Protocol
0.50%
−0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
23 CC 23Canton | $0.09272 | −3.70% | −6.71% | −27.94% | $3.64 B | $3.64 B | $5.95 M | |||
25 HBAR 25Hedera | $0.06565 | 0.91% | −3.77% | −0.61% | $2.88 B | $3.28 B | $27.28 M | |||
50 SKY 50Sky | $0.05306 | 1.79% | −0.65% | −11.75% | $1.24 B | $1.24 B | $6.78 M | |||
59 ENA 59Ethena | $0.0835 | 0.24% | −6.13% | 2.34% | $820.45 M | $1.25 B | $46.05 M | |||
67 QNT 67Quant | $57.71 | 0.30% | −1.35% | −15.17% | $695.27 M | $857.02 M | $22.67 M | |||
99 GNO 99Gnosis | $104.60 | 1.28% | −0.35% | −10.15% | $276.78 M | $314.57 M | $2.39 M | |||
112 BTT 112BitTorrent | $0.0₅27 | 0.01% | −0.03% | −2.57% | $256.63 M | $256.63 M | $2.16 M | |||
141 KITE 141Kite | $0.0928 | −1.42% | −10.81% | −21.50% | $166.64 M | $925.80 M | $6.54 M | |||
184 AR 184Arweave | $1.80 | −0.35% | −2.14% | −6.42% | $118.11 M | $118.11 M | $1.47 M | |||
209 AB 209AB (prev. Newton) | $0.000955 | 0.12% | 0.94% | −2.75% | $94.66 M | $94.66 M | $583,614.00 | |||
232 EGLD 232MultiversX | $2.68 | 1.84% | −0.31% | −13.03% | $82.23 M | $82.24 M | $1.51 M | |||
254 RIF 254RSK Infrastructure Framework | $0.0726 | 5.34% | 1.25% | −44.85% | $73.03 M | $73.03 M | $8.04 M | |||
285 ZRX 2850x Protocol | $0.07576 | −0.72% | −7.46% | −11.59% | $64.27 M | $75.76 M | $6.15 M | |||
289 COW 289CoW Protocol | $0.1092 | −11.36% | 4.14% | −22.53% | $62.79 M | $109.20 M | $15.10 M | |||
313 DRV 313Derive | $0.096 | −12.91% | 0.44% | −24.49% | $55.56 M | $95.65 M | $4.30 M | |||
315 SUPER 315SuperVerse | $0.08645 | −0.36% | −2.90% | 2.47% | $55.34 M | $86.45 M | $1.05 M | |||
327 WAL 327Walrus | $0.02114 | −4.75% | −15.88% | −28.48% | $53.09 M | $105.75 M | $3.36 M | |||
398 XYO 398XYO Network | $0.002951 | 0.35% | 0.97% | −2.74% | $40.92 M | $41.11 M | $1.40 M | |||
419 PCI 419Paycoin | $0.03554 | 0.08% | −2.04% | −5.78% | $38.00 M | $67.53 M | $197,055.99 | |||
450 HUMA 450Huma Finance | $0.02064 | 0.61% | −1.69% | −8.00% | $35.67 M | $205.80 M | $3.68 M | |||
535 EUL 535Euler | $1.25 | 9.62% | 0.23% | 22.15% | $30.21 M | $34.20 M | $9.97 M | |||
542 ACX 542Across Protocol | $0.04135 | 0.30% | 3.13% | −0.05% | $29.59 M | $41.23 M | $338,564.00 | |||
579 BANK 579Lorenzo Protocol | $0.0356 | −4.54% | −7.70% | −38.23% | $27.16 M | $43.03 M | $9.39 M | |||
595 APEX 595ApeX | $0.1804 | −3.95% | −14.60% | −35.72% | $26.36 M | $90.15 M | $1.19 M | |||
624 SYN 624Synapse | $0.1037 | −1.66% | −1.56% | −50.70% | $24.23 M | $25.69 M | $4.72 M | |||
643 OCEAN 643Ocean Protocol | $0.09444 | −0.45% | −0.40% | −11.53% | $22.76 M | $133.16 M | $11,395.80 | |||
704 STG 704Stargate Finance | $0.1432 | −0.27% | 2.38% | 2.15% | $20.19 M | $143.30 M | $10.05 M | |||
707 MVL 707MVL | $0.0007152 | 0.93% | −5.34% | −16.18% | $19.88 M | $21.46 M | $50,404.00 | |||
716 ABEY 716Abey | $0.01901 | 4.34% | 19.11% | 24.36% | $19.62 M | $26.98 M | $11,076.98 | |||
724 AUCTION 724Bounce | $2.79 | −1.41% | −7.31% | −16.22% | $19.31 M | $21.32 M | $4.37 M | |||
750 RYZE 750Ryze | $0.06951 | 0.65% | 0.27% | −20.57% | $18.34 M | $26.74 M | $620.93 | |||
783 ABT 783Arcblock | $0.1729 | 0.22% | −5.67% | −7.91% | $17.04 M | $32.16 M | $17,141.78 | |||
798 WAXP 798WAX | $0.0036 | −1.59% | −9.25% | −7.99% | $16.66 M | $16.67 M | $394,140.22 | |||
810 POKT 810Pocket Network | $0.006928 | 0.07% | 0.54% | −9.99% | $16.19 M | $16.45 M | $149,231.00 | |||
842 KEEP 842Keep Network | $0.01591 | 0.48% | −7.25% | −19.52% | $15.36 M | $15.91 M | $315.99 | |||
962 TOKAMAK 962Tokamak Network | $0.2717 | 2.20% | −10.80% | −22.76% | $11.91 M | $28.72 M | $152,684.00 | |||
993 META 993Metadium | $0.006404 | 0.04% | −4.11% | −18.76% | $11.15 M | $12.81 M | $43,384.00 | |||
996 HYPER 996Hyperlane | $0.0627 | −0.47% | −1.97% | −8.43% | $10.99 M | $62.74 M | $4.62 M | |||
997 ONE 997Harmony | $0.00075 | −4.92% | −41.85% | −37.53% | $10.97 M | $10.97 M | $1.65 M | |||
1017 WAN 1017Wanchain | $0.05292 | −0.38% | −0.91% | 0.83% | $10.52 M | $10.52 M | $1.18 M | |||
1035 LAVA 1035Lava Network | $0.01771 | 0.30% | 8.58% | 2.23% | $10.23 M | $16.99 M | $369,207.11 | |||
1192 RBNT 1192Redbelly Network | $0.0028 | −0.15% | −10.32% | −24.73% | $7.55 M | $28.00 M | $62,626.80 | |||
1207 REP 1207Augur [OLD] | $0.6724 | 0.47% | −22.95% | −25.92% | $7.40 M | $7.40 M | $168.73 | |||
1231 LOAN 1231Proton Loan | $0.0003848 | −0.63% | −2.32% | −2.98% | $7.08 M | $14.04 M | $108,510.00 | |||
1238 SD 1238Stader | $0.09757 | 0.86% | −8.16% | −12.17% | $7.01 M | $11.71 M | $394,739.40 | |||
1271 TURTLE 1271Turtle | $0.0422 | −2.68% | −5.93% | 26.71% | $6.53 M | $42.20 M | $308,317.81 | |||
1354 MAP 1354MAP Protocol | $0.00278 | −0.24% | −1.25% | −18.43% | $5.55 M | $8.62 M | $459,982.00 | |||
1355 SAGA 1355Saga | $0.01331 | 1.01% | −12.13% | 8.76% | $5.54 M | $14.70 M | $2.59 M | |||
1379 TREE 1379Treehouse | $0.0339 | −0.65% | −8.86% | −14.44% | $5.30 M | $33.94 M | $1.09 M | |||
1411 FLX 1411SEDA Protocol | $0.02021 | −0.88% | −2.32% | −11.99% | $5.07 M | $20.20 M | $515,793.51 | |||
1436 PACT 1436PACT | $0.000145 | −15.05% | 12.60% | 16.65% | $4.80 M | $18.13 M | $61,322.48 | |||
1482 SCOR 1482Scor | $0.01266 | −0.18% | −2.43% | 15.00% | $4.49 M | $50.64 M | $442.45 | |||
1578 HOPR 1578HOPR | $0.01098 | −1.93% | −7.48% | −32.82% | $3.75 M | $4.34 M | $69,385.73 | |||
1594 TICS 1594Qubetics | $0.01488 | −4.98% | −20.95% | 0.88% | $3.62 M | $20.25 M | $98,478.66 | |||
1603 LQ 1603Liqwid Finance | $0.177 | 1.79% | −1.67% | −6.71% | $3.57 M | $3.72 M | $332.80 | |||
1612 NUTS 1612Thetanuts Finance | $0.001119 | −1.04% | −0.32% | −0.48% | $3.53 M | $11.19 M | $21,097.00 | |||
1660 BOSON 1660Boson Protocol | $0.01905 | 7.46% | −6.80% | −28.24% | $3.25 M | $3.81 M | $10,471.31 | |||
1891 VAL 1891Validity | $0.4376 | 0.18% | 0.84% | −8.62% | $2.23 M | $2.23 M | $17,979.28 | |||
1976 SIS 1976Symbiosis | $0.02039 | −0.39% | −1.42% | −12.06% | $1.97 M | $1.97 M | $144,909.37 | |||
2005 NUM 2005Numbers Protocol | $0.0021 | 13.46% | 3.20% | −0.70% | $1.90 M | $1.92 M | $57,949.86 | |||
2010 NLS 2010Nolus | $0.002132 | 4.91% | −4.43% | 74.55% | $1.89 M | $1.97 M | $57,999.60 | |||
2020 FREYA 2020Freya Protocol | $0.003406 | 0.12% | 2.26% | −37.46% | $1.87 M | $1.87 M | $68.33 | |||
2138 AVT 2138Aventus | $0.2679 | 177.58% | −28.99% | −54.40% | $1.61 M | $2.68 M | $1.31 M | |||
2149 KDA 2149Kadena | $0.004723 | 0.71% | −6.92% | −7.72% | $1.58 M | $4.72 M | $5,823.02 | |||
2157 XEN 2157XEN Crypto | $0.0₇4016 | 0.71% | −3.98% | −6.62% | $1.56 M | $1.56 M | $59,912.60 | |||
2171 SPECTRA 2171Spectra | $0.003233 | 4.59% | 31.94% | 24.46% | $1.53 M | $1.42 M | $2,038.59 | |||
2290 HNS 2290Handshake | $0.00196 | 3.99% | 25.62% | 53.02% | $1.33 M | $1.33 M | $7,542.94 | |||
2298 INDY 2298Indigo Protocol | $0.08162 | −1.59% | −12.91% | −18.66% | $1.31 M | $2.86 M | $1,694.25 | |||
2308 HOOK 2308Hooked Protocol | $0.003637 | −1.17% | 2.13% | −21.47% | $1.30 M | $1.82 M | $12,137.93 | |||
2326 TRU 2326TrueFi | $0.00102 | 1.70% | 0.49% | 74.80% | $1.27 M | $1.28 M | $9,096.86 | |||
2356 XDB 2356XDB CHAIN | $0.0000692 | −1.76% | 2.35% | −10.98% | $1.20 M | $1.32 M | $69,240.50 | |||
2382 AURA 2382Aura Finance | $0.0163 | 1.57% | 63.02% | 42.68% | $1.16 M | $1.37 M | $0.4963 | |||
2387 MULTI 2387Multichain | $0.07927 | 7.43% | −5.03% | −15.38% | $1.15 M | $7.93 M | $943.68 | |||
2511 THINK 2511THINK Protocol | $0.0009907 | 0.37% | −10.60% | −19.08% | $990,700.00 | $990,700.00 | $75.83 | |||
2575 ZKP 2575Panther Protocol | $0.002151 | 11.41% | −22.33% | −41.52% | $919,739.29 | $775,381.96 | $51,467.62 | |||
2580 MGP 2580Magpie | $0.001589 | −0.25% | −1.72% | 1.04% | $914,079.84 | $1.59 M | $521.30 | |||
2617 UP 2617UnlockProtocolToken | $0.001578 | 1.27% | −2.20% | 8.20% | $872,886.41 | $1.58 M | $83.60 | |||
2735 WARD 2735Warden | $0.003102 | 1.61% | −10.56% | −27.62% | $769,233.36 | $3.07 M | $265,476.72 | |||
2748 EMP 2748Empyreal | $2.53 | −14.87% | −32.37% | −63.38% | $760,800.00 | $760,800.00 | $28.96 | |||
2765 SUDO 2765sudoswap | $0.02903 | −0.42% | −1.47% | 2.15% | $737,351.33 | $1.69 M | $319.63 | |||
2847 GET 2847GET Protocol | $0.05881 | −0.72% | −0.72% | −20.20% | $669,743.43 | $1.37 M | $7.28 | |||
2889 AGENC 2889AgenC | $0.0006378 | −6.13% | −23.26% | −34.34% | $637,770.52 | $637,770.52 | $35,060.00 | |||
2918 CARD 2918Cardstack | $0.0002062 | 32.95% | 32.18% | 2.28% | $618,458.07 | $1.24 M | $29,054.00 | |||
2985 EXRD 2985e-Radix | $0.0009031 | −4.43% | −0.16% | −2.29% | $571,622.70 | $571,622.70 | $1,172.06 | |||
3013 3013 Superfluid | $0.005429 | −1.32% | −10.55% | −30.74% | $555,036.45 | $5.43 M | $4,981.58 | |||
3025 EXA 3025Exactly Protocol | $0.1112 | −1.13% | 3.16% | −9.56% | $548,564.29 | $1.11 M | $7.75 | |||
3100 PKT 3100PKT | $0.0001193 | −0.48% | −8.44% | −10.06% | $506,475.27 | $564,720.42 | $6.66 | |||
3112 KIMA 3112Kima Network | $0.002396 | 1.25% | 29.58% | −59.43% | $500,157.83 | $503,160.00 | $3.97 | |||
3140 ARC 3140Arc | $0.0005286 | 4.50% | −3.00% | −32.65% | $487,696.55 | $544,458.00 | $3,198.85 | |||
3427 PINE 3427Pine | $0.001805 | 1.27% | 0.20% | 1.11% | $360,232.87 | $361,000.00 | $1.33 | |||
3452 XI 3452Xi Token | $0.0008329 | 7.77% | 15.09% | 42.21% | $350,650.90 | $832,900.00 | $258.77 | |||
3585 NOOK 3585Nookplot | $0.00000312 | −12.89% | −17.07% | −41.93% | $309,949.10 | $312,000.00 | $34,611.00 | |||
3661 USDFI 3661USDFI | $0.2899 | 1.35% | 1.79% | 1.48% | $289,900.00 | $289,900.00 | $10.43 | |||
3767 CYPH 3767Cypher | $0.002189 | 0.83% | −3.47% | −23.82% | $262,326.06 | $2.19 M | $678.80 | |||
3769 FIO 3769FIO Protocol | $0.0002829 | −1.36% | −1.05% | −8.25% | $261,179.54 | $278,545.94 | $1,243.96 | |||
3857 LMR 3857Lumerin | $0.0003793 | 1.83% | −20.70% | −17.08% | $239,923.36 | $379,300.00 | $290.39 | |||
3902 NEON 3902NEXION | $0.0002815 | −8.16% | −9.20% | 7.85% | $227,021.71 | $227,021.71 | $825.78 | |||
3943 UFI 3943PureFi | $0.003757 | 5.51% | 2.42% | −2.12% | $219,494.57 | $375,700.00 | $404.51 | |||
3979 PITCH 3979Pitch | $0.2266 | 0.38% | −2.40% | −2.20% | $212,086.31 | $212,086.31 | $359,680.00 | |||
3987 ELFI 3987ELYFI | $0.004127 | 0.95% | −0.45% | 2.89% | $210,103.56 | $412,699.99 | $26.17 |
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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.