Protocol
0.59%
−0.00%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
24 CC 24Canton | $0.096 | −2.51% | 5.77% | −23.51% | $3.84 B | $3.83 B | $25.10 M | |||
30 HBAR 30Hedera | $0.0686 | −5.59% | 0.32% | −33.29% | $3.04 B | $3.43 B | $64.62 M | |||
36 QNT 36Quant | $191.37 | −6.34% | 7.44% | −28.11% | $2.31 B | $2.85 B | $63.68 M | |||
38 ENA 38Ethena | $0.1644 | −9.77% | −4.23% | −35.87% | $2.22 B | $2.47 B | $193.95 M | |||
48 SKY 48Sky | $0.06467 | −4.21% | −0.05% | −28.36% | $1.51 B | $1.51 B | $9.25 M | |||
92 KITE 92Kite | $0.1125 | −5.20% | 8.60% | −20.00% | $413.67 M | $1.13 B | $7.91 M | |||
98 BTT 98BitTorrent | $0.0₅36 | −2.08% | 0.27% | −5.05% | $347.55 M | $347.55 M | $27.07 M | |||
111 GNO 111Gnosis | $114.21 | 0.72% | 6.29% | −6.03% | $301.46 M | $342.89 M | $1.28 M | |||
134 AR 134Arweave | $3.10 | −6.06% | 1.65% | −32.48% | $203.85 M | $203.65 M | $8.99 M | |||
146 DRV 146Derive | $0.3185 | −15.80% | 1.41% | −22.83% | $185.02 M | $318.80 M | $18.79 M | |||
194 SUPER 194SuperVerse | $0.1777 | −1.94% | 9.84% | −26.66% | $116.07 M | $177.70 M | $9.46 M | |||
214 EGLD 214MultiversX | $3.22 | −3.74% | 4.25% | −29.94% | $100.31 M | $100.26 M | $2.14 M | |||
242 ZRX 2420x Protocol | $0.0932 | −5.94% | −0.43% | −27.62% | $79.07 M | $93.20 M | $4.26 M | |||
247 WAL 247Walrus | $0.0278 | −4.55% | −7.42% | −25.18% | $74.25 M | $139.60 M | $2.10 M | |||
274 COW 274CoW Protocol | $0.1117 | −6.41% | −1.34% | −28.98% | $64.48 M | $111.90 M | $2.27 M | |||
289 RIF 289RSK Infrastructure Framework | $0.06 | −4.27% | −9.36% | −27.55% | $60.00 M | $60.19 M | $7.55 M | |||
319 AB 319AB (prev. Newton) | $0.0005188 | −0.14% | −1.69% | −12.75% | $51.27 M | $51.50 M | $190,582.04 | |||
384 ABEY 384Abey | $0.03846 | 1.15% | 2.62% | 20.43% | $40.17 M | $55.08 M | $11,776.87 | |||
390 XYO 390XYO Network | $0.002899 | −3.95% | −1.66% | −24.28% | $40.20 M | $40.39 M | $3.23 M | |||
408 PCI 408Paycoin | $0.03498 | −1.58% | −1.74% | −10.53% | $37.50 M | $66.46 M | $292,211.76 | |||
436 SYN 436Synapse | $0.1455 | −7.08% | −10.04% | −22.48% | $34.35 M | $35.48 M | $4.88 M | |||
459 ACX 459Across Protocol | $0.04437 | −0.00% | 1.59% | 5.09% | $32.21 M | $44.37 M | $59,304.00 | |||
473 APEX 473ApeX | $0.194 | −7.44% | 1.00% | −18.75% | $30.64 M | $97.65 M | $1.26 M | |||
485 OCEAN 485Ocean Protocol | $0.1241 | 1.87% | 7.58% | −20.15% | $30.02 M | $174.98 M | $459,490.36 | |||
564 ABT 564Arcblock | $0.2581 | −7.58% | −9.18% | −25.72% | $25.44 M | $48.01 M | $83,251.13 | |||
574 MAP 574MAP Protocol | $0.0039 | −3.72% | −9.58% | −71.80% | $24.42 M | $37.82 M | $976,118.00 | |||
577 MVL 577MVL | $0.0008709 | −6.56% | −6.12% | −20.00% | $24.21 M | $26.13 M | $96,570.68 | |||
584 EUL 584Euler | $0.997 | −7.15% | −6.65% | −30.91% | $23.96 M | $27.10 M | $1.15 M | |||
588 CT 588Concrete Protocol | $0.1238 | −2.31% | −4.41% | −68.33% | $23.52 M | $124.60 M | $18.96 M | |||
594 HUMA 594Huma Finance | $0.01351 | −18.19% | −51.48% | −58.36% | $23.42 M | $135.00 M | $21.64 M | |||
630 KEEP 630Keep Network | $0.02238 | −0.03% | 5.28% | −18.03% | $21.60 M | $22.38 M | $4,144.82 | |||
647 AUCTION 647Bounce | $3.00 | −5.05% | −5.05% | −22.19% | $20.79 M | $23.08 M | $5.42 M | |||
684 WAXP 684WAX | $0.00399 | −4.54% | −5.12% | −36.03% | $18.80 M | $18.85 M | $601,403.95 | |||
688 BANK 688Lorenzo Protocol | $0.0242 | −2.43% | −5.98% | −15.41% | $18.78 M | $50.76 M | $2.97 M | |||
712 ONE 712Harmony | $0.001082 | −2.59% | −6.01% | −53.40% | $17.78 M | $28.45 M | $1.32 M | |||
767 POKT 767Pocket Network | $0.006546 | −6.90% | −10.20% | −26.32% | $15.55 M | $15.56 M | $348,478.00 | |||
821 ULT 821Shardus | $0.03116 | −11.23% | −0.94% | −18.50% | $13.70 M | $31.16 M | $20.84 | |||
841 STG 841Stargate Finance | $0.1414 | −10.64% | 5.46% | −22.12% | $13.11 M | $141.40 M | $117,910.93 | |||
849 TOKAMAK 849Tokamak Network | $0.2936 | −3.82% | 0.59% | −22.31% | $12.87 M | $31.04 M | $103,270.00 | |||
867 META 867Metadium | $0.007185 | −3.89% | −6.06% | −18.58% | $12.56 M | $14.37 M | $66,959.00 | |||
992 HYPER 992Hyperlane | $0.0572 | −5.66% | 2.16% | −22.98% | $10.02 M | $56.89 M | $1.97 M | |||
1021 LAVA 1021Lava Network | $0.01495 | 0.78% | 6.47% | 19.67% | $9.47 M | $14.27 M | $419,702.78 | |||
1025 WAN 1025Wanchain | $0.0471 | −8.17% | −10.14% | −17.23% | $9.39 M | $9.39 M | $354,972.05 | |||
1117 PACT 1117PACT | $0.0001985 | −0.85% | 11.47% | 23.01% | $7.77 M | $24.81 M | $70,383.96 | |||
1121 SD 1121Stader | $0.101 | −7.36% | −9.13% | −15.11% | $7.74 M | $12.10 M | $711,811.00 | |||
1139 SAGA 1139Saga | $0.01608 | −6.68% | −0.69% | −35.11% | $7.48 M | $17.91 M | $2.35 M | |||
1149 REP 1149Augur [OLD] | $0.6687 | −7.21% | −7.17% | 11.08% | $7.36 M | $7.36 M | $16,654.12 | |||
1225 RBNT 1225Redbelly Network | $0.002126 | −6.78% | 40.20% | −15.42% | $6.42 M | $21.26 M | $66,257.18 | |||
1290 TURTLE 1290Turtle | $0.0365 | −0.24% | 14.95% | −14.71% | $5.65 M | $36.68 M | $496,816.96 | |||
1351 TREE 1351Treehouse | $0.0315 | −6.64% | −5.65% | −32.43% | $4.92 M | $31.61 M | $3.02 M | |||
1385 LOAN 1385Proton Loan | $0.0002544 | −3.80% | 0.41% | −26.89% | $4.68 M | $9.81 M | $67,017.00 | |||
1457 FLX 1457SEDA Protocol | $0.01645 | −2.31% | −2.54% | −16.99% | $4.13 M | $16.47 M | $412,813.83 | |||
1480 LQ 1480Liqwid Finance | $0.199 | −8.47% | −5.01% | −52.35% | $4.01 M | $4.18 M | $3,081.71 | |||
1498 HOPR 1498HOPR | $0.0113 | −10.45% | −7.61% | −18.40% | $3.86 M | $4.46 M | $23,118.10 | |||
1639 NUTS 1639Thetanuts Finance | $0.0009598 | −0.78% | 4.50% | −2.09% | $3.03 M | $9.60 M | $25,891.00 | |||
1697 BOSON 1697Boson Protocol | $0.01614 | 0.88% | −2.40% | −25.86% | $2.75 M | $3.23 M | $51,526.70 | |||
1738 NLS 1738Nolus | $0.002918 | −1.52% | −19.74% | −21.91% | $2.61 M | $2.69 M | $63,004.72 | |||
1748 KDA 1748Kadena | $0.007583 | −6.28% | −13.89% | −21.96% | $2.54 M | $7.58 M | $3,621.38 | |||
1755 VAL 1755Validity | $0.4937 | −8.61% | −6.82% | −8.41% | $2.52 M | $2.52 M | $40,361.00 | |||
1879 SCOR 1879Scor | $0.006503 | −0.53% | −1.74% | −25.00% | $2.06 M | $26.01 M | $16,130.09 | |||
1888 NUM 1888Numbers Protocol | $0.00225 | −0.84% | −5.65% | −11.50% | $2.03 M | $2.06 M | $60,343.00 | |||
1982 HNS 1982Handshake | $0.002605 | −10.75% | 11.37% | −70.83% | $1.77 M | $1.77 M | $72.96 | |||
1996 AGENC 1996AgenC | $0.001712 | −2.76% | −4.06% | 170.24% | $1.71 M | $1.71 M | $183,673.00 | |||
1997 XEN 1997XEN Crypto | $0.0₇3713 | −10.63% | −8.16% | −33.07% | $1.71 M | $1.71 M | $75,012.58 | |||
1998 BNPL 1998BNPL Pay | $0.01827 | 0.11% | 5.12% | 5.76% | $1.70 M | $18.27 M | $86.17 | |||
2020 SIS 2020Symbiosis | $0.0172 | −2.03% | 0.25% | 0.48% | $1.67 M | $1.66 M | $55,169.88 | |||
2030 AURA 2030Aura Finance | $0.02293 | −0.64% | 23.60% | 0.46% | $1.64 M | $1.93 M | $11.54 | |||
2036 SPECTRA 2036Spectra | $0.003373 | −30.46% | 23.46% | −36.35% | $1.62 M | $1.49 M | $9,439.98 | |||
2111 AVT 2111Aventus | $0.2417 | −9.12% | −17.09% | −12.83% | $1.45 M | $2.42 M | $45,074.05 | |||
2154 INDY 2154Indigo Protocol | $0.08549 | −5.09% | −2.79% | −39.95% | $1.37 M | $2.99 M | $762.69 | |||
2205 FREYA 2205Freya Protocol | $0.002373 | 0.69% | 3.37% | 10.44% | $1.30 M | $1.30 M | $80.28 | |||
2348 ARC 2348Arc | $0.00117 | −9.53% | −7.37% | −45.38% | $1.08 M | $1.21 M | $53,329.00 | |||
2357 ZKP 2357Panther Protocol | $0.002269 | −9.07% | −6.38% | −11.18% | $1.06 M | $821,716.64 | $56,635.23 | |||
2388 XDB 2388XDB CHAIN | $0.0000592 | −17.99% | 37.48% | −20.72% | $1.02 M | $1.12 M | $201,849.51 | |||
2435 TRU 2435TrueFi | $0.000777 | −2.99% | −4.89% | −27.32% | $966,258.68 | $976,705.29 | $4,301.10 | |||
2444 SUDO 2444sudoswap | $0.03756 | −0.23% | 8.63% | −9.54% | $960,771.00 | $2.18 M | $39.80 | |||
2491 FIDU 2491Fidu | $0.02499 | −8.10% | −4.47% | −8.44% | $897,027.67 | $897,027.67 | $2.28 | |||
2535 UP 2535UnlockProtocolToken | $0.001525 | −9.45% | 73.04% | 69.22% | $846,922.26 | $1.53 M | $798.16 | |||
2554 MGP 2554Magpie | $0.001449 | −4.06% | 1.21% | −24.83% | $833,544.17 | $1.45 M | $1,850.12 | |||
2601 NPT 2601Neptune Cash | $0.1698 | −5.59% | −31.97% | 13.23% | $781,071.51 | $1.68 M | $1,821.60 | |||
2643 AJNA 2643Ajna Protocol | $0.0009438 | −14.37% | −14.58% | −49.60% | $745,710.39 | $936,998.84 | $261.14 | |||
2806 EXA 2806Exactly Protocol | $0.1157 | −0.87% | −5.23% | −23.25% | $627,321.84 | $1.16 M | $2,425.25 | |||
2855 CARD 2855Cardstack | $0.0001983 | −5.41% | 6.75% | −16.39% | $594,763.51 | $1.19 M | $25,179.00 | |||
2857 THINK 2857THINK Protocol | $0.0005941 | −9.15% | −2.94% | −10.56% | $594,100.00 | $594,100.00 | $185.24 | |||
2897 EMP 2897Empyreal | $1.88 | −14.10% | −11.09% | −33.88% | $565,800.00 | $565,800.00 | $334.85 | |||
2907 PAL 2907Paladin | $0.01236 | −0.41% | 10.51% | 4.12% | $560,972.45 | $618,000.00 | $1.70 | |||
2932 WARD 2932Warden | $0.002165 | 3.15% | −39.27% | −34.29% | $541,942.80 | $2.17 M | $519,287.85 | |||
3065 SHFT 3065Shyft Network | $0.000201 | −2.49% | −3.95% | −16.34% | $469,347.62 | $506,520.00 | $392.03 | |||
3160 GET 3160GET Protocol | $0.0366 | 0.00% | 7.97% | −23.21% | $416,810.23 | $855,297.10 | $4.43 | |||
3226 KIMA 3226Kima Network | $0.001884 | −30.67% | −43.34% | −50.73% | $393,344.62 | $395,640.00 | $172.19 | |||
3310 3310 Superfluid | $0.003511 | −4.08% | −3.75% | −5.71% | $358,948.79 | $3.51 M | $44,006.56 | |||
3346 USDFI 3346USDFI | $0.3474 | −5.15% | 3.39% | −0.84% | $347,400.00 | $347,400.00 | $68.76 | |||
3411 NCT 3411Toucan Protocol: Nature Carbon Tonne | $0.2296 | −7.50% | 6.29% | 0.36% | $324,607.67 | $324,607.67 | $1.91 | |||
3463 PKT 3463PKT | $0.00007332 | −7.67% | −35.55% | −45.25% | $311,272.14 | $347,068.74 | $1.19 | |||
3620 FIO 3620FIO Protocol | $0.0002862 | −11.06% | −14.95% | −41.74% | $265,123.28 | $282,602.03 | $919.18 | |||
3710 PITCH 3710Pitch | $0.2602 | −7.49% | 1.54% | −18.02% | $243,533.35 | $243,533.35 | $23,553.00 | |||
3820 XI 3820Xi Token | $0.0005202 | −17.67% | 2.43% | −43.85% | $219,004.19 | $520,199.99 | $893.17 | |||
3829 HOOK 3829Hooked Protocol | $0.0006156 | −11.73% | −78.38% | −83.49% | $223,924.02 | $297,600.00 | $11,658.01 | |||
3836 PINE 3836Pine | $0.001079 | −4.48% | −1.70% | −41.44% | $215,341.42 | $215,800.00 | $153.63 | |||
3907 VALAS 3907Valas Finance | $0.00009196 | −4.24% | −0.20% | −11.27% | $201,952.56 | $275,880.00 | $6.66 |
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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.