BHI 3.0·Q1 2026 Bulletin
Last computed 14:32 UTC, Apr 29 2026·Spearman ρ = 0.83·Validation: preliminary
Today's bulletin →
Movers · since 14:32 UTC, Apr 29 2026
PLATFORM PROFILEETH

Ethereum (ETH)

$251B68% DeFi TVLCrypto Assets
4.57
B-index (V3.1)
BLACK HOLE
Capture1.659
Escape0.363
Key Structural Insight

Even Ethereum competitors reinforce its dominance by building EVM-compatible systems. The standard is the moat.

Eleven-Parameter Profile

5DATAMEMACTPROCNETCLOSEPORTSUBFALLORGMOM
Data Depth8/10
Memory7/10
Action8/10
Process9/10
Network9/10
Closeness7/10
Portability3/10
Substitutability4/10
Human Fallback4/10
Org Depth8/10
Momentum6/10
Capture Escape Extended

V3.1 Decomposition

ComponentValueFormula
CES₄ capture core0.7984CES(d, m, a, p)
Knowledge synergy σₖ0.7483√(d · m)
Operability synergy σₒ0.8485√(a · p)
Synergy boost1.23951 + 0.3·(σₖ + σₒ)/2
Org-depth multiplier1.40001 + 0.5·o
Momentum multiplier1.18001 + 0.3·t
Total Capture1.6595c·(1+0.5n)·core·syn·org·mom
CES₃ escape core0.3651CES(x, s, h)
Feedback attenuation0.7205max(0.3, 1 − 0.35·core)
Total Escape0.3631ε + escCore · feedback
B = Capture / Escape4.571.659 / 0.363

Scoring Rationale

68% of DeFi TVL. 36M ETH staked (30% of supply). EVM standard adopted by virtually every competing chain. Developer tooling moat. Migrating smart contracts = complete rewrite.

Parameter Sensitivity

MARGINAL B-INDEX CHANGE PER ±1 SCORE SHIFT
CLOSE7
+1.31
PORT3
-0.68
SUB4
-0.59
FALL4
-0.59
MEM7
+0.45
ACT8
+0.43
DATA8
+0.42
PROC9
+0.40
ORG8
+0.33
NET9
+0.32
MOM6
+0.23
+ raises B (deepens lock-in) lowers B (aids escape)

Comparable PlatformsCrypto Assets (9 peers)

#PlatformTickerB-indexZone
01Solana (SOL)SOL4.83BLACK HOLEProfile →
02BNBBNB3.47BLACK HOLEProfile →
03Hyperliquid (HYPE)HYPE3.25BLACK HOLEProfile →
04TRON (TRX)TRX1.85EVENT HORIZONProfile →
05Bitcoin (BTC)BTC1.82EVENT HORIZONProfile →
06Tether (USDT)USDT1.72EVENT HORIZONProfile →
07Cardano (ADA)ADA1.12TRANSITIONProfile →
08XRPXRP1.02TRANSITIONProfile →
09Dogecoin (DOGE)DOGE0.17USEFUL TOOLProfile →