# Payments crypto coins — market cap, protocol fees and revenue

> Payments vs Bitcoin — Relative Strength & Breadth

Bottom line: WeFi ranks first for research priority in Payments crypto at 59.5/100, and its native activity proof is incomplete. The theme's 13-week excess versus Bitcoin is +0.6% on 9% breadth, which is what decides whether that lead is isolated or broad. 0 of the 13 assets here carry enough native evidence to move past a tape-led label.

## Agent research brief

- What matters now: Payments is +0.6% versus Bitcoin over 13 weeks. Only 9% of covered assets are above trend; leadership is narrow.
- Best research lead: WeFi ranks first at 59.5/100 with 50% total evidence and 0% native evidence.
- The contradiction: The score leader is tape-led: price and liquidity are doing more work than verified network economics.
- What to do with it: Keep this as a research queue, not an entry list. The market gate reopens only when Bitcoin trend and sector breadth improve.

Data: price 2026-07-24; protocol 2026-07-24; chain users/transactions unavailable; chain TVL 2026-07-24; market-cap snapshot 2026-07-04.

## 4-Factor Crypto Evidence Score

A within-theme research-priority score for the 13 assets in Payments, out of 100. The four displayed point contributions add exactly to the total, and the market regime changes the action label, never the arithmetic. WeFi is highest at 59.5/100 on 50% evidence. It ranks research attention, not portfolio action.

1. WeFi (WFI): 59.5/100 — Illiquid · research only; 24.4 + 15.0 + 10.0 + 10.1 = 59.5; evidence 50%; native evidence 0%
   Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
2. Huma Finance (HUMA): 57.4/100 — Tape-led · on-chain proof incomplete; 21.4 + 15.0 + 10.0 + 11.0 = 57.4; evidence 50%; native evidence 0%
   Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
3. RealLink (REAL): 53/100 — Illiquid · research only; 23.0 + 15.0 + 10.0 + 5.0 = 53.0; evidence 50%; native evidence 0%
   Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
4. Scandic Coin (SNC): 53/100 — Illiquid · research only; 20.6 + 15.0 + 10.0 + 7.4 = 53.0; evidence 50%; native evidence 0%
   Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
5. ​​Stable (STABLE): 50/100 — Tape-led · on-chain proof incomplete; 17.5 + 15.0 + 10.0 + 7.5 = 50.0; evidence 0%; native evidence 0%
   Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
6. Swop (SWOP): 50/100 — Tape-led · on-chain proof incomplete; 17.5 + 15.0 + 10.0 + 7.5 = 50.0; evidence 0%; native evidence 0%
   Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
7. Ultima (ULTIMA): 48.9/100 — Tape-led · on-chain proof incomplete; 13.8 + 15.0 + 10.0 + 10.1 = 48.9; evidence 50%; native evidence 0%
   Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
8. Nano (XNO): 44.3/100 — Illiquid · research only; 17.0 + 15.0 + 10.0 + 2.3 = 44.3; evidence 50%; native evidence 0%
   Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
9. AI Analysis Token (AIAT): 42.5/100 — Illiquid · research only; 13.7 + 15.0 + 10.0 + 3.8 = 42.5; evidence 50%; native evidence 0%
   Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
10. Telcoin (TEL): 40.4/100 — Illiquid · research only; 9.8 + 15.0 + 10.0 + 5.6 = 40.4; evidence 50%; native evidence 0%
   Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
11. Request (REQ): 37.4/100 — Illiquid · research only; 4.4 + 15.0 + 10.0 + 8.0 = 37.4; evidence 50%; native evidence 0%
   Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
12. BitDCA (BDCA): 35.1/100 — Illiquid · research only; 5.4 + 15.0 + 10.0 + 4.7 = 35.1; evidence 50%; native evidence 0%
   Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
13. Amp (AMP): 33.6/100 — Illiquid · research only; 1.8 + 12.5 + 10.0 + 9.3 = 33.6; evidence 55%; native evidence 10%
   Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.

## Where is capital actually committed on-chain?

What the numbers say: ​​Stable leads Payments crypto on Quarter-end TVL at $27.2M, 3385% ahead of Amp. 0 of 1 asset with comparable change data are growing. Coverage is 3 of the 13 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.

- ​​Stable (STABLE): $27.2M
- Amp (AMP): $779.1K
- Telcoin (TEL): $0

## Every asset

- WeFi (WFI) — 90d +3.6%; RS-BTC +21%; score 59.5; activity tape only
- Huma Finance (HUMA) — 90d -16%; RS-BTC +1.3%; score 57.4; activity tape only
- RealLink (REAL) — 90d +29%; RS-BTC +46%; score 53; activity tape only
- Scandic Coin (SNC) — 90d -4.0%; RS-BTC +13%; score 53; activity tape only
- ​​Stable (STABLE) — 90d —; RS-BTC —; score 50; activity chain TVL
- Swop (SWOP) — 90d —; RS-BTC —; score 50; activity tape only
- Ultima (ULTIMA) — 90d -27%; RS-BTC -9.4%; score 48.9; activity tape only
- Nano (XNO) — 90d -23%; RS-BTC -5.6%; score 44.3; activity tape only
- AI Analysis Token (AIAT) — 90d -22%; RS-BTC -4.9%; score 42.5; activity tape only
- Telcoin (TEL) — 90d -21%; RS-BTC -3.4%; score 40.4; activity protocol
- Request (REQ) — 90d -35%; RS-BTC -17%; score 37.4; activity tape only
- BitDCA (BDCA) — 90d -28%; RS-BTC -10%; score 35.1; activity tape only
- Amp (AMP) — 90d -53%; RS-BTC -35%; score 33.6; activity protocol

## Limitations

- 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.

## FAQs

### What is Payments crypto?

Payments crypto refers to cryptocurrency projects grouped by what they actually do rather than by market fashion. This page tracks 13 such coins by market cap, price and Bitcoin-relative strength, with protocol fees and revenue where a project publishes them. Readings are as of 2026-07-24.

### What is the total market cap of Payments crypto coins?

The Payments 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 Payments crypto coins outperforming Bitcoin?

Payments has returned +15.1% versus Bitcoin over 52 weeks and +0.6% over 13 weeks on an equal-weight current-member index. 1/11 covered assets are above their 200-day averages as of 2026-07-24.

### Which Payments asset has the strongest research score?

WeFi ranks first at 59.5/100: 24.4 + 15.0 + 10.0 + 10.1 = 59.5. It is labelled “Illiquid · research only” with 50% overall evidence and 0% native-economics evidence.

### How is the Payments 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 Payments 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 Payments?

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 2026-07-24; protocol activity through 2026-07-24; chain users and transactions through the latest available chain date; chain TVL through 2026-07-24; market capitalisation is a separate snapshot dated 2026-07-04.

### Are stablecoins and wrapped tokens included in Payments?

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. Payments therefore has one canonical membership list.

### What would invalidate the current Payments 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.

### Where is capital actually committed on-chain?

​​Stable leads Payments crypto on Quarter-end TVL at $27.2M, 3385% ahead of Amp. 0 of 1 asset with comparable change data are growing. Coverage is 3 of the 13 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 are the biggest Payments crypto coins by market cap?

​​Stable is the largest Payments crypto coin by market capitalisation at $827.6M, ahead of Telcoin at $221.9M and RealLink at $213.7M. The 13 Payments coins on this page carry $2B between them, with a market-cap figure on file for 13 of them. Market-cap metadata is dated 2026-07-04.