Ithaca Protocol
ITHACARating BDeFiDerivativesOptions2023 Founded
Ithaca Protocol is a non-custodial composable options protocol. Its auction-based matching engine provides greater liquidity for a given quantity of orders; users can adjust their exposure according to any expected market movement and desired scenarios. Ithaca offers a level playing field for users by enabling everyone to directly access risk-sharing engineering with just a few clicks.
ITHACA Price$0.0003946+1.50% (24H)
Market Cap$263.17K
FDVFully Diluted Valuation (FDV) is the total market value after all tokens are unlocked: current price × maximum supply. A larger gap from circulating market cap implies greater future unlock pressure.$2.87M
01
Project Profile
Project ProfileWOOFUN AIBased on historical content
Overall AssessmentB · Niche sector watch · Ithaca Protocol is a small-cap options project with a clear technical narrative and differentiated non-custodial, auction-based matching; however, price action
Ithaca Protocol’s main edge is product differentiation through composable options and an auction-based matching engine, which can appeal to users seeking on-chain risk management. It is deployed on BNB Chain and Arbitrum and has backing from market-making and institutional investors. The main risk is its very small market cap and trading scale, with a sharp 24-hour drop indicating weak market acceptance and limited liquidity; it still needs real usage growth to validate the model.
AI Bull Case· 5
- Non-custodial options protocol with a clear product focus
- Auction-based matching may improve liquidity for a given order flow
- Composable design enables more complex exposure construction
- Deployed on BNB Chain and Arbitrum, covering major EVM ecosystems
- Backed by market-making and institutional names such as Cumberland DRW and Wintermute
AI Bear Case· 4
- Very small market cap, with weak liquidity and price stability
- Large 24-hour decline suggests short-term sentiment pressure
- Options is a high-barrier sector, making user education and conversion difficult
- Limited public team information leaves execution and delivery capability unproven
3.2/ 5.0 Overall
Technical Architecture4.3
Market Performance2.8
Community Activity3.1
Tokenomics3
Team Background3.4
Token Concentration2.9
02
Funding History
Funding History1 rounds · $2.5M
Funding rounds1
Total funding$2.5M
Latest roundPre-Seed
Latest funding date2024-01-31
03
Team
Team1 members
AI Team Profile AnalysisExecution 6.8 / 10
The project is led by founder Dimitrios Kavvathas, with a relatively lean and early-stage public team profile. Funding includes market-structure and liquidity-oriented names such as Cumberland DRW and Wintermute, suggesting emphasis on trading and liquidity support, but overall team transparency remains limited.
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Product & Token
Product & TokenITHACA
Price$0.000395
Circulating Mkt Cap$263.17K
FDVFully Diluted Valuation (FDV) is the total market value after all tokens are unlocked: current price × maximum supply. A larger gap from circulating market cap implies greater future unlock pressure.$355.18K
24H Volume$52.01K
ITHACA is the core asset of the project ecosystem, connecting product usage, network incentives, staking or governance functions, and the broader on-chain application stack.
Native gas, staking and governance tokenhighrootdatacryptorankcoin_token_security
Amm
high05
Token Unlock Details
Token UnlockLinear + Cliff 解锁
73.40%Unlocked
Unlocked73.40%
Locked (linear release in progress)26.60%
Untracked0.00%
Recent Unlock Events
Linear
10.47MITHACALinear
9.01MITHACALinear
9.01MITHACAUnlock Schedule
Unit: ITHACA · Updated 2026-08-16 00:11:49AllocationUnlocked valueFiat value
Investors147.5M$453.34K
Team86.63M$266.26K
KOL7.51M$23.07K
Public Sale19.99M$61.45K
AllocationUnlocked valueFiat value
Treasury180.07M$553.45K
Liquidity50M$153.68K
Community Airdrop16.89M$51.9K
Strategic Partners57.9M$177.97K
Unlocked market cap
$289.2K
Unlocked circulating supply
732.92M ITHACA
Token Allocation
Total supply 1B ITHACA1BITHACA total supply
AllocationTotalUnlockedProgress
Investors19.25%14.82%
Team20.00%8.74%
KOL0.75%0.75%
Public Sale2.00%2.00%
Treasury18.00%18.01%
Liquidity5.00%5.00%
Community Airdrop1.80%1.69%
Strategic Partners10.00%5.86%
Quoting Infrasctructure3.00%2.90%
Staking Incentives20.00%13.33%
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Ecosystem Network
Ecosystem
No ecosystem data available
07
On-chain Data
On-chain DataLiveGenerated by the ChainIntel on-chain analysis model
Average Daily Volume$76.28K90D -48.7%
Protocol TVL$13.48K
Active Trading Addresses--
Derivatives Market Share--
On-chain data shows the project has strong momentum across trading volume and capital locked. As a leading decentralized derivatives project, it continues to show solid usage and liquidity.
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