BTC$82,082+0.65% ETH$2,420-0.68% USDT$0.9990+0.01% BNB$722.78+0.27% XRP$1.30-0.59% USDC$0.9996+0.00% SOL$104.06-0.73% TRX$0.3331-0.76% FIGR_HELOC$1.07+3.20% ZEC$1,135-3.66% HYPE$79.08-0.88% DOGE$0.0794-1.20% XMR$585.29+5.76% USDS$0.9997+0.00% WBT$80.29+0.35% LINK$12.02-1.71% LEO$9.03-0.10% ADA$0.2209-1.07% RAIN$0.009217+4.14% NEAR$4.97-3.31% XLM$0.1778-1.06% BCH$275.64+0.12% USDE$0.9993+0.01% LTC$59.30-0.34% UNI$7.30-0.54% DAI$1.00-0.01% AVAX$9.83-1.64% SUI$0.9875-1.69% CC$0.1012-2.01% USD1$0.9991+0.03% HBAR$0.0884+5.92% GRAM$1.35+0.34%
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 PoHVerifiable delay ordering

Proof of History

A timestamping technique used by Solana that creates a verifiable sequence of events before validators vote on them.

A leader runs a continuous chain of SHA-256 hashes where each output can only be produced after the previous one, so the length of the chain is evidence that time passed. Transactions and events are inserted into that sequence, which means validators do not have to exchange messages to agree on ordering before they can vote, removing a large part of the communication cost of consensus. Solana pairs this with a stake-weighted voting protocol that decides which fork is canonical, so proof of history handles ordering while consensus handles agreement. Readers meet the term mainly in explanations of why Solana targets very short block times.

In practice

Because the hash sequence is sequential by construction, any observer can verify that events were recorded in a particular order without trusting the leader's clock.

The common misunderstanding

Proof of history is not a consensus mechanism on its own; it orders events, while a separate stake-weighted vote decides which chain is canonical.

02

Related terms

Block Time The average time between blocks on a network, which sets how often new transactions get their first…
Consensus Mechanism The rule set that lets many independent computers agree on one shared history without trusting each…
Hash Function A one-way function that turns any data into a fixed-length fingerprint, where the same input always…
Proof of Stake A system where the right to propose and approve blocks goes to participants who lock up the…
Validator A participant in a proof-of-stake network that proposes and approves blocks, backed by a deposit…
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