Research

The market, mapped to theses

The 100 largest tokens by market capitalization — each matched to the theses it belongs to. Not a buy list; a map of what belief the market is funding. See the thesis map

100 tokens·96 matched to a thesis·by market cap

Tap a column to sort.

#TokenPrice24h7dMarket capTheses
1BitcoinBTC$80K+1.2%+11.7%$1.60TStore of valueInstitutional adoption
2EthereumETH$3K+1.7%+11.1%$302.3BEthereum settlementStablecoinsOn-chain financeRWA tokenizationInstitutional adoption
3TetherUSDT$0.9999+0.0%+0.1%$183.4BStablecoins
4BNBBNB$706.93+0.8%+11.2%$94.1BExchange tokenHigh-performance chains
5XRPXRP$1.43−0.2%+24.5%$89.4BStablecoins
6USDCUSDC$0.9999+0.0%+0.0%$73.8BStablecoins
7SolanaSOL$104.01+6.9%+19.2%$60.7BHigh-performance chainsOn-chain financeStablecoinsRWA tokenization
8TRONTRX$0.3361−0.1%+0.5%$31.9BStablecoinsHigh-performance chains
9Figure HelocFIGR_HELOC$1.00−0.7%−3.9%$21.8BRWA tokenization
10HyperliquidHYPE$82.47−1.0%+14.1%$18.3BOn-chain financeReal yield
11DogecoinDOGE$0.0881+1.6%+15.6%$13.7BAttention / culture
12ZcashZEC$782.02−1.4%+41.0%$13.2BPrivacy
13RainRAIN$0.0175−0.5%+26.5%$12.4B
14USDSUSDS$0.9999+0.0%+0.0%$9.8BStablecoins
15ChainlinkLINK$11.71+2.5%+11.2%$8.8BModular infrastructureRWA tokenization
16WhiteBIT CoinWBT$73.54+1.2%+21.9%$8.7BExchange token
17LEO TokenLEO$9.32+0.4%+0.8%$8.6BExchange token
18MoneroXMR$451.19+1.4%+7.5%$8.5BPrivacy
19CardanoADA$0.2121+0.4%+13.2%$7.9BHigh-performance chains
20StellarXLM$0.1850+0.2%+6.8%$6.4BStablecoins
21Bitcoin CashBCH$268.19+0.5%+24.2%$5.4BStore of value
22DaiDAI$0.9998+0.0%+0.0%$4.6BStablecoins
23CantonCC$0.1154−1.5%+12.1%$4.6BRWA tokenization
24USD1USD1$0.9999+0.0%+0.1%$4.1BStablecoins
25Ethena USDeUSDE$0.9998+0.0%+0.0%$4.0BStablecoins
26Gram (prev. Toncoin)GRAM$1.41−0.8%+2.9%$3.9BHigh-performance chains
27LitecoinLTC$49.84−1.3%+5.7%$3.9BStore of value
28HederaHBAR$0.0781+0.5%+8.3%$3.4BRWA tokenizationHigh-performance chains
29Global DollarUSDG$1.00+0.0%+0.0%$3.3BStablecoins
30AvalancheAVAX$7.40+0.2%+7.7%$3.2BHigh-performance chainsRWA tokenization
31Shiba InuSHIB$0.0000054+1.2%+8.5%$3.2BAttention / culture
32SuiSUI$0.7607−0.1%+6.5%$3.1BHigh-performance chains
33CronosCRO$0.0605+2.8%+18.2%$2.9BExchange token
34Circle USYCUSYC$1.14+0.0%+0.1%$2.9BRWA tokenization
35BlackRock USD Institutional Digital Liquidity FundBUIDL$1.00+0.0%+0.0%$2.8BRWA tokenization
36Tether GoldXAUT$5K−0.7%+2.3%$2.8BRWA tokenization
37PayPal USDPYUSD$0.9998−0.0%+0.0%$2.8BStablecoins
38UniswapUNI$4.43+3.3%+20.1%$2.8BOn-chain finance
39MemeCoreM$1.12−2.3%−9.6%$2.5BAttention / culture
40NEAR ProtocolNEAR$1.90+1.9%+9.3%$2.5BCrypto × AIHigh-performance chains
41BittensorTAO$252.90+7.3%+20.8%$2.4BCrypto × AI
42OKBOKB$112.80−0.9%+8.1%$2.4BExchange token
43Ondo US Dollar YieldUSDY$1.14−0.2%+0.1%$2.2BRWA tokenization
44Ripple USDRLUSD$1.00+0.0%+0.0%$2.1BStablecoins
45PAX GoldPAXG$5K−0.8%+2.3%$2.0BRWA tokenization
46AaveAAVE$125.98−0.4%+30.9%$1.9BOn-chain financeReal yield
47AsterASTER$0.7088+0.4%+8.0%$1.9BOn-chain finance
48Pump.funPUMP$0.0048−1.6%+47.1%$1.9BAttention / culture
49World Liberty FinancialWLFI$0.0580−1.8%−1.6%$1.8BStablecoins
50OndoONDO$0.3721+1.0%+6.7%$1.8BRWA tokenization
51MorphoMORPHO$2.62+3.2%+18.3%$1.7BOn-chain finance
52MantleMNT$0.5160+1.9%+10.9%$1.7BModular infrastructure
53PepePEPE$0.0000039+3.4%+23.3%$1.7BAttention / culture
54SkySKY$0.0683+0.0%+12.9%$1.6BOn-chain financeReal yield
55HTX DAOHTX$0.0000017+0.5%+0.3%$1.5BExchange token
56USDDUSDD$0.9997+0.0%+0.0%$1.5BStablecoins
57PolkadotDOT$0.8728+2.5%+9.7%$1.5BModular infrastructure
58EthenaENA$0.1506+4.6%+60.3%$1.5BStablecoins
59WorldcoinWLD$0.4010+0.7%+10.6%$1.4BCrypto × AI
60Bitget TokenBGB$1.96+3.1%+9.1%$1.4BExchange token
61Internet ComputerICP$2.43+1.4%+4.0%$1.4BCrypto × AIHigh-performance chains
62Falcon USDUSDF$0.9962+0.0%+0.1%$1.3BStablecoins
63BFUSDBFUSD$1.00+0.0%+0.1%$1.3BStablecoins
64United StablesU$0.9994+0.0%+0.0%$1.3BStablecoins
65USDGOUSDGO$1.00+0.0%+0.0%$1.2BStablecoins
66Ethereum ClassicETC$7.83+1.0%+17.0%$1.2B
67Spiko Amundi Overnight Swap Fund (EUR)EURSAFO$1.18−0.2%−0.4%$1.2BRWA tokenization
68POL (ex-MATIC)POL$0.1074−10.1%+32.1%$1.1BModular infrastructure
69BitwayBTW$0.4014+4.0%+7.9%$1.1B
70Pi NetworkPI$0.0904+0.2%+0.0%$1.0B
71KuCoinKCS$7.22+0.4%−0.5%$989.7MExchange token
72Blockchain CapitalBCAP$106.25+0.0%+0.4%$968.2MRWA tokenization
73QuantQNT$62.63+0.3%+4.6%$910.9MModular infrastructure
74Spiko EU T-Bills Money Market FundEUTBL$1.23−0.2%−0.4%$906.6MRWA tokenization
75Janus Henderson Anemoy Treasury FundJTRSY$1.11+0.0%+0.1%$873.8MRWA tokenization
76GateGT$8.13+3.0%+17.4%$866.1MExchange token
77Venice TokenVVV$18.18+5.8%+28.5%$863.7MCrypto × AI
78LighterLIT$3.43+2.2%+20.5%$856.0MOn-chain finance
79NEXONEXO$0.8531+2.5%+11.2%$853.1MExchange token
80Invesco Short Duration US Government Securities FundUSTB$11.19+0.0%+0.1%$820.7MRWA tokenization
81JUSTJST$0.1000+1.1%−5.7%$819.2MOn-chain finance
82AlgorandALGO$0.0906+1.6%+8.3%$818.7MHigh-performance chains
83RenderRENDER$1.54+1.4%+11.0%$798.0MCrypto × AIDePIN
84Cosmos HubATOM$1.51−2.5%+1.5%$797.9MModular infrastructure
85KaspaKAS$0.0279+1.9%+2.4%$771.4MStore of value
86JupiterJUP$0.2227−0.8%+19.3%$739.5MOn-chain finance
87Janus Henderson Anemoy AAA CLO FundJAAA$1.05+0.0%+0.1%$703.0MRWA tokenization
88​​StableSTABLE$0.0272−4.3%−7.4%$699.9MStablecoins
89GHOGHO$0.9990+0.0%+0.0%$698.3MStablecoins
90YLDSYLDS$1.0000+0.0%+0.0%$676.5MRWA tokenization
91BeldexBDX$0.0807−1.1%−1.9%$635.4MPrivacy
92ArbitrumARB$0.0907−2.3%+2.7%$605.2MModular infrastructure
93Pudgy PenguinsPENGU$0.0094−0.3%+40.2%$590.4MAttention / culture
94FilecoinFIL$0.7111−0.6%+4.3%$586.9MDePIN
95Official TrumpTRUMP$2.32+2.1%+37.9%$582.6MAttention / culture
96VeChainVET$0.0067+19.4%+37.9%$580.2MRWA tokenization
97FlareFLR$0.0065+0.2%+1.5%$566.6MModular infrastructure
98SPX6900SPX$0.6077+12.2%+59.9%$564.6MAttention / culture
99Ether.fiETHFI$0.5850+0.4%+1.4%$564.5MRestakingReal yield
100XDC NetworkXDC$0.0280+0.3%+2.2%$557.9MRWA tokenization

Market data: CoinGecko. Thesis matches are Moonkelp’s own editorial mapping of the capital layer — a token can belong to more than one thesis; the filled chip is its primary fit. Perspectives, not investment advice.