Digital asset valuation ratios | Digital Asset Database

표를 읽기 전에 확인하세요. Token은 주식이 아니다. 연결 실체도 없고, 감사받은 재무제표도 없으며, 어떤 수수료 흐름에 대한 법적 청구권도 없다. Protocol의 수수료 배분 방식은 투표를 통해 변경될 수 있는 거버넌스 결정 사항이다. Market capitalization은 종종 자체 보고되는 유통 공급량 수치에 의존한다. 여기의 모든 비율은 공개된 두 수치 간의 규모 비교다 — 그 이상도 이하도 아니며, 어떤 자산이 저평가 또는 고평가되었다는 주장이 결코 아니다. 밸류에이션 트랙에서 각 항목을 상세히 설명합니다 →

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

#	자산	시가총액	시가총액 / 수수료	시가총액 / 매출	FDV / 수수료	FDV / 매출	MC / TVL	주소당 시가총액	수수료 수익률	수익률	보유자 수익률	예정된 희석
1	RainRAIN	$11.87B	6,210×	10,236×	10,004×	16,488×	395.91×	—	0.02%	0.01%	0.01%	61.1%
2	UniswapUNI	$3.65B	2.9×	34.9×	4.1×	49.9×	1.13×	—	34.64%	2.86%	2.86%	42.9%
3	AaveAAVE	$1.96B	5.3×	37.8×	5.5×	39.2×	0.12×	—	19.01%	2.65%	—	3.7%
4	MorphoMORPHO	$1.72B	8.1×	—	11.8×	—	0.19×	—	12.29%	—	—	45.3%
5	BitwayBTW	$1.47B	188.0×	895.4×	694.2×	3,306×	14.37×	—	0.53%	0.11%	—	269.3%
6	EthenaENA	$1.45B	7.9×	5,997×	12.1×	9,152×	0.33×	—	12.58%	0.02%	—	52.6%
7	LighterLIT	$937.53M	16.0×	21.6×	64.0×	86.2×	1.36×	—	6.25%	4.64%	3.76%	300.0%
8	JupiterJUP	$722.69M	3.3×	9.5×	6.8×	19.6×	0.30×	—	30.30%	10.54%	5.27%	106.7%
9	Falcon FinanceFF	$323.35M	101.6×	—	331.5×	—	0.26×	—	0.98%	—	—	226.3%
10	Sun TokenSUN	$309.07M	28.9×	224.5×	29.9×	232.4×	0.56×	—	3.46%	0.45%	0.17%	3.5%
11	Lido DAOLDO	$304.22M	0.6×	9.9×	0.7×	11.9×	0.01×	—	162.81%	10.11%	3.07%	19.9%
12	RaydiumRAY	$214.85M	1.8×	11.8×	3.8×	24.3×	0.20×	—	54.22%	8.48%	6.55%	105.9%
13	Convex FinanceCVX	$208.53M	11.7×	20.7×	12.6×	22.2×	0.38×	—	8.53%	4.84%	4.80%	7.3%
14	edgeXEDGE	$148.75M	2.5×	3.5×	7.2×	10.0×	1.88×	—	39.81%	28.67%	5.60%	185.7%
15	1INCH1INCH	$121.56M	224.0×	1,209×	239.1×	1,290×	40.70×	—	0.45%	0.08%	—	6.7%
16	CapCAP	$110.93M	20.5×	19,352×	131.4×	124,049×	0.32×	—	4.88%	0.01%	—	541.0%
17	SoSoValueSOSO	$109.01M	4.5×	4.5×	13.2×	13.1×	0.64×	—	22.09%	22.24%	—	192.4%
18	UnitasUP	$108.42M	—	—	—	—	1.91×	—	—	—	—	363.0%
19	MeteoraMET	$105.68M	0.5×	4.4×	1.0×	7.9×	0.33×	—	186.52%	22.89%	—	81.4%
20	Nexus MutualNXM	$103.76M	68.4×	136.7×	68.4×	136.7×	0.99×	—	1.46%	0.73%	0.73%	0.0%
21	o1.exchangeO	$87.89M	2.5×	4.7×	15.9×	29.3×	—	—	39.26%	21.34%	—	525.0%
22	USD.AICHIP	$84.79M	5.1×	26.2×	25.7×	131.1×	0.38×	—	19.45%	3.81%	—	400.0%
23	OrcaORCA	$75.17M	1.4×	11.1×	1.8×	13.7×	0.29×	—	70.21%	9.03%	3.14%	23.4%
24	GMXGMX	$74.04M	3.3×	9.0×	3.3×	9.0×	0.36×	—	29.91%	11.07%	8.07%	0.0%
25	CoW ProtocolCOW	$71.33M	4.0×	6.3×	7.0×	10.9×	—	—	24.80%	15.92%	—	74.1%
26	AnvilANVL	$66.65M	—	—	—	—	6.48×	—	—	—	—	13.5%
27	NumeraireNMR	$59.79M	—	—	—	—	34,303×	—	—	—	—	52.9%
28	CapricornAPR	$55.72M	861.9×	5,879×	3,102×	21,161×	89.23×	—	0.12%	0.02%	—	260.0%
29	SushiSUSHI	$55.02M	4.3×	11.1×	4.3×	11.3×	0.65×	—	23.41%	8.98%	0.19%	1.7%
30	LABLAB	$53.59M	25.1×	—	32.4×	—	—	—	3.98%	—	—	28.9%
31	KinetiqKNTQ	$52.53M	2.2×	17.4×	7.9×	62.1×	0.04×	—	45.38%	5.74%	2.84%	256.5%
32	Flying TulipFT	$51.40M	28.9×	30.3×	65.7×	68.9×	4.06×	—	3.46%	3.30%	—	126.9%
33	BabylonBABY	$50.68M	—	—	—	—	247.32×	—	0.00%	—	—	139.1%
34	VVS FinanceVVS	$39.98M	32.0×	100.3×	70.0×	219.1×	0.41×	—	3.12%	1.00%	0.69%	118.4%
35	AmpAMP	$39.59M	—	—	—	—	53.30×	—	—	—	—	11.1%
36	BaselineB	$38.33M	—	—	—	—	20.43×	—	—	—	—	67.0%
37	AvantisAVNT	$35.66M	14.3×	—	40.7×	—	2.22×	—	6.97%	—	—	184.0%
38	MangoMNGO	$35.54M	—	—	—	—	2,371×	—	—	—	—	347.4%
39	ElexiumEX	$34.51M	—	—	—	—	937.67×	—	—	—	—	0.0%
40	EulerEUL	$32.38M	1.7×	54.7×	2.0×	61.9×	0.08×	—	57.34%	1.83%	0.00%	13.2%
41	MomentumMMT	$32.03M	72.0×	359.7×	352.6×	1,763×	7.90×	—	1.39%	0.28%	—	390.0%
42	Tornado CashTORN	$31.62M	5.0×	—	10.5×	—	0.04×	—	19.93%	—	—	108.7%
43	OREORE	$30.98M	1.0×	1.0×	1.0×	1.0×	—	—	103.75%	103.75%	102.72%	0.0%
44	Bancor NetworkBNT	$30.55M	100.0×	1,052×	100.0×	1,052×	1.22×	—	1.00%	0.10%	0.10%	0.0%
45	STONSTON	$30.38M	7.9×	34.6×	11.2×	49.2×	1.23×	—	12.63%	2.89%	—	41.9%
46	Main Street YieldMSY	$25.89M	15.8×	158.2×	15.8×	158.2×	—	—	6.32%	0.63%	—	0.0%
47	EverythingEV	$25.66M	—	—	—	—	67.39×	—	—	—	—	0.0%

최근 30일에서 연환산; 시가총액은 특정 시점 기준 site calculation from CoinGecko and DeFiLlama inputs observed 02 Sep 2026 06:59 UTC

각 비율의 정의 및 한계

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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각 비율의 정의 및 한계

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