Home / Crypto / Tokens / DeFi

DeFi: 145 Compared and Scored (2026)

Lending markets, exchanges, derivatives and yield protocols. Ranked by a score out of 100 covering track record, tokenomics, transparency, decentralisation, adoption and liquidity. Comparing assets that do the same job is the only comparison that means anything, which is what this page is for.

MSP Score /100:85+ Excellent70 to 84 Very good55 to 69 Fair<55 Caution

How the token score works: each is rated out of 100 across track record (20), tokenomics (20), transparency (15), decentralisation (15), adoption (15), liquidity (15). Higher is better. These are the same six questions the Academy research process teaches. Every score is broken down on the token's own page.

#1

Aave aTokens (aTOKEN)

DeFi · Launched 2020 · Large cap
✓ TrustedNo revenue captureVesting complete
ChainMulti chain
Value captureStaking only
SupplyElastic
ControlDAO governed
84
Grade B
#2

Aave (AAVE)

DeFi · Launched 2020 · Mid cap
✓ Trusted✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
#3

Uniswap (UNI)

DeFi · Launched 2020 · Mid cap
✓ TrustedNo revenue captureCapped supplyVesting complete
ChainMulti chain
Value captureNone
SupplyHard capped
ControlDAO governed
#4

0x Protocol (ZRX)

DeFi · Launched 2017 · Micro cap
✓ TrustedNo revenue captureCapped supplyVesting complete
ChainMulti chain
Value captureStaking only
SupplyHard capped
ControlDAO governed
72
Grade B
#5

Sky (SKY)

DeFi · Launched 2017 · Small cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete1 incident
ChainEthereum
Value captureBuyback burn
SupplyHigh issuance
ControlDAO governed
#6

Origin Protocol (OGN)

DeFi · Launched 2018 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete1 incident
ChainEthereum
Value captureFee share
SupplyHard capped
ControlDAO governed
67
Grade C
#7

Orca (ORCA)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainSolana
Value captureFee share
SupplyHard capped
ControlDAO governed
67
Grade C
#8

Curve LP Tokens (crvLP)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueVesting complete
ChainMulti chain
Value captureFee share
SupplyElastic
ControlDAO governed
67
Grade C
#9

Yearn Finance (YFI)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainEthereum
Value captureFee share
SupplyHard capped
ControlDAO governed
66
Grade C
#10

Liquity (LQTY)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainEthereum
Value captureFee share
SupplyHard capped
ControlImmutable
66
Grade C
#11

Frax Share (FXS)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
66
Grade C
#12

DODO (DODO)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
66
Grade C
#13

Enzyme (MLN)

DeFi · Launched 2017 · Micro cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete
ChainEthereum and Polygon
Value captureFee share
SupplyHigh issuance
ControlDAO governed
66
Grade C
#14

Fluid (FLUID)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainEthereum and Arbitrum
Value captureFee share
SupplyHard capped
ControlDAO governed
65
Grade C
#15

CoW Protocol (COW)

DeFi · Launched 2022 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainEthereum and multi chain
Value captureFee share
SupplyHard capped
ControlDAO governed
65
Grade C
#16

Tokemak (TOKE)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainEthereum
Value captureFee share
SupplyHard capped
ControlDAO governed
65
Grade C
#17

Beefy (BIFI)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
65
Grade C
#18

Stake DAO (SDT)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
65
Grade C
#19

Yearn Vault Tokens (yVAULT)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueVesting complete
ChainMulti chain
Value captureFee share
SupplyElastic
ControlDAO governed
65
Grade C
#20

THORChain (RUNE)

DeFi · Launched 2021 · Small cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete2 incidents
ChainTHORChain
Value captureFee share
SupplyHard capped
ControlDAO governed
#21

Synthetix (SNX)

DeFi · Launched 2018 · Micro cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete
ChainOptimism and Ethereum
Value captureFee share
SupplyHigh issuance
ControlDAO governed
#22

Convex Finance (CVX)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainEthereum
Value captureFee share
SupplyHard capped
ControlDAO governed
64
Grade C
#23

Trader Joe (JOE)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainAvalanche and Arbitrum
Value captureFee share
SupplyHard capped
ControlDAO governed
64
Grade C
#24

Osmosis (OSMO)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainOsmosis
Value captureFee share
SupplyCapped
ControlDAO governed
64
Grade C
#25

Perpetual Protocol (PERP)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainOptimism
Value captureFee share
SupplyHard capped
ControlDAO governed
64
Grade C
#26

Notional Finance (NOTE)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainEthereum and Arbitrum
Value captureFee share
SupplyHard capped
ControlDAO governed
64
Grade C
#27

Nexus Mutual (NXM)

DeFi · Launched 2019 · Micro cap
~ Mixed record✓ Captures revenueVesting complete
ChainEthereum
Value captureFee share
SupplyElastic
ControlDAO governed
64
Grade C
#28

Index Coop (INDEX)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
64
Grade C
#29

dHEDGE (DHT)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
64
Grade C
#30

Kyber Network (KNC)

DeFi · Launched 2017 · Micro cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete1 incident
ChainMulti chain
Value captureFee share
SupplyHigh issuance
ControlDAO governed
63
Grade C
#31

Premia (PREMIA)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
63
Grade C
#32

GMX GLP (GLP)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueVesting complete
ChainArbitrum and Avalanche
Value captureFee share
SupplyElastic
ControlDAO governed
63
Grade C
#33

Raydium (RAY)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainSolana
Value captureBuyback burn
SupplyHard capped
ControlTeam controlled
#34

dYdX (DYDX)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChaindYdX Chain
Value captureFee share
SupplyHard capped
ControlDAO governed
62
Grade C
#35

BENQI (QI)

DeFi · Launched 2021 · Micro cap
~ Mixed recordNo revenue captureCapped supplyVesting complete
ChainAvalanche
Value captureStaking only
SupplyHard capped
ControlDAO governed
62
Grade C
#36

PancakeSwap (CAKE)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainBNB Chain and multi chain
Value captureBuyback burn
SupplyCapped
ControlTeam controlled
62
Grade C
#37

1inch (1INCH)

DeFi · Launched 2020 · Micro cap
~ Mixed recordNo revenue captureCapped supplyVesting complete
ChainMulti chain
Value captureNone
SupplyHard capped
ControlDAO governed
62
Grade C
#38

Gearbox Protocol (GEAR)

DeFi · Launched 2022 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainEthereum and Arbitrum
Value captureFee share
SupplyHard capped
ControlDAO governed
62
Grade C
#39

Silo Finance (SILO)

DeFi · Launched 2022 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
62
Grade C
#40

Alpaca Finance (ALPACA)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainBNB Chain
Value captureFee share
SupplyHard capped
ControlDAO governed
62
Grade C
#41

Autofarm (AUTO)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
62
Grade C
#42

WOO (WOO)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete1 incident
ChainMulti chain
Value captureBuyback burn
SupplyHard capped
ControlDAO governed
62
Grade C
#43

Polkastarter (POLS)

DeFi · Launched 2020 · Micro cap
~ Mixed recordNo revenue captureCapped supplyVesting complete
ChainMulti chain
Value captureStaking only
SupplyHard capped
ControlDAO governed
62
Grade C
#44

Aura Finance (AURA)

DeFi · Launched 2022 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
62
Grade C
#45

Dopex (DPX)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainArbitrum
Value captureFee share
SupplyHard capped
ControlDAO governed
62
Grade C
#46

Camelot (GRAIL)

DeFi · Launched 2022 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainArbitrum
Value captureFee share
SupplyHard capped
ControlDAO governed
62
Grade C
#47

Lifinity (LFNTY)

DeFi · Launched 2022 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainSolana
Value captureFee share
SupplyHard capped
ControlDAO governed
62
Grade C
#48

ApeX Protocol (APEX)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
62
Grade C
#49

Pendle (PENDLE)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete
ChainMulti chain
Value captureFee share
SupplyHigh issuance
ControlDAO governed
#50

Vertex Protocol (VRTX)

DeFi · Launched 2023 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainArbitrum
Value captureFee share
SupplyHard capped
ControlDAO governed
61
Grade C
#51

Bancor (BNT)

DeFi · Launched 2017 · Micro cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete1 incident
ChainEthereum
Value captureFee share
SupplyHigh issuance
ControlDAO governed
61
Grade C
#52

Save (SLND)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete1 incident
ChainSolana
Value captureFee share
SupplyHard capped
ControlDAO governed
61
Grade C
#53

GMX (GMX)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete1 incident
ChainArbitrum and Avalanche
Value captureFee share
SupplyCapped
ControlDAO governed
#54

Frax (FRAX)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete
ChainMulti chain
Value captureFee share
SupplyHigh issuance
ControlDAO governed
60
Grade C
#55

Euler (EUL)

DeFi · Launched 2022 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete1 incident
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
60
Grade C
#56

Badger DAO (BADGER)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete1 incident
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
60
Grade C
#57

MUX Protocol (MUX)

DeFi · Launched 2022 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
60
Grade C
#58

JustLend (JST)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainTRON
Value captureFee share
SupplyHard capped
ControlTeam controlled
60
Grade C
#59

Hashflow (HFT)

DeFi · Launched 2022 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
60
Grade C
#60

Hyperliquid (HYPE)

DeFi · Launched 2024 · Mid cap
~ Mixed record✓ Captures revenueCapped supply
ChainHyperliquid
Value captureBuyback burn
SupplyHard capped
ControlTeam controlled
#61

Venus (XVS)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete2 incidents
ChainBNB Chain
Value captureFee share
SupplyHard capped
ControlDAO governed
59
Grade C
#62

Ipor (IPOR)

DeFi · Launched 2023 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainEthereum
Value captureFee share
SupplyHard capped
ControlDAO governed
59
Grade C
#63

Kujira (KUJI)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete1 incident
ChainKujira
Value captureFee share
SupplyHard capped
ControlDAO governed
59
Grade C
#64

Interlay (INTR)

DeFi · Launched 2022 · Micro cap
~ Mixed recordNo revenue captureCapped supplyVesting complete
ChainPolkadot
Value captureStaking only
SupplyHard capped
ControlDAO governed
59
Grade C
#65

SUN (SUN)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainTRON
Value captureBuyback burn
SupplyHard capped
ControlTeam controlled
59
Grade C
#66

Jupiter Perps LP (JLP)

DeFi · Launched 2024 · Micro cap
~ Mixed record✓ Captures revenueVesting complete
ChainSolana
Value captureFee share
SupplyElastic
ControlDAO governed
59
Grade C
#67

Spectra (SPECTRA)

DeFi · Launched 2024 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
59
Grade C
#68

SushiSwap (SUSHI)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete3 incidents
ChainMulti chain
Value captureFee share
SupplyCapped
ControlDAO governed
58
Grade C
#69

Gains Network (GNS)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete
ChainArbitrum and Polygon
Value captureFee share
SupplyHigh issuance
ControlDAO governed
58
Grade C
#70

Thala (THL)

DeFi · Launched 2023 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainAptos
Value captureFee share
SupplyHard capped
ControlDAO governed
58
Grade C
#71

Acala (ACA)

DeFi · Launched 2022 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete1 incident
ChainPolkadot
Value captureFee share
SupplyHard capped
ControlDAO governed
58
Grade C
#72

Beets (BEETS)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete
ChainSonic and Optimism
Value captureFee share
SupplyHigh issuance
ControlDAO governed
58
Grade C
#73

Sturdy Finance (STURDY)

DeFi · Launched 2022 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete1 incident
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
58
Grade C
#74

Peapods Finance (PEAS)

DeFi · Launched 2023 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
58
Grade C
#76

Hydration (HDX)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete
ChainPolkadot
Value captureFee share
SupplyHigh issuance
ControlDAO governed
57
Grade C
#77

Aerodrome (AERO)

DeFi · Launched 2023 · Micro cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete
ChainBase
Value captureFee share
SupplyHigh issuance
ControlDAO governed
56
Grade C
#78

Aerodrome Velodrome (VELO)

DeFi · Launched 2022 · Micro cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete
ChainOptimism
Value captureFee share
SupplyHigh issuance
ControlDAO governed
56
Grade C
#79

Aevo (AEVO)

DeFi · Launched 2024 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainAevo rollup
Value captureFee share
SupplyHard capped
ControlDAO governed
56
Grade C
#80

DAO Maker (DAO)

DeFi · Launched 2020 · Micro cap
~ Mixed recordNo revenue captureCapped supplyVesting complete1 incident
ChainMulti chain
Value captureStaking only
SupplyHard capped
ControlTeam controlled
56
Grade C
#81

Banana Gun (BANANA)

DeFi · Launched 2023 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlTeam controlled
56
Grade C
#82

Nolus (NLS)

DeFi · Launched 2023 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainNolus
Value captureFee share
SupplyHard capped
ControlDAO governed
56
Grade C
#83

Saros Finance (SAROS)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supply
ChainSolana
Value captureFee share
SupplyHard capped
ControlTeam controlled
56
Grade C
#84

Exactly Protocol (EXA)

DeFi · Launched 2023 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete1 incident
ChainOptimism
Value captureFee share
SupplyHard capped
ControlDAO governed
56
Grade C
#85

DeGate (DG)

DeFi · Launched 2023 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete
ChainEthereum
Value captureFee share
SupplyHard capped
ControlDAO governed
56
Grade C
#86

Curve DAO (CRV)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueCapped supply2 incidents
ChainMulti chain
Value captureFee share
SupplyCapped
ControlDAO governed
#87

Alchemix (ALCX)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete1 incident
ChainEthereum
Value captureFee share
SupplyHigh issuance
ControlDAO governed
55
Grade C
#88

Sommelier Finance (SOMM)

DeFi · Launched 2022 · Micro cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete
ChainEthereum and Cosmos
Value captureFee share
SupplyHigh issuance
ControlDAO governed
55
Grade C
#89

Jupiter (JUP)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainSolana
Value captureFee share
SupplyHard capped
ControlDAO governed
#90

Compound (COMP)

DeFi · Launched 2020 · Micro cap
⚠ CautionNo revenue captureCapped supplyVesting complete1 incident
ChainMulti chain
Value captureNone
SupplyHard capped
ControlDAO governed
#91

Balancer (BAL)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete2 incidents
ChainMulti chain
Value captureFee share
SupplyHigh issuance
ControlDAO governed
54
Grade D
#92

Kamino Finance (KMNO)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainSolana
Value captureFee share
SupplyHard capped
ControlDAO governed
54
Grade D
#93

Olympus (OHM)

DeFi · Launched 2021 · Micro cap
⚠ CautionNo revenue captureHigh issuanceVesting complete
ChainEthereum
Value captureStaking only
SupplyHigh issuance
ControlDAO governed
54
Grade D
#94

Astroport (ASTRO)

DeFi · Launched 2022 · Micro cap
⚠ Caution✓ Captures revenueHigh issuanceVesting complete
ChainNeutron and Terra
Value captureFee share
SupplyHigh issuance
ControlDAO governed
54
Grade D
#95

Thena (THE)

DeFi · Launched 2023 · Micro cap
⚠ Caution✓ Captures revenueHigh issuanceVesting complete
ChainBNB Chain
Value captureFee share
SupplyHigh issuance
ControlDAO governed
54
Grade D
#96

Contango (TANGO)

DeFi · Launched 2022 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
54
Grade D
#97

Amun (AMUN)

DeFi · Launched 2020 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlTeam controlled
54
Grade D
#98

Term Finance (TERM)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainEthereum
Value captureFee share
SupplyHard capped
ControlDAO governed
53
Grade D
#99

Abracadabra (SPELL)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supplyVesting complete2 incidents
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
53
Grade D
#100

Zeta Markets (ZEX)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainSolana
Value captureFee share
SupplyHard capped
ControlDAO governed
53
Grade D
#101

Bluefin (BLUE)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainSui
Value captureFee share
SupplyHard capped
ControlDAO governed
53
Grade D
#102

Suilend (SEND)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainSui
Value captureFee share
SupplyHard capped
ControlDAO governed
53
Grade D
#103

Orderly Network (ORDER)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
53
Grade D
#104

Dolomite (DOLO)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainArbitrum and Berachain
Value captureFee share
SupplyHard capped
ControlDAO governed
53
Grade D
#105

NAVI Protocol (NAVX)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainSui
Value captureFee share
SupplyHard capped
ControlDAO governed
52
Grade D
#106

Ramses (RAM)

DeFi · Launched 2023 · Micro cap
⚠ Caution✓ Captures revenueHigh issuanceVesting complete
ChainArbitrum
Value captureFee share
SupplyHigh issuance
ControlDAO governed
52
Grade D
#107

Equalizer (EQUAL)

DeFi · Launched 2023 · Micro cap
⚠ Caution✓ Captures revenueHigh issuanceVesting complete
ChainSonic
Value captureFee share
SupplyHigh issuance
ControlDAO governed
52
Grade D
#108

Cetus Protocol (CETUS)

DeFi · Launched 2023 · Micro cap
⚠ Caution✓ Captures revenueCapped supply1 incident
ChainSui and Aptos
Value captureFee share
SupplyHard capped
ControlDAO governed
51
Grade D
#109

Timeswap (TIME)

DeFi · Launched 2022 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlTeam controlled
51
Grade D
#110

Inverse Finance (INV)

DeFi · Launched 2020 · Micro cap
~ Mixed record✓ Captures revenueHigh issuanceVesting complete2 incidents
ChainEthereum
Value captureFee share
SupplyHigh issuance
ControlDAO governed
51
Grade D
#111

Ethena (ENA)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainEthereum
Value captureFee share
SupplyHard capped
ControlMultisig
#112

Drift Protocol (DRIFT)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supply1 incident
ChainSolana
Value captureFee share
SupplyHard capped
ControlDAO governed
50
Grade D
#113

Shadow Exchange (SHADOW)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueHigh issuanceVesting complete
ChainSonic
Value captureFee share
SupplyHigh issuance
ControlDAO governed
50
Grade D
#114

Morpho (MORPHO)

DeFi · Launched 2024 · Micro cap
⚠ CautionNo revenue captureCapped supply
ChainEthereum and Base
Value captureNone
SupplyHard capped
ControlDAO governed
49
Grade D
#115

Spark (SPK)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainEthereum
Value captureFee share
SupplyHard capped
ControlDAO governed
49
Grade D
#116

marginfi (MFI)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supply1 incident
ChainSolana
Value captureFee share
SupplyHard capped
ControlDAO governed
49
Grade D
#117

Azuro (AZUR)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlDAO governed
49
Grade D
#118

Native (NATIVE)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlTeam controlled
49
Grade D
#119

Origami Finance (OGMI)

DeFi · Launched 2023 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlTeam controlled
49
Grade D
#120

Meteora (MET)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainSolana
Value captureFee share
SupplyHard capped
ControlDAO governed
48
Grade D
#121

Echelon Market (ECHO)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainAptos
Value captureFee share
SupplyHard capped
ControlDAO governed
47
Grade D
#122

Kodiak Finance (KDK)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainBerachain
Value captureFee share
SupplyHard capped
ControlDAO governed
47
Grade D
#123

Term Structure (TERMS)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainEthereum
Value captureFee share
SupplyHard capped
ControlTeam controlled
47
Grade D
#124

Tanx (TANX)

DeFi · Launched 2023 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainStarknet
Value captureFee share
SupplyHard capped
ControlTeam controlled
47
Grade D
#125

Wasabi Protocol (WASABI)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlTeam controlled
47
Grade D
#126

DEUS Finance (DEUS)

DeFi · Launched 2021 · Micro cap
~ Mixed record✓ Captures revenueCapped supply2 incidents
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlTeam controlled
46
Grade D
#127

Hyperliquid HLP (HLP)

DeFi · Launched 2023 · Micro cap
⚠ Caution✓ Captures revenueVesting complete1 incident
ChainHyperliquid
Value captureFee share
SupplyElastic
ControlTeam controlled
45
Grade D
#128

Ostium (OSTIUM)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainArbitrum
Value captureFee share
SupplyHard capped
ControlTeam controlled
44
Grade D
#129

Elixir (ELX)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlTeam controlled
44
Grade D
#130

Unibot (UNIBOT)

DeFi · Launched 2023 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyVesting complete1 incident
ChainEthereum
Value captureFee share
SupplyHard capped
ControlTeam controlled
44
Grade D
#131

Limitless (LMTS)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainBase
Value captureFee share
SupplyHard capped
ControlTeam controlled
44
Grade D
#132

Odos (ODOS)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlTeam controlled
44
Grade D
#133

Paradex (DIME)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainStarknet
Value captureFee share
SupplyHard capped
ControlTeam controlled
44
Grade D
#134

Lighter (LIGHT)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainLighter
Value captureFee share
SupplyHard capped
ControlTeam controlled
44
Grade D
#135

Avantis (AVNT)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainBase
Value captureFee share
SupplyHard capped
ControlTeam controlled
44
Grade D
#136

Polynomial (PNL)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainPolynomial
Value captureFee share
SupplyHard capped
ControlTeam controlled
44
Grade D
#137

SOFA.org (SOFA)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlTeam controlled
44
Grade D
#138

Avalon Labs (AVL)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks
ChainMulti chain
Value captureFee share
SupplyHard capped
ControlTeam controlled
44
Grade D
#139

Daos.fun (DAOS)

DeFi · Launched 2024 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainSolana
Value captureFee share
SupplyHard capped
ControlTeam controlled
43
Grade D
#140

Axiom (AXIOM)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainSolana
Value captureFee share
SupplyHard capped
ControlTeam controlled
41
Grade D
#141

Believe (LAUNCHCOIN)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supply
ChainSolana
Value captureFee share
SupplyHard capped
ControlTeam controlled
40
Grade D
#142

Pump.fun (PUMP)

DeFi · Launched 2025 · Micro cap
⚠ Caution✓ Captures revenueCapped supplyHeavy unlocks1 incident
ChainSolana
Value captureBuyback burn
SupplyHard capped
ControlTeam controlled
34
Grade D
#143

Radiant Capital (RDNT)

DeFi · Launched 2022 · Micro cap
⚠ Caution⚠ Project finished✓ Captures revenueCapped supplyVesting complete1 incident
ChainArbitrum and BNB Chain
Value captureFee share
SupplyHard capped
ControlMultisig
26
Grade D
#144

Ribbon Finance (RBN)

DeFi · Launched 2021 · Micro cap
⚠ Caution⚠ Project finished✓ Captures revenueCapped supplyVesting complete
ChainEthereum
Value captureFee share
SupplyHard capped
ControlDAO governed
26
Grade D
#145

Sentiment (SNTM)

DeFi · Launched 2022 · Micro cap
⚠ Caution⚠ Project finished✓ Captures revenueCapped supply1 incident
ChainArbitrum
Value captureFee share
SupplyHard capped
ControlTeam controlled
25
Grade D

Other sectors

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There are no prices or market caps here, deliberately. Those numbers are stale within hours of being written, and a directory full of stale numbers is worse than one without them. What is recorded instead is structural and durable: what the thing actually does, how its supply behaves, who can change it, whether the token captures any revenue, and what has happened to it. For live prices use an exchange or a data aggregator.

RISK WARNING Crypto assets are highly volatile and largely unregulated. You can lose everything you put in. Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.