Protocol
0.60%
−0.02%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
19 CC 19Canton | $0.1252 | −6.52% | −15.19% | −19.31% | $4.89 B | $4.89 B | $15.28 M | |||
25 HBAR 25Hedera | $0.06946 | −2.53% | 0.22% | −15.08% | $3.04 B | $3.47 B | $27.73 M | |||
49 SKY 49Sky | $0.05282 | −5.09% | 1.03% | −8.14% | $1.23 B | $1.24 B | $14.64 M | |||
63 QNT 63Quant | $65.14 | −1.55% | 0.25% | −4.38% | $786.42 M | $969.37 M | $5.45 M | |||
70 ENA 70Ethena | $0.07333 | −3.74% | 2.55% | −16.11% | $701.10 M | $1.10 B | $47.53 M | |||
112 GNO 112Gnosis | $104.04 | −1.31% | −1.04% | 8.40% | $274.61 M | $312.11 M | $1.45 M | |||
116 BTT 116BitTorrent | $0.0₅27 | 0.09% | 2.37% | −0.67% | $266.50 M | $266.50 M | $2.78 M | |||
135 KITE 135Kite | $0.1118 | −6.47% | 3.86% | −41.70% | $201.24 M | $1.12 B | $11.93 M | |||
179 RIF 179RSK Infrastructure Framework | $0.1356 | −3.48% | 58.33% | 105.06% | $135.60 M | $135.60 M | $14.44 M | |||
187 AR 187Arweave | $1.94 | −2.77% | −2.79% | 0.04% | $127.96 M | $127.96 M | $4.05 M | |||
227 AB 227AB (prev. Newton) | $0.000989 | −1.26% | 0.87% | −11.56% | $97.74 M | $97.74 M | $272,727.50 | |||
231 SYN 231Synapse | $0.4074 | 13.55% | −19.47% | 949.70% | $95.96 M | $101.58 M | $26.22 M | |||
256 EGLD 256MultiversX | $2.67 | −5.58% | 6.54% | −10.71% | $81.02 M | $81.04 M | $1.86 M | |||
264 COW 264CoW Protocol | $0.1353 | −5.77% | −6.81% | −3.54% | $78.34 M | $135.30 M | $2.69 M | |||
272 WAL 272Walrus | $0.03127 | −5.52% | 1.57% | −13.49% | $76.70 M | $156.10 M | $1.91 M | |||
295 ZRX 2950x Protocol | $0.08399 | −3.04% | 6.47% | −1.72% | $71.26 M | $83.99 M | $7.43 M | |||
310 DRV 310Derive | $0.1111 | 0.24% | −1.00% | −2.26% | $64.54 M | $111.10 M | $487,334.00 | |||
343 SUPER 343SuperVerse | $0.08547 | −3.49% | 0.96% | −9.43% | $54.71 M | $85.47 M | $4.96 M | |||
411 XYO 411XYO Network | $0.003097 | −1.59% | 0.01% | −13.43% | $42.74 M | $43.14 M | $6.78 M | |||
429 HUMA 429Huma Finance | $0.02331 | −2.79% | 4.26% | −3.22% | $40.40 M | $233.10 M | $13.45 M | |||
438 PCI 438Paycoin | $0.03681 | −1.66% | −0.97% | −7.84% | $39.32 M | $69.94 M | $228,067.02 | |||
455 APEX 455ApeX | $0.2748 | −2.19% | 1.32% | 7.26% | $38.05 M | $137.40 M | $1.43 M | |||
570 ACX 570Across Protocol | $0.04109 | −1.03% | −1.56% | −0.98% | $28.95 M | $41.09 M | $1.22 M | |||
592 OCEAN 592Ocean Protocol | $0.113 | −0.71% | 0.98% | 5.66% | $27.23 M | $159.33 M | $26,244.49 | |||
635 RYZE 635Ryze | $0.09171 | −1.01% | 1.06% | −5.58% | $24.19 M | $35.28 M | $4,333.59 | |||
636 MVL 636MVL | $0.0008686 | 0.49% | 2.46% | −12.79% | $24.15 M | $26.06 M | $2.79 M | |||
646 BANK 646Lorenzo Protocol | $0.03466 | −1.91% | −2.00% | −17.74% | $23.60 M | $42.01 M | $2.91 M | |||
650 EUL 650Euler | $0.9682 | −6.96% | −0.96% | 6.98% | $23.38 M | $26.32 M | $1.56 M | |||
660 AUCTION 660Bounce | $3.32 | 0.29% | 6.41% | −13.42% | $22.98 M | $25.37 M | $6.63 M | |||
668 STG 668Stargate Finance | $0.159 | −8.17% | −7.67% | −35.61% | $22.41 M | $159.00 M | $16.66 M | |||
718 ABT 718Arcblock | $0.2048 | −4.73% | 1.56% | −1.49% | $20.18 M | $38.09 M | $37,699.36 | |||
757 POKT 757Pocket Network | $0.00795 | −0.25% | 6.91% | 0.98% | $18.55 M | $18.84 M | $968,230.37 | |||
762 WAXP 762WAX | $0.003939 | −5.45% | −6.24% | −17.27% | $18.14 M | $18.15 M | $847,656.12 | |||
775 ONE 775Harmony | $0.001175 | −4.91% | −1.38% | −24.06% | $17.60 M | $17.60 M | $1.02 M | |||
819 ABEY 819Abey | $0.01553 | 0.39% | −2.33% | 1.70% | $16.24 M | $22.04 M | $20,922.71 | |||
840 TOKAMAK 840Tokamak Network | $0.3493 | −1.42% | 3.95% | −4.59% | $15.31 M | $36.73 M | $595,412.00 | |||
897 META 897Metadium | $0.007612 | −2.53% | 5.31% | −1.70% | $13.24 M | $15.22 M | $1.16 M | |||
941 ULT 941Shardus | $0.02791 | −2.51% | 8.81% | 3.78% | $12.27 M | $27.91 M | $4.00 | |||
951 HYPER 951Hyperlane | $0.06839 | −5.46% | −13.59% | −2.45% | $11.98 M | $68.39 M | $13.88 M | |||
989 CACAO 989Maya Protocol | $0.1111 | −1.17% | 9.64% | −4.57% | $11.11 M | $11.11 M | $1.73 M | |||
1008 WAN 1008Wanchain | $0.05327 | 0.13% | 1.96% | −0.42% | $10.68 M | $10.68 M | $3.61 M | |||
1026 RBNT 1026Redbelly Network | $0.003855 | −1.72% | 8.26% | 1.69% | $10.25 M | $38.55 M | $60,223.49 | |||
1091 LAVA 1091Lava Network | $0.01661 | −0.81% | −1.25% | −1.18% | $9.15 M | $15.97 M | $496,579.13 | |||
1105 REP 1105Augur | $0.8053 | 0.13% | 4.56% | −12.64% | $8.86 M | $8.86 M | $2,137.56 | |||
1109 KEEP 1109Keep Network | $0.01599 | −1.22% | 2.80% | −13.20% | $8.79 M | $15.99 M | $397.06 | |||
1112 SD 1112Stader | $0.1219 | 0.86% | 8.53% | −16.28% | $8.73 M | $14.57 M | $832,609.40 | |||
1228 MAP 1228MAP Protocol | $0.001094 | 1.55% | 0.55% | 15.43% | $6.81 M | $10.61 M | $644,949.00 | |||
1230 LOAN 1230Proton Loan | $0.0003681 | −0.11% | 4.83% | 0.83% | $6.78 M | $13.19 M | $100,230.00 | |||
1264 FLX 1264SEDA Protocol | $0.02388 | 0.17% | 7.09% | −32.16% | $6.41 M | $23.88 M | $395,225.61 | |||
1280 TREE 1280Treehouse | $0.03982 | −5.69% | −1.28% | −10.71% | $6.22 M | $39.82 M | $1.74 M | |||
1319 HOPR 1319HOPR | $0.01688 | −2.47% | 4.47% | 2.74% | $5.76 M | $6.66 M | $62,246.70 | |||
1369 TURTLE 1369Turtle | $0.03398 | −4.32% | 4.55% | −8.07% | $5.26 M | $33.98 M | $590,331.25 | |||
1375 SAGA 1375Saga | $0.01249 | −6.48% | −3.06% | −8.61% | $5.20 M | $13.79 M | $3.55 M | |||
1443 SCOR 1443Scor | $0.0128 | −1.78% | −12.27% | −16.19% | $4.54 M | $51.20 M | $92,565.96 | |||
1444 BOSON 1444Boson Protocol | $0.02662 | −7.62% | 2.98% | −5.29% | $4.54 M | $5.32 M | $167,463.35 | |||
1490 TICS 1490Qubetics | $0.01719 | −6.13% | −6.18% | −47.88% | $4.18 M | $23.41 M | $134,611.47 | |||
1513 LQ 1513Liqwid Finance | $0.1968 | −3.73% | 18.03% | 41.93% | $3.96 M | $4.13 M | $3,515.59 | |||
1582 NUTS 1582Thetanuts Finance | $0.001127 | −2.19% | −2.92% | −4.73% | $3.56 M | $11.27 M | $27,344.00 | |||
1705 FREYA 1705Freya Protocol | $0.005431 | −0.88% | −7.10% | 4.05% | $2.98 M | $2.98 M | $282.74 | |||
1725 AVT 1725Aventus | $0.4794 | −0.57% | 26.11% | 10.97% | $2.88 M | $4.79 M | $73,918.62 | |||
1758 FIDU 1758Fidu | $0.07065 | 10.62% | 10.36% | −3.80% | $2.74 M | $2.74 M | $652.37 | |||
1832 VAL 1832Validity | $0.4793 | −4.06% | 10.27% | 3.38% | $2.44 M | $2.45 M | $4,624.95 | |||
1850 NUM 1850Numbers Protocol | $0.002648 | −8.51% | −2.96% | −14.22% | $2.39 M | $2.42 M | $115,887.00 | |||
1910 NLS 1910Nolus | $0.0025 | −1.69% | −21.81% | −30.18% | $2.20 M | $2.30 M | $55,846.68 | |||
1918 EMP 1918Empyreal | $7.26 | 0.01% | 18.43% | 4.26% | $2.18 M | $2.18 M | $549.43 | |||
1979 KDA 1979Kadena | $0.005994 | −1.90% | −4.25% | −9.86% | $2.01 M | $5.99 M | $3,106.51 | |||
1984 SIS 1984Symbiosis | $0.02061 | −0.35% | 5.67% | 40.08% | $2.00 M | $2.00 M | $42,592.02 | |||
2121 HOOK 2121Hooked Protocol | $0.004803 | −4.53% | −2.46% | −23.76% | $1.70 M | $2.40 M | $188,724.40 | |||
2160 ZKP 2160Panther Protocol | $0.00378 | −0.45% | −1.98% | −24.06% | $1.61 M | $1.37 M | $83,105.69 | |||
2183 INDY 2183Indigo Protocol | $0.09688 | −5.92% | 1.68% | −3.55% | $1.56 M | $3.39 M | $50.11 | |||
2226 XEN 2226XEN Crypto | $0.0₇4 | −6.88% | −13.40% | −11.77% | $1.45 M | $1.45 M | $82,196.50 | |||
2233 PACT 2233PACT | $0.00004362 | −0.67% | −3.31% | −21.08% | $1.44 M | $5.40 M | $7,535.36 | |||
2249 SPECTRA 2249Spectra | $0.003024 | −5.70% | 26.82% | 2.64% | $1.42 M | $2.21 M | $2,258.84 | |||
2317 WARD 2317Warden | $0.005264 | −21.37% | −34.94% | −32.52% | $1.32 M | $5.27 M | $1.75 M | |||
2337 MULTI 2337Multichain | $0.08891 | 4.02% | 7.42% | 3.30% | $1.29 M | $8.89 M | $823.51 | |||
2394 XDB 2394XDB CHAIN | $0.0000715 | 6.02% | 3.07% | −26.34% | $1.21 M | $1.33 M | $229,915.84 | |||
2570 HNS 2570Handshake | $0.001468 | −0.04% | −3.93% | −54.62% | $994,908.31 | $994,908.31 | $6,341.40 | |||
2607 AGENC 2607AgenC | $0.0009557 | −25.79% | 5.62% | 81.93% | $955,669.85 | $955,669.85 | $588,714.00 | |||
2625 TRU 2625TrueFi | $0.0007519 | −5.68% | −7.47% | 11.76% | $934,129.76 | $945,154.07 | $12,904.33 | |||
2656 SNTR 2656Sentre | $0.0008981 | −4.87% | 7.06% | 78.91% | $898,049.32 | $898,100.00 | $822.00 | |||
2667 2667 Superfluid | $0.008676 | −4.93% | 0.41% | −7.18% | $886,995.08 | $8.68 M | $8,040.75 | |||
2685 MGP 2685Magpie | $0.001526 | −3.23% | 2.04% | −23.69% | $867,291.26 | $1.53 M | $1,264.26 | |||
2781 AURA 2781Aura Finance | $0.0109 | 0.49% | −4.85% | 16.06% | $778,410.79 | $917,440.63 | $4.92 | |||
2793 GET 2793GET Protocol | $0.06743 | −25.57% | −23.57% | −20.63% | $767,910.21 | $1.58 M | $1,329.64 | |||
2818 THINK 2818THINK Protocol | $0.001024 | 2.80% | 4.58% | 25.18% | $750,232.14 | $1.02 M | $794.16 | |||
2901 CARD 2901Cardstack | $0.0002276 | 11.12% | 2.07% | 3.03% | $682,643.35 | $1.37 M | $19,144.31 | |||
2921 EXRD 2921e-Radix | $0.0009629 | 12.49% | 20.30% | −2.95% | $666,709.47 | $666,709.47 | $13,270.13 | |||
2941 NOOK 2941Nookplot | $0.00000689 | −23.24% | −47.11% | −57.76% | $644,546.67 | $689,000.00 | $90,037.00 | |||
2955 EXA 2955Exactly Protocol | $0.1235 | −1.31% | 44.77% | 29.61% | $638,332.36 | $1.24 M | $646.11 | |||
3007 ARC 3007Arc | $0.00065 | −1.82% | 4.80% | −26.65% | $599,702.53 | $669,500.00 | $836.37 | |||
3042 SHFT 3042Shyft Network | $0.0002469 | −1.51% | 1.61% | −4.14% | $576,527.00 | $622,188.00 | $45.58 | |||
3116 AJNA 3116Ajna Protocol | $0.0006742 | −3.93% | −3.85% | −6.81% | $535,849.71 | $669,341.62 | $12.56 | |||
3152 PAL 3152Paladin | $0.01148 | −0.01% | −1.87% | 1.10% | $521,032.67 | $574,000.00 | $54.55 | |||
3281 MUBI 3281MultiBit | $0.0004679 | −3.86% | −9.66% | −12.87% | $444,505.00 | $467,900.00 | $53,307.09 | |||
3394 DSM 3394Desmos | $0.004245 | −4.53% | 1.04% | −17.47% | $405,732.40 | $698,880.90 | $82.44 | |||
3502 BEAN 3502MineBean | $5.36 | −31.66% | −20.75% | −45.78% | $363,783.45 | $540,663.45 | $65,746.00 | |||
3521 PINE 3521Pine | $0.0018 | −2.10% | −1.39% | −2.97% | $357,919.93 | $360,000.00 | $22.34 | |||
3574 KIMA 3574Kima Network | $0.004943 | 0.09% | −7.87% | 2.11% | $336,043.12 | $1.04 M | $288.65 | |||
3579 UFI 3579PureFi | $0.003585 | −6.06% | 9.69% | 0.95% | $335,077.59 | $358,500.00 | $340.52 | |||
3607 FIO 3607FIO Protocol | $0.0003537 | −14.50% | −11.46% | 3.56% | $324,771.48 | $346,484.09 | $11,420.42 |
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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.