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Low float with dilution ahead

Less than half of total supply currently circulates and fully diluted valuation is at least twice market capitalization.

01

Starting points

twelve screens built for this asset class
Networks that collect real feesAssets whose network or protocol collected more than $10m in fees over the last twelve months, annualized from the trailing 30 days. Priced against protocol revenueAssets with measurable annualized protocol revenue, ranked by how many times that revenue their market capitalization represents. Far below the all-time high, still earning feesMore than 70% below the highest price ever recorded, and still collecting fees. Two facts held side by side; neither is a judgment. Low float with dilution aheadLess than half of total supply currently circulates and fully diluted valuation is at least twice market capitalization. Hard-capped supplyAssets with a maximum supply written into the protocol, so total issuance is bounded. Networks hosting stablecoin balancesChains with more than $100m of stablecoins issued on them — a demand-side measure that does not depend on the chain's own token. Staking networks with positive real yieldNetworks where the observed staking rate exceeds annual issuance, so a staker is not merely keeping pace with dilution. Held inside regulated productsAssets with at least one US-listed exchange-traded product whose dominant holding is the asset itself. More than a billion lockedChains and protocols with over $1bn of value locked, alongside what that value produces in fees. Least tied to bitcoinAssets whose daily returns over the last year correlate least with bitcoin's, among the larger part of the market. Busiest networks by active addressesNetworks where a source publishes daily active addresses, ranked by that figure. Most actively developedAssets with the most commits to their public repositories over the last four weeks.

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03

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162 assets match, capped at 250

Filters that depend on a metric only return assets that have that metric. An asset with no fee stream is absent from a fee screen because the figure does not exist for it, not because it scored badly.

#AssetPrice 7d1yMarket capFully diluted Fees ann.Revenue ann.Value locked MC / feesFee yieldReal yield From highVol 30d
1 HyperliquidHYPE $78.42 -1.09% +64.26% $17.44B $74.92B $5.95M $5.95M $2.36B 2,856× 0.04% — -19.95% 51%
2 WhiteBIT CoinWBT $77.44 -3.75% +78.80% $9.19B $22.71B — — — — — — -11.91% 26%
3 SuiSUI $0.9254 -7.19% -65.17% $3.81B $9.25B $2.24M $504,806 $471.07M 1,671× 0.06% — -82.69% 74%
4 MemeCoreM $0.9752 +40.16% -56.65% $2.24B $5.30B — — — — — — -82.72% 98%
5 OndoONDO $0.4207 -2.70% -44.27% $2.05B $4.21B $82.08M — $962.64M 23.8× 4.20% — -80.34% 83%
6 BitwayBTW $1.25 -31.99% — $1.89B $12.55B $4.11M $1.02M $36.43M 588.6× 0.17% — -54.87% 254%
7 AsterASTER $0.7115 +1.99% -39.53% $1.78B $5.54B — — — — — — -70.46% 53%
8 World Liberty FinancialWLFI $0.0539 -3.86% -63.46% $1.71B $5.39B $145.85M $145.85M — 11.5× 8.68% — -83.74% 42%
9 WorldcoinWLD $0.4488 -12.05% -52.00% $1.67B $4.49B $274,115 — $40.31M 5,937× 0.02% — -96.18% 124%
10 JupiterJUP $0.2845 -4.53% -34.55% $944.37M $1.95B $187.20M $49.86M $2.31B 4.9× 20.32% — -85.78% 96%
11 LighterLIT $3.17 +3.39% — $791.94M $3.11B $70.48M $58.89M $817.66M 11.0× 9.12% — -59.70% 3,718%
12 FilecoinFIL $0.9264 -9.33% -43.52% $776.68M $1.81B $1.01M $1.01M $2.62M 744.8× 0.13% — -99.61% 96%
13 AkedoAKE $0.0317 +6.74% +1,684.90% $723.78M $3.18B — — — — — — -78.36% 290%
14 LayerZeroZRO $1.73 -6.74% -3.33% $692.19M $1.73B $3.85M $2.32M $16.57B 173.3× 0.58% — -76.85% 111%
15 PearlPEARL $1.84 -1.49% — $658.83M $3.86B — — — — — — -25.38% 92%
16 Aerodrome FinanceAERO $0.6917 -11.02% -26.47% $579.56M $1.39B — — — — — — -70.15% 79%
17 RaydiumRAY $1.85 -3.01% -0.96% $499.07M $1.03B $219.53M $35.83M $1.14B 2.2× 45.05% — -89.02% 107%
18 Official TrumpTRUMP $1.70 -0.92% -72.37% $478.69M $1.70B — — — — — — -97.69% 146%
19 ​​StableSTABLE $0.0266 +11.69% — $478.35M $2.66B — — $27.95M — — — -38.53% 57%
20 PlasmaXPL $0.0748 -3.16% -81.61% $356.21M $748.16M $120,401 $120,401 $562.40M 2,854× 0.04% — -95.55% 98%
21 Falcon FinanceFF $0.1002 -2.41% -40.94% $334.91M $1.00B $2.40M — $1.72B 137.5× 0.73% — -87.01% 86%
22 UnibaseUB $0.1227 +4.53% +77.27% $306.97M $1.23B — — — — — — -49.60% 205%
23 Collector CryptCARDS $0.3263 +14.95% +102.61% $289.05M $644.13M $225.83M $225.83M — 1.2× 86.70% — -14.70% 216%
24 PieversePIEVERSE $1.05 -0.79% — $288.19M $1.05B — — — — — — -47.14% 107%
25 Quack AIQ $0.0598 -56.62% +100.16% $281.57M $598.21M — — — — — — -71.66% 130%
26 KiteKITE $0.1141 -3.62% — $272.87M $1.14B — — — — — — -64.31% 76%
27 MonadMON $0.0222 +5.11% — $262.00M $2.23B $4.73M $4.01M $982.34M 54.5× 1.84% — -54.60% 122%
28 BackpackBP $0.9812 -9.44% — $245.27M $981.07M — — $548.03M — — — -40.45% 123%
29 Ethereum Name ServiceENS $5.30 -3.45% -67.57% $223.99M $529.44M $2.42M $2.42M — 90.6× 1.10% — -93.65% 50%
30 ZamaZAMA $0.0727 +0.79% — $185.66M $824.23M — — $137.08M — — — -32.33% 103%
31 Trust WalletTWT $0.4300 -5.26% -66.21% $179.20M $430.09M — — — — — — -84.19% 50%
32 Strategy PP Variable xStockSTRCX $109.19 +2.87% — $159.06M $322.17M — — — — — — -21.99% 46%
33 BedrockBR $0.5275 +5.80% +632.77% $156.49M $527.48M — — — — — — -60.91% 266%
34 CapCAP $0.0982 +42.93% — $153.21M $982.11M $5.77M $4,020 $201.16M 28.5× 3.51% — -18.75% 2,913%
35 SentientSENT $0.0208 -6.81% — $150.73M $715.56M — — — — — — -56.66% 67%
36 GUSDGUSD $0.9973 -0.06% -0.30% $149.38M $319.13M — — — — — — -2.41% 1%
37 MXMX $1.58 -18.24% -35.39% $144.82M $644.98M — — $5.13B — — — -73.07% 28%
38 DGrid AIDGAI $0.8609 -3.87% — $129.12M $860.78M — — — — — — -24.33% —
39 ImmutableIMX $0.1419 -6.66% -74.87% $128.34M $283.79M $9,380 — $11.05M 13,285× 0.01% — -98.51% 103%
40 OnRe Tokenized ReinsuranceONYC $1.16 +0.12% +11.19% $128.16M $295.27M — — — — — — -0.84% 1%
41 KinetiqKNTQ $0.3997 +21.56% — $126.28M $399.72M $22.69M $3.22M $881.88M 5.4× 18.65% — -11.59% 140%
42 BCGame CoinBC $0.0386 +0.15% +299.67% $124.05M $363.59M — — — — — — -6.02% 85%
43 MicroStrategy xStockMSTRX $143.87 +2.38% -51.67% $124.03M $253.09M — — — — — — -68.88% 74%
44 HumanityH $0.0553 -2.49% -83.53% $117.16M $552.54M — — — — — — -93.53% 200%
45 GeodnetGEOD $0.2517 -3.45% +88.11% $116.45M $234.29M $11.68M $11.68M — 9.8× 10.23% — -32.76% 110%
46 edgeXEDGE $0.3298 +16.39% — $115.45M $329.85M $27.73M $20.06M $59.93M 4.0× 24.86% — -78.61% 98%
47 AethirATH $0.005682 +4.26% -81.84% $114.40M $238.71M $48.77M $9.75M — 2.3× 43.96% — -95.21% 95%
48 GeniusGENIUS $0.3122 +3.53% — $104.62M $279.21M — — — — — — -67.25% 78%
49 Circle xStockCRCLX $80.91 -3.34% -43.30% $104.51M $298.32M — — — — — — -68.53% 74%
50 SOONSOON $0.3053 +0.13% -56.63% $103.74M $3.36B — — $2,102 — — — -92.90% 151%
51 USD.AICHIP $0.0513 +26.23% — $102.73M $513.66M $42.31M $4.23M $266.27M 2.2× 45.91% — -63.42% 117%
52 SoSoValueSOSO $0.2878 -1.79% -63.80% $98.43M $287.81M $23.97M $24.04M $169.98M 4.1× 24.39% — -79.74% 60%
53 StrongholdSHX $0.005063 -17.06% -62.67% $94.41M $505.02M — — — — — — -90.91% 148%
54 YZYYZY $0.2879 -0.07% -28.01% $86.07M $287.90M — — — — — — -90.23% 19%
55 PharosPROS $0.6282 -0.20% — $85.18M $628.18M — — $71.42M — — — -44.59% 75%
56 JanctionJCT $0.006796 +244.45% — $77.91M $338.90M — — — — — — -35.76% —
57 ADIADI $8.05 -2.15% — $75.95M $8.05B — — $1.96M — — — -9.42% 12%
58 Felix feUSDFEUSD $0.9979 +0.10% +0.36% $74.85M $8.88B — — — — — — -6.48% 18%
59 Tesla xStockTSLAX $394.87 +9.35% -9.78% $74.65M $228.49M — — — — — — -20.48% 41%
60 BabylonBABY $0.0149 +21.91% -54.97% $73.07M $163.98M $245.89 — $258,690 — 0.00% — -91.06% 110%
61 Verified EmeraldsVEREM $28.96 +59.87% — $72.41M $1.45B — — — — — — -92.57% —
62 UnipolyUNP $0.2557 -0.09% +77.60% $71.42M $255.79M — — — — — — -49.16% —
63 o1.exchangeO $0.4344 +4.03% — $69.49M $434.30M $6.08M $3.74M — 10.7× 9.34% — -53.86% 81%
64 SP500 xStockSPYX $770.67 +0.05% +13.88% $68.86M $216.41M — — — — — — -1.96% 13%
65 SpaceX xStockSPCXX $149.69 +0.23% — $68.26M $242.13M — — — — — — -33.56% —
66 Baby Doge CoinBABYDOGE $0.0000000003 -2.18% -66.30% $64.32M $146.72M — — — — — — -94.62% 50%
67 SparkSPK $0.0189 -1.23% -53.01% $64.13M $188.87M — — — — — — -89.76% 133%
68 TAGGERTAG $0.000585 +22.83% +26.05% $63.84M $237.72M — — — — — — -73.23% 170%
69 LineaLINEA $0.002558 -4.31% -83.67% $62.80M $183.32M $536,368 $536,368 $22.69M 114.1× 0.88% — -94.52% 65%
70 EspressoESP $0.0878 +3.69% — $62.71M $317.55M — — — — — — -59.61% 107%
71 Royal EuroREUR $4.13 +260.85% — $62.01M $20.67B — — — — — — -0.01% 594%
72 KAITOKAITO $0.2540 -7.25% -77.60% $61.34M $254.10M — — — — — — -91.19% 157%
73 RERE $0.3746 -2.60% — $59.82M $374.79M $23.74M $44,089 $465.41M 2.4× 41.85% — -65.27% 135%
74 UnifAI NetworkUAI $0.2502 -16.41% — $59.81M $250.26M — — — — — — -70.10% 312%
75 BULLABULLA $0.1472 +97.95% +162.62% $58.52M $147.07M — — — — — — -70.01% —
76 Marscat TokenMCAT $0.6161 -20.51% — $57.88M $615.35M — — — — — — -48.24% —
77 Magma FinanceMAGMA $0.3034 +13.79% — $57.64M $303.35M — — — — — — -62.47% 247%
78 DeXeDEXE $1.61 -5.95% -76.08% $56.89M $155.70M — — — — — — -96.70% 48%
79 IrysIRYS $0.0280 +128.95% — $56.07M $280.36M — — — — — — -90.53% —
80 NexpaceNXPC $0.1725 +8.85% -53.40% $54.03M $171.56M — — — — — — -95.43% 74%
81 MegaETHMEGA $0.0473 +8.83% — $53.40M $472.64M $837,334 $593,855 $12.46M 61.0× 1.64% — -78.29% —
82 YellowYELLOW $0.1590 +317.62% — $52.80M $1.59B — — $71,662 — — — -23.79% —
83 Data NetworkDATA $0.1440 -7.27% -97.36% $51.92M $148.91M $152,232 — $109,859 337.6× 0.30% — -99.03% 56%
84 HoloworldHOLO $0.0597 +7.09% -61.16% $49.70M $122.32M — — — — — — -92.30% 129%
85 AztecAZTEC $0.0165 -11.33% — $49.47M $170.94M — — — — — — -58.61% —
86 ShareXSHARE $2.73 +6.07% — $48.97M $272.82M — — — — — — -1.23% —
87 AlloraALLO $0.1877 -8.56% — $47.92M $148.08M — — — — — — -88.25% 102%
88 AcurastACU $0.1121 +10.88% — $47.69M $115.91M — — — — — — -64.51% 140%
89 DAPPOSDOS $0.2379 +33.47% — $47.52M $237.58M — — — — — — -83.32% 73%
90 NVIDIA xStockNVDAX $216.58 +0.69% +16.14% $47.50M $228.49M — — — — — — -11.08% —
91 Nasdaq xStockQQQX $715.97 -0.60% +15.16% $47.45M $206.13M — — — — — — -64.46% —
92 AI Analysis TokenAIAT $0.3984 +4.19% +6.85% $47.17M $199.21M — — — — — — -99.52% —
93 ChainOpera AICOAI $0.2471 -1.25% -96.21% $46.44M $247.04M — — — — — — -99.44% 94%
94 LombardBARD $0.1115 +5.03% -83.44% $44.22M $111.52M — — — — — — -93.44% —
95 ArciumARX $0.2112 -9.83% — $44.06M $210.97M — — — — — — -54.76% —
96 Impossible Cloud Network TokenICNT $0.1727 -2.87% -22.25% $43.69M $120.89M — — — — — — -70.77% —
97 BNB Attestation ServiceBAS $0.0175 -6.10% +5.53% $43.68M $174.72M — — — — — — -89.51% 101%
98 Axis RoboticsAXIS $0.2607 — — $43.03M $260.80M — — — — — — -29.56% —
99 FOLKSFOLKS $2.39 +1.28% — $42.91M $119.29M — — — — — — -95.12% —
100 ETHGasGWEI $0.0214 -1.19% — $42.57M $214.33M — — — — — — -91.32% 270%
101 FastX Network TokenFXNW $0.3231 +1.66% — $42.00M $323.09M — — — — — — -21.02% —
102 GEKKOGEKKO $0.0000006988 -1.62% -54.08% $41.93M $139.75M — — — — — — -94.90% 141%
103 DeepBookDEEP $0.0165 -15.83% -81.69% $41.18M $164.73M $22,911 $9,598 $68,732 1,752× 0.06% — -95.17% —
104 Huma FinanceHUMA $0.0236 -18.84% -14.14% $40.90M $235.99M $35.37M — $375.29M 1.2× 86.36% — -79.59% —
105 VerantaAVNT $0.1124 +6.28% -86.23% $40.76M $112.44M $11.36M — $22.63M 3.5× 28.95% — -95.73% —
106 GOHOMEGOHOME $76.24 -1.90% -57.46% $40.00M $762.43M — — — — — — -72.55% —
107 Swarm NetworkTRUTH $0.0190 +9.21% +22.72% $39.60M $189.89M — — — — — — -62.08% —
108 VenomVENOM $0.0212 +43.24% -78.66% $38.88M $156.04M — — $203,181 — — — -97.29% —
109 RaveDAORAVE $0.1434 -4.79% — $38.65M $143.03M — — — — — — -99.49% 89%
110 gmSN28 $8.24 -4.99% — $38.16M $173.10M — — — — — — -17.37% —
111 SecuritizeSECZ $7.80 -20.89% — $38.14M $208.59M — — — — — — -53.18% —
112 Alphabet xStockGOOGLX $320.87 -6.42% +22.83% $37.91M $177.59M — — — — — — -21.41% —
113 VVS FinanceVVS $0.0000008644 -6.62% -72.16% $37.64M $82.21M $2.80M $838,936 $88.62M 13.4× 7.44% — -99.74% 29%
114 DolphinPOD $0.4448 -16.82% +2,019.61% $37.01M $222.43M — — — — — — -53.40% —
115 Moca NetworkMOCA $0.008673 +3.75% -84.46% $36.71M $77.09M — — — — — — -98.18% 78%
116 SuccinctPROVE $0.1882 +2.69% -78.84% $36.70M $188.22M — — — — — — -89.00% —
117 Loaded LionsLION $0.001188 -5.08% -89.40% $36.46M $118.84M — — — — — — -96.24% 53%
118 MBG By Multibank GroupMBG $0.1027 -1.60% -86.54% $35.58M $100.42M — — — — — — -95.99% —
119 SnowbankSB $222.83 -3.40% -2.07% $35.57M $35,572.29T — — — — — — -97.33% 75%
120 APEXAPEX $0.2239 -5.69% -83.08% $35.38M $112.02M — — — — — — -94.16% —
121 Emerald Security TokenEMRL.D $1.39 +25.05% — $34.84M $139.36M — — — — — — -31.39% —
122 Sahara AISAHARA $0.007791 +4.21% -90.09% $33.99M $77.89M — — — — — — -95.15% —
123 REALASSET $0.1917 +3.04% — $33.73M $191.63M — — — — — — -36.11% —
124 NesaNES $0.1144 -1.15% — $33.70M $118.45M — — — — — — -64.48% —
125 COINDEPOCOINDEPO $0.1193 -1.42% +43.07% $32.70M $119.31M — — — — — — -6.66% —
126 OrbsORBS $0.006510 -3.48% -51.54% $32.55M $65.10M — — — — — — -98.19% 50%
127 MovementMOVE $0.006930 -4.57% -90.92% $32.30M $69.31M $44.53 $44.53 $2.50M — 0.00% — -99.52% 97%
128 UnitasUP $0.1484 +11.93% — $32.07M $148.45M $5.91M $591,130 $56.05M 5.8× 17.10% — -71.60% 132%
129 InitiaINIT $0.1514 +23.34% -11.67% $31.91M $151.38M — — $5.65M — — — -89.37% —
130 AproAT $0.1378 +0.97% -63.72% $31.70M $137.84M — — — — — — -83.96% —
131 AntFunANTFUN $0.0168 +65.69% — $31.70M $131.32M — — — — — — -81.65% 26%
132 OpenLedgerOPEN $0.0919 +2.25% -76.88% $31.05M $91.92M — — $0.00 — — — -94.95% —
133 Tornado CashTORN $6.46 -8.61% -49.65% $30.94M $64.55M $6.70M $4.37M $796.84M 4.8× 20.89% — -98.52% 85%
134 AtoshiATOS $0.0341 -13.30% -52.72% $30.82M $3.41B — — — — — — -68.76% —
135 XPIN NetworkXPIN $0.000709 +2.85% -91.51% $30.81M $70.96M — — — — — — -92.91% 113%
136 HashKey Platform TokenHSK $0.0891 +3.75% -73.41% $30.73M $89.09M $58,862 — $1,417 517.1× 0.19% — -96.52% —
137 B3 (Base)B3 $0.000660 +5.97% -72.91% $30.63M $65.97M — — — — — — -96.39% —
138 Gold ParkGPT $0.008018 +69.24% — $30.17M $72.17M — — — — — — -73.76% —
139 The Black BullANSEM $0.0719 -29.04% — $30.15M $71.75M $37,191 $37,191 — 784.6× 0.13% — -83.78% 181%
140 Manta NetworkMANTA $0.0623 -3.97% -47.88% $30.02M $62.28M $6,414 $-8,222 $2.92M 4,633× 0.02% — -98.46% 64%
141 SignSIGN $0.0106 -4.24% -74.83% $30.01M $105.56M — — — — — — -91.95% —
142 KiiChainKII $0.0850 -3.57% — $30.01M $153.00M — — — — — — -13.05% —
143 AudieraBEAT $0.0826 +3.75% — $29.16M $82.61M — — — — — — -99.26% —
144 XT.comXT $4.80 -1.88% -29.66% $29.04M $4.80B — — — — — — -76.25% —
145 MangoMNGO $0.0260 -13.82% +70.55% $29.04M $129.93M — — $14,787 — — — -94.79% 12%
146 KGeNKGEN $0.1004 +18.64% -66.80% $28.87M $100.38M — — — — — — -84.55% —
147 SomniaSOMI $0.1789 -6.37% -66.25% $28.66M $178.87M $123,406 $61,697 $2.76M 225.0× 0.44% — -90.30% —
148 MomentumMMT $0.1401 +5.75% — $28.61M $140.17M $539,202 $107,833 $3.63M 51.5× 1.94% — -96.52% —
149 Velodrome FinanceVELO $0.0304 -10.89% -12.94% $27.85M $80.75M — — — — — — -92.54% —
150 Uquid CoinUQC $2.76 +0.31% -21.64% $27.59M $110.35M — — — — — — -93.33% 3%
151 OpenGradientOPG $0.1153 -11.66% — $27.57M $115.31M — — — — — — -76.06% —
152 ZoraZORA $0.006164 -4.54% -93.51% $27.55M $61.64M $183,385 $-572.08 $42,377 149.6× 0.67% — -95.77% —
153 CanopyCNPY $0.2356 +3.20% — $27.00M $57.81M — — — — — — -64.76% —
154 VelvetVELVET $0.0583 -11.30% -71.96% $26.98M $58.18M — — — — — — -97.20% 603%
155 HiveHIVE $0.0486 -0.60% -65.60% $26.69M $54.26M — — — — — — -98.57% 63%
156 OVERTAKETAKE $0.0681 +22.15% -77.05% $26.68M $68.10M — — — — — — -86.30% —
157 Zest ProtocolZEST $0.1823 -0.98% — $26.60M $182.17M — — — — — — -47.42% —
158 CitreaCTR $0.0175 +32.54% — $26.26M $175.04M $2,762 — $9.08M 9,106× 0.01% — -54.75% —
159 Block StreetBSB $0.1014 +18.61% — $26.03M $101.36M — — — — — — -94.91% —
160 OpenEdenEDEN $0.0583 +7.69% -70.21% $25.51M $58.36M — — — — — — -95.56% —
161 NYCNYC $0.0846 +0.00% — $25.37M $84.58M — — — — — — -40.44% —
162 VanaVANA $0.8220 -8.66% -69.76% $25.30M $98.55M $1,690 — $196,204 14,963× 0.01% — -97.67% —
quotes live; fees and revenue annualized from the trailing 30 days CoinGecko · DeFiLlama · site calculation
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