Protocol
0.62%
−0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
27 CC 27Canton | $0.1037 | −2.96% | −14.32% | 7.33% | $4.13 B | $4.13 B | $18.49 M | |||
30 HBAR 30Hedera | $0.08362 | −1.56% | −8.06% | 14.15% | $3.68 B | $4.18 B | $68.34 M | |||
35 ENA 35Ethena | $0.1984 | −3.61% | −7.34% | 35.94% | $2.66 B | $2.97 B | $183.27 M | |||
37 QNT 37Quant | $202.56 | −1.87% | −17.74% | 233.62% | $2.45 B | $3.02 B | $59.98 M | |||
53 SKY 53Sky | $0.07085 | −2.14% | −6.84% | 24.44% | $1.66 B | $1.66 B | $8.00 M | |||
111 BTT 111BitTorrent | $0.0₅36 | 1.96% | −2.31% | 12.25% | $347.55 M | $337.90 M | $4.54 M | |||
120 KITE 120Kite | $0.1214 | −1.99% | 1.91% | 14.55% | $311.77 M | $1.21 B | $3.49 M | |||
121 GNO 121Gnosis | $115.23 | −0.30% | −0.69% | 1.81% | $304.15 M | $343.82 M | $400,636.26 | |||
131 AR 131Arweave | $3.90 | −1.22% | −3.93% | 55.34% | $256.57 M | $256.50 M | $6.48 M | |||
147 DRV 147Derive | $0.3798 | −8.71% | −24.93% | 74.72% | $220.64 M | $380.30 M | $14.53 M | |||
194 SUPER 194SuperVerse | $0.2025 | −0.69% | −8.33% | 79.52% | $132.27 M | $202.40 M | $16.46 M | |||
209 WAL 209Walrus | $0.04529 | −12.77% | 31.44% | 68.49% | $118.54 M | $224.94 M | $28.18 M | |||
214 EGLD 214MultiversX | $3.69 | 0.62% | −6.39% | −2.39% | $114.53 M | $114.55 M | $2.88 M | |||
245 ZRX 2450x Protocol | $0.112 | −2.03% | −8.73% | 4.97% | $95.02 M | $111.30 M | $2.99 M | |||
273 RIF 273RSK Infrastructure Framework | $0.08031 | −1.43% | −2.21% | −0.13% | $80.31 M | $80.31 M | $6.80 M | |||
284 COW 284CoW Protocol | $0.1324 | −1.95% | −8.17% | 1.94% | $76.09 M | $132.40 M | $1.79 M | |||
293 CT 293Concrete Protocol | $0.3821 | −1.04% | 21.18% | −15.17% | $72.61 M | $383.00 M | $14.53 M | |||
363 AB 363AB (prev. Newton) | $0.000529 | 0.71% | −7.38% | −15.92% | $52.28 M | $52.38 M | $485,704.00 | |||
389 HUMA 389Huma Finance | $0.0276 | −14.59% | −14.87% | 13.98% | $47.84 M | $276.60 M | $11.06 M | |||
397 XYO 397XYO Network | $0.003313 | −4.02% | −7.87% | 3.70% | $45.94 M | $46.15 M | $2.28 M | |||
421 SYN 421Synapse | $0.1806 | 4.84% | −3.45% | 2.91% | $42.64 M | $44.02 M | $2.09 M | |||
441 PCI 441Paycoin | $0.0376 | 0.32% | −0.84% | 5.20% | $40.27 M | $71.44 M | $238,412.59 | |||
480 ABEY 480Abey | $0.03441 | 0.56% | 4.86% | 51.51% | $36.25 M | $48.84 M | $13,076.44 | |||
485 APEX 485ApeX | $0.2312 | −0.99% | −1.05% | 11.87% | $35.86 M | $115.75 M | $1.44 M | |||
551 ACX 551Across Protocol | $0.04511 | −3.20% | −2.57% | −3.05% | $32.65 M | $45.11 M | $81,758.00 | |||
558 OCEAN 558Ocean Protocol | $0.1334 | −0.66% | −6.98% | −16.01% | $32.21 M | $188.09 M | $117,568.91 | |||
592 ABT 592Arcblock | $0.3004 | −5.88% | −1.28% | 41.58% | $29.61 M | $55.87 M | $103,861.04 | |||
594 EUL 594Euler | $1.22 | −2.29% | −10.66% | −2.69% | $29.51 M | $33.38 M | $814,242.57 | |||
608 MVL 608MVL | $0.00102 | 1.61% | −3.11% | 2.49% | $28.36 M | $30.60 M | $50,494.07 | |||
683 AUCTION 683Bounce | $3.45 | −2.55% | −8.27% | 7.17% | $23.87 M | $26.29 M | $4.33 M | |||
701 WAXP 701WAX | $0.00498 | −3.46% | −14.19% | 3.57% | $22.94 M | $22.91 M | $880,563.12 | |||
713 KEEP 713Keep Network | $0.02258 | −2.35% | −6.76% | 7.44% | $21.79 M | $22.58 M | $7,010.82 | |||
716 ONE 716Harmony | $0.001518 | −2.54% | −27.48% | 99.49% | $21.70 M | $39.85 M | $3.47 M | |||
737 BANK 737Lorenzo Protocol | $0.0268 | −1.31% | −5.50% | −0.25% | $20.80 M | $56.45 M | $2.20 M | |||
816 POKT 816Pocket Network | $0.007308 | −1.85% | −9.62% | −7.13% | $17.36 M | $17.36 M | $142,348.00 | |||
837 STG 837Stargate Finance | $0.1768 | −4.55% | 6.89% | 24.34% | $16.72 M | $176.80 M | $907,085.08 | |||
885 ULT 885Shardus | $0.0345 | −2.29% | −2.86% | −11.23% | $15.16 M | $34.50 M | $4.73 | |||
904 TOKAMAK 904Tokamak Network | $0.3344 | −1.76% | −6.90% | 3.10% | $14.66 M | $35.35 M | $172,691.00 | |||
908 META 908Metadium | $0.008308 | 2.23% | −1.14% | 5.36% | $14.50 M | $16.62 M | $52,756.00 | |||
1011 REP 1011Augur [OLD] | $1.09 | 4.91% | 178.06% | 205.38% | $11.99 M | $11.99 M | $2,666.11 | |||
1043 HYPER 1043Hyperlane | $0.0647 | −2.90% | −8.79% | −0.09% | $11.34 M | $64.56 M | $1.77 M | |||
1051 WAN 1051Wanchain | $0.05658 | 1.49% | −1.09% | 0.82% | $11.28 M | $11.23 M | $177,520.77 | |||
1123 SD 1123Stader | $0.131 | −3.38% | 6.77% | 23.12% | $9.58 M | $15.72 M | $670,331.65 | |||
1162 SAGA 1162Saga | $0.0199 | −1.00% | −7.59% | −0.71% | $9.02 M | $22.15 M | $3.29 M | |||
1248 MAP 1248MAP Protocol | $0.00306 | −1.77% | −64.93% | 1.95% | $19.15 M | $12.14 M | $607,890.00 | |||
1274 LAVA 1274Lava Network | $0.01225 | −0.39% | 0.32% | −19.51% | $7.58 M | $11.74 M | $420,788.23 | |||
1333 HNS 1333Handshake | $0.009956 | 0.00% | −0.37% | 629.84% | $6.75 M | $6.75 M | $223.93 | |||
1357 LQ 1357Liqwid Finance | $0.3134 | −2.01% | −9.41% | 32.11% | $6.31 M | $6.58 M | $269.60 | |||
1386 TREE 1386Treehouse | $0.0385 | −3.21% | −11.49% | −5.43% | $6.01 M | $38.54 M | $1.29 M | |||
1396 TURTLE 1396Turtle | $0.03795 | −1.98% | −9.75% | −1.74% | $5.87 M | $37.95 M | $229,358.09 | |||
1409 LOAN 1409Proton Loan | $0.00031 | 2.86% | −4.23% | −9.85% | $5.71 M | $11.81 M | $80,457.00 | |||
1423 RBNT 1423Redbelly Network | $0.001864 | −3.22% | −21.40% | −23.07% | $5.62 M | $18.60 M | $75,519.10 | |||
1427 PACT 1427PACT | $0.0001532 | 0.69% | −5.23% | −0.10% | $5.52 M | $19.15 M | $9,450.37 | |||
1535 HOPR 1535HOPR | $0.01367 | 6.59% | 7.80% | 12.28% | $4.66 M | $5.39 M | $34,679.40 | |||
1596 FLX 1596SEDA Protocol | $0.0169 | −1.57% | −4.79% | −17.55% | $4.24 M | $16.90 M | $483,828.46 | |||
1659 BOSON 1659Boson Protocol | $0.02261 | −0.71% | 5.91% | 27.29% | $3.85 M | $4.52 M | $66,021.54 | |||
1754 NLS 1754Nolus | $0.003683 | −1.26% | −0.24% | −1.37% | $3.28 M | $3.40 M | $65,627.61 | |||
1758 KDA 1758Kadena | $0.009723 | 0.35% | −1.98% | 143.36% | $3.26 M | $9.72 M | $2,532.33 | |||
1798 NUTS 1798Thetanuts Finance | $0.0009685 | 0.17% | 0.18% | −4.93% | $3.06 M | $9.69 M | $23,997.00 | |||
1830 NUM 1830Numbers Protocol | $0.003259 | 5.15% | 16.17% | 55.31% | $2.95 M | $2.98 M | $30,875.03 | |||
1886 VAL 1886Validity | $0.5263 | −1.69% | −3.91% | 7.76% | $2.68 M | $2.69 M | $80,206.00 | |||
1941 SCOR 1941Scor | $0.006897 | −0.09% | −5.03% | −34.11% | $2.45 M | $27.59 M | $5,389.33 | |||
1977 XEN 1977XEN Crypto | $0.0₇5123 | 11.33% | −8.60% | 32.92% | $2.27 M | $2.32 M | $92,562.27 | |||
2094 AVT 2094Aventus | $0.3137 | −4.83% | 13.17% | 76.15% | $1.88 M | $3.14 M | $36,942.06 | |||
2103 SPECTRA 2103Spectra | $0.003893 | 0.80% | −14.07% | 0.61% | $1.87 M | $1.72 M | $1,053.41 | |||
2121 INDY 2121Indigo Protocol | $0.1121 | −5.39% | −7.31% | 28.37% | $1.80 M | $3.92 M | $1,939.20 | |||
2147 SIS 2147Symbiosis | $0.01793 | 1.96% | 6.76% | −0.87% | $1.74 M | $1.74 M | $61,341.68 | |||
2272 AURA 2272Aura Finance | $0.02074 | −19.59% | −6.38% | −14.20% | $1.48 M | $1.75 M | $5.70 | |||
2325 ARC 2325Arc | $0.001511 | −7.00% | −19.46% | −15.53% | $1.39 M | $1.56 M | $57,309.00 | |||
2422 FREYA 2422Freya Protocol | $0.002269 | 0.87% | 5.96% | −22.17% | $1.24 M | $1.24 M | $10.46 | |||
2478 XDB 2478XDB CHAIN | $0.00006686 | −6.62% | −6.81% | −14.30% | $1.15 M | $1.27 M | $19,125.29 | |||
2501 ZKP 2501Panther Protocol | $0.002559 | −2.32% | 1.15% | −35.17% | $1.11 M | $925,969.68 | $64,112.65 | |||
2517 TRU 2517TrueFi | $0.0008793 | −0.59% | −5.78% | 1.51% | $1.09 M | $1.11 M | $2,342.89 | |||
2546 NPT 2546Neptune Cash | $0.2398 | 9.08% | −4.02% | 118.11% | $1.06 M | $2.28 M | $14,237.92 | |||
2607 HOOK 2607Hooked Protocol | $0.002745 | −7.88% | −20.53% | −35.19% | $991,629.11 | $1.37 M | $68,072.20 | |||
2680 MGP 2680Magpie | $0.001579 | −6.11% | −11.85% | −10.97% | $908,327.29 | $1.58 M | $6,288.71 | |||
2762 AJNA 2762Ajna Protocol | $0.001041 | −0.57% | −7.96% | −66.76% | $822,563.80 | $1.03 M | $1.72 | |||
2771 EXA 2771Exactly Protocol | $0.1486 | 1.29% | −5.19% | 10.71% | $813,821.80 | $1.49 M | $759.86 | |||
2817 KIMA 2817Kima Network | $0.003725 | −17.66% | −10.72% | 127.45% | $777,702.61 | $782,250.00 | $98.40 | |||
2887 EMP 2887Empyreal | $2.43 | −6.60% | 3.46% | 31.36% | $731,700.00 | $731,700.00 | $2,117.82 | |||
2959 WARD 2959Warden | $0.002711 | −1.87% | −2.84% | 13.17% | $678,617.52 | $2.71 M | $257,109.42 | |||
3007 CARD 3007Cardstack | $0.0002135 | −1.29% | 1.70% | 5.82% | $640,353.05 | $1.28 M | $29,297.00 | |||
3052 THINK 3052THINK Protocol | $0.000612 | −2.47% | −1.65% | −24.31% | $612,000.00 | $612,000.00 | $1,299.69 | |||
3117 AGENC 3117AgenC | $0.0005723 | 0.16% | 9.58% | 15.36% | $572,264.51 | $572,264.51 | $13,982.36 | |||
3192 PAL 3192Paladin | $0.01166 | −2.03% | 0.70% | −9.71% | $529,202.17 | $583,000.00 | $2.36 | |||
3227 PKT 3227PKT | $0.0001194 | −0.80% | −1.64% | −5.18% | $506,899.81 | $565,193.78 | $36.07 | |||
3229 SHFT 3229Shyft Network | $0.0002164 | −4.28% | −7.37% | −14.14% | $505,307.58 | $545,328.00 | $891.33 | |||
3399 UP 3399UnlockProtocolToken | $0.0007652 | −1.42% | −7.90% | 8.75% | $424,920.03 | $765,200.00 | $79.31 | |||
3427 FIO 3427FIO Protocol | $0.0004436 | −0.67% | −8.37% | −0.78% | $410,705.50 | $437,796.94 | $288.72 | |||
3526 RMRK 3526RMRK | $0.04103 | 227.85% | 272.70% | 171.13% | $373,001.62 | $410,299.99 | $52.49 | |||
3529 USDFI 3529USDFI | $0.3715 | −2.22% | −3.71% | 1.28% | $371,500.00 | $371,500.00 | $85.01 | |||
3548 XI 3548Xi Token | $0.0008684 | −3.25% | −0.03% | 1.51% | $365,596.39 | $868,400.00 | $158.69 | |||
3549 3549 Superfluid | $0.003576 | 1.97% | −3.46% | −11.24% | $365,594.10 | $3.58 M | $5,603.81 | |||
3787 EXRD 3787e-Radix | $0.0004446 | −1.94% | −0.07% | −15.89% | $290,802.64 | $290,802.64 | $20.09 | |||
3868 PINE 3868Pine | $0.00136 | −2.72% | −24.92% | −24.05% | $271,422.00 | $272,000.00 | $483.89 | |||
3899 PITCH 3899Pitch | $0.2818 | −1.70% | −2.52% | 0.57% | $263,749.80 | $263,749.80 | $24,553.00 | |||
3967 TICS 3967Qubetics | $0.00102 | −2.02% | −3.59% | −88.53% | $248,151.38 | $1.39 M | $129,641.89 | |||
4017 CYPH 4017Cypher | $0.00178 | −1.63% | −3.96% | −3.86% | $239,608.43 | $1.78 M | $126.91 | |||
4101 LMR 4101Lumerin | $0.0003528 | −4.09% | −3.00% | −5.86% | $223,160.98 | $352,800.00 | $10.87 | |||
4145 VALAS 4145Valas Finance | $0.00009726 | −3.46% | −2.00% | −4.57% | $213,591.85 | $291,780.00 | $9.79 |
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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.