Russia, Iran, Israel. Drops Odds alerts every move. Free.

Protocol

Market Cap

$12.77 B

−3.49%

Dominance

0.57%

−0.01%

24h M.Cap Change

−3.49%

24h Change

7d M.Cap Change

−4.53%

7d Change

Gainers/Losers

30 (14.35%)

179 (85.65%)


18 CC 18 Canton	$0.1176	−4.03%	−6.74%	−22.13%	$4.63 B	$4.63 B	$5.30 M
25 HBAR 25 Hedera	$0.06757	−2.62%	−1.02%	−5.03%	$2.96 B	$3.38 B	$34.38 M
45 SKY 45 Sky	$0.05589	−2.76%	−12.73%	12.06%	$1.30 B	$1.31 B	$10.54 M
59 ENA 59 Ethena	$0.0835	−7.61%	−3.58%	11.73%	$802.16 M	$1.26 B	$63.19 M
63 QNT 63 Quant	$61.21	−2.30%	−4.44%	−6.32%	$738.25 M	$910.00 M	$4.55 M
100 GNO 100 Gnosis	$106.32	−3.01%	−5.59%	1.01%	$280.10 M	$318.35 M	$1.34 M
111 BTT 111 BitTorrent	$0.0₅27	−0.95%	−2.81%	0.92%	$266.50 M	$266.50 M	$3.52 M
114 BANK 114 Lorenzo Protocol	$0.3585	−2.56%	138.10%	817.86%	$255.42 M	$404.75 M	$233.99 M
142 KITE 142 Kite	$0.0984	−8.24%	−17.49%	−21.90%	$175.46 M	$974.80 M	$9.24 M
197 AR 197 Arweave	$1.78	−4.06%	−7.73%	−2.99%	$117.12 M	$117.12 M	$3.56 M
223 AB 223 AB (prev. Newton)	$0.000982	−0.17%	0.57%	−1.35%	$96.59 M	$96.59 M	$352,380.39
248 EGLD 248 MultiversX	$2.75	−3.22%	−12.16%	8.70%	$83.41 M	$83.42 M	$2.23 M
253 RIF 253 RSK Infrastructure Framework	$0.0809	9.01%	−9.16%	24.06%	$79.42 M	$79.42 M	$14.66 M
271 COW 271 CoW Protocol	$0.1256	−6.92%	−8.53%	−13.47%	$72.42 M	$125.50 M	$2.25 M
295 ZRX 295 0x Protocol	$0.0796	−4.03%	−7.25%	−1.32%	$67.56 M	$79.63 M	$7.31 M
301 WAL 301 Walrus	$0.02638	−7.51%	−12.25%	−20.23%	$64.86 M	$132.00 M	$4.73 M
321 DRV 321 Derive	$0.1037	−5.81%	−15.18%	−0.07%	$60.24 M	$103.70 M	$781,906.00
355 SUPER 355 SuperVerse	$0.0824	−3.88%	−5.07%	−3.81%	$52.64 M	$82.23 M	$3.09 M
428 APEX 428 ApeX	$0.283	1.79%	1.90%	3.69%	$41.42 M	$141.70 M	$1.04 M
444 XYO 444 XYO Network	$0.002915	−1.75%	−5.23%	−6.92%	$40.43 M	$40.61 M	$1.32 M
458 EUL 458 Euler	$1.65	−14.53%	58.81%	59.78%	$38.68 M	$43.55 M	$56.78 M
473 HUMA 473 Huma Finance	$0.02165	−0.02%	−0.12%	−1.49%	$37.51 M	$216.40 M	$4.69 M
485 PCI 485 Paycoin	$0.03437	−4.34%	−8.15%	−7.73%	$36.71 M	$65.30 M	$226,672.71
531 SYN 531 Synapse	$0.1451	4.37%	−23.23%	−63.04%	$34.84 M	$36.92 M	$7.56 M
603 ACX 603 Across Protocol	$0.04075	−2.79%	−3.07%	−2.79%	$28.97 M	$40.48 M	$2.01 M
641 OCEAN 641 Ocean Protocol	$0.1061	−0.26%	−2.09%	−7.04%	$25.57 M	$149.60 M	$36,797.77
683 RYZE 683 Ryze	$0.08621	−0.37%	−0.96%	−5.47%	$22.74 M	$33.17 M	$3,312.14
684 MVL 684 MVL	$0.0008518	−3.84%	−6.29%	−7.52%	$22.74 M	$24.54 M	$68,146.00
726 AUCTION 726 Bounce	$2.96	−3.91%	−11.41%	−8.95%	$20.48 M	$22.62 M	$7.07 M
774 ONE 774 Harmony	$0.00124	−0.22%	8.51%	−0.04%	$18.60 M	$18.60 M	$1.95 M
781 ABT 781 Arcblock	$0.1878	−2.74%	−1.93%	−6.40%	$18.51 M	$34.93 M	$55,251.10
797 STG 797 Stargate Finance	$0.1267	−3.91%	−9.53%	−24.74%	$17.78 M	$126.20 M	$14.13 M
823 WAXP 823 WAX	$0.00367	−5.39%	−8.39%	−10.11%	$16.90 M	$16.91 M	$501,935.64
827 POKT 827 Pocket Network	$0.007175	−3.41%	−6.29%	−14.45%	$16.78 M	$17.05 M	$367,916.00
841 ABEY 841 Abey	$0.0154	2.46%	1.52%	−4.17%	$16.14 M	$21.86 M	$24,114.01
882 TOKAMAK 882 Tokamak Network	$0.3408	−3.81%	−3.45%	−2.37%	$14.94 M	$36.03 M	$191,393.00
924 ULT 924 Shardus	$0.03042	−2.92%	−2.63%	17.66%	$13.37 M	$30.42 M	$2.27
937 META 937 Metadium	$0.007446	−0.36%	−5.71%	−4.69%	$12.95 M	$14.89 M	$55,136.00
1022 HYPER 1022 Hyperlane	$0.0615	−3.76%	−9.10%	−23.05%	$10.75 M	$61.36 M	$5.15 M
1040 WAN 1040 Wanchain	$0.05151	−0.81%	−4.05%	−2.87%	$10.25 M	$10.25 M	$945,742.00
1073 RBNT 1073 Redbelly Network	$0.00363	0.87%	−1.49%	−6.74%	$9.69 M	$36.32 M	$65,561.04
1095 LAVA 1095 Lava Network	$0.01663	−0.22%	3.27%	−2.33%	$9.40 M	$15.97 M	$388,046.81
1118 KEEP 1118 Keep Network	$0.01618	−1.28%	−8.22%	−5.96%	$8.89 M	$16.18 M	$1,399.51
1159 REP 1159 Augur	$0.7607	−4.32%	−3.55%	−4.22%	$8.37 M	$8.37 M	$22.82
1187 SD 1187 Stader	$0.11	1.87%	0.53%	−6.87%	$7.91 M	$13.20 M	$891,944.00
1238 LOAN 1238 Proton Loan	$0.0003882	−2.51%	−1.34%	1.72%	$7.15 M	$14.05 M	$111,271.00
1335 TURTLE 1335 Turtle	$0.039	0.27%	9.46%	14.45%	$6.00 M	$38.78 M	$635,546.35
1338 MAP 1338 MAP Protocol	$0.00216	−1.21%	−14.25%	−17.25%	$5.94 M	$9.24 M	$570,974.00
1340 FLX 1340 SEDA Protocol	$0.02211	−2.34%	−3.49%	5.44%	$5.93 M	$22.09 M	$613,653.00
1347 TREE 1347 Treehouse	$0.0378	−2.32%	−0.21%	−11.14%	$5.89 M	$37.71 M	$2.78 M
1387 SAGA 1387 Saga	$0.01266	−1.70%	−0.95%	−3.81%	$5.27 M	$13.97 M	$2.88 M
1478 SCOR 1478 Scor	$0.012507	1.10%	4.71%	−12.88%	$4.47 M	$50.44 M	$172,533.88
1485 HOPR 1485 HOPR	$0.01298	−3.55%	−5.27%	−16.21%	$4.43 M	$5.12 M	$69,202.90
1557 PACT 1557 PACT	$0.00011764	−7.41%	5.66%	163.74%	$3.92 M	$14.81 M	$19,705.86
1592 BOSON 1592 Boson Protocol	$0.02151	−6.11%	−11.12%	−16.39%	$3.66 M	$4.29 M	$16,903.74
1615 NUTS 1615 Thetanuts Finance	$0.00112	−0.35%	−0.67%	−3.27%	$3.54 M	$11.20 M	$24,004.00
1670 LQ 1670 Liqwid Finance	$0.1576	−4.52%	−16.28%	−4.48%	$3.17 M	$3.31 M	$711.63
1683 TICS 1683 Qubetics	$0.01289	−2.88%	−6.29%	−34.99%	$3.12 M	$17.46 M	$87,036.26
1722 FREYA 1722 Freya Protocol	$0.005372	−0.22%	−0.28%	−5.74%	$2.95 M	$2.95 M	$112.47
1832 SIS 1832 Symbiosis	$0.02542	−5.74%	10.39%	26.57%	$2.47 M	$2.47 M	$134,626.40
1841 AVT 1841 Aventus	$0.4079	−0.97%	−7.27%	13.18%	$2.45 M	$4.08 M	$5,564.16
1848 VAL 1848 Validity	$0.4728	−1.74%	−3.22%	3.25%	$2.41 M	$2.41 M	$57,660.00
1878 FIDU 1878 Fidu	$0.0599	−1.68%	−23.55%	−1.57%	$2.28 M	$2.28 M	$29.81
1881 NUM 1881 Numbers Protocol	$0.00252	−2.93%	20.95%	−4.43%	$2.27 M	$2.30 M	$101,958.00
2156 KDA 2156 Kadena	$0.004649	2.19%	−4.18%	−28.24%	$1.55 M	$4.63 M	$6,015.95
2194 ZKP 2194 Panther Protocol	$0.003477	−0.38%	−3.75%	−10.32%	$1.48 M	$1.26 M	$67,064.02
2199 EMP 2199 Empyreal	$4.89	−11.16%	−23.33%	13.69%	$1.47 M	$1.47 M	$812.74
2200 HOOK 2200 Hooked Protocol	$0.004151	−4.10%	−12.89%	−27.66%	$1.47 M	$2.08 M	$58,739.74
2204 XEN 2204 XEN Crypto	$0.0₇3869	−2.07%	1.46%	−15.68%	$1.45 M	$1.45 M	$62,529.91
2235 BNPL 2235 BNPL Pay	$0.01817	1.90%	25.05%	43.74%	$1.40 M	$18.17 M	$146.43
2316 INDY 2316 Indigo Protocol	$0.07983	−2.68%	−12.92%	−13.46%	$1.28 M	$2.79 M	$589.82
2373 SPECTRA 2373 Spectra	$0.00254	−39.13%	−2.79%	6.43%	$1.20 M	$1.12 M	$1,438.94
2431 MULTI 2431 Multichain	$0.07632	−3.21%	−29.39%	−8.43%	$1.11 M	$7.63 M	$1,255.75
2436 XDB 2436 XDB CHAIN	$0.0000643	−4.72%	−17.92%	−13.73%	$1.11 M	$1.22 M	$101,235.10
2438 NLS 2438 Nolus	$0.001236	2.55%	2.21%	−61.69%	$1.10 M	$1.15 M	$55,060.83
2477 HNS 2477 Handshake	$0.00155	8.66%	26.52%	−15.83%	$1.05 M	$1.05 M	$6,220.67
2489 THINK 2489 THINK Protocol	$0.001412	−5.44%	−4.18%	43.32%	$1.03 M	$1.41 M	$192.40
2509 KIMA 2509 Kima Network	$0.00506	−7.80%	−21.84%	−17.29%	$1.01 M	$1.06 M	$2,067.73
2522 TRU 2522 TrueFi	$0.0007982	−2.58%	−38.10%	−4.11%	$991,650.98	$1.00 M	$13,941.72
2607 WARD 2607 Warden	$0.003619	−4.84%	−9.52%	−53.15%	$904,155.84	$3.61 M	$289,296.93
2618 MGP 2618 Magpie	$0.001552	−3.62%	−4.08%	−14.58%	$892,795.41	$1.55 M	$1,641.79
2664 AURA 2664 Aura Finance	$0.01199	2.90%	6.09%	7.49%	$856,251.87	$1.01 M	$13.90
2775 GET 2775 GET Protocol	$0.06557	−5.68%	−10.79%	−23.30%	$746,728.05	$1.53 M	$2.30
2780 2780 Superfluid	$0.007268	−6.13%	−6.32%	−19.99%	$743,047.51	$7.27 M	$26,483.34
2872 ARC 2872 Arc	$0.000746	−9.37%	8.57%	13.36%	$678,217.43	$757,153.00	$884.50
2883 EXRD 2883 e-Radix	$0.0009965	1.23%	20.22%	19.95%	$665,017.53	$665,017.53	$6,656.13
2896 SUDO 2896 sudoswap	$0.02569	−15.51%	−14.72%	−1.06%	$652,516.56	$1.49 M	$1,758.86
2991 EXA 2991 Exactly Protocol	$0.1135	−1.64%	−5.92%	36.04%	$593,772.21	$1.14 M	$1,736.42
2995 PAL 2995 Paladin	$0.01301	−3.57%	−2.94%	11.23%	$590,473.43	$650,500.00	$4.04
3001 AGENC 3001 AgenC	$0.0005874	−41.04%	−32.65%	−44.05%	$587,378.62	$587,378.62	$141,592.96
3012 AJNA 3012 Ajna Protocol	$0.0007299	−0.95%	19.37%	6.99%	$580,119.70	$724,640.24	$108.77
3014 PKT 3014 PKT	$0.0001364	−1.27%	0.38%	20.71%	$579,071.48	$645,665.26	$136.40
3021 SHFT 3021 Shyft Network	$0.0002465	−0.85%	−1.89%	−2.81%	$575,592.97	$621,179.99	$167.75
3064 CARD 3064 Cardstack	$0.0001819	−6.80%	−15.69%	−19.27%	$545,574.80	$1.09 M	$25,101.00
3273 UP 3273 UnlockProtocolToken	$0.001529	−1.85%	−2.93%	123.25%	$426,603.89	$1.53 M	$127.83
3344 NOOK 3344 Nookplot	$0.00000424	−0.70%	−22.24%	−73.04%	$396,644.11	$424,000.00	$46,575.00
3435 PINE 3435 Pine	$0.001816	−0.74%	−0.88%	1.11%	$362,428.19	$363,200.00	$14.76
3556 XI 3556 Xi Token	$0.0007531	29.41%	34.59%	21.83%	$317,055.10	$753,100.00	$41,364.93
3562 USDFI 3562 USDFI	$0.3159	3.87%	9.20%	18.73%	$315,900.00	$315,900.00	$5.56
3609 CYPH 3609 Cypher	$0.00268	−2.58%	−10.12%	0.69%	$303,135.50	$2.68 M	$357.75

Showing 1 — 100 out of 209

Frequently Asked Questions

What is a protocol in crypto?

A crypto protocol is the underlying rule-set and software layer that governs how a blockchain network or application moves data, value, or messages without a central operator. On DropsTab, the Protocol category groups projects that position themselves as protocol-layer infrastructure but fit no tighter niche such as DeFi, L1, or L2. The Protocol category spans four sub-types: interoperability, storage/data, DeFi/liquidity, and middleware. DropsTab tracks 100+ protocol projects, giving investors exposure to the infrastructure layer that other applications build on.

How is a crypto protocol different from a token or coin?

A protocol is the software rule-set; a coin or token is the asset that the protocol issues. A coin is native to its own blockchain — HBAR (Hedera) and KDA (Kadena) secure their own Layer 1 networks. A token runs on another chain's infrastructure — ENA (Ethena) and ZRX (0x Protocol) are ERC-20 tokens on Ethereum. The Protocol category mixes both asset classes, because membership is defined by self-positioning as infrastructure, not by asset type. Asset type matters for investors assessing where network security and token value accrue.

What is the difference between a Layer 1 and a Layer 2 protocol?

A Layer 1 protocol is a base blockchain that settles its own transactions — Hedera (HBAR) and MultiversX (EGLD) run independent Layer 1 networks. A Layer 2 protocol settles transactions on top of a Layer 1 to add scale, inheriting the base chain's security. The DropsTab Protocol category is mostly Layer 1 and cross-layer infrastructure rather than pure Layer 2 scaling — dedicated Layer 2 projects sit in separate categories. The distinction matters because Layer 1 protocols capture base-layer fees, while Layer 2 protocols depend economically on their host chain.

How is the Protocol category measured and ranked by market cap?

The Protocol category has no single standardized metric, because Protocol membership spans four verticals. Market cap and trading volume apply to every project. TVL (Total Value Locked) gauges DeFi/liquidity protocols such as ENA (Ethena) and EUL (Euler). Active addresses and transaction throughput matter most for infrastructure protocols like HBAR (Hedera) and POKT (Pocket Network). Cross-chain bridged volume ranks interoperability protocols including QNT (Quant) and STG (Stargate). Investors should compare protocol projects within a single sub-type, not across the whole category.

Which projects lead the Protocol category by market cap?

The Protocol category leaders span four sub-types. HBAR (Hedera) leads infrastructure — an enterprise public ledger reporting over 71B cumulative transactions and a Governing Council including Google, IBM, and FedEx. ENA (Ethena) leads DeFi — its USDe synthetic dollar reached roughly $12.85B–$14.5B TVL in 2025. SKY (Sky), the 2024 rebrand of MakerDAO, issues the USDS stablecoin. QNT (Quant) leads interoperability and was named a Digital Euro technology partner in 2025. AR (Arweave) leads decentralized permanent storage.

How do protocol tokens generate value?

Protocol tokens generate value through fee payment, governance rights, and staking demand sinks. HBAR (Hedera) pays network transaction and consensus fees. QNT (Quant) is required to license access to the Overledger interoperability gateway. ENA (Ethena) governs the USDe synthetic-dollar protocol and its yield-distribution decisions. SKY (Sky) governs USDS issuance and protocol parameters. Protocol-token value accrues only where the token is structurally required for the protocol to function — tokens without a clear utility sink carry weaker demand fundamentals.

Are protocol tokens a good investment, and what are the risks?

Protocol tokens carry category-specific risks that investors must weigh. Category dilution is the first risk — "protocol" is a generic label, so the segment can mask inactive projects: Multichain (MULTI) ceased operations in 2023 after a $125M+ loss. Bridge and interoperability protocols are historically the highest-value exploit targets in crypto. Synthetic-dollar protocols ENA (Ethena) and SKY (Sky) face evolving stablecoin regulation. Offsetting these risks, institutional and CBDC integration gives QNT (Quant) and HBAR (Hedera) real-world adoption upside. No single thesis covers the whole category.

How to track Protocol projects on DropsTab?

DropsTab tracks 100+ protocol projects across interoperability, storage/data, DeFi/liquidity, and middleware sub-types. The category scanner filters the coin list by market cap, sub-type, and token utility, letting investors compare protocol projects within one vertical. DropsTab vesting schedules show upcoming unlock sell-pressure per token, and the fundraising database surfaces backer quality and round history. Drops Bot alerts notify on unlock events and listing changes. Cross-sub-type comparison should stay within a vertical, since no standardized metric covers the whole Protocol category.