Altcoin Scorecard

25-variable Hold/Reduce/Sell framework, 250 tokens, 40+ parallel research agents

BTC benchmark: $77,663.2 (3.23%) · Updated Jun 11, 2026

Final Rankings

Tap a card for the full breakdown. Catalyst and risk shown on every screen.

#	Token	Score	Verdict	Price	MCap	FDV	Circ	Total	Max	Circ%	Dil.	Catalyst	Risk
1	HYPEBUY	193	HOLD CORE	$55.62	$12.4B	$55.6B	222.4M	1000.0M	1.0B	22%	4.5x	3 ETFs accumulating, HIP-3 RWAs ($62B/mo volume), Coinbase USDC partnership, a16z $322M accumulation, ICE CEO 'bigger than NASDAQ'	Closed-source code, 22% circ w/ 428M S3 airdrop overhang, FCA unauthorized warning, JELLY exploit precedent (validators force-settled), Arthur Hayes $18M exit
2	ETHBUY	187	HOLD CORE	$1,639.2	$197.8B	$264.0B	120.7M	120.7M	∞	100%	1.3x	Glamsterdam ePBS (Q3 2026), CLARITY Act (Jul 4 target), staking ETF expansion	Burn collapsed (-71% post-Pectra), ETH/BTC 10mo low, 9 EF departures, identity crisis
3	WSTETH	185	HOLD CORE	$2,560	$8.8B	$18.5B	3.4M	3.4M	∞	100%	2.1x	wstETH becoming default collateral across all major lending protocols; MakerDAO, Aave, Spark all natively integrated	Lido centralization risk (32% of staked ETH); Ethereum validator concentration concerns; potential regulatory classification as security
4	BTCBUY	183	HOLD CORE	$75,744.55	$1534.7B	$2289.0B	20.0M	20.0M	21.0M	100%	1.5x	Spot ETF inflows accelerating past $120B AUM; multiple sovereign wealth funds entering	Regulatory crackdown on self-custody; long-term quantum computing threat
5	MKR	177	HOLD CORE	$1,813.7	$1.6B	$1.9B	877.0K	900.0K	1.0M	97%	1.2x	USDS supply doubling to $20.6B, SubDAO launches, Sky Agent Network	MKR/SKY dual-token confusion, generic Sky rebrand, SubDAO dilution
6	SOL	170	HOLD	$66.57	$48.7B	$104.7B	578.2M	627.1M	∞	92%	2.2x	Spot SOL ETF approval pipeline; Firedancer client going live increases throughput 10x	Continued VC unlock pressure; centralization concerns with validator concentration
7	GEODBUY	169	HOLD	$0.16	$71M	$161M	444.6M	965.6M	1.0B	46%	2.2x	Jun 30 2026 halving (12→6 GEOD/day) accelerates deflationary crossover, Japan/Iceland StableHex expansion (Jun 8), Binance listing 12-18mo (40-55% probability), humanoid robot positioning (Multicoin $8M thesis), GEODASH ag drone JV (Q3 2026 commercial)	P/S 9.9-14.4x expensive vs Helium (3.1x) and Trimble (4.5x), FCC licensing gap for distributed RTK radio (individual operator licenses needed), no formal 99.9% SLA for enterprise customers, NVIDIA/humanoid robot connection is pure speculation (zero confirmed partnerships), 37.7% supply still locked with ongoing investor unlocks through 2029
8	SYRUP	168	HOLD	$0.22	$228M	$261M	1.2B	1.2B	∞	93%	1.1x	$100M ARR target 2026, 25% revenue buybacks, institutional DeFi lending leader	Credit default risk (2022 FTX/Alameda losses), Core Foundation injunction unresolved, ARR is projection not achieved
9	UNIBUY	167	HOLD	$2.50	$1.6B	$2.5B	635.6M	895.3M	1.0B	71%	1.6x	Bitwise spot UNI ETF (pending SEC), fee switch expansion to 11+ chains, BlackRock BUIDL integration + UNI purchases, Unichain UVN validators, V4 hooks marketplace, SEC safe harbor (5yr), CLARITY Act advancing	P/S 57-73x on actual protocol revenue ($26-61M not $1B), net inflationary +1.43%/yr (20M growth budget > 4.4M burns), $200M+ insider/VC selling in 2025, top 10 holders control 50.81%, Fluid took 55% stablecoin DEX share, aggregators route 50%+ of ETH volume
10	COW	167	HOLD	$0.14	$79M	$137M	578.9M	1.0B	1.0B	58%	1.7x	Burn proposal (60-85M COW), chain expansion (10 chains), Aave integration, xStocks tokenized equities	CoW AMM collapsed (-98% TVL), thin exchange volume ($138K/day), market share declining from peak, DNS hijack Apr 2026
11	LINKBUY	165	HOLD	$7.79	$5.7B	$9.7B	727.1M	1.0B	1.0B	73%	1.7x	DTCC Collateral AppChain July test → Q4 production. CCIP v1.5 self-serve. Confidential Compute GA.	60-76M LINK/yr treasury dumps to Binance ($500M+/yr). Fees go to node ops, not LINK holders.
12	ETHFI	162	HOLD	$0.38	$324M	$386M	880.7M	998.5M	1.0B	88%	1.2x	$50M buyback active (99% DAO approval), ETH staking ETF narrative, EtherFi Cash card	token unlock to 2027, ETH price dependency, Lido competition (#1 LST)
13	PENDLE	160	HOLD	$1.36	$232M	$383M	170.9M	281.5M	∞	61%	1.6x	Solana/Hyperliquid/TON chain expansion, Fortune 2026 list, Vietnam IFC delegation, 21Shares ETP (APEN) on SIX, Boros funding rate scaling, KYC Citadels + Shariah, one-click leveraged PTs, RWA $151M growing	Revenue collapsed 87.6% from peak ($4.44M/mo→$552K/mo). TVL -91% from $13.4B. No max supply cap (perpetual 2% inflation). Team holds 15% circ (25.59M), consistently selling ($9.76M cumulative). Ethena 50-75% TVL concentration. Hayes partially exited.
14	RETH	159	HOLD	$2,316.5	$810M	$820M	333.6K	333.6K	∞	100%	1.0x	Ethereum restaking demand and EigenLayer integration; Rocket Pool Saturn upgrade improving capital efficiency	rETH carries smart contract risk and Rocket Pool slashing insurance risk; slower growth vs. Lido's dominant wstETH
15	CBETH	158	HOLD	$2,395.82	$300M	$1.8B	127.0K	373.3K	∞	34%	6.1x	Coinbase institutional distribution gives cbETH unique access to TradFi investors; ETF integrations possible	Fully custodial, Coinbase controls withdrawal keys; regulatory risk against Coinbase directly impacts token; lower yield than competitors
16	AERO	157	HOLD	$0.43	$403M	$483M	941.4M	1.9B	∞	49%	1.2x	Base TVL growth and Coinbase system expansion driving sustained fee revenue above $1M/day peaks	Velodrome V3 migration on Optimism could siphon developer mindshare; token inflation from emissions remains elevated
17	MORPHO	157	HOLD	$1.92	$1.2B	$1.9B	646.2M	1.0B	1.0B	65%	1.5x	$175M raise (Jun 9) at $2B from model/a16z/Ribbit; Apollo 9% stake; Morpho Midnight fixed-rate launch; Coinbase $1.6B integration; RWA $820M	Fee switch OFF with no governance proposal, $0 revenue to holders; 35% supply locked through 2028; founder opposes distribution; governance concentrated (>50% one wallet)
18	AAVE	156	HOLD	$63.25	$960M	$1.0B	15.4M	16.0M	16.0M	96%	1.1x	V4 multi-chain expansion, Grayscale/Bitwise ETF filings, CLARITY Act DeFi safe harbor, Horizon $1B target	KelpDAO bad debt resolution, Morpho $175M raise competitive threat, governance centralization (top 3 = 58% votes)
19	LQTY	151	HOLD	$0.25	$25M	$27M	98.7M	100.0M	100.0M	99%	1.1x	V2 mainnet relaunch May 19 (remedial, not new), bribe market flywheel	V2 is relaunch after failure, BOLD <0.01% stablecoin share, no LQTY buyback/burn, FIRM unverified
20	JUP	151	HOLD	$0.15	$501M	$1.1B	3.3B	7.0B	7.0B	47%	2.1x	Net-zero emissions (Feb 2026), Securitize onchain equities LIVE, Jupiter Lend $2B+ TVL, Jupnet omnichain (testnet)	Revenue -78% ($580M→$129M), buyback HALTED ($70M failed), LIBRA scandal, 72% whale concentration, Jupnet testnet only
21	CETUS	147	HOLD	$0.03	$23M	$203M	947.8M	1.0B	1.0B	95%	8.7x	Sui TVL surging past $2B; CETUS as dominant liquidity layer capturing majority of Sui DEX volume	Sui system concentration risk; hack/exploit history (2023 $22M exploit fully recovered); competition from Turbos/Aftermath
22	SUI	146	HOLD	$1.05	$4.1B	$37.5B	4.0B	10.0B	10.0B	40%	9.1x	Dominant DEX volume growth; zkLogin adoption driving user onboarding; CETUS liquidity monopoly	Only 33% of tokens in circulation; Mysten Labs/VC unlocks through 2028 create structural sell pressure
23	LDO	146	HOLD	$0.35	$290M	$356M	849.1M	1.0B	1.0B	85%	1.2x	LDO fee switch enabling token buybacks or staker rewards expected Q3 2026	Ethereum staking yield compression; regulatory risk on liquid staking; DVT transition diluting Lido moat
24	OKB	145	HOLD	$52.5	$2.0B	$2.0B	21.0M	21.0M	21.0M	100%	1.0x	Q2 2025 OKX Layer 2 mainnet launch with OKB as gas token, driving buyback/burn utility.	Regulatory crackdown on OKX by US or EU authorities could freeze token utility and trading.
25	BNB	144	HOLD	$670.1	$88.7B	$137.0B	134.8M	134.8M	200.0M	100%	1.5x	Binance regulatory settlements complete; BNB Chain system expansion into Southeast Asia	Binance regulatory tail risk remains; CZ plea deal overhang; centralized chain perception
26	GMX	143	HOLD	$6.73	$66M	$90M	10.4M	10.4M	13.3M	100%	1.4x	24/7 commodity perps (gold/silver/oil) live April 2026, $1.18B first-week volume, RWA expansion	Sub-3% perp DEX share vs HYPE 70%, $90 reward open at $6.80 price, revenue was 3x overstated
27	DRIFT	142	HOLD	$0.03	$23M	$34M	611.5M	1.0B	1.0B	61%	1.5x	Drift v3 cross-margin launch June 20, 2026	VC open Sep 2026 (150M tokens), Solana network risk, competition from Zeta Markets
28	PAXG	141	HOLD	$4,537	$2.1B	$2.1B	470.3K	470.3K	∞	100%	1.0x	Gold price rally above $2,500/oz in 2025 due to Fed rate cuts and geopolitical demand.	Paxos trust company insolvency or loss of NYDFS BitLicense would break gold redemption peg.
29	SKY	141	CAUTIOUS HOLD	$0.06	$1.3B	$1.3B	23.3B	23.5B	23.5B	99%	1.0x	Buyback restoration ~Nov 2026 when Solvency Reserve hits $125M (currently $70.6M). Revenue still growing (Q1 record $61M net). SSR cut improves margins. Remaining 3 Stars. S&P upgrade path. Obex Cohort 2.	VALIDATED RISKS: Rune SPOF (80% governance, emergency proposals bypass process). Net inflationary ~4.4%/yr at current rates. Revenue $246M net but SKY captures only $97M (holders rev). TVL declining. NOT MiCA-compliant (Jul 2026 deadline). $756M USDC in unverifiable EOA. 35% of USDS is just wrapped USDC. All financials self-reported by Sky Foundation.
30	CRV	140	HOLD	$0.23	$333M	$725M	1.5B	2.4B	3.0B	64%	2.2x	Yield Basis mainnet, crvUSD growth, 44% ETH DEX fee revenue share	Egorov liquidated TWICE ($140M+), -96% from ATH, Uniswap V4 competition
31	AR	140	HOLD	$14.5	$136M	$950M	65.7M	65.7M	66.0M	100%	7.0x	AO (Actor Oriented) parallel computing layer turning Arweave into compute network	Storage endowment model relies on AR price assumptions; 83% below ATH; small system
32	INJ	139	CAUTIOUS HOLD	$5.70	$564M	$1.3B	100.0M	100.0M	∞	100%	2.2x	Weekly INJ burn from protocol fees; derivatives DEX adoption from TradFi pairs	Small system relative to Solana; derivatives DEX market dominated by centralized venues
33	KMNO	138	CAUTIOUS HOLD	$0.01	$69M	$147M	4.7B	10.0B	10.0B	47%	2.1x	Lend V2 live, Anchorage tri-party custody, Bitwise $259M fund, Ethena $1B+ integration	ZERO fee sharing, ZERO buyback, -94% ATH, 229M tokens/month opening, revenue declining -67%
34	FLUID	138	CAUTIOUS HOLD	$1.09	$86M	$110M	78.7M	100.0M	100.0M	79%	1.3x	DEX v2 (volatile pairs + cross-margin). Solana DEX launch Q3 2026. Buyback restoration when treasury recovers. Venus Flux BNB growth. Jupiter Lend expansion on Solana.	Revenue declining -63% ($15M peak → $5.6M run rate). Buybacks HALTED. TVL -92% from peak ($9.2B → $726M). Two security incidents in 2026 (Resolv $21M bad debt + Merkle key compromise $215K). Treasury depleted (~$5M liquid). 4-day disclosure delay on May incident. NOT on Binance.
35	AVAX	138	CAUTIOUS HOLD	$6.71	$2.9B	$4.9B	431.8M	463.4M	720.0M	93%	1.7x	FIFA World Cup Jun 11 (60K+ blockchain txns already), Progmat $2B migration by end-Jun, Avalanche Summit V Sep 16-17 NYC, AVAX One Nasdaq $700M target	Validator collapse -55% (1,465→656), net-inflationary (burns 0.13% vs 7.5% emissions), AWS hosts 67.4% of staked AVAX, price -95% from ATH despite strong fundamentals
36	ENS	137	CAUTIOUS HOLD	$6.40	$252M	$641M	40.4M	100.0M	100.0M	40%	2.5x	ENS V2 L2 expansion driving registration volume surge	Revenue concentrated in speculative domain registrations which can dry up in bear markets
37	ACX	137	CAUTIOUS HOLD	$0.04	$29M	$41M	704.7M	1.0B	1.0B	70%	1.4x	Growing bridge volume, fee buyback mechanism, UMA system integration	Intent-based competition (UniswapX), relayer centralization, low liquidity
38	NEAR	135	CAUTIOUS HOLD	$2.66	$3.6B	$1.9B	1.3B	1.3B	∞	100%	0.5x	AI Confidential Intents LIVE (not Q3-Q4 future), revenue improving	32-38x P/S still expensive, $117M TVL vs $1.9B mcap gap
39	BANANA	135	CAUTIOUS HOLD	$3.88	$15M	$145M	4.0M	8.4M	10.0M	48%	9.6x	Bull market retail FOMO driving Telegram bot volume spike; 1% fee on all trades with aggressive buyback	Revenue collapses in bear markets; Unibot/Maestro competition fierce; no durable moat beyond brand
40	BGB	135	CAUTIOUS HOLD	$5.20	$1.4B	$1.8B	700.0M	913.9M	2.0B	77%	1.3x	Bitget's planned BGB token burn event in June 2025, reducing supply by 5% (40M tokens).	Bitget's proof-of-reserves audit reveals undisclosed liabilities, triggering a run on withdrawals.
41	ARB	134	CAUTIOUS HOLD	$0.11	$672M	$4.2B	6.3B	10.0B	10.0B	63%	6.2x	BOLD dispute resolution upgrade; Stylus enabling Rust/C++ smart contracts expanding developer base	42% circulating with significant investor unlocks remaining; sequencer revenue not well-accrued to ARB token holders
42	JTO	134	CAUTIOUS HOLD	$0.50	$237M	$510M	475.7M	1.0B	∞	48%	2.2x	JTO fee switch enabling staking rewards from MEV tips; Solana system continued growth	No direct revenue accrual to JTO token yet; 91% below ATH; concentrated Solana system risk; a16z large token holder
43	SAFE	132	CAUTIOUS HOLD	$0.15	$104M	$152M	740.4M	1.0B	1.0B	74%	1.5x	Fee switch or protocol revenue share activation by Safe DAO	Token has no clear value accrual mechanism; Safe protocol revenues flow to contributors not token holders
44	VIRTUAL	130	CAUTIOUS HOLD	$0.65	$427M	$649M	657.0M	1.0B	1.0B	66%	1.5x	Grayscale Q2 2026 consideration list; ERC-8183 co-authored with Ethereum Foundation; Revenue Network ACP scaling; multi-chain expansion to Solana/Arbitrum	Revenue $8.9K/day (96% below peak); protocol retains only 30% of fees; 93% whale concentration; $1M/mo subsidy exceeds $428K/mo fees; top agents (AIXBT, Zerebro) left platform
45	SNX	130	CAUTIOUS HOLD	$0.32	$109M	$106M	344.5M	344.9M	344.9M	100%	1.0x	sUSD repeg in ~6 weeks triggers 100% SNX buybacks, ETH mainnet CLOB launch	Hyperliquid 70-80% market share dominance, $210M TVL vs HYPE $6.2B, broken sUSD peg
46	RAY	129	CAUTIOUS HOLD	$0.76	$204M	$443M	269.0M	555.0M	555.0M	48%	2.2x	Solana memecoin cycle revival could 3-5x volume overnight	PumpSwap directly forked revenue model, anonymous team, Q1 2026 revenue -76% from Q3 2025
47	OLAS	129	CAUTIOUS HOLD	$0.78	$7M	$780M	237.0M	473.5M	∞	50%	106.4x	Olas Predict and Mechs gaining traction; first-mover in programmable AI agent services vs simple chatbot agents	91.6% down from ATH; Virtuals captured mainstream AI agent narrative; OLAS staking/locking mechanics complex for retail
48	AKT	129	CAUTIOUS HOLD	$0.88	$266M	$253M	292.1M	294.1M	388.5M	99%	0.9x	GPU leasing demand from AI startups; confidential compute and persistent storage launches	Actual AKT-denominated revenue remains modest; centralized clouds (AWS, Lambda) competing aggressively on price; token not required for marketplace use
49	GNO	128	CAUTIOUS HOLD	$117.82	$309M	$1.2B	2.6M	3.0M	3.0M	88%	3.8x	Gnosis Pay card adoption and Gnosis Chain positioning as Ethereum's community L1	Gnosis Chain has minimal DeFi activity vs Ethereum L2s; GNO value thesis relies on staking yield and Safe governance
50	TAO	128	CAUTIOUS HOLD	$270.5	$2.7B	$5.9B	9.6M	21.0M	21.0M	46%	2.2x	Dtao subnet tokenization enabling sub-token economies; AI compute demand structurally growing	No real revenue accrual to TAO; subnet quality highly variable; BTC-correlated with extra volatility; 44% supply still to emit
51	RENDER	127	CAUTIOUS HOLD	$2.21	$1.2B	$2.0B	518.7M	533.5M	644.2M	97%	1.8x	AI inference demand for GPU compute; Solana migration reducing fees and increasing throughput	Actual render network revenue tiny vs market cap; heavy dependence on AI narrative; centralized competitors cheaper
52	BERA	127	CAUTIOUS HOLD	$0.38	$98M	$197M	261.9M	540.8M	∞	48%	2.0x	Berachain system DeFi growth with PoL driving genuine liquidity depth; BGT/HONEY stablecoin flywheel	97.5% down from ATH; PoL model unproven at scale; BERA token has weak direct value accrual vs BGT governance token
53	LEO	126	CAUTIOUS HOLD	$8.85	$9.2B	$9.8B	920.5M	985.2M	∞	93%	1.1x	Bitfinex share buyback program using 27% of LEO revenue pool, accelerating token burn from Q3 2025.	DOJ indictment of Bitfinex/Tether executives for bank fraud or sanctions violations.
54	TRX	125	CAUTIOUS HOLD	$0.37	$35.5B	$23.3B	94.8B	94.8B	∞	100%	0.7x	Growing USDT-TRC20 adoption in emerging markets; fee revenue near historical highs	Justin Sun SEC fraud charges pending; extreme centralization; reputational damage from FTX era associations
55	LIT	125	WATCH	$1.50	$375M	$1.5B	250.0M	1.0B	1.0B	25%	4.0x	Lighter EVM Q2-Q3 2026, Telegram Wallet 150M users, CFTC license pursuit, potential Binance listing	Dec 2026 cliff unlocks 500M tokens (50% supply), 83% volume collapse from TGE peak, only 4,420 holders, L2BEAT Stage 0
56	OP	123	CAUTIOUS HOLD	$0.13	$275M	$3.5B	2.2B	4.3B	4.3B	50%	12.8x	Superchain interoperability connecting Base, Optimism, Zora; sequencer revenue growing	Only 30% circulating; OP Foundation and investor unlocks through 2027 create persistent sell pressure
57	POL	123	CAUTIOUS HOLD	$0.20	$982M	$1.9B	10.6B	10.6B	∞	100%	2.0x	AggLayer connecting all Polygon CDK chains into unified liquidity layer; ETH Foundation alignment	Only 38% circulating; MATIC migration not fully complete; AggLayer adoption slower than expected
58	CAKE	123	CAUTIOUS HOLD	$1.42	$467M	$656M	325.5M	337.9M	400.0M	96%	1.4x	PancakeSwap v4 with concentrated liquidity; multi-chain expansion to Base, zkSync, Linea	97% below ATH; BNB chain activity fragile; veCAKE tokenomics still inflationary net of burns; Uniswap competition intensifying on every chain
59	LPT	123	CAUTIOUS HOLD	$2.30	$115M	$115M	49.7M	49.7M	∞	100%	1.0x	AI video inference demand on Livepeer network, with 300+ new orchestrators onboarded by April 2025.	Competition from Render Network's video pipeline or AWS MediaConvert capturing 80%+ market share.
60	GT	123	CAUTIOUS HOLD	$22.5	$759M	$864M	106.5M	121.3M	121.3M	88%	1.1x	Gate.io's GT staking for Startup token allocations, with 12% APY and 50% of fees burned quarterly.	Gate.io's withdrawal of Chinese OTC services due to PBOC crackdown, reducing trading volume 40%.
61	ORCA	123	CAUTIOUS HOLD	$1.39	$84M	$104M	60.8M	75.0M	100.0M	81%	1.2x	Orca's concentrated liquidity v3 launch on Solana mainnet in March 2025, targeting 2x TVL growth.	Solana network outage lasting >4 hours (as in Feb 2023) halts all Orca trading and liquidity.
62	HNT	122	CAUTIOUS HOLD	$0.78	$141M	$179M	183.0M	183.0M	223.0M	100%	1.3x	Helium Mobile hitting 100K+ subscribers; carrier partnerships driving genuine data offload revenue to HNT burn	98.5% down from ATH; HNT value accrual requires Data Credits burn which is still tiny vs inflation; competition from 5G rollout
63	GRT	121	CAUTIOUS HOLD	$0.03	$294M	$265M	10.8B	10.8B	10.8B	100%	0.9x	GRT as default indexing layer for AI agents querying blockchain data; Arbitrum and L2 growth	Continuous token inflation from indexer/curator rewards; 99% down from ATH; query fees growing slowly vs token emissions
64	XRP	121	CAUTIOUS HOLD	$1.36	$82.9B	$245.0B	61.9B	100.0B	100.0B	62%	3.0x	Spot XRP ETF approvals in US; RLUSD stablecoin adoption by banks	50% of supply still held by Ripple Labs with monthly escrow unlocks diluting holders
65	VELO	121	CAUTIOUS HOLD	$0.00	$68M	$190M	17.6B	24.0B	∞	73%	2.8x	Velodrome V3 launch with concentrated liquidity and cross-chain expansion beyond OP Mainnet	AERO is eating VELO's narrative and liquidity; OP Mainnet TVL stagnant while Base dominates Superchain
66	MAV	121	CAUTIOUS HOLD	$0.01	$12M	$27M	928.9M	2.0B	2.0B	46%	2.2x	Maverick's dynamic fee AMM integration with zkSync Era, boosting daily volume to $50M by May 2025.	Uniswap v4 hooks on L2s (Arbitrum/Optimism) capture 90% of Maverick's targeted liquidity provision.
67	VRTX	121	CAUTIOUS HOLD	$0.01	$1M	$15M	76.0M	1.0B	1.0B	8%	13.2x	Vertex's cross-margin expansion to Arbitrum Orbit chain, enabling 100x use on BTC/ETH perps in Q2 2025.	dYdX v5's isolated margin vaults on Cosmos drain 60% of Vertex's open interest within 6 months.
68	ENA	120	CAUTIOUS HOLD	$0.10	$885M	$1.6B	9.0B	15.0B	15.0B	60%	1.8x	Grayscale 13.59% allocation, Arthur Hayes $1.97M investment, BlackRock UStb	S&P 1,250% Basel III risk weight, BaFin ban, only 55% circ, -93% from ATH
69	TIA	120	CAUTIOUS HOLD	$0.45	$429M	$448M	922.0M	1.2B	∞	79%	1.0x	Modular blockchain thesis gaining ground; TIA staking and DA fee revenue from rollups growing	Only 22% supply circulating; enormous investor/team unlocks through 2027; DA revenue thin; competing with EigenDA and Avail for mindshare
70	CHZ	120	CAUTIOUS HOLD	$0.04	$370M	$370M	10.4B	10.4B	∞	100%	1.0x	Chiliz Chain 2.0 partnership with FIFA for 2026 World Cup fan tokens, minting 50+ new club tokens.	Socios.com losing top-5 football club partnerships (Barcelona, PSG) to rival platform like Sorare.
71	COMP	119	WATCH	$19.61	$183M	$222M	9.7M	10.0M	10.0M	97%	1.2x	Compound III multi-chain expansion and potential governance fee switch	Extremely high P/S ratio (~112x) with declining market share vs Aave; COMP token captures minimal protocol value
72	PRIME	119	WATCH	$0.37	$307M	$307M	295.5M	295.5M	∞	100%	1.0x	Parallel TCG expansion & AI arena launch; staking rewards from game fees	Gaming token hype cycles; low liquidity vs. fully diluted valuation
73	MNDE	119	WATCH	$0.04	$10M	$13M	546.4M	700.0M	1.0B	78%	1.3x	Solana staking growth & mSOL adoption; upcoming dual-governance upgrade	Competition from JitoSOL & liquid staking protocols; Solana network risk
74	KCS	119	WATCH	$10.5	$1.1B	$1.1B	134.7M	142.2M	∞	95%	1.1x	KuCoin trading volume recovery; 20% profit buyback & burn mechanism	Regulatory crackdowns (US/China); exchange hacks & delisting risks
75	STX	118	WATCH	$0.25	$449M	$1.5B	1.8B	1.8B	∞	100%	3.3x	Nakamoto upgrade enabling Bitcoin finality; sBTC bringing Bitcoin liquidity to DeFi	Bitcoin L2 narrative crowded; TVL tiny; sBTC adoption limited by complexity
76	WOO	118	WATCH	$0.02	$33M	$33M	1.9B	1.9B	3.0B	100%	1.0x	WOO X exchange expansion & zero-fee model; staking yield from rebates	Low trading volume vs. Binance/Bybit; token unlock dilution from treasury
77	IMX	117	WATCH	$0.17	$139M	$346M	842.4M	2.0B	2.0B	42%	2.5x	Gods Unchained, Guild of Guardians, and 300+ game titles on IMX; Polygon zkEVM partnership and gaming bull cycle	45% supply still opening (team/investor vesting through 2027), gaming crypto narrative fickle, competition from Ronin and Arbitrum Orbit
78	XMR	117	WATCH	$118.7	$7.0B	$7.0B	18.4M	18.4M	∞	100%	1.0x	Privacy demand post-BTC ETF; mandatory ring signatures upgrade in 2025	Global regulatory bans (e.g., UAE, Japan); exchange delistings reduce liquidity
79	STG	117	WATCH	$0.17	$20M	$20M	117.8M	117.8M	1.0B	100%	1.0x	Stargate V2 launch with unified liquidity; LayerZero airdrop boost to TVL	Bridge hacks (e.g., Multichain precedent); declining cross-chain activity
80	JOE	117	WATCH	$0.04	$17M	$21M	403.6M	499.7M	500.0M	81%	1.2x	Avalanche liquidity incentives & Boosted Pools; launch on Ethereum L2s	DEX competition (Trader Joe vs. Uniswap/Aave); Avalanche system slowdown
81	APT	116	WATCH	$0.95	$785M	$8.7B	819.6M	1.2B	2.1B	68%	11.1x	Microsoft partnership for AI on Aptos; strong Move system crossover with Sui	Only 27% of tokens in circulation; heavy VC and team allocations opening through 2028 create massive sell pressure
82	GNS	116	WATCH	$0.52	$12M	$52M	24.2M	24.2M	∞	100%	4.5x	gTrade v10, RWA/forex expansion (270+ markets), DEGEN markets, staking v2	Hyperliquid 73% share vs GNS declining, Bitget delisted, $113K daily volume = liquidity risk
83	QNT	116	WATCH	$79.68	$1.2B	$1.2B	14.5M	14.6M	14.6M	100%	1.0x	Overledger enterprise partnerships (e.g., Oracle, SIA); ISO 20022 compliance	Centralized token supply; slow real-world adoption vs. Hyperledger/Corda
84	S	115	WATCH	$0.05	$172M	$268M	3.8B	3.9B	∞	97%	1.6x	Andre Cronje-led DeFi system expansion; Sonic Gateway bridge to Ethereum and fee sharing with apps going live	Heavy token unlocks (46% remaining), FTM rebrand legacy bagholders exiting, competing with mature EVM L2s
85	ONDO	115	WATCH	$0.44	$2.0B	$3.6B	4.9B	10.0B	10.0B	49%	1.8x	DTCC production trades July 2026, fee switch vote H2 2026, SEC probe closed	Zero token revenue, 57.79% holder concentration, relentless open dilution through 2028
86	CFG	115	WATCH	$0.28	$164M	$193M	577.2M	680.0M	∞	85%	1.2x	RWA tokenization growth (e.g., Tinlake loans); Centrifuge integration with MakerDAO	Credit default risk on underlying assets; low liquidity vs. Ondo/Maple
87	KAS	114	WATCH	$0.03	$909M	$1.0B	27.4B	27.5B	28.7B	100%	1.1x	KRC-20 token standard driving on-chain activity; Kaspa smart contracts (kSMT) roadmap could expand system significantly	No smart contracts or DeFi, pure PoW L1 with no fee revenue model; speculation-driven price with mining inflation
88	ADA	113	WATCH	$0.25	$8.9B	$36.9B	37.0B	45.0B	45.0B	82%	4.1x	Midnight privacy sidechain launch; Hydra scaling reaching mainnet	Perpetual under-delivery on roadmap; DeFi system far behind competitors; declining developer mindshare
89	HBAR	112	WATCH	$0.09	$3.8B	$4.4B	43.4B	50.0B	50.0B	87%	1.2x	Hedera Council enterprise adoption (Google, IBM); smart contract 2.0 upgrade	Centralized governance criticism; low DeFi TVL vs. Solana/Ethereum
90	TNSR	112	WATCH	$0.04	$13M	$38M	334.6M	1.0B	1.0B	33%	3.0x	Tensor's NFT marketplace dominance on Solana; potential airdrop/staking utility for TNSR.	Declining Solana NFT volumes; competition from Magic Eden and Blur.
91	GRASS	111	WATCH	$0.40	$345M	$426M	587.1M	1.0B	1.0B	59%	1.2x	AI data demand driving bandwidth purchases; Grass Layer 2 network launch creating structured data products for AI training	89.2% down from ATH; only 38% circulating with heavy VC/team unlocks; business model legality of bandwidth resale uncertain
92	YFI	111	WATCH	$2,513	$89M	$91M	35.7K	36.7K	36.7K	97%	1.0x	Yearn V3 vaults with pluggable strategies and yETH staking product	TVL in secular decline; protocol revenue fell 70%+ in 2024; no new growth narrative
93	FTM	111	WATCH	$0.70	$172M	$176M	3.8B	3.9B	∞	97%	1.0x	Sonic upgrade (Fantom) promises faster finality and EVM compatibility; system migration.	Delays in Sonic mainnet launch; low TVL vs. rival L1s; reliance on DeFi revival.
94	TON	110	WATCH	$1.67	$4.5B	$8.6B	2.7B	5.2B	∞	52%	1.9x	GRAM rebrand Jun 15, TON Teleport BTC bridge, TON Pay 2.0, MTONGA steps 5-7, Stars-to-TON fiat onramp	Believers $61M/mo unlocks (27mo left), 1.08B frozen wallets unfreeze Feb 2027, Durov 12 charges, 85% whale concentration, zero protocol revenue
95	MATIC	110	WATCH	$0.32	$982M	$3.2B	10.6B	10.6B	∞	100%	3.3x	Full POL migration completion resolving dual-token confusion	Token fully replaced by POL; holding MATIC requires migration action; low liquidity post-transition
96	KNC	110	WATCH	$0.15	$25M	$35M	170.2M	241.0M	252.3M	71%	1.4x	KyberSwap Elastic and DEX aggregator growth; fee sharing via KNC staking.	Intense DEX aggregator competition (1inch, ParaSwap); low protocol revenue.
97	FET	109	WATCH	$0.22	$525M	$2.2B	2.3B	2.7B	2.7B	83%	4.1x	ASI Alliance AI marketplace revenue; partnerships with major AI labs	Merger integration complexity; AI narrative may be priced in; actual AI revenue de minimis
98	DYDX	109	WATCH	$0.15	$127M	$514M	839.6M	958.3M	1.0B	88%	4.0x	dYdX v4 fee distribution to stakers; multi-asset perp expansion; institutional market maker onboarding	99.5% below ATH; only 52% circulating with multi-year vesting ongoing; Hyperliquid and GMX eating market share; dYdX chain bootstrapping uncertain
99	BICO	109	WATCH	$0.03	$19M	$26M	718.0M	1.0B	1.0B	72%	1.4x	Account abstraction adoption via Biconomy SDK; partnerships with major dApps.	Slow enterprise adoption; reliance on Ethereum L2 fee markets; token inflation.
100	IO	108	WATCH	$0.15	$52M	$122M	333.5M	800.0M	800.0M	42%	2.4x	AI compute demand boom driving GPU marketplace utilization; IO Cloud enterprise partnerships expanding real revenue	Only 18% circulating; 82% supply open over 3 years creates structural sell pressure; competing with Akash, Render, and centralized clouds
101	PERP	108	WATCH	$0.13	$2M	$3M	72.6M	150.0M	150.0M	48%	2.1x	Perpetual Protocol v2 (Curie) on Optimism; growing perp DEX volumes.	Competition from GMX, dYdX, and Synthetix; low liquidity vs. centralized exchanges.
102	STORJ	108	WATCH	$0.10	$14M	$42M	143.8M	425.0M	∞	34%	3.0x	Decentralized storage demand from AI/enterprise; Storj node network expansion.	Competition from Filecoin, Arweave; limited token utility beyond storage payments.
103	ALCX	108	WATCH	$5.50	$11M	$13M	2.5M	3.2M	∞	80%	1.3x	Self-repaying loans via Alchemix V3; yield optimization on multiple chains.	Smart contract risk from complex DeFi strategies; low TVL and user adoption.
104	OM	108	WATCH	$0.50	-	$54M	-	7.2B	∞	-	-	MANTRA Chain RWA tokenization focus; regulatory compliance and institutional partnerships.	Slow RWA market growth; competition from Ondo, Centrifuge; low liquidity.
105	XLM	108	WATCH	$0.15	$4.9B	$7.4B	33.5B	50.0B	∞	67%	1.5x	Stellar's cross-border payment partnerships (e.g., MoneyGram); Soroban smart contract launch.	Slow payment adoption vs. XRP; limited DeFi system; regulatory uncertainty.
106	EIGEN	107	WATCH	$0.20	$188M	$1.0B	741.2M	1.8B	∞	41%	5.5x	EIGEN slashing activation enabling real AVS security; programmatic incentives attracting AVS launch	Only 18% circ/FDV; massive insider and foundation unlock schedule; restaking narrative fading; minimal fee accrual to EIGEN token
107	PYTH	107	WATCH	$0.04	$319M	$420M	7.9B	10.0B	10.0B	79%	1.3x	PYTH used as fee token for Pyth Entropy; expansion into real-world asset price feeds	Only 34.5% circulating; Pyth Foundation holds enormous unlocked reserves; oracle services mostly free creating no PYTH demand; Chainlink still dominant
108	VELA	107	WATCH	$0.01	$750,000	$2M	50.0M	100.0M	100.0M	50%	2.0x	Vela Exchange perp DEX on Arbitrum; token buyback and burn mechanism.	Low trading volumes vs. GMX; reliance on Arbitrum system; token dilution.
109	GEL	107	WATCH	$0.02	$444,822	$663,537	282.0M	420.7M	420.7M	67%	1.5x	Web3 automation demand rising with modular blockchains; Gelato's middleware layer captures value across chains.	Competition from Chainlink Keepers and native rollup sequencers; token utility reliant on fee burn mechanism.
110	RUNE	106	PASS	$0.38	$129M	$137M	338.4M	354.2M	360.0M	96%	1.1x	v3.19 restart + Monero integration + Rujira app layer + Solana volume corridor	OFAC sanction risk from $1.2B Lazarus laundering. Third exploit = terminal. $200M lawsuit pending. TCY 10% revenue tax.
111	SSV	106	WATCH	$2.65	$38M	$182M	14.7M	14.7M	∞	100%	4.8x	Ethereum mainnet DVT adoption acceleration; SSV becoming required middleware for institutional stakers	Only 45% of supply circulating with multi-year vesting; SSV fee revenue extremely thin relative to token market cap
112	ZRO	106	WATCH	$1.30	$332M	$1.3B	252.3M	1.0B	1.0B	25%	3.9x	Zero L1 (Citadel/DTCC/ICE), uncertain after exploit	$292M exploit, $4B exodus, May 20 open (10% float), LayerZero admitted fault publicly
113	SLND	106	WATCH	$0.15	-	$16M	-	100.0M	100.0M	-	-	Solana system recovery and lending TVL growth; SLND stakers earn protocol revenue and boosted yields.	Solana network outages and dependency on SOL price; competing lending protocols like Marginfi and Kamino.
114	GTC	106	WATCH	$0.10	$8M	$10M	87.5M	100.0M	100.0M	87%	1.1x	Gitcoin's quadratic funding model gains traction for public goods; Allo Protocol expands grant infrastructure.	Governance token with limited direct value accrual; reliance on grants and donor participation sustainability.
115	THETA	105	WATCH	$1.02	$191M	$1.0B	1.0B	1.0B	1.0B	100%	5.3x	AI video inference use case on Theta Edge Network; enterprise streaming partnerships	93% below ATH with minimal recovery; centralized platforms (YouTube, Twitch) dominant; low DeFi usage
116	FXS	105	WATCH	$0.81	$82M	$81M	83.9M	100.0M	100.0M	84%	1.0x	Fraxchain L2 launch and frxUSD institutional adoption	FXS → FRAX token migration and veFXS overhaul create high dilution and uncertainty for existing holders
117	QUICK	105	WATCH	$0.01	$6M	$7M	766.2M	928.9M	1.0B	82%	1.2x	Polygon zkEVM migration and DEX volume growth; QuickSwap's Dragon’s Lair staking boosts yield demand.	Intense DEX competition on Polygon (Uniswap, Balancer); token inflation from staking rewards dilutes holders.
118	RPL	104	WATCH	$1.71	$38M	$52M	22.5M	22.5M	∞	100%	1.4x	Saturn upgrade enabling permissionless node operators and boosting capital efficiency	RPL tokenomics overhaul removed mandatory collateral; token has lost clear utility and value accrual mechanism
119	PENGU	104	WATCH	$0.01	$545M	$821M	62.9B	79.6B	88.9B	79%	1.5x	Abstract chain launch and Pudgy Penguins system expansion on Ethereum L2	Pure memecoin with zero revenue; fully diluted at launch means only speculative demand drives price
120	RDNT	104	WATCH	$0.00	$2M	$2M	1.3B	1.5B	1.5B	86%	1.2x	Omnichain lending expansion across Arbitrum, BSC, and Ethereum; LayerZero integration drives cross-chain TVL.	Smart contract risk from cross-chain bridging; high token emissions and potential for bad debt in volatile markets.
121	RON	104	WATCH	$0.85	$66M	$86M	772.4M	1.0B	1.0B	77%	1.3x	Axie Infinity and Sky Mavis game system growth; Ronin's fast, low-cost chain attracts Web3 gaming projects.	Centralized validator set and past bridge hack ($625M); gaming token demand tied to Axie's user retention.
122	MLN	104	WATCH	$1.98	$7M	$7M	3.3M	3.3M	∞	100%	1.0x	Institutional DeFi adoption via Enzyme's vault management; real-world asset tokenization integrations.	Low liquidity and niche user base; competition from Syndicate and other asset management protocols.
123	RSR	104	WATCH	$0.00	$103M	$165M	62.6B	100.0B	100.0B	63%	1.6x	Reserve Protocol's RTokens (e.g., eUSD) gain traction as decentralized stablecoins; overcollateralized design.	Regulatory scrutiny on stablecoins; RSR token value depends on staking demand and RToken adoption pace.
124	DOT	103	WATCH	$1.28	$2.1B	$6.8B	1.7B	1.7B	2.1B	100%	3.2x	JAM (Join-Accumulate Machine) upgrade modernizing parachain architecture	Parachain auctions discontinued; system fragmented; lost developer mindshare to Cosmos and Solana
125	CVX	103	WATCH	$1.71	$148M	$152M	90.4M	100.0M	100.0M	90%	1.0x	Curve system revival if stablecoin volumes recover	CVX value entirely derived from CRV bribe economics which are in secular decline; no independent utility
126	KLAY	103	WATCH	$0.13	$794M	$794M	6.3B	6.3B	∞	100%	1.0x	Klaytn's Finschia merger creates Asia's largest public chain; Korean regulatory clarity boosts enterprise adoption.	Centralized governance via Ground X (Kakao); slow DeFi system growth vs. Ethereum L2s.
127	KSM	103	WATCH	$4.74	$87M	$87M	18.3M	18.3M	∞	100%	1.0x	Polkadot parachain auctions and cross-chain interoperability; Kusama as experimental sandbox for new dApps.	High inflation from parachain rewards; limited DeFi TVL and developer activity vs. Ethereum system.
128	SHDW	103	WATCH	$0.10	$4M	$4M	169.1M	169.1M	∞	100%	1.0x	GenesysGo storage demand from Solana system growth and potential SHDW token utility expansion.	Dependence on Solana network health and competition from other decentralized storage solutions.
129	LTC	102	WATCH	$53.37	$4.0B	$8.2B	77.2M	77.2M	84.0M	100%	2.0x	Spot LTC ETF application in pipeline; halving supply cut in August 2023	Zero DeFi system; payment use case obsoleted by stablecoins; declining relevance
130	SCROLL	102	WATCH	$0.32	$8M	$320M	190.0M	1.0B	1.0B	19%	39.5x	ZK proof generation cost reductions enabling Scroll to undercut Arbitrum/Optimism on fees at scale	Only 19% circulating; EVM-equivalence not enough to differentiate; TVL stagnant vs Base which dominates mindshare
131	ICP	102	WATCH	$2.67	$1.5B	$1.4B	553.0M	553.0M	∞	100%	0.9x	Bitcoin integration and ckBTC enabling ICP as BTC L2; AI smart contract canister adoption	Ongoing NNS-controlled ICP minting (inflation); 53% supply not yet in circulation; 99.6% below launch price; complex tech with thin real-world adoption
132	CRO	102	WATCH	$0.07	$3.1B	$6.7B	44.8B	98.7B	100.0B	45%	2.2x	Crypto.com exchange user growth and staking rewards from card program and system expansion.	Regulatory scrutiny on exchange operations and tokenomics dilution from high supply inflation.
133	TRU	102	WATCH	$0.00	$1M	$1M	1.3B	1.3B	∞	100%	1.0x	TrueFi uncollateralized lending adoption in DeFi, attracting institutional borrowers and lenders.	Default risk on uncollateralized loans and regulatory uncertainty around decentralized credit protocols.
134	APE	102	WATCH	$0.13	$133M	$133M	1.0B	1.0B	1.0B	100%	1.0x	Yuga Labs system expansion, including Otherside metaverse and new NFT collections driving demand.	Declining NFT market sentiment and governance fragmentation among ApeCoin DAO stakeholders.
135	FIL	101	WATCH	$0.98	$764M	$6.3B	783.7M	2.0B	∞	40%	8.2x	AI data storage demand; Filecoin Virtual Machine (FEVM) DeFi expansion	FDV is 2x+ circulating cap with large future unlocks; centralized alternatives cheaper; slow user growth
136	ZEC	101	WATCH	$627.05	$10.4B	$1.3B	16.7M	16.7M	21.0M	100%	0.1x	ZEC halving reduced miner emissions; ECC focus on proof-of-stake transition and shielded transaction growth	Regulatory delistings accelerating; most ZEC transactions are transparent not shielded; Monero preferred by privacy community; ECC funding concerns
137	VET	101	WATCH	$0.01	$575M	$580M	86.0B	86.0B	86.7B	100%	1.0x	VeChain Thor VIP-220 fee model and Walmart China + DNV GL partnerships provide steady enterprise demand	Enterprise blockchain market shrinking vs. private chains; dual token (VET+VTHO) model adds complexity with minimal speculative upside
138	ATH	101	WATCH	$0.01	$121M	$252M	20.1B	42.0B	42.0B	48%	2.1x	Aethir decentralized GPU compute demand from AI and gaming sectors, with enterprise partnerships.	Competition from centralized cloud providers and technical challenges in node network reliability.
139	ILV	101	WATCH	$4.26	$35M	$41M	8.3M	9.6M	∞	86%	1.2x	Illuvium game launch and cross-game asset utility within its fantasy RPG system.	Delayed game releases and low player retention in competitive blockchain gaming market.
140	MC	101	WATCH	$0.12	$190,915	$190,915	11.9M	11.9M	11.9M	100%	1.0x	Merit Circle/Beam gaming guild expansion and token utility in partner games and metaverse projects.	Dependence on volatile play-to-earn game economies and potential guild token devaluation.
141	DASH	101	WATCH	$43.69	$559M	$559M	12.7M	12.7M	18.9M	100%	1.0x	Dash payment adoption in emerging markets and InstantSend feature for merchant use cases.	Fierce competition from faster payment coins and declining development activity relative to peers.
142	GMT	101	WATCH	$0.01	$34M	$55M	3.1B	5.1B	6.0B	61%	1.6x	STEPN move-to-earn app user growth and token burn mechanisms from in-app spending.	Unsustainable tokenomics and user fatigue from declining reward rates in fitness apps.
143	AUDIO	101	WATCH	$0.02	$28M	$28M	1.4B	1.4B	∞	100%	1.0x	Audius decentralized music streaming platform growth and artist tokenization partnerships.	Low mainstream adoption versus centralized streaming giants and content moderation challenges.
144	SEI	100	WATCH	$0.06	$420M	$2.1B	6.7B	10.0B	∞	67%	5.1x	Sei V2 parallel EVM adoption; partnerships with gaming and NFT platforms	Only 31% of tokens circulating with large team/VC unlocks through 2027; system tiny
145	CORE	100	WATCH	$0.04	$34M	$76M	1.1B	2.1B	2.1B	52%	2.3x	Non-custodial BTC staking via CORE allows BTC holders to earn yield, genuine demand driver if BTC bull continues	Only 40% of tokens circulating with massive unlock schedule ahead; token ATH 99.6% away; speculative overhang extreme
146	BADGER	100	WATCH	$0.80	$8M	$9M	19.9M	21.0M	21.0M	95%	1.1x	Bitcoin DeFi expansion via eBTC and ibBTC; growing TVL in BTC-pegged yield strategies.	Dependence on Bitcoin L2 adoption; competition from Rootstock and Stacks for BTC DeFi.
147	USUAL	99	PASS	$0.07	$24M	$260M	1.8B	1.8B	3.0B	98%	10.7x	USD0++ liquid staking recovery and new RWA yield products bringing TVL back above $500M	USD0++ depeg incident in Jan 2025 destroyed trust; USUAL token hyperinflation via revenue redistribution model; TVL down 80%+ from peak
148	API3	99	PASS	$0.34	$46M	$34M	142.4M	169.6M	∞	84%	0.7x	OEV Network capturing MEV from oracle updates and redistributing to dApps	Chainlink's dominance in integrations makes API3 a distant second-choice for most protocols
149	FLR	99	PASS	$0.01	$709M	$870M	86.3B	105.9B	∞	81%	1.2x	F-Assets minting launch and FTSO data feeds enabling DeFi on Flare; Google Cloud partnership.	Slow system growth and token inflation from ongoing airdrop distributions.
150	CFX	98	PASS	$0.06	$286M	$310M	5.2B	5.2B	∞	100%	1.1x	China digital economy policy tailwinds; partnerships with Shanghai government and state enterprises could drive domestic use	48% supply still opening, system entirely dependent on Chinese regulatory favor, no global DeFi adoption
151	MINA	98	PASS	$0.06	$72M	$158M	1.3B	1.3B	∞	100%	2.2x	Mina zkApps enabling privacy-preserving dApps; ZK proof technology is hot sector tailwind	~10% annual inflation from staking; 99% below ATH; TVL near zero; ZK developer tooling complex limiting adoption
152	NMR	98	PASS	$8.16	$58M	$87M	7.0M	10.6M	11.0M	66%	1.5x	AI-driven hedge fund tournaments and Numerai's staking mechanism attracting data scientists.	Low retail adoption; tokenomics reliant on tournament participation, not broad utility.
153	HT	98	PASS	$0.35	$16M	$16M	109.4M	109.4M	500.0M	100%	1.0x	HTX exchange fee discounts and burn mechanisms; potential revival from Justin Sun's system.	Regulatory overhang from Huobi's past; centralized exchange risk and low trading volume.
154	IOTX	98	PASS	$0.00	$39M	$39M	9.4B	9.4B	10.0B	100%	1.0x	MachineFi and DePIN narrative; W3bstream mainnet for real-world device data verification.	Fragmented IoT blockchain competition; slow enterprise adoption and token supply dilution.
155	ALGO	97	PASS	$0.11	$995M	$1.2B	8.9B	8.9B	10.0B	100%	1.2x	ALGO as CBDC/institutional settlement layer; partnerships with FIFA and various governments	system traction has failed to materialise vs competitors; 97% below ATH; significant foundation unlocks ongoing; DeFi TVL minimal
156	COTI	97	PASS	$0.01	$35M	$35M	2.8B	2.8B	4.9B	100%	1.0x	Privacy-focused L2 using garbled circuits; upcoming Ethereum mainnet integration for confidential DeFi.	Technical complexity delaying mainnet; regulatory scrutiny on privacy protocols.
157	SKL	97	PASS	$0.01	$37M	$38M	6.1B	6.2B	7.0B	98%	1.0x	Zero-gas fee L2 scaling for gaming and metaverse; elastic sidechains with 2-second finality.	Intense L2 competition from Arbitrum and Optimism; limited dApp migration to SKALE.
158	ACH	97	PASS	$0.01	$32M	$99M	4.9B	15.3B	15.3B	32%	3.1x	Fiat-crypto on-ramp partnerships with Shopify and Visa; expanding merchant payment solutions.	Regulatory risk in cross-border payments; reliance on volatile crypto-fiat conversion volumes.
159	REQ	97	PASS	$0.06	$47M	$64M	744.3M	999.4M	1.0B	74%	1.3x	Decentralized invoicing and payment requests for DAOs and enterprises; multi-chain expansion.	Slow B2B adoption; competition from traditional fintech and newer blockchain payment rails.
160	RAD	97	PASS	$0.40	$15M	$30M	49.8M	100.0M	100.0M	50%	2.0x	Decentralized code collaboration for Web3 developers; ENS integration for on-chain identity.	Niche use case limited to crypto-native developers; competition from GitHub and Gitcoin.
161	ORDI	96	PASS	$4.12	$84M	$89M	21.0M	21.0M	∞	100%	1.1x	Bitcoin L2 narrative revival and any new Ordinals/BRC-20 hype cycle could spark short-term pump	Pure speculation, no protocol, no revenue, no utility; fully diluted at 21M supply; BRC-20 standard losing to Runes protocol
162	ANKR	96	PASS	$0.00	$47M	$47M	10.0B	10.0B	10.0B	100%	1.0x	Ankr AppChains gaining enterprise traction on BNB Chain system	ANKR token fails to capture meaningful value from RPC business; Alchemy and Infura dominate enterprise market
163	POOL	96	PASS	$0.15	$200,034	$278,893	7.2M	10.0M	10.0M	72%	1.4x	Vault growth and no-loss lottery adoption via Prize Savings Accounts on L2s	Regulatory risk as prize-linked savings may face securities classification
164	FLUX	96	PASS	$0.08	$33M	$33M	410.2M	410.3M	440.0M	100%	1.0x	Enterprise demand for decentralized cloud compute and GPU rental	Competition from AWS, Akash, and other established cloud providers
165	CTSI	96	PASS	$0.03	$27M	$29M	924.5M	1.0B	1.0B	92%	1.1x	Cartesi Rollups mainnet launch enabling Linux-based DApp development	Slow developer adoption vs. EVM-compatible L2s like Arbitrum/Optimism
166	ATOM	96	PASS	$1.74	$889M	$1.0B	510.6M	510.6M	∞	100%	1.2x	Tokenomics redesign RFP (9 proposals), SDK v0.54 shipping, IBC-Solana bridge Q2, PSS (ICS 2.0), Cosmoverse Nov 2026	Neutron left ICS, Noble exiting to EVM, Sei disabled IBC, $5.4M Gravity Bridge exploit, P/S 17,637x, unlimited supply with 7% inflation, named security in SEC v Binance/Coinbase
167	ZK	95	PASS	$0.02	$141M	$323M	9.7B	21.0B	21.0B	46%	2.3x	ZK Stack elastic chain system expansion and ZKsync native account abstraction adoption	Only 17% circulating supply with years of heavy unlocks ahead; TVL and developer activity abandoned after airdrop controversy
168	BAL	95	PASS	$0.97	$9M	$93M	64.6M	72.4M	96.2M	89%	10.2x	Balancer V3 relaunch with fee-switch and hooks architecture	BAL token buybacks via fee revenue are negligible vs inflation; veBAL bribe market in decline
169	ALPACA	95	PASS	$0.22	$118,164	$118,164	151.7M	151.7M	188.0M	100%	1.0x	Leveraged yield farming on BNB Chain with cross-chain expansion	Smart contract risk and liquidation cascades in volatile markets
170	YGG	95	PASS	$0.04	$28M	$38M	743.6M	1.0B	1.0B	74%	1.3x	Guild treasury growth and Web3 gaming adoption via scholarship model	Dependence on game token prices and play-to-earn sustainability
171	INV	95	PASS	$15	$9M	$9M	708.1K	727.0K	∞	97%	1.0x	DeFi lending protocol with DOLA stablecoin and fixed-rate loans	Historical exploit history and low liquidity relative to competitors
172	POLYX	95	PASS	$0.03	$72M	$72M	1.3B	1.3B	∞	100%	1.0x	Institutional security token issuance and regulatory compliance focus	Niche market adoption and slow STO volume growth
173	CELO	94	PASS	$0.08	$47M	$83M	600.7M	1.0B	1.0B	60%	1.8x	Full Ethereum L2 migration (Celo L2 live) enabling ETH composability and shared liquidity	99%+ down from ATH; minimal TVL ($42M); mobile DeFi thesis hasn't materialized; CELO inflation from staking rewards
174	GLMR	94	PASS	$0.01	$15M	$16M	1.1B	1.2B	∞	91%	1.1x	Polkadot parachain with full EVM compatibility and cross-chain integrations	Dependence on Polkadot system growth and DOT staking demand
175	RLC	94	PASS	$0.43	$31M	$38M	72.4M	87.0M	87.0M	83%	1.2x	Decentralized cloud computing for AI/ML workloads and data privacy	Limited enterprise adoption vs. centralized cloud giants
176	MX	94	PASS	$2.80	$163M	$725M	91.8M	409.0M	∞	22%	4.5x	MEXC exchange token with fee discounts, launchpad access, and buyback	Centralized exchange regulatory crackdown and token concentration risk
177	CKB	93	PASS	$0.00	$68M	$69M	48.8B	49.6B	∞	98%	1.0x	RGB++ protocol bridges BTC assets natively to CKB; rising Bitcoin L2 narrative could drive attention	Tiny TVL, low volume, minimal developer activity, depends entirely on Bitcoin L2 narrative which is crowded
178	STRK	93	PASS	$0.04	$254M	$427M	6.3B	10.0B	10.0B	63%	1.7x	Starknet v0.13+ performance upgrades reducing fees; Cairo language adoption for AI and gaming use cases	Only 20% circulating; StarkWare holds massive allocation being unlocked; TVL and activity near zero relative to potential
179	1INCH	93	PASS	$0.09	$126M	$139M	1.4B	1.5B	1.5B	94%	1.1x	1inch Fusion+ cross-chain swap protocol gaining traction	Aggregator margins are structurally thin; token provides no fee accrual and governance is low engagement
180	BONK	93	PASS	$0.00	$524M	$582M	87994.7B	87994.7B	87995.3B	100%	1.1x	Solana meme coin season; BonkBot Telegram trading bot generating real fee revenue; BONK burn events	Zero protocol revenue; 32% supply still to emit; purely sentiment-driven; rapid 90%+ drawdowns in bear markets; infinite meme competition
181	OSMO	93	PASS	$0.06	$41M	$84M	774.9M	978.7M	1.0B	79%	2.1x	Superfluid staking and concentrated liquidity pools may attract TVL back to Cosmos hub	Token inflation ~25% annually crushes real returns; IBC system losing ground to Solana and L2s
182	PROP	93	PASS	$0.35	$19M	$33M	57.9M	100.0M	100.0M	58%	1.7x	Real-world asset tokenization via PropyKeys; on-chain home sales and title deeds.	Low liquidity and volume; niche market dependent on real estate adoption cycles.
183	FARM	93	PASS	$6.58	$4M	$5M	672.2K	690.4K	690.4K	97%	1.0x	Yield optimization strategies on multiple chains; auto-compounding vaults attract TVL.	Smart contract exploit risk; declining yields reduce incentive to stake.
184	MOBILE	92	PASS	$0.00	$9M	$25M	89.3B	230.0B	∞	39%	2.7x	Helium Mobile subscriber growth triggering Data Credit burn that accrues to MOBILE holders via HNT conversion	96% down from ATH; micro-cap with near-zero trading volume; entire value dependent on HNT system success and carrier partnerships
185	W	92	PASS	$0.01	$71M	$1.1B	5.9B	10.0B	10.0B	59%	15.7x	W as fee token for Wormhole messaging; NTT standard adoption by top protocols	Only 18% circulating (FDV ~$1.1B vs $200M market cap); massive insider dilution coming; bridge revenue does not accrue to W token holders
186	PEPE	92	PASS	$0.00	$1.5B	$1.6B	420690.0B	420690.0B	420690.0B	100%	1.1x	Ethereum bull market amplification; PEPE as ETH meme equivalent to DOGE on BTC; high CEX liquidity	Zero protocol revenue or utility; 6% supply still to open from deployer wallet; pure sentiment asset; rapid drawdowns in risk-off environments
187	MBOX	92	PASS	$0.01	$6M	$6M	550.3M	550.3M	1.0B	100%	1.0x	Gaming system expansion on BNB Chain; new game launches and NFT staking rewards.	Play-to-earn model fatigue; user retention drops if token rewards diminish.
188	HOPR	92	PASS	$0.03	$14M	$14M	665.9M	689.1M	1.0B	97%	1.0x	Privacy mixnet for metadata protection; growing demand for on-chain privacy tools.	Regulatory scrutiny on privacy protocols; limited mainstream user adoption.
189	SNT	92	PASS	$0.03	$37M	$63M	4.0B	6.8B	∞	58%	1.7x	Decentralized messenger with integrated dApp browser; Ethereum system utility.	Competition from Signal/Telegram; slow feature updates and low daily active users.
190	ALPHA	91	PASS	$0.01	$9M	$9M	9.9M	10.0M	10.0M	99%	1.0x	Venture DAO funding early-stage DeFi projects; alpha access to token launches.	High volatility from illiquid venture positions; lock-up periods limit exit.
191	POND	91	PASS	$0.00	$23M	$28M	8.2B	10.0B	10.0B	82%	1.2x	Layer-0 scaling for DeFi nodes; Marlin's Oyster network reduces latency.	Competition from other L0 protocols (e.g., Avail); low developer traction.
192	TRB	90	PASS	$17.39	$49M	$50M	2.8M	2.9M	∞	98%	1.0x	Decentralized oracle with dispute mechanism; high staking rewards attract validators.	Low market cap oracle; liquidity fragmentation vs Chainlink dominance.
193	CELR	90	PASS	$0.00	$14M	$25M	5.6B	10.0B	10.0B	56%	1.8x	Celer's cBridge and Layer2 rollups; cross-chain interoperability for Ethereum and beyond.	Bridge security incidents; competition from Stargate and LayerZero.
194	NANO	90	PASS	$0.35	$57M	$57M	133.2M	133.2M	133.2M	100%	1.0x	Feeless, instant transactions via DAG; ideal for micropayments and remittances.	Low adoption for payments; no smart contracts limit utility beyond transfers.
195	ETC	90	PASS	$8.83	$1.4B	$1.4B	156.6M	156.6M	210.7M	100%	1.0x	PoW narrative revival; potential ETF speculation as Bitcoin alternative.	Low developer activity vs. ETH; 51% attack history concerns.
196	WLD	89	PASS	$0.28	$1.1B	$2.9B	3.4B	10.0B	10.0B	34%	2.6x	World App user growth; WLD as identity layer for AI agent verification	Only 16.5% circulating with huge team/investor unlocks; biometric data privacy lawsuits in EU/Korea; zero protocol revenue; FDV ~$3.1B
197	DOGE	89	PASS	$0.10	$15.6B	$29.1B	154.4B	154.4B	∞	100%	1.9x	Elon Musk DOGE government department association; X payments integration rumors	5 billion new DOGE minted annually with zero cap; zero fundamental value creation
198	ALICE	89	PASS	$0.10	$12M	$12M	99.4M	99.4M	100.0M	100%	1.0x	Land sale and in-game economy expansion on Binance Smart Chain.	Low daily active users; metaverse hype fading.
199	XTZ	88	PASS	$0.35	$360M	$334M	1.1B	1.1B	∞	98%	0.9x	Tezos institutional tokenization (Bond i by SocGen) and RWA focus may sustain niche enterprise use	No meaningful DeFi system, developer exodus, volume near all-time-lows, token has no value accrual mechanism
200	FLOKI	88	PASS	$0.00	$281M	$298M	9652.1B	10000.0B	10000.0B	97%	1.1x	Valhalla P2E game launch traction; FLOKI ETF filings in Asia; aggressive marketing campaigns	91% below ATH; Valhalla game has not achieved meaningful player base; FLOKI brand tied to Elon Musk tweet cycles; meme coins face existential narrative rotation risk
201	WIF	88	PASS	$0.19	$191M	$200M	998.9M	998.9M	998.9M	100%	1.0x	Solana meme season; WIF cultural staying power as top-tier Solana native meme coin	95% below ATH with no fundamental floor; zero utility, revenue, or burn; meme cycles short; fully diluted supply means no open upside
202	PEAQ	88	PASS	$0.00	$73M	$150M	2.1B	4.4B	5.7B	48%	2.1x	DePIN system growth; real-world asset tokenization partnerships.	Early-stage adoption; competition from IoT blockchains like Helium.
203	HIGH	88	PASS	$0.16	-	$16M	-	100.0M	100.0M	-	-	Retail metaverse integration with real-world brand partnerships.	Low liquidity; reliance on sustained metaverse interest.
204	SXP	88	PASS	$0.00	$321,230	$321,230	673.4M	673.4M	∞	100%	1.0x	Solar blockchain upgrades; cross-chain DeFi and payment adoption.	Regulatory uncertainty in payments; low system TVL.
205	DENT	88	PASS	$0.00	$4M	$4M	95.7B	100.0B	∞	96%	1.0x	Global mobile data marketplace expansion; telco partnerships.	Regulatory hurdles in telecom; token inflation from high supply.
206	BLAST	87	PASS	$0.00	$29M	$47M	62.1B	100.0B	100.0B	62%	1.6x	Blast Big Bang system revival if native yield products attract real users beyond yield chasers	98.4% down from ATH; only 25% circulating with years of unlock pressure; yield farming narrative is played out
207	LEVER	87	PASS	$0.00	$4M	$4M	35.0B	35.0B	35.0B	100%	1.0x	Leveraged yield farming on Arbitrum; cross-chain expansion.	Smart contract risk; liquidation cascades in volatile markets.
208	NOS	86	PASS	$0.08	$38M	$38M	100.0M	100.0M	100.0M	100%	1.0x	Decentralized GPU compute for AI inference; Solana integration.	Competition from Filecoin and Akash; hardware supply constraints.
209	GOG	86	PASS	$0.02	$2M	$3M	800.1M	1.0B	1.0B	80%	1.2x	Mobile game launch on Immutable zkEVM; guild partnerships.	Delayed game releases; low retention in play-to-earn models.
210	AGLD	86	PASS	$0.23	$20M	$22M	87.4M	92.8M	96.0M	94%	1.1x	Loot NFT system revival; DAO treasury management.	Niche community; limited utility beyond governance.
211	CANTO	86	PASS	$0.01	$745,250	$1M	608.5M	1.0B	∞	61%	1.6x	Free public goods funding via revenue from DeFi protocols on Canto L1.	Low liquidity and limited dApp system relative to larger L1s.
212	EGLD	85	PASS	$4.05	$117M	$108M	30.0M	30.0M	∞	100%	0.9x	xExchange DEX and xFabric institutional suite could generate modest fee revenue	99%+ ATH drawdown, tiny TVL, system relies on local Romanian community, no global developer mindshare
213	ROSE	84	PASS	$0.01	$74M	$102M	7.7B	10.0B	10.0B	77%	1.4x	Oasis Sapphire confidential EVM ParaTime could attract privacy-sensitive DeFi as MEV concerns grow	Large unreleased supply (43% locked), near-zero TVL, privacy narrative crowded by Aztec and ZK solutions
214	BLUR	84	PASS	$0.02	$63M	$68M	2.8B	3.0B	3.0B	94%	1.1x	NFT market revival in a bull cycle could briefly spike BLUR trading volumes	Only 38% circulating with massive team/investor unlock schedule; NFT volumes down 90%+ from 2022 peak
215	FORTH	84	PASS	$0.24	$2M	$3M	10.7M	15.3M	∞	70%	1.4x	Governance of Ampleforth's elastic supply protocol and potential rebasing yield.	Elastic supply model creates unpredictable token supply and user adoption challenges.
216	MASK	82	PASS	$0.47	$45M	$47M	100.0M	100.0M	100.0M	100%	1.0x	X (Twitter) and Farcaster integrations driving decentralized social narrative	Product-market fit never proven; large outstanding supply unlocks from team and investors
217	BOND	82	PASS	$2.15	$284,192	$284,192	10.0M	10.0M	10.0M	100%	1.0x	Risk tokenization and fixed-income products on BarnBridge for institutional DeFi.	Regulatory scrutiny on structured DeFi products and low trading volume.
218	WAXP	81	PASS	$0.01	$28M	$28M	4.6B	4.6B	∞	100%	1.0x	Leading blockchain for NFT gaming and digital collectibles with low fees.	Dependence on gaming trends and competition from other gaming chains.
219	KAVA	80	PASS	$0.06	$63M	$65M	1.1B	1.1B	∞	100%	1.0x	KAVA tokenomics revamp and bridge improvements could attract more EVM DeFi liquidity	TVL stagnant, no meaningful protocol revenue, competition from native Cosmos and EVM L2s is intense
220	PRCL	80	PASS	$0.02	$6M	$12M	452.7M	1000.0M	1.0B	45%	2.2x	Real estate price index derivatives on Parcl for synthetic property trading.	Oracle reliability and low liquidity in niche real estate DeFi market.
221	FLOW	78	PASS	$0.04	$57M	$145M	1.7B	1.7B	∞	100%	2.6x	Flow EVM compatibility could attract new DeFi developers; Dapper Labs has institutional relationships	Core NFT use case (TopShot) declined 95%+ in volume; Dapper Labs laid off 20%+ staff; limited DeFi TVL
222	LRC	78	PASS	$0.02	$20M	$26M	1.2B	1.4B	1.4B	91%	1.3x	ZK-rollup technology still valid; Loopring 3.9 improvements could improve throughput for order-book DEX use case	Binance delisted LRC (stale data), negligible TVL vs. competing L2s, GameStop NFT marketplace shut down, no system growth
223	IOTA	78	PASS	$0.06	$254M	$162M	4.4B	4.9B	∞	91%	0.6x	IOTA 2.0 decentralized protocol (no coordinator) finally live; Assembly smart contract layer in development	Zero smart contract activity, no DeFi TVL, IoT machine-economy thesis never materialized, fully diluted supply already in circulation
224	IDEX	77	PASS	$0.00	$2M	$3M	676.0M	1.0B	1.0B	68%	1.5x	Hybrid DEX with order book and AMM, offering low-slippage trading.	Intense competition from larger DEXs and CEXs with deeper liquidity.
225	MANTA	76	PASS	$0.08	$36M	$81M	471.3M	1.0B	1.0B	47%	2.2x	Manta Pacific modular privacy layer adoption if privacy regulation becomes favorable	Down 97.4% from ATH; TVL evaporated; privacy narrative not resonating; team split between two chains diluting focus
226	AXS	76	PASS	$1.17	$197M	$323M	173.4M	270.0M	270.0M	64%	1.6x	Axie Infinity Origins gaining mainstream mobile adoption and classic Axie revival	AXS/SLP tokenomics were Ponzi-structural; 99.3% ATH drawdown reflects the model was never sustainable
227	BTT	76	PASS	$0.00	$316M	$317M	987037.9B	990000.0B	990000.0B	100%	1.0x	Decentralized file sharing and torrent incentives on BitTorrent Chain.	Limited DeFi utility and reliance on legacy BitTorrent user base.
228	MCB	76	PASS	$0.10	$5M	$6M	3.8M	4.8M	4.8M	79%	1.3x	MUX Protocol's leveraged trading aggregator with cross-chain perpetuals.	Smart contract risk and competition from GMX and other perp DEXs.
229	SUSHI	74	PASS	$0.21	$56M	$53M	273.0M	291.5M	∞	94%	1.0x	Sushi 2.0 multi-chain expansion and Trident AMM adoption	Persistent team turnover, governance dysfunction, and chronic underperformance vs Uniswap make this a structurally broken protocol
230	RVN	74	PASS	$0.01	$88M	$88M	16.3B	16.3B	21.0B	100%	1.0x	Asset issuance and tokenization on a proof-of-work blockchain for NFTs.	High energy use and regulatory risk for PoW assets post-merge.
231	NOT	73	PASS	$0.00	$47M	$497M	99.4B	102.5B	102.5B	97%	10.7x	TON system growth; Telegram gaming expansion	All users already rewarded; zero utility post-game; completely dependent on TON/Telegram narrative
232	BAND	73	PASS	$0.21	$35M	$21M	176.7M	176.8M	∞	100%	0.6x	Band V3 upgrade targeting cross-chain data availability	BAND has lost virtually all developer mindshare to Chainlink, Pyth, and API3; token near all-time lows in USD terms
233	POPCAT	73	PASS	$0.06	$54M	$56M	980.0M	980.0M	980.0M	100%	1.0x	Solana memecoin season revival in next bull market peak	All memecoins revert to near-zero in bear markets; POPCAT is already down 96.8% from ATH with no fundamental support
234	MODE	72	PASS	$0.01	$574,071	$110M	7.0B	10.0B	10.0B	70%	191.6x	AI agent integration on Mode as a DeFi coordination layer for autonomous financial agents	91% down from ATH; TVL declining; undifferentiated L2 in a crowded OP Stack system; heavy unlock schedule
235	SHIB	71	PASS	$0.00	$3.3B	$8.0B	589243.3B	589499.9B	∞	100%	2.4x	SHIB burn rate campaigns; Shibarium L2 activity spikes	Astronomical token supply; zero fundamental value; dev team anonymous; depends entirely on retail sentiment
236	NEO	68	PASS	$2.90	$198M	$291M	70.5M	100.0M	∞	71%	1.5x	Neo X EVM sidechain launched to attract Solidity developers; NeoFS decentralized storage could see enterprise use	Developer community minimal, China crypto regulations remain hostile, system produces GAS income but no protocol value accrual
237	RBN	68	PASS	$0.07	$2M	$65M	82.9M	1.0B	1.0B	8%	32.2x	Ribbon merged with Aevo exchange; AEVO token replaced RBN in many contexts	RBN is effectively a legacy token; Aevo DEX has its own AEVO token and RBN migration left holders stranded
238	SUPER	67	PASS	$0.12	$77M	$115M	640.2M	1.0B	1.0B	64%	1.5x	SuperVerse metaverse game launch attracting P2E players	Gaming/metaverse sector in prolonged bear market; no active games generating revenue; team credibility issues
239	MOVE	67	PASS	$0.02	$60M	$165M	3.8B	10.0B	10.0B	38%	2.7x	Move language adoption if Aptos/Sui success creates demand for Movement system	Market maker manipulation scandal in 2025 destroyed community trust; one of worst token performance records in top-200; near zero TVL
240	JASMY	67	PASS	$0.01	$272M	$287M	49.4B	50.0B	50.0B	99%	1.1x	Japanese regulatory clarity and domestic retail FOMO given Binance Japan listing	No on-chain revenue, no DeFi utility, massive remaining supply unlocks; purely narrative-driven with fading Japan narrative
241	MANA	66	PASS	$0.09	$167M	$195M	1.9B	2.2B	∞	88%	1.2x	Decentraland Foundation events and partnerships with legacy brands	Reported concurrent user counts in the hundreds; massive gap between market cap and actual usage is unsustainable
242	ZIL	63	PASS	$0.00	$75M	$84M	19.5B	20.5B	21.0B	95%	1.1x	Zilliqa 2.0 EVM upgrade could attract some EVM developers	Irrelevant tech, ghost system, near-zero TVL, no institutional interest
243	SPELL	63	PASS	$0.00	$26M	$34M	171.5B	196.0B	210.0B	88%	1.3x	Abracadabra's GLP-collateralized MIM vaults finding yield-bearing collateral niches	Abracadabra was associated with 0xSifu/Wonderland fraud; MIM depegged in 2022; trust permanently damaged
244	DOGS	62	PASS	$0.00	$27M	$243M	516.8B	550.0B	550.0B	94%	9.1x	TON system growth; Telegram integration announcements	Zero utility; airdrop recipients mostly dumped; no development activity; 74% below ATH
245	QTUM	61	PASS	$0.93	$95M	$100M	106.0M	107.8M	∞	98%	1.1x	None identifiable, chain is in maintenance mode with minimal development activity	Effectively dead system, volume at historical lows, no institutional interest, zero DeFi innovation
246	SAND	58	PASS	$0.05	$140M	$217M	2.7B	3.0B	3.0B	89%	1.6x	Sandbox NEXT mobile (UE5) full launch + SANDchain mainnet + Animoca Nasdaq Q3 2026	Animoca confirmed selling SAND pre-Nasdaq. Zero revenue. Zero burn. Zero staking. 333M SAND in insider wallets.
247	MEME	57	PASS	$0.01	$32M	$428M	63.3B	69.0B	69.0B	92%	13.4x	Meme season sentiment spikes; exchange listing surprises	Zero fundamental value; no protocol revenue; no utility; pure speculation with unfavorable risk/reward
248	NEIRO	56	PASS	$0.00	$39M	$620M	420.7B	420.7B	420.7B	100%	15.9x	Viral meme content cycles; celebrity mentions	Zero fundamental value; anonymous team; no roadmap; extreme pump-and-dump risk
249	GALA	53	PASS	$0.00	$155M	$120M	47.9B	47.9B	50.0B	100%	0.8x	Spider Tanks or Town Star gaining meaningful player base	Co-founder Eric Schiermeyer sued fellow co-founder for minting $130M in unauthorized GALA; trust permanently destroyed
250	KDA	50	PASS	$0.01	$3M	$6M	338.6M	338.6M	1.0B	100%	1.9x	Kadena SpireKey wallet and Marmalade NFT standard could attract niche developers	Near-zero TVL (<$500K), trading halted on Binance (data stale), PoW in 2026 is a liability not an asset
251	ONE	48	PASS	$0.00	$29M	$27M	14.9B	14.9B	∞	100%	1.0x	None, bridge hack compensation was never fully addressed; reputational damage is permanent	$100M bridge exploit in June 2022 uncompensated, developer exodus complete, TVL essentially zero

1HYPEBUY
193HOLD CORE
Price
$55.62
MCap
$12.4B
Circ%
22%
Catalyst 3 ETFs accumulating, HIP-3 RWAs ($62B/mo volume), Coinbase USDC partnership, a16z $322M accumulation, ICE CEO 'bigger than NASDAQ'
Risk Closed-source code, 22% circ w/ 428M S3 airdrop overhang, FCA unauthorized warning, JELLY exploit precedent (validators force-settled), Arthur Hayes $18M exit
2ETHBUY
187HOLD CORE
Price
$1,639.2
MCap
$197.8B
Circ%
100%
Catalyst Glamsterdam ePBS (Q3 2026), CLARITY Act (Jul 4 target), staking ETF expansion
Risk Burn collapsed (-71% post-Pectra), ETH/BTC 10mo low, 9 EF departures, identity crisis
3WSTETH
185HOLD CORE
Price
$2,560
MCap
$8.8B
Circ%
100%
Catalyst wstETH becoming default collateral across all major lending protocols; MakerDAO, Aave, Spark all natively integrated
Risk Lido centralization risk (32% of staked ETH); Ethereum validator concentration concerns; potential regulatory classification as security
4BTCBUY
183HOLD CORE
Price
$75,744.55
MCap
$1534.7B
Circ%
100%
Catalyst Spot ETF inflows accelerating past $120B AUM; multiple sovereign wealth funds entering
Risk Regulatory crackdown on self-custody; long-term quantum computing threat
5MKR
177HOLD CORE
Price
$1,813.7
MCap
$1.6B
Circ%
97%
Catalyst USDS supply doubling to $20.6B, SubDAO launches, Sky Agent Network
Risk MKR/SKY dual-token confusion, generic Sky rebrand, SubDAO dilution
6SOL
170HOLD
Price
$66.57
MCap
$48.7B
Circ%
92%
Catalyst Spot SOL ETF approval pipeline; Firedancer client going live increases throughput 10x
Risk Continued VC unlock pressure; centralization concerns with validator concentration
7GEODBUY
169HOLD
Price
$0.16
MCap
$71M
Circ%
46%
Catalyst Jun 30 2026 halving (12→6 GEOD/day) accelerates deflationary crossover, Japan/Iceland StableHex expansion (Jun 8), Binance listing 12-18mo (40-55% probability), humanoid robot positioning (Multicoin $8M thesis), GEODASH ag drone JV (Q3 2026 commercial)
Risk P/S 9.9-14.4x expensive vs Helium (3.1x) and Trimble (4.5x), FCC licensing gap for distributed RTK radio (individual operator licenses needed), no formal 99.9% SLA for enterprise customers, NVIDIA/humanoid robot connection is pure speculation (zero confirmed partnerships), 37.7% supply still locked with ongoing investor unlocks through 2029
8SYRUP
168HOLD
Price
$0.22
MCap
$228M
Circ%
93%
Catalyst $100M ARR target 2026, 25% revenue buybacks, institutional DeFi lending leader
Risk Credit default risk (2022 FTX/Alameda losses), Core Foundation injunction unresolved, ARR is projection not achieved
9UNIBUY
167HOLD
Price
$2.50
MCap
$1.6B
Circ%
71%
Catalyst Bitwise spot UNI ETF (pending SEC), fee switch expansion to 11+ chains, BlackRock BUIDL integration + UNI purchases, Unichain UVN validators, V4 hooks marketplace, SEC safe harbor (5yr), CLARITY Act advancing
Risk P/S 57-73x on actual protocol revenue ($26-61M not $1B), net inflationary +1.43%/yr (20M growth budget > 4.4M burns), $200M+ insider/VC selling in 2025, top 10 holders control 50.81%, Fluid took 55% stablecoin DEX share, aggregators route 50%+ of ETH volume
10COW
167HOLD
Price
$0.14
MCap
$79M
Circ%
58%
Catalyst Burn proposal (60-85M COW), chain expansion (10 chains), Aave integration, xStocks tokenized equities
Risk CoW AMM collapsed (-98% TVL), thin exchange volume ($138K/day), market share declining from peak, DNS hijack Apr 2026
11LINKBUY
165HOLD
Price
$7.79
MCap
$5.7B
Circ%
73%
Catalyst DTCC Collateral AppChain July test → Q4 production. CCIP v1.5 self-serve. Confidential Compute GA.
Risk 60-76M LINK/yr treasury dumps to Binance ($500M+/yr). Fees go to node ops, not LINK holders.
12ETHFI
162HOLD
Price
$0.38
MCap
$324M
Circ%
88%
Catalyst $50M buyback active (99% DAO approval), ETH staking ETF narrative, EtherFi Cash card
Risk token unlock to 2027, ETH price dependency, Lido competition (#1 LST)
13PENDLE
160HOLD
Price
$1.36
MCap
$232M
Circ%
61%
Catalyst Solana/Hyperliquid/TON chain expansion, Fortune 2026 list, Vietnam IFC delegation, 21Shares ETP (APEN) on SIX, Boros funding rate scaling, KYC Citadels + Shariah, one-click leveraged PTs, RWA $151M growing
Risk Revenue collapsed 87.6% from peak ($4.44M/mo→$552K/mo). TVL -91% from $13.4B. No max supply cap (perpetual 2% inflation). Team holds 15% circ (25.59M), consistently selling ($9.76M cumulative). Ethena 50-75% TVL concentration. Hayes partially exited.
14RETH
159HOLD
Price
$2,316.5
MCap
$810M
Circ%
100%
Catalyst Ethereum restaking demand and EigenLayer integration; Rocket Pool Saturn upgrade improving capital efficiency
Risk rETH carries smart contract risk and Rocket Pool slashing insurance risk; slower growth vs. Lido's dominant wstETH
15CBETH
158HOLD
Price
$2,395.82
MCap
$300M
Circ%
34%
Catalyst Coinbase institutional distribution gives cbETH unique access to TradFi investors; ETF integrations possible
Risk Fully custodial, Coinbase controls withdrawal keys; regulatory risk against Coinbase directly impacts token; lower yield than competitors
16AERO
157HOLD
Price
$0.43
MCap
$403M
Circ%
49%
Catalyst Base TVL growth and Coinbase system expansion driving sustained fee revenue above $1M/day peaks
Risk Velodrome V3 migration on Optimism could siphon developer mindshare; token inflation from emissions remains elevated
17MORPHO
157HOLD
Price
$1.92
MCap
$1.2B
Circ%
65%
Catalyst $175M raise (Jun 9) at $2B from model/a16z/Ribbit; Apollo 9% stake; Morpho Midnight fixed-rate launch; Coinbase $1.6B integration; RWA $820M
Risk Fee switch OFF with no governance proposal, $0 revenue to holders; 35% supply locked through 2028; founder opposes distribution; governance concentrated (>50% one wallet)
18AAVE
156HOLD
Price
$63.25
MCap
$960M
Circ%
96%
Catalyst V4 multi-chain expansion, Grayscale/Bitwise ETF filings, CLARITY Act DeFi safe harbor, Horizon $1B target
Risk KelpDAO bad debt resolution, Morpho $175M raise competitive threat, governance centralization (top 3 = 58% votes)
19LQTY
151HOLD
Price
$0.25
MCap
$25M
Circ%
99%
Catalyst V2 mainnet relaunch May 19 (remedial, not new), bribe market flywheel
Risk V2 is relaunch after failure, BOLD <0.01% stablecoin share, no LQTY buyback/burn, FIRM unverified
20JUP
151HOLD
Price
$0.15
MCap
$501M
Circ%
47%
Catalyst Net-zero emissions (Feb 2026), Securitize onchain equities LIVE, Jupiter Lend $2B+ TVL, Jupnet omnichain (testnet)
Risk Revenue -78% ($580M→$129M), buyback HALTED ($70M failed), LIBRA scandal, 72% whale concentration, Jupnet testnet only
21CETUS
147HOLD
Price
$0.03
MCap
$23M
Circ%
95%
Catalyst Sui TVL surging past $2B; CETUS as dominant liquidity layer capturing majority of Sui DEX volume
Risk Sui system concentration risk; hack/exploit history (2023 $22M exploit fully recovered); competition from Turbos/Aftermath
22SUI
146HOLD
Price
$1.05
MCap
$4.1B
Circ%
40%
Catalyst Dominant DEX volume growth; zkLogin adoption driving user onboarding; CETUS liquidity monopoly
Risk Only 33% of tokens in circulation; Mysten Labs/VC unlocks through 2028 create structural sell pressure
23LDO
146HOLD
Price
$0.35
MCap
$290M
Circ%
85%
Catalyst LDO fee switch enabling token buybacks or staker rewards expected Q3 2026
Risk Ethereum staking yield compression; regulatory risk on liquid staking; DVT transition diluting Lido moat
24OKB
145HOLD
Price
$52.5
MCap
$2.0B
Circ%
100%
Catalyst Q2 2025 OKX Layer 2 mainnet launch with OKB as gas token, driving buyback/burn utility.
Risk Regulatory crackdown on OKX by US or EU authorities could freeze token utility and trading.
25BNB
144HOLD
Price
$670.1
MCap
$88.7B
Circ%
100%
Catalyst Binance regulatory settlements complete; BNB Chain system expansion into Southeast Asia
Risk Binance regulatory tail risk remains; CZ plea deal overhang; centralized chain perception
26GMX
143HOLD
Price
$6.73
MCap
$66M
Circ%
100%
Catalyst 24/7 commodity perps (gold/silver/oil) live April 2026, $1.18B first-week volume, RWA expansion
Risk Sub-3% perp DEX share vs HYPE 70%, $90 reward open at $6.80 price, revenue was 3x overstated
27DRIFT
142HOLD
Price
$0.03
MCap
$23M
Circ%
61%
Catalyst Drift v3 cross-margin launch June 20, 2026
Risk VC open Sep 2026 (150M tokens), Solana network risk, competition from Zeta Markets
28PAXG
141HOLD
Price
$4,537
MCap
$2.1B
Circ%
100%
Catalyst Gold price rally above $2,500/oz in 2025 due to Fed rate cuts and geopolitical demand.
Risk Paxos trust company insolvency or loss of NYDFS BitLicense would break gold redemption peg.
29SKY
141CAUTIOUS HOLD
Price
$0.06
MCap
$1.3B
Circ%
99%
Catalyst Buyback restoration ~Nov 2026 when Solvency Reserve hits $125M (currently $70.6M). Revenue still growing (Q1 record $61M net). SSR cut improves margins. Remaining 3 Stars. S&P upgrade path. Obex Cohort 2.
Risk VALIDATED RISKS: Rune SPOF (80% governance, emergency proposals bypass process). Net inflationary ~4.4%/yr at current rates. Revenue $246M net but SKY captures only $97M (holders rev). TVL declining. NOT MiCA-compliant (Jul 2026 deadline). $756M USDC in unverifiable EOA. 35% of USDS is just wrapped USDC. All financials self-reported by Sky Foundation.
30CRV
140HOLD
Price
$0.23
MCap
$333M
Circ%
64%
Catalyst Yield Basis mainnet, crvUSD growth, 44% ETH DEX fee revenue share
Risk Egorov liquidated TWICE ($140M+), -96% from ATH, Uniswap V4 competition
31AR
140HOLD
Price
$14.5
MCap
$136M
Circ%
100%
Catalyst AO (Actor Oriented) parallel computing layer turning Arweave into compute network
Risk Storage endowment model relies on AR price assumptions; 83% below ATH; small system
32INJ
139CAUTIOUS HOLD
Price
$5.70
MCap
$564M
Circ%
100%
Catalyst Weekly INJ burn from protocol fees; derivatives DEX adoption from TradFi pairs
Risk Small system relative to Solana; derivatives DEX market dominated by centralized venues
33KMNO
138CAUTIOUS HOLD
Price
$0.01
MCap
$69M
Circ%
47%
Catalyst Lend V2 live, Anchorage tri-party custody, Bitwise $259M fund, Ethena $1B+ integration
Risk ZERO fee sharing, ZERO buyback, -94% ATH, 229M tokens/month opening, revenue declining -67%
34FLUID
138CAUTIOUS HOLD
Price
$1.09
MCap
$86M
Circ%
79%
Catalyst DEX v2 (volatile pairs + cross-margin). Solana DEX launch Q3 2026. Buyback restoration when treasury recovers. Venus Flux BNB growth. Jupiter Lend expansion on Solana.
Risk Revenue declining -63% ($15M peak → $5.6M run rate). Buybacks HALTED. TVL -92% from peak ($9.2B → $726M). Two security incidents in 2026 (Resolv $21M bad debt + Merkle key compromise $215K). Treasury depleted (~$5M liquid). 4-day disclosure delay on May incident. NOT on Binance.
35AVAX
138CAUTIOUS HOLD
Price
$6.71
MCap
$2.9B
Circ%
93%
Catalyst FIFA World Cup Jun 11 (60K+ blockchain txns already), Progmat $2B migration by end-Jun, Avalanche Summit V Sep 16-17 NYC, AVAX One Nasdaq $700M target
Risk Validator collapse -55% (1,465→656), net-inflationary (burns 0.13% vs 7.5% emissions), AWS hosts 67.4% of staked AVAX, price -95% from ATH despite strong fundamentals
36ENS
137CAUTIOUS HOLD
Price
$6.40
MCap
$252M
Circ%
40%
Catalyst ENS V2 L2 expansion driving registration volume surge
Risk Revenue concentrated in speculative domain registrations which can dry up in bear markets
37ACX
137CAUTIOUS HOLD
Price
$0.04
MCap
$29M
Circ%
70%
Catalyst Growing bridge volume, fee buyback mechanism, UMA system integration
Risk Intent-based competition (UniswapX), relayer centralization, low liquidity
38NEAR
135CAUTIOUS HOLD
Price
$2.66
MCap
$3.6B
Circ%
100%
Catalyst AI Confidential Intents LIVE (not Q3-Q4 future), revenue improving
Risk 32-38x P/S still expensive, $117M TVL vs $1.9B mcap gap
39BANANA
135CAUTIOUS HOLD
Price
$3.88
MCap
$15M
Circ%
48%
Catalyst Bull market retail FOMO driving Telegram bot volume spike; 1% fee on all trades with aggressive buyback
Risk Revenue collapses in bear markets; Unibot/Maestro competition fierce; no durable moat beyond brand
40BGB
135CAUTIOUS HOLD
Price
$5.20
MCap
$1.4B
Circ%
77%
Catalyst Bitget's planned BGB token burn event in June 2025, reducing supply by 5% (40M tokens).
Risk Bitget's proof-of-reserves audit reveals undisclosed liabilities, triggering a run on withdrawals.
41ARB
134CAUTIOUS HOLD
Price
$0.11
MCap
$672M
Circ%
63%
Catalyst BOLD dispute resolution upgrade; Stylus enabling Rust/C++ smart contracts expanding developer base
Risk 42% circulating with significant investor unlocks remaining; sequencer revenue not well-accrued to ARB token holders
42JTO
134CAUTIOUS HOLD
Price
$0.50
MCap
$237M
Circ%
48%
Catalyst JTO fee switch enabling staking rewards from MEV tips; Solana system continued growth
Risk No direct revenue accrual to JTO token yet; 91% below ATH; concentrated Solana system risk; a16z large token holder
43SAFE
132CAUTIOUS HOLD
Price
$0.15
MCap
$104M
Circ%
74%
Catalyst Fee switch or protocol revenue share activation by Safe DAO
Risk Token has no clear value accrual mechanism; Safe protocol revenues flow to contributors not token holders
44VIRTUAL
130CAUTIOUS HOLD
Price
$0.65
MCap
$427M
Circ%
66%
Catalyst Grayscale Q2 2026 consideration list; ERC-8183 co-authored with Ethereum Foundation; Revenue Network ACP scaling; multi-chain expansion to Solana/Arbitrum
Risk Revenue $8.9K/day (96% below peak); protocol retains only 30% of fees; 93% whale concentration; $1M/mo subsidy exceeds $428K/mo fees; top agents (AIXBT, Zerebro) left platform
45SNX
130CAUTIOUS HOLD
Price
$0.32
MCap
$109M
Circ%
100%
Catalyst sUSD repeg in ~6 weeks triggers 100% SNX buybacks, ETH mainnet CLOB launch
Risk Hyperliquid 70-80% market share dominance, $210M TVL vs HYPE $6.2B, broken sUSD peg
46RAY
129CAUTIOUS HOLD
Price
$0.76
MCap
$204M
Circ%
48%
Catalyst Solana memecoin cycle revival could 3-5x volume overnight
Risk PumpSwap directly forked revenue model, anonymous team, Q1 2026 revenue -76% from Q3 2025
47OLAS
129CAUTIOUS HOLD
Price
$0.78
MCap
$7M
Circ%
50%
Catalyst Olas Predict and Mechs gaining traction; first-mover in programmable AI agent services vs simple chatbot agents
Risk 91.6% down from ATH; Virtuals captured mainstream AI agent narrative; OLAS staking/locking mechanics complex for retail
48AKT
129CAUTIOUS HOLD
Price
$0.88
MCap
$266M
Circ%
99%
Catalyst GPU leasing demand from AI startups; confidential compute and persistent storage launches
Risk Actual AKT-denominated revenue remains modest; centralized clouds (AWS, Lambda) competing aggressively on price; token not required for marketplace use
49GNO
128CAUTIOUS HOLD
Price
$117.82
MCap
$309M
Circ%
88%
Catalyst Gnosis Pay card adoption and Gnosis Chain positioning as Ethereum's community L1
Risk Gnosis Chain has minimal DeFi activity vs Ethereum L2s; GNO value thesis relies on staking yield and Safe governance
50TAO
128CAUTIOUS HOLD
Price
$270.5
MCap
$2.7B
Circ%
46%
Catalyst Dtao subnet tokenization enabling sub-token economies; AI compute demand structurally growing
Risk No real revenue accrual to TAO; subnet quality highly variable; BTC-correlated with extra volatility; 44% supply still to emit
51RENDER
127CAUTIOUS HOLD
Price
$2.21
MCap
$1.2B
Circ%
97%
Catalyst AI inference demand for GPU compute; Solana migration reducing fees and increasing throughput
Risk Actual render network revenue tiny vs market cap; heavy dependence on AI narrative; centralized competitors cheaper
52BERA
127CAUTIOUS HOLD
Price
$0.38
MCap
$98M
Circ%
48%
Catalyst Berachain system DeFi growth with PoL driving genuine liquidity depth; BGT/HONEY stablecoin flywheel
Risk 97.5% down from ATH; PoL model unproven at scale; BERA token has weak direct value accrual vs BGT governance token
53LEO
126CAUTIOUS HOLD
Price
$8.85
MCap
$9.2B
Circ%
93%
Catalyst Bitfinex share buyback program using 27% of LEO revenue pool, accelerating token burn from Q3 2025.
Risk DOJ indictment of Bitfinex/Tether executives for bank fraud or sanctions violations.
54TRX
125CAUTIOUS HOLD
Price
$0.37
MCap
$35.5B
Circ%
100%
Catalyst Growing USDT-TRC20 adoption in emerging markets; fee revenue near historical highs
Risk Justin Sun SEC fraud charges pending; extreme centralization; reputational damage from FTX era associations
55LIT
125WATCH
Price
$1.50
MCap
$375M
Circ%
25%
Catalyst Lighter EVM Q2-Q3 2026, Telegram Wallet 150M users, CFTC license pursuit, potential Binance listing
Risk Dec 2026 cliff unlocks 500M tokens (50% supply), 83% volume collapse from TGE peak, only 4,420 holders, L2BEAT Stage 0
56OP
123CAUTIOUS HOLD
Price
$0.13
MCap
$275M
Circ%
50%
Catalyst Superchain interoperability connecting Base, Optimism, Zora; sequencer revenue growing
Risk Only 30% circulating; OP Foundation and investor unlocks through 2027 create persistent sell pressure
57POL
123CAUTIOUS HOLD
Price
$0.20
MCap
$982M
Circ%
100%
Catalyst AggLayer connecting all Polygon CDK chains into unified liquidity layer; ETH Foundation alignment
Risk Only 38% circulating; MATIC migration not fully complete; AggLayer adoption slower than expected
58CAKE
123CAUTIOUS HOLD
Price
$1.42
MCap
$467M
Circ%
96%
Catalyst PancakeSwap v4 with concentrated liquidity; multi-chain expansion to Base, zkSync, Linea
Risk 97% below ATH; BNB chain activity fragile; veCAKE tokenomics still inflationary net of burns; Uniswap competition intensifying on every chain
59LPT
123CAUTIOUS HOLD
Price
$2.30
MCap
$115M
Circ%
100%
Catalyst AI video inference demand on Livepeer network, with 300+ new orchestrators onboarded by April 2025.
Risk Competition from Render Network's video pipeline or AWS MediaConvert capturing 80%+ market share.
60GT
123CAUTIOUS HOLD
Price
$22.5
MCap
$759M
Circ%
88%
Catalyst Gate.io's GT staking for Startup token allocations, with 12% APY and 50% of fees burned quarterly.
Risk Gate.io's withdrawal of Chinese OTC services due to PBOC crackdown, reducing trading volume 40%.
61ORCA
123CAUTIOUS HOLD
Price
$1.39
MCap
$84M
Circ%
81%
Catalyst Orca's concentrated liquidity v3 launch on Solana mainnet in March 2025, targeting 2x TVL growth.
Risk Solana network outage lasting >4 hours (as in Feb 2023) halts all Orca trading and liquidity.
62HNT
122CAUTIOUS HOLD
Price
$0.78
MCap
$141M
Circ%
100%
Catalyst Helium Mobile hitting 100K+ subscribers; carrier partnerships driving genuine data offload revenue to HNT burn
Risk 98.5% down from ATH; HNT value accrual requires Data Credits burn which is still tiny vs inflation; competition from 5G rollout
63GRT
121CAUTIOUS HOLD
Price
$0.03
MCap
$294M
Circ%
100%
Catalyst GRT as default indexing layer for AI agents querying blockchain data; Arbitrum and L2 growth
Risk Continuous token inflation from indexer/curator rewards; 99% down from ATH; query fees growing slowly vs token emissions
64XRP
121CAUTIOUS HOLD
Price
$1.36
MCap
$82.9B
Circ%
62%
Catalyst Spot XRP ETF approvals in US; RLUSD stablecoin adoption by banks
Risk 50% of supply still held by Ripple Labs with monthly escrow unlocks diluting holders
65VELO
121CAUTIOUS HOLD
Price
$0.00
MCap
$68M
Circ%
73%
Catalyst Velodrome V3 launch with concentrated liquidity and cross-chain expansion beyond OP Mainnet
Risk AERO is eating VELO's narrative and liquidity; OP Mainnet TVL stagnant while Base dominates Superchain
66MAV
121CAUTIOUS HOLD
Price
$0.01
MCap
$12M
Circ%
46%
Catalyst Maverick's dynamic fee AMM integration with zkSync Era, boosting daily volume to $50M by May 2025.
Risk Uniswap v4 hooks on L2s (Arbitrum/Optimism) capture 90% of Maverick's targeted liquidity provision.
67VRTX
121CAUTIOUS HOLD
Price
$0.01
MCap
$1M
Circ%
8%
Catalyst Vertex's cross-margin expansion to Arbitrum Orbit chain, enabling 100x use on BTC/ETH perps in Q2 2025.
Risk dYdX v5's isolated margin vaults on Cosmos drain 60% of Vertex's open interest within 6 months.
68ENA
120CAUTIOUS HOLD
Price
$0.10
MCap
$885M
Circ%
60%
Catalyst Grayscale 13.59% allocation, Arthur Hayes $1.97M investment, BlackRock UStb
Risk S&P 1,250% Basel III risk weight, BaFin ban, only 55% circ, -93% from ATH
69TIA
120CAUTIOUS HOLD
Price
$0.45
MCap
$429M
Circ%
79%
Catalyst Modular blockchain thesis gaining ground; TIA staking and DA fee revenue from rollups growing
Risk Only 22% supply circulating; enormous investor/team unlocks through 2027; DA revenue thin; competing with EigenDA and Avail for mindshare
70CHZ
120CAUTIOUS HOLD
Price
$0.04
MCap
$370M
Circ%
100%
Catalyst Chiliz Chain 2.0 partnership with FIFA for 2026 World Cup fan tokens, minting 50+ new club tokens.
Risk Socios.com losing top-5 football club partnerships (Barcelona, PSG) to rival platform like Sorare.
71COMP
119WATCH
Price
$19.61
MCap
$183M
Circ%
97%
Catalyst Compound III multi-chain expansion and potential governance fee switch
Risk Extremely high P/S ratio (~112x) with declining market share vs Aave; COMP token captures minimal protocol value
72PRIME
119WATCH
Price
$0.37
MCap
$307M
Circ%
100%
Catalyst Parallel TCG expansion & AI arena launch; staking rewards from game fees
Risk Gaming token hype cycles; low liquidity vs. fully diluted valuation
73MNDE
119WATCH
Price
$0.04
MCap
$10M
Circ%
78%
Catalyst Solana staking growth & mSOL adoption; upcoming dual-governance upgrade
Risk Competition from JitoSOL & liquid staking protocols; Solana network risk
74KCS
119WATCH
Price
$10.5
MCap
$1.1B
Circ%
95%
Catalyst KuCoin trading volume recovery; 20% profit buyback & burn mechanism
Risk Regulatory crackdowns (US/China); exchange hacks & delisting risks
75STX
118WATCH
Price
$0.25
MCap
$449M
Circ%
100%
Catalyst Nakamoto upgrade enabling Bitcoin finality; sBTC bringing Bitcoin liquidity to DeFi
Risk Bitcoin L2 narrative crowded; TVL tiny; sBTC adoption limited by complexity
76WOO
118WATCH
Price
$0.02
MCap
$33M
Circ%
100%
Catalyst WOO X exchange expansion & zero-fee model; staking yield from rebates
Risk Low trading volume vs. Binance/Bybit; token unlock dilution from treasury
77IMX
117WATCH
Price
$0.17
MCap
$139M
Circ%
42%
Catalyst Gods Unchained, Guild of Guardians, and 300+ game titles on IMX; Polygon zkEVM partnership and gaming bull cycle
Risk 45% supply still opening (team/investor vesting through 2027), gaming crypto narrative fickle, competition from Ronin and Arbitrum Orbit
78XMR
117WATCH
Price
$118.7
MCap
$7.0B
Circ%
100%
Catalyst Privacy demand post-BTC ETF; mandatory ring signatures upgrade in 2025
Risk Global regulatory bans (e.g., UAE, Japan); exchange delistings reduce liquidity
79STG
117WATCH
Price
$0.17
MCap
$20M
Circ%
100%
Catalyst Stargate V2 launch with unified liquidity; LayerZero airdrop boost to TVL
Risk Bridge hacks (e.g., Multichain precedent); declining cross-chain activity
80JOE
117WATCH
Price
$0.04
MCap
$17M
Circ%
81%
Catalyst Avalanche liquidity incentives & Boosted Pools; launch on Ethereum L2s
Risk DEX competition (Trader Joe vs. Uniswap/Aave); Avalanche system slowdown
81APT
116WATCH
Price
$0.95
MCap
$785M
Circ%
68%
Catalyst Microsoft partnership for AI on Aptos; strong Move system crossover with Sui
Risk Only 27% of tokens in circulation; heavy VC and team allocations opening through 2028 create massive sell pressure
82GNS
116WATCH
Price
$0.52
MCap
$12M
Circ%
100%
Catalyst gTrade v10, RWA/forex expansion (270+ markets), DEGEN markets, staking v2
Risk Hyperliquid 73% share vs GNS declining, Bitget delisted, $113K daily volume = liquidity risk
83QNT
116WATCH
Price
$79.68
MCap
$1.2B
Circ%
100%
Catalyst Overledger enterprise partnerships (e.g., Oracle, SIA); ISO 20022 compliance
Risk Centralized token supply; slow real-world adoption vs. Hyperledger/Corda
84S
115WATCH
Price
$0.05
MCap
$172M
Circ%
97%
Catalyst Andre Cronje-led DeFi system expansion; Sonic Gateway bridge to Ethereum and fee sharing with apps going live
Risk Heavy token unlocks (46% remaining), FTM rebrand legacy bagholders exiting, competing with mature EVM L2s
85ONDO
115WATCH
Price
$0.44
MCap
$2.0B
Circ%
49%
Catalyst DTCC production trades July 2026, fee switch vote H2 2026, SEC probe closed
Risk Zero token revenue, 57.79% holder concentration, relentless open dilution through 2028
86CFG
115WATCH
Price
$0.28
MCap
$164M
Circ%
85%
Catalyst RWA tokenization growth (e.g., Tinlake loans); Centrifuge integration with MakerDAO
Risk Credit default risk on underlying assets; low liquidity vs. Ondo/Maple
87KAS
114WATCH
Price
$0.03
MCap
$909M
Circ%
100%
Catalyst KRC-20 token standard driving on-chain activity; Kaspa smart contracts (kSMT) roadmap could expand system significantly
Risk No smart contracts or DeFi, pure PoW L1 with no fee revenue model; speculation-driven price with mining inflation
88ADA
113WATCH
Price
$0.25
MCap
$8.9B
Circ%
82%
Catalyst Midnight privacy sidechain launch; Hydra scaling reaching mainnet
Risk Perpetual under-delivery on roadmap; DeFi system far behind competitors; declining developer mindshare
89HBAR
112WATCH
Price
$0.09
MCap
$3.8B
Circ%
87%
Catalyst Hedera Council enterprise adoption (Google, IBM); smart contract 2.0 upgrade
Risk Centralized governance criticism; low DeFi TVL vs. Solana/Ethereum
90TNSR
112WATCH
Price
$0.04
MCap
$13M
Circ%
33%
Catalyst Tensor's NFT marketplace dominance on Solana; potential airdrop/staking utility for TNSR.
Risk Declining Solana NFT volumes; competition from Magic Eden and Blur.
91GRASS
111WATCH
Price
$0.40
MCap
$345M
Circ%
59%
Catalyst AI data demand driving bandwidth purchases; Grass Layer 2 network launch creating structured data products for AI training
Risk 89.2% down from ATH; only 38% circulating with heavy VC/team unlocks; business model legality of bandwidth resale uncertain
92YFI
111WATCH
Price
$2,513
MCap
$89M
Circ%
97%
Catalyst Yearn V3 vaults with pluggable strategies and yETH staking product
Risk TVL in secular decline; protocol revenue fell 70%+ in 2024; no new growth narrative
93FTM
111WATCH
Price
$0.70
MCap
$172M
Circ%
97%
Catalyst Sonic upgrade (Fantom) promises faster finality and EVM compatibility; system migration.
Risk Delays in Sonic mainnet launch; low TVL vs. rival L1s; reliance on DeFi revival.
94TON
110WATCH
Price
$1.67
MCap
$4.5B
Circ%
52%
Catalyst GRAM rebrand Jun 15, TON Teleport BTC bridge, TON Pay 2.0, MTONGA steps 5-7, Stars-to-TON fiat onramp
Risk Believers $61M/mo unlocks (27mo left), 1.08B frozen wallets unfreeze Feb 2027, Durov 12 charges, 85% whale concentration, zero protocol revenue
95MATIC
110WATCH
Price
$0.32
MCap
$982M
Circ%
100%
Catalyst Full POL migration completion resolving dual-token confusion
Risk Token fully replaced by POL; holding MATIC requires migration action; low liquidity post-transition
96KNC
110WATCH
Price
$0.15
MCap
$25M
Circ%
71%
Catalyst KyberSwap Elastic and DEX aggregator growth; fee sharing via KNC staking.
Risk Intense DEX aggregator competition (1inch, ParaSwap); low protocol revenue.
97FET
109WATCH
Price
$0.22
MCap
$525M
Circ%
83%
Catalyst ASI Alliance AI marketplace revenue; partnerships with major AI labs
Risk Merger integration complexity; AI narrative may be priced in; actual AI revenue de minimis
98DYDX
109WATCH
Price
$0.15
MCap
$127M
Circ%
88%
Catalyst dYdX v4 fee distribution to stakers; multi-asset perp expansion; institutional market maker onboarding
Risk 99.5% below ATH; only 52% circulating with multi-year vesting ongoing; Hyperliquid and GMX eating market share; dYdX chain bootstrapping uncertain
99BICO
109WATCH
Price
$0.03
MCap
$19M
Circ%
72%
Catalyst Account abstraction adoption via Biconomy SDK; partnerships with major dApps.
Risk Slow enterprise adoption; reliance on Ethereum L2 fee markets; token inflation.
100IO
108WATCH
Price
$0.15
MCap
$52M
Circ%
42%
Catalyst AI compute demand boom driving GPU marketplace utilization; IO Cloud enterprise partnerships expanding real revenue
Risk Only 18% circulating; 82% supply open over 3 years creates structural sell pressure; competing with Akash, Render, and centralized clouds
101PERP
108WATCH
Price
$0.13
MCap
$2M
Circ%
48%
Catalyst Perpetual Protocol v2 (Curie) on Optimism; growing perp DEX volumes.
Risk Competition from GMX, dYdX, and Synthetix; low liquidity vs. centralized exchanges.
102STORJ
108WATCH
Price
$0.10
MCap
$14M
Circ%
34%
Catalyst Decentralized storage demand from AI/enterprise; Storj node network expansion.
Risk Competition from Filecoin, Arweave; limited token utility beyond storage payments.
103ALCX
108WATCH
Price
$5.50
MCap
$11M
Circ%
80%
Catalyst Self-repaying loans via Alchemix V3; yield optimization on multiple chains.
Risk Smart contract risk from complex DeFi strategies; low TVL and user adoption.
104OM
108WATCH
Price
$0.50
MCap
-
Circ%
-
Catalyst MANTRA Chain RWA tokenization focus; regulatory compliance and institutional partnerships.
Risk Slow RWA market growth; competition from Ondo, Centrifuge; low liquidity.
105XLM
108WATCH
Price
$0.15
MCap
$4.9B
Circ%
67%
Catalyst Stellar's cross-border payment partnerships (e.g., MoneyGram); Soroban smart contract launch.
Risk Slow payment adoption vs. XRP; limited DeFi system; regulatory uncertainty.
106EIGEN
107WATCH
Price
$0.20
MCap
$188M
Circ%
41%
Catalyst EIGEN slashing activation enabling real AVS security; programmatic incentives attracting AVS launch
Risk Only 18% circ/FDV; massive insider and foundation unlock schedule; restaking narrative fading; minimal fee accrual to EIGEN token
107PYTH
107WATCH
Price
$0.04
MCap
$319M
Circ%
79%
Catalyst PYTH used as fee token for Pyth Entropy; expansion into real-world asset price feeds
Risk Only 34.5% circulating; Pyth Foundation holds enormous unlocked reserves; oracle services mostly free creating no PYTH demand; Chainlink still dominant
108VELA
107WATCH
Price
$0.01
MCap
$750,000
Circ%
50%
Catalyst Vela Exchange perp DEX on Arbitrum; token buyback and burn mechanism.
Risk Low trading volumes vs. GMX; reliance on Arbitrum system; token dilution.
109GEL
107WATCH
Price
$0.02
MCap
$444,822
Circ%
67%
Catalyst Web3 automation demand rising with modular blockchains; Gelato's middleware layer captures value across chains.
Risk Competition from Chainlink Keepers and native rollup sequencers; token utility reliant on fee burn mechanism.
110RUNE
106PASS
Price
$0.38
MCap
$129M
Circ%
96%
Catalyst v3.19 restart + Monero integration + Rujira app layer + Solana volume corridor
Risk OFAC sanction risk from $1.2B Lazarus laundering. Third exploit = terminal. $200M lawsuit pending. TCY 10% revenue tax.
111SSV
106WATCH
Price
$2.65
MCap
$38M
Circ%
100%
Catalyst Ethereum mainnet DVT adoption acceleration; SSV becoming required middleware for institutional stakers
Risk Only 45% of supply circulating with multi-year vesting; SSV fee revenue extremely thin relative to token market cap
112ZRO
106WATCH
Price
$1.30
MCap
$332M
Circ%
25%
Catalyst Zero L1 (Citadel/DTCC/ICE), uncertain after exploit
Risk $292M exploit, $4B exodus, May 20 open (10% float), LayerZero admitted fault publicly
113SLND
106WATCH
Price
$0.15
MCap
-
Circ%
-
Catalyst Solana system recovery and lending TVL growth; SLND stakers earn protocol revenue and boosted yields.
Risk Solana network outages and dependency on SOL price; competing lending protocols like Marginfi and Kamino.
114GTC
106WATCH
Price
$0.10
MCap
$8M
Circ%
87%
Catalyst Gitcoin's quadratic funding model gains traction for public goods; Allo Protocol expands grant infrastructure.
Risk Governance token with limited direct value accrual; reliance on grants and donor participation sustainability.
115THETA
105WATCH
Price
$1.02
MCap
$191M
Circ%
100%
Catalyst AI video inference use case on Theta Edge Network; enterprise streaming partnerships
Risk 93% below ATH with minimal recovery; centralized platforms (YouTube, Twitch) dominant; low DeFi usage
116FXS
105WATCH
Price
$0.81
MCap
$82M
Circ%
84%
Catalyst Fraxchain L2 launch and frxUSD institutional adoption
Risk FXS → FRAX token migration and veFXS overhaul create high dilution and uncertainty for existing holders
117QUICK
105WATCH
Price
$0.01
MCap
$6M
Circ%
82%
Catalyst Polygon zkEVM migration and DEX volume growth; QuickSwap's Dragon’s Lair staking boosts yield demand.
Risk Intense DEX competition on Polygon (Uniswap, Balancer); token inflation from staking rewards dilutes holders.
118RPL
104WATCH
Price
$1.71
MCap
$38M
Circ%
100%
Catalyst Saturn upgrade enabling permissionless node operators and boosting capital efficiency
Risk RPL tokenomics overhaul removed mandatory collateral; token has lost clear utility and value accrual mechanism
119PENGU
104WATCH
Price
$0.01
MCap
$545M
Circ%
79%
Catalyst Abstract chain launch and Pudgy Penguins system expansion on Ethereum L2
Risk Pure memecoin with zero revenue; fully diluted at launch means only speculative demand drives price
120RDNT
104WATCH
Price
$0.00
MCap
$2M
Circ%
86%
Catalyst Omnichain lending expansion across Arbitrum, BSC, and Ethereum; LayerZero integration drives cross-chain TVL.
Risk Smart contract risk from cross-chain bridging; high token emissions and potential for bad debt in volatile markets.
121RON
104WATCH
Price
$0.85
MCap
$66M
Circ%
77%
Catalyst Axie Infinity and Sky Mavis game system growth; Ronin's fast, low-cost chain attracts Web3 gaming projects.
Risk Centralized validator set and past bridge hack ($625M); gaming token demand tied to Axie's user retention.
122MLN
104WATCH
Price
$1.98
MCap
$7M
Circ%
100%
Catalyst Institutional DeFi adoption via Enzyme's vault management; real-world asset tokenization integrations.
Risk Low liquidity and niche user base; competition from Syndicate and other asset management protocols.
123RSR
104WATCH
Price
$0.00
MCap
$103M
Circ%
63%
Catalyst Reserve Protocol's RTokens (e.g., eUSD) gain traction as decentralized stablecoins; overcollateralized design.
Risk Regulatory scrutiny on stablecoins; RSR token value depends on staking demand and RToken adoption pace.
124DOT
103WATCH
Price
$1.28
MCap
$2.1B
Circ%
100%
Catalyst JAM (Join-Accumulate Machine) upgrade modernizing parachain architecture
Risk Parachain auctions discontinued; system fragmented; lost developer mindshare to Cosmos and Solana
125CVX
103WATCH
Price
$1.71
MCap
$148M
Circ%
90%
Catalyst Curve system revival if stablecoin volumes recover
Risk CVX value entirely derived from CRV bribe economics which are in secular decline; no independent utility
126KLAY
103WATCH
Price
$0.13
MCap
$794M
Circ%
100%
Catalyst Klaytn's Finschia merger creates Asia's largest public chain; Korean regulatory clarity boosts enterprise adoption.
Risk Centralized governance via Ground X (Kakao); slow DeFi system growth vs. Ethereum L2s.
127KSM
103WATCH
Price
$4.74
MCap
$87M
Circ%
100%
Catalyst Polkadot parachain auctions and cross-chain interoperability; Kusama as experimental sandbox for new dApps.
Risk High inflation from parachain rewards; limited DeFi TVL and developer activity vs. Ethereum system.
128SHDW
103WATCH
Price
$0.10
MCap
$4M
Circ%
100%
Catalyst GenesysGo storage demand from Solana system growth and potential SHDW token utility expansion.
Risk Dependence on Solana network health and competition from other decentralized storage solutions.
129LTC
102WATCH
Price
$53.37
MCap
$4.0B
Circ%
100%
Catalyst Spot LTC ETF application in pipeline; halving supply cut in August 2023
Risk Zero DeFi system; payment use case obsoleted by stablecoins; declining relevance
130SCROLL
102WATCH
Price
$0.32
MCap
$8M
Circ%
19%
Catalyst ZK proof generation cost reductions enabling Scroll to undercut Arbitrum/Optimism on fees at scale
Risk Only 19% circulating; EVM-equivalence not enough to differentiate; TVL stagnant vs Base which dominates mindshare
131ICP
102WATCH
Price
$2.67
MCap
$1.5B
Circ%
100%
Catalyst Bitcoin integration and ckBTC enabling ICP as BTC L2; AI smart contract canister adoption
Risk Ongoing NNS-controlled ICP minting (inflation); 53% supply not yet in circulation; 99.6% below launch price; complex tech with thin real-world adoption
132CRO
102WATCH
Price
$0.07
MCap
$3.1B
Circ%
45%
Catalyst Crypto.com exchange user growth and staking rewards from card program and system expansion.
Risk Regulatory scrutiny on exchange operations and tokenomics dilution from high supply inflation.
133TRU
102WATCH
Price
$0.00
MCap
$1M
Circ%
100%
Catalyst TrueFi uncollateralized lending adoption in DeFi, attracting institutional borrowers and lenders.
Risk Default risk on uncollateralized loans and regulatory uncertainty around decentralized credit protocols.
134APE
102WATCH
Price
$0.13
MCap
$133M
Circ%
100%
Catalyst Yuga Labs system expansion, including Otherside metaverse and new NFT collections driving demand.
Risk Declining NFT market sentiment and governance fragmentation among ApeCoin DAO stakeholders.
135FIL
101WATCH
Price
$0.98
MCap
$764M
Circ%
40%
Catalyst AI data storage demand; Filecoin Virtual Machine (FEVM) DeFi expansion
Risk FDV is 2x+ circulating cap with large future unlocks; centralized alternatives cheaper; slow user growth
136ZEC
101WATCH
Price
$627.05
MCap
$10.4B
Circ%
100%
Catalyst ZEC halving reduced miner emissions; ECC focus on proof-of-stake transition and shielded transaction growth
Risk Regulatory delistings accelerating; most ZEC transactions are transparent not shielded; Monero preferred by privacy community; ECC funding concerns
137VET
101WATCH
Price
$0.01
MCap
$575M
Circ%
100%
Catalyst VeChain Thor VIP-220 fee model and Walmart China + DNV GL partnerships provide steady enterprise demand
Risk Enterprise blockchain market shrinking vs. private chains; dual token (VET+VTHO) model adds complexity with minimal speculative upside
138ATH
101WATCH
Price
$0.01
MCap
$121M
Circ%
48%
Catalyst Aethir decentralized GPU compute demand from AI and gaming sectors, with enterprise partnerships.
Risk Competition from centralized cloud providers and technical challenges in node network reliability.
139ILV
101WATCH
Price
$4.26
MCap
$35M
Circ%
86%
Catalyst Illuvium game launch and cross-game asset utility within its fantasy RPG system.
Risk Delayed game releases and low player retention in competitive blockchain gaming market.
140MC
101WATCH
Price
$0.12
MCap
$190,915
Circ%
100%
Catalyst Merit Circle/Beam gaming guild expansion and token utility in partner games and metaverse projects.
Risk Dependence on volatile play-to-earn game economies and potential guild token devaluation.
141DASH
101WATCH
Price
$43.69
MCap
$559M
Circ%
100%
Catalyst Dash payment adoption in emerging markets and InstantSend feature for merchant use cases.
Risk Fierce competition from faster payment coins and declining development activity relative to peers.
142GMT
101WATCH
Price
$0.01
MCap
$34M
Circ%
61%
Catalyst STEPN move-to-earn app user growth and token burn mechanisms from in-app spending.
Risk Unsustainable tokenomics and user fatigue from declining reward rates in fitness apps.
143AUDIO
101WATCH
Price
$0.02
MCap
$28M
Circ%
100%
Catalyst Audius decentralized music streaming platform growth and artist tokenization partnerships.
Risk Low mainstream adoption versus centralized streaming giants and content moderation challenges.
144SEI
100WATCH
Price
$0.06
MCap
$420M
Circ%
67%
Catalyst Sei V2 parallel EVM adoption; partnerships with gaming and NFT platforms
Risk Only 31% of tokens circulating with large team/VC unlocks through 2027; system tiny
145CORE
100WATCH
Price
$0.04
MCap
$34M
Circ%
52%
Catalyst Non-custodial BTC staking via CORE allows BTC holders to earn yield, genuine demand driver if BTC bull continues
Risk Only 40% of tokens circulating with massive unlock schedule ahead; token ATH 99.6% away; speculative overhang extreme
146BADGER
100WATCH
Price
$0.80
MCap
$8M
Circ%
95%
Catalyst Bitcoin DeFi expansion via eBTC and ibBTC; growing TVL in BTC-pegged yield strategies.
Risk Dependence on Bitcoin L2 adoption; competition from Rootstock and Stacks for BTC DeFi.
147USUAL
99PASS
Price
$0.07
MCap
$24M
Circ%
98%
Catalyst USD0++ liquid staking recovery and new RWA yield products bringing TVL back above $500M
Risk USD0++ depeg incident in Jan 2025 destroyed trust; USUAL token hyperinflation via revenue redistribution model; TVL down 80%+ from peak
148API3
99PASS
Price
$0.34
MCap
$46M
Circ%
84%
Catalyst OEV Network capturing MEV from oracle updates and redistributing to dApps
Risk Chainlink's dominance in integrations makes API3 a distant second-choice for most protocols
149FLR
99PASS
Price
$0.01
MCap
$709M
Circ%
81%
Catalyst F-Assets minting launch and FTSO data feeds enabling DeFi on Flare; Google Cloud partnership.
Risk Slow system growth and token inflation from ongoing airdrop distributions.
150CFX
98PASS
Price
$0.06
MCap
$286M
Circ%
100%
Catalyst China digital economy policy tailwinds; partnerships with Shanghai government and state enterprises could drive domestic use
Risk 48% supply still opening, system entirely dependent on Chinese regulatory favor, no global DeFi adoption
151MINA
98PASS
Price
$0.06
MCap
$72M
Circ%
100%
Catalyst Mina zkApps enabling privacy-preserving dApps; ZK proof technology is hot sector tailwind
Risk ~10% annual inflation from staking; 99% below ATH; TVL near zero; ZK developer tooling complex limiting adoption
152NMR
98PASS
Price
$8.16
MCap
$58M
Circ%
66%
Catalyst AI-driven hedge fund tournaments and Numerai's staking mechanism attracting data scientists.
Risk Low retail adoption; tokenomics reliant on tournament participation, not broad utility.
153HT
98PASS
Price
$0.35
MCap
$16M
Circ%
100%
Catalyst HTX exchange fee discounts and burn mechanisms; potential revival from Justin Sun's system.
Risk Regulatory overhang from Huobi's past; centralized exchange risk and low trading volume.
154IOTX
98PASS
Price
$0.00
MCap
$39M
Circ%
100%
Catalyst MachineFi and DePIN narrative; W3bstream mainnet for real-world device data verification.
Risk Fragmented IoT blockchain competition; slow enterprise adoption and token supply dilution.
155ALGO
97PASS
Price
$0.11
MCap
$995M
Circ%
100%
Catalyst ALGO as CBDC/institutional settlement layer; partnerships with FIFA and various governments
Risk system traction has failed to materialise vs competitors; 97% below ATH; significant foundation unlocks ongoing; DeFi TVL minimal
156COTI
97PASS
Price
$0.01
MCap
$35M
Circ%
100%
Catalyst Privacy-focused L2 using garbled circuits; upcoming Ethereum mainnet integration for confidential DeFi.
Risk Technical complexity delaying mainnet; regulatory scrutiny on privacy protocols.
157SKL
97PASS
Price
$0.01
MCap
$37M
Circ%
98%
Catalyst Zero-gas fee L2 scaling for gaming and metaverse; elastic sidechains with 2-second finality.
Risk Intense L2 competition from Arbitrum and Optimism; limited dApp migration to SKALE.
158ACH
97PASS
Price
$0.01
MCap
$32M
Circ%
32%
Catalyst Fiat-crypto on-ramp partnerships with Shopify and Visa; expanding merchant payment solutions.
Risk Regulatory risk in cross-border payments; reliance on volatile crypto-fiat conversion volumes.
159REQ
97PASS
Price
$0.06
MCap
$47M
Circ%
74%
Catalyst Decentralized invoicing and payment requests for DAOs and enterprises; multi-chain expansion.
Risk Slow B2B adoption; competition from traditional fintech and newer blockchain payment rails.
160RAD
97PASS
Price
$0.40
MCap
$15M
Circ%
50%
Catalyst Decentralized code collaboration for Web3 developers; ENS integration for on-chain identity.
Risk Niche use case limited to crypto-native developers; competition from GitHub and Gitcoin.
161ORDI
96PASS
Price
$4.12
MCap
$84M
Circ%
100%
Catalyst Bitcoin L2 narrative revival and any new Ordinals/BRC-20 hype cycle could spark short-term pump
Risk Pure speculation, no protocol, no revenue, no utility; fully diluted at 21M supply; BRC-20 standard losing to Runes protocol
162ANKR
96PASS
Price
$0.00
MCap
$47M
Circ%
100%
Catalyst Ankr AppChains gaining enterprise traction on BNB Chain system
Risk ANKR token fails to capture meaningful value from RPC business; Alchemy and Infura dominate enterprise market
163POOL
96PASS
Price
$0.15
MCap
$200,034
Circ%
72%
Catalyst Vault growth and no-loss lottery adoption via Prize Savings Accounts on L2s
Risk Regulatory risk as prize-linked savings may face securities classification
164FLUX
96PASS
Price
$0.08
MCap
$33M
Circ%
100%
Catalyst Enterprise demand for decentralized cloud compute and GPU rental
Risk Competition from AWS, Akash, and other established cloud providers
165CTSI
96PASS
Price
$0.03
MCap
$27M
Circ%
92%
Catalyst Cartesi Rollups mainnet launch enabling Linux-based DApp development
Risk Slow developer adoption vs. EVM-compatible L2s like Arbitrum/Optimism
166ATOM
96PASS
Price
$1.74
MCap
$889M
Circ%
100%
Catalyst Tokenomics redesign RFP (9 proposals), SDK v0.54 shipping, IBC-Solana bridge Q2, PSS (ICS 2.0), Cosmoverse Nov 2026
Risk Neutron left ICS, Noble exiting to EVM, Sei disabled IBC, $5.4M Gravity Bridge exploit, P/S 17,637x, unlimited supply with 7% inflation, named security in SEC v Binance/Coinbase
167ZK
95PASS
Price
$0.02
MCap
$141M
Circ%
46%
Catalyst ZK Stack elastic chain system expansion and ZKsync native account abstraction adoption
Risk Only 17% circulating supply with years of heavy unlocks ahead; TVL and developer activity abandoned after airdrop controversy
168BAL
95PASS
Price
$0.97
MCap
$9M
Circ%
89%
Catalyst Balancer V3 relaunch with fee-switch and hooks architecture
Risk BAL token buybacks via fee revenue are negligible vs inflation; veBAL bribe market in decline
169ALPACA
95PASS
Price
$0.22
MCap
$118,164
Circ%
100%
Catalyst Leveraged yield farming on BNB Chain with cross-chain expansion
Risk Smart contract risk and liquidation cascades in volatile markets
170YGG
95PASS
Price
$0.04
MCap
$28M
Circ%
74%
Catalyst Guild treasury growth and Web3 gaming adoption via scholarship model
Risk Dependence on game token prices and play-to-earn sustainability
171INV
95PASS
Price
$15
MCap
$9M
Circ%
97%
Catalyst DeFi lending protocol with DOLA stablecoin and fixed-rate loans
Risk Historical exploit history and low liquidity relative to competitors
172POLYX
95PASS
Price
$0.03
MCap
$72M
Circ%
100%
Catalyst Institutional security token issuance and regulatory compliance focus
Risk Niche market adoption and slow STO volume growth
173CELO
94PASS
Price
$0.08
MCap
$47M
Circ%
60%
Catalyst Full Ethereum L2 migration (Celo L2 live) enabling ETH composability and shared liquidity
Risk 99%+ down from ATH; minimal TVL ($42M); mobile DeFi thesis hasn't materialized; CELO inflation from staking rewards
174GLMR
94PASS
Price
$0.01
MCap
$15M
Circ%
91%
Catalyst Polkadot parachain with full EVM compatibility and cross-chain integrations
Risk Dependence on Polkadot system growth and DOT staking demand
175RLC
94PASS
Price
$0.43
MCap
$31M
Circ%
83%
Catalyst Decentralized cloud computing for AI/ML workloads and data privacy
Risk Limited enterprise adoption vs. centralized cloud giants
176MX
94PASS
Price
$2.80
MCap
$163M
Circ%
22%
Catalyst MEXC exchange token with fee discounts, launchpad access, and buyback
Risk Centralized exchange regulatory crackdown and token concentration risk
177CKB
93PASS
Price
$0.00
MCap
$68M
Circ%
98%
Catalyst RGB++ protocol bridges BTC assets natively to CKB; rising Bitcoin L2 narrative could drive attention
Risk Tiny TVL, low volume, minimal developer activity, depends entirely on Bitcoin L2 narrative which is crowded
178STRK
93PASS
Price
$0.04
MCap
$254M
Circ%
63%
Catalyst Starknet v0.13+ performance upgrades reducing fees; Cairo language adoption for AI and gaming use cases
Risk Only 20% circulating; StarkWare holds massive allocation being unlocked; TVL and activity near zero relative to potential
1791INCH
93PASS
Price
$0.09
MCap
$126M
Circ%
94%
Catalyst 1inch Fusion+ cross-chain swap protocol gaining traction
Risk Aggregator margins are structurally thin; token provides no fee accrual and governance is low engagement
180BONK
93PASS
Price
$0.00
MCap
$524M
Circ%
100%
Catalyst Solana meme coin season; BonkBot Telegram trading bot generating real fee revenue; BONK burn events
Risk Zero protocol revenue; 32% supply still to emit; purely sentiment-driven; rapid 90%+ drawdowns in bear markets; infinite meme competition
181OSMO
93PASS
Price
$0.06
MCap
$41M
Circ%
79%
Catalyst Superfluid staking and concentrated liquidity pools may attract TVL back to Cosmos hub
Risk Token inflation ~25% annually crushes real returns; IBC system losing ground to Solana and L2s
182PROP
93PASS
Price
$0.35
MCap
$19M
Circ%
58%
Catalyst Real-world asset tokenization via PropyKeys; on-chain home sales and title deeds.
Risk Low liquidity and volume; niche market dependent on real estate adoption cycles.
183FARM
93PASS
Price
$6.58
MCap
$4M
Circ%
97%
Catalyst Yield optimization strategies on multiple chains; auto-compounding vaults attract TVL.
Risk Smart contract exploit risk; declining yields reduce incentive to stake.
184MOBILE
92PASS
Price
$0.00
MCap
$9M
Circ%
39%
Catalyst Helium Mobile subscriber growth triggering Data Credit burn that accrues to MOBILE holders via HNT conversion
Risk 96% down from ATH; micro-cap with near-zero trading volume; entire value dependent on HNT system success and carrier partnerships
185W
92PASS
Price
$0.01
MCap
$71M
Circ%
59%
Catalyst W as fee token for Wormhole messaging; NTT standard adoption by top protocols
Risk Only 18% circulating (FDV ~$1.1B vs $200M market cap); massive insider dilution coming; bridge revenue does not accrue to W token holders
186PEPE
92PASS
Price
$0.00
MCap
$1.5B
Circ%
100%
Catalyst Ethereum bull market amplification; PEPE as ETH meme equivalent to DOGE on BTC; high CEX liquidity
Risk Zero protocol revenue or utility; 6% supply still to open from deployer wallet; pure sentiment asset; rapid drawdowns in risk-off environments
187MBOX
92PASS
Price
$0.01
MCap
$6M
Circ%
100%
Catalyst Gaming system expansion on BNB Chain; new game launches and NFT staking rewards.
Risk Play-to-earn model fatigue; user retention drops if token rewards diminish.
188HOPR
92PASS
Price
$0.03
MCap
$14M
Circ%
97%
Catalyst Privacy mixnet for metadata protection; growing demand for on-chain privacy tools.
Risk Regulatory scrutiny on privacy protocols; limited mainstream user adoption.
189SNT
92PASS
Price
$0.03
MCap
$37M
Circ%
58%
Catalyst Decentralized messenger with integrated dApp browser; Ethereum system utility.
Risk Competition from Signal/Telegram; slow feature updates and low daily active users.
190ALPHA
91PASS
Price
$0.01
MCap
$9M
Circ%
99%
Catalyst Venture DAO funding early-stage DeFi projects; alpha access to token launches.
Risk High volatility from illiquid venture positions; lock-up periods limit exit.
191POND
91PASS
Price
$0.00
MCap
$23M
Circ%
82%
Catalyst Layer-0 scaling for DeFi nodes; Marlin's Oyster network reduces latency.
Risk Competition from other L0 protocols (e.g., Avail); low developer traction.
192TRB
90PASS
Price
$17.39
MCap
$49M
Circ%
98%
Catalyst Decentralized oracle with dispute mechanism; high staking rewards attract validators.
Risk Low market cap oracle; liquidity fragmentation vs Chainlink dominance.
193CELR
90PASS
Price
$0.00
MCap
$14M
Circ%
56%
Catalyst Celer's cBridge and Layer2 rollups; cross-chain interoperability for Ethereum and beyond.
Risk Bridge security incidents; competition from Stargate and LayerZero.
194NANO
90PASS
Price
$0.35
MCap
$57M
Circ%
100%
Catalyst Feeless, instant transactions via DAG; ideal for micropayments and remittances.
Risk Low adoption for payments; no smart contracts limit utility beyond transfers.
195ETC
90PASS
Price
$8.83
MCap
$1.4B
Circ%
100%
Catalyst PoW narrative revival; potential ETF speculation as Bitcoin alternative.
Risk Low developer activity vs. ETH; 51% attack history concerns.
196WLD
89PASS
Price
$0.28
MCap
$1.1B
Circ%
34%
Catalyst World App user growth; WLD as identity layer for AI agent verification
Risk Only 16.5% circulating with huge team/investor unlocks; biometric data privacy lawsuits in EU/Korea; zero protocol revenue; FDV ~$3.1B
197DOGE
89PASS
Price
$0.10
MCap
$15.6B
Circ%
100%
Catalyst Elon Musk DOGE government department association; X payments integration rumors
Risk 5 billion new DOGE minted annually with zero cap; zero fundamental value creation
198ALICE
89PASS
Price
$0.10
MCap
$12M
Circ%
100%
Catalyst Land sale and in-game economy expansion on Binance Smart Chain.
Risk Low daily active users; metaverse hype fading.
199XTZ
88PASS
Price
$0.35
MCap
$360M
Circ%
98%
Catalyst Tezos institutional tokenization (Bond i by SocGen) and RWA focus may sustain niche enterprise use
Risk No meaningful DeFi system, developer exodus, volume near all-time-lows, token has no value accrual mechanism
200FLOKI
88PASS
Price
$0.00
MCap
$281M
Circ%
97%
Catalyst Valhalla P2E game launch traction; FLOKI ETF filings in Asia; aggressive marketing campaigns
Risk 91% below ATH; Valhalla game has not achieved meaningful player base; FLOKI brand tied to Elon Musk tweet cycles; meme coins face existential narrative rotation risk
201WIF
88PASS
Price
$0.19
MCap
$191M
Circ%
100%
Catalyst Solana meme season; WIF cultural staying power as top-tier Solana native meme coin
Risk 95% below ATH with no fundamental floor; zero utility, revenue, or burn; meme cycles short; fully diluted supply means no open upside
202PEAQ
88PASS
Price
$0.00
MCap
$73M
Circ%
48%
Catalyst DePIN system growth; real-world asset tokenization partnerships.
Risk Early-stage adoption; competition from IoT blockchains like Helium.
203HIGH
88PASS
Price
$0.16
MCap
-
Circ%
-
Catalyst Retail metaverse integration with real-world brand partnerships.
Risk Low liquidity; reliance on sustained metaverse interest.
204SXP
88PASS
Price
$0.00
MCap
$321,230
Circ%
100%
Catalyst Solar blockchain upgrades; cross-chain DeFi and payment adoption.
Risk Regulatory uncertainty in payments; low system TVL.
205DENT
88PASS
Price
$0.00
MCap
$4M
Circ%
96%
Catalyst Global mobile data marketplace expansion; telco partnerships.
Risk Regulatory hurdles in telecom; token inflation from high supply.
206BLAST
87PASS
Price
$0.00
MCap
$29M
Circ%
62%
Catalyst Blast Big Bang system revival if native yield products attract real users beyond yield chasers
Risk 98.4% down from ATH; only 25% circulating with years of unlock pressure; yield farming narrative is played out
207LEVER
87PASS
Price
$0.00
MCap
$4M
Circ%
100%
Catalyst Leveraged yield farming on Arbitrum; cross-chain expansion.
Risk Smart contract risk; liquidation cascades in volatile markets.
208NOS
86PASS
Price
$0.08
MCap
$38M
Circ%
100%
Catalyst Decentralized GPU compute for AI inference; Solana integration.
Risk Competition from Filecoin and Akash; hardware supply constraints.
209GOG
86PASS
Price
$0.02
MCap
$2M
Circ%
80%
Catalyst Mobile game launch on Immutable zkEVM; guild partnerships.
Risk Delayed game releases; low retention in play-to-earn models.
210AGLD
86PASS
Price
$0.23
MCap
$20M
Circ%
94%
Catalyst Loot NFT system revival; DAO treasury management.
Risk Niche community; limited utility beyond governance.
211CANTO
86PASS
Price
$0.01
MCap
$745,250
Circ%
61%
Catalyst Free public goods funding via revenue from DeFi protocols on Canto L1.
Risk Low liquidity and limited dApp system relative to larger L1s.
212EGLD
85PASS
Price
$4.05
MCap
$117M
Circ%
100%
Catalyst xExchange DEX and xFabric institutional suite could generate modest fee revenue
Risk 99%+ ATH drawdown, tiny TVL, system relies on local Romanian community, no global developer mindshare
213ROSE
84PASS
Price
$0.01
MCap
$74M
Circ%
77%
Catalyst Oasis Sapphire confidential EVM ParaTime could attract privacy-sensitive DeFi as MEV concerns grow
Risk Large unreleased supply (43% locked), near-zero TVL, privacy narrative crowded by Aztec and ZK solutions
214BLUR
84PASS
Price
$0.02
MCap
$63M
Circ%
94%
Catalyst NFT market revival in a bull cycle could briefly spike BLUR trading volumes
Risk Only 38% circulating with massive team/investor unlock schedule; NFT volumes down 90%+ from 2022 peak
215FORTH
84PASS
Price
$0.24
MCap
$2M
Circ%
70%
Catalyst Governance of Ampleforth's elastic supply protocol and potential rebasing yield.
Risk Elastic supply model creates unpredictable token supply and user adoption challenges.
216MASK
82PASS
Price
$0.47
MCap
$45M
Circ%
100%
Catalyst X (Twitter) and Farcaster integrations driving decentralized social narrative
Risk Product-market fit never proven; large outstanding supply unlocks from team and investors
217BOND
82PASS
Price
$2.15
MCap
$284,192
Circ%
100%
Catalyst Risk tokenization and fixed-income products on BarnBridge for institutional DeFi.
Risk Regulatory scrutiny on structured DeFi products and low trading volume.
218WAXP
81PASS
Price
$0.01
MCap
$28M
Circ%
100%
Catalyst Leading blockchain for NFT gaming and digital collectibles with low fees.
Risk Dependence on gaming trends and competition from other gaming chains.
219KAVA
80PASS
Price
$0.06
MCap
$63M
Circ%
100%
Catalyst KAVA tokenomics revamp and bridge improvements could attract more EVM DeFi liquidity
Risk TVL stagnant, no meaningful protocol revenue, competition from native Cosmos and EVM L2s is intense
220PRCL
80PASS
Price
$0.02
MCap
$6M
Circ%
45%
Catalyst Real estate price index derivatives on Parcl for synthetic property trading.
Risk Oracle reliability and low liquidity in niche real estate DeFi market.
221FLOW
78PASS
Price
$0.04
MCap
$57M
Circ%
100%
Catalyst Flow EVM compatibility could attract new DeFi developers; Dapper Labs has institutional relationships
Risk Core NFT use case (TopShot) declined 95%+ in volume; Dapper Labs laid off 20%+ staff; limited DeFi TVL
222LRC
78PASS
Price
$0.02
MCap
$20M
Circ%
91%
Catalyst ZK-rollup technology still valid; Loopring 3.9 improvements could improve throughput for order-book DEX use case
Risk Binance delisted LRC (stale data), negligible TVL vs. competing L2s, GameStop NFT marketplace shut down, no system growth
223IOTA
78PASS
Price
$0.06
MCap
$254M
Circ%
91%
Catalyst IOTA 2.0 decentralized protocol (no coordinator) finally live; Assembly smart contract layer in development
Risk Zero smart contract activity, no DeFi TVL, IoT machine-economy thesis never materialized, fully diluted supply already in circulation
224IDEX
77PASS
Price
$0.00
MCap
$2M
Circ%
68%
Catalyst Hybrid DEX with order book and AMM, offering low-slippage trading.
Risk Intense competition from larger DEXs and CEXs with deeper liquidity.
225MANTA
76PASS
Price
$0.08
MCap
$36M
Circ%
47%
Catalyst Manta Pacific modular privacy layer adoption if privacy regulation becomes favorable
Risk Down 97.4% from ATH; TVL evaporated; privacy narrative not resonating; team split between two chains diluting focus
226AXS
76PASS
Price
$1.17
MCap
$197M
Circ%
64%
Catalyst Axie Infinity Origins gaining mainstream mobile adoption and classic Axie revival
Risk AXS/SLP tokenomics were Ponzi-structural; 99.3% ATH drawdown reflects the model was never sustainable
227BTT
76PASS
Price
$0.00
MCap
$316M
Circ%
100%
Catalyst Decentralized file sharing and torrent incentives on BitTorrent Chain.
Risk Limited DeFi utility and reliance on legacy BitTorrent user base.
228MCB
76PASS
Price
$0.10
MCap
$5M
Circ%
79%
Catalyst MUX Protocol's leveraged trading aggregator with cross-chain perpetuals.
Risk Smart contract risk and competition from GMX and other perp DEXs.
229SUSHI
74PASS
Price
$0.21
MCap
$56M
Circ%
94%
Catalyst Sushi 2.0 multi-chain expansion and Trident AMM adoption
Risk Persistent team turnover, governance dysfunction, and chronic underperformance vs Uniswap make this a structurally broken protocol
230RVN
74PASS
Price
$0.01
MCap
$88M
Circ%
100%
Catalyst Asset issuance and tokenization on a proof-of-work blockchain for NFTs.
Risk High energy use and regulatory risk for PoW assets post-merge.
231NOT
73PASS
Price
$0.00
MCap
$47M
Circ%
97%
Catalyst TON system growth; Telegram gaming expansion
Risk All users already rewarded; zero utility post-game; completely dependent on TON/Telegram narrative
232BAND
73PASS
Price
$0.21
MCap
$35M
Circ%
100%
Catalyst Band V3 upgrade targeting cross-chain data availability
Risk BAND has lost virtually all developer mindshare to Chainlink, Pyth, and API3; token near all-time lows in USD terms
233POPCAT
73PASS
Price
$0.06
MCap
$54M
Circ%
100%
Catalyst Solana memecoin season revival in next bull market peak
Risk All memecoins revert to near-zero in bear markets; POPCAT is already down 96.8% from ATH with no fundamental support
234MODE
72PASS
Price
$0.01
MCap
$574,071
Circ%
70%
Catalyst AI agent integration on Mode as a DeFi coordination layer for autonomous financial agents
Risk 91% down from ATH; TVL declining; undifferentiated L2 in a crowded OP Stack system; heavy unlock schedule
235SHIB
71PASS
Price
$0.00
MCap
$3.3B
Circ%
100%
Catalyst SHIB burn rate campaigns; Shibarium L2 activity spikes
Risk Astronomical token supply; zero fundamental value; dev team anonymous; depends entirely on retail sentiment
236NEO
68PASS
Price
$2.90
MCap
$198M
Circ%
71%
Catalyst Neo X EVM sidechain launched to attract Solidity developers; NeoFS decentralized storage could see enterprise use
Risk Developer community minimal, China crypto regulations remain hostile, system produces GAS income but no protocol value accrual
237RBN
68PASS
Price
$0.07
MCap
$2M
Circ%
8%
Catalyst Ribbon merged with Aevo exchange; AEVO token replaced RBN in many contexts
Risk RBN is effectively a legacy token; Aevo DEX has its own AEVO token and RBN migration left holders stranded
238SUPER
67PASS
Price
$0.12
MCap
$77M
Circ%
64%
Catalyst SuperVerse metaverse game launch attracting P2E players
Risk Gaming/metaverse sector in prolonged bear market; no active games generating revenue; team credibility issues
239MOVE
67PASS
Price
$0.02
MCap
$60M
Circ%
38%
Catalyst Move language adoption if Aptos/Sui success creates demand for Movement system
Risk Market maker manipulation scandal in 2025 destroyed community trust; one of worst token performance records in top-200; near zero TVL
240JASMY
67PASS
Price
$0.01
MCap
$272M
Circ%
99%
Catalyst Japanese regulatory clarity and domestic retail FOMO given Binance Japan listing
Risk No on-chain revenue, no DeFi utility, massive remaining supply unlocks; purely narrative-driven with fading Japan narrative
241MANA
66PASS
Price
$0.09
MCap
$167M
Circ%
88%
Catalyst Decentraland Foundation events and partnerships with legacy brands
Risk Reported concurrent user counts in the hundreds; massive gap between market cap and actual usage is unsustainable
242ZIL
63PASS
Price
$0.00
MCap
$75M
Circ%
95%
Catalyst Zilliqa 2.0 EVM upgrade could attract some EVM developers
Risk Irrelevant tech, ghost system, near-zero TVL, no institutional interest
243SPELL
63PASS
Price
$0.00
MCap
$26M
Circ%
88%
Catalyst Abracadabra's GLP-collateralized MIM vaults finding yield-bearing collateral niches
Risk Abracadabra was associated with 0xSifu/Wonderland fraud; MIM depegged in 2022; trust permanently damaged
244DOGS
62PASS
Price
$0.00
MCap
$27M
Circ%
94%
Catalyst TON system growth; Telegram integration announcements
Risk Zero utility; airdrop recipients mostly dumped; no development activity; 74% below ATH
245QTUM
61PASS
Price
$0.93
MCap
$95M
Circ%
98%
Catalyst None identifiable, chain is in maintenance mode with minimal development activity
Risk Effectively dead system, volume at historical lows, no institutional interest, zero DeFi innovation
246SAND
58PASS
Price
$0.05
MCap
$140M
Circ%
89%
Catalyst Sandbox NEXT mobile (UE5) full launch + SANDchain mainnet + Animoca Nasdaq Q3 2026
Risk Animoca confirmed selling SAND pre-Nasdaq. Zero revenue. Zero burn. Zero staking. 333M SAND in insider wallets.
247MEME
57PASS
Price
$0.01
MCap
$32M
Circ%
92%
Catalyst Meme season sentiment spikes; exchange listing surprises
Risk Zero fundamental value; no protocol revenue; no utility; pure speculation with unfavorable risk/reward
248NEIRO
56PASS
Price
$0.00
MCap
$39M
Circ%
100%
Catalyst Viral meme content cycles; celebrity mentions
Risk Zero fundamental value; anonymous team; no roadmap; extreme pump-and-dump risk
249GALA
53PASS
Price
$0.00
MCap
$155M
Circ%
100%
Catalyst Spider Tanks or Town Star gaining meaningful player base
Risk Co-founder Eric Schiermeyer sued fellow co-founder for minting $130M in unauthorized GALA; trust permanently destroyed
250KDA
50PASS
Price
$0.01
MCap
$3M
Circ%
100%
Catalyst Kadena SpireKey wallet and Marmalade NFT standard could attract niche developers
Risk Near-zero TVL (<$500K), trading halted on Binance (data stale), PoW in 2026 is a liability not an asset
251ONE
48PASS
Price
$0.00
MCap
$29M
Circ%
100%
Catalyst None, bridge hack compensation was never fully addressed; reputational damage is permanent
Risk $100M bridge exploit in June 2022 uncompensated, developer exodus complete, TVL essentially zero

Token Verdicts

HYPEHyperliquidBUY LIST

193HOLD CORE

3 ETFs live (THYP, BHYP, HYPG ~$160M AUM). $800M-$1.3B rev, 97-99% to buyback/burn. 70%+ DEX perps share. But closed-source, FCA warning, 22% circ.

Price

$55.62

MCap

$12.4B

Circ %

22.2%

Citations

[Bloomberg/CoinDesk] 3 ETFs live: THYP (21Shares May 12), BHYP (Bitwise/NYSE May 15), HYPG (Grayscale May 20), combined ~$160M AUM

[Token Terminal / DeFi Llama] $800M-$1.3B annualized revenue (Q1 2026: $215M), 97-99% fees to buyback via Assistance Fund

[DL News / Hypurrscan] $1.55B cumulative buybacks, 44.35M HYPE burned, net deflationary at current volumes

[CoinDesk / The Block] a16z accumulated ~$322M in HYPE, Goldman Sachs holds PURR position

[Arkham Intelligence] Arthur Hayes exited $18M HYPE position at $72+, Jun 4 2026

[Fortune] ICE CEO Jeffrey Sprecher: Hyperliquid 'bigger than NASDAQ', met founders

[CoinGecko / TradingView] ATH $75.51 (Jun 2, 2026), +1,353pp BTC alpha since launch, negative BTC correlation

[The Block / DeFi Llama] 70%+ DEX perpetuals market share, 7.5% of global perps including CEXs

[LinkedIn / Hyperliquid Foundation] Jeff Yan (founder): Harvard CS, ex-Hudson River Trading. 11-person team, $64-73M revenue per employee

[Electric Capital / Community Audits] Closed-source codebase, 27 validators, Foundation controls ~49-81% stake

[The Block] JELLY exploit (Mar 2025): validators force-settled positions in 2 minutes, precedent for centralized intervention

[FCA Register] FCA unauthorized warning (May 2026), US IP blocks perps access

[Hyperliquid Foundation] HIP-3 RWAs: $62B/mo volume, 23 of top 30 assets non-crypto (S&P 500, oil, gold, pre-IPO stocks)

[DeFi Llama] HyperEVM: $1.5-2B TVL, 284K contracts deployed, 100+ dApps

[Kinetiq / DeFi Llama] Kinetiq kHYPE: ~$960M TVL, 85% LST market share on Hyperliquid

[Felix Protocol] Felix feUSD: ~$75M market cap CDP stablecoin on HyperEVM

[Grayscale Research] Grayscale: P/E ~14x, called HYPE 'financial services juggernaut'

[Coinbase] Coinbase USDC treasury deployer partnership for HyperEVM liquidity

[Arkham Intelligence] model holds 19.14M HYPE tokens, whale accumulation ongoing

[Hyperliquid Stats] HLP vault: $318M TVL, ~22% trailing 12-month returns for passive LPs

[CoinGecko / DeFi Llama] dYdX collapsed -97%, GMX fading, Hyperliquid is sole DEX perps survivor

[Community / Exchange listings] Not on Binance Global spot, competitive rivalry with CZ system

[Hyperliquid Foundation] 1B max supply, 222M circulating (22.2%), 428M remaining for Season 3 distribution

[Hyperliquid Foundation] Zero VC allocation, entirely self-funded by Jeff Yan, no outside investors pre-launch

View analysis

ETHEthereumBUY LIST

187HOLD CORE

Institutional settlement layer. Commodity classification. Burn collapsed but moat intact.

Price

$1,639.2

MCap

$197.8B

Circ %

100%

Citations

[DeFiLlama] DeFi TVL $46.17B L1, ~$94B system (L1+L2)

[Ropes & Gray / SEC] SEC-CFTC classified ETH as digital commodity (68-page joint release, Mar 17 2026)

[Ainvest / SEC] Goldman Sachs holds 288,294 ETH (~$721.8M) via SEC 424B2 filings

[CoinDesk] BlackRock ETHB staking ETF launched Mar 12, 2026 on Nasdaq

[Electric Capital] 31,869 active developers, #1 system (Electric Capital Sep 2025)

[CoinDesk] ETH/BTC ratio 0.0279, 10-month low (May 12, 2026)

[Memeburn / CoinDesk] 9 senior EF departures in 2026 including Stańczak, Beiko, Monnot, Stark

[beaconcha.in] Post-Pectra burn collapsed to 3.26 ETH/day (-71%)

[Congress.gov / CCN] CLARITY Act passed Senate Banking May 14, Jul 4 signing target

[Farside Investors] Spot ETH ETF cumulative inflows $11.21B, AUM $9.78B

View analysis

WSTETHWrapped Lido Staked ETH

185HOLD CORE

Lido's wrapped staked ETH, the DeFi collateral standard with $26B TVL and native yield; dominant LST by every metric

Price

$2,560

MCap

$8.8B

Circ %

100%

Citations

[DeFiLlama] wstETH TVL exceeds $26B making Lido the largest DeFi protocol globally

[Lido Integrations] wstETH is accepted as collateral by MakerDAO, Aave V3, Compound, Spark, and 30+ DeFi protocols

[Ethereum Foundation Blog] Lido controls ~32% of staked ETH, raising Ethereum validator centralization concerns from the Foundation

BTCBitcoinBUY LIST

183HOLD CORE

Digital gold with spot ETF inflows and 94.5% supply mined. unbeaten store-of-value thesis with sovereign adoption accelerating.

Price

$75,744.55

MCap

$1534.7B

Circ %

94.5%

Citations

[Bloomberg] Bitcoin spot ETFs surpassed $120B AUM by Q1 2026

[BitcoinBlockHalf] Mining reward halved to 3.125 BTC per block in April 2024

[MicroStrategy IR] MicroStrategy holds over 550,000 BTC on corporate balance sheet

View analysis

MKRMaker / Sky

177HOLD CORE

$124M Q1 revenue. 2.7x gross P/S (~6.7x net). $96M buyback (in SKY, not MKR). Sky rebrand: 10.7% migration.

Price

$1,813.7

MCap

$1.6B

Circ %

91%

Citations

[MEXC / CoinLaw] $124M Q1 2026 revenue (gross); net P/S ~6.7x not 2.7x

[CoinLaw] $96M buyback program in SKY tokens (not MKR), ~$114.5M projected

[Webacy] USDS/DAI 3rd largest stablecoin, A- Webacy rating

[DeFiLlama] TVL $7.17B (+24.5% YTD), targeting USDS doubling

View analysis

SOLSolana

170HOLD

High-throughput L1 with dominant DEX volume and meme coin launchpad traction. Network reliability improved significantly post-2023.

Price

$66.57

MCap

$48.7B

Circ %

71.2%

Citations

[Dune Analytics] Solana DEX volume exceeded $500B in 2025

[Jump Crypto] Firedancer validator client targets 1M TPS throughput

[Staking Rewards] Solana staking yield approximately 6-7% annually

View analysis

GEODGEODNETBUY LIST

169HOLD

Revenue NOT declining: Q2 2026 $1.93M (+10% QoQ). ARR $7.3-9.5M. 80% burn Foundation-controlled (governance, not smart contract). ATH $0.3746 not $0.43. 20K+ stations, 150+ countries. P/S 9.9-14.4x (expensive vs Helium 3.1x). Deflationary crossover approaching post-Jun 2026 halving.

Price

$0.16

MCap

$0.1B

Circ %

43.9%

Citations

[CoinGecko/CoinMarketCap] ATH $0.3746 (Jan 25, 2025), NOT $0.43

[DeFiLlama] Q2 2026 revenue $1.93M (+10% QoQ), NOT declining

[DeFiLlama / Messari] Annualized fees $9.5M (DeFiLlama), ARR $7.3M (Dec 2025)

[GEODNET Docs / DePIN Hub] 80% buyback-burn is GeoDAO governance-controlled, not smart contract enforced

[CoinDesk / BusinessWire] Multicoin $8M (Feb 2025), total $15M raised, 22 investors, zero selling evidence

[Messari Q3 2025] 20,500+ RTK stations across 150+ countries, world's largest (4x Trimble)

[Derived calculation] P/S 9.9x on $7.3M ARR (mcap basis), expensive vs Helium 3.1x, Trimble 4.5x

[Grid Economics / Messari] Deflationary crossover threshold $5.5M ARR post-Jun 2026 halving (6 GEOD/day)

[GEODNET Medium] Polygon→Solana migration (GIP-7 Q3 2025), Polygon support until Mar 2027

[GEODNET Substack] NRCAN RTK compliance certification (Sep 2025), only country with formal compliance

[Penn State / FCC] FCC licensing required for distributed RTK radio transmission (UHF 450-470 MHz)

[VanEck] VanEck invested directly, holds <0.5% FDV, published 'Why We're Bullish'

[Grayscale Research] Grayscale Q2 2025 Assets Under Consideration included GEOD

[Messari] Messari quarterly reports (Q1-Q3 2025) + valuation breakdown

[Wikipedia / Congress.gov] Mike Horton CEO, 20+ years GNSS, $50M Crossbow exit, Congressional testimony Apr 2025

[GitHub] 17 GitHub repos, 20 contributors, episodic commits, no open source licenses

[Research (40-agent verification)] NVIDIA/humanoid robot connection is PURE SPECULATION, zero confirmed partnerships

[GEODNET Docs review] No formal 99.9% SLA published for enterprise customers

[Price analysis CoinGecko/CMC] BTC alpha: 0.43 beta, 24% correlation, captures 18% upside but 102% downside

[BusinessWire announcements] 11 confirmed operational partnerships (DroneDeploy, Propeller, Quectel, Bad Elf, USDA, etc.)

[Social media / CES] 130K Twitter followers, 33K Discord, CES 2026 Innovation Award

[GEODNET Docs] Token allocation: 35% mining, 25% team, 25% investors, 10% system, 3% vendor, 2% public

[PolygonScan] Burn contract: 0x...dead on Polygon, 6M+ GEOD burned (Q3 2025)

View analysis

SYRUPMaple Finance

168HOLD

$100M ARR is forward projection (not achieved). 767% AUM growth. 25% revenue buyback. Core Foundation injunction unresolved.

Price

$0.22

MCap

$0.2B

Circ %

98%

Citations

[Maple Finance Q2 2025] $100M ARR is forward run-rate projection (Q4 2025 peak), not achieved ARR

[Maple Finance] 767% AUM growth in 2025 ($516M to $4.59B)

[Maple Tokenomics] 25% of all revenue goes to SYRUP buybacks (not 20%)

[CoinDesk] Sidney Powell (CEO, ex-NAB $3B bonds), Consensus 2026 speaker

UNIUniswapBUY LIST

167HOLD

Fee switch live on 11+ chains. Protocol revenue $26-61M (P/S 57-73x). V4 on 18 chains, 2500+ hooks. 100M UNI burned but NET INFLATIONARY (+1.43%/yr). BlackRock entered Feb 2026. a16z holds 41.5-55M UNI. $200M+ insider selling 2025. Unichain TVL $17.8-29.6M (not $532M). SEC safe harbor Apr 2026.

Price

$2.50

MCap

$1.6B

Circ %

63.4%

Citations

[CoinGecko] ATH $44.97 (May 3, 2021)

[DeFiLlama / Token Terminal] Protocol revenue $26-61M annualized (17% cut on expanding chain set)

[Calculated: $2.5B FDV / $26-61M revenue] P/S ratio 57.9-73.2x on actual protocol revenue

[DeFiLlama] TVL $2.77B across all deployments

[Etherscan] 100M UNI burned Dec 28, 2025 via UNIfication

[Uniswap Governance] UNIfication Proposal #93 passed 99.9% (125M for, 742 against)

[Coin Metrics / Talos] Fee switch live Dec 28, 2025 (17% protocol cut)

[Uniswap Developers] V4 live on 18 mainnet chains with 2,500+ hooks deployed

[DeFiLlama] Unichain mainnet Feb 12, 2025. TVL $17.8-29.6M (not $532M incentive peak)

[CoinDesk] SEC investigation closed Feb 2025 without enforcement

[SEC.gov] SEC safe harbor for DEX front-ends (Apr 13, 2026, 5-year exemption)

[CoinDesk] Risley v. Uniswap dismissed with prejudice (Mar 2, 2026)

[CFTC] CFTC settled Sep 2024 for $175K (margin products only)

[CoinDesk] $200M+ insider/VC selling to exchanges in 2025

[AMBCrypto] $75M whale dump during UNIfication pump (Nov 2025)

[BusinessWire] BlackRock purchased UNI tokens + listed BUIDL on UniswapX (Feb 2026)

[Etherscan / Boardroom] a16z holds 41.5-55M UNI, actively voting in governance (NOT exited)

[BanklessTimes] Bitwise filed S-1 for spot UNI ETF (Feb 5, 2026)

[Fireblocks] Fireblocks $6B deployed via institutional channel

[Etherscan] Top 10 holders control 50.81% of UNI supply

[CoinLaw / CoinGecko] DEX market share ~55% by volume, $37.5B monthly

[Bitget News] Record 134,000 UNI burned single day (Jun 5, 2026)

[UNIfication proposal analysis] Net inflationary +1.43%/yr (20M growth budget > 4.4M annual burns)

[PitchBook / LinkedIn] 270 employees, Hayden Adams CEO

[CoinDesk] Foundation held $85.8M year-end 2025, committed $26M grants

[DeFi research] Fluid surpassed Uniswap with 55% stablecoin DEX share

[Uniswap Blog] Front-end fees eliminated Dec 27, 2025

[Uniswap Blog] Guidestar acquisition Feb 2026 for AMM routing

[Congress.gov] CLARITY Act passed House Committee, designates UNI as digital commodity

View analysis

COWCoW Protocol

167HOLD

Intent-based batch auction DEX. $87B vol 2025. P/S 3.1x. Net deflationary. Vesting complete.

Price

$0.14

MCap

$0.1B

Circ %

58%

Citations

[CoW DAO 2025 Review] $87B trading volume in 2025 (2.2x YoY from $40.2B). $202B all-time cumulative

[DeFiLlama] $26.2M annualized revenue, $42M all-time DAO revenue

[CoW DAO May 2026 Recap] Net deflationary: 78.6M COW bought back vs 66.6M emitted (-12M net, Apr 2024-May 2026)

[CoW DAO] #2 DEX aggregator at 16.8% market share (behind 0x API at 18.7%)

[CoW DAO May 2026 Recap] $1.21B surplus returned to users all-time (MEV protection metric)

[CryptoRank / CoW Docs] All vesting complete March 28, 2026. 4-year linear schedule concluded

[CryptoTimes] Burn proposal: 60-85M COW from 357M DAO treasury through Dec 2026

[The Block] Aave integration: all swaps on aave.com routed through CoW solvers

View analysis

LINKChainlinkBUY LIST

165HOLD

70% oracle dominance. DTCC Q4 2026. SOC 2 Type 2. $500M/yr treasury sell pressure. 2 ETFs live.

Price

$7.79

MCap

$5.7B

Circ %

72.7%

Citations

[OpenPR / Chainlink Q1 Review] CCIP $18B Q1 2026 volume, +62% QoQ, +319% YoY

[OpenPR] 69.9% oracle market share by TVS

[Crypto News] $110B+ Total Value Secured (ATH)

[CoinDesk] DTCC Collateral AppChain Q4 2026 launch using CRE

[CryptoBriefing / On-chain data] 163.65M LINK (~$1.81B) transferred to Binance from team wallets 2022-2026

[Genfinity] SOC 2 Type 2 by Deloitte completed April 21, 2026, ONLY oracle with this certification

[Chainlink Blog / brrrdao] SVR $18.3M cumulative, 99% oracle MEV capture, but only 20.9% recapture rate

[Cryptopolitan / CoinGape] Grayscale GLNK + Bitwise CLNK ETFs both live, $85M+ AUM

[Hokanews / MEXC] 805 whale wallets (100K+ LINK), record high. 33M LINK accumulated by whales

[OpenPR / CryptoNews] Chainlink Reserve ~4M LINK accumulated via Payment Abstraction, +475,930 in May 2026

[Chainlink Blog / Everstake] Staking v0.2 full at 45M LINK, v0.3 expanding to 75M. APY 4.32%. Rewards from treasury, NOT fees

[BingX / OpenPR] SEC-CFTC joint interpretation: LINK classified as digital commodity (Mar 17, 2026)

[Crypto News / CoinDesk] LayerZero $292M KelpDAO exploit → $4B+ migrated to CCIP (Kraken, Solv, Lombard)

[CFTC] Nazarov appointed to CFTC Innovation Advisory Committee (Feb 2026)

[AWS Blog] AWS Marketplace listing for Chainlink Data Standard (Apr 24, 2026)

View analysis

ETHFIEther.fi

162HOLD

$7.8B TVL on $350M mcap (22x TVL/MC). $50M buyback active. 84% circ. 250M token unlocks ahead.

Price

$0.38

MCap

$0.3B

Circ %

84%

Citations

[DeFiLlama] $7.8B TVL, #2 liquid staking protocol

[EtherFi Governance] $50M buyback approved with 99% governance support below $3

[CryptoNewsNavigator] $400M+ cumulative revenue generated

[EtherFi Docs] 100% withdrawal fee revenue to weekly ETHFI buybacks

View analysis

PENDLEPendle Finance

160HOLD

DeFi's yield monopoly: 50-60% market share, $24.4M trailing rev, sPENDLE 80% buyback (9.3% yield). Fortune 2026 Innovators. Vietnam IFC w/ BlackRock/MS. 21Shares ETP live. Boros V3 $10B+ vol. All vesting complete. Net dollar-deflationary.

Price

$1.36

MCap

$0.2B

Circ %

60.7%

Citations

[DeFiLlama] TVL $1.171B across 11 chains (ETH $796M, Plasma $195M, Arb $139M, HyperL1 $25M, BSC $11M)

[DeFiLlama / Token Terminal] 30d revenue $896,892. 30d fees $914,957. Annualized trailing $24.4M. 2025 full-year $44.6M (+134% YoY)

[CoinDesk / BanklessTimes] sPENDLE launched Jan 20, 2026. 80% revenue to PENDLE buybacks. 14-day unstake. Replaced 2-year vePENDLE locks

[Fortune] Fortune Crypto Innovators 2026 list (Jun 11), among 30 leading projects globally

[CryptoBriefing / Benzinga] Vietnam IFC delegation (Mar 2026): TN Lee alongside BlackRock, Morgan Stanley, Deutsche Bank, Franklin Templeton

[Bitget / Phemex] Boros V3: $10B+ cumulative notional volume (Feb 2026, 2.7x faster than V2). $250M peak OI. $2.9B monthly volume

[CoinLaw] 21Shares Pendle ETP (APEN) live on SIX Swiss Exchange. Regulated PENDLE exposure for European investors

[Blockchain News / BitcoinWorld] Team deposited 600K PENDLE to Binance May 13, 2026 ($1.27M). Cumulative $9.76M sold. 25.59M remaining (15% circ)

[BeInCrypto / BlockchainReporter] Arthur Hayes: accumulated ~$1.7M in PENDLE. Then transferred 950K PENDLE ($1.14M) to exchange Feb 2026

[AInvest / EarnPark] KYC Citadels: regulated access via isolated SPVs. Shariah-Compliant Citadel targeting $4.5T Islamic finance

[Bitget] RWA TVL $151M across USDY, USYC, USDG (Paxos), apxUSD, apyUSD. Growing over 8 months

[Pendle Docs / OAK Research] Terminal 2% inflation active since Apr 2026. ~3.42M PENDLE/yr. Algorithmic emissions cut ~30% vs gauge voting

[MEXC / DeFiLlama] 50-60% market share in yield tokenization. Spectra (only competitor) ~$30M TVL = ~25x smaller. Element/Yield DEAD

[CryptoPotato] Plasma chain: $195M TVL, launched Jan 15, 2026, +$318M TVL in first 96 hours

[Phemex] $7.49M in CHIPS distributed to sPENDLE holders (Apr 2026). Revenue buyback yield ~9.3% annualized at current rates

View analysis

RETHRocket Pool ETH

159HOLD

Decentralized ETH liquid staking token from Rocket Pool; most trust-minimized LST with permissionless node operators

Price

$2,316.5

MCap

$0.8B

Circ %

100%

Citations

[Rocket Pool Docs] Rocket Pool rETH accrues staking rewards automatically via exchange rate appreciation vs ETH

[DeFiLlama] Rocket Pool TVL ~$2.1B, second-largest decentralized ETH staking protocol

[Rocket Pool Blog] Rocket Pool Saturn upgrade improves capital efficiency for node operators, targeting higher rETH APR

CBETHCoinbase Wrapped Staked ETH

158HOLD

Coinbase's centralized ETH liquid staking token; simplest onramp but carries custodial risk and Coinbase counterparty exposure

Price

$2,395.82

MCap

$0.3B

Circ %

100%

Citations

[Coinbase] cbETH exchange rate vs ETH is 1.13078, reflecting accumulated staking rewards since launch

[DeFiLlama LST Rankings] cbETH market cap ~$1.82B making it the 3rd largest ETH LST by TVL

[SEC v. Coinbase] cbETH carries Coinbase custodial risk, SEC enforcement actions against Coinbase remain a tail risk

AEROAerodrome Finance

157HOLD

Base's dominant DEX capturing ~60% of chain volume with real fee revenue and veAERO flywheel locking supply

Price

$0.43

MCap

$0.4B

Circ %

48%

Citations

[DefiLlama] Aerodrome generated over $1M in daily fees at peak, dominant on Base chain with ~60% DEX market share

[DefiLlama TVL] veAERO locking mechanism reduces circulating supply pressure; TVL consistently above $800M in Q1 2026

[Aerodrome Docs] Aerodrome is the official Velodrome V2 deployment on Base, backed by Optimism system

View analysis

MORPHOMorpho

157HOLD

Infrastructure lending protocol with $6.4B TVL and $203M annualized fees but ZERO revenue to token holders, fee switch OFF, founder opposes activation

Price

$1.92

MCap

$1.2B

Circ %

65%

Citations

[DefiLlama] Morpho generates $203M annualized fees but DAO revenue is $0, fee switch has NEVER been activated

[The Token Dispatch] Fee switch legal/tax work incomplete since Feb 2025. Founder Paul Frambot opposes distribution, advocates reinvesting.

[DefiLlama] TVL $6.4B across Ethereum ($3.3B) and Base ($2.5B). Down from $7.2B peak May 2026.

[Fortune] $175M raised June 9, 2026 led by model, a16z crypto, Ribbit Capital at ~$2B valuation

[Whale Alert] Apollo Global acquiring up to 90M MORPHO (9% stake) over 4 years via open market + OTC

[The Block] Coinbase Loans manages $1.6B+ collateral via Morpho Blue on Base. UK expansion Apr 2026.

[Morpho Docs] Morpho Blue is 650-line immutable contract. No admin keys, no upgrades. Audited by Spearbit, OpenZeppelin, ChainSecurity, Cantina.

[CoinGecko] ATH $4.17 on January 17, 2025. Current $1.923 = -53.9% from ATH.

[Tokenomist] 65% circulating (646M/1B). Founders vesting through May 2028. Cohort 3 through Nov 2027.

[CryptoNinjas] MORPHO listed Binance Oct 3, 2025 with $6.5M BNB airdrop. Now on 44 exchanges.

[KuCoin] Morpho Midnight fixed-rate lending protocol launched June 8, 2026. Open-sourced.

[Token Terminal] RWA deposits grew from $1.5M → $820M+ in 2025-2026. Apollo, Centrifuge, Steakhouse curators.

[Phemex] #2 DeFi lending protocol by TVL. 21% market share. Gaining on Aave rapidly.

[CoinSpot] One wallet controlled >50% voting power as of mid-2025. Governance highly concentrated.

[Binance OHLCV] MORPHO +24% vs BTC -44% over 5 months = +68% alpha. MORPHO/BTC ratio up 122%.

[GitHub morpho-org] Morpho Blue: 4 commits in 90 days (maintenance). Vault-v2: 34 commits. SDKs: v3.2.0 Jun 5.

[Morpho Forum] 128 governance proposals. ZERO fee switch proposals ever submitted.

[Morpho Blog] April 2025: $2.6M frontend SDK vulnerability. White hat returned all funds. Core contracts unaffected.

[CoinMarketCap] Apyx stablecoin depeg Jun 4, 2026 exposed use loop risk on Morpho. MORPHO dropped 6%.

[Tracxn] Team: 70 employees, Paris HQ. Founded Aug 2021 by Paul Frambot (CEO), Merlin Egalite, Mathis GD, Julien Thomas.

[Morpho Forum MIP 131] DAO treasury: 354M MORPHO (~$680M). $175M fresh capital. 150M MORPHO grant 2026-2030.

[Etherscan] Seed wallet (0x6ABf) distributed 750K MORPHO to Binance/Coinbase in early June 2026.

[DL News] French nonprofit structure (Morpho Association). No SEC/CFTC actions. MiCA compliant architecture.

View analysis

AAVEAave

156HOLD

KelpDAO $190-230M bad debt, 3 core team departures (ACI/BGD/Chaos), buybacks PAUSED. But $142M rev, 55-63% share, V4+Umbrella live, SEC cleared.

Price

$63.25

MCap

$1.0B

Circ %

96.3%

Citations

[CoinDesk] KelpDAO LayerZero bridge exploit: $292M hack, $190-230M bad debt on Aave, Lazarus Group attributed

[CoinDesk] DeFi United raised $160M of $200M needed; rsETH operations restored May 26, 2026

[Aave Governance Forum] ACI (61% of governance actions) departing March 2026; BGD Labs (V3 builder) departed April 2026

[CoinDesk] Chaos Labs (risk manager) departed April 6, 2026, third core contributor exit

[CoinDesk] 'Aave Will Win' passed 75%: 100% product revenue redirected to DAO treasury

[The Defiant] Aave V4 live on Ethereum mainnet March 30, 2026, hub-and-spoke architecture

[CryptoSlate] Umbrella safety module LIVE June 5, 2026, automated on-chain slashing

[CryptoNomist] $1 trillion cumulative loan volume milestone, February 2026

[CoinMarketCap] GHO supply ~$584M, cross-chain via Chainlink CCIP (Arb, Base, Avax)

[Crypto Times] Morpho $175M raise at $2B valuation (model, a16z), fastest-growing competitor

[Aave Governance] Buybacks paused April 19, 2026; 205K AAVE (1.28% supply) purchased before pause

[CryptoRank] Grayscale S-1 filed for spot AAVE ETF, February 2026

[Congress.gov] CLARITY Act DeFi safe harbor, non-custodial developers get statutory SEC protection

[MEXC] SEC closed 4-year Aave investigation without enforcement, August 2025

[Aave Blog] Horizon institutional RWA market: $550M deposits, targeting $1B by end 2026

View analysis

LQTYLiquity

151HOLD

V2 is RE-deployment after Jan 2025 bug (same auditors didn't catch it). 99% circ. BOLD $30M (<0.01%).

Price

$0.25

MCap

$0.0B

Circ %

99%

Citations

[Bitget News] V2 RE-deploys May 19 2026 after Jan 2025 bug (same 800+ auditors didn't catch original bug)

[Liquity Blog] 15+ signed V2 fork licenses (Felix $190M TVL, Nerite confirmed; FIRM unverified)

[DeFiLlama] 99% circ supply, no cliff unlocks, $27M mcap on $2.55M annualized V2 fees

[Liquity Blog] Bribe market: 53%+ LQTY staked governing PIL allocation, Curve-like flywheel

View analysis

JUPJupiter

151HOLD

S39 VALIDATED: Solana's DeFi superapp. 93.6% aggregator share, $2.9B TVL. Revenue declining -78% but net-zero emissions + vesting done.

Price

$0.15

MCap

$0.5B

Circ %

47.4%

Citations

[CoinGecko] ATH $2.04 on Jan 31, 2024 (not $1.85)

[DeFiLlama] $129M annualized protocol revenue (down from $580M in 2025)

[Token Terminal] Revenue declining: $580M (2025) → $129M run-rate (Q2 2026)

[SolanaFloor] 93.6% aggregator market share on Solana

[Crypto.news] $70M buyback spent, price fell 89%, program HALTED

[SolanaFloor] Net-zero emissions passed Feb 2026, all vesting complete Jan 27 2026

[CoinMarketCap] 3B token burn Jan 2025 (10B → 7B supply)

[Blocmates] Jupnet omnichain is TESTNET only, zero live volume

[DeFiLlama] Jupiter Perps: $72M OI, $624M JLP TVL, 19.8% APY

[PRNewswire] Securitize + Jump onchain equities LIVE May 5, 2026

[DeFiLlama] Jupiter Lend $2B+ TVL, #2 Solana lending, launched Aug 2025

[Blockonomi] LIBRA scandal: Ben Chow resigned, Fenwick investigation

[Blockworks] Meow posted racial slur on X, JUP dropped 7.7%

[The Defiant] DAO governance paused Jun 2025-early 2026

[CoinCarp] 72% of JUP held by top 10 wallets

[Yahoo Finance] ParaFi $35M, first-ever external capital (Feb 2026)

[SolanaFloor] DFlow briefly flipped Jupiter at 48.5% aggregator share (Nov 2025)

[MEXC Research] 40-50% of Jupiter volume is atomic arbitrage

[DeFiLlama] Monthly volume $15.5B (down 91% from $174B Jan 2025 peak)

[IQ.wiki] ~90 employees, 15-20 ex-founders, Meow pseudonymous founder

[Jupiter] ASR: 50M JUP/quarter to stakers who vote

[App Store] Jupiter Mobile: 1.1M users, 4.9/5 rating

[Jupiter Docs] Zero protocol exploits in 4+ years, 15+ audits

[CoinGecko] +65pp BTC alpha over 12 months (JUP +22% vs BTC -43%)

View analysis

CETUSCetus Protocol

147HOLD

Leading CLMM DEX on Sui with near-monopoly status; strong TVL growth as Sui system expansion accelerates

Price

$0.03

MCap

$0.0B

Circ %

55%

Citations

[DefiLlama] Cetus is the dominant CLMM DEX on Sui, consistently holding 50%+ of Sui DEX market share

[DefiLlama] Sui TVL surpassed $2B in 2025, directly benefiting Cetus as the primary liquidity venue

[Cetus Blog] Cetus recovered from 2023 $22M exploit; security improved with audits and oracle upgrades

View analysis

SUISui

146HOLD

Move-language L1 with best TVL growth trajectory in 2025-2026. Near ATH with strong DeFi traction but heavy unlock schedule is key risk.

Price

$1.05

MCap

$4.1B

Circ %

33.5%

Citations

[DeFiLlama] Sui TVL grew from $200M to $2.1B in 2025, fastest growth among L1s

[Messari] Sui circulating supply only 33% of total with major unlocks through 2028

[Dune Analytics] Sui DEX volume reached $5B weekly in peak 2025 periods

View analysis

LDOLido DAO

146HOLD

Dominant LST protocol at $21B TVL with real staking revenue; fee switch vote pending but token accrual still weak.

Price

$0.35

MCap

$0.3B

Circ %

89%

Citations

[DeFiLlama] Lido controls ~28% of all staked ETH with $21.5B TVL as of May 2026

[Lido Forum] LDO fee switch governance proposal under active discussion in Lido DAO forums

[Token Terminal] Lido generates ~$150M annualized protocol revenue from 10% ETH staking fee take

[CoinGecko] LDO ATH $6.41 reached January 2024

View analysis

OKBOKB

145HOLD

OKX exchange token. Quarterly buyback & burn from gas fees.

Price

$52.5

MCap

$2.0B

Circ %

100%

BNBBNB

144HOLD

Binance exchange utility token with quarterly burns. Highly tied to Binance CEX health and regulatory outcome.

Price

$670.1

MCap

$88.7B

Circ %

62.8%

Citations

[Binance Blog] Binance burned over 2.3M BNB in Q1 2026 quarterly burn

[DOJ] CZ received 4-month prison sentence for BSA violations in 2024

[DeFiLlama] BNB Chain TVL stabilized around $5B in early 2026

View analysis

GMXGMX

143HOLD

Protocol revenue ~$14M (not $42M total fees). Commodity perps live ($1.18B week-1). $20.86M buybacks.

Price

$6.73

MCap

$0.1B

Circ %

78.5%

Citations

[aixbt/X/DeFiLlama] 24/7 gold/silver perps: $1.18B volume, $790K fees in week 1. Protocol rev ~$14M (not $42M total fees)

[CoinGecko/GMX Substack] $20.86M in buybacks (1.33M GMX, 12.9% of supply)

[GMX Substack] March 2026 governance overhaul: rewards locked until GMX hits $90

[CoinMarketCap] Hard cap 13.25M supply, 78.5% already circulating

View analysis

DRIFTDrift Protocol

142HOLD

Most active perp DEX on Solana. v3 cross-margin launching June 2026. 35% Solana perp market share.

Price

$0.03

MCap

$0.0B

Circ %

25%

Citations

[DeFiLlama Derivatives] 35% Solana perp DEX market share

PAXGPAX Gold

141HOLD

1:1 gold-backed token. Each PAXG = 1 troy oz London Good Delivery gold.

Price

$4,537

MCap

$2.1B

Circ %

100%

SKYSky (formerly Maker)

141CAUTIOUS HOLD

VALIDATED: DeFi revenue leader ($246M net, P/S 5.4x) but headline '$435M' is GROSS before $165M SSR payouts. Buybacks slashed 87% until ~Nov 2026. Net inflationary 4.4%/yr. TVL declining $7.5B→$6.0B. S&P B-. #3 stablecoin ($12.9B). Revenue real but token value accrual IMPAIRED.

Price

$0.06

MCap

$1.3B

Circ %

99.1%

Citations

[DeFiLlama] DeFiLlama LIVE: Annualized Fees $411M, Revenue (net after SSR) $246M, Holders Revenue $97M. 30d fees $31.43M

[PR Newswire (Sky Frontier Foundation)] Q1 2026: $123.79M GROSS, ~$61M NET, $46.04M surplus, 49.06% net margin (SFF PR Newswire)

[GlobalFintechSeries (SFF PR)] $435M is GROSS revenue (SFF self-reported Dec 2025). Net after SSR payouts = $246M. Not audited

[Chainwire (SFF PR)] $611.5M forecast is SFF's OWN projection. Requires USDS doubling to $20.6B. Current $8.44B (DeFiLlama)

[DeFiLlama] TVL $6.016B (DeFiLlama live Jun 14). Down from $7.52B peak Mar 2026 (-20%). Spark $4.45B (not $7.9B)

[CoinDesk / DL News] Smart Burn slashed 87%: Governance Poll 1620 (Mar 13-14, 2026). 300K→37.6K USDS/day. Reserve $70.6M of $125M

[Tokenomics.com / CoinDesk] Net inflationary: ~1,276M emissions/yr (600M USDS rewards + 676M staking) vs ~241M burns = 1,035M net inflation

[Sky Forum] SSR cut from 4.75% to 3.60% on May 26, 2026 (BA Labs recommendation, SP-BEAM #30)

[DeFiLlama Stablecoins API] USDS: DeFiLlama $8.44B vs CoinGecko $10.8B (includes DAI wrappers). DAI $4.42B. Combined $12.87B = #3

[CoinDesk] S&P B- rating Aug 11, 2025 (not Aug 7). Stablecoin Stability: 4 'constrained'. Compared to Congo bonds

[Rekt News / The Defiant] Rune emergency vote Feb 18, 2025: GSM 30h→18h, debt ceiling 20M→45M. Critics banned. Three Sigma: 'hostile takeover'

[CoinLaw / Cointelegraph] PSM holds $4.13B USDC (~35% of collateral). $756M USDC in EOA (Coinbase Custody MPC, keys allegedly destroyed)

[CoinDesk] Keel: $2.5B is MANDATE, not deployed. $500M campaign launched Dec 2025. Actual Solana deployment unknown

[BusinessWire / The Block] Grove: $1B CONFIRMED deployed into Janus Henderson Anemoy AAA CLO Strategy. Sky's own capital at risk

[CoinGecko / DL News] SPK token: $0.0199, -89% from ATH $0.1845. $55M MCap. 300M airdrop dumped 54%. Stars fragment value from SKY

View analysis

CRVCurve Finance

140HOLD

44% of ETH DEX fee revenue is extraordinary. veCRV/Convex lock-in. ATH -96% (not -99.6%, illiquid spike).

Price

$0.23

MCap

$0.3B

Circ %

66%

Citations

[Financial News UK] 44% of Ethereum DEX fee revenue, $10.2M annualized to veCRV

[CryptoTimes] Egorov liquidated TWICE ($140M+), 17M CRV grant controversy

[DeFiLlama] $3.2B TVL across all chains

[Tokenomics.com] veCRV model: Convex controls ~50% of votes

View analysis

ARArweave

140HOLD

Permanent data storage with one-time payment model. AO compute layer adds programmability. 65M+ items stored but token price lags data growth.

Price

$14.5

MCap

$0.1B

Circ %

100%

Citations

[ViewBlock] Arweave has permanently stored over 65M transactions and files on its permaweb

[Arweave] AO parallel compute layer launched on Arweave enabling actor-model programming

[Arweave Yellow Paper] Arweave storage endowment model assumes AR price appreciation to cover perpetual storage

View analysis

INJInjective

139CAUTIOUS HOLD

Finance-first L1 with aggressive burn mechanism and real derivatives volume. P/S ratio improving but TVL still modest vs valuation.

Price

$5.70

MCap

$0.6B

Circ %

80%

Citations

[Injective Foundation] Injective burns INJ weekly from protocol fee auctions reducing supply

[Injective Analytics] Injective processed over $30B in cumulative derivatives volume

[Staking Rewards] INJ staking yields approximately 12-15% annually

View analysis

KMNOKamino Finance

138CAUTIOUS HOLD

S38 VALIDATED: #1 Solana lending, $3.2B TVL, $14.3M rev, but ZERO value accrual to KMNO. Excellent protocol, worthless token.

Price

$0.01

MCap

$0.1B

Circ %

47%

Citations

[DeFiLlama] $3.2B TVL, #1 lending protocol on Solana

[DeFiLlama] $14.33M annualized protocol revenue (not $17M as claimed)

[Token Terminal] Revenue declining: $35.7M Q1 2025 → $11.9M Q2 2026 (-67%)

[CoinGecko] ATH $0.2472 on Dec 15, 2024 (not $0.12 as previously listed)

[Kamino Docs] ZERO value accrual: no fee sharing, no buyback, no burn, no real staking yield

[Kamino Governance] Staking = 'stake KMNO to earn more KMNO' (emissions only)

[Kamino Governance Forum] No governance proposal for fee sharing ever submitted

[Token Unlocks] 229M tokens/month opening through Apr 2027

[CoinGecko] 47% circulating (4.68B of 10B), massive dilution ahead

[Anchorage] Anchorage Digital tri-party custody pilot with The Solana Company ($201M)

[Bitwise] Bitwise $259M Solana Staking Fund integration

[DeFiLlama] Ethena $1B+ deposits within days of launch on Kamino

[Kamino Docs] Lend V2 live: modular lending, isolated markets, RWA support ($1.23B)

[DeFiLlama] Jupiter Lend emerging competitor: $873M TVL, fastest growing on Solana

[Crypto Twitter / Community] Kamino blocked Jupiter Lend refinancing (anti-competitive controversy)

[DeFiLlama] Hubble Protocol origin: HBB token -96%, USDH stablecoin wound down

[Token Terminal] P/S ratio 4.97x vs Jupiter 3.91x, Raydium 3.41x, not cheap relative to peers

[Kamino Security] 18+ security audits, zero exploits, $1.5M bug bounty

[LinkedIn / Kamino] Team ~9-11 employees, founded by ex-Hubble Protocol team

[Crunchbase] Only $10M total funding raised (Solana Ventures, Multicoin Capital)

[TradingView] BTC alpha: -55.56pp underperformance vs BTC over 12 months

[Binance] $167K daily volume on Binance, extremely thin liquidity

[Kamino Governance] Community questioning token utility on governance forum

[Kamino App] RWA markets $1.23B TVL, genuine institutional traction

View analysis

FLUIDFluid (Instadapp)

138CAUTIOUS HOLD

Unique Smart Collateral/Debt DeFi primitive (39x capital efficiency). $12.66M rev trailing BUT $5.6M current run rate (declining -63%). Buybacks HALTED post-Resolv ($21M bad debt). TVL -92% from peak. P/S 6.8x trailing / 15.4x current. Zero inflation, 78.7% circ. Top-tier VCs (Pantera, Naval, Coinbase). 55% stablecoin swap share.

Price

$1.09

MCap

$0.1B

Circ %

78.7%

Citations

[DeFiLlama] DeFiLlama: Fees $76.07M annualized, Revenue (net to protocol) $12.66M, 30d revenue $559,823

[DeFiLlama] TVL $726.38M total (Lending $592.87M + DEX $245.04M). Down from $9.2B peak Feb 2025 (-92%)

[DeFiLlama DEX API] DEX volume: $225.6B cumulative all-time, $5.13B/30d. Fastest DEX to $100B

[CoinJournal / Dune Analytics] Stablecoin swap market share 55.5% across ETH/Base/Arb/Polygon (Aug 2025 Dune data)

[Blockonomi / DeFiPrime] Resolv bad debt: $21M absorbed (Resolv $9.7M + Fluid DAO $8.2M + team $1.5M). Buybacks halted

[CryptoTimes] Key compromise May 27: 125K FLUID + 51.9K GHO stolen. 4-day disclosure delay. Core unaffected

[Tokenomist.ai] 100M hard cap. Zero inflation. Fully unlocked since June 2025. 78.69M circulating (78.7%)

[CoinDesk] Seed $2.4M (Pantera, Naval, Coinbase Ventures, Robot Ventures). Series A $10M (Standard Crypto, Cronje)

[Unchained Crypto] Jupiter Lend powered by Fluid on Solana. Bitwise-curated isolated market launched May 13, 2026

[CryptoAdventure] Venus Flux on BNB Chain launched Feb 26. Hit $100M market size in 6 hours

[Instadapp Blog / Apollo Crypto] Smart Collateral/Debt: 39x capital efficiency at 95% LTV wstETH-ETH vault. 15% gas savings vs Uni v4

[Fluid Docs] 7+ audits: MixBytes, StateMind, Cantina, PeckShield, OpenZeppelin. $500K Immunefi bounty

[Token Terminal] Token Terminal confirms 30d revenue $554.5K (matches DeFiLlama $559.8K). Revenue DECLINING

View analysis

AVAXAvalanche

138CAUTIOUS HOLD

Best institutional traction among alt-L1s (3 ETFs, BlackRock BUIDL $475M, SEC commodity, FIFA World Cup, CME futures). Revenue weakness real ($767K/yr current vs HYPE $694M = 905x gap). Subnet L1s complement, not cannibalize.

Price

$6.71

MCap

$2.9B

Circ %

60%

Citations

[CoinMarketCap] ATH $146.22 on Nov 21, 2021

[SEC/Nasdaq] 3 AVAX ETFs: VAVX (VanEck Jan 26), GAVA (Grayscale Mar 12), BAVA (Bitwise Apr 15)

[SEC] SEC/CFTC Release 33-11412: AVAX classified as digital commodity (Mar 17, 2026)

[DeFiLlama] BlackRock BUIDL $474.92M on Avalanche (4th largest chain, total $3B+)

[Bitcoin.com] FIFA World Cup 2026 ticketing on Avalanche L1, 60K+ blockchain transactions

[CoinDesk] California DMV 42M vehicle titles on permissioned Avalanche subnet

[Avalanche Blog] Progmat $2B+ tokenized securities migration from Corda to Avalanche L1 (completion Jun 2026)

[The Block] Securitize EU DLT Pilot license + Investment Firm (CNMV Spain), deploying on Avalanche

[CME Group] CME AVAX futures launched May 4-5, 2026; 24/7 trading from May 29

[Avalanche Builder Hub] 100% of tx fees (base+priority) burned; validators paid only from staking emissions

[Avalanche Builder Hub] Avalanche9000 Etna upgrade Dec 16 2024: L1 costs reduced 99.9%, ACP-77 removes 2K AVAX requirement

[DeFiLlama] TVL $476.31M (DeFiLlama), peak was $11.4B Nov 2021 (not $2.3B as previously claimed)

[Messari] Validator collapse: 1,465 (Q4 2024) → 656 (Q4 2025), -55% decline

[BlockchainMagazine] MapleStory Universe: 3.82M accounts, 150M+ txns on Henesys L1 (Avalanche)

[Morpho Docs] MORPHO is NOT an AVAX competitor (DeFi lending protocol, different stack layer)

[StakingRewards] Staking APY 6.72-6.83%, 50-55% of supply staked

[Chainspect] 824 active developers (ranked 19th), RWA niche #3 globally

[AVAX One] AVAX One (Nasdaq): 14M AVAX staked, targeting $700M+ accumulation

[TheDefiant] RWA TVL $1.24-1.3B on Avalanche, +950% YoY

[OneSafe/CoinLaw] Net-inflationary: burns ~547K AVAX/yr vs ~32M AVAX/yr emissions (60x gap)

[The Block] Daily active addresses 550K-650K, daily txns 2.5-3.5M

[Messari] AWS hosts 67.4% of staked AVAX (infrastructure centralization risk)

[Grayscale] Grayscale GAVA ETF: $5.56M AUM, 86.57% staked, net 4.22% yield

[KuCoin] Hyperliquid 2025 revenue $844M (vs AVAX $8.3M full-year 2025)

[TronWeekly] Bridge inflows net positive: $135M net Feb 2026, $2.9B 7-day Mar 2026

[The Block] Vault Coalition (Jun 5, 2026): AVAX joins Galaxy, Morpho, a16z for regulatory clarity

[Avax.network] Avalanche Summit V: Sep 16-17, 2026 in New York

[Team1 Blog] NHN KCP PAYCO stablecoin pilot: 2-second settlement, 1,000+ merchants

View analysis

ENSEthereum Name Service

137CAUTIOUS HOLD

Ethereum's dominant naming system with $2M+ monthly protocol revenue and a fee switch already enabled

Price

$6.40

MCap

$0.3B

Circ %

65%

Citations

[Token Terminal] ENS protocol generated over $2M in monthly registration revenue in early 2025

[ENS Docs] ENS V2 targets L2 deployment to reduce gas costs and expand usage

[ENS App] ENS has 3M+ registered names and is the dominant on-chain identity layer on Ethereum

View analysis

ACXAcross Protocol

137CAUTIOUS HOLD

Intent-based cross-chain bridge. Highest revenue-per-dollar-bridged. 100% fee buyback to stakers.

Price

$0.04

MCap

$0.0B

Circ %

60%

Citations

[DeFiLlama Bridges] Intent-based bridge with highest revenue efficiency

NEARNEAR Protocol

135CAUTIOUS HOLD

46M MAU, $117M TVL. P/S 32-38x (not 290x, post-Intents revenue). AI Intents already live.

Price

$2.66

MCap

$3.6B

Circ %

100%

Citations

[NEAR Protocol blog] 1M TPS achieved in public test

[DeFiLlama] $117M TVL

[Token Terminal] 32-38x P/S post-Intents (not 290x, which was pre-Intents stale data)

[NEAR Foundation] AI Confidential Intents already live, revenue improving

View analysis

BANANABanana Gun

135CAUTIOUS HOLD

Telegram trading bot with real revenue and buyback mechanism but entirely dependent on on-chain trading volume cycles

Price

$3.88

MCap

$0.0B

Circ %

92%

Citations

[Dune Analytics] Banana Gun generated ~$30M in protocol revenue in 2024 via 1% fee on all Telegram bot trades with buyback

[CoinMarketCap] BANANA nearly fully circulating (92%+) reducing open risk, with daily buybacks from fee revenue

[Messari] Telegram trading bot sector revenue highly cyclical, peaking with meme coin mania in 2024

View analysis

BGBBitget Token

135CAUTIOUS HOLD

Bitget exchange token. Quarterly buyback & burn. Copy trading platform.

Price

$5.20

MCap

$1.4B

Circ %

76.6%

ARBArbitrum

134CAUTIOUS HOLD

Largest Ethereum L2 by TVL with Arbitrum One and Nova chains. Real DeFi hub but token governance hasn't yet captured protocol value effectively.

Price

$0.11

MCap

$0.7B

Circ %

42%

Citations

[DeFiLlama] Arbitrum TVL exceeded $2.2B as of May 2026, largest among Ethereum L2s

[Arbitrum Foundation] Stylus upgrade enables Rust and C++ smart contract development on Arbitrum

[Messari] ARB circulating supply 42% of total with investor unlocks through 2027

View analysis

JTOJito

134CAUTIOUS HOLD

Solana MEV and liquid staking with $2.8B TVL; jitoSOL growing fast but JTO governance has no direct fee accrual yet.

Price

$0.50

MCap

$0.2B

Circ %

74%

Citations

[DeFiLlama] Jito's jitoSOL holds $2.8B in assets making it one of Solana's largest liquid staking protocols

[Jito Labs Blog] Jito MEV infrastructure processes ~60-70% of Solana blocks capturing MEV tips for stakers

[CoinGecko] JTO ATH $6.00 reached January 2024 shortly after TGE airdrop to jitoSOL holders

SAFESafe (formerly Gnosis Safe)

132CAUTIOUS HOLD

Token for the dominant smart-contract wallet securing $100B+ in assets, but governance token with minimal direct value accrual so far

Price

$0.15

MCap

$0.1B

Circ %

22%

Citations

[Safe Global] Safe wallets collectively hold over $100B in assets across 40+ chains as of 2025

[CoinGecko] Only 22% of SAFE token supply is circulating; large unlocks scheduled through 2027

[Safe Forum] Safe DAO launched with $1B+ treasury but token has no direct fee share yet

View analysis

VIRTUALVirtuals Protocol

130CAUTIOUS HOLD

AI agent launchpad on Base with 18K+ agents but revenue collapsed 96% ($225K/day peak to $8.9K/day). aGDP is vanity metric. 93% whale concentration. ERC-8183 with Ethereum Foundation is real moat signal

Price

$0.65

MCap

$0.4B

Circ %

65.7%

Citations

[DeFiLlama] Revenue peaked $3.9M/month Q4 2024, collapsed to $8.9K/day Jun 15 2026 (96% decline)

[Virtuals Protocol / PR Newswire] 18,000+ agents deployed, $470M cumulative aGDP (vanity metric: cumulative trading volume)

[Cryptopolitan / BeInCrypto] 93% of supply held by top 100 wallets, extreme concentration

[CryptoBriefing] ERC-8183 co-authored with Ethereum Foundation dAI team for on-chain AI agent commerce

[DropsTab / Tokenomist] Circulating supply 657M of 1B (65.7%); 350M in DAO treasury with 10%/yr emission cap

View analysis

SNXSynthetix

130CAUTIOUS HOLD

Best tokenomics (zero inflation, 100% fee buyback, 99.7% circ) but losing perps war. sUSD at $0.74.

Price

$0.32

MCap

$0.1B

Circ %

99.7%

Citations

[Synthetix Blog] Inflation permanently ended via SIP 2043, 99.7% circulating

[Synthetix Q2 Roadmap] 100% trading fees go to SNX buybacks

[Blockworks Research] Hyperliquid 70-80% perps market share vs SNX negligible

[Synthetix Blog] sUSD peg still broken, $5M estimated restoration cost

View analysis

RAYRaydium

129CAUTIOUS HOLD

Cyclical memecoin infrastructure. Revenue collapsed 76% from peak. PumpSwap forking the model.

Price

$0.76

MCap

$0.2B

Circ %

48.6%

Citations

[Blockworks] Q1 2026 revenue $5.79M (-76% from Q3 2025 peak $24.3M)

[Raydium Docs] 25% of trading fees fund RAY buybacks, $196M cumulative

[Cointelegraph] PumpSwap directly forked Raydium's liquidity model

[CryptoSlate] Anonymous team, no public roadmap or regular communication

View analysis

OLASOlas (Autonolas)

129CAUTIOUS HOLD

Autonomous AI agent infrastructure with multi-chain deployment; technically deep but lost to Virtuals on narrative and accessibility

Price

$0.78

MCap

$0.0B

Circ %

52%

Citations

[Autonolas Docs] Autonolas (OLAS) builds autonomous agent services across Gnosis, Ethereum and other chains with staking/locking for operators

[Olas Blog] Olas Predict (prediction market agents) and Mechs (AI task execution) are live products generating protocol activity

[CoinGecko] OLAS down 91.6% from $9.33 ATH; lost AI agent narrative race to Virtuals Protocol despite being earlier to market

View analysis

AKTAkash Network

129CAUTIOUS HOLD

Decentralized GPU cloud marketplace with real revenue; GPU demand tailwind but AKT P/S stretched vs actual compute revenue.

Price

$0.88

MCap

$0.3B

Circ %

83%

Citations

[Akash Network Stats] Akash Network GPU marketplace hosts thousands of GPUs including H100s from independent providers

[Staking Rewards] AKT staking yield ~15-20% APY with Cosmos SDK validator set

[CoinGecko] AKT ATH $8.08 reached March 2024 on AI/GPU compute narrative

View analysis

GNOGnosis

128CAUTIOUS HOLD

Gnosis Chain validator token and Safe system governance token with real utility and Ethereum alignment, but niche chain and high price vs fundamentals

Price

$117.82

MCap

$0.3B

Circ %

74%

Citations

[DeFiLlama] Gnosis Chain uses a dual-token model where GNO is staked to validate; ~$600M in bridged TVL

[Gnosis Pay] Gnosis Pay launched a Visa debit card backed by crypto, targeting European crypto-native users

[GnosisDAO] GNO provides governance over both Gnosis Chain and Safe DAO treasury, one of the largest DAO treasuries in DeFi

TAOBittensor

128CAUTIOUS HOLD

Decentralized AI network with 64 subnets; narrative-driven but real compute marketplace emerging; BTC-like emission schedule.

Price

$270.5

MCap

$2.7B

Circ %

55.5%

Citations

[Taostats] Bittensor has 64 active subnets covering AI inference, image generation, text mining as of May 2026

[CoinGecko] TAO has BTC-like emission schedule with 21M max supply; currently ~7.4M TAO in circulation

[Bittensor Blog] dTAO upgrade enabled subnet-specific tokens creating sub-economies within Bittensor network

[CoinMarketCap] TAO ATH $775 reached November 2024 on AI narrative peak

View analysis

RENDERRender Network

127CAUTIOUS HOLD

Decentralized GPU rendering marketplace at ATH correlation with AI hype cycle. Real utility but valuation stretched vs actual render job revenue.

Price

$2.21

MCap

$1.2B

Circ %

97.5%

Citations

[Render Foundation] Render Network migrated from Ethereum to Solana in late 2023

[Messari] AI GPU compute demand driving DePIN narrative across crypto markets

[Render Dashboard] Render Network processes over 1M rendering jobs monthly

View analysis

BERABerachain

127CAUTIOUS HOLD

Novel Proof-of-Liquidity L1 with highest post-launch TVL in history, but BERA token down 97.5% and PoL is untested long-term

Price

$0.38

MCap

$0.1B

Circ %

28%

Citations

[DefiLlama] Berachain launched in Feb 2025 with record $3B+ TVL at launch via Proof-of-Liquidity incentives

[CoinGecko] BERA crashed from $15+ launch price to under $0.40 as PoL rewards diluted and early holders exited

[Berachain Docs] Berachain's tri-token model (BERA/BGT/HONEY) is novel but creates governance complexity and unclear value accrual for BERA holders

View analysis

LEOUNUS SED LEO

126CAUTIOUS HOLD

Bitfinex/iFinex exchange token. Monthly buyback & burn from profits.

Price

$8.85

MCap

$9.2B

Circ %

93.4%

TRXTRON

125CAUTIOUS HOLD

USDT settlement network with massive stablecoin volume. Real revenue but Justin Sun legal issues and centralized governance are persistent overhangs.

Price

$0.37

MCap

$35.5B

Circ %

100%

Citations

[Tronscan] TRON network processes over $20B daily USDT-TRC20 volume

[SEC] Justin Sun charged with SEC fraud and market manipulation in 2023

[DeFiLlama] TRON TVL exceeded $11B driven by USDD and USDT stablecoin usage

LITLighter

125WATCH

ZK rollup perp DEX with $77-101M rev, $89M VC (Founders Fund/Ribbit), but 83% volume collapse, Stage 0 centralization, Dec 2026 500M token cliff

Price

$1.50

MCap

$0.4B

Circ %

25%

Citations

[DeFi Llama] $77-101M annualized revenue (fees), $44.96B 30d perp volume

[Lighter Blog] $89M total raised: $21M Series A (Haun/Craft), $68M Series B at $1.5B (Founders Fund/Ribbit)

[elliottech GitHub] Custom Plonky2 STARK + Gnark Plonk/BN254 ZK rollup, open-sourced Dec 2025

[L2BEAT] L2BEAT Stage 0: 4/7 multisig can bypass 21-day upgrade delay, centralized sequencer

[CryptoRank] 83% volume collapse from $232B/mo TGE peak to $39-45B/mo

[Arkham Intelligence] Justin Sun accumulated 14.89M LIT ($39.8M), withdrew $152M from LP

[The Block] Telegram Wallet integration for 150M+ registered users

[Lighter/LinkedIn] Vlad Novakovski: Harvard at 16, graduated 18, recruited by Ken Griffin to Citadel

View analysis

OPOptimism

123CAUTIOUS HOLD

Ethereum L2 with Superchain vision and OP Stack powering Coinbase Base. Real sequencer revenue but massive token unlock schedule is the key headwind.

Price

$0.13

MCap

$0.3B

Circ %

30.5%

Citations

[Optimism Foundation] OP Stack powers Coinbase Base, Zora and dozens of Superchain rollups

[Token Terminal] Optimism sequencer revenue exceeded $50M in 2025

[Messari] OP circulating supply only 30% of total as of May 2026

View analysis

POLPolygon system Token

123CAUTIOUS HOLD

Polygon's new staking and gas token replacing MATIC. AggLayer cross-chain aggregation is the core thesis but token unlock schedule is heavy.

Price

$0.20

MCap

$1.0B

Circ %

38.2%

Citations

[Polygon Blog] POL replaced MATIC as Polygon's native gas and staking token in 2024

[Polygon Labs] AggLayer v1 launched connecting Polygon chains with unified cross-chain liquidity

[Messari] POL circulating supply 38% of total as migration from MATIC continues

CAKEPancakeSwap

123CAUTIOUS HOLD

BSC's dominant DEX with $1.5B TVL and real fee revenue; aggressive CAKE burn ongoing but BNB system dependence limits upside.

Price

$1.42

MCap

$0.5B

Circ %

62%

Citations

[DeFiLlama] PancakeSwap maintains $1.5B TVL across BSC, Ethereum, and 6+ additional chains as of May 2026

[PancakeSwap Blog] PancakeSwap v4 launched with concentrated liquidity and hooks system for custom pool logic

[PancakeSwap Kitchen] CAKE weekly burn rate consistently reduces circulating supply via kitchen buyback-and-burn mechanism

LPTLivepeer

123CAUTIOUS HOLD

Decentralized video transcoding network. Real compute demand from video platforms.

Price

$2.30

MCap

$0.1B

Circ %

100%

GTGateToken

123CAUTIOUS HOLD

Gate.io exchange token. Quarterly buyback & burn.

Price

$22.5

MCap

$0.8B

Circ %

87.8%

ORCAOrca

123CAUTIOUS HOLD

Concentrated liquidity DEX on Solana. Whirlpools with user-friendly UX.

Price

$1.39

MCap

$0.1B

Circ %

81.1%

HNTHelium

122CAUTIOUS HOLD

Pioneer decentralized wireless network with real Solana migration complete; MOBILE/IOT subDAOs growing but HNT value accrual thin

Price

$0.78

MCap

$0.1B

Circ %

74%

Citations

[Helium Blog] Helium completed migration to Solana in 2023 and launched Helium Mobile as a crypto-native carrier in the US

[Helium Mobile] Helium Mobile surpassed 50,000 subscribers by end of 2024 with plans to grow via T-Mobile network integration

[Helium Network Explorer] HNT value accrual tied to Data Credit burn; burn rate still orders of magnitude below HNT mining emission rate

View analysis

GRTThe Graph

121CAUTIOUS HOLD

Web3 data indexing with 700+ subgraphs; real query fee revenue but P/S elevated and token inflation from indexer rewards dilutes holders.

Price

$0.03

MCap

$0.3B

Circ %

81%

Citations

[The Graph Network Stats] The Graph indexes 700+ subgraphs across 40+ blockchain networks with $3M+ annualized query fees

[CoinGecko] GRT ATH $2.84 reached February 2021; currently 99% below all-time high

[Token Terminal] Indexer rewards continuously emit new GRT creating ongoing inflation pressure for token holders

View analysis

XRPXRP

121CAUTIOUS HOLD

Ripple's payment token with SEC case mostly resolved. Institutional cross-border payment rails narrative intact but XRPL DeFi negligible.

Price

$1.36

MCap

$82.9B

Circ %

56.2%

Citations

[Ripple Escrow Dashboard] Ripple releases 1B XRP monthly from escrow lockup

[CoinDesk] SEC vs Ripple case largely resolved in 2024 with partial win for Ripple

[Bloomberg ETF] Multiple spot XRP ETF applications filed with SEC in 2025

View analysis

VELOVelodrome Finance

121CAUTIOUS HOLD

Optimism's native DEX being cannibalized by Aerodrome on Base; V3 migration is make-or-break inflection

Price

$0.00

MCap

$0.1B

Circ %

62%

Citations

[DefiLlama] Velodrome TVL dropped from $500M+ peak to ~$180M as Aerodrome captured Base chain volume

[Velodrome Blog] Velodrome V3 with concentrated liquidity announced for 2025-2026, key catalyst for TVL recovery

[CoinMarketCap] VELO down 97% from ATH, severely underperforming AERO which launched as its Base counterpart

MAVMaverick Protocol

121CAUTIOUS HOLD

Concentrated liquidity AMM with directional LP. Gas-efficient automated LP strategies.

Price

$0.01

MCap

$0.0B

Circ %

46.4%

VRTXVertex Protocol

121CAUTIOUS HOLD

Hybrid DEX combining spot, perps, and money markets on Arbitrum.

Price

$0.01

MCap

$0.0B

Circ %

7.6%

ENAEthena

120CAUTIOUS HOLD

USDe supply crashed 65% from $12B peak. BaFin banned under MiCA. Brutal unlock schedule.

Price

$0.10

MCap

$0.9B

Circ %

60%

Citations

[Token Terminal] USDe supply crashed 65% from $12B peak, Q1 revenue -32% QoQ

[S&P Global] S&P assigned 1,250% Basel III risk weighting

[CoinDesk] BaFin barred USDe under MiCA in Germany

[Grayscale] Grayscale 13.59% allocation, but BlackRock backs UStb NOT ENA token

View analysis

TIACelestia

120CAUTIOUS HOLD

Modular DA layer with strong VC backing and developer traction; only 22% circulating means severe multi-year open dilution ahead.

Price

$0.45

MCap

$0.4B

Circ %

22%

Citations

[Celestia Blog] Celestia raised $55M from Bain Capital, Polychain, Placeholder; launched mainnet October 2023

[Messari] TIA has only 22% of supply circulating with large team and investor unlocks continuing through 2027

[CoinGecko] TIA ATH $21.08 reached January 2024 on modular blockchain narrative peak

View analysis

CHZChiliz

120CAUTIOUS HOLD

Sports fan token platform. Socios.com with 100+ sports teams.

Price

$0.04

MCap

$0.4B

Circ %

100%

COMPCompound

119WATCH

OG DeFi lender with real protocol revenue but P/S ~112x makes valuation deeply stretched at current price.

Price

$19.61

MCap

$0.2B

Circ %

90.1%

Citations

[DeFiLlama] Compound V3 TVL ~$1.9B across Ethereum, Base, Arbitrum as of May 2026

[Token Terminal] COMP protocol revenue vs token market cap implies ~112x P/S ratio

[CoinGecko] COMP ATH of $911 reached May 2021 during DeFi summer peak

View analysis

PRIMEEchelon Prime

119WATCH

Parallel TCG gaming token. Backed by model. Active player base.

Price

$0.37

MCap

$0.3B

Circ %

100%

MNDEMarinade

119WATCH

Largest Solana liquid staking protocol. mSOL for staked SOL.

Price

$0.04

MCap

$0.0B

Circ %

78.1%

KCSKuCoin Token

119WATCH

KuCoin exchange token. Fee discounts, profit sharing, KCC gas.

Price

$10.5

MCap

$1.1B

Circ %

94.7%

STXStacks

118WATCH

Bitcoin L2 enabling smart contracts on Bitcoin. Nakamoto upgrade improved finality but TVL tiny and developer adoption slow vs Ethereum L2s.

Price

$0.25

MCap

$0.4B

Circ %

82.7%

Citations

[Stacks Foundation] Stacks Nakamoto upgrade activated bringing Bitcoin-speed finality to transactions

[Stacks Docs] sBTC enables decentralized Bitcoin pegging to Stacks DeFi system

[DeFiLlama] Stacks TVL approximately $42M as of May 2026

View analysis

WOOWOO Network

118WATCH

Deep liquidity network connecting exchanges, traders, and DeFi platforms.

Price

$0.02

MCap

$0.0B

Circ %

100%

IMXImmutable X

117WATCH

Web3 gaming ZK-rollup with major game studio partnerships; gaming L2 narrative still alive but token unlock pressure is severe

Price

$0.17

MCap

$0.1B

Circ %

55%

Citations

[Immutable X] Immutable X partners with 300+ Web3 game studios including major titles via Immutable zkEVM

[CoinGecko] IMX ATH $9.52 in Nov 2021; 45% of supply still locked with investor/team vesting through 2027

[Immutable Blog] Immutable partnered with Polygon for zkEVM technology, gaining ZK-proof security for gaming transactions

View analysis

XMRMonero

117WATCH

Privacy-focused L1. Ring signatures + stealth addresses. Not on Binance/Coinbase.

Price

$118.7

MCap

$7.0B

Circ %

100%

STGStargate Finance

117WATCH

LayerZero-native bridge. Unified liquidity pools for cross-chain swaps.

Price

$0.17

MCap

$0.0B

Circ %

100%

JOETrader Joe

117WATCH

Dominant DEX on Avalanche. Liquidity Book AMM with concentrated liquidity.

Price

$0.04

MCap

$0.0B

Circ %

80.8%

APTAptos

116WATCH

Move-language L1 from ex-Meta team with solid tech but massive unlock schedule dragging price. TVL growing but token inflation brutal.

Price

$0.95

MCap

$0.8B

Circ %

27%

Citations

[DeFiLlama] Aptos TVL grew to nearly $900M in 2026 driven by DeFi expansion

[Messari] Aptos circulating supply only 27% of total with unlocks continuing through 2028

[Aptos Foundation] Microsoft and Aptos Labs partnership for AI agent infrastructure announced

View analysis

GNSGains Network

116WATCH

1.16x P/S but losing DEX war. 14-15M tokens burned (38%+ of initial). 97% circ/total. $113K volume.

Price

$0.52

MCap

$0.0B

Circ %

97%

Citations

[GNS 2026 Roadmap/Medium] P/S 1.16x on $10.8M annual revenue, $12.5M market cap

[Gains Network Docs] 10M+ GNS burned (38% of initial supply), 55% of fees to buyback-burn

[Bitget Support] Bitget delisted GNS/USDT April 17, 2026 citing poor volume/liquidity

[Atomic Wallet Academy] Hyperliquid 73% perp DEX share vs GNS declining below top-5

View analysis

QNTQuant

116WATCH

Overledger cross-chain OS. Enterprise blockchain interop. UK/EU partnerships.

Price

$79.68

MCap

$1.2B

Circ %

99.5%

SSonic (prev. Fantom)

115WATCH

Fantom rebranded to Sonic with 10,000 TPS EVM chain; Andre Cronje back driving DeFi revival with fee monetization

Price

$0.05

MCap

$0.2B

Circ %

54%

Citations

[Sonic Labs] Sonic (formerly Fantom) relaunched with 10,000 TPS EVM and fee monetization for dApps

[DeFiLlama] Sonic TVL ~$185M, growing after Andre Cronje return and DeFi incentive programs

[Sonic Migration Docs] S token launched at FTM upgrade ratio, large legacy supply overhang exists

ONDOOndo Finance

115WATCH

$3B RWA platform but ONDO token captures $0 revenue. 57.79% in one wallet. -73% in 12mo.

Price

$0.44

MCap

$2.0B

Circ %

48.7%

Citations

[Ondo Docs] OUSG management fees waived until July 1, 2026; token revenue = $0

[CoinCarp Rich List] Top wallet holds 57.79% of total supply

[SEC Filing] SEC investigation closed Dec 2025, no-action letter April 2026

[PRNewswire] $3B TVL, JPMorgan/Mastercard/Ripple partnerships

View analysis

CFGCentrifuge

115WATCH

Real-world asset financing on-chain. Tinlake pools for invoices and real estate.

Price

$0.28

MCap

$0.2B

Circ %

84.9%

KASKaspa

114WATCH

Fastest PoW blockchain using GHOSTDAG DAG protocol; Bitcoin-aligned narrative with real hashrate growth but no smart contracts

Price

$0.03

MCap

$0.9B

Circ %

82%

Citations

[Kaspa Research] Kaspa uses GHOSTDAG protocol allowing 1 block/second with 99%+ chain utilization

[CoinGecko] KAS market cap crossed $800M; top 55 by market cap as of May 2026

[Kaspa Community] KRC-20 token standard launched on Kaspa enabling fungible token issuance

ADACardano

113WATCH

Academic-grade L1 with heavy research pedigree but minimal DeFi traction. Chang hard fork improved governance but TVL remains tiny.

Price

$0.25

MCap

$8.9B

Circ %

77.8%

Citations

[DeFiLlama] Cardano TVL under $400M vs Ethereum's $50B+ in 2026

[IOHK] Chang hard fork activated on-chain governance for ADA holders

[Staking Rewards] Cardano staking yields approximately 3-4% annually

View analysis

HBARHedera

112WATCH

Hashgraph consensus L1. Enterprise governance council (Google, IBM, Boeing).

Price

$0.09

MCap

$3.8B

Circ %

86.7%

TNSRTensor

112WATCH

Leading Solana NFT marketplace and trading platform. Pro tools.

Price

$0.04

MCap

$0.0B

Circ %

33.5%

GRASSGrass

111WATCH

Web scraping bandwidth marketplace that monetizes idle internet connections; interesting model but heavy unlock schedule and speculative revenue

Price

$0.40

MCap

$0.3B

Circ %

38%

Citations

[Grass Website] Grass monetizes idle internet bandwidth for AI web scraping; 2M+ nodes claimed with Solana-based rewards

[CoinGecko] GRASS launched on Bybit and OKX in Oct 2024 at ~$3.94 ATH; 62% of supply still locked with VC/team allocations

[Grass Blog] Grass Layer 2 announced to structure scraped web data into datasets for AI training companies

View analysis

YFIYearn Finance

111WATCH

DeFi yield aggregator OG with real protocol revenue, but YFI buybacks alone cannot support a $91M market cap as yields compress and competition intensifies

Price

$2,513

MCap

$0.1B

Circ %

99%

Citations

[Yearn Finance Docs] YFI has near-100% circulating supply with no inflation; buyback program in place since 2023

[DeFiLlama] Yearn V3 launched with modular vault architecture but TVL remains ~$400M vs $7B+ peak

[Token Terminal] YFI protocol revenue fell sharply in 2024 as DeFi yields compressed across the board

View analysis

FTMFantom

111WATCH

DAG-based EVM L1. Sonic upgrade for sub-second finality.

Price

$0.70

MCap

$0.2B

Circ %

97.4%

TONToncoin

110WATCH

GRAM rebrand Jun 15. Telegram 1B MAU took direct control (MTONGA). TVL collapsed -91% ($56M). $61M/month Believers unlocks through Oct 2028. 1.08B frozen TON unfreezes Feb 2027. Stars onramp real but DeFi dead.

Price

$1.67

MCap

$4.5B

Circ %

52%

Citations

[CoinCentral] Toncoin renamed GRAM effective June 15, 2026, 81.22% community vote

[crypto.news] Telegram 1B MAU March 2026, took direct control via MTONGA roadmap

[Coinedition] Telegram replaced TON Foundation as largest validator, staked 2.2M TON May 4, 2026

[DefiLlama] TVL collapsed from $650M peak to ~$56M (-91%), DeFi essentially dead

[Tonviewer] Believers Fund: 37M TON/month ($61M) opening through October 2028, 27 periods remain

[Blockworks] 1.08B TON in frozen inactive miner wallets, unfreezes February 2027

[Binance Square / WhiteRabbit] 85% of TON supply mined by interconnected whale group during PoW phase

[CoinTelegraph] Catchain 2.0: 400ms blocks, 6x fee reduction, ~1s finality (April 9, 2026)

[DefiLlama] $1.13B stablecoins on TON (USDT 76%), growing while DeFi TVL collapsed

[BeInCrypto / Fortune] Telegram sold $450M TON in 2025; $400M VC round (Sequoia, Benchmark, Ribbit)

[The Block] TONX (Verb Technology) $558M treasury, now $307M paper loss at current prices

[TechPolicy.Press] Durov: 12 charges active, travel ban lifted Nov 2025, no trial date, Russia case opened Feb 2026

[TonStat] Daily fees $4,847, daily minted 558K TON vs 964 burned (580:1 ratio), net inflationary ~3.6%

[BeInCrypto] Mini-apps dead: Hamster Kombat -96% from 300M peak, tap-to-earn model failed

[SEC] TON NOT classified as digital commodity in SEC-CFTC March 2026 ruling

MATICPolygon (Legacy)

110WATCH

Legacy MATIC being migrated to POL token. Dual-listing confusion and migration uncertainty create selling pressure. See POL entry for current thesis.

Price

$0.32

MCap

$1.0B

Circ %

98.5%

Citations

[Polygon Blog] MATIC to POL token migration began September 2024

[DeFiLlama] Polygon TVL approximately $650M across all chains as of 2026

[Polygon Docs] MATIC staking deprecated as POL becomes primary staking token

KNCKyber Network

110WATCH

DEX aggregator and liquidity protocol. KyberSwap elastic pools.

Price

$0.15

MCap

$0.0B

Circ %

70.6%

FETFetch.ai (ASI Alliance)

109WATCH

ASI Alliance merger token (FET+AGIX+OCEAN). AI agent narrative intact but protocol revenue minimal and merger synergies unclear.

Price

$0.22

MCap

$0.5B

Circ %

81%

Citations

[ASI Alliance] ASI Alliance formed by merger of Fetch.ai, SingularityNET and Ocean Protocol in 2024

[Fetch.ai Blog] FET rebranded to ASI with unified token representing merged AI system

[CoinDesk] AI agent token narrative drove 300%+ gains in early 2024 before correction

View analysis

DYDXdYdX

109WATCH

Leading perp DEX migrated to its own Cosmos chain; real $380M TVL and daily volume but token accrual to stakers unclear and unlocks persist.

Price

$0.15

MCap

$0.1B

Circ %

52%

Citations

[dYdX Blog] dYdX migrated from Ethereum L2 to its own Cosmos-based appchain (dYdX Chain) in late 2023

[DeFiLlama] dYdX Chain TVL ~$380M with 60+ perpetual markets and institutional-grade order book

[CoinGecko] DYDX ATH $27.86 reached November 2021; now 99.5% below that level

View analysis

BICOBiconomy

109WATCH

Account abstraction infrastructure. Gasless transactions SDK.

Price

$0.03

MCap

$0.0B

Circ %

71.8%

IOio.net

108WATCH

Decentralized GPU compute marketplace down 98.3% from ATH; real compute demand but token economics designed for insiders

Price

$0.15

MCap

$0.1B

Circ %

18%

Citations

[io.net Website] io.net aggregates 40,000+ GPUs into a decentralized compute network; primarily Solana-based with enterprise clients

[CoinGecko] IO token launched at $8.88 ATH in May 2024; only 18% circulating with Multicoin/Hack VC allocations opening through 2027

[Messari] Decentralized GPU compute sector growing with AI demand but io.net competes with Akash, Render, and AWS/Azure

View analysis

PERPPerpetual Protocol

108WATCH

Decentralized perp DEX on Optimism with vAMM model.

Price

$0.13

MCap

$0.0B

Circ %

48.4%

STORJStorj

108WATCH

Decentralized cloud storage. S3-compatible API for enterprise adoption.

Price

$0.10

MCap

$0.0B

Circ %

33.8%

ALCXAlchemix

108WATCH

Self-repaying loans. Deposit collateral, borrow against future yield.

Price

$5.50

MCap

$0.0B

Circ %

79.7%

OMMANTRA

108WATCH

RWA-focused L1. Regulatory-compliant tokenization. Middle East partnerships.

Price

$0.50

MCap

$0.0B

Circ %

XLMStellar

108WATCH

Cross-border payments network. Stellar Development Foundation. MoneyGram partnership.

Price

$0.15

MCap

$4.9B

Circ %

67.1%

EIGENEigenLayer

107WATCH

Restaking pioneer with $5.8B TVL but 82% of tokens opening over 3 years creates extreme dilution headwind.

Price

$0.20

MCap

$0.2B

Circ %

18%

Citations

[DeFiLlama] EigenLayer TVL ~$5.8B as of May 2026 with 30+ AVS services live

[EigenLayer Token Overview] EIGEN token has only 18% circulating supply with large foundation and investor unlocks ongoing through 2028

[CoinGecko] EIGEN ATH $4.40 reached October 2024 shortly after TGE

View analysis

PYTHPyth Network

107WATCH

Cross-chain oracle with 500+ price feeds used by $100B+ DeFi TVL; but only 34.5% circulating and token value accrual to PYTH minimal.

Price

$0.04

MCap

$0.3B

Circ %

34.5%

Citations

[Pyth Network Docs] Pyth Network provides 500+ price feeds across 50+ blockchains with real-time pull oracle model

[CoinGecko] PYTH token circulating supply is ~34.5% of total 10B with large foundation and publisher reserves opening

[CoinMarketCap] PYTH ATH $1.11 reached January 2024 shortly after TGE airdrop

View analysis

VELAVela Exchange

107WATCH

Perpetual DEX on Arbitrum with low fees and deep liquidity.

Price

$0.01

MCap

$0.0B

Circ %

50%

GELGelato

107WATCH

Web3 automation network. Smart contract execution as a service.

Price

$0.02

MCap

$0.0B

Circ %

67%

RUNETHORChain

106PASS

Protocol HALTED 30 days. $10.8M exploit. $200M lending default. $1.2B Lazarus laundering. -98.2% ATH. Bug bounty killed.

Price

$0.38

MCap

$0.1B

Circ %

100%

Citations

[TRM Labs] Protocol HALTED since May 15, 2026. $10.8M exploit across 9 chains via GG20 TSS vulnerability

[CoinDesk] $1.2B Lazarus Group funds laundered through THORChain (Feb 2025). $5.5M fees earned.

[MIT Technology Review] Treasury Dept official: 'anybody making fees on Lazarus flows potentially has an OFAC issue'

[The Block] $200M THORFi lending default (Jan 2025). Savers+Lending permanently deprecated. TCY tokens issued.

[Crypto.news] Core developer 'Pluto' resigned over refusal to block Lazarus transactions (Feb 27, 2025)

[The Defiant] Bug bounty program permanently retired Mar 2026. V12 reported critical bug Apr 28, patched silently, not paid.

[DefiLlama] TVL collapsed $329M→$50M (-85%). LPs locked during halt. Savers deprecated.

[Yahoo Finance] Q1 2026 swap volume $2.82B. Jan $1.07B, Feb $882M. Revenue $11M annualized pre-halt.

[Cryptopolitan] TCY: 200M tokens, 10% perpetual revenue share to creditors. Price ~$0.09-0.14.

[THORChain Docs] ADR-023 reduced max supply from 500M to 360M RUNE. Block rewards zeroed Feb 2025.

[THORChain Dev Docs] ADR-17 burn: 5% of fees burned. 1.82M RUNE total burned (~$693K).

[Chainflip Blog] Chainflip: $583M monthly volume Nov 2025. JIT AMM / USDC-settlement model growing.

[RUNEScan] 103 active nodes, 89M RUNE bonded. Solvency ratio 89.14%, under-collateralized.

[CryptoTimes] v3.19.0 with TSS patch + ADR028 advancing. 11-step restart process. No confirmed date.

[Daily Hodl] THORFi Recovery Group (McDermott Will & Emery) pursuing $200M legal action against THORChain.

View analysis

SSVSSV Network

106WATCH

DVT infrastructure for ETH staking with $3.2B validators secured; heavy unlock pressure and weak token accrual are red flags.

Price

$2.65

MCap

$0.0B

Circ %

45%

Citations

[SSV Network Dashboard] SSV Network secures $3.2B in ETH validators using distributed validator technology

[CoinGecko] SSV has only 45% of total supply in circulation with significant team/system vesting remaining

[CoinMarketCap] SSV ATH $82.36 reached January 2024 during ETF euphoria

View analysis

ZROLayerZero

106WATCH

$292M Kelp exploit destroyed trust. $4B fleeing to CCIP. May 20 open = 10% of float.

Price

$1.30

MCap

$0.3B

Circ %

32%

Citations

[CoinDesk / Chainalysis] $292M Kelp DAO exploit caused by 1-of-1 DVN default config

[CoinDesk] LayerZero publicly admitted 'made a mistake'

[CoinDesk] $4B in assets migrating to Chainlink CCIP

[Tokenomist] May 20 open: 25.71M ZRO (10% of float)

SLNDSolend

106WATCH

Algorithmic lending/borrowing on Solana. Largest Solana lending protocol.

Price

$0.15

MCap

$0.0B

Circ %

GTCGitcoin

106WATCH

Public goods funding via quadratic funding. Gitcoin Passport identity.

Price

$0.10

MCap

$0.0B

Circ %

87.5%

THETATheta Network

105WATCH

Decentralized video CDN with Samsung and Google as validators. Real infrastructure but 93% below ATH reflects faded narrative and low token utility.

Price

$1.02

MCap

$0.2B

Circ %

100%

Citations

[Theta Network] Theta Network counts Samsung, Google, Sony as enterprise validator nodes

[CoinMarketCap] THETA token 93% below its all-time high set in April 2021

[Theta Labs] Theta Edge Network pivoting to AI video inference use cases

View analysis

FXSFrax Share

105WATCH

Governance token for the Frax stablecoin system rebranding to frxUSD, but FXS faces dilution from veFXS migration and loss of direct fee accrual

Price

$0.81

MCap

$0.1B

Circ %

78%

Citations

[Frax Finance Docs] FXS is being deprecated in favor of a new FRAX governance token structure under Sam Kazemian's v3 redesign

[DeFiLlama] Frax stablecoin TVL has held around $600M but growth has plateaued vs USDC/USDT dominance

[CoinGecko] FXS down 98% from ATH of $42.37 set during 2022 DeFi peak

View analysis

QUICKQuickSwap

105WATCH

Dominant DEX on Polygon. Fork of Uniswap V3 with concentrated liquidity.

Price

$0.01

MCap

$0.0B

Circ %

82.5%

View analysis

RPLRocket Pool

104WATCH

Decentralized ETH staking with ~$1.1B TVL but catastrophic price collapse; tokenomics restructure eliminated RPL value accrual.

Price

$1.71

MCap

$0.0B

Circ %

72%

Citations

[DeFiLlama] Rocket Pool TVL ~$1.1B with rETH as second-largest LST after stETH

[Rocket Pool Forum] RPL tokenomics overhaul via Saturn upgrade decoupled RPL collateral requirement from node operators

[CoinGecko] RPL ATH $58.83 reached April 2023

View analysis

PENGUPudgy Penguins

104WATCH

Meme/NFT brand token for Pudgy Penguins collection; high social proof and retail distribution via Walmart toys, but no protocol revenue and pure sentiment play

Price

$0.01

MCap

$0.5B

Circ %

100%

Citations

[The Verge] Pudgy Penguins sold physical toys at Walmart stores in 2023, unusual Web3-to-retail pipeline

[CoinGecko] PENGU launched on Solana in December 2024 with 100% of supply at genesis; no vesting cliff

[Abstract] Abstract chain (EVM L2 for consumer crypto) is backed by Pudgy Penguins team as system hub

RDNTRadiant Capital

104WATCH

Omnichain lending protocol on LayerZero. Cross-chain borrow/lend.

Price

$0.00

MCap

$0.0B

Circ %

86.1%

RONRonin

104WATCH

Axie Infinity sidechain. Gaming-focused EVM chain with Katana DEX.

Price

$0.85

MCap

$0.1B

Circ %

77.2%

MLNEnzyme (Melon)

104WATCH

On-chain asset management protocol. Build and deploy DeFi funds.

Price

$1.98

MCap

$0.0B

Circ %

100%

RSRReserve Rights

104WATCH

Stablecoin protocol with RSR governance/insurance. RToken framework.

Price

$0.00

MCap

$0.1B

Circ %

62.6%

DOTPolkadot

103WATCH

Cross-chain relay network struggling with parachain lease complexity. JAM upgrade promises unified computing but narrative has failed to stick.

Price

$1.28

MCap

$2.1B

Circ %

73.4%

Citations

[Polkadot Blog] Polkadot discontinued parachain slot auctions replacing with coretime model

[Parity Technologies] JAM upgrade approved by governance to replace Relay Chain architecture

[DeFiLlama] Polkadot TVL approximately $220M as of May 2026

View analysis

CVXConvex Finance

103WATCH

Curve vote-locking meta-protocol that captured the Curve Wars era but faces structural decline as veCRV yields compress and DeFi rotates away

Price

$1.71

MCap

$0.1B

Circ %

89%

Citations

[DeFiLlama] Convex TVL has dropped from $20B+ peak to ~$850M as Curve Wars dynamics faded

[Llama Airforce] CVX weekly bribe revenues have fallen 80%+ from 2022 peak levels

[CoinGecko] CVX is down 97% from ATH with no credible independent revenue stream

View analysis

KLAYKlaytn

103WATCH

Kakao-backed Korean L1. Strong Korean market adoption.

Price

$0.13

MCap

$0.8B

Circ %

100%

KSMKusama

103WATCH

Polkadot canary network. Parachain auctions. Fast iteration testnet.

Price

$4.74

MCap

$0.1B

Circ %

100%

SHDWShadow Token

103WATCH

Solana-native decentralized storage. GenesysGo shdwDrive infrastructure.

Price

$0.10

MCap

$0.0B

Circ %

100%

LTCLitecoin

102WATCH

Bitcoin's silver analog with fourth halving complete. No smart contracts, no DeFi, diminishing developer interest. Payments use case losing to stablecoins.

Price

$53.37

MCap

$4.0B

Circ %

88.4%

Citations

[Litecoin Foundation] Litecoin completed its fourth halving in August 2023 reducing block reward to 6.25 LTC

[DeFiLlama] Litecoin has no DeFi system or smart contract functionality

[Canary Capital] Litecoin ETF application filed with SEC in 2025

SCROLLScroll

102WATCH

EVM-equivalent ZK rollup with strong technical credibility but token launch timing terrible; massive unlocks ahead

Price

$0.32

MCap

$0.0B

Circ %

19%

Citations

[DefiLlama] Scroll is EVM-equivalent ZK rollup; TVL around $100-130M with consistent but not explosive growth

[TokenUnlocks] SCROLL token launched Oct 2024 with only 15-19% circulating supply; Polychain/Sequoia allocations open through 2027

[Scroll Documentation] Scroll processes EVM transactions with ZK proofs; cheaper than Ethereum mainnet but competing with dozens of L2s

ICPInternet Computer

102WATCH

DFINITY's on-chain cloud computing with 99.6% ATH drawdown; technically new but massive inflation and insider overhang persist.

Price

$2.67

MCap

$1.5B

Circ %

47%

Citations

[CoinGecko] ICP launched at $700 in May 2021 and is now 99.6% below that price due to inflation and sell pressure

[ICP Dashboard] Internet Computer hosts 500+ dapps as canisters with on-chain compute and storage

[DFINITY Foundation] ckBTC and ckETH chain-key tokens enable ICP to hold and transact native BTC and ETH on-chain

View analysis

CROCronos

102WATCH

Crypto.com EVM chain. CRO staking for exchange benefits.

Price

$0.07

MCap

$3.1B

Circ %

45.4%

TRUTrueFi

102WATCH

Uncollateralized DeFi lending. Institutional credit protocol.

Price

$0.00

MCap

$0.0B

Circ %

100%

APEApeCoin

102WATCH

Bored Ape system token. ApeChain L3. Yuga Labs governance.

Price

$0.13

MCap

$0.1B

Circ %

100%

FILFilecoin

101WATCH

Decentralized storage with real utilization but massive FDV overhang. Storage demand growing but token price suppressed by large future unlocks.

Price

$0.98

MCap

$0.8B

Circ %

43.8%

Citations

[Filecoin Foundation] Filecoin stores over 2 exabytes of data as of 2025

[Messari] FIL circulating supply only 43% of max with significant future miner rewards opening

[Protocol Labs] Filecoin Virtual Machine launched March 2023 enabling EVM-compatible smart contracts

View analysis

ZECZcash

101WATCH

Pioneer privacy coin with strong cryptography; Zcash halving occurred 2024 but Deshielding activity and regulatory pressure weigh heavily.

Price

$627.05

MCap

$10.4B

Circ %

77%

Citations

[Zcash Halving Tracker] Zcash completed its second halving in November 2024 reducing block reward from 3.125 ZEC to 1.5625 ZEC

[Zcash Metrics] Only ~20% of ZEC transactions use shielded addresses despite that being the privacy feature

[Coindesk] Multiple exchanges including Binance delisted ZEC in various regions due to regulatory pressure on privacy coins

VETVeChain

101WATCH

Enterprise supply chain blockchain with real business adoption but no DeFi moat and dual-token complexity

Price

$0.01

MCap

$0.6B

Circ %

72.5%

Citations

[VeChain Foundation] VeChain partners include Walmart China, DNV GL, BMW for supply chain tracing

[CoinGecko] VET ATH $0.2782 in April 2021; current price 97.6% below ATH

[VeChain Stats] VTHO burn model creates some deflationary pressure but transaction volume remains modest

ATHAethir

101WATCH

Decentralized GPU cloud for AI/gaming. Enterprise-grade compute infrastructure.

Price

$0.01

MCap

$0.1B

Circ %

47.9%

ILVIlluvium

101WATCH

AAA open-world RPG with NFT creatures. Unreal Engine graphics.

Price

$4.26

MCap

$0.0B

Circ %

86.3%

MCMerit Circle (Beam)

101WATCH

Gaming DAO and Beam chain. Gaming-focused L1 subnet on Avalanche.

Price

$0.12

MCap

$0.0B

Circ %

100%

DASHDash

101WATCH

Digital cash with InstantSend and PrivateSend. DAO treasury governance.

Price

$43.69

MCap

$0.6B

Circ %

100%

GMTSTEPN

101WATCH

Move-to-earn fitness app. Walk/run to earn crypto rewards.

Price

$0.01

MCap

$0.0B

Circ %

61.3%

AUDIOAudius

101WATCH

Decentralized music streaming. Artists earn directly from listeners.

Price

$0.02

MCap

$0.0B

Circ %

100%

SEISei

100WATCH

EVM+Cosmos parallel execution chain with fast finality. Sei V2 parallel EVM showed promising benchmarks but system capture lags Solana and Base.

Price

$0.06

MCap

$0.4B

Circ %

31.2%

Citations

[Sei Foundation] Sei V2 parallel EVM benchmarks showed 5,000+ TPS in testing

[Messari] Sei circulating supply only 31% with large unlocks through 2027

[DeFiLlama] Sei TVL approximately $128M as of May 2026

View analysis

CORECore

100WATCH

Bitcoin-staking L1 using Satoshi Plus consensus (PoW + DPoS); BTC staking TVL real but token severely diluted

Price

$0.04

MCap

$0.0B

Circ %

40%

Citations

[Core DAO] Core enables non-custodial BTC staking through Satoshi Plus consensus with $65M+ TVL

[CoinGecko] CORE ATH $9.45 in Feb 2023; 60% of supply still locked with unlock schedule through 2028

[DeFiLlama] Core DeFi TVL ~$65M primarily from BTC staking yield products

BADGERBadgerDAO

100WATCH

BTC-focused DeFi. Bridges BTC yield strategies to Ethereum.

Price

$0.80

MCap

$0.0B

Circ %

94.9%

USUALUsual Protocol

99PASS

USD0 stablecoin protocol with real-world asset backing, but collapsed 96% from ATH amid depeg fears and hyperinflationary tokenomics

Price

$0.07

MCap

$0.0B

Circ %

35%

Citations

[CoinGecko] USUAL down 96% from $1.61 ATH after USD0++ depeg event in January 2025 shattered confidence

[DefiLlama] Usual Protocol TVL fell from $1.8B peak to ~$350M following USD0++ depeg and mass redemption event

[Usual Docs] USUAL token model redistributes protocol revenue but circulating supply inflation from emissions remains very high

API3API3

99PASS

First-party oracle provider with OEV (Oracle Extractable Value) recapture mechanism, but adoption remains limited vs Chainlink's entrenched network effects

Price

$0.34

MCap

$0.0B

Circ %

82%

Citations

[API3 Blog] API3's OEV Network aims to recapture oracle extractable value, a novel but unproven mechanism

[CoinGecko] API3 down 96.8% from ATH; Chainlink's CCIP and Data Streams continue to dominate oracle integrations

[API3 DAO] API3 staking pool currently yields ~20-30% APY but funded by inflation not protocol revenue

FLRFlare

99PASS

Data-centric L1. Flare Time Series Oracle. Cross-chain state connector.

Price

$0.01

MCap

$0.7B

Circ %

81.5%

CFXConflux

98PASS

China's only regulatory-compliant public blockchain; government backing is unique moat but adoption outside China near zero

Price

$0.06

MCap

$0.3B

Circ %

52%

Citations

[Conflux Network] Conflux is the only public blockchain compliant with Chinese government regulations

[Conflux Blog] Shanghai Municipal Government partnered with Conflux for blockchain infrastructure

[CoinGecko] CFX ATH $0.9864 in Jan 2023; significant unlock schedule with 48% supply remaining

MINAMina Protocol

98PASS

22KB constant-size blockchain using ZK proofs; elegant tech with minimal system adoption and severe inflation from staking rewards.

Price

$0.06

MCap

$0.1B

Circ %

60%

Citations

[Mina Protocol Docs] Mina Protocol maintains a constant 22KB blockchain size using recursive ZK-SNARKs regardless of transaction history

[Staking Rewards] MINA staking yields ~10% APY from block rewards but total supply grows accordingly creating inflation

[CoinGecko] MINA ATH $9.18 reached June 2021; has not recovered to even 2% of that level since

View analysis

NMRNumeraire

98PASS

AI hedge fund data science tournament. Staking for ML model performance.

Price

$8.16

MCap

$0.1B

Circ %

66.2%

HTHuobi Token

98PASS

HTX exchange token. Fee discounts and staking rewards.

Price

$0.35

MCap

$0.0B

Circ %

100%

IOTXIoTeX

98PASS

DePIN L1 for IoT devices. W3bstream middleware. MachineFi.

Price

$0.00

MCap

$0.0B

Circ %

100%

ALGOAlgorand

97PASS

Pure PoS L1 with 4-second finality and strong academic roots; TVL thin at $180M and system activity stagnant despite tech quality.

Price

$0.11

MCap

$1.0B

Circ %

77%

Citations

[Algorand Whitepaper] Algorand achieves ~4 second finality with pure proof-of-stake consensus designed by Silvio Micali

[DeFiLlama] Algorand TVL ~$180M with Folks Finance and Pact DEX as largest protocols

[CoinGecko] ALGO ATH $3.56 reached June 2019; 97% below peak despite multiple market cycles

View analysis

COTICOTI

97PASS

Privacy-focused L2 with garbled circuits. V2 confidential computing.

Price

$0.01

MCap

$0.0B

Circ %

100%

SKLSKALE

97PASS

Elastic sidechains for Ethereum. Zero gas fees for users.

Price

$0.01

MCap

$0.0B

Circ %

98%

ACHAlchemy Pay

97PASS

Crypto-fiat payment gateway. On/off ramp for merchants and users.

Price

$0.01

MCap

$0.0B

Circ %

32.2%

REQRequest

97PASS

Decentralized payment requests and invoicing. Crypto accounting.

Price

$0.06

MCap

$0.0B

Circ %

74.5%

RADRadicle

97PASS

Decentralized code collaboration. P2P GitHub alternative.

Price

$0.40

MCap

$0.0B

Circ %

49.8%

ORDIORDI

96PASS

First BRC-20 token on Bitcoin Ordinals; fully diluted meme with cultural value but zero protocol revenue or utility

Price

$4.12

MCap

$0.1B

Circ %

100%

Citations

[Ordinals Protocol] ORDI is the first BRC-20 token, inscribed on Bitcoin Ordinals in March 2023 with fixed 21M supply

[CoinGecko] ORDI ATH $99.84 in Dec 2023; down 95.8% as BRC-20 hype faded and Runes replaced the standard

[Ordinals Blog] Runes protocol superseded BRC-20 as the primary Bitcoin fungible token standard in 2024

ANKRAnkr Network

96PASS

Web3 infrastructure provider offering RPC nodes and liquid staking, but ANKR token has weak value capture vs the business revenues it supports

Price

$0.00

MCap

$0.0B

Circ %

96%

Citations

[Ankr Docs] Ankr operates a multi-chain RPC infrastructure serving millions of requests but token utility is largely staking/payments

[CoinGecko] ANKR down 97.8% from ATH with market cap of ~$47M reflecting minimal institutional demand

[DeFiLlama] Ankr liquid staking (ankrETH, ankrBNB) competes in a crowded field against Lido and Rocket Pool

POOLPoolTogether

96PASS

No-loss prize savings protocol. Deposit stables, win prizes.

Price

$0.15

MCap

$0.0B

Circ %

71.7%

FLUXFlux

96PASS

Decentralized cloud computing. 13K+ nodes. FluxOS for dApp deployment.

Price

$0.08

MCap

$0.0B

Circ %

100%

CTSICartesi

96PASS

Linux rollups. Run full Linux programs as rollup computations.

Price

$0.03

MCap

$0.0B

Circ %

92.4%

ATOMCosmos

96PASS

Cosmos SDK #3 dev system globally but broken value accrual. $240K Hub TVL on $889M mcap. ICS revenue real but tiny ($526K/yr). Prop 848 inflation cap helps. Both cofounders gone. Named security in SEC lawsuits.

Price

$1.74

MCap

$0.9B

Circ %

100%

Citations

[DeFiLlama] $240K TVL on Cosmos Hub

[CoinGecko] ATH $43.84 (Sep 20, 2021)

[Electric Capital Developer Report 2025] Cosmos SDK 15,897 commits, 900+ monthly active devs, #3 globally

[Cosmos SDK GitHub] SDK v0.54.3 released May 2026

[Mintscan Governance] Prop 848 reduced max inflation from 20% to 10%

[Cosmos Hub documentation] ICS revenue: Neutron 25%, Stride 15% fee share

[Neutron governance] Neutron left ICS (graduated to sovereignty Apr 2025)

[Gravity Bridge post-mortem] Gravity Bridge $5.4M exploit (May 30, 2026)

[Cosmos Labs blog] Cosmos Labs acquired Mintscan, formed Korea subsidiary (Jun 4, 2026)

[Leap Wallet announcement] Leap Wallet shutdown (May 28, 2026)

[Noble announcement] Noble exiting Cosmos for EVM L1

[SEC Release 33-11412] ATOM NOT included in SEC Release 33-11412 safe harbor

[SEC litigation filings] ATOM named as security in SEC v Binance and SEC v Coinbase

[ICF Transparency Report] ICF treasury $247M (Jan 2026), spending cut 51%

[Coinglass whale data] Whale 1.76x long/short ratio (accumulation signal)

[Multiple sources] Both cofounders departed: Kwon to AtomOne, Buchman resigned Feb 2025

[Cosmos governance] COSMOSIS merger proposal (Osmosis→Hub) narrowly rejected

[Sei Network announcement] Sei disabled inbound IBC transfers (Apr 2026)

[Map of Zones] IBC: 115+ connected chains, $3B monthly transfer volume

[Cosmos Labs] Tokenomics redesign RFP: 9 proposals received, 5-step process

View analysis

ZKZKsync

95PASS

ZK rollup with strong tech but catastrophic tokenomics; airdrop dump destroyed community trust and TVL collapsed 90%+

Price

$0.02

MCap

$0.1B

Circ %

17%

Citations

[Blockworks] ZKsync airdrop in June 2024 was widely criticized for insider allocations and Sybil exclusions; token dumped 60% post-launch

[DefiLlama] ZKsync TVL collapsed from $700M to under $100M by Q1 2026 as developers migrated to Arbitrum/Base

[TokenUnlocks] Only 17% of ZK supply circulating; massive unlock schedule through 2028 guarantees sustained sell pressure

BALBalancer

95PASS

Pioneer AMM with weighted pools and boosted pools, but hemorrhaging TVL to Uniswap V4 and newer competitors while BAL token has severe value accrual problems

Price

$0.97

MCap

$0.0B

Circ %

61%

Citations

[DeFiLlama] Balancer TVL peaked at $4B in 2022 and has declined to ~$750M by 2025

[CoinGecko] BAL price down 98.7% from ATH; protocol revenue insufficient to justify current FDV

[Balancer Docs] Balancer V3 launched with hooks and 100% boosted pools, attempting to reclaim relevance

View analysis

ALPACAAlpaca Finance

95PASS

Leveraged yield farming protocol on BNB Chain.

Price

$0.22

MCap

$0.0B

Circ %

100%

YGGYield Guild Games

95PASS

Gaming guild DAO. Scholar program for P2E game access.

Price

$0.04

MCap

$0.0B

Circ %

74.4%

INVInverse Finance

95PASS

DeFi lending with DOLA stablecoin. FiRM fixed-rate lending.

Price

$15

MCap

$0.0B

Circ %

97.4%

POLYXPolymesh

95PASS

Purpose-built securities chain. Regulated security token issuance.

Price

$0.03

MCap

$0.1B

Circ %

100%

CELOCelo

94PASS

Mobile-first L1 migrating to Ethereum L2 on OP Stack; migration complete but system traction and TVL extremely thin.

Price

$0.08

MCap

$0.0B

Circ %

73%

Citations

[Celo Blog] Celo completed migration from standalone L1 to Ethereum L2 on OP Stack in 2025

[DeFiLlama] Celo TVL ~$42M with most activity in Mento stablecoin and Ubeswap DEX

[CoinGecko] CELO ATH $10.66 reached August 2021 during alt-season

View analysis

GLMRMoonbeam

94PASS

EVM-compatible Polkadot parachain. Cross-chain interop via XCM.

Price

$0.01

MCap

$0.0B

Circ %

91.2%

RLCiExec

94PASS

Decentralized cloud computing marketplace. Off-chain compute for dApps.

Price

$0.43

MCap

$0.0B

Circ %

83.2%

MXMEXC Token

94PASS

MEXC exchange token. Trading fee discounts and holder benefits.

Price

$2.80

MCap

$0.2B

Circ %

22.5%

CKBNervos Network

93PASS

Bitcoin-compatible UTXO Layer 1 with RGB++ protocol enabling BTC-native assets; technically sound but tiny system

Price

$0.00

MCap

$0.1B

Circ %

73%

Citations

[CoinGecko] CKB ATH $0.05094 in May 2021; now 97.1% below ATH

[RGB++ Protocol Docs] RGB++ protocol enables native BTC asset issuance on CKB without bridges

[Nervos Docs] Nervos CKB secures assets via PoW mining with Bitcoin-compatible cryptography

STRKStarknet

93PASS

Technically superior ZK-STARK rollup but worst tokenomics in L2 sector; 98.9% down from ATH with years of unlocks remaining

Price

$0.04

MCap

$0.3B

Circ %

20%

Citations

[CoinGecko] STRK down 98.9% from ATH of $3.98; StarkWare airdrop in Feb 2024 immediately met with insider selling allegations

[Starknet Tokenomics] StarkWare and Starknet Foundation hold 80%+ of STRK supply with unlocks through 2027

[DefiLlama] Starknet TVL under $100M despite being EF-backed ZK rollup; developer activity in Cairo growing slowly

1INCH1inch Network

93PASS

DEX aggregator that pioneered intent-based routing but now faces commoditization from 0x, Paraswap, and native DEX aggregation within wallets

Price

$0.09

MCap

$0.1B

Circ %

74%

Citations

[Token Terminal] 1inch processes $1-2B/month in DEX aggregation volume but token holders capture no fee revenue

[CoinGecko] 1INCH down 98.9% from ATH; Fusion mode captures MEV but does not redistribute to stakers

[Dune Analytics] Aggregator space consolidating with wallets integrating routing natively, reducing standalone aggregator relevance

View analysis

BONKBonk

93PASS

Solana's original dog meme coin with $480M market cap; massive community but zero fundamental revenue and pure sentiment-driven price action.

Price

$0.00

MCap

$0.5B

Circ %

68%

Citations

[BONK Blog] BONK launched as Christmas airdrop to Solana NFT holders December 2022; revived Solana community post-FTX

[Dune Analytics] BonkBot Telegram trading bot generates real fee revenue in SOL, partially used for BONK burns

[CoinGecko] BONK ATH $0.0000594 reached November 2024 during Solana meme season

View analysis

OSMOOsmosis

93PASS

Cosmos DEX with heavy inflation and declining TVL dominance as IBC system fragments

Price

$0.06

MCap

$0.0B

Circ %

62%

Citations

[CoinGecko] OSMO down ~99.4% from ATH of $11.25

[DeFiLlama] Osmosis TVL ~$72M, declining as Cosmos system loses momentum

[Osmosis Docs] Annual inflation rate ~25%, funded by protocol emissions

PROPPropy

93PASS

Real estate transaction automation. NFT property titles on-chain.

Price

$0.35

MCap

$0.0B

Circ %

57.9%

FARMHarvest Finance

93PASS

Yield farming aggregator. Auto-compounds across DeFi protocols.

Price

$6.58

MCap

$0.0B

Circ %

97.4%

MOBILEHelium Mobile

92PASS

Helium subDAO token for mobile network; extremely low liquidity and no direct value accrual beyond coverage reward emissions

Price

$0.00

MCap

$0.0B

Circ %

55%

Citations

[Helium Documentation] MOBILE is Helium's subDAO token for the 5G mobile network; rewards hotspot deployers covering cellular data

[Crypto.com Exchange] MOBILE volume is extremely thin; Crypto.com shows ~$2,600 daily volume, making it near-unliquidatable at any size

[Helium Blog] Helium Mobile subDAO burns MOBILE to mint HNT Data Credits; burn rate depends on subscriber data usage

WWormhole

92PASS

Cross-chain messaging with $45B+ cumulative bridge volume; only 18% circulating with devastating unlock schedule and no protocol revenue to token.

Price

$0.01

MCap

$0.1B

Circ %

18%

Citations

[Wormhole Explorer] Wormhole has facilitated $45B+ in cumulative cross-chain transfers across 30+ blockchains

[Wormhole Token Docs] W token launched March 2024 with only 18% of 10B total supply at TGE; insiders vest over 4 years

[CoinGecko] W ATH $0.877 reached April 2024 on TGE momentum; now 98.5% below ATH

PEPEPepe

92PASS

Ethereum's largest meme coin at $1.6B market cap with massive liquidity; culturally entrenched but zero revenue and purely narrative-driven valuation.

Price

$0.00

MCap

$1.5B

Circ %

94%

Citations

[CoinMarketCap] PEPE is the third-largest meme coin by market cap at $1.6B and one of Ethereum's most liquid small-cap tokens

[CoinGecko] PEPE ATH $0.00002780 reached May 2024; currently 86% below that level

[Etherscan] PEPE deployer wallet holds ~6% of total supply which has been subject to intermittent sell pressure

View analysis

MBOXMOBOX

92PASS

GameFi platform combining yield farming and NFT gaming.

Price

$0.01

MCap

$0.0B

Circ %

100%

HOPRHOPR

92PASS

Decentralized mixnet for data privacy. Network-layer privacy protocol.

Price

$0.03

MCap

$0.0B

Circ %

96.6%

SNTStatus

92PASS

Web3 messaging and browser. Waku privacy protocol. Keycard hardware.

Price

$0.03

MCap

$0.0B

Circ %

58.2%

ALPHAAlpha Venture DAO

91PASS

DeFi system of leveraged yield products. Alpha Homora.

Price

$0.01

MCap

$0.0B

Circ %

99.3%

PONDMarlin

91PASS

High-performance network infrastructure. TEE coprocessors for DeFi.

Price

$0.00

MCap

$0.0B

Circ %

82%

TRBTellor

90PASS

Decentralized oracle. PoW-style dispute mechanism for price feeds.

Price

$17.39

MCap

$0.0B

Circ %

97.6%

CELRCeler Network

90PASS

Cross-chain messaging and bridge protocol. cBridge for L2 transfers.

Price

$0.00

MCap

$0.0B

Circ %

56.5%

NANONano

90PASS

Instant feeless payments. Block-lattice architecture. Fully distributed supply.

Price

$0.35

MCap

$0.1B

Circ %

100%

ETCEthereum Classic

90PASS

Original Ethereum chain. PoW consensus. Smart contract compatible.

Price

$8.83

MCap

$1.4B

Circ %

100%

WLDWorldcoin

89PASS

Sam Altman-backed proof-of-personhood with global orb rollout but only 16.5% circulating; massive insider dilution incoming.

Price

$0.28

MCap

$1.1B

Circ %

16.5%

Citations

[Worldcoin Blog] Worldcoin has verified 10M+ unique humans via iris-scanning Orbs as of early 2026

[CoinGecko] WLD circulating supply is only ~17% of total with massive team/foundation unlocks through 2028

[Reuters] EU regulators and South Korea suspended Worldcoin data collection over GDPR biometric data concerns

[CoinMarketCap] WLD ATH $11.74 reached March 2024

View analysis

DOGEDogecoin

89PASS

Meme coin with infinite inflation and zero protocol revenue. Pure sentiment vehicle; Elon tweet exposure is both catalyst and risk.

Price

$0.10

MCap

$15.6B

Circ %

100%

Citations

[Dogecoin GitHub] Dogecoin has no maximum supply cap and inflates by ~5B tokens annually

[Reuters] Elon Musk's DOGE Department of Government Efficiency named after the coin

[DeFiLlama] Dogecoin has virtually no DeFi system or protocol revenue

View analysis

ALICEMy Neighbor Alice

89PASS

Multiplayer farm game with blockchain assets. Accessible farming gameplay.

Price

$0.10

MCap

$0.0B

Circ %

100%

XTZTezos

88PASS

Self-amending smart contract chain that pioneered on-chain governance; overtaken by faster-moving L1 and L2 alternatives

Price

$0.35

MCap

$0.4B

Circ %

89%

Citations

[CoinGecko] Tezos ATH $9.18 in Oct 2021; now 96% below ATH with declining system

[SocGen Press Release] Societe Generale issued OFH tokens on Tezos as regulated bond, niche enterprise adoption

[DeFiLlama] Tezos TVL ~$22M, DeFi activity minimal vs. competing L1s

FLOKIFLOKI

88PASS

Elon-inspired meme coin with NFT game Valhalla and token-based university; marketing-heavy but system revenue negligible vs $290M market cap.

Price

$0.00

MCap

$0.3B

Circ %

96%

Citations

[Valhalla Game] FLOKI's Valhalla P2E game is live on mainnet but has struggled to attract sustained player base beyond initial launch

[CoinGecko] FLOKI ATH $0.0003402 reached November 2021 on Elon Musk name-dropping Shiba Floki puppy

[CoinDesk] FLOKI filed for ETF products with regulators in multiple Asian jurisdictions in 2025

View analysis

WIFdogwifhat

88PASS

Solana's top dog meme with fully diluted supply and $200M market cap; pure meme energy with no utility, revenue, or roadmap.

Price

$0.19

MCap

$0.2B

Circ %

100%

Citations

[CoinGecko] dogwifhat (WIF) reached $4.85 ATH in March 2024 and briefly held top 15 by market cap

[CoinMarketCap] WIF has 100% of total supply in circulation with no team allocation or vesting schedule

[The Block] WIF community funded a $700K Las Vegas Sphere advertisement in March 2024

View analysis

PEAQpeaq

88PASS

DePIN-focused L1 on Polkadot. Machine economy infrastructure.

Price

$0.00

MCap

$0.1B

Circ %

48.4%

HIGHHighstreet

88PASS

Commerce-centric metaverse. VR shopping with real brand products.

Price

$0.16

MCap

$0.0B

Circ %

SXPSolar

88PASS

DPoS blockchain formerly Swipe. Solar wallet and DEX system.

Price

$0.00

MCap

$0.0B

Circ %

100%

DENTDent

88PASS

Decentralized mobile data marketplace. eSIM and data trading.

Price

$0.00

MCap

$0.0B

Circ %

95.7%

BLASTBlast

87PASS

Native yield L2 that briefly held $2B TVL via points farming but collapsed post-airdrop; tokenomics are broken

Price

$0.00

MCap

$0.0B

Circ %

25%

Citations

[DefiLlama] Blast briefly held $2.3B TVL during pre-launch points phase in 2024; TVL collapsed to ~$280M post-airdrop

[The Block] BLAST airdrop in June 2024 seen as disappointing by community; token dumped 70%+ immediately

[TokenUnlocks] Only 25% of 100B BLAST supply circulating; Tier1 VC allocations open through 2027

LEVERLeverFi

87PASS

Leveraged trading protocol. Composable DeFi use.

Price

$0.00

MCap

$0.0B

Circ %

100%

NOSNosana

86PASS

Solana-native GPU inference network. CI/CD pipelines on decentralized compute.

Price

$0.08

MCap

$0.0B

Circ %

100%

GOGGuild of Guardians

86PASS

Mobile RPG by Immutable. Blockchain gaming with tradeable heroes.

Price

$0.02

MCap

$0.0B

Circ %

80%

AGLDAdventure Gold

86PASS

Loot NFT system token. Community-driven gaming DAO.

Price

$0.23

MCap

$0.0B

Circ %

94.2%

CANTOCanto

86PASS

Free public infra L1. Built-in DEX, lending, stablecoin. No rent-seeking.

Price

$0.01

MCap

$0.0B

Circ %

60.8%

EGLDMultiversX (prev. Elrond)

85PASS

Sharded Romanian L1 that rebranded to MultiversX; narrative exhausted with no meaningful DeFi or developer traction

Price

$4.05

MCap

$0.1B

Circ %

74%

Citations

[CoinGecko] EGLD ATH $545 in Nov 2021; now 99.3% below peak

[DeFiLlama] MultiversX TVL ~$25M, primarily on xExchange DEX

[MultiversX Blog] MultiversX rebranded from Elrond in 2022 to target metaverse narrative, adoption remains niche

ROSEOasis Network

84PASS

Privacy-focused L1 targeting confidential DeFi and data tokenization; thesis valid but adoption never arrived

Price

$0.01

MCap

$0.1B

Circ %

57%

Citations

[CoinGecko] ROSE ATH $0.5965 in Nov 2021; down 98.3% with 43% supply still locked

[DeFiLlama] Oasis Sapphire confidential EVM live but TVL under $10M

[Oasis Network Blog] Oasis backed by Binance Labs, Andreessen Horowitz, VC support strong but user adoption weak

BLURBlur

84PASS

NFT marketplace token that temporarily dominated OpenSea via airdrop-fueled volume incentives, but NFT market collapse and massive unlocks destroy the setup

Price

$0.02

MCap

$0.1B

Circ %

38%

Citations

[Dune Analytics] Blur achieved 60%+ NFT marketplace market share in 2023 via aggressive airdrop incentives, but volume collapsed with NFT market

[CoinGecko] BLUR only 38% circulating; model and other investors hold large locked positions with ongoing unlock schedule

[DeFiLlama] Blend (NFT lending by Blur) briefly captured significant NFT fi market but volumes have since dried up

View analysis

FORTHAmpleforth Governance

84PASS

AMPL governance token. Elastic supply stablecoin protocol.

Price

$0.24

MCap

$0.0B

Circ %

70%

MASKMask Network

82PASS

Browser extension for decentralized social media features that never achieved mainstream adoption; token has no revenue model

Price

$0.47

MCap

$0.0B

Circ %

55%

Citations

[Mask Network Blog] Mask Network extension allows encrypted posts and DeFi within Twitter/X but DAU estimates remain in the low thousands

[CoinGecko] MASK token down 98.3% from ATH with only 55% circulating; no fee revenue mechanism exists

[Mask DAO] Mask Network invested in early-stage DeSoc projects (Lens, Cyber) but indirect value accrual to MASK is speculative

BONDBarnBridge

82PASS

Risk tokenization protocol. Fixed-rate yield and tranching.

Price

$2.15

MCap

$0.0B

Circ %

100%

WAXPWAX

81PASS

NFT-focused blockchain. Used for Alien Worlds and other play-to-earn.

Price

$0.01

MCap

$0.0B

Circ %

100%

KAVAKava

80PASS

EVM+Cosmos hybrid chain that failed to differentiate; stagnant TVL and minimal protocol revenue

Price

$0.06

MCap

$0.1B

Circ %

71%

Citations

[CoinGecko] KAVA ATH $9.12 in Jan 2022, now $0.060, 99.3% drawdown

[DeFiLlama] Kava DeFi TVL ~$38M, flat for 18+ months

[Kava Blog] Kava 11 mainnet launched EVM co-chain but adoption remains limited

PRCLParcl

80PASS

Real estate price indices on Solana. Trade city-level housing markets.

Price

$0.02

MCap

$0.0B

Circ %

45.3%

FLOWFlow

78PASS

Dapper Labs chain built for NFTs (NBA TopShot); NFT market collapse destroyed its primary use case

Price

$0.04

MCap

$0.1B

Circ %

90%

Citations

[CoinGecko] Flow ATH $42.40 in Apr 2021; now 99.9% below ATH with NBA TopShot volume collapsed

[The Block] Dapper Labs laid off 22% of staff in 2023 as NFT revenues collapsed

[Flow Docs] Flow EVM mainnet launched in 2024 attempting to attract Solidity developers

LRCLoopring

78PASS

Ethereum ZK-rollup DEX protocol that was first to market but lost the L2 race to Arbitrum, Optimism, and Base

Price

$0.02

MCap

$0.0B

Circ %

72%

Citations

[CoinGecko] LRC ATH $3.83 in Nov 2021; down 99.5% as Loopring lost L2 market share to Arbitrum and Base

[GameStop] GameStop NFT marketplace built on Loopring shut down in February 2023

[DeFiLlama] Loopring TVL ~$18M, down from $250M peak in 2022; market share under 0.1% of Ethereum L2 system

IOTAIOTA

78PASS

DAG-based IoT ledger that spent 6 years rebuilding its coordinator; fully diluted with no DeFi system

Price

$0.06

MCap

$0.3B

Circ %

100%

Citations

[CoinGecko] IOTA ATH $5.69 in Dec 2017; 99% below ATH with no DeFi system

[IOTA Foundation] IOTA 2.0 (Stardust) removed coordinator but smart contract adoption remains near zero

[IOTA Tokenomics] Supply fully circulating at 2.78B MIOTA, no further inflation

IDEXIDEX

77PASS

Hybrid DEX combining orderbook and AMM models.

Price

$0.00

MCap

$0.0B

Circ %

67.6%

MANTAManta Network

76PASS

Privacy-focused L2 on both Polkadot and OP Stack that failed to differentiate; near-zero TVL and activity in 2026

Price

$0.08

MCap

$0.0B

Circ %

40%

Citations

[DefiLlama] Manta Network TVL declined from $800M+ peak during new model farming to under $25M by 2026

[CoinGecko] MANTA down 97%+ from ATH as liquidity mining incentives dried up and genuine users didn't materialize

[Manta Network Docs] Manta operates both an Atlantic parachain on Polkadot and Manta Pacific L2 on OP Stack, diluting development focus

AXSAxie Infinity

76PASS

Pioneer play-to-earn NFT game that spawned an entire sector but collapsed under its own Ponzi tokenomics; $625M Ronin bridge hack accelerated the death spiral

Price

$1.17

MCap

$0.2B

Circ %

51%

Citations

[CoinDesk] Ronin Network (Axie's sidechain) suffered a $625M bridge hack by Lazarus Group in March 2022, the largest DeFi hack in history at the time

[DappRadar] AXS peak DAU was 2.7M in November 2021; by 2025 active players estimated at under 100K

[CoinGecko] AXS is down 99.3% from its $164.90 ATH with only 51% circulating supply; remaining unlocks will pressure price

View analysis

BTTBitTorrent

76PASS

Decentralized file sharing incentive token on TRON/BitTorrent network.

Price

$0.00

MCap

$0.3B

Circ %

99.7%

MCBMCDEX

76PASS

Decentralized perp exchange using AMM. MCDEX V3 on Arbitrum.

Price

$0.10

MCap

$0.0B

Circ %

79.2%

SUSHISushiSwap

74PASS

Once-prominent fork DEX that lost its narrative, its developers, and its users; no credible recovery path for the token

Price

$0.21

MCap

$0.1B

Circ %

63%

Citations

[DeFiLlama] SushiSwap TVL has fallen from $6B peak to ~$320M as market share shifted entirely to Uniswap and newer DEXs

[CoinGecko] SUSHI token is down 99%+ from ATH with multiple head-of-development departures since 2022

[Rekt News] SushiSwap suffered an $3.3M Mango-style exploit in 2023 highlighting ongoing security and governance failures

View analysis

RVNRavencoin

74PASS

PoW L1 for asset tokenization. Bitcoin fork with asset issuance.

Price

$0.01

MCap

$0.1B

Circ %

100%

NOTNotcoin

73PASS

Telegram tap-to-earn game token. 100% circulating supply means no open overhang but zero DeFi integration and massive user base already rewarded.

Price

$0.00

MCap

$0.0B

Circ %

100%

Citations

[Open Builders] Notcoin tap-to-earn game on Telegram attracted 35M+ players before token launch

[CoinMarketCap] NOT token has 100% circulating supply with no future unlock pressure

[CoinGecko] Notcoin listed on major exchanges in May 2024 with immediate decline post-listing

BANDBand Protocol

73PASS

Alternative oracle network that briefly challenged Chainlink in 2020-2021 but has since been almost entirely displaced; no meaningful recovery signals

Price

$0.21

MCap

$0.0B

Circ %

68%

Citations

[CoinGecko] Band Protocol has lost 99%+ from ATH and is no longer listed as a primary oracle by major DeFi protocols

[DeFiLlama] Pyth Network and Chainlink account for 95%+ of oracle data requests across EVM chains in 2025

[GitHub] Band V3 upgrade announced but developer community activity has declined significantly on GitHub

POPCATPopcat

73PASS

Pure Solana memecoin based on the Popcat internet meme; zero utility, zero revenue, 100% sentiment and market cycle exposure

Price

$0.06

MCap

$0.1B

Circ %

100%

Citations

[CoinGecko] POPCAT reached $1.79 ATH in November 2024 during Solana memecoin season before declining 96.8%

[CoinMarketCap] Popcat is a Solana-native memecoin with 100% circulating supply and no founding team wallet

[Dune Analytics] Solana memecoin trading volume collapsed 80%+ from Nov 2024 peak by Q2 2025

MODEMode Network

72PASS

OP Stack L2 focused on DeFi yield aggregation; lost relevance post-airdrop with no unique differentiation from Base/Optimism

Price

$0.01

MCap

$0.0B

Circ %

32%

Citations

[DefiLlama] Mode Network TVL peaked near $500M during points farming season, collapsed to ~$35M by 2026

[CoinGecko] MODE down 91% from $0.124 ATH; listed on Bybit and Gate.io with thin liquidity

[Mode Network Blog] Mode pivoting to AI agent use cases in 2025-2026 as DeFi yield farming narrative faded

SHIBShiba Inu

71PASS

Meme coin with quadrillions of tokens and negligible DeFi. Shibarium L2 launched but sees minimal usage. Pure sentiment and retail speculation.

Price

$0.00

MCap

$3.3B

Circ %

100%

Citations

[Shib Army] Shibarium L2 launched August 2023 with limited adoption

[ShibBurn] SHIB burn rate less than 0.01% of supply annually through burning mechanisms

[DeFiLlama] Shiba Inu has no protocol revenue from core token

View analysis

NEONeo

68PASS

Chinese Ethereum from 2017 with dual-token model (NEO+GAS); the 'smart economy' never materialized

Price

$2.90

MCap

$0.2B

Circ %

70.5%

Citations

[CoinGecko] NEO ATH $198.38 in Jan 2018; 98.5% below ATH; system activity minimal

[Neo.org Blog] Neo X EVM sidechain launched in 2024 to attract Solidity devs but gained minimal traction

[Reuters] China crypto ban significantly limits NEO's domestic development community

RBNRibbon Finance

68PASS

Structured products protocol (covered calls, puts) that pioneered on-chain options vaults but has been rendered largely obsolete by Aevo and Lyra

Price

$0.07

MCap

$0.0B

Circ %

55%

Citations

[Ribbon Finance Blog] Ribbon Finance merged with Aevo to create Aevo Exchange; AEVO token was introduced separately from RBN

[DeFiLlama] RBN TVL collapsed from $300M+ in 2022 to ~$40M as structured products fell out of favor

[CoinMarketCap] RBN is not listed on major CEXs; liquidity is fragmented across Uniswap and Gate.io

SUPERSuperVerse

67PASS

Rebranded SuperFarm gaming/NFT system with celebrity associations that never translated to user adoption; token structurally impaired

Price

$0.12

MCap

$0.1B

Circ %

62%

Citations

[CoinMarketCap] SuperFarm rebranded to SuperVerse in 2022 with celebrity NFT drops but never shipped a functional game

[CoinGecko] SUPER token down 97.9% from ATH with no protocol revenue and declining social engagement

[DappRadar] P2E gaming sector has seen 90%+ decline in active wallets since 2022 Axie Infinity peak

MOVEMovement

67PASS

Move language L1 down 98.6% from ATH following market maker scandal and insider dumping; project credibility severely damaged

Price

$0.02

MCap

$0.1B

Circ %

22%

Citations

[The Block] Movement Labs embroiled in market maker scandal in early 2025; Rentech (market maker) accused of wash trading and coordinated dumps

[CoinGecko] MOVE down 98.6% from $1.15 ATH; listed on Binance at launch with massive insider allocation concerns

[DefiLlama] Movement TVL under $20M despite $38M raise and prominent backers including Polychain and Binance Labs

JASMYJasmyCoin

67PASS

Japanese IoT data sovereignty project with Sony/NTT connections but zero DeFi integration, minimal real-world adoption, and 99.9% ATH drawdown

Price

$0.01

MCap

$0.3B

Circ %

56%

Citations

[CoinGecko] JasmyCoin is down 99.9% from its $4.99 ATH set in February 2021 during Japanese IoT hype cycle

[Jasmy Corp] Jasmy partnerships with Sony Network Communications announced but no product revenue has materialized

[Binance Japan] JASMY listed on Binance Japan in 2023, giving domestic retail access but volume remains speculative

MANADecentraland

66PASS

Pioneer decentralized metaverse with DAO governance that peaked in 2021 hype; now averages under 1,000 concurrent users despite $165M market cap

Price

$0.09

MCap

$0.2B

Circ %

63%

Citations

[CoinDesk] Decentraland's peak concurrent user count in 2025 estimated at 300-800 users despite $165M market cap

[CoinGecko] MANA down 98.5% from ATH of $5.85 set November 2021; Decentraland DAO controls large MANA treasury

[The Block] Decentraland Foundation raised $30M in 2021 but metaverse user growth flatlined; competitor Fortnite/Roblox captured the gaming market

View analysis

ZILZilliqa

63PASS

2018-era sharding chain that lost the scalability race; GameFi pivot failed to gain traction

Price

$0.00

MCap

$0.1B

Circ %

78%

Citations

[CoinGecko] Zilliqa ATH $0.255 in Jan 2018; now 98.4% below ATH

[DeFiLlama] ZIL TVL under $2M, system activity near zero

[Zilliqa Blog] Zilliqa 2.0 EVM compatibility upgrade announced but developer adoption minimal

SPELLSpell Token

63PASS

Governance token for Abracadabra Money (MIM stablecoin), permanently impaired by Wonderland scandal and UST contagion; no recovery path evident

Price

$0.00

MCap

$0.0B

Circ %

72%

Citations

[CoinDesk] Wonderland DAO (TIME/MEM) CFO exposed as 0xSifu (Michael Patryn, QuadrigaCX co-founder) in Jan 2022, triggering SPELL collapse

[DeFiLlama] SPELL token is down 99.5% from ATH; Abracadabra TVL fell from $5B+ to ~$85M

[CoinGecko] MIM stablecoin briefly depegged in 2022 and 2023; structural confidence never recovered

DOGSDOGS

62PASS

Telegram meme coin distributed via airdrop to community. No utility beyond speculation. Purely a TON system sentiment trade.

Price

$0.00

MCap

$0.0B

Circ %

100%

Citations

[DOGS Telegram] DOGS distributed as airdrop to TON/Telegram community in 2024

[CoinMarketCap] DOGS has 100% circulating supply with no team allocation or vesting

[CoinGecko] DOGS token 74% below all-time high with minimal trading volume

QTUMQtum

61PASS

2017-era Bitcoin UTXO + Ethereum EVM hybrid; technically obsolete and system is a ghost town

Price

$0.93

MCap

$0.1B

Circ %

92%

Citations

[CoinGecko] QTUM ATH $100.61 in Jan 2018; now 99.1% below ATH with system essentially dead

[DeFiLlama] Qtum TVL under $1M, among the lowest of any named L1

[GitHub - qtumproject] Qtum GitHub activity near zero; no major protocol updates since 2022

SANDThe Sandbox

58PASS

-99.4% ATH. 4,500 DAU. Founders ousted. 50% layoffs. Staking dead. $312K daily vol. Metaverse narrative buried.

Price

$0.05

MCap

$0.1B

Circ %

70%

Citations

[CoinMarketCap Analysis] On-chain DAU approximately 4,500 (May 2026)

[CoinDesk] 50%+ workforce cut (~250 employees), offices closed in Argentina, Uruguay, S. Korea, Thailand, Turkey, Lyon

[Blockworks] Arthur Madrid removed from CEO → Non-Exec Chairman. Borget removed from COO → Global Ambassador

[Cryptopolitan] Animoca deposited 25M+ SAND ($8.65M) to Binance in November 2024

[OpenSea / Messari] LAND floor 0.036 ETH (~$65), -98% from peak 2.86 ETH. 12 daily LAND buyers (Q1 2025 Messari)

[PlayToEarn] Alpha Season 7: 32 experiences, 650K SAND rewards ($34K). Season 5+6 combined: 144K players

[Sandbox Docs] Staking rewards TERMINATED June 26, 2025. No replacement program.

[PRNewswire] Sandbox NEXT mobile playtest (UE5, extraction survival) March 26-29 + April 2-9, 2026

[Caldera] SANDchain (ZKsync L2) testnet Oct 14, 2025. Mainnet target 2026, not yet launched.

[Bloomberg] Animoca Nasdaq listing via reverse merger with Currenc Group, target Q3 2026

[CryptoBriefing] Meme coin launchpad pivot on Base announced Aug 2025, then walked back/denied

[Animoca Brands] Animoca moved SAND reserves off-balance-sheet in Mar 2024. $2.9B total off-BS token reserves (Q4 2024)

[Various] Roblox 214M MAU, Fortnite 236M users. Sandbox: hundreds of DAU. Not competitive.

[CoinGecko Research] Metaverse LAND prices -95% from peak. Meta burned $90B on metaverse, retreated Mar 2026.

[Tokenomist] Vesting fully complete Feb 2025. 88.9% circulating. 333M in insider wallets, fully liquid.

View analysis

MEMEMemecoin

57PASS

Meta-meme token with no utility whatsoever. Exists purely as a narrative artifact. 83% below ATH with no recovery catalyst.

Price

$0.01

MCap

$0.0B

Circ %

62%

Citations

[CoinMarketCap] Memecoin (MEME) has no protocol utility, revenue, or fundamental value case

[CoinGecko] MEME token 83% below all-time high with no clear recovery catalysts

NEIRONEIRO

56PASS

Dog meme coin named after Kabosu's companion. Zero utility, zero revenue. Pure retail gambling with extreme manipulation risk.

Price

$0.00

MCap

$0.0B

Circ %

100%

Citations

[CoinMarketCap] NEIRO named after dog owned by Kabosu (original Doge meme dog) owner

[CoinGecko] NEIRO has no whitepaper, roadmap, or fundamental utility

GALAGala Games

53PASS

Gaming platform token down 99.6% from ATH; wracked by internal fraud allegations, token supply manipulation, and a gaming sector with no mass-market hits

Price

$0.00

MCap

$0.2B

Circ %

32%

Citations

[CoinDesk] Gala Games co-founder Eric Schiermeyer sued Wright Thurston for unauthorized minting of $130M worth of GALA tokens in 2023

[CoinGecko] GALA is down 99.6% from ATH of $0.8367; only 32% of total supply is circulating with massive future dilution

[DappRadar] Gala Games titles have fewer than 10,000 daily active users combined across all games in 2025

View analysis

KDAKadena

50PASS

PoW blockchain with 20-chain sharding that promised infinite scale; system is effectively dead

Price

$0.01

MCap

$0.0B

Circ %

59%

Citations

[CoinGecko] KDA ATH $28.25 in Nov 2021; down ~99.98% with Binance delisting

[DeFiLlama] Kadena TVL under $500K, one of the lowest among named L1s

[Kadena Docs] Kadena uses PoW with 20 parallel chains, no staking yield, high inflation from mining

ONEHarmony

48PASS

Sharded L1 permanently damaged by the $100M Horizon bridge hack; trust destroyed, system never recovered

Price

$0.00

MCap

$0.0B

Circ %

64%

Citations

[Rekt News] Harmony Horizon bridge hacked for $100M in June 2022, largely uncompensated

[CoinGecko] ONE down 99.5% from ATH of $0.38; system TVL near zero

[Harmony Governance] Harmony ONE community proposed 4.97B token mint to compensate hack victims but plan rejected

13-Agent Verification Sprint

Every score was challenged by skeptical verification agents running 50+ sub-queries. Key corrections applied:

PENDLE -12Revenue collapsed 88% ($34M→$6.6M). P/S 9x→47x.

SYRUP -12$100M ARR is a projection, not achieved. Circ% was 65%→98%.

LINK -9Oracle share inflated: 63-70% not 83.7%. Three 10/10s indefensible.

LQTY -7V2 is a RE-deployment after Jan 2025 bug. BOLD <0.01% share.

GEOD -5Q2 revenue DECLINED -29% QoQ. ARR ~$5M not $10.5M.

GMX -4Protocol revenue $14M, not $42M (3x overstatement).

CRV +7Revenue growing. ATH distance -96%, not -99.6%.

ONDO +6Fee switch imminent H2. SEC probe CLOSED. Real partnerships.

JUP +5Securitize equities LIVE. system growth accelerating.

NEAR +5P/S is 32-38x, not 290x. AI chain abstraction thesis intact.

ENA +5Smart money entering. Institutional adoption improving.

KMNO +1Revenue understated ($8.7M→$17M). V2 already live.

25-Variable Heatmap

Each variable scored 1-10. Green ≥7 | Yellow 4-6 | Red ≤3

#	Variable	HYPE	ETH	WSTETH	BTC	MKR	SOL	GEOD	SYRUP	UNI	COW	LINK	ETHFI	PENDLE	RETH	CBETH	AERO	MORPHO	AAVE	LQTY	JUP	CETUS	SUI	LDO	OKB	BNB	GMX	DRIFT	PAXG	SKY	CRV	AR	INJ	KMNO	FLUID	AVAX	ENS	ACX	NEAR	BANANA	BGB	ARB	JTO	SAFE	VIRTUAL	SNX	RAY	OLAS	AKT	GNO	TAO	RENDER	BERA	LEO	TRX	LIT	OP	POL	CAKE	LPT	GT	ORCA	HNT	GRT	XRP	VELO	MAV	VRTX	ENA	TIA	CHZ	COMP	PRIME	MNDE	KCS	STX	WOO	IMX	XMR	STG	JOE	APT	GNS	QNT	S	ONDO	CFG	KAS	ADA	HBAR	TNSR	GRASS	YFI	FTM	TON	MATIC	KNC	FET	DYDX	BICO	IO	PERP	STORJ	ALCX	OM	XLM	EIGEN	PYTH	VELA	GEL	RUNE	SSV	ZRO	SLND	GTC	THETA	FXS	QUICK	RPL	PENGU	RDNT	RON	MLN	RSR	DOT	CVX	KLAY	KSM	SHDW	LTC	SCROLL	ICP	CRO	TRU	APE	FIL	ZEC	VET	ATH	ILV	MC	DASH	GMT	AUDIO	SEI	CORE	BADGER	USUAL	API3	FLR	CFX	MINA	NMR	HT	IOTX	ALGO	COTI	SKL	ACH	REQ	RAD	ORDI	ANKR	POOL	FLUX	CTSI	ATOM	ZK	BAL	ALPACA	YGG	INV	POLYX	CELO	GLMR	RLC	MX	CKB	STRK	1INCH	BONK	OSMO	PROP	FARM	MOBILE	W	PEPE	MBOX	HOPR	SNT	ALPHA	POND	TRB	CELR	NANO	ETC	WLD	DOGE	ALICE	XTZ	FLOKI	WIF	PEAQ	HIGH	SXP	DENT	BLAST	LEVER	NOS	GOG	AGLD	CANTO	EGLD	ROSE	BLUR	FORTH	MASK	BOND	WAXP	KAVA	PRCL	FLOW	LRC	IOTA	IDEX	MANTA	AXS	BTT	MCB	SUSHI	RVN	NOT	BAND	POPCAT	MODE	SHIB	NEO	RBN	SUPER	MOVE	JASMY	MANA	ZIL	SPELL	DOGS	QTUM	SAND	MEME	NEIRO	GALA	KDA	ONE
1	Protocol Revenue	10	9	9	5	9	7	8	7	4	7	6	7	6	4	6	8	5	7	4	6	3	3	7	7	7	5	7	4	8	8	5	5	6	6	2	6	6	3	7	6	3	6	4	6	4	6	4	5	5	3	4	4	6	8	7	3	4	6	5	5	5	3	5	3	5	5	5	6	3	4	3	4	4	6	3	5	4	3	5	5	4	4	3	4	2	4	2	3	3	4	4	5	3	1	4	4	1	5	3	4	4	4	4	3	3	3	3	4	3	5	3	5	4	2	3	4	4	5	1	4	3	3	3	3	4	3	2	3	2	3	3	3	3	3	4	3	3	4	2	3	3	3	2	3	3	3	4	3	2	2	2	3	5	2	2	2	2	3	3	2	1	3	2	3	2	4	3	3	4	2	3	2	2	2	2	4	2	2	3	1	3	3	3	2	3	1	3	2	1	3	2	3	3	1	2	1	1	2	2	1	1	2	2	2	3	2	2	3	2	1	2	2	2	3	2	2	2	2	2	2	2	2	1	2	1	3	2	2	3	1	1	2	1	1	1	2	3	1	1	1	2	1	3	1	1	1	1	1	2	1	1
2	Revenue Trend	9	5	8	5	8	5	6	7	7	7	7	7	3	4	6	7	6	5	6	4	7	8	6	6	5	5	8	4	7	6	5	6	4	4	3	6	7	6	5	6	5	6	5	6	5	4	5	6	5	5	5	5	5	6	4	5	4	5	5	5	5	5	5	4	4	6	6	4	4	4	4	5	5	5	4	5	4	3	4	5	5	3	4	5	5	5	3	3	4	4	5	3	4	2	3	4	4	4	4	5	4	4	4	5	3	3	3	5	4	3	4	4	4	3	3	4	4	3	2	4	3	3	4	3	3	3	3	4	2	3	3	3	4	3	4	3	3	5	3	3	2	3	3	4	4	3	3	3	3	3	2	3	3	3	2	3	3	4	3	3	1	3	3	3	3	5	3	3	3	3	3	3	2	3	3	4	2	3	3	3	3	4	3	3	3	1	3	3	2	3	3	3	3	2	2	2	1	3	2	2	1	4	3	2	3	2	3	4	3	2	2	2	2	2	2	2	2	2	2	3	2	1	1	2	2	2	2	2	2	2	1	2	1	2	1	1	2	1	1	1	2	1	2	1	1	1	1	1	2	1	1
3	P/S Multiple	7	5	7	3	8	5	7	7	3	8	5	8	5	7	6	6	5	8	8	6	7	5	5	5	5	7	8	5	7	5	5	5	7	7	1	5	9	5	5	5	4	2	5	5	7	6	6	5	4	3	3	6	5	6	7	4	4	5	5	5	5	2	4	2	6	6	5	5	3	4	2	4	5	5	4	5	5	5	5	5	4	8	4	5	1	5	3	2	3	4	5	3	4	3	4	5	3	4	4	6	5	5	5	3	4	2	3	5	4	4	3	3	5	4	4	5	5	5	1	5	4	5	4	3	5	4	4	4	2	6	3	4	4	4	3	4	4	4	3	4	4	4	3	3	4	5	6	5	4	4	4	4	5	4	3	4	4	4	5	4	1	5	4	4	4	2	6	5	5	4	5	4	4	4	4	5	4	6	4	1	4	4	5	7	2	1	4	4	4	4	4	4	4	5	4	1	1	4	3	1	1	3	4	4	4	7	4	4	3	4	4	3	3	5	5	5	5	3	3	3	3	3	2	4	6	3	3	4	4	4	1	4	1	5	1	2	4	3	5	1	2	2	3	1	2	2	1	1	3	2	1
4	Supply Inflation	5	7	8	10	7	5	4	6	7	8	3	5	8	8	8	4	3	9	9	6	5	2	7	7	7	8	4	8	3	5	8	6	4	8	5	3	5	5	8	7	4	5	3	9	8	7	5	6	3	3	7	3	8	5	5	2	3	4	5	7	5	5	4	4	4	5	5	3	6	4	8	5	5	5	5	5	3	5	5	5	2	7	6	3	2	5	5	6	4	5	3	9	5	3	7	5	6	3	5	2	5	5	5	4	5	1	2	5	5	7	2	4	5	5	8	4	5	4	8	4	5	6	5	2	6	4	5	5	7	2	2	4	5	4	3	5	5	4	5	5	5	4	5	2	2	5	2	5	4	3	2	5	5	5	4	5	5	5	5	5	10	6	5	4	5	4	2	4	4	4	5	5	4	4	6	5	4	2	5	4	2	5	5	3	1	6	4	5	6	5	5	4	4	8	4	1	4	4	5	7	8	4	5	5	5	2	5	4	4	6	4	4	3	2	6	3	6	4	3	4	4	5	8	5	4	4	3	5	4	3	7	4	9	3	3	5	4	4	2	3	5	5	3	7	6	5	4	5	2	3	3
5	unlock schedule	5	10	10	10	7	7	5	6	9	9	4	5	9	10	10	5	3	9	9	7	5	2	7	7	7	7	3	10	9	7	8	6	5	8	7	5	5	6	8	7	3	5	2	9	9	9	5	6	5	2	8	3	8	6	2	2	3	4	6	7	6	6	5	3	5	5	5	2	1	6	8	5	6	6	5	5	3	8	5	5	2	8	7	3	1	5	6	7	4	5	3	9	6	2	6	6	6	3	5	2	5	6	6	4	5	1	2	5	5	8	2	1	5	5	8	4	5	5	8	4	5	7	5	5	7	5	6	5	9	2	3	5	5	5	2	6	6	4	5	5	7	5	5	2	2	6	2	5	4	3	3	7	6	5	4	5	5	5	6	5	10	7	5	5	5	6	1	5	5	5	5	5	4	5	6	5	5	1	5	4	4	6	6	4	1	6	5	5	7	6	5	6	6	8	5	1	5	5	7	7	9	4	5	5	5	2	5	5	4	7	5	6	3	2	6	3	6	5	4	4	5	6	8	6	3	3	4	6	5	5	8	5	9	2	6	5	4	3	2	3	5	6	4	7	7	6	4	5	2	4	4
6	Circ/FDV Ratio	4	10	10	9	7	7	6	9	8	7	6	7	6	10	10	5	5	9	10	3	6	3	8	8	7	8	3	10	9	7	9	7	5	7	7	3	6	7	9	7	5	6	2	9	9	6	5	7	2	3	8	4	9	9	3	3	4	5	6	7	5	7	7	4	7	5	5	4	7	7	9	5	6	6	7	5	5	8	5	6	3	3	7	4	2	5	7	7	5	4	4	9	7	4	8	6	8	5	5	2	6	7	6	4	5	1	4	5	5	8	3	2	5	5	9	6	5	7	8	5	5	7	5	7	7	5	7	5	8	2	8	5	6	5	3	7	6	4	5	5	7	5	5	3	3	7	4	7	4	4	5	7	6	5	6	5	5	5	6	5	10	8	5	5	5	4	2	6	6	5	6	5	6	5	6	5	6	2	6	7	7	6	6	7	1	8	5	5	7	6	5	6	6	8	5	1	9	5	8	8	10	4	5	5	5	5	5	5	4	7	5	7	5	3	6	6	7	5	6	4	7	6	10	6	5	4	4	6	6	5	9	6	9	4	5	5	5	5	3	6	6	6	6	9	8	6	6	8	3	5	6
7	Buyback/Burn	10	6	5	1	9	4	7	9	7	7	4	9	9	5	4	6	2	4	4	3	5	2	2	8	9	7	5	2	4	3	1	8	2	4	3	5	7	3	8	7	3	3	2	5	7	7	4	3	4	2	3	3	8	4	6	3	3	6	3	7	3	5	3	2	5	3	4	3	1	3	2	3	3	7	1	5	3	2	3	3	1	8	2	4	1	2	1	1	2	2	3	5	3	2	2	4	2	4	2	3	3	2	3	3	3	1	2	4	2	4	2	8	2	2	2	4	3	2	1	3	2	4	3	1	3	4	2	2	1	2	2	5	2	2	1	2	3	2	3	3	2	4	2	1	2	3	4	3	3	2	1	2	6	2	2	3	2	3	3	2	1	2	2	2	2	1	2	3	4	2	3	2	2	2	2	5	2	1	2	4	2	2	3	3	1	1	3	2	2	2	2	2	2	1	1	1	1	2	1	3	1	2	2	3	2	1	2	2	2	2	2	2	1	2	2	2	2	2	2	2	1	3	1	2	1	3	2	2	2	1	1	1	1	1	2	2	2	2	1	1	1	1	2	1	1	1	1	1	2	1	1
8	Smart Money Flows	9	9	9	10	7	8	9	7	7	7	8	7	6	8	7	7	9	7	5	6	7	8	6	5	5	5	6	6	5	5	6	6	7	7	6	6	5	5	5	5	6	6	6	6	4	4	6	5	6	7	6	6	4	3	8	6	5	4	5	4	5	5	4	5	4	5	5	7	6	4	5	6	5	4	5	5	5	4	5	4	6	5	5	5	6	5	4	4	5	5	5	4	4	7	3	4	5	4	5	5	4	3	5	5	4	5	5	4	4	3	4	5	4	5	3	4	3	3	5	4	4	4	4	3	3	4	4	4	3	4	3	3	4	4	4	4	3	4	4	4	3	3	4	5	4	4	4	3	4	3	4	4	3	4	3	3	3	3	3	4	3	3	4	3	4	5	4	3	3	4	4	3	3	3	3	3	3	4	3	3	3	3	3	3	5	4	3	3	3	3	3	3	3	3	3	5	3	3	2	2	3	4	3	3	2	3	3	3	3	3	3	2	3	3	3	3	3	2	2	3	2	2	2	2	3	2	2	2	2	2	2	2	2	3	2	2	2	2	2	2	2	1	1	1	1	1	2	1	1	1	1
9	Insider Selling	5	7	8	9	7	5	8	7	4	7	3	7	4	8	7	6	6	6	7	7	5	4	5	6	4	8	5	8	6	4	6	5	5	7	6	6	6	7	5	5	4	4	5	6	8	6	5	5	6	5	5	4	6	3	3	3	4	5	5	5	5	5	5	4	5	5	5	3	3	5	5	5	5	5	5	5	4	7	5	5	3	7	5	4	3	5	6	6	5	5	4	5	5	2	4	5	5	3	5	3	5	5	5	3	5	2	3	5	5	6	4	4	5	5	5	4	5	4	3	4	5	5	5	5	4	5	5	5	7	3	3	5	5	5	3	4	5	4	5	5	6	5	5	3	3	5	3	4	4	4	3	5	4	5	4	5	5	5	5	5	6	4	5	5	5	3	3	4	5	5	5	5	4	5	5	4	4	2	3	4	5	5	5	4	2	4	5	5	5	5	5	5	5	6	6	2	5	5	4	4	5	4	5	5	5	3	5	5	4	5	5	4	4	2	5	3	5	5	4	4	3	4	5	5	3	3	4	5	3	6	4	3	4	3	4	3	3	3	1	3	3	4	2	4	3	1	3	3	1	3	3
10	Holder Concentration	5	6	5	6	5	5	6	5	5	6	4	5	5	6	6	6	4	4	5	3	5	4	5	4	3	5	4	5	3	4	5	5	5	5	5	5	4	5	5	4	5	4	5	5	5	5	5	5	5	4	5	4	3	3	2	5	5	5	4	4	4	5	5	4	5	4	4	4	3	4	4	4	4	4	5	4	4	5	4	4	4	4	4	4	1	4	5	6	4	4	4	4	4	2	5	4	5	4	4	3	4	4	4	3	4	3	3	4	4	5	4	4	4	4	5	4	4	5	3	4	4	4	4	5	4	4	4	4	6	3	3	3	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	3	3	4	4	4	4	4	4	4	3	4	4	4	4	4	3	4	4	4	4	4	4	4	4	3	4	2	4	4	4	4	4	4	2	4	4	4	4	4	4	3	4	4	5	2	5	4	4	3	4	4	4	4	4	3	4	3	4	4	4	4	4	3	4	3	4	4	4	4	4	4	3	4	3	3	3	4	3	5	4	3	2	3	3	4	3	3	2	3	3	3	3	3	3	2	3	2	2	3	2
11	Staking Yield (Real)	7	7	9	1	5	7	6	7	3	4	5	7	7	9	8	8	3	6	4	4	5	5	3	4	5	1	5	2	6	6	4	7	3	3	6	3	7	4	4	4	2	6	2	4	7	4	5	6	6	6	1	6	3	6	2	2	5	6	5	4	4	5	5	1	7	4	5	5	6	3	3	4	5	5	7	5	4	2	4	5	6	4	2	5	1	3	1	6	4	3	4	4	5	5	4	4	4	5	3	4	4	3	4	5	3	4	4	5	3	5	5	2	4	2	5	4	4	4	1	5	4	3	4	7	5	4	5	4	1	3	5	5	3	3	4	2	4	3	4	3	5	3	4	6	6	4	5	4	5	5	6	3	4	4	5	4	4	2	3	2	1	3	3	4	3	4	3	4	5	2	4	4	5	5	3	4	4	3	3	2	6	2	4	5	3	1	4	4	2	3	3	3	3	1	1	2	1	3	5	2	1	3	3	4	2	5	3	3	2	2	4	6	5	2	3	2	3	3	5	2	5	3	1	3	3	3	3	3	3	1	1	3	1	3	1	4	2	2	3	1	1	4	3	1	4	1	1	1	2	1	3
12	TVL Trend	9	6	7	3	8	7	6	9	6	5	7	8	4	4	5	7	9	3	5	7	5	9	6	5	5	4	8	5	5	7	5	5	8	5	3	4	6	4	2	5	6	7	8	5	3	5	4	5	5	4	3	7	4	5	4	5	5	5	4	4	5	4	4	3	4	6	5	3	4	4	5	4	5	4	4	5	5	3	5	5	6	4	3	6	9	5	2	3	4	4	3	3	4	2	4	4	3	5	4	4	4	3	4	5	3	6	5	5	4	2	6	2	4	3	2	4	4	4	1	4	3	3	4	3	3	3	3	4	1	4	4	3	4	3	4	2	2	4	3	3	3	3	3	5	5	3	3	3	4	3	3	3	3	3	3	3	3	3	3	3	1	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	4	2	3	3	3	2	4	1	3	3	2	3	3	3	3	2	2	2	1	3	2	1	1	4	3	2	3	3	3	3	3	2	3	2	2	2	2	2	2	2	2	3	2	2	1	2	2	2	2	2	2	2	1	2	1	2	2	1	2	1	2	1	1	1	2	1	1	1	1	1	1	1	1
13	Active Users/DAU	8	8	8	8	5	7	8	5	8	7	7	6	4	6	6	7	7	6	5	8	7	7	6	7	7	5	7	4	4	5	5	5	7	5	7	6	5	5	5	6	7	6	7	6	3	7	5	4	5	5	5	5	5	7	5	6	6	5	4	5	6	5	5	5	5	5	5	5	4	5	4	5	5	5	4	5	5	5	5	5	5	3	3	4	4	3	5	4	5	5	5	3	4	6	5	4	4	5	4	4	4	4	3	4	4	5	5	4	4	2	4	5	4	5	3	4	4	4	5	4	5	3	3	4	3	5	3	4	4	4	4	4	3	4	4	3	3	4	3	4	3	4	4	5	4	3	4	3	4	3	3	3	4	3	3	3	3	4	3	3	4	4	3	4	3	3	3	3	3	3	3	3	3	3	3	4	2	3	4	5	3	3	3	4	4	5	4	3	3	3	3	3	3	3	3	6	4	3	2	3	4	3	3	3	4	3	3	3	3	3	3	2	2	3	2	3	2	4	2	3	1	2	1	2	2	3	4	2	3	3	3	2	3	2	3	1	2	2	2	2	1	1	2	2	1	1	2	2	2	1	1
14	Developer Activity	6	7	7	7	7	8	6	6	8	7	8	6	6	7	5	7	7	4	7	7	7	8	6	5	5	6	7	3	6	8	7	7	7	7	6	7	6	8	5	5	8	6	7	6	6	5	7	6	6	7	6	6	4	4	7	8	7	5	6	4	6	5	6	5	6	6	6	5	7	5	5	6	6	4	5	5	6	6	5	5	6	6	5	6	4	6	5	5	5	6	5	4	5	7	5	5	6	5	6	6	5	5	5	5	5	6	6	5	6	5	6	6	5	6	4	5	5	5	4	5	5	5	5	4	4	4	5	5	3	6	6	4	5	5	6	5	4	5	5	5	4	5	5	5	4	4	5	5	5	4	6	4	3	5	5	5	5	4	5	6	2	4	5	5	5	6	5	5	4	4	5	4	5	5	5	3	4	6	4	3	5	4	4	3	6	1	4	5	5	4	5	5	4	4	4	6	2	4	3	3	1	5	4	4	4	4	4	4	5	3	4	4	4	4	4	4	3	3	4	4	3	3	3	3	3	4	3	3	3	3	2	3	1	3	3	3	3	3	4	3	3	2	2	1	1	3	1	1	3	2	1
15	system Growth	9	8	7	7	7	8	8	7	8	7	8	7	7	6	5	7	9	6	8	9	8	7	6	5	6	6	7	4	6	7	6	5	8	7	7	6	5	7	5	5	7	6	7	7	5	6	5	5	5	7	6	7	3	4	5	5	6	5	5	4	6	5	5	5	4	5	5	5	6	5	4	5	5	4	4	5	6	4	5	5	6	5	4	5	7	5	5	3	5	5	5	3	4	5	4	4	5	4	5	5	4	4	4	5	4	6	6	4	5	4	5	6	5	5	3	4	4	3	5	4	4	3	4	3	3	4	4	4	2	4	4	3	4	4	5	3	3	5	4	4	3	4	4	5	5	3	4	3	4	4	4	3	3	4	3	4	4	4	3	4	3	3	4	4	4	4	4	3	3	4	3	3	4	3	3	3	3	4	3	4	3	3	3	4	5	3	3	3	3	3	3	3	3	3	3	6	2	3	2	3	2	4	3	3	3	3	3	3	4	3	3	2	2	3	2	3	2	3	2	3	2	2	1	2	2	2	3	2	2	2	2	2	2	3	2	1	2	2	3	2	1	1	2	1	1	2	1	1	2	1	1
16	Market Share	9	7	8	10	8	8	8	7	8	6	8	8	9	5	6	7	8	8	4	8	8	6	8	6	6	3	7	7	7	7	5	4	7	7	4	8	5	5	5	5	8	6	8	6	2	5	4	4	5	7	5	5	5	7	4	6	5	6	6	4	5	5	6	6	4	4	4	7	5	7	3	4	5	4	4	4	5	7	5	5	4	2	5	4	8	5	5	3	3	5	5	3	3	4	4	3	4	4	4	4	3	4	3	4	4	7	6	3	5	5	6	4	4	5	3	4	4	3	5	3	4	4	3	3	4	3	3	4	3	4	3	3	3	4	5	4	3	3	3	3	4	5	5	3	3	3	3	3	3	3	3	3	3	3	2	3	3	3	3	4	4	3	4	3	3	4	3	3	3	4	3	3	2	3	2	3	2	3	4	6	3	3	3	3	6	7	3	3	3	3	3	2	3	2	3	5	5	3	2	4	5	2	2	2	3	3	2	2	3	2	2	2	2	5	2	3	2	3	2	2	2	2	1	2	2	3	3	2	2	2	2	2	3	2	3	1	2	2	2	2	2	1	2	2	1	1	2	2	2	1	1
17	Competitive Moat	9	8	8	10	8	7	7	7	7	8	9	6	9	6	5	7	7	7	5	8	7	7	7	6	6	5	6	7	6	8	7	3	6	8	6	7	5	5	4	5	5	6	8	5	3	4	6	4	6	6	5	6	5	6	6	6	5	5	6	5	5	6	5	5	4	5	5	5	5	7	3	5	5	5	6	4	5	8	5	5	5	5	6	4	6	5	6	3	5	5	5	4	4	7	3	4	2	4	5	5	4	5	5	4	5	6	5	4	5	6	6	3	4	5	2	4	4	4	4	4	4	5	4	4	3	4	4	4	3	5	5	4	4	5	5	5	4	4	5	4	4	4	5	4	5	4	4	3	4	6	6	5	4	4	4	4	4	3	4	5	3	3	5	4	4	3	5	3	3	4	4	5	3	4	4	3	5	6	3	2	4	4	3	4	5	4	3	4	4	3	3	3	3	4	4	5	2	3	3	2	2	3	3	3	3	3	3	3	3	3	4	3	4	4	3	3	3	3	3	4	1	3	2	3	3	3	4	3	2	3	1	2	1	2	1	2	2	2	3	2	2	1	2	1	1	2	1	1	2	2	1
18	Institutional Adoption	10	10	7	10	8	7	8	8	8	7	10	6	9	5	8	5	9	8	3	5	4	6	6	5	5	5	3	7	8	4	4	4	7	5	9	5	3	5	3	4	6	5	7	5	2	3	5	4	5	6	4	5	4	3	7	6	6	3	4	4	3	4	5	8	3	3	3	7	5	5	6	5	3	4	4	4	5	2	4	3	5	3	6	3	9	5	3	4	7	3	4	3	4	5	5	3	4	5	4	5	3	4	3	5	5	6	5	2	4	1	5	5	3	4	4	4	3	3	3	3	4	3	3	4	3	5	3	3	4	4	3	5	4	4	4	4	5	3	3	3	3	3	3	3	3	3	4	3	3	5	3	3	3	3	5	3	3	4	3	3	2	3	3	3	3	4	4	3	2	3	2	4	3	3	3	3	2	4	3	2	2	3	2	2	4	2	3	3	2	2	3	2	2	2	4	4	3	3	4	2	1	3	3	3	2	2	2	2	3	2	2	2	3	3	2	3	2	2	2	2	4	2	2	2	2	2	2	2	2	2	1	2	1	2	1	2	2	2	3	3	2	1	1	1	1	2	1	1	1	1	1
19	Exchange Depth	7	10	6	10	6	9	5	4	8	5	8	5	7	4	5	5	7	8	6	5	5	7	7	7	8	7	3	6	4	6	4	5	4	4	7	6	3	5	6	5	7	5	4	6	3	5	5	4	5	7	5	5	4	7	6	7	7	6	5	5	5	5	6	9	4	5	4	7	6	6	6	5	4	5	5	5	6	4	5	5	6	3	5	5	5	4	5	7	6	5	5	5	6	7	6	5	5	6	5	5	5	5	3	5	6	6	5	3	3	4	4	5	3	4	5	5	4	4	6	5	5	3	5	7	5	5	5	3	8	7	6	5	4	6	6	6	6	4	5	4	5	5	5	5	4	4	6	5	5	6	5	4	4	5	6	4	5	5	4	3	7	5	3	4	4	5	7	4	4	5	3	3	5	4	4	4	4	7	5	7	4	3	4	2	5	8	4	3	4	4	4	4	4	3	6	7	8	4	5	6	6	3	4	4	4	7	4	3	3	4	3	4	5	5	3	5	3	4	5	3	5	3	5	2	6	5	5	2	4	4	5	4	4	5	7	5	2	4	6	5	4	5	3	4	4	4	5	4	4	2	3
20	Regulatory Safety	4	10	6	9	8	6	7	6	9	7	9	6	6	7	6	6	7	8	8	5	5	6	5	5	2	7	5	8	4	5	6	5	5	5	9	7	6	7	4	5	7	6	8	5	5	3	6	7	7	6	6	5	4	2	5	7	7	5	6	4	5	6	7	7	6	5	5	3	6	5	8	5	5	4	6	5	6	2	5	5	6	3	6	6	8	5	8	7	6	5	4	6	5	3	6	5	5	5	5	6	5	6	5	5	6	5	7	5	5	1	7	3	5	5	6	5	5	7	5	5	5	5	5	7	6	5	5	5	8	7	6	5	5	4	6	3	7	5	5	5	5	5	5	5	7	5	5	6	5	8	7	5	3	5	8	5	5	5	5	5	6	6	5	5	5	4	7	6	4	5	4	7	7	5	5	3	7	7	5	6	6	5	4	6	6	6	5	5	5	5	5	5	5	6	5	2	7	5	7	5	6	5	5	5	5	5	5	5	5	5	5	7	6	5	5	5	4	5	6	4	7	7	7	4	5	4	4	4	5	5	4	6	4	5	5	3	5	5	5	6	5	7	4	4	5	4	5	4	3	6	6
21	Catalyst Calendar	9	8	6	8	7	8	7	7	8	7	9	7	8	6	5	6	6	7	7	7	7	7	6	5	5	8	8	3	5	6	6	6	6	7	8	6	5	8	5	5	6	6	5	6	8	4	5	6	5	6	6	5	3	4	7	6	5	5	4	4	5	5	4	7	5	5	5	6	5	4	4	5	4	4	5	4	6	3	4	4	6	5	4	6	8	5	5	4	5	4	5	3	4	8	3	4	5	4	4	5	4	3	4	5	4	5	4	4	4	5	5	7	4	4	4	4	4	4	5	4	3	3	4	4	3	3	3	4	3	4	5	3	4	4	5	4	3	5	4	4	3	4	3	5	5	3	4	4	4	4	4	3	3	4	4	4	4	4	3	3	4	3	3	3	4	5	4	4	3	4	3	3	4	3	3	3	4	4	3	3	3	3	3	4	4	3	3	3	3	3	3	3	3	2	3	5	4	3	2	3	2	4	3	3	3	3	3	3	4	3	3	2	4	4	2	3	2	2	2	3	3	2	3	2	3	3	2	2	2	2	2	2	2	4	2	2	2	3	3	3	2	2	2	2	1	3	2	2	2	1	1
22	BTC Alpha Potential	9	4	5	5	6	6	5	5	4	3	4	4	3	5	5	5	8	2	7	7	6	7	4	5	6	3	5	5	3	2	4	5	2	3	2	4	5	3	5	5	4	5	4	6	3	3	5	4	5	5	2	5	5	4	2	4	3	4	4	5	4	4	1	4	4	4	5	4	5	4	3	4	4	4	5	4	1	5	4	4	4	2	4	4	4	4	6	3	4	4	5	3	4	3	2	4	1	4	4	4	4	4	4	4	3	4	4	4	4	2	3	3	4	3	1	3	4	3	4	4	4	3	4	2	3	4	4	4	2	4	3	4	4	3	2	5	2	4	4	4	4	3	3	3	5	4	3	3	3	3	3	3	3	3	3	3	3	3	3	3	6	2	3	3	3	2	3	3	4	3	3	3	3	3	3	3	5	3	3	5	2	3	3	3	4	5	3	3	2	3	3	4	3	2	3	4	2	3	2	4	5	3	3	3	3	3	3	3	3	3	3	2	3	3	3	3	3	3	2	3	1	2	1	3	3	2	2	2	2	2	2	2	3	2	2	2	2	3	2	3	2	1	2	1	1	1	2	2	2	1	1
23	Team Execution	10	6	7	8	7	8	8	8	7	8	9	7	8	7	6	8	8	4	5	7	6	8	6	6	5	7	7	6	5	5	7	7	7	7	7	6	6	6	6	6	7	6	7	6	6	5	6	6	6	6	6	6	5	3	6	7	6	5	6	5	6	6	5	6	6	6	6	6	6	5	5	6	6	5	5	5	6	6	6	5	6	6	5	6	7	6	5	4	5	6	5	4	5	7	4	5	5	5	5	6	5	5	5	5	5	6	5	5	5	3	5	5	5	5	5	4	5	5	5	5	5	5	5	4	4	4	5	5	4	6	4	5	5	4	5	4	5	5	5	5	4	4	5	5	4	4	4	4	5	4	5	5	4	5	4	5	5	4	4	5	1	3	5	5	5	4	5	4	4	4	5	4	4	5	4	4	4	5	4	2	5	4	4	4	5	1	4	4	4	4	4	4	4	4	4	5	2	4	4	3	1	4	4	4	4	4	4	4	4	3	4	4	4	5	4	3	3	3	4	4	3	3	3	3	3	3	3	3	2	3	2	3	2	3	2	3	3	2	2	3	2	2	2	1	2	2	1	1	1	2	1
24	Treasury/Runway	9	8	8	9	9	7	7	7	7	8	7	7	7	7	8	6	8	6	5	6	6	7	7	6	7	7	6	8	8	6	7	6	6	5	7	7	6	6	5	6	6	6	6	5	4	5	6	6	7	5	6	6	7	5	7	6	6	5	5	6	5	5	6	7	5	5	5	5	7	5	6	5	5	5	5	5	6	5	5	5	6	5	6	5	5	5	4	6	5	5	5	4	5	5	5	5	5	5	5	6	5	5	5	5	6	7	6	5	5	4	5	6	5	5	5	5	5	5	3	4	5	5	5	6	5	5	5	5	5	6	6	5	5	5	5	5	5	4	5	5	5	5	5	6	5	5	5	5	5	5	6	5	5	5	5	5	5	5	5	5	1	4	5	5	5	4	6	4	4	5	4	5	5	5	5	5	5	6	4	2	4	5	4	4	6	1	4	5	6	4	5	4	4	3	4	7	2	5	5	3	1	4	4	4	4	5	4	4	5	4	4	5	5	5	4	4	4	4	5	4	4	4	4	4	4	4	4	4	3	3	2	4	1	4	2	5	3	3	4	3	4	3	3	1	3	3	1	1	3	3	2
25	Social Mindshare	9	6	7	10	4	9	7	5	7	5	7	5	5	5	5	6	6	5	5	7	6	8	5	5	7	4	5	4	3	4	5	6	5	4	5	5	4	5	6	5	6	5	5	7	4	5	5	5	5	8	7	6	3	5	5	6	5	4	4	4	5	4	4	8	4	4	4	6	6	5	4	5	4	4	5	4	5	5	4	4	5	3	5	5	6	4	7	6	4	5	6	3	4	8	4	4	6	4	4	4	4	3	4	5	4	6	4	3	4	4	3	4	4	5	3	3	3	3	8	4	4	3	4	4	3	4	4	4	4	4	5	4	3	5	4	4	3	4	4	4	3	4	4	5	4	3	4	3	4	3	4	3	3	3	3	3	3	3	3	4	5	2	3	3	3	3	4	3	3	4	3	3	3	3	3	3	3	4	3	7	3	3	3	2	4	8	3	3	3	3	3	3	3	3	4	6	9	3	2	6	7	3	3	3	3	4	3	3	3	3	3	2	3	4	2	4	2	3	2	3	2	2	2	2	2	3	3	2	3	3	5	2	5	3	7	2	2	4	3	4	3	1	2	4	1	2	5	4	3	1	1
	TOTAL	193	187	185	183	177	170	169	168	167	167	165	162	160	159	158	157	157	156	151	151	147	146	146	145	144	143	142	141	141	140	140	139	138	145	138	137	137	135	135	135	134	134	132	151	130	129	129	129	128	128	127	127	126	125	125	123	123	123	123	123	123	122	121	121	121	121	121	120	120	120	119	119	119	119	118	118	117	117	117	117	116	116	116	115	115	115	114	113	112	112	111	111	111	110	110	110	109	109	109	108	108	108	108	108	108	107	107	107	107	106	106	106	106	106	105	105	105	104	104	104	104	104	104	103	103	103	103	103	102	102	102	102	102	102	101	101	101	101	101	101	101	101	101	100	100	100	99	99	99	98	98	98	98	98	97	97	97	97	97	97	96	96	96	96	96	96	95	95	95	95	95	95	94	94	94	94	93	93	93	93	93	93	93	92	92	92	92	92	92	91	91	90	90	90	90	89	89	89	88	88	88	88	88	88	88	87	87	86	86	86	86	85	84	84	84	82	82	81	80	80	78	78	78	77	76	76	76	76	74	74	73	73	73	72	71	68	68	67	67	67	66	63	63	62	61	58	57	56	53	50	48

Raw Supply Data

Max supply, total supply, circulating supply, FDV, and where to buy. Links to CoinMarketCap.

Token	Max Supply	Total Supply	Circulating	Circ %	MCap	FDV	Where to Buy	CMC
HYPE	1.00B	999.99M	222.45M	22.2%	$12.4B	$55.6B	Bybit, OKX, Kraken, Bitget, THYP ETF (21Shares), BHYP ETF (Bitwise/NYSE), HYPG (Grayscale)	CMC
ETH	∞	120.69M	120.69M	100%	$197.8B	$264.0B	Binance, Coinbase, Bybit	CMC
WSTETH	∞	3.42M	3.42M	100%	$8.8B	$18.5B	Lido, Uniswap, Curve, 1inch	CMC
BTC	21.00M	20.03M	20.03M	94.5%	$1534.7B	$2289.0B	Binance, Coinbase, Kraken, Bybit, OKX	CMC
MKR	1.01M	900.0K	877.0K	91%	$1.6B	$1.9B	Binance, Coinbase, Bybit	CMC
SOL	∞	627.14M	578.22M	71.2%	$48.7B	$104.7B	Binance, Coinbase, Kraken, Bybit, OKX	CMC
GEOD	1.00B	965.61M	444.58M	43.9%	$71M	$161M	Gate.io, MEXC, Coinbase	CMC
SYRUP	∞	1.24B	1.16B	98%	$228M	$261M	Binance, Coinbase, Bybit	CMC
UNI	1.00B	895.28M	635.65M	63.4%	$1.6B	$2.5B	Binance, Coinbase, OKX	CMC
COW	1.00B	1.00B	578.93M	58%	$79M	$137M	Binance, Kraken, CoW Swap	CMC
LINK	1.00B	1.00B	727.10M	72.7%	$5.7B	$9.7B	Binance, Coinbase, Bybit	CMC
ETHFI	1.00B	998.54M	880.67M	84%	$324M	$386M	Binance, MEXC, Gate.io	CMC
PENDLE	∞	281.53M	170.87M	60.7%	$232M	$383M	Binance, Coinbase, OKX, Bybit, MEXC, KuCoin	CMC
RETH	∞	333.6K	333.6K	100%	$810M	$820M	Uniswap, Curve, Balancer	CMC
CBETH	∞	373.3K	127.0K	100%	$300M	$1.8B	Coinbase, Uniswap, Curve	CMC
AERO	∞	1.90B	941.37M	48%	$403M	$483M	Bybit, Kraken, Uniswap	CMC
MORPHO	1.00B	1.00B	646.19M	65%	$1.2B	$1.9B	Binance, Coinbase, OKX, Kraken, Bybit, Uniswap	CMC
AAVE	16.00M	16.00M	15.41M	96.3%	$960M	$1.0B	Binance, Coinbase, OKX	CMC
LQTY	100.00M	100.00M	98.72M	99%	$25M	$27M	Binance, Coinbase, Kraken	CMC
JUP	7.00B	7.00B	3.32B	47.4%	$501M	$1.1B	Binance, OKX, Bybit	CMC
CETUS	1.00B	1.00B	947.83M	55%	$23M	$203M	OKX, Gate.io, Cetus DEX	CMC
SUI	10.00B	10.00B	4.01B	33.5%	$4.1B	$37.5B	Binance, OKX, Bybit, Coinbase	CMC
LDO	1.00B	1.00B	849.05M	89%	$290M	$356M	Binance, Coinbase, OKX, Uniswap	CMC
OKB	21.00M	21.00M	21.00M	100%	$2.0B	$2.0B	OKX, Gate.io, KuCoin	CMC
BNB	200.00M	134.78M	134.78M	62.8%	$88.7B	$137.0B	Binance, OKX, Bybit, KuCoin	CMC
GMX	13.25M	10.40M	10.40M	78.5%	$66M	$90M	Binance, Bybit, Coinbase	CMC
DRIFT	1.00B	1.00B	611.52M	25%	$23M	$34M	Bybit, Gate.io	CMC
PAXG	∞	470.3K	470.3K	100%	$2.1B	$2.1B	Binance, Kraken, Coinbase	CMC
SKY	23.46B	23.46B	23.27B	99.1%	$1.3B	$1.3B	Binance, Coinbase, OKX, Kraken, Bybit, KuCoin	CMC
CRV	3.03B	2.38B	1.52B	66%	$333M	$725M	Binance, Coinbase, OKX	CMC
AR	66.00M	65.65M	65.65M	100%	$136M	$950M	Binance, OKX, Bybit, Gate.io	CMC
INJ	∞	100.00M	100.00M	80%	$564M	$1.3B	Binance, OKX, Bybit, KuCoin	CMC
KMNO	10.00B	10.00B	4.68B	47%	$69M	$147M	Binance, Bybit, Raydium	CMC
FLUID	100.00M	100.00M	78.69M	78.7%	$86M	$110M	Bybit, OKX, Coinbase, MEXC, Upbit	CMC
AVAX	720.00M	463.44M	431.77M	60%	$2.9B	$4.9B	Binance, Coinbase, Kraken, Bybit	CMC
ENS	100.00M	100.00M	40.41M	65%	$252M	$641M	Binance, Coinbase, Bybit	CMC
ACX	1.00B	1.00B	704.66M	60%	$29M	$41M	Binance, Uniswap	CMC
NEAR	∞	1.30B	1.30B	100%	$3.6B	$1.9B	Binance, Coinbase, OKX	CMC
BANANA	10.00M	8.40M	4.02M	92%	$15M	$145M	Binance, Bybit, Gate.io	CMC
BGB	2.00B	913.93M	699.99M	76.6%	$1.4B	$1.8B	Bitget, KuCoin, Gate.io	CMC
ARB	10.00B	10.00B	6.26B	42%	$672M	$4.2B	Binance, Coinbase, OKX, Bybit, Kraken	CMC
JTO	∞	1.00B	475.69M	74%	$237M	$510M	Binance, OKX, Bybit, Jupiter DEX	CMC
SAFE	1.00B	1.00B	740.41M	22%	$104M	$152M	Bybit, KuCoin, Uniswap	CMC
VIRTUAL	1.00B	1.00B	656.99M	65.7%	$427M	$649M	Bybit, Binance, Coinbase	CMC
SNX	344.94M	344.94M	344.52M	99.7%	$109M	$106M	Binance, Coinbase, OKX	CMC
RAY	555.00M	555.00M	268.98M	48.6%	$204M	$443M	Binance, MEXC, Gate.io	CMC
OLAS	∞	473.48M	236.97M	52%	$7M	$780M	Binance, Gate.io, Uniswap	CMC
AKT	388.54M	294.14M	292.08M	83%	$266M	$253M	Kraken, Coinbase, Gate.io, Osmosis	CMC
GNO	3.00M	3.00M	2.64M	74%	$309M	$1.2B	Binance, Kraken, Uniswap	CMC
TAO	21.00M	21.00M	9.60M	55.5%	$2.7B	$5.9B	Binance, OKX, Bybit, Coinbase	CMC
RENDER	644.25M	533.50M	518.74M	97.5%	$1.2B	$2.0B	Binance, Coinbase, OKX, Bybit	CMC
BERA	∞	540.79M	261.87M	28%	$98M	$197M	Bybit, Gate.io, Binance	CMC
LEO	∞	985.24M	920.54M	93.4%	$9.2B	$9.8B	Bitfinex, Gate.io	CMC
TRX	∞	94.81B	94.81B	100%	$35.5B	$23.3B	Binance, OKX, Bybit, HTX	CMC
LIT	1.00B	1.00B	250.00M	25%	$375M	$1.5B	Bybit, OKX, Coinbase, KuCoin, Gate.io, Bitget, MEXC	CMC
OP	4.29B	4.29B	2.15B	30.5%	$275M	$3.5B	Binance, Coinbase, OKX, Bybit, Kraken	CMC
POL	∞	10.65B	10.65B	38.2%	$982M	$1.9B	Binance, Coinbase, OKX, Bybit, Kraken	CMC
CAKE	400.00M	337.91M	325.48M	62%	$467M	$656M	Binance, PancakeSwap DEX, OKX, Gate.io	CMC
LPT	∞	49.69M	49.69M	100%	$115M	$115M	Coinbase, Kraken, Uniswap	CMC
GT	121.30M	121.30M	106.48M	87.8%	$759M	$864M	Gate.io, KuCoin	CMC
ORCA	100.00M	75.00M	60.80M	81.1%	$84M	$104M	Binance, Kraken, Gate.io	CMC
HNT	223.00M	183.00M	183.00M	74%	$141M	$179M	Bybit, Binance, Coinbase	CMC
GRT	10.80B	10.80B	10.80B	81%	$294M	$265M	Binance, Coinbase, OKX, Kraken	CMC
XRP	100.00B	99.99B	61.86B	56.2%	$82.9B	$245.0B	Binance, Coinbase, Kraken, Bybit, OKX	CMC
VELO	∞	24.00B	17.56B	62%	$68M	$190M	Bybit, Uniswap, Velodrome	CMC
MAV	2.00B	2.00B	928.87M	46.4%	$12M	$27M	Binance, Bybit, Uniswap	CMC
VRTX	1.00B	1.00B	76.00M	7.6%	$1M	$15M	Bybit, Gate.io, Vertex	CMC
ENA	15.00B	15.00B	9.03B	60%	$885M	$1.6B	Binance, MEXC, Gate.io	CMC
TIA	∞	1.17B	922.02M	22%	$429M	$448M	Binance, OKX, Coinbase, Bybit	CMC
CHZ	∞	10.38B	10.38B	100%	$370M	$370M	Binance, Coinbase, Kraken	CMC
COMP	10.00M	10.00M	9.67M	90.1%	$183M	$222M	Binance, Coinbase, Kraken, Uniswap	CMC
PRIME	∞	295.53M	295.53M	100%	$307M	$307M	Coinbase, Binance, Bybit	CMC
MNDE	1.00B	700.00M	546.40M	78.1%	$10M	$13M	Bybit, MEXC, Gate.io	CMC
KCS	∞	142.16M	134.66M	94.7%	$1.1B	$1.1B	KuCoin	CMC
STX	∞	1.85B	1.85B	82.7%	$449M	$1.5B	Binance, OKX, Bybit, KuCoin	CMC
WOO	3.00B	1.89B	1.89B	100%	$33M	$33M	Binance, Bybit, WOOFi	CMC
IMX	2.00B	2.00B	842.44M	55%	$139M	$346M	Binance, Bybit, Coinbase	CMC
XMR	∞	18.45M	18.45M	100%	$7.0B	$7.0B	Kraken, KuCoin, Huobi	CMC
STG	1.00B	117.82M	117.82M	100%	$20M	$20M	Binance, OKX, Uniswap	CMC
JOE	500.00M	499.71M	403.57M	80.8%	$17M	$21M	Binance, Bybit, Trader Joe	CMC
APT	2.10B	1.20B	819.55M	27%	$785M	$8.7B	Binance, Coinbase, Bybit, OKX	CMC
GNS	∞	24.21M	24.21M	97%	$12M	$52M	Binance, Gate.io, KuCoin	CMC
QNT	14.61M	14.61M	14.54M	99.5%	$1.2B	$1.2B	Binance, Coinbase, Kraken	CMC
S	∞	3.89B	3.78B	54%	$172M	$268M	Binance, Bybit, KuCoin	CMC
ONDO	10.00B	10.00B	4.87B	48.7%	$2.0B	$3.6B	Binance, Coinbase, OKX	CMC
CFG	∞	680.00M	577.16M	84.9%	$164M	$193M	Kraken, Coinbase, Gate.io	CMC
KAS	28.70B	27.46B	27.42B	82%	$909M	$1.0B	Bybit, KuCoin, Gate.io	CMC
ADA	45.00B	45.00B	37.01B	77.8%	$8.9B	$36.9B	Binance, Coinbase, Kraken, Bybit	CMC
HBAR	50.00B	50.00B	43.37B	86.7%	$3.8B	$4.4B	Binance, Coinbase, Kraken	CMC
TNSR	1.00B	1.00B	334.61M	33.5%	$13M	$38M	Binance, Kraken, Bybit	CMC
GRASS	1.00B	1.00B	587.14M	38%	$345M	$426M	Bybit, OKX, Gate.io	CMC
YFI	36.7K	36.7K	35.7K	99%	$89M	$91M	Binance, Coinbase, Kraken	CMC
FTM	∞	3.89B	3.78B	97.4%	$172M	$176M	Binance, Coinbase, Kraken	CMC
TON	∞	5.19B	2.70B	52%	$4.5B	$8.6B	Binance, OKX, Bybit	CMC
MATIC	∞	10.65B	10.65B	98.5%	$982M	$3.2B	Binance, Coinbase, Kraken	CMC
KNC	252.30M	240.95M	170.15M	70.6%	$25M	$35M	Binance, Coinbase, Uniswap	CMC
FET	2.71B	2.71B	2.26B	81%	$525M	$2.2B	Binance, OKX, Bybit, Coinbase	CMC
DYDX	1.00B	958.34M	839.62M	52%	$127M	$514M	Binance, OKX, Coinbase, dYdX DEX	CMC
BICO	1.00B	1.00B	718.05M	71.8%	$19M	$26M	Binance, Coinbase, Bybit	CMC
IO	800.00M	800.00M	333.52M	18%	$52M	$122M	Bybit, Binance, OKX	CMC
PERP	150.00M	150.00M	72.61M	48.4%	$2M	$3M	Binance, Bybit, Uniswap	CMC
STORJ	∞	425.00M	143.79M	33.8%	$14M	$42M	Binance, Coinbase, Kraken	CMC
ALCX	∞	3.16M	2.52M	79.7%	$11M	$13M	Sushiswap, Uniswap, Gate.io	CMC
OM	∞	7.19B	0	0%	$0	$54M	Binance, Bybit, KuCoin	CMC
XLM	∞	50.00B	33.54B	67.1%	$4.9B	$7.4B	Binance, Coinbase, Kraken	CMC
EIGEN	∞	1.82B	741.23M	18%	$188M	$1.0B	Binance, OKX, Bybit, Kraken	CMC
PYTH	10.00B	10.00B	7.87B	34.5%	$319M	$420M	Binance, OKX, Bybit, Kraken	CMC
VELA	100.00M	100.00M	50.00M	50%	$750,000	$2M	Uniswap, Camelot, Bybit	CMC
GEL	420.69M	420.69M	282.02M	67%	$444,822	$663,537	Coinbase, Gate.io, Uniswap	CMC
RUNE	360.00M	354.20M	338.40M	100%	$129M	$137M	Binance, OKX, Bybit, Kraken	CMC
SSV	∞	14.70M	14.70M	45%	$38M	$182M	Binance, OKX, Gate.io, Uniswap	CMC
ZRO	1.00B	1.00B	252.33M	32%	$332M	$1.3B	Binance, OKX, Bybit	CMC
SLND	100.00M	100.00M	0	0%	$0	$16M	Gate.io, MEXC, Raydium	CMC
GTC	100.00M	100.00M	87.49M	87.5%	$8M	$10M	Coinbase, Binance, Uniswap	CMC
THETA	1.00B	1.00B	1.00B	100%	$191M	$1.0B	Binance, OKX, HTX, Bybit	CMC
FXS	100.00M	100.00M	83.90M	78%	$82M	$81M	Binance, Bybit, Uniswap	CMC
QUICK	1.00B	928.89M	766.22M	82.5%	$6M	$7M	Bybit, Gate.io, QuickSwap	CMC
RPL	∞	22.45M	22.45M	72%	$38M	$52M	Binance, Coinbase, Kraken, Uniswap	CMC
PENGU	88.89B	79.57B	62.86B	100%	$545M	$821M	Bybit, OKX, Binance	CMC
RDNT	1.50B	1.50B	1.29B	86.1%	$2M	$2M	Binance, Bybit, Uniswap	CMC
RON	1.00B	1.00B	772.40M	77.2%	$66M	$86M	Binance, Bybit, KuCoin	CMC
MLN	∞	3.28M	3.28M	100%	$7M	$7M	Kraken, Uniswap, Sushiswap	CMC
RSR	100.00B	100.00B	62.55B	62.6%	$103M	$165M	Binance, Coinbase, Bybit	CMC
DOT	2.10B	1.69B	1.69B	73.4%	$2.1B	$6.8B	Binance, Coinbase, Kraken, Bybit	CMC
CVX	100.00M	99.97M	90.36M	89%	$148M	$152M	Binance, Bybit, Uniswap	CMC
KLAY	∞	6.33B	6.33B	100%	$794M	$794M	Upbit, Bithumb, Binance	CMC
KSM	∞	18.26M	18.26M	100%	$87M	$87M	Binance, Kraken, KuCoin	CMC
SHDW	∞	169.05M	169.05M	100%	$4M	$4M	Bybit, Jupiter, Raydium	CMC
LTC	84.00M	77.21M	77.21M	88.4%	$4.0B	$8.2B	Binance, Coinbase, Kraken, Bybit	CMC
SCROLL	1.00B	1.00B	190.00M	19%	$8M	$320M	Binance, OKX, Bybit	CMC
ICP	∞	553.03M	553.03M	47%	$1.5B	$1.4B	Binance, Coinbase, Kraken, OKX	CMC
CRO	100.00B	98.66B	44.80B	45.4%	$3.1B	$6.7B	Crypto.com, KuCoin, Gate.io	CMC
TRU	∞	1.26B	1.26B	100%	$1M	$1M	Binance, Kraken, Uniswap	CMC
APE	1.00B	1.00B	1.00B	100%	$133M	$133M	Binance, Coinbase, Kraken	CMC
FIL	∞	1.96B	783.72M	43.8%	$764M	$6.3B	Binance, Coinbase, Kraken, OKX	CMC
ZEC	21.00M	16.69M	16.69M	77%	$10.4B	$1.3B	Binance, Kraken, Gemini, Coinbase	CMC
VET	86.71B	85.99B	85.99B	72.5%	$575M	$580M	Binance, Bybit, KuCoin	CMC
ATH	42.00B	42.00B	20.13B	47.9%	$121M	$252M	Bybit, KuCoin, Gate.io	CMC
ILV	∞	9.60M	8.29M	86.3%	$35M	$41M	Binance, Kraken, Coinbase	CMC
MC	11.91M	11.91M	11.91M	100%	$190,915	$190,915	Binance, KuCoin, Bybit	CMC
DASH	18.92M	12.71M	12.71M	100%	$559M	$559M	Binance, Coinbase, Kraken	CMC
GMT	6.00B	5.07B	3.11B	61.3%	$34M	$55M	Binance, Bybit, Coinbase	CMC
AUDIO	∞	1.42B	1.42B	100%	$28M	$28M	Binance, Coinbase, Kraken	CMC
SEI	∞	10.00B	6.73B	31.2%	$420M	$2.1B	Binance, OKX, Bybit, Coinbase	CMC
CORE	2.10B	2.10B	1.08B	40%	$34M	$76M	Bybit, Gate.io, OKX	CMC
BADGER	21.00M	21.00M	19.93M	94.9%	$8M	$9M	Binance, Uniswap, Sushiswap	CMC
USUAL	3.00B	1.82B	1.79B	35%	$24M	$260M	Binance, OKX, Curve	CMC
API3	∞	169.60M	142.38M	82%	$46M	$34M	Binance, Bybit, KuCoin	CMC
FLR	∞	105.90B	86.31B	81.5%	$709M	$870M	Binance, Kraken, Bybit	CMC
CFX	∞	5.21B	5.19B	52%	$286M	$310M	Binance, Bybit, Gate.io	CMC
MINA	∞	1.29B	1.29B	60%	$72M	$158M	Binance, Coinbase, OKX, Kraken	CMC
NMR	11.00M	10.63M	7.04M	66.2%	$58M	$87M	Binance, Coinbase, Kraken	CMC
HT	500.00M	109.40M	109.40M	100%	$16M	$16M	HTX (Huobi)	CMC
IOTX	10.00B	9.44B	9.44B	100%	$39M	$39M	Binance, Coinbase, KuCoin	CMC
ALGO	10.00B	8.92B	8.92B	77%	$995M	$1.2B	Binance, Coinbase, Kraken, OKX	CMC
COTI	4.91B	2.84B	2.84B	100%	$35M	$35M	Binance, Bybit, KuCoin	CMC
SKL	7.00B	6.22B	6.09B	98%	$37M	$38M	Binance, Coinbase, Kraken	CMC
ACH	15.35B	15.35B	4.94B	32.2%	$32M	$99M	Binance, Coinbase, Bybit	CMC
REQ	1.00B	999.42M	744.29M	74.5%	$47M	$64M	Binance, Coinbase, KuCoin	CMC
RAD	100.00M	100.00M	49.83M	49.8%	$15M	$30M	Coinbase, Uniswap, Gate.io	CMC
ORDI	∞	21.00M	21.00M	100%	$84M	$89M	Binance, Bybit, OKX	CMC
ANKR	10.00B	10.00B	10.00B	96%	$47M	$47M	Binance, Coinbase, KuCoin	CMC
POOL	10.00M	10.00M	7.17M	71.7%	$200,034	$278,893	Coinbase, Uniswap, SushiSwap	CMC
FLUX	440.00M	410.31M	410.22M	100%	$33M	$33M	Binance, KuCoin, Gate.io	CMC
CTSI	1.00B	1.00B	924.46M	92.4%	$27M	$29M	Binance, Coinbase, KuCoin	CMC
ATOM	∞	510.58M	510.58M	100%	$889M	$1.0B	Binance, Coinbase, OKX	CMC
ZK	21.00B	21.00B	9.70B	17%	$141M	$323M	Binance, Bybit, OKX	CMC
BAL	96.15M	72.37M	64.58M	61%	$9M	$93M	Binance, Coinbase, Kraken	CMC
ALPACA	188.00M	151.67M	151.67M	100%	$118,164	$118,164	Binance, PancakeSwap, KuCoin	CMC
YGG	1.00B	1.00B	743.62M	74.4%	$28M	$38M	Binance, Coinbase, Bybit	CMC
INV	∞	727.0K	708.1K	97.4%	$9M	$9M	Sushiswap, Uniswap, Gate.io	CMC
POLYX	∞	1.28B	1.28B	100%	$72M	$72M	Binance, Bybit, Gate.io	CMC
CELO	1.00B	1.00B	600.66M	73%	$47M	$83M	Binance, Coinbase, OKX, Gate.io	CMC
GLMR	∞	1.23B	1.12B	91.2%	$15M	$16M	Binance, Kraken, KuCoin	CMC
RLC	87.00M	87.00M	72.38M	83.2%	$31M	$38M	Binance, Bitfinex, KuCoin	CMC
MX	∞	409.02M	91.84M	22.5%	$163M	$725M	MEXC	CMC
CKB	∞	49.64B	48.83B	73%	$68M	$69M	Binance, Gate.io, OKX	CMC
STRK	10.00B	10.00B	6.29B	20%	$254M	$427M	Binance, Bybit, OKX	CMC
1INCH	1.50B	1.50B	1.41B	74%	$126M	$139M	Binance, Coinbase, Bybit	CMC
BONK	87995.28B	87994.73B	87994.73B	68%	$524M	$582M	Binance, OKX, Bybit, Jupiter DEX	CMC
OSMO	1.00B	978.69M	774.93M	62%	$41M	$84M	Binance, Kraken, Osmosis DEX	CMC
PROP	100.00M	100.00M	57.90M	57.9%	$19M	$33M	KuCoin, Gate.io, Uniswap	CMC
FARM	690.4K	690.4K	672.2K	97.4%	$4M	$5M	Binance, Coinbase, Uniswap	CMC
MOBILE	∞	230.00B	89.28B	55%	$9M	$25M	Gate.io, MEXC, Raydium	CMC
W	10.00B	10.00B	5.89B	18%	$71M	$1.1B	Binance, OKX, Bybit, Coinbase	CMC
PEPE	420690.00B	420690.00B	420690.00B	94%	$1.5B	$1.6B	Binance, OKX, Bybit, Uniswap	CMC
MBOX	1.00B	550.32M	550.32M	100%	$6M	$6M	Binance, KuCoin, Gate.io	CMC
HOPR	1.00B	689.08M	665.92M	96.6%	$14M	$14M	Binance, Uniswap, Gate.io	CMC
SNT	∞	6.80B	3.96B	58.2%	$37M	$63M	Binance, KuCoin, Gate.io	CMC
ALPHA	10.00M	10.00M	9.93M	99.3%	$9M	$9M	Binance, KuCoin, Uniswap	CMC
POND	10.00B	10.00B	8.20B	82%	$23M	$28M	Binance, KuCoin, Gate.io	CMC
TRB	∞	2.86M	2.79M	97.6%	$49M	$50M	Binance, Kraken, Uniswap	CMC
CELR	10.00B	10.00B	5.65B	56.5%	$14M	$25M	Binance, KuCoin, Gate.io	CMC
NANO	133.25M	133.25M	133.25M	100%	$57M	$57M	Kraken, Binance, KuCoin	CMC
ETC	210.70M	156.56M	156.56M	100%	$1.4B	$1.4B	Binance, Coinbase, Kraken	CMC
WLD	10.00B	10.00B	3.41B	16.5%	$1.1B	$2.9B	Binance, OKX, Bybit, Coinbase	CMC
DOGE	∞	154.39B	154.39B	100%	$15.6B	$29.1B	Binance, Coinbase, Kraken, Robinhood	CMC
ALICE	100.00M	99.40M	99.40M	100%	$12M	$12M	Binance, Bybit, KuCoin	CMC
XTZ	∞	1.11B	1.09B	89%	$360M	$334M	Binance, Kraken, Coinbase	CMC
FLOKI	10000.00B	10000.00B	9652.11B	96%	$281M	$298M	Binance, OKX, Gate.io, Uniswap	CMC
WIF	998.93M	998.93M	998.93M	100%	$191M	$200M	Binance, OKX, Bybit, Jupiter DEX	CMC
PEAQ	5.67B	4.41B	2.13B	48.4%	$73M	$150M	KuCoin, Gate.io, Bybit	CMC
HIGH	100.00M	100.00M	0	0%	$0	$16M	Binance, Bybit, Gate.io	CMC
SXP	∞	673.39M	673.39M	100%	$321,230	$321,230	Binance, KuCoin, Gate.io	CMC
DENT	∞	100.00B	95.65B	95.7%	$4M	$4M	Binance, KuCoin, Gate.io	CMC
BLAST	100.00B	100.00B	62.15B	25%	$29M	$47M	Binance, Bybit, OKX	CMC
LEVER	35.00B	35.00B	35.00B	100%	$4M	$4M	Binance, Bybit, KuCoin	CMC
NOS	100.00M	100.00M	100.00M	100%	$38M	$38M	Gate.io, MEXC, Raydium	CMC
GOG	1.00B	1.00B	800.13M	80%	$2M	$3M	Bybit, Gate.io, OKX	CMC
AGLD	96.00M	92.83M	87.43M	94.2%	$20M	$22M	Binance, Coinbase, Gate.io	CMC
CANTO	∞	1.00B	608.47M	60.8%	$745,250	$1M	Gate.io, MEXC, Sushiswap	CMC
EGLD	∞	30.01M	30.01M	74%	$117M	$108M	Binance, KuCoin, Kraken	CMC
ROSE	10.00B	10.00B	7.67B	57%	$74M	$102M	Binance, KuCoin, Gate.io	CMC
BLUR	3.00B	3.00B	2.81B	38%	$63M	$68M	Binance, Bybit, OKX	CMC
FORTH	∞	15.30M	10.70M	70%	$2M	$3M	Coinbase, Gate.io, Uniswap	CMC
MASK	100.00M	100.00M	100.00M	55%	$45M	$47M	Binance, Bybit, Huobi	CMC
BOND	10.00M	10.00M	10.00M	100%	$284,192	$284,192	Coinbase, Uniswap, Sushiswap	CMC
WAXP	∞	4.61B	4.61B	100%	$28M	$28M	Binance, KuCoin, Huobi	CMC
KAVA	∞	1.08B	1.08B	71%	$63M	$65M	Binance, Kraken, KuCoin	CMC
PRCL	1.00B	1000.00M	452.69M	45.3%	$6M	$12M	Bybit, Gate.io, Raydium	CMC
FLOW	∞	1.66B	1.66B	90%	$57M	$145M	Binance, Kraken, Coinbase	CMC
LRC	1.37B	1.37B	1.25B	72%	$20M	$26M	KuCoin, Gate.io, Loopring DEX	CMC
IOTA	∞	4.90B	4.45B	100%	$254M	$162M	Binance, Bitfinex, KuCoin	CMC
IDEX	1.00B	1.00B	676.00M	67.6%	$2M	$3M	Gate.io, MEXC, IDEX	CMC
MANTA	1.00B	1.00B	471.27M	40%	$36M	$81M	Binance, Bybit, OKX	CMC
AXS	270.00M	270.00M	173.38M	51%	$197M	$323M	Binance, Bybit, Coinbase	CMC
BTT	990000.00B	990000.00B	987037.89B	99.7%	$316M	$317M	Binance, Bybit, KuCoin	CMC
MCB	4.80M	4.80M	3.80M	79.2%	$5M	$6M	Gate.io, MEXC, Uniswap	CMC
SUSHI	∞	291.51M	273.01M	63%	$56M	$53M	Binance, Bybit, Kraken	CMC
RVN	21.00B	16.26B	16.26B	100%	$88M	$88M	Binance, Bybit, KuCoin	CMC
NOT	102.46B	102.45B	99.43B	100%	$47M	$497M	Binance, OKX, Bybit	CMC
BAND	∞	176.77M	176.65M	68%	$35M	$21M	Binance, Bybit, KuCoin	CMC
POPCAT	979.98M	979.98M	979.98M	100%	$54M	$56M	Bybit, OKX, Raydium	CMC
MODE	10.00B	10.00B	7.01B	32%	$574,071	$110M	Bybit, Gate.io, Velodrome	CMC
SHIB	∞	589499.89B	589243.26B	100%	$3.3B	$8.0B	Binance, Coinbase, Kraken, Bybit	CMC
NEO	∞	100.00M	70.53M	70.5%	$198M	$291M	Binance, Bybit, Bittrex	CMC
RBN	1.00B	1.00B	82.89M	55%	$2M	$65M	Uniswap, Gate.io	CMC
SUPER	1.00B	1.00B	640.16M	62%	$77M	$115M	Binance, Bybit, KuCoin	CMC
MOVE	10.00B	10.00B	3.84B	22%	$60M	$165M	Bybit, Binance, Gate.io	CMC
JASMY	50.00B	50.00B	49.44B	56%	$272M	$287M	Binance, Bybit, Coincheck	CMC
MANA	∞	2.19B	1.94B	63%	$167M	$195M	Binance, Coinbase, Bybit	CMC
ZIL	21.00B	20.46B	19.51B	78%	$75M	$84M	Binance, KuCoin, Gate.io	CMC
SPELL	210.00B	196.01B	171.51B	72%	$26M	$34M	Binance, Gate.io, Uniswap	CMC
DOGS	550.00B	550.00B	516.75B	100%	$27M	$243M	Binance, OKX, Bybit	CMC
QTUM	∞	107.82M	106.03M	92%	$95M	$100M	Binance, KuCoin, Gate.io	CMC
SAND	3.00B	3.00B	2.67B	70%	$140M	$217M	Binance, Bybit, Coinbase	CMC
MEME	69.00B	69.00B	63.29B	62%	$32M	$428M	Binance, OKX, Bybit	CMC
NEIRO	420.69B	420.69B	420.69B	100%	$39M	$620M	Binance, OKX, Bybit	CMC
GALA	50.00B	47.85B	47.85B	32%	$155M	$120M	Binance, Bybit, KuCoin	CMC
KDA	1.00B	338.59M	338.59M	59%	$3M	$6M	KuCoin, Gate.io, Bittrex	CMC
ONE	∞	14.87B	14.87B	64%	$29M	$27M	Binance, KuCoin, Gate.io	CMC

Methodology

25-variable framework scoring 250 altcoins across protocol revenue, tokenomics, supply metrics, institutional adoption, regulatory safety, and more. Each variable rated 1-10 by 40+ parallel DeepSeek research agents. Data hardened via 19-agent deep validation sprint. Supply data from CoinGecko. Revenue cross-referenced with DeFiLlama/Token Terminal. Live prices from Binance, Bybit, Kraken, Crypto.com.