
Blackhole (CLMM)
O Blackhole (CLMM)
Blackhole is a next-generation decentralized exchange (DEX) built on the Avalanche C-Chain, optimized for deep liquidity, sustainable emissions, and long-term incentive alignment across the DeFi ecosystem. At its core, Blackhole leverages an enhanced ve(3,3) tokenomics model, combining dynamic governance, emissions-based rewards, and advanced automated market maker (AMM) infrastructure to deliver capital-efficient liquidity solutions.
The native token of the protocol, $BLACK, is used for: Emission rewards to liquidity providers
Locking into veNFTs to gain governance rights and rewards
Staking to earn protocol revenue and bribes
Perma-locking to mint special Supermassive veNFTs with non-decaying power
Blackhole’s unique two-tier governance system revolves around veBLACK vote-escrowed NFTs minted by locking $BLACK tokens. Users can choose between two types:
Singularity veNFT: Users lock $BLACK for up to 4 years to earn veBLACK, gaining proportional voting power and protocol revenue.
Supermassive veNFT: Created by permanently burning $BLACK tokens. These NFTs receive enhanced rewards, non-decaying voting power, and a 10% rebase bonus. All team tokens are burned into Supermassive veNFTs, eliminating future sell pressure.
How Does Blackhole Work? Blackhole’s incentive engine operates in epochs. Each week, veNFT holders vote on “gauges” that determine which liquidity pools receive $BLACK emissions. In return, voters earn: A share of trading fees from voted pools
100% of bribes and partner incentives from those pools
Rebase rewards based on emission dynamics
The protocol features variable AMMs for volatile assets, stable AMMs for correlated pairs like stablecoins, and concentrated liquidity pools for precision market-making. LPs can earn higher fees by focusing capital around price ranges and staking to access emissions. New projects can launch liquidity via Genesis Pools, a capital-efficient bootstrapping system with fixed price contributions and auto-staking. Genesis participants earn LP tokens and start receiving emissions from epoch one.
What Makes Blackhole Unique? Dual veNFT system: Long-term governance through both flexible and permanent locks
Dynamic emissions model: Four emission phases—early growth, inflation control, and a governance-driven terminal phase called “Hawking Radiation”
Protocol alignment: All team tokens permanently burned into Supermassive veNFTs
Revenue streams: Voters earn from trading fees, bribes, and rebases
Advanced AMM design: Modular, concentrated liquidity architecture powered by Algebra Integral
Permissionless launches: Any project can bootstrap deep liquidity via Genesis Pools
| # | Měna | Symbol | Cena v USD | 1h Změna | 24h Změna | 24h Txns | 24h Objem | Liquidity | FDV |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ![]() | WAVAX/USDC | $8.37 | 0.17% | 0.45% | 37,245 | Kč211,004,750.47 | Kč2,708,098,453.64 | |
| 2 | ![]() | WAVAX/USDC | $8.37 | 0.16% | 0.42% | 7,786 | Kč113,831,881.69 | Kč2,708,098,453.64 | |
| 3 | ![]() | WAVAX/USDt | $8.37 | 0.19% | 0.48% | 5,856 | Kč21,764,462.95 | Kč2,708,098,453.64 | |
| 4 | ![]() | WAVAX/USDC | $8.37 | 0.07% | 0.41% | 4,771 | Kč33,079,350.62 | Kč2,708,098,453.64 | |
| 5 | ![]() | BTC.b/USDt | $64,389.28 | 0.05% | 0.47% | 4,394 | Kč89,166,799.67 | Kč4,710,456,199.54 | |
| 6 | ![]() | WETH.e/WAVAX | $1,859.19 | 0.34% | 0.25% | 3,366 | Kč84,703,650.00 | Kč688,570,294.22 | |
| 7 | ![]() | BTC.b/USDC | $64,401.7 | 0.01% | 0.34% | 3,161 | Kč23,096,942.81 | Kč4,710,456,199.54 | |
| 8 | ![]() | BTC.b/WAVAX | $64,428.73 | 0.25% | 0.45% | 2,853 | Kč109,930,023.08 | Kč4,710,456,199.54 | |
| 9 | ![]() | WETH.e/USDt | $1,860.66 | 0.27% | 0.19% | 1,973 | Kč16,153,441.50 | Kč688,570,294.22 | |
| 10 | W | WRP/USDC | $0.008047 | 0.78% | 0.03% | 1,738 | Kč1,616,300.26 | Kč827,104,519.55 | |
| 11 | ![]() | WETH.e/USDC | $1,858.81 | 0.31% | 0.11% | 1,085 | Kč597,814.65 | Kč688,570,294.22 | |
| 12 | ![]() | USDC/USDt | $1 | 0.00% | 0.00% | 834 | Kč60,018,488.81 | Kč11,540,245,947.4 | |
| 13 | ![]() | AUSD/USDC | $1 | 0.06% | 0.10% | 710 | Kč3,229,907.91 | Kč203,252,241.66 | |
| 14 | ![]() | LINK.e/USDC | $8.24 | 0.22% | 0.01% | 687 | Kč806,238.96 | Kč79,396,207.13 | |
| 15 | ![]() | BLACK/WAVAX | $0.01303 | 0.08% | 2.49% | 430 | Kč487,820.95 | Kč60,694,008.73 | |
| 16 | ![]() | SUPER/USDC | $0.1087 | 0.31% | 2.68% | 400 | Kč325,845.79 | Kč18,166,291.48 | |
| 17 | S | SPX/USDC | $0.2948 | 0.75% | 7.71% | 332 | Kč199,995.20 | Kč1,147,546.15 | |
| 18 | ![]() | BTC.b/XAUt0 | 0.00% | 0.05% | 279 | Kč5,398,668.01 | Kč4,710,456,199.54 | ||
| 19 | ![]() | BLACK/USDC | 0.48% | 2.27% | 197 | Kč73,840.09 | Kč60,694,008.73 | ||
| 20 | ![]() | SUPER/BLACK | $0.1088 | 0.31% | 1.90% | 177 | Kč77,129.56 | Kč18,166,291.48 | |
| 21 | X | XAUt0/WAVAX | $5,157.66 | 0.02% | 0.45% | 150 | Kč1,144,774.09 | Kč65,638,688.94 | |
| 22 | ![]() | MOANI/USDC | $0.00006112 | 0.98% | 9.00% | 124 | Kč26,310.03 | Kč7,567,721.23 | |
| 23 | ![]() | GUN/WAVAX | $0.02809 | 2.71% | 0.56% | 124 | Kč31,020.84 | Kč206,787,104.00 | |
| 24 | X | XAUt0/USDt | $5,152.59 | 0.00% | 0.99% | 111 | Kč2,348,016.62 | Kč65,638,688.94 | |
| 25 | ![]() | LINK.e/BLACK | $8.25 | 0.14% | 0.04% | 105 | Kč5,371.01 | Kč79,396,207.13 | |
| 26 | ![]() | stAVAX/WAVAX | 0.00% | 0.43% | 96 | Kč190,233.32 | Kč413,984,927.35 | ||
| 27 | M | MOG/USDC | 0.00% | 0.50% | 83 | Kč6,807.18 | Kč609,864.10 | ||
| 28 | ![]() | WETH.e/BLACK | $1,853.64 | 0.18% | 0.21% | 79 | Kč4,290.53 | Kč688,570,294.22 | |
| 29 | ![]() | BLACK/USDt | $0.01313 | 0.00% | 2.51% | 62 | Kč2,679.95 | Kč60,694,008.73 | |
| 30 | S | SPX/BLACK | 0.00% | 6.57% | 51 | Kč2,055.27 | Kč1,147,546.15 | ||
| 31 | S | SOL/WAVAX | $78.39 | 0.58% | 0.21% | 47 | Kč22,253.38 | Kč5,154,079.17 | |
| 32 | W | WBTC/BTC.b | 0.00% | 0.00% | 46 | Kč3,851,668.88 | Kč33,080,914.24 | ||
| 33 | ![]() | BTC.b/BLACK | $64,332.3 | 0.03% | 0.06% | 43 | Kč24,174.24 | Kč4,710,456,199.54 | |
| 34 | P | PEPE/USDC | $0.053949 | 0.00% | 0.00% | 28 | Kč2,970.08 | Kč1,351,099.78 | |
| 35 | ![]() | SolvBTC/WAVAX | 0.00% | 0.04% | 18 | Kč11,237.59 | Kč81,299,519.97 | ||
| 36 | ![]() | KET/USDt | 0.00% | 2.77% | 17 | Kč370.55 | Kč49,777,300.74 | ||
| 37 | ![]() | sAVAX/WAVAX | $10.45 | 0.10% | 0.47% | 12 | Kč727,315.36 | Kč4,144,304,590.78 | |
| 38 | ![]() | BLACK/MOG | 0.00% | 4.34% | 12 | Kč210.73 | Kč60,694,008.73 | ||
| 39 | ![]() | EURC/USDC | 0.00% | 0.13% | 12 | Kč10,634.88 | Kč162,043,985.31 | ||
| 40 | P | PEPE/BLACK | 0.00% | 1.08% | 10 | Kč171.49 | Kč1,351,099.78 | ||
| 41 | D | DOGE/BLACK | 0.00% | 1.59% | 8 | Kč297.08 | Kč833,321.90 | ||
| 42 | R | rsAVAX/WAVAX | 0.00% | 1.93% | 6 | Kč6,898.26 | Kč14,229,690.39 | ||
| 43 | D | DOGE/USDC | 0.00% | 1.72% | 6 | Kč94.33 | Kč833,321.90 | ||
| 44 | G | GHO/USDC | $1 | 0.00% | 0.00% | 3 | Kč329,421.30 | Kč7,365,502.34 | |
| 45 | A | AXD/USDC | 0.00% | 0.00% | 3 | Kč2.18 | Kč810,984.26 | ||
| 46 | W | WLFI/USDC | 0.00% | 1.05% | 2 | Kč365.59 | Kč850,113.23 | ||
| 47 | ![]() | xUSD/USDC | $0.003866 | 0.00% | 1.01% | 2 | Kč252.86 | Kč1,002,408.36 | |
| 48 | ![]() | BTC.b/YBTC.B | 0.00% | 0.00% | 1 | Kč14.98 | Kč4,710,456,199.54 | ||
| 49 | ![]() | sAVAX/stAVAX | 0.00% | 0.00% | 1 | Kč0.7349 | Kč4,144,304,590.78 | ||
| 50 | A | avUSD/USDC | 0.00% | 0.00% | 1 | Kč16.82 | Kč2,270,562,868.65 | ||
| 51 | ![]() | WETH.e/weETH | 0.00% | 0.00% | 1 | Kč25.65 | Kč688,570,294.22 | ||
| 52 | S | savUSD/USDC | 0.00% | 0.00% | 1 | Kč574.49 | Kč1,784,382,173.37 | ||
| 53 | ![]() | WETH.e/wrsETH | 0.00% | 0.00% | 0 | Kč0 | Kč688,570,294.22 | ||
| 54 | T | TREE/WAVAX | 0.00% | 0.00% | 0 | Kč0 | Kč340,678.77 | ||
| 55 | ![]() | BTC.b/SolvBTC | 0.00% | 0.00% | 0 | Kč0 | Kč4,710,456,199.54 | ||
| 56 | S | savUSD/avUSD | 0.00% | 0.00% | 0 | Kč0 | Kč1,784,382,173.37 | ||
| 57 | W | WBTC/YBTC.B | 0.00% | 0.00% | 0 | Kč0 | Kč33,080,914.24 | ||
| 58 | R | reUSD/USDC | 0.00% | 0.00% | 0 | Kč0 | Kč38,414,802.97 | ||
| 59 | S | sUSDe/USDC | 0.00% | 0.00% | 0 | Kč0 | Kč71,929,974.52 | ||
| 60 | H | HLP0/USDC | 0.00% | 0.00% | 0 | Kč0 | Kč49,661.33 | ||
| 61 | G | GSCORE/USDC | 0.00% | 0.00% | 0 | Kč0 | Kč8,320.22 | ||
| 62 | T | TRX/USDC | 0.00% | 0.00% | 0 | Kč0 | Kč237,994.90 | ||
| 63 | T | TEST/WAVAX | -- | - | - | 0 | -- | -- | -- |
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