Protocol
0.61%
−0.00%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
25 CC 25Canton | $0.09785 | −3.32% | −6.02% | −28.08% | $3.91 B | $3.90 B | $11.43 M | |||
30 HBAR 30Hedera | $0.07641 | −0.37% | −8.20% | −19.10% | $3.39 B | $3.83 B | $48.22 M | |||
34 ENA 34Ethena | $0.2075 | 0.40% | 11.93% | −23.08% | $2.78 B | $3.13 B | $300.15 M | |||
37 QNT 37Quant | $199.35 | 2.87% | 3.77% | 13.63% | $2.41 B | $2.97 B | $166.61 M | |||
53 SKY 53Sky | $0.06464 | −5.41% | −9.45% | −15.22% | $1.51 B | $1.52 B | $11.72 M | |||
97 BTT 97BitTorrent | $0.0₅37 | −1.52% | 0.89% | −0.22% | $357.20 M | $357.20 M | $5.91 M | |||
120 GNO 120Gnosis | $111.22 | 0.37% | −2.30% | −5.54% | $293.57 M | $335.30 M | $456,108.62 | |||
121 KITE 121Kite | $0.1129 | −0.17% | −8.16% | −27.05% | $289.94 M | $1.13 B | $6.38 M | |||
138 AR 138Arweave | $3.41 | 1.72% | −9.11% | −29.30% | $224.27 M | $224.53 M | $3.93 M | |||
151 DRV 151Derive | $0.3552 | 0.06% | −10.33% | −15.93% | $206.38 M | $353.30 M | $3.73 M | |||
212 SUPER 212SuperVerse | $0.1766 | −0.62% | −4.05% | −12.96% | $115.35 M | $177.00 M | $2.18 M | |||
230 EGLD 230MultiversX | $3.24 | 1.14% | −9.98% | −29.52% | $100.85 M | $100.65 M | $8.77 M | |||
240 WAL 240Walrus | $0.03416 | 0.95% | −10.32% | −8.81% | $89.41 M | $170.50 M | $5.25 M | |||
246 ZRX 2460x Protocol | $0.1027 | 2.28% | −5.02% | −19.80% | $87.13 M | $102.80 M | $3.87 M | |||
281 COW 281CoW Protocol | $0.1248 | −0.75% | −4.10% | −24.19% | $71.64 M | $124.80 M | $1.44 M | |||
289 RIF 289RSK Infrastructure Framework | $0.0683 | −1.24% | −7.64% | −23.61% | $68.30 M | $68.31 M | $7.64 M | |||
342 AB 342AB (prev. Newton) | $0.000529 | 0.08% | −0.61% | −14.64% | $52.28 M | $52.36 M | $342,521.00 | |||
402 SYN 402Synapse | $0.1891 | 22.08% | 3.93% | 4.40% | $44.62 M | $45.99 M | $8.35 M | |||
408 HUMA 408Huma Finance | $0.02521 | 6.18% | −11.09% | −16.74% | $43.70 M | $252.30 M | $43.69 M | |||
412 XYO 412XYO Network | $0.00312 | −0.32% | −3.66% | −14.71% | $43.27 M | $43.46 M | $3.48 M | |||
435 ABEY 435Abey | $0.03795 | −5.99% | −8.44% | 33.44% | $40.00 M | $53.76 M | $42,970.45 | |||
438 PCI 438Paycoin | $0.03675 | 2.11% | −0.57% | −5.75% | $39.36 M | $69.83 M | $275,863.97 | |||
480 CT 480Concrete Protocol | $0.1899 | 12.37% | −42.02% | −63.38% | $36.09 M | $187.40 M | $25.47 M | |||
485 APEX 485ApeX | $0.22 | 1.62% | −6.58% | −16.36% | $34.74 M | $110.30 M | $1.01 M | |||
500 ACX 500Across Protocol | $0.04575 | −2.67% | 3.70% | 6.64% | $33.17 M | $45.75 M | $148,999.00 | |||
553 OCEAN 553Ocean Protocol | $0.1265 | −1.04% | −4.73% | −21.96% | $30.55 M | $178.37 M | $37,067.12 | |||
564 EUL 564Euler | $1.24 | 2.25% | 10.71% | −17.68% | $29.90 M | $33.90 M | $1.87 M | |||
606 MVL 606MVL | $0.0009732 | −0.97% | 0.63% | −15.36% | $27.06 M | $29.20 M | $87,341.00 | |||
637 ABT 637Arcblock | $0.2549 | −0.01% | −9.28% | −17.30% | $25.12 M | $47.41 M | $32,052.45 | |||
644 POKT 644Pocket Network | $0.01023 | 36.28% | 46.74% | 21.95% | $24.30 M | $24.87 M | $25.83 M | |||
686 AUCTION 686Bounce | $3.28 | −0.91% | −4.93% | −16.07% | $22.70 M | $25.06 M | $4.06 M | |||
688 MAP 688MAP Protocol | $0.00361 | −0.82% | 11.76% | 13.84% | $22.60 M | $35.01 M | $173,694.27 | |||
703 KEEP 703Keep Network | $0.0226 | −4.06% | 5.30% | −19.65% | $21.81 M | $22.60 M | $3,640.76 | |||
705 BANK 705Lorenzo Protocol | $0.0282 | 19.51% | 7.77% | −19.77% | $21.88 M | $58.99 M | $35.83 M | |||
707 WAXP 707WAX | $0.00462 | 2.04% | −0.81% | −28.50% | $21.74 M | $21.65 M | $730,251.78 | |||
710 ONE 710Harmony | $0.00131 | 0.45% | −7.94% | −39.69% | $21.44 M | $34.31 M | $1.92 M | |||
918 META 918Metadium | $0.007724 | −2.76% | −2.28% | −12.41% | $13.48 M | $15.45 M | $97,950.00 | |||
923 TOKAMAK 923Tokamak Network | $0.3056 | −2.54% | −8.84% | −21.93% | $13.40 M | $32.31 M | $32,581.00 | |||
925 STG 925Stargate Finance | $0.1422 | −4.35% | −12.19% | 1.48% | $13.37 M | $142.20 M | $21,606.82 | |||
1004 WAN 1004Wanchain | $0.05658 | 1.87% | 0.69% | 0.03% | $11.28 M | $11.41 M | $140,062.99 | |||
1011 HYPER 1011Hyperlane | $0.0646 | 0.45% | 7.12% | −16.27% | $11.32 M | $64.34 M | $4.22 M | |||
1114 SD 1114Stader | $0.1204 | 8.28% | 2.71% | −8.08% | $9.22 M | $14.45 M | $466,759.71 | |||
1165 REP 1165Augur [OLD] | $0.7537 | −9.21% | 25.15% | −30.59% | $8.29 M | $8.29 M | $1,021.97 | |||
1176 SAGA 1176Saga | $0.01792 | 1.81% | −6.34% | −33.75% | $8.13 M | $20.02 M | $2.86 M | |||
1201 LAVA 1201Lava Network | $0.01237 | 0.69% | 13.44% | −8.74% | $7.76 M | $11.82 M | $398,627.23 | |||
1306 PACT 1306PACT | $0.0001788 | 3.54% | 6.59% | 32.35% | $6.44 M | $22.35 M | $30,861.32 | |||
1340 TREE 1340Treehouse | $0.0388 | 7.25% | 6.96% | −20.74% | $6.06 M | $38.60 M | $11.45 M | |||
1399 TURTLE 1399Turtle | $0.03492 | −1.11% | −5.03% | −21.85% | $5.40 M | $34.92 M | $248,647.50 | |||
1459 LQ 1459Liqwid Finance | $0.2414 | −4.79% | −9.00% | −38.15% | $4.86 M | $5.07 M | $2,198.80 | |||
1485 RBNT 1485Redbelly Network | $0.001556 | 6.75% | −1.16% | −36.10% | $4.70 M | $15.57 M | $67,819.14 | |||
1488 LOAN 1488Proton Loan | $0.0002546 | 0.59% | −2.55% | −27.71% | $4.69 M | $9.75 M | $63,325.00 | |||
1547 FLX 1547SEDA Protocol | $0.01706 | 1.61% | 1.31% | −16.25% | $4.28 M | $17.06 M | $379,238.92 | |||
1551 HOPR 1551HOPR | $0.01245 | 2.24% | 0.87% | −9.78% | $4.25 M | $4.91 M | $2,649.29 | |||
1668 KDA 1668Kadena | $0.010219 | 9.59% | −4.25% | −8.92% | $3.43 M | $10.22 M | $2,645.44 | |||
1711 NLS 1711Nolus | $0.00354 | −0.25% | −3.59% | −3.81% | $3.16 M | $3.29 M | $63,055.12 | |||
1741 BOSON 1741Boson Protocol | $0.01784 | 1.89% | −18.59% | −10.11% | $3.04 M | $3.57 M | $33,237.59 | |||
1744 NUTS 1744Thetanuts Finance | $0.0009602 | 0.08% | −1.66% | −4.57% | $3.03 M | $9.60 M | $32,147.00 | |||
1789 VAL 1789Validity | $0.5527 | −2.11% | 3.98% | 5.13% | $2.82 M | $2.82 M | $6,090.32 | |||
1796 HNS 1796Handshake | $0.004139 | 14.90% | −60.94% | 101.34% | $2.81 M | $2.81 M | $1,136.33 | |||
1849 NUM 1849Numbers Protocol | $0.002912 | −4.51% | −9.44% | −3.82% | $2.63 M | $2.65 M | $93,433.83 | |||
1980 SCOR 1980Scor | $0.006745 | −0.36% | −9.13% | −26.31% | $2.13 M | $26.98 M | $277.54 | |||
2045 AVT 2045Aventus | $0.3205 | −6.84% | −4.98% | 51.73% | $1.92 M | $3.21 M | $83,059.31 | |||
2055 AURA 2055Aura Finance | $0.02631 | −0.30% | 7.98% | −7.49% | $1.88 M | $2.21 M | $0.573 | |||
2056 INDY 2056Indigo Protocol | $0.1169 | −1.54% | −0.03% | −10.76% | $1.88 M | $4.09 M | $1,632.06 | |||
2099 SPECTRA 2099Spectra | $0.003653 | −0.62% | 0.63% | −45.29% | $1.75 M | $1.61 M | $4,024.61 | |||
2130 SIS 2130Symbiosis | $0.01734 | −0.14% | −3.56% | −7.71% | $1.68 M | $1.68 M | $59,407.50 | |||
2169 XEN 2169XEN Crypto | $0.0₇3471 | −8.95% | −21.31% | −18.63% | $1.61 M | $1.59 M | $82,377.46 | |||
2336 ARC 2336Arc | $0.001388 | 1.91% | 2.13% | −59.85% | $1.28 M | $1.43 M | $57,133.00 | |||
2346 FREYA 2346Freya Protocol | $0.0023 | −0.43% | −0.71% | −5.53% | $1.26 M | $1.26 M | $146.80 | |||
2428 NPT 2428Neptune Cash | $0.2497 | −0.04% | 4.10% | 56.07% | $1.13 M | $2.42 M | $6,461.94 | |||
2465 ZKP 2465Panther Protocol | $0.002461 | 1.27% | −5.13% | −14.77% | $1.07 M | $893,752.59 | $51,284.10 | |||
2515 TRU 2515TrueFi | $0.0008191 | 0.77% | −11.50% | −1.01% | $1.02 M | $1.03 M | $3,323.73 | |||
2528 XDB 2528XDB CHAIN | $0.0000618 | −3.99% | −3.31% | −22.12% | $1.06 M | $1.11 M | $99,068.54 | |||
2596 SUDO 2596sudoswap | $0.03602 | 0.12% | −3.18% | −13.63% | $921,378.37 | $2.09 M | $34.85 | |||
2607 HOOK 2607Hooked Protocol | $0.002507 | 0.39% | −24.15% | −39.40% | $905,651.80 | $1.25 M | $103,612.98 | |||
2630 MGP 2630Magpie | $0.001533 | −1.06% | −3.31% | −13.81% | $881,865.57 | $1.53 M | $1,135.84 | |||
2674 AGENC 2674AgenC | $0.0008464 | 13.97% | −25.77% | 36.51% | $846,341.63 | $846,341.63 | $67,434.00 | |||
2726 AJNA 2726Ajna Protocol | $0.001016 | −1.60% | −10.26% | −58.01% | $802,771.44 | $1.01 M | $3.07 | |||
2838 KIMA 2838Kima Network | $0.003359 | 12.73% | −12.78% | 118.20% | $701,295.71 | $705,390.00 | $12.38 | |||
2848 EXA 2848Exactly Protocol | $0.128 | −0.22% | −14.93% | −11.37% | $691,766.68 | $1.28 M | $38.80 | |||
2908 CARD 2908Cardstack | $0.0002145 | −0.05% | 15.94% | −5.35% | $643,352.36 | $1.29 M | $25,843.00 | |||
2967 WARD 2967Warden | $0.002395 | −0.11% | −11.75% | −28.79% | $599,516.40 | $2.40 M | $252,534.61 | |||
3012 THINK 3012THINK Protocol | $0.000575 | 2.01% | −3.40% | −34.21% | $575,000.00 | $575,000.00 | $345.19 | |||
3073 EMP 3073Empyreal | $1.75 | −12.64% | −20.90% | −41.09% | $525,300.00 | $525,300.00 | $182.32 | |||
3113 PAL 3113Paladin | $0.01118 | −0.76% | 9.80% | −17.84% | $507,416.83 | $559,000.00 | $90.16 | |||
3141 SHFT 3141Shyft Network | $0.0002126 | 0.07% | −1.53% | −9.54% | $496,434.34 | $535,752.00 | $31.01 | |||
3309 3309 Superfluid | $0.003984 | 3.40% | 15.35% | 0.76% | $407,306.18 | $3.98 M | $185,945.81 | |||
3419 UP 3419UnlockProtocolToken | $0.0006559 | −1.38% | −12.57% | −34.29% | $364,225.10 | $655,900.00 | $27.86 | |||
3421 XI 3421Xi Token | $0.000863 | 10.65% | 11.34% | −16.41% | $363,323.00 | $863,000.00 | $494.83 | |||
3448 USDFI 3448USDFI | $0.3561 | −0.04% | −3.23% | −4.38% | $356,100.00 | $356,100.00 | $25.14 | |||
3516 FIO 3516FIO Protocol | $0.0003737 | −3.09% | −12.23% | −33.14% | $346,084.34 | $361,996.64 | $161.43 | |||
3558 NCT 3558Toucan Protocol: Nature Carbon Tonne | $0.2294 | 0.37% | 0.04% | 1.08% | $324,324.91 | $324,324.91 | $0.9995 | |||
3601 RMRK 3601RMRK | $0.0344 | 232.26% | 192.29% | 112.20% | $312,728.63 | $344,000.00 | $39.47 | |||
3754 PINE 3754Pine | $0.001339 | −0.27% | −1.77% | −28.37% | $267,230.92 | $267,800.00 | $2.95 | |||
3822 PITCH 3822Pitch | $0.2681 | −0.25% | −3.58% | −15.09% | $250,927.33 | $250,927.33 | $24,514.00 | |||
3885 MUBI 3885MultiBit | $0.0002521 | −30.15% | 23.27% | 27.47% | $239,495.00 | $252,100.00 | $230.35 | |||
3947 CYPH 3947Cypher | $0.001669 | −0.06% | −7.47% | −10.06% | $225,787.99 | $1.67 M | $1.18 | |||
4038 LMR 4038Lumerin | $0.000327 | −5.29% | −17.51% | −15.48% | $206,841.39 | $327,000.00 | $929.55 | |||
4098 ELFI 4098ELYFI | $0.003853 | −0.65% | −4.37% | −7.71% | $196,154.36 | $385,300.00 | $32.73 | |||
4264 NOOK 4264Nookplot | $0.00000173 | 0.00% | 0.00% | −38.95% | $171,400.74 | $173,000.00 | $24,518.00 |
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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.
