Protocol
0.53%
0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
21 CC 21Canton | $0.1097 | −0.11% | −7.63% | 9.98% | $4.34 B | $4.34 B | $7.30 M | |||
26 HBAR 26Hedera | $0.0807 | −0.21% | 6.97% | 16.72% | $3.54 B | $4.04 B | $41.27 M | |||
44 ENA 44Ethena | $0.1727 | 4.63% | 6.67% | 88.14% | $1.74 B | $2.58 B | $291.21 M | |||
45 SKY 45Sky | $0.07064 | 4.09% | −0.59% | 26.35% | $1.65 B | $1.65 B | $8.84 M | |||
71 QNT 71Quant | $65.51 | 2.05% | 5.28% | 9.64% | $790.89 M | $969.52 M | $15.48 M | |||
111 KITE 111Kite | $0.127 | 0.83% | −1.23% | 19.42% | $318.66 M | $1.27 B | $9.44 M | |||
112 GNO 112Gnosis | $117.54 | −0.06% | −0.84% | 11.62% | $310.25 M | $352.55 M | $590,480.60 | |||
116 BTT 116BitTorrent | $0.0₅31 | 0.97% | 2.92% | 14.18% | $305.98 M | $296.11 M | $2.15 M | |||
149 AR 149Arweave | $2.90 | 0.33% | 38.16% | 62.46% | $190.85 M | $191.44 M | $14.73 M | |||
184 EGLD 184MultiversX | $4.48 | −4.30% | 14.85% | 61.86% | $137.72 M | $137.68 M | $3.56 M | |||
231 DRV 231Derive | $0.1642 | −8.00% | 4.17% | 70.07% | $95.43 M | $165.60 M | $10.87 M | |||
235 AB 235AB (prev. Newton) | $0.000953 | 0.01% | −2.50% | −1.06% | $94.18 M | $94.29 M | $719,649.00 | |||
248 ZRX 2480x Protocol | $0.1049 | 0.87% | 6.17% | 32.46% | $89.00 M | $104.70 M | $17.91 M | |||
280 SUPER 280SuperVerse | $0.1168 | 1.72% | 6.91% | 39.38% | $74.77 M | $116.60 M | $2.37 M | |||
281 RIF 281RSK Infrastructure Framework | $0.0743 | −1.30% | 6.48% | 7.15% | $74.30 M | $74.39 M | $7.83 M | |||
282 COW 282CoW Protocol | $0.13 | 1.16% | 5.66% | 24.64% | $74.51 M | $129.70 M | $3.47 M | |||
301 WAL 301Walrus | $0.02723 | −0.49% | 13.65% | 7.29% | $69.81 M | $136.25 M | $3.81 M | |||
380 XYO 380XYO Network | $0.00353 | −1.05% | 0.46% | 21.03% | $48.95 M | $49.18 M | $2.14 M | |||
447 PCI 447Paycoin | $0.03728 | 1.61% | −3.37% | 3.76% | $39.89 M | $70.83 M | $210,758.43 | |||
469 HUMA 469Huma Finance | $0.0216 | −1.51% | 6.43% | 8.49% | $37.44 M | $217.50 M | $4.48 M | |||
479 APEX 479ApeX | $0.2519 | −0.64% | −4.40% | 14.04% | $36.83 M | $125.95 M | $1.29 M | |||
487 OCEAN 487Ocean Protocol | $0.1488 | 1.29% | 4.00% | 53.33% | $35.86 M | $209.81 M | $42,031.27 | |||
559 EUL 559Euler | $1.29 | −1.84% | −3.82% | −0.68% | $31.03 M | $35.17 M | $1.20 M | |||
575 ACX 575Across Protocol | $0.04144 | 0.33% | 2.14% | 4.09% | $29.83 M | $41.44 M | $113,012.00 | |||
617 BANK 617Lorenzo Protocol | $0.0352 | −0.85% | −3.02% | −18.56% | $26.93 M | $42.72 M | $4.02 M | |||
627 MVL 627MVL | $0.0009331 | 1.82% | 7.33% | 19.79% | $25.94 M | $27.99 M | $50,789.00 | |||
665 STG 665Stargate Finance | $0.1693 | 1.40% | 0.20% | 35.90% | $23.82 M | $169.60 M | $9.42 M | |||
672 AUCTION 672Bounce | $3.40 | −0.29% | −7.57% | 14.24% | $23.65 M | $25.98 M | $5.80 M | |||
680 ABEY 680Abey | $0.02236 | −0.67% | −0.93% | 57.25% | $23.52 M | $31.64 M | $11,171.38 | |||
727 SYN 727Synapse | $0.08955 | −2.41% | −9.64% | −30.28% | $20.96 M | $22.21 M | $3.60 M | |||
733 WAXP 733WAX | $0.00453 | 1.72% | 2.57% | 18.07% | $20.87 M | $20.86 M | $634,930.66 | |||
734 KEEP 734Keep Network | $0.02159 | 5.58% | 16.55% | 35.62% | $20.84 M | $21.59 M | $5,034.44 | |||
737 ABT 737Arcblock | $0.2092 | −4.32% | 4.85% | 16.74% | $20.62 M | $38.91 M | $43,887.98 | |||
804 POKT 804Pocket Network | $0.0075 | −1.75% | 6.20% | 11.64% | $17.82 M | $18.24 M | $284,305.00 | |||
828 MAP 828MAP Protocol | $0.00282 | 2.17% | 104.26% | 207.20% | $17.61 M | $27.44 M | $188,677.57 | |||
837 RYZE 837Ryze | $0.06453 | 0.78% | −10.03% | −11.69% | $17.02 M | $24.83 M | $3.02 | |||
931 TOKAMAK 931Tokamak Network | $0.3265 | 1.61% | 7.79% | 2.19% | $14.31 M | $34.52 M | $136,794.00 | |||
962 META 962Metadium | $0.007667 | −26.46% | 9.75% | 13.88% | $13.37 M | $15.33 M | $60,984.00 | |||
981 REP 981Augur [OLD] | $1.17 | 20.00% | 6.36% | 38.61% | $12.87 M | $12.87 M | $6,139.99 | |||
1020 HYPER 1020Hyperlane | $0.0689 | 0.63% | 5.10% | 12.63% | $12.07 M | $68.69 M | $10.85 M | |||
1039 WAN 1039Wanchain | $0.05847 | 0.40% | 2.66% | 10.11% | $11.64 M | $11.66 M | $402,220.67 | |||
1061 LAVA 1061Lava Network | $0.01902 | 0.13% | −4.01% | 19.35% | $11.27 M | $18.22 M | $493,548.21 | |||
1065 ONE 1065Harmony | $0.000753 | −3.19% | −2.81% | −40.19% | $11.31 M | $11.12 M | $897,886.99 | |||
1194 SD 1194Stader | $0.1217 | −1.79% | −6.48% | 23.75% | $8.71 M | $14.57 M | $193,545.11 | |||
1285 LOAN 1285Proton Loan | $0.0004031 | −0.36% | 0.77% | −1.01% | $7.42 M | $14.86 M | $125,463.00 | |||
1321 RBNT 1321Redbelly Network | $0.00254 | −2.22% | −4.37% | −22.50% | $6.92 M | $25.37 M | $69,336.55 | |||
1356 TREE 1356Treehouse | $0.0422 | −1.84% | 7.27% | 21.82% | $6.59 M | $42.30 M | $2.43 M | |||
1373 TURTLE 1373Turtle | $0.0417 | −1.01% | −2.04% | −5.18% | $6.45 M | $41.77 M | $207,790.96 | |||
1376 SAGA 1376Saga | $0.01545 | −0.48% | −2.18% | 14.43% | $6.44 M | $17.03 M | $2.19 M | |||
1405 PACT 1405PACT | $0.0001913 | 2.81% | 3.24% | 79.88% | $6.07 M | $23.91 M | $12,584.84 | |||
1462 FLX 1462SEDA Protocol | $0.02164 | 1.64% | −7.08% | 4.69% | $5.43 M | $21.64 M | $793,999.67 | |||
1563 LQ 1563Liqwid Finance | $0.2287 | 1.19% | 5.21% | 24.02% | $4.61 M | $4.80 M | $1.78 | |||
1613 SCOR 1613Scor | $0.01195 | −1.23% | −3.26% | −8.28% | $4.24 M | $47.80 M | $153,727.52 | |||
1646 HOPR 1646HOPR | $0.01186 | −1.09% | 3.29% | −3.30% | $4.05 M | $4.68 M | $9,898.36 | |||
1715 BOSON 1715Boson Protocol | $0.02122 | 0.45% | 6.79% | 4.63% | $3.62 M | $4.24 M | $37,442.98 | |||
1783 NUTS 1783Thetanuts Finance | $0.001028 | 0.18% | −2.83% | −9.02% | $3.25 M | $10.28 M | $23,273.00 | |||
1980 NLS 1980Nolus | $0.002794 | 0.14% | 3.22% | 16.85% | $2.48 M | $2.58 M | $63,682.47 | |||
1984 VAL 1984Validity | $0.4842 | 0.34% | −1.85% | 13.36% | $2.47 M | $2.47 M | $31,881.00 | |||
2041 TICS 2041Qubetics | $0.00944 | −6.09% | 37.98% | −54.68% | $2.30 M | $12.82 M | $159,833.58 | |||
2132 SPECTRA 2132Spectra | $0.004196 | 19.99% | 7.25% | 46.58% | $2.01 M | $1.85 M | $6,457.19 | |||
2162 SIS 2162Symbiosis | $0.01987 | −1.07% | −9.10% | −6.61% | $1.93 M | $1.93 M | $62,222.85 | |||
2164 XEN 2164XEN Crypto | $0.0₇4731 | 8.42% | −5.19% | 16.89% | $1.93 M | $1.92 M | $84,185.28 | |||
2171 NUM 2171Numbers Protocol | $0.00211 | −0.19% | −1.14% | −2.72% | $1.91 M | $1.93 M | $69,122.00 | |||
2181 AURA 2181Aura Finance | $0.02628 | 92.58% | 33.11% | 48.16% | $1.88 M | $2.21 M | $131.79 | |||
2192 AJNA 2192Ajna Protocol | $0.002335 | 0.88% | −26.05% | 226.30% | $1.85 M | $2.32 M | $88.86 | |||
2249 HNS 2249Handshake | $0.002568 | −2.76% | −23.89% | 59.62% | $1.74 M | $1.74 M | $3,524.54 | |||
2274 INDY 2274Indigo Protocol | $0.1056 | 2.33% | 5.24% | 9.75% | $1.70 M | $3.70 M | $773.68 | |||
2316 KDA 2316Kadena | $0.004783 | 25.41% | 35.04% | 22.11% | $1.60 M | $4.78 M | $37,684.85 | |||
2332 HOOK 2332Hooked Protocol | $0.004344 | 1.38% | 2.01% | 21.47% | $1.56 M | $2.19 M | $122,094.09 | |||
2386 FREYA 2386Freya Protocol | $0.002697 | −0.70% | −7.50% | −8.16% | $1.48 M | $1.48 M | $91.75 | |||
2538 XDB 2538XDB CHAIN | $0.0000729 | −6.04% | −12.82% | 8.13% | $1.25 M | $1.37 M | $14,349.64 | |||
2540 AVT 2540Aventus | $0.2056 | −3.60% | 2.04% | −47.07% | $1.23 M | $2.06 M | $11,585.69 | |||
2571 EMP 2571Empyreal | $3.93 | 21.49% | 5.29% | 17.93% | $1.18 M | $1.18 M | $744.35 | |||
2608 TRU 2608TrueFi | $0.0009012 | 0.40% | −7.75% | 8.59% | $1.12 M | $1.13 M | $6,241.36 | |||
2617 ZKP 2617Panther Protocol | $0.002555 | −0.83% | 16.59% | −14.55% | $1.11 M | $924,883.71 | $56,761.17 | |||
2639 MGP 2639Magpie | $0.001892 | −2.59% | 1.16% | 20.29% | $1.09 M | $1.89 M | $881.24 | |||
2679 THINK 2679THINK Protocol | $0.001038 | −10.56% | −19.20% | −20.70% | $1.04 M | $1.04 M | $2,426.54 | |||
2819 ARC 2819Arc | $0.000942 | 14.89% | −2.91% | 72.21% | $869,107.37 | $970,260.00 | $9,212.40 | |||
2908 UP 2908UnlockProtocolToken | $0.001396 | 0.47% | −3.84% | −11.36% | $772,407.21 | $1.40 M | $99.91 | |||
2918 EXA 2918Exactly Protocol | $0.1531 | 0.11% | −0.44% | 39.46% | $767,015.10 | $1.53 M | $392.33 | |||
3050 WARD 3050Warden | $0.002695 | −0.54% | 5.47% | −27.75% | $674,612.40 | $2.70 M | $283,606.64 | |||
3147 CARD 3147Cardstack | $0.0002052 | 0.96% | 4.14% | 22.39% | $615,458.76 | $1.23 M | $5.43 | |||
3182 SHFT 3182Shyft Network | $0.0002561 | −0.04% | −1.51% | 4.05% | $598,009.58 | $645,372.00 | $65.73 | |||
3204 GET 3204GET Protocol | $0.05147 | 0.51% | −27.63% | −12.76% | $586,153.62 | $1.20 M | $2.12 | |||
3216 3216 Superfluid | $0.005652 | 1.54% | 2.37% | −6.04% | $577,834.97 | $5.65 M | $10,827.76 | |||
3264 AGENC 3264AgenC | $0.0005436 | 4.35% | −22.10% | −22.70% | $543,574.55 | $543,574.55 | $10,346.22 | |||
3315 MULTI 3315Multichain | $0.03508 | −6.75% | −47.10% | −57.96% | $510,101.56 | $3.51 M | $2,221.22 | |||
3477 KIMA 3477Kima Network | $0.002082 | 0.86% | 24.52% | 28.18% | $434,629.63 | $437,220.00 | $241.14 | |||
3598 EXRD 3598e-Radix | $0.0005892 | 3.39% | −33.53% | −38.22% | $386,289.67 | $386,289.67 | $145.89 | |||
3612 PSTAKE 3612pSTAKE | $0.0008649 | 0.96% | 853.15% | 1214.28% | $380,254.18 | $432,450.00 | $2.19 | |||
3624 USDFI 3624USDFI | $0.3781 | 6.85% | 0.44% | 26.62% | $378,100.00 | $378,100.00 | $640.58 | |||
3673 PINE 3673Pine | $0.001781 | −2.32% | −1.41% | −0.76% | $355,443.07 | $356,200.00 | $382.14 | |||
3713 ANZ 3713Anzen Finance | $0.0001092 | 0.46% | 23.26% | 261.36% | $342,528.94 | $1.09 M | $528.27 | |||
3728 XI 3728Xi Token | $0.0007968 | 1.06% | −2.01% | 1.28% | $335,452.80 | $796,800.00 | $29.60 | |||
3765 FIO 3765FIO Protocol | $0.0003517 | 10.26% | 33.88% | 33.83% | $325,234.55 | $346,713.49 | $2,444.50 | |||
3879 CYPH 3879Cypher | $0.002282 | 0.81% | −4.06% | −0.24% | $292,397.67 | $2.28 M | $744.12 | |||
3926 NOOK 3926Nookplot | $0.00000283 | 1.08% | −25.00% | −24.87% | $280,383.88 | $283,000.00 | $29,006.00 | |||
3960 TEN 3960Teneo | $0.007209 | −2.51% | 29.10% | 1184.51% | $274,108.26 | $720,900.00 | $12.61 | |||
3966 PITCH 3966Pitch | $0.2918 | 1.74% | 1.06% | 24.29% | $273,109.75 | $273,109.33 | $342,740.00 | |||
3990 UFI 3990PureFi | $0.004606 | −4.45% | 4.35% | 31.26% | $269,095.55 | $460,600.00 | $95.15 |
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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.