Protocol
0.63%
0.02%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
22 CC 22Canton | $0.1349 | 4.26% | 21.11% | 16.03% | $5.35 B | $5.35 B | $25.17 M | |||
29 HBAR 29Hedera | $0.09309 | −1.06% | 13.80% | 21.07% | $4.08 B | $4.65 B | $60.26 M | |||
36 ENA 36Ethena | $0.271 | 4.24% | 32.28% | 96.97% | $2.74 B | $4.07 B | $373.23 M | |||
49 SKY 49Sky | $0.07718 | 1.30% | 11.99% | 13.69% | $1.81 B | $1.81 B | $18.67 M | |||
57 QNT 57Quant | $121.25 | 25.59% | 87.43% | 96.48% | $1.46 B | $1.80 B | $60.76 M | |||
110 KITE 110Kite | $0.1487 | 12.31% | 30.26% | 20.32% | $373.11 M | $1.49 B | $8.80 M | |||
111 BTT 111BitTorrent | $0.0₅37 | −1.31% | 10.62% | 29.50% | $365.20 M | $365.20 M | $11.42 M | |||
124 AR 124Arweave | $4.73 | 2.41% | 9.40% | 119.59% | $311.00 M | $311.00 M | $12.09 M | |||
127 GNO 127Gnosis | $116.06 | 1.00% | −2.37% | −3.72% | $306.34 M | $348.17 M | $857,953.00 | |||
143 DRV 143Derive | $0.4241 | −2.52% | 9.42% | 154.79% | $246.36 M | $424.10 M | $10.77 M | |||
193 EGLD 193MultiversX | $4.61 | 1.17% | 19.04% | 37.05% | $142.22 M | $142.24 M | $4.19 M | |||
207 SUPER 207SuperVerse | $0.2003 | 11.84% | 44.96% | 81.22% | $128.22 M | $200.30 M | $9.37 M | |||
233 ZRX 2330x Protocol | $0.1273 | 1.60% | 9.42% | 30.54% | $108.00 M | $127.30 M | $4.43 M | |||
254 WAL 254Walrus | $0.03675 | −1.40% | 12.71% | 59.30% | $94.22 M | $183.75 M | $4.81 M | |||
264 RIF 264RSK Infrastructure Framework | $0.0889 | 0.43% | 4.85% | 11.82% | $88.90 M | $88.90 M | $7.02 M | |||
270 COW 270CoW Protocol | $0.1527 | 1.57% | −1.85% | 29.98% | $87.98 M | $152.70 M | $2.80 M | |||
359 AB 359AB (prev. Newton) | $0.0006109 | −0.03% | 3.56% | −37.29% | $60.37 M | $60.37 M | $378,988.00 | |||
389 XYO 389XYO Network | $0.003835 | 5.31% | 6.71% | 13.53% | $53.18 M | $53.42 M | $2.20 M | |||
397 HUMA 397Huma Finance | $0.02958 | 10.39% | 21.71% | 21.50% | $51.27 M | $295.80 M | $10.64 M | |||
458 SYN 458Synapse | $0.1872 | −2.53% | −23.14% | 71.52% | $43.14 M | $44.51 M | $12.60 M | |||
465 PCI 465Paycoin | $0.03939 | −0.88% | 3.77% | 1.26% | $42.15 M | $74.84 M | $578,630.00 | |||
484 APEX 484ApeX | $0.2594 | 1.81% | 13.83% | −3.94% | $40.23 M | $129.70 M | $1.19 M | |||
489 OCEAN 489Ocean Protocol | $0.165 | −0.94% | −0.19% | 19.45% | $39.78 M | $232.65 M | $63,523.98 | |||
560 EUL 560Euler | $1.50 | 4.40% | 4.83% | 9.35% | $36.21 M | $40.96 M | $3.77 M | |||
579 ONE 579Harmony | $0.002293 | −9.44% | −42.92% | 211.89% | $34.46 M | $34.46 M | $15.44 M | |||
612 MVL 612MVL | $0.001166 | 4.11% | 8.62% | 35.76% | $32.42 M | $34.98 M | $98,209.00 | |||
629 ACX 629Across Protocol | $0.04283 | 0.12% | −1.51% | 5.87% | $30.91 M | $42.83 M | $87,505.00 | |||
636 WAXP 636WAX | $0.006585 | 7.68% | 23.88% | 62.17% | $30.33 M | $30.35 M | $38.26 M | |||
644 ABEY 644Abey | $0.02777 | 9.80% | 13.43% | 27.01% | $29.22 M | $39.41 M | $12,401.97 | |||
674 ABT 674Arcblock | $0.2786 | −1.38% | 35.59% | 38.00% | $27.46 M | $51.82 M | $201,392.71 | |||
683 AUCTION 683Bounce | $3.88 | 0.26% | 9.27% | 24.20% | $26.93 M | $29.65 M | $5.33 M | |||
694 KEEP 694Keep Network | $0.02737 | 2.20% | 20.54% | 52.08% | $26.42 M | $27.37 M | $5,244.99 | |||
696 BANK 696Lorenzo Protocol | $0.03392 | −2.12% | −10.05% | −4.07% | $26.32 M | $71.23 M | $37.04 M | |||
758 POKT 758Pocket Network | $0.009336 | 3.07% | 8.78% | 30.74% | $22.18 M | $22.18 M | $504,967.00 | |||
840 STG 840Stargate Finance | $0.1393 | 2.21% | −2.99% | −17.10% | $18.84 M | $139.30 M | $2.23 M | |||
882 TOKAMAK 882Tokamak Network | $0.3924 | 4.12% | 12.24% | 27.90% | $17.20 M | $41.48 M | $2.34 M | |||
906 ULT 906Shardus | $0.03791 | −0.20% | −9.82% | −4.57% | $16.66 M | $37.91 M | $6,162.34 | |||
931 META 931Metadium | $0.009067 | 1.00% | 8.97% | 16.28% | $15.81 M | $18.13 M | $120,497.00 | |||
988 SAGA 988Saga | $0.03171 | −13.35% | 29.48% | 111.53% | $13.99 M | $35.24 M | $72.03 M | |||
1019 HYPER 1019Hyperlane | $0.07548 | 0.21% | 3.99% | 18.15% | $13.22 M | $75.48 M | $1.65 M | |||
1106 WAN 1106Wanchain | $0.05657 | −0.62% | −4.14% | −1.89% | $11.26 M | $11.26 M | $272,777.22 | |||
1136 REP 1136Augur [OLD] | $0.962 | −12.56% | −10.44% | 49.21% | $10.58 M | $10.58 M | $884.45 | |||
1160 SD 1160Stader | $0.1392 | 7.77% | 18.01% | 9.72% | $10.18 M | $16.70 M | $337,730.78 | |||
1233 MAP 1233MAP Protocol | $0.001449 | −54.46% | 12.85% | 16.25% | $9.06 M | $14.05 M | $710,903.00 | |||
1276 LAVA 1276Lava Network | $0.01364 | 0.56% | −0.03% | −25.76% | $8.27 M | $13.06 M | $530,786.00 | |||
1320 LQ 1320Liqwid Finance | $0.3843 | 0.69% | 25.15% | 82.01% | $7.74 M | $8.07 M | $3,531.23 | |||
1332 TREE 1332Treehouse | $0.04861 | 2.63% | 9.47% | 27.71% | $7.59 M | $48.61 M | $3.02 M | |||
1352 RBNT 1352Redbelly Network | $0.002427 | −1.70% | 1.05% | −5.85% | $7.31 M | $24.27 M | $57,104.70 | |||
1401 TURTLE 1401Turtle | $0.04412 | 0.29% | 5.55% | 4.20% | $6.83 M | $44.12 M | $274,929.31 | |||
1431 LOAN 1431Proton Loan | $0.000354 | 0.61% | −4.87% | −13.74% | $6.52 M | $13.26 M | $66,785.00 | |||
1577 FLX 1577SEDA Protocol | $0.02023 | −2.82% | −0.59% | −6.87% | $5.08 M | $20.23 M | $460,028.90 | |||
1628 HOPR 1628HOPR | $0.01361 | 0.05% | 3.25% | 19.46% | $4.64 M | $5.37 M | $19,290.87 | |||
1665 PACT 1665PACT | $0.0001346 | −2.25% | −12.51% | −44.21% | $4.39 M | $16.83 M | $4,470.71 | |||
1732 KDA 1732Kadena | $0.01177 | 15.40% | 155.16% | 231.29% | $3.95 M | $11.77 M | $59,124.00 | |||
1797 BOSON 1797Boson Protocol | $0.02046 | 2.93% | 2.60% | −3.51% | $3.49 M | $4.09 M | $18,813.31 | |||
1823 NLS 1823Nolus | $0.003743 | 0.00% | −1.27% | 48.49% | $3.33 M | $3.45 M | $61,289.23 | |||
1846 SCOR 1846Scor | $0.009098 | −0.32% | −1.74% | −26.16% | $3.23 M | $36.39 M | $45.39 | |||
1854 SPECTRA 1854Spectra | $0.006643 | 11.62% | 37.38% | 56.14% | $3.19 M | $2.93 M | $14,083.69 | |||
1861 NUTS 1861Thetanuts Finance | $0.001005 | −1.09% | −2.06% | −5.93% | $3.17 M | $10.05 M | $22,790.00 | |||
1869 ARC 1869Arc | $0.003404 | 5.34% | 22.11% | 302.56% | $3.14 M | $3.51 M | $35,561.43 | |||
2025 VAL 2025Validity | $0.4933 | −5.27% | −3.25% | 2.75% | $2.52 M | $2.52 M | $19,150.08 | |||
2059 NUM 2059Numbers Protocol | $0.002681 | 19.72% | 23.64% | 8.96% | $2.42 M | $2.45 M | $51,804.54 | |||
2148 TICS 2148Qubetics | $0.00871 | −1.80% | −1.69% | −41.03% | $2.12 M | $11.86 M | $118,334.26 | |||
2164 INDY 2164Indigo Protocol | $0.1295 | −0.36% | 32.84% | 30.67% | $2.08 M | $4.53 M | $2,808.05 | |||
2206 AURA 2206Aura Finance | $0.02771 | 16.79% | −29.53% | −27.73% | $1.98 M | $2.33 M | $0.086072 | |||
2247 AJNA 2247Ajna Protocol | $0.002403 | 7.67% | −15.79% | 197.29% | $1.90 M | $2.39 M | $112.39 | |||
2266 XEN 2266XEN Crypto | $0.0₇436 | 0.46% | 8.78% | −19.20% | $1.84 M | $1.84 M | $85,057.95 | |||
2271 SIS 2271Symbiosis | $0.01879 | 3.05% | 3.61% | −16.14% | $1.82 M | $1.82 M | $46,984.00 | |||
2308 HNS 2308Handshake | $0.002552 | 19.80% | 53.15% | −9.07% | $1.73 M | $1.73 M | $7,929.20 | |||
2392 HOOK 2392Hooked Protocol | $0.004361 | −1.75% | 9.58% | −5.81% | $1.56 M | $2.18 M | $68,289.55 | |||
2519 FREYA 2519Freya Protocol | $0.002428 | 3.34% | −13.08% | −27.35% | $1.33 M | $1.33 M | $1,880.50 | |||
2554 AVT 2554Aventus | $0.214 | 1.96% | 13.34% | 10.98% | $1.28 M | $2.14 M | $39,221.36 | |||
2556 XDB 2556XDB CHAIN | $0.00007454 | −1.60% | −1.97% | −23.07% | $1.28 M | $1.41 M | $64,310.78 | |||
2570 ZKP 2570Panther Protocol | $0.00292 | 1.23% | −20.98% | 14.96% | $1.27 M | $1.06 M | $55,757.11 | |||
2702 MGP 2702Magpie | $0.001882 | −0.58% | −0.28% | −0.51% | $1.08 M | $1.88 M | $259.49 | |||
2713 SUDO 2713sudoswap | $0.04173 | −0.13% | 4.25% | 9.90% | $1.07 M | $2.42 M | $126.35 | |||
2747 TRU 2747TrueFi | $0.0008203 | 0.40% | −9.28% | −14.89% | $1.02 M | $1.03 M | $2,702.31 | |||
2872 THINK 2872THINK Protocol | $0.0008879 | 19.97% | 5.96% | −32.16% | $887,900.00 | $887,900.00 | $3,037.02 | |||
2934 WARD 2934Warden | $0.003383 | 18.99% | 29.18% | 24.68% | $846,832.56 | $3.38 M | $578,441.82 | |||
2971 EMP 2971Empyreal | $2.72 | −16.24% | −1.72% | −54.53% | $816,600.00 | $816,600.00 | $269.05 | |||
3091 EXA 3091Exactly Protocol | $0.1321 | −1.42% | −7.34% | −15.40% | $717,764.12 | $1.32 M | $175.20 | |||
3159 CARD 3159Cardstack | $0.0002227 | 13.85% | 2.62% | 13.37% | $667,946.72 | $1.34 M | $34,247.00 | |||
3231 MULTI 3231Multichain | $0.04298 | −10.44% | 29.07% | −49.49% | $624,976.20 | $4.30 M | $163.24 | |||
3232 GET 3232GET Protocol | $0.0548 | −0.96% | 1.04% | −21.70% | $624,076.51 | $1.28 M | $67.34 | |||
3254 AGENC 3254AgenC | $0.0006058 | −4.67% | 4.39% | −16.14% | $605,770.91 | $605,770.91 | $35,719.00 | |||
3298 PKT 3298PKT | $0.0001356 | −1.77% | −0.24% | −9.73% | $575,675.16 | $641,878.36 | $837.64 | |||
3343 UP 3343UnlockProtocolToken | $0.0009887 | −6.25% | −38.18% | −35.99% | $547,058.63 | $988,699.99 | $796.74 | |||
3346 SHFT 3346Shyft Network | $0.0002332 | −0.29% | −1.76% | −10.58% | $544,536.64 | $587,664.00 | $37.15 | |||
3395 FIO 3395FIO Protocol | $0.0005579 | 8.83% | 25.09% | 80.31% | $516,237.10 | $550,309.04 | $10,948.21 | |||
3613 USDFI 3613USDFI | $0.4165 | −0.58% | 3.85% | 12.64% | $416,500.00 | $416,500.00 | $162.19 | |||
3645 3645 Superfluid | $0.003964 | −2.02% | −4.41% | −29.67% | $405,261.47 | $3.96 M | $10,196.28 | |||
3681 XI 3681Xi Token | $0.00093 | 2.44% | −2.79% | 15.62% | $391,530.00 | $930,000.00 | $35.76 | |||
3730 PINE 3730Pine | $0.001858 | 0.23% | 3.10% | 2.72% | $370,810.35 | $371,600.00 | $2.38 | |||
3837 EXRD 3837e-Radix | $0.0005146 | −2.57% | −6.24% | −43.63% | $338,103.68 | $338,103.68 | $1,951.66 | |||
3872 KIMA 3872Kima Network | $0.001575 | 5.85% | −18.40% | −32.61% | $328,804.56 | $330,750.00 | $9.11 | |||
3988 NOOK 3988Nookplot | $0.00000301 | −1.31% | 9.82% | −33.85% | $298,217.48 | $301,000.00 | $25,148.00 | |||
4015 OPAN 4015Opanarchy | $0.000293 | 6.31% | 2.91% | 75.03% | $292,891.97 | $292,891.97 | $5,864.34 | |||
4016 PITCH 4016Pitch | $0.3127 | −0.31% | 3.34% | 8.27% | $292,670.62 | $292,670.62 | $25,309.00 | |||
4241 LMR 4241Lumerin | $0.0003875 | −2.25% | −0.10% | −0.87% | $245,110.21 | $387,500.00 | $26.04 | |||
4246 ARIAIP 4246Aria | $0.0007328 | 2.11% | 17.01% | 28.81% | $244,022.40 | $732,800.00 | $9.91 |
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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.