Protocol
0.60%
−0.00%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
24 CC 24Canton | $0.09805 | 0.66% | −3.86% | −19.03% | $3.92 B | $3.91 B | $7.86 M | |||
29 HBAR 29Hedera | $0.07153 | −0.82% | −7.65% | −30.61% | $3.17 B | $3.57 B | $28.56 M | |||
35 ENA 35Ethena | $0.1822 | −3.75% | −11.74% | −26.14% | $2.44 B | $2.73 B | $130.98 M | |||
37 QNT 37Quant | $199.12 | −0.31% | 3.58% | −21.38% | $2.40 B | $2.97 B | $40.38 M | |||
50 SKY 50Sky | $0.06747 | 0.41% | −2.64% | −19.46% | $1.58 B | $1.58 B | $5.84 M | |||
97 BTT 97BitTorrent | $0.0₅37 | 0.06% | −3.43% | −3.07% | $357.20 M | $347.55 M | $5.31 M | |||
110 KITE 110Kite | $0.1218 | 5.58% | 7.93% | −19.36% | $319.98 M | $1.22 B | $5.45 M | |||
118 GNO 118Gnosis | $104.13 | −1.24% | −7.29% | −12.47% | $274.85 M | $312.38 M | $629,512.38 | |||
139 AR 139Arweave | $3.09 | −2.15% | −9.37% | −27.54% | $203.39 M | $203.33 M | $2.61 M | |||
151 DRV 151Derive | $0.3216 | 0.68% | −10.70% | −17.35% | $186.85 M | $321.60 M | $2.17 M | |||
204 SUPER 204SuperVerse | $0.1726 | 3.24% | −4.46% | −20.26% | $112.74 M | $172.30 M | $9.36 M | |||
214 EGLD 214MultiversX | $3.39 | −0.28% | 4.87% | −25.20% | $105.41 M | $105.42 M | $1.15 M | |||
245 ZRX 2450x Protocol | $0.097 | −0.57% | −4.51% | −20.24% | $82.29 M | $97.13 M | $3.75 M | |||
257 WAL 257Walrus | $0.02926 | −2.92% | −14.84% | −14.24% | $76.58 M | $145.90 M | $1.31 M | |||
286 COW 286CoW Protocol | $0.1141 | −11.55% | −10.56% | −31.23% | $65.63 M | $114.10 M | $10.06 M | |||
287 RIF 287RSK Infrastructure Framework | $0.06419 | −2.67% | −8.22% | −20.92% | $64.19 M | $64.19 M | $7.05 M | |||
325 AB 325AB (prev. Newton) | $0.000522 | 0.07% | −1.58% | −13.82% | $51.59 M | $51.70 M | $608,688.00 | |||
348 HUMA 348Huma Finance | $0.02709 | −2.44% | 18.29% | −17.11% | $46.96 M | $273.70 M | $7.19 M | |||
383 XYO 383XYO Network | $0.003038 | 0.93% | −3.73% | −19.95% | $42.13 M | $42.32 M | $1.99 M | |||
397 ABEY 397Abey | $0.03838 | 1.07% | −2.25% | 28.15% | $40.27 M | $54.87 M | $11,185.84 | |||
416 PCI 416Paycoin | $0.03592 | −1.75% | −3.54% | −6.23% | $38.47 M | $68.25 M | $261,246.50 | |||
437 SYN 437Synapse | $0.156 | −0.84% | 3.12% | −16.80% | $36.82 M | $38.00 M | $3.50 M | |||
483 APEX 483ApeX | $0.2065 | −1.70% | −7.52% | −22.28% | $32.61 M | $103.25 M | $283,783.00 | |||
490 ACX 490Across Protocol | $0.04339 | 3.43% | −4.24% | 3.55% | $31.48 M | $43.39 M | $139,519.00 | |||
541 OCEAN 541Ocean Protocol | $0.1198 | −3.07% | −7.05% | −20.70% | $28.96 M | $168.92 M | $42,605.57 | |||
564 ABT 564Arcblock | $0.2768 | −0.69% | 4.96% | −15.72% | $27.28 M | $51.48 M | $33,358.77 | |||
567 EUL 567Euler | $1.11 | −1.70% | −7.46% | −17.78% | $26.89 M | $30.34 M | $3.32 M | |||
568 CT 568Concrete Protocol | $0.142 | 0.74% | −16.98% | −70.69% | $26.99 M | $141.10 M | $13.47 M | |||
574 MVL 574MVL | $0.0009413 | −1.10% | −4.94% | −15.91% | $26.17 M | $28.24 M | $313,598.56 | |||
632 AUCTION 632Bounce | $3.27 | 1.02% | −2.67% | −10.41% | $22.62 M | $24.99 M | $4.64 M | |||
660 KEEP 660Keep Network | $0.02226 | 5.46% | −14.62% | −12.35% | $21.49 M | $22.26 M | $10,329.92 | |||
683 BANK 683Lorenzo Protocol | $0.026 | −0.78% | 9.44% | −16.79% | $20.18 M | $54.43 M | $2.57 M | |||
688 WAXP 688WAX | $0.00427 | −1.98% | −6.50% | −31.46% | $20.11 M | $20.04 M | $386,558.86 | |||
717 ONE 717Harmony | $0.001147 | −1.82% | −13.23% | −46.49% | $18.77 M | $30.11 M | $825,273.57 | |||
733 NFT 733NFT Protocol | $0.4728 | 54153.13% | 52559.55% | 46130.98% | $17.88 M | $42.03 M | $2.28 | |||
746 POKT 746Pocket Network | $0.007238 | −1.01% | −1.59% | −18.46% | $17.19 M | $17.19 M | $286,230.00 | |||
815 STG 815Stargate Finance | $0.16 | 3.54% | 1.61% | 2.20% | $14.84 M | $160.00 M | $18,727.17 | |||
856 TOKAMAK 856Tokamak Network | $0.3044 | −1.11% | −7.96% | −17.02% | $13.35 M | $32.18 M | $98,408.00 | |||
859 META 859Metadium | $0.007583 | 0.11% | −3.60% | −13.62% | $13.25 M | $15.17 M | $72,041.00 | |||
993 HYPER 993Hyperlane | $0.0599 | −3.96% | −4.76% | −17.26% | $10.49 M | $59.46 M | $3.22 M | |||
1046 WAN 1046Wanchain | $0.04697 | −5.31% | −18.19% | −19.05% | $9.36 M | $9.33 M | $372,370.96 | |||
1075 LAVA 1075Lava Network | $0.01395 | 4.33% | 15.10% | 10.48% | $8.80 M | $13.36 M | $97,207.78 | |||
1088 SD 1088Stader | $0.1133 | −6.45% | −0.73% | −6.32% | $8.68 M | $13.60 M | $253,745.07 | |||
1139 SAGA 1139Saga | $0.01662 | −1.33% | −6.45% | −33.70% | $7.73 M | $18.51 M | $1.12 M | |||
1176 REP 1176Augur [OLD] | $0.6679 | −2.99% | −19.69% | 175.64% | $7.35 M | $7.35 M | $122.45 | |||
1212 PACT 1212PACT | $0.0001911 | 0.05% | 12.90% | 34.71% | $6.88 M | $23.89 M | $3,064.48 | |||
1226 MAP 1226MAP Protocol | $0.00368 | 1.07% | −70.39% | −68.03% | $23.04 M | $10.45 M | $888,130.00 | |||
1316 RBNT 1316Redbelly Network | $0.001857 | 15.66% | 21.91% | −25.93% | $5.61 M | $18.56 M | $117,986.49 | |||
1325 TREE 1325Treehouse | $0.0351 | −2.46% | −5.13% | −22.83% | $5.48 M | $34.97 M | $2.82 M | |||
1331 TURTLE 1331Turtle | $0.03446 | 1.79% | −2.64% | −19.98% | $5.33 M | $34.46 M | $328,914.28 | |||
1381 LOAN 1381Proton Loan | $0.0002652 | 1.81% | 4.71% | −18.61% | $4.88 M | $10.21 M | $64,273.00 | |||
1424 LQ 1424Liqwid Finance | $0.2263 | −0.69% | −10.34% | −39.66% | $4.56 M | $4.75 M | $1,204.65 | |||
1489 FLX 1489SEDA Protocol | $0.01635 | 0.99% | −5.60% | −18.25% | $4.10 M | $16.35 M | $287,952.96 | |||
1496 HOPR 1496HOPR | $0.01191 | −2.62% | −4.01% | −9.25% | $4.06 M | $4.70 M | $3,983.00 | |||
1662 KDA 1662Kadena | $0.009094 | 0.98% | −2.82% | −9.33% | $3.05 M | $9.07 M | $1,024.16 | |||
1663 NUTS 1663Thetanuts Finance | $0.0009616 | 0.10% | 0.26% | 1.49% | $3.04 M | $9.62 M | $23,866.00 | |||
1719 BOSON 1719Boson Protocol | $0.01639 | −4.29% | −10.61% | −27.20% | $2.79 M | $3.28 M | $29,562.82 | |||
1758 NLS 1758Nolus | $0.00298 | −6.77% | −15.74% | −19.46% | $2.66 M | $2.75 M | $63,402.09 | |||
1762 VAL 1762Validity | $0.5192 | 0.48% | −6.99% | 1.94% | $2.65 M | $2.65 M | $8,762.86 | |||
1878 NUM 1878Numbers Protocol | $0.002359 | 1.31% | −21.77% | −7.05% | $2.13 M | $2.16 M | $76,650.00 | |||
1893 SCOR 1893Scor | $0.006566 | −0.84% | −3.47% | −23.83% | $2.08 M | $26.26 M | $178.24 | |||
1916 HNS 1916Handshake | $0.002955 | −5.60% | −40.88% | −65.15% | $2.00 M | $2.00 M | $67.15 | |||
1970 SPECTRA 1970Spectra | $0.003905 | 0.13% | 4.96% | −19.30% | $1.88 M | $1.72 M | $481.16 | |||
1971 AGENC 1971AgenC | $0.001874 | 9.92% | 147.50% | 246.24% | $1.87 M | $1.87 M | $133,012.00 | |||
1983 AURA 1983Aura Finance | $0.02583 | 14.07% | 9.34% | 15.75% | $1.84 M | $2.17 M | $310.21 | |||
2001 XEN 2001XEN Crypto | $0.0₇3803 | −0.07% | −0.10% | −32.73% | $1.75 M | $1.76 M | $72,123.53 | |||
2055 SIS 2055Symbiosis | $0.01711 | 0.00% | −2.02% | 2.77% | $1.66 M | $1.65 M | $53,357.90 | |||
2073 AVT 2073Aventus | $0.2685 | −0.53% | −16.92% | −4.41% | $1.61 M | $2.69 M | $11,543.58 | |||
2127 INDY 2127Indigo Protocol | $0.09257 | −1.25% | −21.98% | −19.77% | $1.49 M | $3.24 M | $478.24 | |||
2264 FREYA 2264Freya Protocol | $0.002309 | 1.04% | 0.18% | −3.05% | $1.27 M | $1.27 M | $0.5852 | |||
2327 ARC 2327Arc | $0.001253 | −7.40% | −6.48% | −49.92% | $1.16 M | $1.29 M | $55,431.00 | |||
2401 ZKP 2401Panther Protocol | $0.002386 | −0.29% | −4.17% | −6.99% | $1.04 M | $861,535.51 | $53,374.06 | |||
2449 XDB 2449XDB CHAIN | $0.0000574 | 34.22% | 0.34% | −18.63% | $987,146.26 | $1.09 M | $396,776.95 | |||
2451 MGP 2451Magpie | $0.001718 | 17.66% | 10.20% | −8.64% | $988,287.71 | $1.72 M | $1,569.45 | |||
2485 TRU 2485TrueFi | $0.0007618 | 1.37% | −5.84% | −16.25% | $947,356.32 | $957,598.57 | $1,630.60 | |||
2525 SUDO 2525sudoswap | $0.03444 | 0.72% | −5.94% | −16.19% | $880,962.55 | $2.00 M | $352.73 | |||
2580 UP 2580UnlockProtocolToken | $0.00149 | 7.58% | 121.92% | 81.60% | $827,433.84 | $1.49 M | $923.49 | |||
2583 NPT 2583Neptune Cash | $0.1798 | −14.32% | −27.99% | 46.06% | $820,005.58 | $1.76 M | $2,939.92 | |||
2586 AJNA 2586Ajna Protocol | $0.001035 | −0.43% | −0.94% | −37.01% | $817,780.82 | $1.03 M | $18.26 | |||
2728 WARD 2728Warden | $0.002799 | −0.41% | 16.11% | −7.18% | $700,645.68 | $2.80 M | $312,383.86 | |||
2740 KIMA 2740Kima Network | $0.003319 | 13.92% | 11.18% | −29.68% | $692,944.46 | $696,990.00 | $3.82 | |||
2782 CARD 2782Cardstack | $0.0002202 | 0.81% | 16.18% | −1.79% | $660,448.44 | $1.32 M | $26,661.00 | |||
2818 THINK 2818THINK Protocol | $0.0006282 | 2.43% | 10.56% | −33.89% | $628,200.00 | $628,200.00 | $38.83 | |||
2831 EXA 2831Exactly Protocol | $0.1149 | −5.98% | −10.75% | −18.35% | $621,142.27 | $1.15 M | $2,883.66 | |||
2837 EMP 2837Empyreal | $2.05 | 0.41% | 0.91% | −25.71% | $615,300.00 | $615,300.00 | $77.41 | |||
3036 SHFT 3036Shyft Network | $0.0002085 | −0.15% | −1.68% | −12.34% | $486,860.59 | $525,420.00 | $59.00 | |||
3075 PKT 3075PKT | $0.0001111 | 0.24% | −2.85% | −18.89% | $471,663.06 | $525,904.76 | $638.66 | |||
3256 3256 Superfluid | $0.003767 | 1.88% | −8.39% | −11.30% | $385,121.07 | $3.77 M | $13,099.38 | |||
3259 HOOK 3259Hooked Protocol | $0.001089 | −49.92% | −57.88% | −74.49% | $396,122.90 | $528,000.00 | $742,449.45 | |||
3266 USDFI 3266USDFI | $0.3817 | 7.57% | 5.94% | −6.55% | $381,700.00 | $381,700.00 | $13.01 | |||
3485 FIO 3485FIO Protocol | $0.000331 | −0.72% | −11.45% | −31.06% | $306,590.10 | $326,804.86 | $480.79 | |||
3527 XI 3527Xi Token | $0.0007055 | 0.18% | −8.01% | −25.70% | $297,015.50 | $705,500.00 | $9.34 | |||
3697 PITCH 3697Pitch | $0.2623 | 0.32% | −3.59% | −16.62% | $245,498.84 | $245,498.84 | $24,618.00 | |||
3818 PINE 3818Pine | $0.001112 | 1.22% | −17.19% | −39.88% | $221,927.40 | $222,399.99 | $20.00 | |||
3884 VALAS 3884Valas Finance | $0.00009532 | 1.38% | −4.01% | −7.42% | $209,331.43 | $285,960.00 | $58.57 | |||
3904 MUBI 3904MultiBit | $0.0002168 | 0.91% | −41.54% | 12.85% | $205,960.00 | $216,800.00 | $261.48 | |||
3955 LMR 3955Lumerin | $0.0003098 | −0.11% | −13.36% | −19.38% | $195,961.66 | $309,800.00 | $29.20 | |||
4145 COMAI 4145Commune AI | $0.001959 | 0.42% | −40.18% | −20.25% | $164,612.03 | $331,893.77 | $9.88 | |||
4209 MUSE 4209Muse DAO | $0.23 | 28.15% | −7.23% | −29.49% | $155,234.52 | $155,660.29 | $48.85 | |||
4234 NOOK 4234Nookplot | $0.00000154 | −1.90% | −10.92% | −35.42% | $152,576.38 | $154,000.00 | $25,280.00 |
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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.