The circular structure, raised on a high squared podium, is the first Greek monument built in the Corinthian order on its exterior. It was originally crowned with an elaborate floral support for the bronze tripod, the prize awarded to Lysicrates' chorus. Its frieze sculpture is thought to depict the myth of Dionysus and the Tyrrhenian pirates from the Homeric Hymn. Immediately below the architrave and between the column capitals is a second frieze depicting the choragic tripods. The monument is inscribed "Lysikrates son of Lysitheides of Kikynna was sponsor, Akamantis was victorious in the boys’ competition, Theon was pipe-player, Lysiades of Athens directed, Euainetos was archon". It stands now in its little garden on the Tripodon Street ("Street of the Tripods"), which follows the line of the ancient street of the name, which led to the Theater of Dionysus and was once lined with choragic monuments, of which foundations were discovered in excavations during the 1980s.