Theme Trends
Crypto · ranked weekly · vs Bitcoin · as of 14 Sep 2026Every theme, equal-weighted — no coin is bigger than any other here. Confirmed moves come first: a theme already breaking out or leading, whose members confirm it in their own trailing 12-month protocol revenue, with participation still widening. Everything else follows on the same four readings — where the theme sits in a breakout, whether its members confirm it, how many of them are participating, and its two-year line against Bitcoin. Nothing is dropped for failing the first cut; it ranks lower. Every figure on a card is read from the same 14 Sep 2026 build, so no two of them are from different weeks. Counts like "14 of 31 in momentum" are headcounts: one coin, one vote. Market value is used only to decide who is large enough to be included and to sort the large, mid and small ladder, never to weight a number on this page. Weekly member returns are capped at −90% and +100% before averaging, so one bad print cannot set the level of a whole theme.
Privacy
TURNING · ahead 3w✓2 of 3 Privacy members grew trailing-twelve-month protocol revenue versus a year ago, and the theme has been ahead of Bitcoin for 3 weeks — as of 14 Sep 2026.
DEX
BASING · +2 joined⚠2 of 6 DEX members grew trailing-twelve-month protocol revenue versus a year ago, and the theme trails Bitcoin by 2% over a year — as of 14 Sep 2026.
DePIN
BASING · +1 joined·DePIN trails Bitcoin by 20% over a year, and 2 of its 19 members beat the index by 5% or more over three months — as of 14 Sep 2026.
Infrastructure
BASING · 1y −8.7%·Infrastructure trails Bitcoin by 9% over a year, and 1 of its 7 members beat the index by 5% or more over three months — as of 14 Sep 2026.
RWA
BASING · 1y −19.8%·RWA trails Bitcoin by 20% over a year, and 2 of its 25 members beat the index by 5% or more over three months — as of 14 Sep 2026.
Payments
FADING · −1 in 4w·Payments trails Bitcoin by 3% over a year, and 1 of its 12 members beat the index by 5% or more over three months — as of 14 Sep 2026.
Perps/Derivatives
FADING · −1 in 4w·Perps/Derivatives trails Bitcoin by 41% over a year, and 0 of its 6 members beat the index by 5% or more over three months — as of 14 Sep 2026.
Lending
FADING · −4 in 4w·Lending has been ahead of Bitcoin for 17 weeks, and 3 of its 11 members beat the index by 5% or more over three months — as of 14 Sep 2026.
Meme
FADING · −5 in 4w·Meme trails Bitcoin by 2% over a year, and 8 of its 69 members beat the index by 5% or more over three months — as of 14 Sep 2026.
AI
FADING · −7 in 4w·AI trails Bitcoin by 3% over a year, and 7 of its 73 members beat the index by 5% or more over three months — as of 14 Sep 2026.
Layer 1
ASLEEP · 1y −13.3%⚠0 of 4 Layer 1 members grew trailing-twelve-month protocol revenue versus a year ago, and the theme trails Bitcoin by 13% over a year — as of 14 Sep 2026.
Wallets
ASLEEP · 1y +18.7%·Wallets trails Bitcoin by 19% over a year, and 1 of its 8 members beat the index by 5% or more over three months — as of 14 Sep 2026.
NFT
ASLEEP · 1y −5.1%·NFT trails Bitcoin by 5% over a year, and 0 of its 6 members beat the index by 5% or more over three months — as of 14 Sep 2026.
Exchange Tokens
ASLEEP · 1y −2.3%·Exchange Tokens trails Bitcoin by 2% over a year, and 3 of its 21 members beat the index by 5% or more over three months — as of 14 Sep 2026.
Oracle
ASLEEP · 1y −16.6%·Oracle trails Bitcoin by 17% over a year, and 1 of its 6 members beat the index by 5% or more over three months — as of 14 Sep 2026.
DeFi
ASLEEP · 1y −3.7%·DeFi trails Bitcoin by 4% over a year, and 6 of its 37 members beat the index by 5% or more over three months — as of 14 Sep 2026.
Liquid Staking
ASLEEP · 1y −1.6%·Liquid Staking trails Bitcoin by 2% over a year, and 2 of its 9 members beat the index by 5% or more over three months — as of 14 Sep 2026.
Interoperability/Bridges
ASLEEP · 1y −15.2%·Interoperability/Bridges trails Bitcoin by 15% over a year, and 0 of its 10 members beat the index by 5% or more over three months — as of 14 Sep 2026.
Layer 2
ASLEEP · 1y −10.8%·Layer 2 trails Bitcoin by 11% over a year, and 3 of its 25 members beat the index by 5% or more over three months — as of 14 Sep 2026.
Gaming
ASLEEP · 1y −15.4%·Gaming trails Bitcoin by 15% over a year, and 1 of its 25 members beat the index by 5% or more over three months — as of 14 Sep 2026.
All 20 Crypto themes Ranked — Full Table
The same ranking as the cards above, as a table: theme name, where it sits in a breakout, how many members grew trailing-twelve-month protocol revenue versus a year ago, how many are beating Bitcoin, and the one-year gap. Confirmed moves first, then breakout stage and earnings confirmation, as of 14 Sep 2026.
| # | Theme | Stage | Members' protocol revenue up | Beating Bitcoin | vs index, 1y |
|---|---|---|---|---|---|
| 1 | Privacy | TURNING | 2 of 3 | 8 of 24 | +63.3% |
| 2 | DEX | BASING | 2 of 6 | 8 of 33 | +2.3% |
| 3 | DePIN | BASING | — | 2 of 19 | −19.8% |
| 4 | Infrastructure | BASING | — | 1 of 7 | −8.7% |
| 5 | RWA | BASING | — | 2 of 25 | −19.8% |
| 6 | Payments | FADING | — | 1 of 12 | +3.3% |
| 7 | Perps/Derivatives | FADING | — | 0 of 6 | +41.5% |
| 8 | Lending | FADING | — | 3 of 11 | +14.8% |
| 9 | Meme | FADING | — | 8 of 69 | +2.0% |
| 10 | AI | FADING | — | 7 of 73 | +2.6% |
| 11 | Layer 1 | ASLEEP | 0 of 4 | 9 of 60 | −13.3% |
| 12 | Wallets | ASLEEP | — | 1 of 8 | +18.7% |
| 13 | NFT | ASLEEP | — | 0 of 6 | −5.1% |
| 14 | Exchange Tokens | ASLEEP | — | 3 of 21 | −2.3% |
| 15 | Oracle | ASLEEP | — | 1 of 6 | −16.6% |
| 16 | DeFi | ASLEEP | — | 6 of 37 | −3.7% |
| 17 | Liquid Staking | ASLEEP | — | 2 of 9 | −1.6% |
| 18 | Interoperability/Bridges | ASLEEP | — | 0 of 10 | −15.2% |
| 19 | Layer 2 | ASLEEP | — | 3 of 25 | −10.8% |
| 20 | Gaming | ASLEEP | — | 1 of 25 | −15.4% |
Questions people ask about the Crypto market
Which crypto coins are doing well today?
Privacy is the strongest Crypto theme on this board: 8 of its 24 members are beating Bitcoin. It is 63% ahead of the index over 52 weeks. DEX follows on 8 of 33. Individual coins are named on each theme page.
How many Crypto coins are beating Bitcoin?
66 of 486 Crypto coins are beating Bitcoin, across 20 themes. 8 of those themes are ahead of the index over 52 weeks. Every count on this board is a headcount — one coin, one vote — and every theme is equal-weighted, so no single large member can carry one.
Is this investment advice?
No. Every figure here is a deterministic calculation from published market data and on-chain activity and protocol data, produced for research. Sector Alpha does not make recommendations and takes no view on buying or selling any security or token, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.
Sector Alpha describes what has happened in published market and filing data and explains the fundamentals behind it. It does not make recommendations, does not suggest buying or selling any security, and is not registered with SEBI as an investment adviser.
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