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

Exchange Tokens Crypto Coins

Is Exchange Tokens outperforming Bitcoin, and is leadership broad?

Bottom line

WhiteBIT Coin ranks first for research priority in Exchange Tokens crypto at 70.9/100, and its native activity proof is incomplete. The theme's 13-week excess versus Bitcoin is -15.9% on 45% 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 27% ahead of Bitcoin. Quarterly protocol revenue is not reported often enough here to draw a lane underneath the price.

ASLEEP · 1y −2.3%·Price up, without the fundamentals confirming3 of 21 coins ahead of Bitcoin by 5% or more over three months

RS — · 5/21 >200d (−1) · 3/21 lead (−1) · 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.

BTC LED market context

Exchange Tokens vs Bitcoin — Relative Strength & Breadth

Exchange Tokens crypto has underperformed Bitcoin by 14.3% over 52 weeks on an equal-weight index of current members. Over 13 weeks the figure is -15.9%. 9 of 20 covered assets are above their own 200-day average. WhiteBIT Coin leads Bitcoin-relative strength at +33%. Price readings are as of 2026-09-11.

-16%13w vs BTC

-14%52w vs BTC

9/20Above 200-DMA

WBTRS leader · +33%

Assets

canonical functional membership

Activity-covered

0/20

enough native evidence

Top score

70.9/100

WhiteBIT Coin

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. WhiteBIT Coin is highest at 70.9/100 on 50% evidence. It ranks research attention, not portfolio action.

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

WhiteBIT Coin leads the current research queue at 70.9/100 with 50% 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. WhiteBIT Coin · WBT

70.9/100 · Tape-led · on-chain proof incomplete · 50% evidence

Exact sum: 34.8 + 15.0 + 10.0 + 11.1 = 70.9

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

34.8/35Market leadership

RS-BTC 33 pp · RS-sector 34.2 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

11.1/15Liquidity & downside risk

30d median volume $109,385,844 · vol 71.8%

100% evidence

2. OKB · OKB

68.8/100 · Tape-led · on-chain proof incomplete · 55% evidence

Exact sum: 31.5 + 15.3 + 10.0 + 12.0 = 68.8

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

31.5/35Market leadership

RS-BTC 31.5 pp · RS-sector 3.1 pp · 200-DMA above

100% evidence

15.3/30Network & economic traction

Fees — · revenue — · users —

17% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

12.0/15Liquidity & downside risk

30d median volume $35,335,893 · vol 54.6%

100% evidence

3. XT.com · XT

67.2/100 · Tape-led · on-chain proof incomplete · 50% evidence

Exact sum: 31.1 + 15.0 + 10.0 + 11.1 = 67.2

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

31.1/35Market leadership

RS-BTC 16.7 pp · RS-sector 14.5 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

11.1/15Liquidity & downside risk

30d median volume $8,485,356 · vol 49.7%

100% evidence

4. Gate · GT

63.8/100 · Illiquid · research only · 55% evidence

Exact sum: 33.0 + 13.5 + 10.0 + 7.3 = 63.8

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

33.0/35Market leadership

RS-BTC 19.2 pp · RS-sector 27.1 pp · 200-DMA above

100% evidence

13.5/30Network & economic traction

Fees — · revenue — · users —

17% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

7.3/15Liquidity & downside risk

30d median volume $2,546,864 · vol 54.1%

100% evidence

5. BNB · BNB

62.8/100 · Tape-led · on-chain proof incomplete · 50% evidence

Exact sum: 24.7 + 15.0 + 10.0 + 13.1 = 62.8

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

24.7/35Market leadership

RS-BTC -0.5 pp · RS-sector 7.5 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

13.1/15Liquidity & downside risk

30d median volume $1,586,903,493 · vol 46.2%

100% evidence

6. NKYC Token · NKYC

53.4/100 · Illiquid · research only · 55% evidence

Exact sum: 26.4 + 12.5 + 10.0 + 4.5 = 53.4

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

26.4/35Market leadership

RS-BTC 6.2 pp · RS-sector 21.2 pp · 200-DMA above

100% evidence

12.5/30Network & economic traction

Fees — · revenue — · users —

17% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

4.5/15Liquidity & downside risk

30d median volume $306,451 · vol 52%

100% evidence

7. Bitget Token · BGB

53.1/100 · Tape-led · on-chain proof incomplete · 50% evidence

Exact sum: 16.5 + 15.0 + 10.0 + 11.6 = 53.1

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

16.5/35Market leadership

RS-BTC -12 pp · RS-sector 2.5 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

11.6/15Liquidity & downside risk

30d median volume $9,226,429 · vol 37.9%

100% evidence

8. MX · MX

48.9/100 · Illiquid · research only · 55% evidence

Exact sum: 13.3 + 17.5 + 10.0 + 8.1 = 48.9

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

13.3/35Market leadership

RS-BTC -14.7 pp · RS-sector -2.5 pp · 200-DMA above

100% evidence

17.5/30Network & economic traction

Fees — · revenue — · users —

17% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

8.1/15Liquidity & downside risk

30d median volume $3,721,858 · vol 22.5%

100% evidence

9. HTX DAO · HTX

47.5/100 · Tape-led · on-chain proof incomplete · 42% evidence

Exact sum: 8.8 + 15.0 + 10.0 + 13.7 = 47.5

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

8.8/35Market leadership

RS-BTC -19.8 pp · RS-sector -11.7 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

13.7/15Liquidity & downside risk

30d median volume $26,573,752 · vol 0%

100% evidence

10. NEXO · NEXO

47.0/100 · Illiquid · research only · 55% evidence

Exact sum: 15.4 + 14.0 + 10.0 + 7.6 = 47.0

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

15.4/35Market leadership

RS-BTC -16.9 pp · RS-sector 2.6 pp · 200-DMA above

100% evidence

14.0/30Network & economic traction

Fees — · revenue — · users —

17% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

7.6/15Liquidity & downside risk

30d median volume $4,698,620 · vol 55%

100% evidence

11. HashKey Platform Token · HSK

45.0/100 · Illiquid · research only · 50% evidence

Exact sum: 16.1 + 15.0 + 10.0 + 3.9 = 45.0

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

16.1/35Market leadership

RS-BTC -5.6 pp · RS-sector 7.7 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

3.9/15Liquidity & downside risk

30d median volume $803,014 · vol 67.2%

100% evidence

12. KuCoin · KCS

39.2/100 · Illiquid · research only · 50% evidence

Exact sum: 7.1 + 15.0 + 10.0 + 7.1 = 39.2

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

7.1/35Market leadership

RS-BTC -20.5 pp · RS-sector -6.7 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

7.1/15Liquidity & downside risk

30d median volume $4,223,372 · vol 57.4%

100% evidence

13. LEO Token · LEO

38.1/100 · Illiquid · research only · 50% evidence

Exact sum: 6.7 + 15.0 + 10.0 + 6.4 = 38.1

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

6.7/35Market leadership

RS-BTC -25.5 pp · RS-sector -11.5 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

6.4/15Liquidity & downside risk

30d median volume $236,477 · vol 32.7%

100% evidence

14. Bit2Me · B2M

37.3/100 · Illiquid · research only · 50% evidence

Exact sum: 9.1 + 15.0 + 10.0 + 3.2 = 37.3

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

9.1/35Market leadership

RS-BTC -14.2 pp · RS-sector -6.5 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

3.2/15Liquidity & downside risk

30d median volume $21,945 · vol 39.6%

100% evidence

15. BTSE Token · BTSE

36.8/100 · Illiquid · research only · 50% evidence

Exact sum: 5.8 + 15.0 + 10.0 + 6.0 = 36.8

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

5.8/35Market leadership

RS-BTC -33.1 pp · RS-sector -5.3 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

6.0/15Liquidity & downside risk

30d median volume $4,669,562 · vol 89%

100% evidence

16. MBG By Multibank Group · MBG

36.1/100 · Tape-led · on-chain proof incomplete · 50% evidence

Exact sum: 1.6 + 15.0 + 10.0 + 9.5 = 36.1

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

1.6/35Market leadership

RS-BTC -78 pp · RS-sector -13.9 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

9.5/15Liquidity & downside risk

30d median volume $6,958,103 · vol 16.7%

100% evidence

17. Cronos · CRO

35.3/100 · Tape-led · on-chain proof incomplete · 69% evidence

Exact sum: 8.7 + 8.8 + 10.0 + 7.8 = 35.3

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

8.7/35Market leadership

RS-BTC -25.9 pp · RS-sector 9 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 $6,353,619 · vol 65.8%

100% evidence

18. bitcastle Token · BCE

33.6/100 · Illiquid · research only · 50% evidence

Exact sum: 7.6 + 15.0 + 10.0 + 1.0 = 33.6

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

7.6/35Market leadership

RS-BTC -45.5 pp · RS-sector -22.1 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

1.0/15Liquidity & downside risk

30d median volume $27,686 · vol 616.7%

100% evidence

19. Global Commercial Business · GCB

27.8/100 · Illiquid · research only · 50% evidence

Exact sum: 1.8 + 15.0 + 10.0 + 1.0 = 27.8

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

1.8/35Market leadership

RS-BTC -48.1 pp · RS-sector -19.4 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

1.0/15Liquidity & downside risk

30d median volume $160 · vol 120%

100% evidence

20. BitMart · BMX

25.9/100 · Illiquid · research only · 55% evidence

Exact sum: 0.9 + 12.9 + 10.0 + 2.1 = 25.9

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

0.9/35Market leadership

RS-BTC -101.4 pp · RS-sector -17.6 pp · 200-DMA below

100% evidence

12.9/30Network & economic traction

Fees — · revenue — · users —

17% evidence

10.0/20Value capture

Fee yield — · revenue yield —

0% evidence

2.1/15Liquidity & downside risk

30d median volume $606,996 · vol 111.2%

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

03 · complete calendar-quarter evidence

Where is capital actually committed on-chain?

LeaderOKB · $21.6B

Gap361% versus #2

Persistence1 assets have positive comparable growth

Coverage7/20 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

2MX MX$4.7B

3Gate GT$4.2B

4NEXO NEXO$284.3M

5BitMart BMX$13.5M

TVL growthtop five

1MX MX+221%

2OKB OKB-13%

3Cronos CRO-23%

4NEXO NEXO-40%

5Gate GT-44%

Total value locked · asset comparison

7/20 level · 7/20 change

Latest comparable data · top 20 shown first

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

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

04 · let price answer last

Which assets lead on price and relative strength?

WhiteBIT Coin leads the Exchange Tokens tape on Bitcoin-relative strength at +33% over 90 days. 9 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 2026-09-11.

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	WhiteBIT Coin WBT	$80.13	+53%	+33%	Above	72%	$109.4M	usable	tape only	70.9	50%
2	OKB OKB	$113.29	+51%	+32%	Above	55%	$35.3M	usable	protocol	68.8	55%
3	XT.com XT	$4.76	+36%	+17%	Above	50%	$8.5M	usable	tape only	67.2	50%
4	Gate GT	$9.33	+39%	+19%	Above	54%	$2.5M	usable	protocol	63.8	55%
5	BNB BNB	$726.97	+19%	-0.5%	Above	46%	$1.6B	usable	tape only	62.8	50%
6	NKYC Token NKYC	$9.04	+26%	+6.2%	Above	52%	$306.5K	usable	protocol	53.4	55%
7	Bitget Token BGB	$1.93	+7.8%	-12%	Above	38%	$9.2M	usable	tape only	53.1	50%
8	MX MX	$1.78	+5.1%	-15%	Above	22%	$3.7M	usable	protocol	48.9	55%
9	HTX DAO HTX	$0.0000	0.0%	-20%	Below	0%	$26.6M	usable	tape only	47.5	42%
10	NEXO NEXO	$0.8289	+2.9%	-17%	Above	55%	$4.7M	usable	protocol	47.0	55%
11	HashKey Platform Token HSK	$0.0997	+14%	-5.6%	Below	67%	$803.0K	usable	tape only	45.0	50%
12	KuCoin KCS	$6.91	-0.7%	-20%	Below	57%	$4.2M	usable	tape only	39.2	50%
13	LEO Token LEO	$9.16	-5.7%	-25%	Below	33%	$236.5K	usable	tape only	38.1	50%
14	Bit2Me B2M	$0.0061	+5.6%	-14%	Below	40%	$21.9K	usable	tape only	37.3	50%
15	BTSE Token BTSE	$0.9509	-13%	-33%	Below	89%	$4.7M	usable	tape only	36.8	50%
16	MBG By Multibank Group MBG	$0.1030	-58%	-78%	Below	17%	$7.0M	usable	tape only	36.1	50%
17	Cronos CRO	$0.0564	-6.1%	-26%	Below	66%	$6.4M	usable	protocol	35.3	69%
18	bitcastle Token BCE	$0.0995	-26%	-46%	Below	617%	$27.7K	usable	tape only	33.6	50%
19	Global Commercial Business GCB	$0.0103	-28%	-48%	Below	120%	$160	usable	tape only	27.8	50%
20	BitMart BMX	$0.0536	-82%	-101%	Below	111%	$607.0K	usable	protocol	25.9	55%

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 2026-09-11.
Tokenize Xchange TKX	$100.1M	No price this week	No traded price in the 95 days to 2026-09-11.
GRX Chain GRX	$94.0M	No price this week	No traded price in the 95 days to 2026-09-11.
SAFEbit SAFE	$55.1M	No price this week	No traded price in the 95 days to 2026-09-11.
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 2026-09-11. Five-year weekly observations benchmarked to Bitcoin.

Protocol activityThrough 2026-09-11. Fees, revenue, protocol TVL and DEX volume.

Chain activityUsers and transactions through unavailable; separately sourced chain TVL through unavailable.

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 2026-09-11.

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

The 20 Exchange Tokens coins on this page have a combined market cap of about $102.6B as of 2026-07-04. Individual figures are in the table. Market-cap metadata is a dated snapshot, separately from the price series.

Are Exchange Tokens crypto coins outperforming Bitcoin?

Exchange Tokens has returned -14.3% versus Bitcoin over 52 weeks and -15.9% over 13 weeks on an equal-weight current-member index. 9/20 covered assets are above their 200-day averages as of 2026-09-11.

Which Exchange Tokens asset has the strongest research score?

WhiteBIT Coin ranks first at 70.9/100: 34.8 + 15.0 + 10.0 + 11.1 = 70.9. It is labelled “Tape-led · on-chain proof incomplete” with 50% overall evidence and 0% 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 2026-09-11; protocol activity through 2026-09-11; chain users and transactions through the latest available chain date; chain TVL through the latest available chain-TVL date; 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 pages on this site 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?

One of the three weakening conditions is already in place: 13-week Bitcoin-relative return is already negative (-15.9%). The read fully weakens if fewer than one-third of covered assets remain above the 200-day average and the leading asset’s native activity 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, 361% ahead of MX. 1 of 7 assets with comparable change data is growing, fastest at MX. Coverage is 7 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.

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