BTC$82,009+0.37% ETH$2,406+0.44% USDT$0.9992-0.01% BNB$730.30+1.53% XRP$1.30+0.28% USDC$0.9999+0.00% SOL$105.04+1.33% TRX$0.3313-0.53% FIGR_HELOC$1.02— ZEC$1,154+3.37% HYPE$79.11+0.92% DOGE$0.0797+0.84% XMR$601.25+1.84% USDS$1.00+0.00% WBT$80.15+0.39% LINK$12.03+0.50% LEO$9.01-0.30% ADA$0.2183-0.37% NEAR$4.93-0.50% RAIN$0.008818-4.18% XLM$0.1776+0.28% BCH$279.46+2.38% USDE$0.9997+0.01% LTC$59.61+1.56% UNI$7.30+2.01% DAI$1.00+0.00% AVAX$9.62-0.40% CC$0.1046+3.94% SUI$0.9979+1.69% USD1$0.9989-0.04% GRAM$1.36+0.65% HBAR$0.0828-3.29%
Menu
Home
Assets
Coverage
All assetsEvery research file, largest firstSectorsWhat each category holds and weighsRankingsFourteen leaderboards and what they missHeat mapThe market sized by value, shaded by changeGlobal marketTotal capitalization, dominance and volume
Tools
ScreenerFilter by fundamentals, supply and riskCompare assetsResearch files side by sideSavedThe assets you have starred
Fundamentals
Economics
Fees & revenueWhat users pay, and who keeps itValue lockedCapital deposited in each networkExchange volumeTrading on decentralized exchanges
Networks
Network activityAddresses, transactions and throughputStablecoinsDollar tokens, where they live and what backs themStaking & yieldWhat securing a network pays, after issuance
Valuation
Standardized measures
Valuation ratiosPrice against fees and revenue, limits statedSupply & issuanceCirculating, maximum and the dilution aheadMetric definitionsEvery figure: definition, period, limitation
Institutional
Regulated access
Exchange-traded productsEvery US-listed fund, with a page eachCorporate treasuriesListed companies holding digital assets
Research
Analysis
Research notesShort notes written from stored figuresEvents calendarUpgrades, halvings and policy dates
Risk
Risk frameworkFifty factors in seven familiesSecurity incidentsExploits and failures, with the losses
Learn
Education
Learn libraryEleven tracks, from first principlesGlossaryEvery term in plain EnglishCalculatorsFee drag, dilution and conversion
How this site works
MethodologyHow every figure is measuredData sourcesWho publishes what we showData freshnessWhen each feed last ranAI agentsPrompts that keep an assistant on our dataPublic APIThe same figures, as JSON
News Ask the data About us
Reading options
Guided view

New to markets — prices, yields, market cap? We explain every term as you browse, in plain English. Same data, with the help built in.

Expert view

You already know the market. Just the data — clean, fast and compact, with no extra explanations. This is the default view.

View
Light or dark
Language
Photography PhotographyStill lifeCryptoStudio
Public API

Every figure on this site is available as JSON, with its period and source attached.

Read the API docs
Definition protocol foundationnon-profit foundation

Foundation

A legal entity, often a non-profit, created to hold assets and fund work on a blockchain protocol that no single company owns.

Foundations exist because open networks still need someone to sign employment contracts, hold trademarks, administer grants, and absorb legal exposure. They are commonly incorporated in jurisdictions with established non-profit or foundation law, and they typically hold a portion of the token supply set aside at launch. Their relationship to the network is funding and stewardship rather than control: a foundation can propose changes and pay developers, but a change only takes effect if node operators and validators run the software. That gap between influence and authority is a recurring source of tension, since a foundation holding a large allocation also holds substantial voting power, and some foundations deliberately wind down or distribute their holdings to reduce it.

In practice

Several major protocols have a foundation that publishes grant reports and token holdings while the network itself is operated by independent validators the foundation does not employ.

The common misunderstanding

A foundation does not control the blockchain; it can fund, propose, and publish, but consensus changes require independent operators to adopt them.

02

Related terms

Delegation Assigning your voting power or your stake to someone who acts on your behalf, while you keep…
Governance Token A token that lets holders vote on changes to a protocol, such as parameters, budgets, and upgrades.
Insider Allocation The share of a token's supply reserved at launch for the founding team, employees, advisors, and…
Treasury (Protocol) The pool of assets a protocol or its governing organization controls, used to fund development,…
Voting Power How much influence an address has in a governance vote, usually determined by tokens held or tokens…
03

Lessons that use it

Digital Asset DatabaseDigital asset research & education

Assets

All assetsSectorsRankingsHeat mapScreenerCompareSaved

Fundamentals

Fees & revenueValue lockedExchange volumeNetwork activityStablecoinsStaking & yield

Valuation & risk

Valuation ratiosSupply & issuanceMetric definitionsRisk frameworkSecurity incidents

Institutional

Exchange-traded productsCorporate treasuriesEventsResearch notesNews

Learn

Learn libraryGlossaryCalculatorsAsk the dataAI agentsPublic API

About

About usContactMethodologyData sourcesEditorial policyData freshness

Legal

DisclaimersTerms of usePrivacy policy