Protocol
0.60%
−0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
19 CC 19Canton | $0.1263 | −6.25% | −14.49% | −20.07% | $4.93 B | $4.93 B | $16.08 M | |||
25 HBAR 25Hedera | $0.06944 | −1.97% | 0.16% | −14.94% | $3.04 B | $3.47 B | $37.68 M | |||
49 SKY 49Sky | $0.05304 | −4.84% | 1.00% | −8.34% | $1.24 B | $1.24 B | $14.73 M | |||
63 QNT 63Quant | $64.96 | −1.20% | −1.68% | −5.61% | $784.73 M | $967.29 M | $4.86 M | |||
71 ENA 71Ethena | $0.0735 | −3.75% | 1.85% | −15.67% | $701.87 M | $1.10 B | $51.08 M | |||
112 GNO 112Gnosis | $104.22 | −1.02% | −1.00% | 8.21% | $274.93 M | $312.47 M | $388,349.15 | |||
116 BTT 116BitTorrent | $0.0₅26 | 0.43% | 2.27% | −1.86% | $266.50 M | $266.50 M | $2.81 M | |||
135 KITE 135Kite | $0.1122 | −6.01% | 5.71% | −41.68% | $202.32 M | $1.12 B | $11.84 M | |||
181 RIF 181RSK Infrastructure Framework | $0.1348 | −3.80% | 56.05% | 104.49% | $135.10 M | $135.10 M | $14.01 M | |||
186 AR 186Arweave | $1.95 | −1.99% | −1.83% | 0.17% | $128.35 M | $128.35 M | $4.06 M | |||
225 SYN 225Synapse | $0.4241 | 10.55% | −21.46% | 905.88% | $99.24 M | $105.04 M | $26.66 M | |||
229 AB 229AB (prev. Newton) | $0.000981 | −1.23% | 1.04% | −11.97% | $97.59 M | $97.59 M | $280,419.98 | |||
255 EGLD 255MultiversX | $2.69 | −4.66% | 6.48% | −9.56% | $81.51 M | $81.52 M | $1.91 M | |||
264 COW 264CoW Protocol | $0.1355 | −5.34% | −6.63% | −4.19% | $78.40 M | $135.40 M | $2.71 M | |||
271 WAL 271Walrus | $0.03117 | −5.47% | 1.73% | −12.64% | $76.60 M | $155.90 M | $1.91 M | |||
293 ZRX 2930x Protocol | $0.0845 | −2.39% | 6.67% | −0.75% | $71.62 M | $84.42 M | $7.40 M | |||
310 DRV 310Derive | $0.1099 | −0.17% | −1.02% | −3.78% | $64.02 M | $110.20 M | $485,733.00 | |||
342 SUPER 342SuperVerse | $0.0857 | −2.93% | 1.28% | −9.36% | $54.82 M | $85.63 M | $3.04 M | |||
414 XYO 414XYO Network | $0.003089 | −2.59% | −0.26% | −13.30% | $42.63 M | $43.03 M | $6.89 M | |||
427 HUMA 427Huma Finance | $0.02357 | −5.04% | 6.21% | −2.77% | $41.03 M | $236.70 M | $13.28 M | |||
442 PCI 442Paycoin | $0.03672 | −1.60% | −1.34% | −7.53% | $39.22 M | $69.77 M | $230,614.74 | |||
454 APEX 454ApeX | $0.2764 | −1.64% | 1.83% | 7.79% | $38.31 M | $138.35 M | $1.42 M | |||
571 ACX 571Across Protocol | $0.0411 | −0.60% | −1.46% | −1.08% | $28.96 M | $41.10 M | $1.18 M | |||
594 OCEAN 594Ocean Protocol | $0.113 | −0.69% | 1.09% | 4.62% | $27.23 M | $159.33 M | $26,195.98 | |||
636 MVL 636MVL | $0.0008798 | 0.19% | 1.97% | −12.41% | $24.46 M | $26.39 M | $2.79 M | |||
640 RYZE 640Ryze | $0.0916 | −1.09% | 0.98% | −5.48% | $24.16 M | $35.24 M | $4,627.29 | |||
641 BANK 641Lorenzo Protocol | $0.0353 | −1.05% | −0.36% | −15.84% | $24.09 M | $42.89 M | $2.97 M | |||
651 AUCTION 651Bounce | $3.38 | 2.43% | 8.34% | −12.34% | $23.35 M | $25.78 M | $6.92 M | |||
652 EUL 652Euler | $0.967 | −6.41% | −1.08% | 6.58% | $23.33 M | $26.27 M | $1.56 M | |||
665 STG 665Stargate Finance | $0.1615 | −7.88% | −5.58% | −37.52% | $22.70 M | $161.10 M | $16.54 M | |||
720 ABT 720Arcblock | $0.2042 | −5.07% | 1.38% | −2.30% | $20.12 M | $37.98 M | $37,868.13 | |||
759 POKT 759Pocket Network | $0.00783 | −0.05% | 5.70% | −0.23% | $18.43 M | $18.72 M | $971,701.14 | |||
762 WAXP 762WAX | $0.003947 | −4.99% | −6.33% | −17.21% | $18.18 M | $18.19 M | $666,486.69 | |||
775 ONE 775Harmony | $0.001177 | −4.17% | −1.35% | −23.85% | $17.63 M | $17.63 M | $1.01 M | |||
820 ABEY 820Abey | $0.01549 | 0.32% | −2.58% | 0.98% | $16.20 M | $21.98 M | $20,898.45 | |||
845 TOKAMAK 845Tokamak Network | $0.3497 | −1.21% | 4.04% | −5.12% | $15.33 M | $36.77 M | $593,170.00 | |||
898 META 898Metadium | $0.007672 | −1.92% | 6.10% | −2.01% | $13.35 M | $15.34 M | $1.17 M | |||
942 ULT 942Shardus | $0.02792 | −2.40% | 9.00% | 3.50% | $12.27 M | $27.92 M | $4.00 | |||
952 HYPER 952Hyperlane | $0.0686 | −5.33% | −13.74% | −2.02% | $12.02 M | $68.58 M | $14.09 M | |||
988 CACAO 988Maya Protocol | $0.1113 | −0.83% | 9.89% | −4.93% | $11.13 M | $11.13 M | $1.77 M | |||
1009 WAN 1009Wanchain | $0.05364 | 0.12% | 4.49% | −1.21% | $10.67 M | $10.67 M | $3.68 M | |||
1026 RBNT 1026Redbelly Network | $0.003852 | −1.83% | 10.38% | 1.63% | $10.25 M | $38.53 M | $60,617.13 | |||
1093 LAVA 1093Lava Network | $0.01661 | −0.57% | −1.23% | −0.84% | $9.14 M | $15.94 M | $489,014.01 | |||
1105 REP 1105Augur | $0.805 | 0.15% | 4.61% | −12.68% | $8.86 M | $8.86 M | $2,136.71 | |||
1109 SD 1109Stader | $0.1228 | 1.70% | 9.13% | −17.63% | $8.83 M | $14.74 M | $845,295.13 | |||
1111 KEEP 1111Keep Network | $0.01599 | −1.16% | 2.97% | −15.28% | $8.79 M | $15.99 M | $397.06 | |||
1227 MAP 1227MAP Protocol | $0.00247 | 1.62% | 0.58% | 16.38% | $6.81 M | $10.61 M | $627,665.00 | |||
1235 LOAN 1235Proton Loan | $0.0003661 | −3.61% | 0.97% | 2.10% | $6.74 M | $13.12 M | $100,676.00 | |||
1262 FLX 1262SEDA Protocol | $0.0239 | 0.13% | 7.08% | −32.68% | $6.42 M | $23.89 M | $399,006.49 | |||
1278 TREE 1278Treehouse | $0.0401 | −5.19% | −1.32% | −9.91% | $6.23 M | $39.89 M | $1.74 M | |||
1325 HOPR 1325HOPR | $0.01681 | −1.10% | 4.95% | 0.97% | $5.73 M | $6.62 M | $62,535.94 | |||
1369 TURTLE 1369Turtle | $0.03401 | −4.16% | 4.08% | −8.18% | $5.26 M | $34.01 M | $594,906.98 | |||
1373 SAGA 1373Saga | $0.01258 | −6.08% | −4.06% | −8.71% | $5.22 M | $13.83 M | $3.59 M | |||
1446 SCOR 1446Scor | $0.01279 | −2.32% | −12.41% | −17.27% | $4.54 M | $51.16 M | $92,372.89 | |||
1465 BOSON 1465Boson Protocol | $0.02579 | −10.71% | −0.09% | −9.31% | $4.40 M | $5.16 M | $211,747.99 | |||
1478 TICS 1478Qubetics | $0.01768 | −5.71% | −5.40% | −47.68% | $4.30 M | $24.08 M | $134,570.96 | |||
1517 LQ 1517Liqwid Finance | $0.1964 | −3.22% | 17.82% | 39.20% | $3.96 M | $4.12 M | $3,483.15 | |||
1589 NUTS 1589Thetanuts Finance | $0.001123 | −2.12% | −3.19% | −5.00% | $3.55 M | $11.23 M | $29,028.00 | |||
1708 FREYA 1708Freya Protocol | $0.005409 | −1.00% | −7.03% | 4.47% | $2.97 M | $2.97 M | $281.35 | |||
1725 AVT 1725Aventus | $0.4792 | −5.99% | 26.11% | 12.48% | $2.88 M | $4.79 M | $72,726.82 | |||
1760 FIDU 1760Fidu | $0.07068 | 10.71% | 10.54% | −4.05% | $2.74 M | $2.74 M | $652.37 | |||
1835 VAL 1835Validity | $0.4786 | −4.00% | 8.58% | 3.24% | $2.44 M | $2.44 M | $4,614.87 | |||
1846 NUM 1846Numbers Protocol | $0.002668 | −11.44% | −4.43% | −16.03% | $2.39 M | $2.42 M | $109,873.00 | |||
1914 NLS 1914Nolus | $0.002486 | −2.35% | −22.17% | −30.71% | $2.19 M | $2.29 M | $55,718.55 | |||
1916 EMP 1916Empyreal | $7.26 | 0.06% | 19.13% | 4.44% | $2.18 M | $2.18 M | $549.43 | |||
1979 KDA 1979Kadena | $0.006 | −0.94% | −4.11% | −11.29% | $2.01 M | $6.00 M | $3,073.37 | |||
1985 SIS 1985Symbiosis | $0.02063 | −0.24% | 5.63% | 40.43% | $2.00 M | $2.00 M | $42,554.76 | |||
2113 HOOK 2113Hooked Protocol | $0.004898 | −4.96% | −1.27% | −23.01% | $1.71 M | $2.42 M | $187,949.47 | |||
2159 ZKP 2159Panther Protocol | $0.003789 | 0.26% | −2.28% | −23.85% | $1.61 M | $1.37 M | $72,541.15 | |||
2188 INDY 2188Indigo Protocol | $0.09665 | −5.34% | 1.38% | −3.92% | $1.55 M | $3.38 M | $50.02 | |||
2212 XEN 2212XEN Crypto | $0.0₇4095 | −5.70% | −12.65% | −14.70% | $1.48 M | $1.48 M | $80,579.47 | |||
2235 PACT 2235PACT | $0.00004362 | −3.33% | −5.85% | −21.11% | $1.44 M | $5.40 M | $7,346.81 | |||
2249 SPECTRA 2249Spectra | $0.003024 | −6.14% | 27.03% | 2.64% | $1.42 M | $2.21 M | $2,249.63 | |||
2317 WARD 2317Warden | $0.005282 | −21.41% | −34.38% | −32.86% | $1.32 M | $5.28 M | $1.72 M | |||
2371 MULTI 2371Multichain | $0.0857 | −1.46% | 3.44% | −2.82% | $1.25 M | $8.56 M | $797.77 | |||
2396 XDB 2396XDB CHAIN | $0.0000709 | 7.39% | 3.50% | −24.57% | $1.21 M | $1.33 M | $232,612.48 | |||
2575 HNS 2575Handshake | $0.001468 | 0.11% | −4.24% | −54.54% | $994,908.31 | $994,908.31 | $6,328.26 | |||
2620 SNTR 2620Sentre | $0.0009489 | −0.79% | 5.96% | 85.35% | $949,846.40 | $949,900.00 | $821.63 | |||
2625 TRU 2625TrueFi | $0.0007627 | −4.00% | −12.22% | 12.57% | $947,547.24 | $958,729.89 | $13,954.76 | |||
2640 AGENC 2640AgenC | $0.0009192 | −27.57% | 1.00% | 82.79% | $919,171.00 | $919,171.00 | $568,575.00 | |||
2665 2665 Superfluid | $0.008759 | −3.99% | 0.87% | −7.59% | $895,480.63 | $8.76 M | $8,369.75 | |||
2685 MGP 2685Magpie | $0.00153 | −2.79% | 2.62% | −23.94% | $869,564.63 | $1.53 M | $1,264.26 | |||
2781 AURA 2781Aura Finance | $0.0109 | 0.53% | −4.65% | 15.04% | $778,410.79 | $917,440.63 | $4.92 | |||
2797 GET 2797GET Protocol | $0.06746 | −25.51% | −23.51% | −20.84% | $768,251.86 | $1.58 M | $1,329.64 | |||
2820 THINK 2820THINK Protocol | $0.001025 | 2.86% | 4.66% | 25.35% | $750,964.79 | $1.03 M | $794.16 | |||
2919 EXRD 2919e-Radix | $0.0009652 | 12.70% | 20.84% | −14.67% | $668,301.99 | $668,301.99 | $13,358.82 | |||
2962 EXA 2962Exactly Protocol | $0.1235 | −2.64% | 44.84% | 31.24% | $638,344.67 | $1.24 M | $645.75 | |||
2966 NOOK 2966Nookplot | $0.0000068 | −24.11% | −47.37% | −58.84% | $636,127.34 | $680,000.00 | $88,518.00 | |||
3012 ARC 3012Arc | $0.00065 | −2.06% | 5.34% | −27.01% | $599,702.53 | $669,500.00 | $823.24 | |||
3020 CARD 3020Cardstack | $0.0001986 | −4.21% | −10.90% | −10.49% | $595,663.31 | $1.19 M | $16,735.57 | |||
3048 SHFT 3048Shyft Network | $0.0002465 | −1.63% | 1.48% | −4.38% | $575,592.97 | $621,179.99 | $38.55 | |||
3122 AJNA 3122Ajna Protocol | $0.0006746 | −4.01% | −2.22% | −4.69% | $536,167.63 | $669,738.74 | $12.56 | |||
3152 PAL 3152Paladin | $0.01148 | −0.03% | −1.87% | 0.70% | $521,032.67 | $574,000.00 | $54.55 | |||
3295 MUBI 3295MultiBit | $0.0004639 | −4.14% | −9.87% | −14.23% | $441,750.00 | $465,000.00 | $53,911.21 | |||
3397 DSM 3397Desmos | $0.004245 | −4.45% | 0.90% | −17.60% | $405,735.11 | $698,880.90 | $82.44 | |||
3474 BEAN 3474MineBean | $5.59 | −28.06% | −17.06% | −44.54% | $379,303.23 | $563,773.23 | $65,725.00 | |||
3527 PINE 3527Pine | $0.0018 | −0.83% | −0.10% | −1.83% | $357,919.93 | $360,000.00 | $22.34 | |||
3575 FIO 3575FIO Protocol | $0.000368 | −12.61% | −9.43% | 7.79% | $337,903.23 | $360,493.67 | $11,457.84 | |||
3582 UFI 3582PureFi | $0.003592 | −5.67% | 10.07% | 0.73% | $335,731.85 | $359,200.00 | $340.52 | |||
3583 KIMA 3583Kima Network | $0.004936 | 0.11% | −8.49% | 2.04% | $335,567.23 | $1.04 M | $288.62 |
- 1
Showing 1 — 100 out of 199
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.