Five-year price · 20 complete calendar quarters · BTC-relative

Exchange Tokens Crypto Coins

Is Exchange Tokens outperforming Bitcoin, and is leadership broad?

Bottom line

OKB ranks first for research priority in Exchange Tokens crypto at 68.2/100, and its native activity proof is incomplete. The theme's 13-week excess versus Bitcoin is -3.1% on 15% breadth, which is what decides whether that lead is isolated or broad. 0 of the 20 assets here carry enough native evidence to move past a tape-led label.

These Exchange Tokens coins are part of the cryptocurrency universe this site tracks daily — 894 of the top 1,000 crypto currency assets by market cap, priced from exchange closes and matched to protocol fees and revenue where a protocol publishes them.

The theme itself · before any single company

How has Exchange Tokens moved against Bitcoin?

The line below covers up to 5 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this theme is 50% ahead of Bitcoin. Quarterly protocol revenue is not reported often enough here to draw a lane underneath the price.

TURNING · ahead 2w·Price up, without the fundamentals confirming12 of 21 coins ahead of Bitcoin by 5% or more over three months

RS ↑2w · 3/21 >200d (+0) · 12/21 lead (+4) · EPS —

Exchange Tokens, equal-weighted, based at 200 Bitcoin, same base, same start trailing 12-month protocol revenue rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the theme line is an equal-weighted index of its 21 coins. The bars underneath are trailing 12-month protocol revenue, one bar per reported quarter, each member rebased to 100 at the start and the theme taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while protocol revenue grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

RISK OFF market context

Exchange Tokens vs Bitcoin — Relative Strength & Breadth

Exchange Tokens crypto has outperformed Bitcoin by 8.5% over 52 weeks on an equal-weight index of current members. Over 13 weeks the figure is -3.1%. 3 of 20 covered assets are above their own 200-day average. OKB leads Bitcoin-relative strength at +21.2%. Price readings are as of 2026-07-31.

-3.1%13w vs BTC

+8.5%52w vs BTC

3/20Above 200-DMA

OKBRS leader · +21%

Assets

canonical functional membership

Activity-covered

0/20

enough native evidence

Top score

68.2/100

OKB

Calendar quarters

complete; missing stays missing

Global asset selection · top 20 shown

00 · exact additive research priority

4-Factor Crypto Evidence Score

A within-theme research-priority score for the 20 assets in Exchange Tokens, out of 100. The four displayed point contributions add exactly to the total, and the market regime changes the action label, never the arithmetic. OKB is highest at 68.2/100 on 55% evidence. It ranks research attention, not portfolio action.

Market leadership · 35Network & economic traction · 30Value capture · 20Liquidity & downside risk · 15

OKB leads the current research queue at 68.2/100 with 55% evidence.

0/20 assets have enough native activity evidence to move beyond a tape-led label.

5 of the 25 Exchange Tokens coins are not rated this week: 4 have no price within 7 days, 1 reports no traded volume. They are listed in full below the ranking.

Missing native metrics are not scored as zero and are not silently reweighted. They pull only the affected factor toward neutral and lower its visible evidence percentage. An asset with nothing measurable at all is not scored at 50 either — it is listed as not rated.

1. OKB · OKB

68.2/100 · Tape-led · on-chain proof incomplete · 55% evidence

Exact sum: 30.3 + 15.5 + 10.0 + 12.4 = 68.2

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

30.3/35Market leadership

RS-BTC 21.2 pp · RS-sector 8.4 pp · 200-DMA above

100% evidence

15.5/30Network & economic traction

Fees — · revenue — · users —

17% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

12.4/15Liquidity & downside risk

30d median volume $17,666,605 · vol 18.4%

100% evidence

2. WhiteBIT Coin · WBT

62.2/100 · Tape-led · on-chain proof incomplete · 50% evidence

Exact sum: 25.5 + 15.0 + 10.0 + 11.7 = 62.2

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

25.5/35Market leadership

RS-BTC 13.6 pp · RS-sector 1.2 pp · 200-DMA above

100% evidence

15.0/30Network & economic traction

Fees — · revenue — · users —

0% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

11.7/15Liquidity & downside risk

30d median volume $86,363,642 · vol 30.3%

100% evidence

3. LEO Token · LEO

62.0/100 · Illiquid · research only · 50% evidence

Exact sum: 30.2 + 15.0 + 10.0 + 6.8 = 62.0

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

30.2/35Market leadership

RS-BTC 14.7 pp · RS-sector 6.4 pp · 200-DMA above

100% evidence

15.0/30Network & economic traction

Fees — · revenue — · users —

0% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

6.8/15Liquidity & downside risk

30d median volume $325,071 · vol 14.2%

100% evidence

4. BNB · BNB

61.7/100 · Tape-led · on-chain proof incomplete · 55% evidence

Exact sum: 23.6 + 15.1 + 10.0 + 13.0 = 61.7

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

23.6/35Market leadership

RS-BTC 15.1 pp · RS-sector 7.5 pp · 200-DMA below

100% evidence

15.1/30Network & economic traction

Fees — · revenue — · users —

17% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

13.0/15Liquidity & downside risk

30d median volume $1,037,116,398 · vol 25.3%

100% evidence

5. HTX DAO · HTX

58.5/100 · Tape-led · on-chain proof incomplete · 42% evidence

Exact sum: 19.5 + 15.0 + 10.0 + 14.0 = 58.5

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

19.5/35Market leadership

RS-BTC 20.1 pp · RS-sector 0.9 pp · 200-DMA below

77% evidence

15.0/30Network & economic traction

Fees — · revenue — · users —

0% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

14.0/15Liquidity & downside risk

30d median volume $57,572,514 · vol 0%

100% evidence

6. MX · MX

58.3/100 · Tape-led · on-chain proof incomplete · 55% evidence

Exact sum: 20.4 + 17.5 + 10.0 + 10.4 = 58.3

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

20.4/35Market leadership

RS-BTC 11.9 pp · RS-sector -1.4 pp · 200-DMA below

100% evidence

17.5/30Network & economic traction

Fees — · revenue — · users —

17% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

10.4/15Liquidity & downside risk

30d median volume $5,124,669 · vol 9.6%

100% evidence

7. XT.com · XT

51.9/100 · Tape-led · on-chain proof incomplete · 50% evidence

Exact sum: 18.2 + 15.0 + 10.0 + 8.7 = 51.9

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

18.2/35Market leadership

RS-BTC 5.8 pp · RS-sector 6.4 pp · 200-DMA below

100% evidence

15.0/30Network & economic traction

Fees — · revenue — · users —

0% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

8.7/15Liquidity & downside risk

30d median volume $5,948,482 · vol 31.2%

100% evidence

8. Bitget Token · BGB

50.5/100 · Tape-led · on-chain proof incomplete · 50% evidence

Exact sum: 15.4 + 15.0 + 10.0 + 10.1 = 50.5

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

15.4/35Market leadership

RS-BTC 0.5 pp · RS-sector 1.9 pp · 200-DMA below

100% evidence

15.0/30Network & economic traction

Fees — · revenue — · users —

0% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

10.1/15Liquidity & downside risk

30d median volume $8,539,979 · vol 38.2%

100% evidence

9. Gate · GT

49.9/100 · Illiquid · research only · 55% evidence

Exact sum: 19.5 + 13.5 + 10.0 + 6.9 = 49.9

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

19.5/35Market leadership

RS-BTC 10 pp · RS-sector 0.3 pp · 200-DMA below

100% evidence

13.5/30Network & economic traction

Fees — · revenue — · users —

17% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

6.9/15Liquidity & downside risk

30d median volume $2,280,224 · vol 21%

100% evidence

10. NKYC Token · NKYC

45.9/100 · Illiquid · research only · 55% evidence

Exact sum: 17.2 + 12.8 + 10.0 + 5.9 = 45.9

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

17.2/35Market leadership

RS-BTC 8.4 pp · RS-sector -3.6 pp · 200-DMA below

100% evidence

12.8/30Network & economic traction

Fees — · revenue — · users —

17% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

5.9/15Liquidity & downside risk

30d median volume $190,876 · vol 19.1%

100% evidence

11. NEXO · NEXO

45.6/100 · Tape-led · on-chain proof incomplete · 55% evidence

Exact sum: 11.4 + 13.8 + 10.0 + 10.4 = 45.6

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

11.4/35Market leadership

RS-BTC -0.8 pp · RS-sector -3.2 pp · 200-DMA below

100% evidence

13.8/30Network & economic traction

Fees — · revenue — · users —

17% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

10.4/15Liquidity & downside risk

30d median volume $6,734,206 · vol 28.8%

100% evidence

12. BTSE Token · BTSE

43.8/100 · Illiquid · research only · 50% evidence

Exact sum: 13.8 + 15.0 + 10.0 + 5.0 = 43.8

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

13.8/35Market leadership

RS-BTC 0.4 pp · RS-sector -0.3 pp · 200-DMA below

100% evidence

15.0/30Network & economic traction

Fees — · revenue — · users —

0% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

5.0/15Liquidity & downside risk

30d median volume $2,926,115 · vol 59.9%

100% evidence

13. Bit2Me · B2M

41.0/100 · Illiquid · research only · 50% evidence

Exact sum: 15.2 + 15.0 + 10.0 + 0.8 = 41.0

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

15.2/35Market leadership

RS-BTC -4.6 pp · RS-sector 39.2 pp · 200-DMA below

100% evidence

15.0/30Network & economic traction

Fees — · revenue — · users —

0% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

0.8/15Liquidity & downside risk

30d median volume $19,365 · vol 133%

100% evidence

14. Cronos · CRO

39.1/100 · Tape-led · on-chain proof incomplete · 69% evidence

Exact sum: 12.5 + 8.8 + 10.0 + 7.8 = 39.1

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

12.5/35Market leadership

RS-BTC -0.4 pp · RS-sector -1.7 pp · 200-DMA below

100% evidence

8.8/30Network & economic traction

Fees -98.6% · revenue — · users —

63% evidence

10.0/20Value capture

Fee yield 0.01% · revenue yield —

0% evidence

7.8/15Liquidity & downside risk

30d median volume $6,691,273 · vol 53.5%

100% evidence

15. KuCoin · KCS

39.1/100 · Illiquid · research only · 55% evidence

Exact sum: 9.9 + 14.1 + 10.0 + 5.1 = 39.1

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

9.9/35Market leadership

RS-BTC -2 pp · RS-sector -3.8 pp · 200-DMA below

100% evidence

14.1/30Network & economic traction

Fees — · revenue — · users —

17% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

5.1/15Liquidity & downside risk

30d median volume $2,681,731 · vol 36.2%

100% evidence

16. bitcastle Token · BCE

34.4/100 · Illiquid · research only · 50% evidence

Exact sum: 6.7 + 15.0 + 10.0 + 2.7 = 34.4

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

6.7/35Market leadership

RS-BTC -16.5 pp · RS-sector -5.6 pp · 200-DMA below

100% evidence

15.0/30Network & economic traction

Fees — · revenue — · users —

0% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

2.7/15Liquidity & downside risk

30d median volume $37,421 · vol 37.2%

100% evidence

17. HashKey Platform Token · HSK

34.3/100 · Illiquid · research only · 55% evidence

Exact sum: 8.6 + 12.5 + 10.0 + 3.2 = 34.3

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

8.6/35Market leadership

RS-BTC -27 pp · RS-sector 12.3 pp · 200-DMA below

100% evidence

12.5/30Network & economic traction

Fees — · revenue — · users —

17% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

3.2/15Liquidity & downside risk

30d median volume $2,406,849 · vol 101.2%

100% evidence

18. BitMart · BMX

32.3/100 · Tape-led · on-chain proof incomplete · 55% evidence

Exact sum: 2.2 + 13.1 + 10.0 + 7.0 = 32.3

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

2.2/35Market leadership

RS-BTC -64.4 pp · RS-sector -84.1 pp · 200-DMA below

100% evidence

13.1/30Network & economic traction

Fees — · revenue — · users —

17% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

7.0/15Liquidity & downside risk

30d median volume $9,487,062 · vol 554.8%

100% evidence

19. Global Commercial Business · GCB

31.7/100 · Illiquid · research only · 50% evidence

Exact sum: 4.9 + 15.0 + 10.0 + 1.8 = 31.7

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

4.9/35Market leadership

RS-BTC -11.8 pp · RS-sector -17.2 pp · 200-DMA below

100% evidence

15.0/30Network & economic traction

Fees — · revenue — · users —

0% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

1.8/15Liquidity & downside risk

30d median volume $73 · vol 52.6%

100% evidence

20. MBG By Multibank Group · MBG

30.7/100 · Illiquid · research only · 50% evidence

Exact sum: 0.5 + 15.0 + 10.0 + 5.2 = 30.7

Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

0.5/35Market leadership

RS-BTC -42.7 pp · RS-sector -33.3 pp · 200-DMA below

100% evidence

15.0/30Network & economic traction

Fees — · revenue — · users —

0% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

5.2/15Liquidity & downside risk

30d median volume $3,929,022 · vol 52.2%

100% evidence

01 · complete calendar-quarter evidence

Which projects are generating the most network fees?

LeaderCronos · $175.3K

GapNot comparable

Persistence0 assets have positive comparable growth

Coverage1/20 assets

Investor read: Use this as a network-economics research lead, not token-holder earnings. Verify whether the measured activity accrues to the token before treating scale as value capture.

This conclusion weakens if: fee growth turns negative across two complete calendar quarters or fee coverage falls below the stated threshold.

Trailing 12-month fees is the sum of the latest four complete calendar quarters. Growth compares that sum with the prior four-quarter sum.

Trailing 12-month feestop five

1Cronos CRO$175.3K

Fee growthtop five

1Cronos CRO-99%

Network fees · asset comparison

1/20 level · 1/20 change

Latest comparable data · top 20 shown first

Asset	Trailing 12-month fees	Fee growth
okb	—	—
whitebit	—	—
leo-token	—	—
binancecoin	—	—
htx-dao	—	—
mx-token	—	—
xtcom-token	—	—
bitget-token	—	—
gatechain-token	—	—
nkyc-token	—	—
nexo	—	—
btse-token	—	—
bit2me	—	—
crypto-com-chain	$27.2K	-99%
kucoin-shares	—	—
bitcastle-token	—	—
hashkey-ecopoints	—	—
bitmart-token	—	—
global-commercial-business	—	—
mbg-by-multibank-group	—	—

03 · complete calendar-quarter evidence

Where is capital actually committed on-chain?

LeaderOKB · $21.6B

Gap121% versus #2

Persistence1 assets have positive comparable growth

Coverage10/20 assets

Investor read: Use this as a network-economics research lead, not token-holder earnings. Verify whether the measured activity accrues to the token before treating scale as value capture.

This conclusion weakens if: TVL rises while fees and users fall; that pattern can be incentive-funded mercenary liquidity.

Quarter-end TVL uses protocol TVL first for protocol assets and exact-ID chain TVL for chain assets or where protocol TVL is unavailable. A blank is unavailable, not zero. Growth compares with the same complete quarter one year earlier.

Quarter-end TVLtop five

1OKB OKB$21.6B

2BNB BNB$9.7B

3MX MX$4.7B

4Gate GT$4.2B

5NEXO NEXO$284.3M

TVL growthtop five

1MX MX+221%

2OKB OKB-13%

3BNB BNB-18%

4Cronos CRO-23%

5KuCoin KCS-38%

Total value locked · asset comparison

10/20 level · 10/20 change

Latest comparable data · top 20 shown first

Asset	Quarter-end TVL	TVL growth
okb	$21.6B	-13%
whitebit	—	—
leo-token	—	—
binancecoin	$9.7B	-18%
htx-dao	—	—
mx-token	$4.7B	+221%
xtcom-token	—	—
bitget-token	—	—
gatechain-token	$4.2B	-44%
nkyc-token	$5.2M	-64%
nexo	$284.3M	-40%
btse-token	—	—
bit2me	—	—
crypto-com-chain	$840.0K	-23%
kucoin-shares	$753.2K	-38%
bitcastle-token	—	—
hashkey-ecopoints	$1.2K	-100%
bitmart-token	$13.5M	-63%
global-commercial-business	—	—
mbg-by-multibank-group	—	—

05 · complete calendar-quarter evidence

Which protocols are winning trading activity?

LeaderCronos · $59.1M

GapNot comparable

Persistence0 assets have positive comparable growth

Coverage1/20 assets

Investor read: Use this as a network-economics research lead, not token-holder earnings. Verify whether the measured activity accrues to the token before treating scale as value capture.

This conclusion weakens if: volume growth reverses or the activity is concentrated in one short-lived campaign.

Trailing 12-month DEX volume is the sum of the latest four complete calendar quarters. Growth compares that sum with the prior four-quarter sum.

Trailing 12-month DEX volumetop five

1Cronos CRO$59.1M

DEX volume growthtop five

1Cronos CRO-16%

DEX volume · asset comparison

1/20 level · 1/20 change

Latest comparable data · top 20 shown first

Asset	Trailing 12-month DEX volume	DEX volume growth
okb	—	—
whitebit	—	—
leo-token	—	—
binancecoin	—	—
htx-dao	—	—
mx-token	—	—
xtcom-token	—	—
bitget-token	—	—
gatechain-token	—	—
nkyc-token	—	—
nexo	—	—
btse-token	—	—
bit2me	—	—
crypto-com-chain	$10.3M	-16%
kucoin-shares	—	—
bitcastle-token	—	—
hashkey-ecopoints	—	—
bitmart-token	—	—
global-commercial-business	—	—
mbg-by-multibank-group	—	—

04 · let price answer last

Which assets lead on price and relative strength?

OKB leads the Exchange Tokens tape on Bitcoin-relative strength at +21% over 90 days. 3 of 20 covered assets are above their own 200-day average. Price shows what happened; BTC-relative strength shows whether the asset beat crypto’s opportunity-cost benchmark. Both lines run through 2026-07-31.

Complete set · no silent drops

Which assets are in Exchange Tokens?

20 of the 25 coins assigned to Exchange Tokens are rated and ranked below, and the other 5 are listed under it with the reason each one is not rated — tape-only names that publish no protocol activity included. Each asset has exactly one canonical functional theme, chosen by a specific-to-general first match on its categories.

Rank	Asset	Price	90d	RS-BTC	200-DMA	30d vol	Median volume	Price quality	Activity source	Score	Evidence
1	OKB OKB	$85.94	+1.1%	+21%	Above	18%	$17.7M	usable	protocol	68.2	55%
2	WhiteBIT Coin WBT	$54.85	-6.5%	+14%	Above	30%	$86.4M	usable	tape only	62.2	50%
3	LEO Token LEO	$9.76	-5.4%	+15%	Above	14%	$325.1K	usable	tape only	62.0	50%
4	BNB BNB	$586.43	-5.1%	+15%	Below	25%	$1.0B	usable	chain TVL	61.7	55%
5	HTX DAO HTX	$0.0000	0.0%	+20%	Below	0%	$57.6M	usable	tape only	58.5	42%
6	MX MX	$1.62	-8.2%	+12%	Below	10%	$5.1M	usable	protocol	58.3	55%
7	XT.com XT	$3.63	-14%	+5.8%	Below	31%	$5.9M	usable	tape only	51.9	50%
8	Bitget Token BGB	$1.62	-20%	+0.5%	Below	38%	$8.5M	usable	tape only	50.5	50%
9	Gate GT	$6.51	-10%	+10.0%	Below	21%	$2.3M	usable	protocol	49.9	55%
10	NKYC Token NKYC	$6.77	-12%	+8.4%	Below	19%	$190.9K	usable	protocol	45.9	55%
11	NEXO NEXO	$0.7209	-21%	-0.8%	Below	29%	$6.7M	usable	protocol	45.6	55%
12	BTSE Token BTSE	$0.8703	-20%	+0.4%	Below	60%	$2.9M	usable	tape only	43.8	50%
13	Bit2Me B2M	$0.0057	-25%	-4.6%	Below	133%	$19.4K	usable	tape only	41.0	50%
14	Cronos CRO	$0.0543	-21%	-0.4%	Below	54%	$6.7M	usable	protocol + chain TVL	39.1	69%
15	KuCoin KCS	$6.52	-22%	-2.0%	Below	36%	$2.7M	usable	chain TVL	39.1	55%
16	bitcastle Token BCE	$0.1228	-37%	-17%	Below	37%	$37.4K	usable	tape only	34.4	50%
17	HashKey Platform Token HSK	$0.0865	-47%	-27%	Below	101%	$2.4M	usable	chain TVL	34.3	55%
18	BitMart BMX	$0.0500	-85%	-64%	Below	555%	$9.5M	usable	protocol	32.3	55%
19	Global Commercial Business GCB	$0.0115	-32%	-12%	Below	53%	$73	usable	tape only	31.7	50%
20	MBG By Multibank Group MBG	$0.1127	-63%	-43%	Below	52%	$3.9M	usable	tape only	30.7	50%

Not rated — and why

5 of the 25 Exchange Tokens coins are not rated this week: 4 have no price within 7 days, 1 reports no traded volume. Each one stays on this page with its reason instead of being scored at the midpoint of a range nothing measured.

Coin	Market cap	Reason	Detail
Backpack BP	$140.7M	No price this week	No traded price in the 95 days to 2026-07-31.
Tokenize Xchange TKX	$100.1M	No price this week	No traded price in the 95 days to 2026-07-31.
GRX Chain GRX	$94.0M	No price this week	No traded price in the 95 days to 2026-07-31.
SAFEbit SAFE	$55.1M	No price this week	Last traded price is 2026-05-27, 65 days before this page's 2026-07-31 reading.
MAX MAX	$18.0M	No traded volume reported	No traded volume is reported on most of the last 30 days, so it has no liquidity reading.

Methodology · boundaries make the answer useful

What can make this comparison misleading?

This Exchange Tokens comparison names 5 ways its own evidence can mislead, all listed below. The largest is that crypto network activity is not company earnings: protocol revenue does not automatically accrue to token holders. Coverage is also uneven — 0 of 20 assets carry enough native evidence to rank on more than price.

Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
Market-cap values are a dated universe snapshot, not point-in-time historical supply data.
Current category labels are applied to historical prices; this creates survivorship and taxonomy hindsight.
Funding rates, open interest, liquidations, exchange flows, unlock schedules, historical circulating supply and developer activity are not held and are not inferred.
Equal weighting is used for sector history because true historical market-cap weights are unavailable.

Price and technicalsThrough 2026-07-31. Five-year weekly observations benchmarked to Bitcoin.

Protocol activityThrough 2026-07-31. Fees, revenue, protocol TVL and DEX volume.

Chain activityUsers and transactions through unavailable; separately sourced chain TVL through 2026-07-25.

Market capSnapshot dated 2026-07-04; no historical supply series is implied.

Questions the page should answer directly

Crypto analysis FAQs

These 20 answers cover the questions this page can settle from data it holds — what the category is, how the score is built, what the coverage gaps are, and what would change the read. Every answer below is also present in the page’s FAQ schema and in its plain-text rendition. None of them is a recommendation.

What is Exchange Tokens crypto?

Exchange Tokens crypto refers to cryptocurrency projects grouped by what they actually do rather than by market fashion. This page tracks 20 such coins by market cap, price and Bitcoin-relative strength, with protocol fees and revenue where a project publishes them. Readings are as of 2026-07-31.

What is the total market cap of Exchange Tokens crypto coins?

The Exchange Tokens coins on this page are tracked against a universe of 894 of the top 1,000 crypto currency assets by market cap. Market-cap metadata is dated 2026-07-04, separately from the price series, and each coin's own figure is in the table on this page.

Are Exchange Tokens crypto coins outperforming Bitcoin?

Exchange Tokens has returned +8.5% versus Bitcoin over 52 weeks and -3.1% over 13 weeks on an equal-weight current-member index. 3/20 covered assets are above their 200-day averages as of 2026-07-31.

Which Exchange Tokens asset has the strongest research score?

OKB ranks first at 68.2/100: 30.3 + 15.5 + 10.0 + 12.4 = 68.2. It is labelled “Tape-led · on-chain proof incomplete” with 55% overall evidence and 10% native-economics evidence.

Why are some Exchange Tokens coins not rated?

5 of the 25 coins are not rated this week: 4 have no price within 7 days, 1 reports no traded volume. They stay listed with the reason beside each one rather than being scored at a neutral midpoint, because a missing reading is not a middling reading.

How is the Exchange Tokens 4-factor score calculated?

The exact sum is Market leadership /35 + Network and economic traction /30 + Value capture /20 + Liquidity and downside risk /15. Missing data pulls only the affected factor toward neutral and lowers evidence; it is never silently reweighted.

Why can a Exchange Tokens asset be labelled tape-led?

Tape-led means price and relative-strength evidence exists but less than half of the native traction and value-capture evidence is available. Such assets remain visible but rank below fully evidenced assets.

Does protocol revenue accrue to the token?

Not necessarily. Protocol fees and revenue measure network economics; token-holder value depends on the protocol’s burn, buyback, staking, distribution and governance rules. This page never assumes accrual merely because revenue exists.

Does crypto have a P/E or PEG ratio?

No comparable company-style P/E or PEG is used. Where coverage permits, the page shows network fee yield and protocol-revenue yield against a dated market-cap snapshot, with an explicit token-accrual caveat.

How much history is shown for Exchange Tokens?

The page shows five years of weekly price and relative-strength history and 20 complete calendar quarters of on-chain activity where available. Missing periods remain gaps.

Why do the crypto data dates differ?

Prices and technical metrics run through 2026-07-31; protocol activity through 2026-07-31; chain users and transactions through the latest available chain date; chain TVL through 2026-07-25; market capitalisation is a separate snapshot dated 2026-07-04.

Are stablecoins and wrapped tokens included in Exchange Tokens?

No. Pegged, wrapped, liquid-staking receipt and tokenized-asset instruments are excluded because they do not have independent price discovery.

Can one token appear in multiple raw crypto categories?

Yes, but public MLA pages assign each asset to exactly one functional theme using a specific-to-general first-match taxonomy. Exchange Tokens therefore has one canonical membership list.

What would invalidate the current Exchange Tokens theme read?

The read weakens if the sector’s 13-week relative return versus Bitcoin falls below zero, fewer than one-third of covered assets remain above the 200-day average, and the leading asset’s native activity also contracts.

Does this page include funding rates, open interest or token unlocks?

No. Those datasets are not held in the current research store, so the page names them as unavailable rather than inferring them from price.

Which projects are generating the most network fees?

Cronos leads Exchange Tokens crypto on Trailing 12-month fees at $175.3K. 0 of 1 asset with comparable change data are growing. Coverage is 1 of the 20 ranked assets in this theme, through the Q2 2026 calendar quarter. Where a project publishes nothing, the cell stays blank rather than being read as zero. Investor read: Use this as a network-economics research lead, not token-holder earnings. Verify whether the measured activity accrues to the token before treating scale as value capture. This conclusion weakens if fee growth turns negative across two complete calendar quarters or fee coverage falls below the stated threshold.

Where is capital actually committed on-chain?

OKB leads Exchange Tokens crypto on Quarter-end TVL at $21.6B, 121% ahead of BNB. 1 of 10 assets with comparable change data is growing, fastest at MX. Coverage is 10 of the 20 ranked assets in this theme, through the Q2 2026 calendar quarter. Where a project publishes nothing, the cell stays blank rather than being read as zero. Investor read: Use this as a network-economics research lead, not token-holder earnings. Verify whether the measured activity accrues to the token before treating scale as value capture. This conclusion weakens if TVL rises while fees and users fall; that pattern can be incentive-funded mercenary liquidity.

Which protocols are winning trading activity?

Cronos leads Exchange Tokens crypto on Trailing 12-month DEX volume at $59.1M. 0 of 1 asset with comparable change data are growing. Coverage is 1 of the 20 ranked assets in this theme, through the Q2 2026 calendar quarter. Where a project publishes nothing, the cell stays blank rather than being read as zero. Investor read: Use this as a network-economics research lead, not token-holder earnings. Verify whether the measured activity accrues to the token before treating scale as value capture. This conclusion weakens if volume growth reverses or the activity is concentrated in one short-lived campaign.

Which Exchange Tokens project has the largest fee base?

Cronos leads covered trailing-12-month fees at $175.3K. Coverage is 1/20; this is network activity, not automatically token-holder income.

Which are the biggest Exchange Tokens crypto coins by market cap?

BNB is the largest Exchange Tokens crypto coin by market capitalisation at $77.1B, ahead of LEO Token at $8.4B and WhiteBIT Coin at $6.7B. The 20 Exchange Tokens coins on this page carry $102.6B between them, with a market-cap figure on file for 20 of them. Market-cap metadata is dated 2026-07-04.