📖Overview
Supernova is the next-generation decentralized exchange on Ethereum, functioning as a specialized liquidity hub to accelerate the success of emerging projects and champion active community participation within Web3 ecosystems.
Supernova builds on the insights and success formula from our ve(3,3) DEX on Avalanche, which quickly established Blackhole as the number #1 DEX by every metric, such as TVL, trading volume, and community metrics, including token distribution, active user participation, and transaction counts.
Blackhole is the #1 ranked Avalanche DEX by 24h, 7d and 30d volume:
Blackhole dominates on multiple key metrics, such as Dex Volume Distribution:
Blackhole's high number of daily active users and transaction counts further underscore strong organic engagement:
Why Ethereum?
Launching a new ve(3,3) DEX on Ethereum mainnet makes strategic sense today for several compelling reasons. First, Ethereum commands unparalleled dominance in DeFi with over 60% of total value locked (TVL), providing instant access to the deepest liquidity pools, blue-chip assets, and institutional-grade infrastructure that L2s often lack in scale.
Secondly, upgrades of Ethereum over the past couple of years, have eliminated the economic barriers that once drove ve(3,3) forks to L2s like Base or Optimism. Since 2022, Ethereum has undergone transformative upgrades that have dramatically improved its gas fee dynamics. Key milestones include the Merge in September 2022, which shifted the network to Proof of Stake for greater efficiency; the Dencun upgrade in March 2024, introducing proto-danksharding and blob transactions that slashed L2 costs by over 95% while alleviating mainnet congestion; and the Pectra upgrade in 2025, which optimized data availability and validator performance further.
These enhancements have delivered tangible results. Average gas fees, which exceeded 70 gwei in early 2024, now typically range below 1 gwei, often 0.03–0.5 gwei as of early 2026. Consequently, a sophisticated ve(3,3) DEX transaction costing $50–$100 in 2022 can now be executed for just cents to a couple of dollars.
Finally, Ethereum offers unmatched composability with well-established top DeFi protocols like Aave, Uniswap, and Maker, allowing a ve(3,3) DEX to integrate bribe markets, emissions, and veNFT incentives directly into the heart of DeFi prime.
Enhanced ve(3,3) Tokenomics
Supernova evolves the traditional ve(3,3) model by introducing two distinct classes of veNFTs: Singularity veNFTs and Supermassive veNFTs. Supermassive veNFTs represent a premium, supply-reducing form that can only be minted through the permanent removal of $NOVA tokens from circulation.
To further enhance ecosystem alignment, Supernova’s open incentive marketplace allows partners to make weekly incentive deposits, motivating veNFT holders to direct voting power toward their liquidity pools. This dynamic reward mechanism encourages long-term collaboration between projects and the community, ensuring liquidity is distributed where it creates the greatest strategic value.
AMM Offering
Supernova provides a comprehensive suite of Automated Market Maker (AMM) models designed to accommodate diverse liquidity strategies. The platform integrates Concentrated Liquidity AMMs, Classic UniV2-style AMMs, and Stablecoin AMMs, allowing users to tailor their liquidity provisioning according to asset characteristics and trading objectives.
AMM Modularity
Powered by the Algebra Integral framework, Supernova’s AMMs offer unparalleled modularity and customization. Through a flexible plugin architecture, partners can fine-tune core market-making parameters, introduce new features, and optimize trading efficiency to meet their specific operational and strategic goals.
How It Works
The protocol enables seamless token swaps and collects trading fees to sustain and incentivize liquidity across the ecosystem. During each epoch, liquidity providers (LPs) are rewarded with $NOVA emissions proportional to the voting weight their pools receive. Only staked liquidity within active protocol gauges qualifies for these emissions.
Participants can lock their $NOVA tokens to obtain veNOVA, granting them the ability to vote on emission distribution for the upcoming epoch. veNOVA voters earn a share of all trading fees generated in the previous epoch, along with any additional incentives contributed by projects seeking to attract votes in the current cycle.
Epochs
An epoch is a 7-day period that starts every Thursday at 00:00 UTC and ends Wednesday at 23:59 UTC. Votes, emissions, fees, and incentives are all calculated on a per-epoch basis.
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