# Bitway (BTW): crypto price, market cap and strength versus Bitcoin > Bitway (BTW) closed at $0.9661 on 3 November 2026, with a market capitalisation of $1.5B (rank 62) on 4 November 2026. It has no 200-day average on file. Its 90-day reading against Bitcoin is unavailable, so relative strength is not called here. DeFi as a theme is -2.9% against Bitcoin over 13 weeks. Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms ## What is Bitway (BTW)? Bitway (BTW) is a crypto token that CoinGecko lists under decentralized finance (DeFi), yield farming and governance. We place it in the DeFi theme, with 44 coins. Its highest daily close since 5 June 2026 was $2.45 on 17 October 2026; its lowest was $0.04843 on 17 June 2026. ## Agent research brief - What this coin is: Bitway (BTW), a DeFi token of $1.5B at market-cap rank 62. On-chain activity is sourced from protocol. - What the tape says: No 90-day Bitcoin-relative reading is available; no 200-day average on file. DeFi as a theme is -2.9% against Bitcoin over 13 weeks. - What the evidence supports: Nothing is ranked for Bitway this week: No traded volume is reported on most of the last 30 days, so it has no liquidity reading. - What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. Bitway does publish network fees, protocol revenue, total value locked. Theme: DeFi (/crypto/sector/defi). Price 2026-11-03; market-cap snapshot 2026-11-04. ## Price, returns and risk Bitway's one-year return is withheld because the series is incomplete. Annualised 30-day volatility is 320%. Its deepest fall from a high inside the last 90 days is 53%. - Price: $0.9661 - Market cap: $1.5B (rank 62) - Returns: 7d -35%; 30d -14%; 90d , ; 180d , ; 1y n/a - Versus Bitcoin, 90d:, (percentage points: its return minus Bitcoin's) - 30-day volatility: 320% annualised; deepest 90-day fall 53% - 200-day average: unavailable ## Protocol economics Bitway publishes 3 of the six network-economics series this site tracks: network fees, protocol revenue, total value locked. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q3 2026 quarter. - Network fees: trailing four quarters , ; change , ; covered 3/20 quarters - Protocol revenue: trailing four quarters , ; change , ; covered 3/20 quarters - Total value locked: latest quarter $75.4M; change , ; covered 3/20 quarters ## Research score Bitway is NOT RATED this week. No traded volume is reported on most of the last 30 days, so it has no liquidity reading. No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built. ## DeFi scorecard Bitway is one of 44 DeFi coins here, 29 of which carry enough evidence to be rated and ranked. Bitway is not among them this week, for the reason stated above. The table below is the theme's own scorecard, in its own order, with this coin marked. - 1. JUST (JST): score 67.4; evidence 50%; Price-led, little network data - 2. Fluid (FLUID): score 64.2; evidence 50%; Thinly traded - 3. Ethena (ENA): score 63.8; evidence 50%; Price-led, little network data - 4. Convex Finance (CVX): score 60.7; evidence 91%; Thinly traded - 5. USD.AI (CHIP): score 60.6; evidence 64%; Thinly traded - 6. Anvil (ANVL): score 60.4; evidence 55%; Thinly traded - 7. Renzo (REZ): score 59.2; evidence 91%; Mixed - 8. Triple Plus (TPT): score 59.2; evidence 50%; Thinly traded - 9. BIM (BIM): score 53.2; evidence 50%; Thinly traded - 10. Stargate Finance (STG): score 51.5; evidence 43%; Thinly traded - 11. Numeraire (NMR): score 50.6; evidence 55%; Price-led, little network data - 12. Bounce (AUCTION): score 49.4; evidence 55%; Price-led, little network data - 13. Yield Basis (YB): score 47.3; evidence 71%; Thinly traded - 14. Orbs (ORBS): score 45.2; evidence 50%; Thinly traded - 15. Bonfida (FIDA): score 44.8; evidence 50%; Price-led, little network data - 16. Sun Token (SUN): score 44.2; evidence 55%; Price-led, little network data - 17. Terra Luna Classic (LUNC): score 43.2; evidence 50%; Price-led, little network data - 18. SoSoValue (SOSO): score 42.8; evidence 50%; Thinly traded - 19. Liquity (LQTY): score 40.6; evidence 50%; Thinly traded - 20. Lombard (BARD): score 40.1; evidence 43%; Thinly traded - 21. Chainflip (FLIP): score 39.8; evidence 50%; Thinly traded - 22. Spell (SPELL): score 39.6; evidence 50%; Thinly traded - 23. Sei (SEI): score 39.1; evidence 76%; Behind most - 24. HOME (HOME): score 38.6; evidence 43%; Thinly traded - 25. DeXe (DEXE): score 37.8; evidence 50%; Price-led, little network data - 26. yearn.finance (YFI): score 37.8; evidence 50%; Thinly traded - 27. Berachain (BERA): score 32.8; evidence 66%; Price-led, little network data - 28. Fogo (FOGO): score 29.7; evidence 50%; Thinly traded - 29. AI Powered Finance (AIPF): score 28.5; evidence 50%; Thinly traded - , . Bitway (BTW) [this coin]: score not rated; evidence 0%; Not rated ## Limitations - Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders. - Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag. - No valuation band exists for any coin: historical market capitalisation is not held at all. - Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred. - The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal. ## FAQs ### What is Bitway (BTW)? Bitway (BTW) is a crypto token that CoinGecko lists under decentralized finance (DeFi), yield farming and governance. We place it in the DeFi theme, with 44 coins. Its highest daily close since 5 June 2026 was $2.45 on 17 October 2026; its lowest was $0.04843 on 17 June 2026. ### What is the market cap of Bitway? Bitway's market capitalisation is $1.5B, ranking it 62 in the top-1,000 crypto universe, read on 4 November 2026. It is refreshed separately from the daily price. ### Is Bitway beating Bitcoin? Bitway has no usable 90-day reading against Bitcoin at present, so this page does not call its relative strength. DeFi as a whole is -2.9% against Bitcoin over 13 weeks. ### What is Bitway's highest price? The highest daily close we hold for Bitway is $2.45, on 17 October 2026, in records from 5 June 2026. The lowest is $0.04843, on 17 June 2026. The close on 3 November 2026, $0.9661, is 60% below that high. ### Does Bitway have a P/E ratio? No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead. ### Why is Bitway not rated? No traded volume is reported on most of the last 30 days, so it has no liquidity reading. It stays on the site with its price history visible, because a missing reading is not a middling reading and a made-up score would be worse than none. ### How much Bitway history does this page show? Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Bitway actually publishes. Here that is network fees, protocol revenue, total value locked. ### How much did Bitway earn in the last 30 days? In the 30 days to 30 October 2026, DefiLlama shows $274.7K of fees and $49.8K of protocol revenue for Bitway. Over 90 days: $1.4M of fees and $307.8K of revenue. Fees are what users paid; revenue is the part the protocol keeps. ### Does Bitway generate network fees? Bitway publishes a network fees series but not a complete four-quarter total. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.