Digital asset valuation ratios | Digital Asset Database

表を読む前にお読みください。 Tokenは株式ではありません。統合された法人も、監査済み会計も、いかなるfeeの流れに対する法的請求権も存在しません。Protocolのfee配分はガバナンス上の選択であり、投票によって変更される可能性があります。Market capitalizationは、しばしば自己申告に基づく流通supply数値に依存しています。ここに示す各ratioは、二つの公表数値間のスケール確認にすぎません――それ以上でも以下でもなく、資産が割安か割高かを示すものでは決してありません。バリュエーショントラックで各項目を正しく解説している →

すべて Layer 1 Layer 2 DeFi Stablecoins Liquid staking Exchange tokens Real-world assets Oracles Privacy Payments AI & DePIN Gaming & NFT Meme Wrapped Infrastructure その他

#	資産	時価総額	MC / fees	時価総額 / 収益	FDV / fees	FDV / 収益	MC / TVL	アドレス当たりMC	手数料利回り	Revenue yield	保有者利回り	今後の希薄化
1	BitcoinBTC	$1.56T	19,338×	—	19,338×	—	374.40×	$3.16M	0.01%	—	—	0.0%
2	EthereumETH	$293.83B	2,316×	9,544×	2,316×	9,544×	6.09×	$504,200	0.04%	0.01%	—	0.0%
3	BNBBNB	$92.96B	442.5×	4,425×	442.5×	4,425×	17.00×	—	0.23%	0.02%	—	0.0%
4	XRPXRP	$85.99B	—	—	—	—	2,106×	—	—	—	—	59.4%
5	SolanaSOL	$58.99B	218.1×	2,277×	236.0×	2,464×	10.31×	—	0.46%	0.04%	—	8.2%
6	TRONTRX	$30.97B	99.1×	99.1×	99.1×	99.1×	5.99×	—	1.01%	1.01%	—	0.0%
7	HyperliquidHYPE	$18.29B	895.5×	895.5×	3,846×	3,846×	12.11×	—	0.11%	0.11%	—	329.5%
8	ZcashZEC	$14.06B	30,114×	—	30,123×	—	6,063×	—	0.00%	—	—	0.0%
9	DogecoinDOGE	$12.95B	49,412×	—	49,412×	—	7,737×	—	0.00%	—	—	0.0%
10	RainRAIN	$11.82B	6,081×	10,023×	9,795×	16,145×	400.84×	—	0.02%	0.01%	0.01%	61.1%
11	ChainlinkLINK	$8.41B	143.1×	154.0×	191.3×	205.8×	4.84×	—	0.70%	0.65%	0.65%	33.7%
12	CardanoADA	$7.73B	16,559×	82,787×	19,868×	99,333×	120.32×	—	0.01%	0.00%	—	20.0%
13	StellarXLM	$6.14B	13,498×	13,498×	19,448×	19,448×	25.40×	—	0.01%	0.01%	—	44.1%
14	Bitcoin CashBCH	$5.04B	—	—	—	—	14,234×	—	—	—	—	0.0%
15	CantonCC	$4.34B	7.2×	7.2×	7.2×	7.2×	520.41×	—	13.82%	13.82%	—	0.0%
16	Ethena USDeUSDE	$4.24B	—	—	—	—	1,347×	—	0.00%	—	—	0.0%
17	LitecoinLTC	$3.91B	27,712×	—	27,713×	—	5,014×	—	0.00%	—	—	0.0%
18	Gram (prev. Toncoin)GRAM	$3.72B	3,583×	7,166×	6,758×	13,515×	75.00×	—	0.03%	0.01%	—	88.6%
19	UniswapUNI	$3.57B	2.5×	31.1×	3.5×	44.4×	1.03×	—	40.66%	3.22%	3.22%	42.9%
20	HederaHBAR	$3.34B	—	—	—	—	126.49×	—	—	—	—	14.1%
21	SuiSUI	$3.17B	2,582×	7,243×	6,303×	17,681×	6.83×	—	0.04%	0.01%	—	144.1%
22	AvalancheAVAX	$3.15B	2,487×	2,487×	2,670×	2,670×	6.63×	—	0.04%	0.04%	—	7.3%
23	Tether GoldXAUT	$2.71B	—	—	—	—	0.86×	—	—	—	—	15.5%
24	CronosCRO	$2.70B	297,808×	—	606,881×	—	10.30×	—	0.00%	—	—	103.8%
25	NEAR ProtocolNEAR	$2.47B	4,534×	6,477×	4,534×	6,477×	22.52×	—	0.02%	0.02%	—	0.0%
26	OKBOKB	$2.23B	—	—	—	—	0.08×	—	—	—	—	0.0%
27	BittensorTAO	$2.14B	—	—	—	—	47.21×	—	—	—	—	118.8%
28	AaveAAVE	$1.97B	5.0×	36.0×	5.2×	37.4×	0.11×	—	19.96%	2.78%	—	3.7%
29	MantleMNT	$1.85B	19,656×	19,656×	37,018×	37,018×	18.96×	$1.30M	0.01%	0.01%	—	88.3%
30	World Liberty FinancialWLFI	$1.79B	14.0×	14.0×	43.9×	43.9×	—	—	7.17%	7.17%	—	214.7%
31	MorphoMORPHO	$1.75B	7.9×	—	11.5×	—	0.18×	—	12.66%	—	—	45.2%
32	OndoONDO	$1.72B	19.6×	—	40.3×	—	0.49×	—	5.10%	—	—	105.4%
33	EthenaENA	$1.50B	7.7×	5,720×	11.7×	8,730×	0.31×	—	13.06%	0.02%	—	52.6%
34	Internet ComputerICP	$1.40B	735.3×	925.9×	735.3×	925.9×	97.25×	—	0.14%	0.11%	—	0.0%
35	WorldcoinWLD	$1.36B	5,872×	—	16,172×	—	41.57×	$247,178	0.02%	—	—	175.4%
36	BitwayBTW	$1.23B	191.8×	860.4×	708.3×	3,177×	15.05×	—	0.52%	0.12%	—	269.3%
37	Ethereum ClassicETC	$1.17B	171,068×	—	171,069×	—	15,204×	—	0.00%	—	—	0.0%
38	POL (ex-MATIC)POL	$1.00B	38.2×	38.2×	38.2×	38.2×	1.26×	$2,115	2.62%	2.62%	—	0.0%
39	LighterLIT	$982.44M	17.8×	23.9×	71.3×	95.6×	1.52×	—	5.61%	4.19%	3.40%	300.0%
40	KuCoinKCS	$962.38M	616,284×	—	638,751×	—	1,269×	—	0.00%	—	—	3.6%
41	ArbitrumARB	$900.65M	197.0×	197.9×	294.9×	296.3×	0.64×	$7,916	0.51%	0.51%	—	49.7%
42	GateGT	$863.14M	—	—	—	—	0.13×	—	—	—	—	11.5%
43	NEXONEXO	$835.37M	—	—	—	—	2.60×	—	—	—	—	0.0%
44	AlgorandALGO	$831.93M	138,929×	138,929×	138,929×	138,929×	26.97×	—	0.00%	0.00%	—	0.0%
45	Cosmos HubATOM	$788.44M	43,519×	—	43,519×	—	7,262×	—	0.00%	—	—	0.0%
46	Venice TokenVVV	$781.94M	91.0×	91.0×	154.2×	154.2×	—	—	1.10%	1.10%	1.10%	69.5%
47	StableSTABLE	$740.79M	—	—	—	—	25.67×	—	—	—	—	284.9%
48	JupiterJUP	$735.69M	3.3×	9.7×	6.9×	20.0×	0.30×	—	30.00%	10.33%	5.16%	106.7%
49	FilecoinFIL	$663.88M	1,336×	1,336×	3,162×	3,162×	255.14×	—	0.07%	0.07%	—	136.7%
50	FlareFLR	$584.42M	1,445×	—	1,772×	—	4.49×	—	0.07%	—	—	22.7%
51	VeChainVET	$568.51M	—	—	—	—	476.12×	—	—	—	—	0.0%
52	XDC NetworkXDC	$554.83M	—	—	—	—	276.19×	—	—	—	—	90.8%
53	Ether.fiETHFI	$550.90M	3.5×	13.9×	3.5×	13.9×	0.11×	—	28.42%	7.18%	—	0.0%
54	DashDASH	$546.21M	97,758×	—	97,780×	—	7,470×	—	0.00%	—	—	0.0%
55	AptosAPT	$537.59M	489.6×	489.6×	689.1×	689.1×	9.42×	—	0.20%	0.20%	—	40.7%
56	StacksSTX	$504.53M	1,310×	—	1,310×	—	6.06×	—	0.08%	—	—	0.0%
57	InjectiveINJ	$486.22M	193.0×	193.0×	193.0×	193.0×	52.91×	—	0.52%	0.52%	—	0.0%
58	Provenance BlockchainHASH	$461.90M	121.5×	—	200.9×	—	2.60×	—	0.82%	—	—	65.3%
59	Virtuals ProtocolVIRTUAL	$452.42M	54.6×	54.6×	83.0×	83.0×	—	—	1.83%	1.83%	—	51.9%
60	LayerZeroZRO	$377.46M	270.0×	233.7×	764.3×	661.6×	0.05×	—	0.37%	0.43%	0.43%	183.0%
61	PonsPONS	$345.29M	0.7×	3.7×	0.7×	3.7×	—	—	139.75%	27.14%	5.53%	-0.8%
62	SeiSEI	$325.34M	46,475×	46,475×	69,023×	69,023×	9.99×	—	0.00%	0.00%	—	48.5%
63	PendlePENDLE	$324.00M	40.5×	41.2×	66.2×	67.3×	0.26×	—	2.47%	2.43%	1.94%	63.4%
64	Sun TokenSUN	$311.74M	29.0×	224.1×	30.0×	232.0×	0.58×	—	3.45%	0.45%	0.17%	3.5%
65	Lido DAOLDO	$310.32M	0.6×	10.0×	0.7×	12.0×	0.01×	—	161.50%	10.03%	3.02%	19.9%
66	GnosisGNO	$303.44M	3,194×	—	3,630×	—	2.97×	—	0.03%	—	—	13.7%
67	MonadMON	$302.08M	71.1×	88.4×	605.0×	753.0×	0.32×	—	1.41%	1.13%	—	751.4%
68	OlympusOHM	$300.63M	151.3×	151.3×	200.9×	200.9×	—	—	0.66%	0.66%	—	32.7%
69	Falcon FinanceFF	$292.84M	113.5×	—	361.6×	—	0.29×	—	0.88%	—	—	218.5%
70	BitTorrentBTT	$292.57M	—	—	—	—	4,024×	—	—	—	—	0.3%
71	Terra Luna ClassicLUNC	$282.28M	—	—	—	—	480.92×	—	—	—	—	16.8%
72	ConfluxCFX	$251.85M	—	—	—	—	34.35×	—	—	—	—	0.0%
73	TezosXTZ	$243.00M	2,289×	2,623×	2,331×	2,671×	12.39×	—	0.04%	0.04%	—	1.8%
74	PlasmaXPL	$242.86M	1,937×	1,937×	6,975×	6,975×	0.41×	—	0.05%	0.05%	—	260.0%
75	FLOKIFLOKI	$235.63M	—	—	—	—	20.22×	—	—	—	—	107.4%
76	Ethereum Name ServiceENS	$231.42M	54.1×	54.1×	128.6×	128.6×	—	—	1.85%	1.85%	—	137.7%
77	RaydiumRAY	$219.41M	1.8×	11.4×	3.7×	23.5×	0.20×	—	56.00%	8.76%	6.77%	105.9%
78	Convex FinanceCVX	$207.46M	9.1×	14.6×	9.7×	15.7×	0.36×	—	11.02%	6.85%	6.81%	7.3%
79	StarknetSTRK	$193.75M	87.2×	87.4×	121.4×	121.7×	1.19×	$7,651	1.15%	1.14%	—	39.2%
80	KaiaKAIA	$188.65M	7,572×	8,496×	7,573×	8,496×	21.27×	—	0.01%	0.01%	—	0.0%
81	EigenCloud (prev. EigenLayer)EIGEN	$187.79M	55.9×	—	111.7×	—	0.03×	—	1.79%	—	—	99.9%
82	DoubleZero2Z	$187.67M	36.1×	287.3×	104.0×	827.9×	2.61×	—	2.77%	0.35%	0.03%	188.2%
83	IOTAIOTA	$184.58M	—	—	—	—	125.66×	—	—	—	—	7.5%
84	edgeXEDGE	$183.43M	3.2×	4.5×	9.2×	12.7×	2.42×	—	31.21%	22.47%	4.40%	185.7%
85	The GraphGRT	$180.63M	649.1×	—	689.0×	—	—	—	0.15%	—	—	6.1%
86	SwissBorgBORG	$172.49M	—	—	—	—	0.17×	—	—	—	—	0.0%
87	Theta NetworkTHETA	$169.03M	—	—	—	—	557.31×	—	—	—	—	0.0%
88	Collector CryptCARDS	$161.56M	1.4×	1.4×	2.9×	2.9×	—	—	72.20%	72.20%	—	112.1%
89	MultiversXEGLD	$161.53M	6,420×	—	6,420×	—	11.18×	—	0.02%	—	—	0.0%
90	Axie InfinityAXS	$161.36M	110.1×	114.1×	170.4×	176.6×	—	—	0.91%	0.88%	—	54.8%
91	MXMX	$157.81M	—	—	—	—	0.03×	—	—	—	—	345.4%
92	THORChainRUNE	$157.59M	3,029×	3,029×	3,263×	3,263×	5.48×	—	0.03%	0.03%	—	7.7%
93	NEONEO	$144.81M	—	—	—	—	121.00×	—	—	—	—	41.8%
94	ChilizCHZ	$142.00M	7,714×	—	7,714×	—	74.72×	—	0.01%	—	—	0.0%
95	ApeCoinAPE	$136.51M	842.1×	—	842.1×	—	49.43×	—	0.12%	—	—	0.0%
96	ZamaZAMA	$134.92M	—	—	—	—	2.22×	—	—	—	—	356.6%
97	GRX ChainGRX	$124.16M	—	—	—	—	35.88×	—	0.00%	—	—	5.1%
98	1INCH1INCH	$122.83M	221.3×	1,192×	236.1×	1,272×	39.55×	—	0.45%	0.08%	—	6.7%
99	RailgunRAIL	$110.70M	29.8×	29.8×	29.8×	29.8×	1.16×	—	3.35%	3.35%	2.25%	0.0%
100	ImmutableIMX	$110.69M	17,865×	—	40,626×	—	9.98×	—	0.01%	—	—	127.4%
101	SoSoValueSOSO	$110.05M	4.6×	4.6×	13.5×	13.4×	0.66×	—	21.63%	21.81%	—	192.4%
102	MeteoraMET	$109.40M	0.5×	4.5×	1.0×	8.1×	0.33×	—	183.02%	22.40%	—	81.3%
103	UnitasUP	$109.38M	—	—	—	—	1.94×	—	—	—	—	363.0%
104	BackpackBP	$106.70M	—	—	—	—	0.26×	—	—	—	—	300.0%
105	SonicS	$105.21M	3,509×	3,509×	3,509×	3,509×	6.60×	—	0.03%	0.03%	—	0.0%
106	Nexus MutualNXM	$104.83M	80.2×	160.5×	80.2×	160.5×	1.00×	—	1.25%	0.62%	0.62%	0.0%
107	GeodnetGEOD	$101.03M	9.3×	9.3×	19.4×	19.4×	—	—	10.71%	10.71%	8.57%	108.1%
108	The Black BullANSEM	$100.61M	4.0×	4.0×	9.7×	9.7×	—	—	24.78%	24.78%	8.43%	140.5%
109	USD.AICHIP	$99.55M	5.5×	28.0×	27.4×	139.9×	0.41×	—	18.23%	3.57%	—	400.0%
110	WEMIXWEMIX	$99.49M	—	—	—	—	33.72×	—	—	—	—	12.2%
111	CapCAP	$99.43M	18.6×	19,863×	119.4×	127,326×	0.29×	—	5.37%	0.01%	—	541.0%
112	dYdXDYDX	$94.62M	—	—	—	—	1.32×	—	—	—	—	13.3%
113	ZKsyncZK	$94.13M	820.7×	820.7×	1,662×	1,662×	6.19×	$39,953	0.12%	0.12%	—	102.5%
114	AethirATH	$94.12M	1.5×	7.7×	3.2×	16.0×	—	—	65.23%	13.05%	—	108.7%
115	ABAB	$93.40M	—	—	—	—	296.24×	—	—	—	—	0.0%
116	PlumePLUME	$90.18M	3,819×	—	5,972×	—	13.89×	—	0.03%	—	—	56.4%
117	GALAGALA	$88.64M	—	—	—	—	21.41×	—	—	—	—	0.0%
118	PromPROM	$87.45M	8,900×	—	9,388×	—	118.21×	—	0.01%	—	—	5.5%
119	deBridgeDBR	$87.41M	14.3×	14.3×	24.1×	24.1×	48.82×	—	6.99%	6.99%	5.63%	68.7%
120	o1.exchangeO	$86.20M	2.2×	4.0×	13.6×	25.1×	—	—	46.05%	24.95%	—	525.0%
121	VeloVELO	$84.33M	61,105×	61,105×	83,495×	83,495×	1,140×	—	0.00%	0.00%	—	36.6%
122	Reserve RightsRSR	$83.66M	85.0×	193.8×	135.9×	309.8×	2.27×	—	1.18%	0.52%	0.52%	59.9%
123	XPR NetworkXPR	$80.35M	—	—	—	—	1.57×	—	—	—	—	13.0%
124	BeamBEAM	$78.23M	—	—	—	—	82.50×	—	0.00%	—	—	14.0%
125	ADIADI	$77.21M	—	—	—	—	19.11×	—	—	—	—	10,560.5%
126	GMXGMX	$76.26M	3.4×	9.1×	3.4×	9.1×	0.37×	—	29.82%	11.03%	8.05%	0.0%
127	OrcaORCA	$75.99M	1.4×	10.9×	1.7×	13.4×	0.30×	—	71.36%	9.19%	3.22%	23.4%
128	SafeSAFE	$73.54M	121.0×	121.0×	156.0×	156.0×	—	—	0.83%	0.83%	—	29.0%
129	CoW ProtocolCOW	$73.37M	4.5×	6.9×	7.9×	12.0×	—	—	21.99%	14.53%	—	74.1%
130	RERE	$71.36M	4.9×	991.0×	30.4×	6,209×	0.22×	—	20.59%	0.10%	—	526.6%
131	SuperVerseSUPER	$69.14M	—	—	—	—	3,003×	—	—	—	—	56.2%
132	Data NetworkDATA	$67.71M	51.7×	—	148.9×	—	1,872×	—	1.93%	—	—	188.0%
133	LivepeerLPT	$67.02M	87.0×	87.0×	87.0×	87.0×	—	—	1.15%	1.15%	1.15%	0.0%
134	WalrusWAL	$65.00M	624.5×	624.5×	1,218×	1,218×	—	—	0.16%	0.16%	—	95.0%
135	AnvilANVL	$64.47M	—	—	—	—	6.48×	—	—	—	—	13.5%
136	SOONSOON	$63.96M	—	—	—	—	2,945×	—	—	—	—	3,139.5%
137	GoPlus SecurityGPS	$63.04M	740.1×	740.1×	1,268×	1,268×	2.09×	—	0.14%	0.14%	—	71.3%
138	WormholeW	$62.13M	393.6×	—	615.9×	—	0.04×	—	0.25%	—	—	56.5%
139	LineaLINEA	$61.97M	119.6×	119.6×	349.1×	349.1×	2.18×	$25,001	0.84%	0.84%	—	191.9%
140	QubicQUBIC	$61.39M	—	—	—	—	1,217×	—	—	—	—	24.5%
141	NumeraireNMR	$60.97M	—	—	—	—	34,076×	—	—	—	—	52.9%
142	BerachainBERA	$57.81M	1,846×	1,846×	3,230×	3,230×	1.68×	—	0.05%	0.05%	—	74.9%
143	Bio ProtocolBIO	$57.28M	—	—	—	—	15.82×	—	—	—	—	54.8%
144	CapricornAPR	$56.28M	823.1×	5,629×	2,963×	20,264×	88.33×	—	0.12%	0.02%	—	260.0%
145	peaqPEAQ	$55.85M	—	—	—	—	86.48×	—	0.00%	—	—	77.9%
146	SushiSUSHI	$55.68M	3.9×	10.1×	4.0×	10.3×	0.56×	—	25.59%	9.88%	0.21%	1.7%
147	ZetaChainZETA	$55.38M	—	—	—	—	194.27×	—	0.00%	—	—	30.7%
148	PharosPROS	$55.02M	—	—	—	—	1.92×	—	—	—	—	637.5%
149	KinetiqKNTQ	$54.07M	2.3×	18.6×	8.3×	66.2×	0.04×	—	42.72%	5.39%	2.68%	256.5%
150	DiemDIEM	$53.81M	3,500×	3,500×	3,500×	3,500×	—	—	0.03%	0.03%	0.03%	0.0%

直近30日間からannualize；時価総額はpoint-in-time site calculation from CoinGecko and DeFiLlama inputs observed 03 Sep 2026 06:59 UTC

各指標の定義と、その限界

Market Cap / Annualized Fees Compares a token's market value with the fees users paid to the network over a year. Providers disagree on what a fee is: priority tips and maximal extractable value are counted by some and excluded by others, and front-end interface fees taken by a separate company are usually invisible entirely. Assets that charge almost… annualized from trailing 30 days

Market Cap / Annualized Revenue Market value divided by the share of yearly fees the protocol keeps rather than paying out. The split between fees and revenue is a modeling choice, not an observation, and providers draw it in different places for the same protocol, so two reputable sites can differ by a multiple on the same token. The cost of earning that… annualized from trailing 30 days

FDV / Annualized Fees Like the market cap version, but values every token that will ever exist at today's price. There is no single definition of fully diluted supply: some providers use the coded maximum, some use current total supply, and some use supply after all published vesting completes, so the same token can carry three different FDVs. Assets… annualized from trailing 30 days

FDV / Annualized Revenue Fully diluted market value divided by the yearly fee income the protocol retains. Both inputs are estimates, so the errors compound: a provider that defines fully diluted supply generously and revenue narrowly will report a multiple several times another provider's for the identical protocol. Projects still distributing… annualized from trailing 30 days

Market Cap / TVL Compares a token's market value with the value of assets currently deposited in its contracts. Total value locked double-counts routinely: ether staked through a liquid staking provider produces a receipt token, which is deposited into a lending market, borrowed against, and redeposited, and each leg can be counted. Because it is… point-in-time

FDV / TVL Fully diluted market value divided by the value of assets deposited in the protocol. It inherits every problem of both inputs at once: recursive double-counting in deposits and an undefined or provider-specific diluted supply. Protocols that attracted deposits with token emissions are the common case here, and those same… point-in-time

Market Cap per Active Address Market value divided by the number of addresses that sent or received anything recently. Addresses are not users in either direction: one person can generate an unlimited number of addresses for free, while a single exchange deposit address can serve millions of customers whose trades never touch the chain. Rollups, batching… point-in-time value over trailing 30 days of activity

Fee Yield Total yearly fees paid by users, expressed as a percentage of the token's market value. Gross fees include amounts that never accrue to the protocol or to token holders in any form, so a high figure can coexist with a protocol that retains nothing. Fees paid to validators or liquidity providers are compensation for a cost… annualized from trailing 30 days

Network Revenue Yield Yearly protocol revenue expressed as a percentage of the token's market value. Nothing is distributed in the great majority of cases, so the figure describes revenue that stays with a treasury, with validators, or is destroyed by a burn mechanism rather than paid out. Where value does reach holders it arrives as… annualized from trailing 30 days

Holder Revenue Yield The share of fee income that actually reaches token holders, as a percentage of market value. A burn reaches holders only as a proportional supply reduction, and it can be entirely offset by issuance elsewhere in the same protocol, which this figure does not net off. Fee distributions to stakers are received only by tokens that are… annualized from trailing 30 days

Dilution overhang How much larger fully diluted valuation is than market capitalization. Fully diluted valuation prices tokens that do not yet trade at the price of tokens that do, which is an assumption, not a measurement. For assets with very long emission schedules the arithmetic is close to meaningless. point-in-time

NVT (Network Value to Transactions) Network value divided by the daily value moved on-chain, smoothed over about three months. The denominator counts change outputs, self-transfers, and exchange rebalancing as settlement, and the adjustment heuristics used to remove them differ enough between providers that NVT values from two sites are not comparable. The measure… point-in-time value over a smoothed 90-day denominator

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