastructure for private stablecoin deployment.
Analyst reports set $1.5 price target while new RWA partnership signals potential $240B capital influx for expanding TVL.
Platform reaches $200M TVL milestone with $150M daily trading volume.
DEX reaches $178M TVL and $175M daily volume on Avalanche chain.
All team and foundation tokens are permanently burned with insiders locked into long-term onchain business structure, establishing core strategy as DEX market share acquisition through volatility-driven growth.
3.3M BLS tokens allocated for voter bribes to enhance DEX liquidity and governance participation.
DEX achieves $184M TVL and ranks #29 globally, surpassing NEAR and Thorchain in key metrics.
Daily trading volume doubles to $175M, projecting $5B monthly volume.
New yield farming epoch structure launches with Epochs 1-14 identified as highest-return period.
Significant liquidity migration from Katana DEX to platform on AVAX chain, with $4.8k pre-TGE revenue and $700 locked via Sushi token.
$20K LP position currently yields $500 daily returns (~900% APR), with expectations of decreasing yields as adoption grows.
$40,000 reward pool available for SUPER/BLACK pool voters during current epoch ending in 2 days.
High-yield liquidity pools live with 4000% APR for AVAX/USDC and 2,694% for WETH/AVAX pairs, with impermanent loss risk.
New DEX announces comprehensive airdrop targeting ve3,3 DEX users, yield aggregator LPs, and specific NFT communities.
Platform achieves market leadership on Avalanche with $120M TVL and sustained 4-digit APRs.
TVL surges by $15M in 8 hours with exponential growth pattern.
Platform achieves $100M TVL in first 48 hours, while maintaining 100% community-distributed token supply.
Market capitalization surges to $160M from previous $28M level.
Platform TVL nears $100M milestone.
New partnership with BuildVerticalAi launches to optimize trading speed and costs on AVAX network.
New projects launching on platform offer exclusive presale access to AIVAX and DTRXBT holders.
TVL triples while price rises 40%, despite 66% yield reduction and 30% farm reward increase.
Platform reaches $50M TVL within first week of launch
Large whale accumulation detected between $26M-$28M market cap with FDN backing.
New airdrop distribution targets ve(3,3) token holders including $THE, $AERO, and $SHADOW holders on Avalanche network.
Airdrop recipients include $SUPER holders and NeoTokyo community, with option to burn allocated tokens.
2 million BLACK and veBLACK tokens distributed to The Citadel with claim process now active.
$BLACK token launches with automated $SUPER buyback system and staker airdrop claims
TGE launches today at 6PM PT on Avalanche network.
WILD token integrates with platform on Avalanche blockchain.
Token launch confirmed for Tuesday by elliotrades.
$SUPER token launches on platform with active trading now available.
DEX platform launches with $BLACK token deployment scheduled in 5 days.
$BLS bribes introduce new voting incentives for LP stakers, driving $BLACK emissions allocation.
$BLS liquidity pool migrates to BlackholeDex platform with temporary trading interruption at 12:50 UTC.
Liquidity migration from LFJ begins today, marking operational launch phase with temporary trading suspension.
Platform launches tomorrow with TGE scheduled for July 16th
Token Generation Event approaching with 100% community allocation and secured upfront liquidity.
New privacy-enabled ERC tokens are under development, expanding protocol capabilities beyond basic DEX functionality.
Testnet phase 3 ends July 3rd at 6pm EST, with airdrop claims opening 2 days after TGE for multiple eligible groups including SuperVerse stakers, Neo Tokyo holders, and select LP providers.
$BLACK token airdrop announced for CHAMP stakers, with rewards scaling based on stake amount and lock duration.
Active S1 and S2 Citizens receive BLACK airdrop for upcoming Avalanche platform participation.
New partnership established with CHAMP token for gaming and frontier tech integration.
New strategic partnership established for all future AVAX launches, with project co-founders revealed as ZssBecker and Elliotrades.
Competitive security audit completed with $28,000 prize pool and multiple valid findings identified.
$BLS token announces migration to new Avalanche-based DEX focused on gaming tokens.
Project team pushes token burns while threatening sellers, raising significant manipulation risk flags.
Public testnet now live for testing and participation.
Testnet launches on Avalanche Fuji with veNFT minting and pre-TGE rewards program.
$28,000 competitive security audit launches with 12-day duration to identify vulnerabilities.
New DEX launches on Avalanche with zero team token allocation and permanent token locks.
New partnership establishes official trading and liquidity hub on Avalanche with upcoming $BORNE token launch.