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·87 matched to a thesis·by market cap

Tap a column to sort.

#TokenPrice24h7dMarket capTheses
1BitcoinBTC$82,912+1.2%−0.5%$1.67TStore of valueInstitutional adoption
2EthereumETH$2,448+1.9%−2.2%$299.0BEthereum settlementStablecoinsOn-chain financeRWA tokenizationInstitutional adoption
3TetherUSDT$0.9993+0.0%−0.0%$183.0BStablecoins
4BNBBNB$740.63+1.2%+0.0%$97.4BExchange tokenHigh-performance chains
5XRPXRP$1.33+2.4%−2.3%$84.3BStablecoins
6USDCUSDC$0.9998−0.0%−0.0%$72.2BStablecoins
7SolanaSOL$106.45+1.4%−0.2%$62.8BHigh-performance chainsOn-chain financeStablecoinsRWA tokenization
8TRONTRX$0.3310−0.1%+1.0%$31.4BStablecoinsHigh-performance chains
9Figure HelocFIGR_HELOC$1.03+0.3%−0.5%$24.7BRWA tokenization
10ZcashZEC$1,255+9.8%+3.7%$21.3BPrivacy
11HyperliquidHYPE$80.56+1.8%−1.0%$17.9BOn-chain financeReal yield
12DogecoinDOGE$0.0818+2.8%−3.0%$12.8BAttention / culture
13MoneroXMR$599.34−1.1%+13.4%$11.3BPrivacy
14USDSUSDS$1.00−0.0%−0.1%$10.0BStablecoins
15WhiteBIT CoinWBT$81.06+1.3%−0.9%$9.6BExchange token
16ChainlinkLINK$12.29+2.4%−4.7%$9.4BModular infrastructureRWA tokenization
17CardanoADA$0.2237+2.8%−5.5%$8.4BHigh-performance chains
18LEO TokenLEO$9.05+0.4%+1.6%$8.3BExchange token
19RainRAIN$0.0095+7.7%−5.3%$6.7B—
20StellarXLM$0.1822+2.7%−4.7%$6.4BStablecoins
21NEAR ProtocolNEAR$4.90−0.1%−2.6%$6.4BCrypto × AIHigh-performance chains
22Bitcoin CashBCH$282.66+1.2%+3.1%$5.7BStore of value
23LitecoinLTC$61.29+2.7%−0.3%$4.8BStore of value
24Ethena USDeUSDE$0.9997−0.0%−0.0%$4.7BStablecoins
25UniswapUNI$7.46+2.5%−1.7%$4.7BOn-chain finance
26DaiDAI$1.00−0.0%+0.0%$4.5BStablecoins
27AvalancheAVAX$9.74+1.6%−5.1%$4.3BHigh-performance chainsRWA tokenization
28SuiSUI$1.03+3.5%−1.8%$4.2BHigh-performance chains
29CantonCC$0.1063+1.6%−16.9%$4.2BRWA tokenization
30USD1USD1$0.9990+0.0%−0.1%$4.0BStablecoins
31Gram (prev. Toncoin)GRAM$1.35−0.7%−2.4%$3.8BHigh-performance chains
32HederaHBAR$0.0843+2.0%−4.0%$3.7BRWA tokenizationHigh-performance chains
33Tether GoldXAUT$4,117−0.3%−1.0%$3.3BRWA tokenization
34Global DollarUSDG$1.00−0.0%−0.0%$3.1BStablecoins
35BittensorTAO$274.01+2.6%−1.7%$3.1BCrypto × AI
36Shiba InuSHIB$0.0000051+2.5%−1.2%$3.0BAttention / culture
37CronosCRO$0.0577+0.4%−2.7%$2.9BExchange token
38BitwayBTW$1.91−2.0%+1.8%$2.9B—
39PayPal USDPYUSD$1.00+0.0%−0.1%$2.9BStablecoins
40QuantQNT$194.75+0.4%−9.4%$2.8BModular infrastructure
41EthenaENA$0.1965+4.4%−6.7%$2.6BStablecoins
42OKBOKB$115.35+1.3%−5.0%$2.4BExchange token
43Ripple USDRLUSD$1.00−0.0%−0.0%$2.4BStablecoins
44AaveAAVE$154.90+4.1%−3.1%$2.4BOn-chain financeReal yield
45Circle USYCUSYC$1.14+0.0%+0.1%$2.4BRWA tokenization
46Ondo US Dollar YieldUSDY$1.15+0.1%+0.1%$2.4BRWA tokenization
47WorldcoinWLD$0.5904+11.8%+14.7%$2.3BCrypto × AI
48OndoONDO$0.4532+4.3%−2.6%$2.2BRWA tokenization
49BlackRock USD Institutional Digital Liquidity FundBUIDL$1.00+0.0%+0.0%$2.2BRWA tokenization
50Pump.funPUMP$0.0047+5.6%−5.7%$2.2BAttention / culture
51PolkadotDOT$1.15−0.5%−1.5%$2.0BModular infrastructure
52AsterASTER$0.7165+0.6%+0.9%$1.9BOn-chain finance
53PepePEPE$0.0000046+9.5%+8.5%$1.9BAttention / culture
54Falcon USDUSDF$0.9949−0.0%+0.0%$1.9BStablecoins
55PAX GoldPAXG$4,122−0.2%−1.0%$1.8BRWA tokenization
56SkySKY$0.0758+7.7%−0.9%$1.8BOn-chain financeReal yield
57USDDUSDD$0.9989+0.0%+0.0%$1.8BStablecoins
58MantleMNT$0.5344+0.2%−0.8%$1.8BModular infrastructure
59MemeCoreM$0.7714+6.4%−7.5%$1.8BAttention / culture
60World Liberty FinancialWLFI$0.0554+1.9%−4.0%$1.8BStablecoins
61Spiko Amundi Overnight Swap Fund (EUR)EURSAFO$1.14+0.2%+0.3%$1.7BRWA tokenization
62MorphoMORPHO$2.40−3.4%+1.1%$1.7BOn-chain finance
63Internet ComputerICP$2.92+2.2%−5.9%$1.6BCrypto × AIHigh-performance chains
64United StablesU$0.9995+0.0%+0.0%$1.6BStablecoins
65HTX DAOHTX$0.0000017+0.3%+0.2%$1.5BExchange token
66Bitget TokenBGB$1.91+0.9%−2.8%$1.3BExchange token
67BFUSDBFUSD$0.9990+0.0%+0.0%$1.3BStablecoins
68ArbitrumARB$0.1879−4.8%−1.4%$1.3BModular infrastructure
69USDGOUSDGO$1.00+0.0%+0.0%$1.3BStablecoins
70Ethereum ClassicETC$7.93+2.1%−2.5%$1.3B—
71Venice TokenVVV$25.47+4.9%+15.4%$1.2BCrypto × AI
72JUSTJST$0.1398−0.5%+1.0%$1.1BOn-chain finance
73GateGT$10.16+2.1%−4.9%$1.1BExchange token
74JupiterJUP$0.3147+7.3%−5.1%$1.0BOn-chain finance
75KaspaKAS$0.0373+7.0%−3.5%$1.0BStore of value
76KuCoinKCS$7.37−0.7%−6.2%$1.0BExchange token
77AlgorandALGO$0.1134+3.4%−6.1%$1.0BHigh-performance chains
78POL (ex-MATIC)POL$0.0948+2.6%−6.8%$1.0BModular infrastructure
79RenderRENDER$1.86+2.5%−9.7%$963.1MCrypto × AIDePIN
80Cosmos HubATOM$1.75+0.9%−6.9%$941.5MModular infrastructure
81InjectiveINJ$8.95+4.6%+10.3%$895.9MOn-chain finance
82Pi NetworkPI$0.0791+1.0%−2.0%$891.6M—
83Aerodrome FinanceAERO$0.8833+11.2%−2.2%$868.4M—
84FilecoinFIL$1.03+1.9%−11.3%$863.6MDePIN
85LighterLIT$3.39+10.1%+1.2%$848.3MOn-chain finance
86Open USDOUSD$0.9988−0.1%−0.1%$826.8M—
87NEXONEXO$0.8192+1.5%−1.3%$819.1MExchange token
88LayerZeroZRO$2.03+6.4%+0.1%$811.5MModular infrastructure
89Invesco Short Duration US Government Securities FundUSTB$11.25+0.0%+0.1%$779.9MRWA tokenization
90PearlPEARL$2.09+5.9%+13.0%$736.9M—
91AkedoAKE$0.0321+6.5%+27.2%$731.5M—
92AptosAPT$0.8262+8.0%−1.8%$729.6MHigh-performance chains
93PancakeSwapCAKE$2.22+1.1%−3.0%$706.1M—
94GHOGHO$0.9984+0.0%−0.0%$697.9MStablecoins
95Ether.fiETHFI$0.7172+5.4%+5.4%$692.5MRestakingReal yield
96MidnightNIGHT$0.0401+0.1%−10.2%$665.5M—
97StacksSTX$0.3545−1.7%−17.2%$664.8M—
98DashDASH$50.36+0.7%+1.1%$648.1M—
99XDC NetworkXDC$0.0322−1.3%−6.2%$643.2MRWA tokenization
100Pyth NetworkPYTH$0.0794+8.7%+2.0%$625.8M—

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.

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