Protocol
0.61%
−0.00%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
18 CC 18Canton | $0.134 | −3.58% | 0.92% | −17.92% | $5.25 B | $5.25 B | $12.53 M | |||
26 HBAR 26Hedera | $0.06787 | 0.25% | −3.57% | −17.03% | $2.97 B | $3.39 B | $27.58 M | |||
47 SKY 47Sky | $0.06065 | −3.14% | 4.43% | 5.01% | $1.41 B | $1.42 B | $11.01 M | |||
61 ENA 61Ethena | $0.085 | 0.63% | 11.63% | −0.88% | $815.45 M | $1.28 B | $78.21 M | |||
66 QNT 66Quant | $64.21 | −0.79% | −3.19% | −10.23% | $776.40 M | $957.02 M | $4.82 M | |||
107 GNO 107Gnosis | $114.77 | −5.20% | 6.02% | 6.44% | $301.43 M | $342.59 M | $4.89 M | |||
113 BTT 113BitTorrent | $0.0₅27 | −0.90% | 1.14% | 1.40% | $266.50 M | $266.50 M | $2.41 M | |||
127 KITE 127Kite | $0.1213 | −4.93% | 7.49% | −35.72% | $218.70 M | $1.22 B | $20.24 M | |||
179 RIF 179RSK Infrastructure Framework | $0.1342 | 0.76% | 1.83% | 31.95% | $133.50 M | $133.50 M | $11.60 M | |||
181 AR 181Arweave | $1.98 | 0.16% | 0.82% | −2.02% | $130.58 M | $130.58 M | $2.87 M | |||
219 AB 219AB (prev. Newton) | $0.000993 | 0.32% | 0.33% | −7.06% | $97.84 M | $97.84 M | $522,070.00 | |||
225 EGLD 225MultiversX | $3.19 | −0.40% | 8.04% | 3.13% | $96.05 M | $96.06 M | $4.23 M | |||
247 COW 247CoW Protocol | $0.1473 | −0.05% | 7.19% | −7.03% | $85.33 M | $147.60 M | $2.85 M | |||
259 DRV 259Derive | $0.1352 | −8.12% | 21.24% | 32.22% | $78.07 M | $134.40 M | $3.88 M | |||
270 WAL 270Walrus | $0.03076 | −1.06% | −3.71% | −11.78% | $75.49 M | $153.65 M | $1.39 M | |||
280 ZRX 2800x Protocol | $0.0863 | −1.27% | −1.50% | −3.32% | $73.30 M | $86.40 M | $5.72 M | |||
346 SUPER 346SuperVerse | $0.0852 | −1.04% | −1.59% | −13.32% | $54.55 M | $85.21 M | $3.00 M | |||
353 SYN 353Synapse | $0.224 | −10.98% | −38.39% | 375.54% | $52.87 M | $55.98 M | $9.51 M | |||
415 APEX 415ApeX | $0.2896 | 4.76% | 4.77% | −1.73% | $42.28 M | $144.60 M | $1.38 M | |||
420 XYO 420XYO Network | $0.003049 | −1.84% | −0.39% | −16.08% | $42.08 M | $42.47 M | $5.07 M | |||
427 BANK 427Lorenzo Protocol | $0.0611 | 17.66% | 70.67% | 48.76% | $41.27 M | $73.47 M | $16.41 M | |||
435 PCI 435Paycoin | $0.03743 | −1.42% | 0.56% | −6.05% | $39.98 M | $71.12 M | $271,719.71 | |||
459 HUMA 459Huma Finance | $0.02165 | −2.63% | −5.04% | −10.41% | $37.44 M | $216.00 M | $7.09 M | |||
568 ACX 568Across Protocol | $0.04154 | 0.44% | −2.56% | 0.11% | $29.26 M | $41.53 M | $1.47 M | |||
608 OCEAN 608Ocean Protocol | $0.1081 | −2.24% | −3.77% | 4.84% | $26.05 M | $152.42 M | $23,585.25 | |||
634 MVL 634MVL | $0.0008711 | 0.39% | −0.25% | −15.84% | $24.22 M | $26.13 M | $31,858.00 | |||
640 EUL 640Euler | $0.988 | −3.44% | −2.63% | −2.62% | $23.89 M | $26.89 M | $1.61 M | |||
650 RYZE 650Ryze | $0.08793 | −0.60% | −2.99% | −10.07% | $23.20 M | $33.83 M | $2,426.24 | |||
653 AUCTION 653Bounce | $3.33 | 0.00% | 0.00% | −13.51% | $23.04 M | $25.44 M | $5.33 M | |||
718 STG 718Stargate Finance | $0.1422 | 0.62% | −14.45% | −45.82% | $19.98 M | $141.80 M | $12.13 M | |||
754 ABT 754Arcblock | $0.1912 | −3.65% | −6.21% | −9.18% | $18.84 M | $35.56 M | $25,180.33 | |||
765 WAXP 765WAX | $0.00397 | −0.80% | −1.30% | −12.12% | $18.27 M | $18.28 M | $465,275.13 | |||
769 POKT 769Pocket Network | $0.007685 | −0.51% | −1.21% | −8.65% | $17.98 M | $18.26 M | $302,669.00 | |||
795 ONE 795Harmony | $0.00112 | −2.93% | −5.63% | −26.93% | $16.75 M | $16.75 M | $1.67 M | |||
818 ABEY 818Abey | $0.01519 | 0.33% | −0.26% | 2.29% | $15.88 M | $21.53 M | $20,492.86 | |||
825 TOKAMAK 825Tokamak Network | $0.3578 | −0.02% | 1.46% | −6.32% | $15.69 M | $37.71 M | $107,860.00 | |||
887 META 887Metadium | $0.007861 | 0.58% | 3.11% | −1.67% | $13.68 M | $15.72 M | $48,478.00 | |||
900 ULT 900Shardus | $0.03009 | −2.76% | 6.01% | 5.67% | $13.23 M | $30.09 M | $5.96 | |||
938 HYPER 938Hyperlane | $0.0701 | −1.99% | 5.50% | −7.70% | $12.28 M | $70.08 M | $11.40 M | |||
942 CACAO 942Maya Protocol | $0.1221 | −2.15% | 7.92% | 4.91% | $12.21 M | $12.21 M | $3.31 M | |||
1012 WAN 1012Wanchain | $0.05353 | −0.58% | 0.05% | −5.20% | $10.57 M | $10.57 M | $2.76 M | |||
1027 KEEP 1027Keep Network | $0.01883 | −2.79% | 16.00% | 3.57% | $10.35 M | $18.83 M | $4,127.20 | |||
1052 RBNT 1052Redbelly Network | $0.003703 | 0.54% | −1.05% | −2.67% | $9.85 M | $37.01 M | $89,796.70 | |||
1069 REP 1069Augur | $0.8695 | 0.92% | 11.16% | 11.13% | $9.56 M | $9.56 M | $7,936.16 | |||
1088 LAVA 1088Lava Network | $0.0166 | 3.80% | 2.24% | −6.88% | $9.26 M | $15.98 M | $288,885.61 | |||
1089 SILO 1089Silo Finance [OLD] | $0.1115 | 18869.03% | 18869.03% | 8148.60% | $9.18 M | $102.32 M | $6.34 | |||
1143 SD 1143Stader | $0.1126 | 2.14% | −3.41% | −19.94% | $8.13 M | $13.57 M | $953,646.00 | |||
1203 LOAN 1203Proton Loan | $0.0003938 | 0.46% | 5.68% | −6.85% | $7.25 M | $14.22 M | $108,813.00 | |||
1227 MAP 1227MAP Protocol | $0.00247 | −2.09% | −1.32% | 18.13% | $6.87 M | $10.70 M | $590,449.00 | |||
1233 TREE 1233Treehouse | $0.0434 | −0.13% | 2.55% | −7.14% | $6.79 M | $43.47 M | $13.61 M | |||
1270 FLX 1270SEDA Protocol | $0.02341 | 0.73% | −1.92% | −33.44% | $6.29 M | $23.41 M | $530,011.97 | |||
1318 HOPR 1318HOPR | $0.01656 | 0.70% | −2.60% | −15.83% | $5.65 M | $6.54 M | $66,247.02 | |||
1357 SAGA 1357Saga | $0.01262 | −0.74% | −2.03% | −9.78% | $5.22 M | $13.85 M | $2.80 M | |||
1358 TURTLE 1358Turtle | $0.03371 | −0.18% | −1.05% | −10.24% | $5.21 M | $33.71 M | $370,042.22 | |||
1464 PACT 1464PACT | $0.00013165 | −22.55% | 200.25% | 149.04% | $4.40 M | $16.47 M | $102,266.35 | |||
1488 BOSON 1488Boson Protocol | $0.02482 | 4.05% | −6.42% | −28.03% | $4.23 M | $4.96 M | $31,920.94 | |||
1541 SCOR 1541Scor | $0.01087 | −5.31% | −6.87% | −33.78% | $3.86 M | $43.48 M | $255,843.81 | |||
1556 LQ 1556Liqwid Finance | $0.187 | −0.99% | −2.57% | 17.06% | $3.77 M | $3.93 M | $62.66 | |||
1583 NUTS 1583Thetanuts Finance | $0.00113 | 0.05% | 1.80% | −3.09% | $3.57 M | $11.30 M | $16,704.25 | |||
1585 TICS 1585Qubetics | $0.01466 | −1.35% | −15.21% | −50.52% | $3.57 M | $19.96 M | $144,237.15 | |||
1678 FIDU 1678Fidu | $0.07831 | 0.22% | 11.00% | 4.63% | $3.04 M | $3.04 M | $552.16 | |||
1695 FREYA 1695Freya Protocol | $0.005391 | −6.08% | −0.85% | −4.00% | $2.96 M | $2.96 M | $18.64 | |||
1739 AVT 1739Aventus | $0.461 | −3.74% | −9.67% | 7.76% | $2.77 M | $4.61 M | $10,502.95 | |||
1809 VAL 1809Validity | $0.4849 | −6.33% | 2.83% | −2.28% | $2.47 M | $2.48 M | $26,947.00 | |||
1936 EMP 1936Empyreal | $6.83 | −3.29% | −4.47% | 1.18% | $2.05 M | $2.05 M | $2,742.21 | |||
1944 SIS 1944Symbiosis | $0.02081 | −0.62% | 3.59% | −17.19% | $2.02 M | $2.02 M | $55,986.63 | |||
2006 NUM 2006Numbers Protocol | $0.002087 | 1.46% | −16.39% | −34.72% | $1.89 M | $1.92 M | $157,147.00 | |||
2037 KDA 2037Kadena | $0.005373 | −5.82% | −5.49% | −17.93% | $1.80 M | $5.37 M | $5,903.90 | |||
2104 HOOK 2104Hooked Protocol | $0.004693 | −4.71% | −5.98% | −28.40% | $1.66 M | $2.35 M | $89,641.03 | |||
2105 INDY 2105Indigo Protocol | $0.1034 | 0.50% | 5.46% | −11.37% | $1.66 M | $3.62 M | $952.21 | |||
2168 XEN 2168XEN Crypto | $0.0₇4205 | −5.96% | 3.20% | −34.74% | $1.55 M | $1.55 M | $67,884.65 | |||
2170 ZKP 2170Panther Protocol | $0.003635 | 0.21% | −3.83% | −18.31% | $1.55 M | $1.32 M | $66,396.20 | |||
2239 MULTI 2239Multichain | $0.09734 | 3.29% | 10.87% | 11.96% | $1.42 M | $9.73 M | $1,007.74 | |||
2263 SPECTRA 2263Spectra | $0.002904 | 1.09% | −5.40% | −23.01% | $1.38 M | $2.12 M | $516.71 | |||
2306 XDB 2306XDB CHAIN | $0.0000764 | 10.92% | −4.09% | −15.58% | $1.31 M | $1.44 M | $137,303.10 | |||
2427 AGENC 2427AgenC | $0.001138 | −0.56% | 27.16% | 91.77% | $1.14 M | $1.14 M | $77,307.00 | |||
2495 WARD 2495Warden | $0.004227 | −4.03% | −21.61% | −58.04% | $1.06 M | $4.23 M | $1.71 M | |||
2496 NLS 2496Nolus | $0.0012 | 2.74% | −40.93% | −65.63% | $1.06 M | $1.10 M | $38,494.38 | |||
2615 THINK 2615THINK Protocol | $0.001261 | −2.05% | 19.71% | −0.18% | $923,869.85 | $1.26 M | $14.65 | |||
2627 MGP 2627Magpie | $0.001603 | −0.16% | 2.94% | −20.85% | $911,053.66 | $1.60 M | $2,608.81 | |||
2703 HNS 2703Handshake | $0.00125 | 3.52% | 5.61% | −41.24% | $847,163.07 | $847,163.07 | $4,467.35 | |||
2721 2721 Superfluid | $0.008112 | −4.84% | −6.72% | −31.80% | $829,334.27 | $8.11 M | $6,579.66 | |||
2741 AURA 2741Aura Finance | $0.01135 | 0.38% | 8.77% | 14.20% | $810,547.02 | $955,316.61 | $4.29 | |||
2794 GET 2794GET Protocol | $0.0676 | −3.44% | 3.27% | −36.95% | $769,846.21 | $1.58 M | $25.14 | |||
2826 TRU 2826TrueFi | $0.0005669 | −3.47% | −15.91% | −40.85% | $748,397.08 | $757,229.43 | $47,710.13 | |||
2833 ARC 2833Arc | $0.0007975 | 3.34% | 22.02% | −2.73% | $735,788.88 | $821,425.00 | $3,674.51 | |||
2956 EXA 2956Exactly Protocol | $0.1249 | −3.04% | −0.19% | 21.07% | $649,481.30 | $1.25 M | $2.28 | |||
3012 CARD 3012Cardstack | $0.000201 | 10.56% | 1.84% | −14.05% | $602,861.65 | $1.21 M | $20,547.00 | |||
3036 SHFT 3036Shyft Network | $0.0002495 | −1.83% | 2.06% | −4.24% | $582,598.16 | $628,740.00 | $35.30 | |||
3073 PKT 3073PKT | $0.0001326 | 0.14% | 4.98% | 2.30% | $562,938.99 | $627,677.51 | $4.74 | |||
3094 EXRD 3094e-Radix | $0.0007994 | −0.50% | −6.59% | −31.95% | $553,586.31 | $553,586.31 | $10,224.76 | |||
3103 PAL 3103Paladin | $0.01208 | −2.46% | 5.31% | −5.87% | $548,264.34 | $604,000.00 | $11.98 | |||
3151 NOOK 3151Nookplot | $0.00000558 | −8.48% | −1.58% | −64.52% | $521,998.61 | $558,000.00 | $48,057.00 | |||
3257 SNTR 3257Sentre | $0.0004638 | −6.06% | −48.32% | −31.43% | $463,773.83 | $463,800.00 | $1,702.49 | |||
3278 AJNA 3278Ajna Protocol | $0.0005655 | −23.13% | −17.35% | −2.63% | $449,455.67 | $561,424.92 | $0.29 | |||
3330 DSM 3330Desmos | $0.004478 | 4.90% | 3.58% | −25.07% | $428,204.16 | $737,241.15 | $18.73 | |||
3375 UP 3375UnlockProtocolToken | $0.001474 | 0.77% | 47.36% | 81.03% | $411,258.43 | $1.47 M | $228.95 | |||
3378 KIMA 3378Kima Network | $0.006044 | 11.99% | 9.35% | 1.75% | $410,893.11 | $1.27 M | $457.61 | |||
3501 PINE 3501Pine | $0.001824 | −1.41% | 0.16% | −1.90% | $364,024.80 | $364,800.00 | $6.88 | |||
3514 UFI 3514PureFi | $0.00385 | 0.23% | 7.25% | −1.62% | $359,846.22 | $385,000.00 | $3.98 |
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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.