Is Storage outperforming Bitcoin, and is leadership broad?
Bottom line
Walrus ranks first for research priority in Storage crypto at 48.5/100, and its native activity proof is incomplete. 0 of the 1 asset here carry enough native evidence to move past a tape-led label.
These Storage 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.
RISK OFF market context
Storage vs Bitcoin — Relative Strength & Breadth
Storage has incomplete long-window price evidence against Bitcoin, so current breadth and asset-level relative strength carry the read. Price readings are as of 2026-07-31.
—13w vs BTC
—52w vs BTC
0/0Above 200-DMA
—RS leader · —
Storage · equal weightBitcoin
Current-member equal-weight sector index versus Bitcoin, both rebased to 100. Historical market-cap weights are not invented.
Assets
1
canonical functional membership
Activity-covered
0/1
enough native evidence
Top score
48.5/100
Walrus
Calendar quarters
20
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 1 asset in Storage, out of 100. The four displayed point contributions add exactly to the total, and the market regime changes the action label, never the arithmetic. Walrus is highest at 48.5/100 on 3% evidence. It ranks research attention, not portfolio action.
Walrus leads the current research queue at 48.5/100 with 3% evidence.
0/1 assets have enough native activity evidence to move beyond a tape-led label.
1 of the 2 Storage coins is not rated this week: 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. Walrus · WAL
48.5/100 · Illiquid · research only · 3% evidence
Exact sum: 17.5 + 15.0 + 10.0 + 6.0 = 48.5
Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
17.5/35Market leadership
RS-BTC — · RS-sector — · 200-DMA —
0% evidence
15.0/30Network & economic traction
Fees — · revenue — · users —
0% evidence
10.0/20Value capture
Fee yield 0.16% · revenue yield 0.16%
0% evidence
6.0/15Liquidity & downside risk
30d median volume $195,480 · vol —
20% evidence
01 · complete calendar-quarter evidence
Which projects are generating the most network fees?
Walrus leads Storage crypto on Trailing 12-month fees at $128.9K. Coverage is 1 of the 1 ranked asset in this theme, through the Q2 2026 calendar quarter. Where a project publishes nothing, the cell stays blank rather than being read as zero.
LeaderWalrus · $128.9K
GapNot comparable
Persistence0 assets have positive comparable growth
Coverage1/1 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
1Walrus WAL$128.9K
Fee growthtop five
—Not enough comparable data—
Network fees · asset comparison
1/1 level · 0/1 change
Latest comparable data · top 20 shown first
Asset
Trailing 12-month fees
Fee growth
walrus-2
$13.8K
—
02 · complete calendar-quarter evidence
Which projects convert activity into protocol revenue?
Walrus leads Storage crypto on Trailing 12-month revenue at $128.9K. Coverage is 1 of the 1 ranked asset in this theme, through the Q2 2026 calendar quarter. Where a project publishes nothing, the cell stays blank rather than being read as zero.
LeaderWalrus · $128.9K
GapNot comparable
Persistence0 assets have positive comparable growth
Coverage1/1 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: revenue growth turns negative or the revenue-to-fees take rate falls for two complete calendar quarters.
Trailing 12-month revenue is the sum of the latest four complete calendar quarters. Growth compares that sum with the prior four-quarter sum.
Trailing 12-month revenuetop five
1Walrus WAL$128.9K
Revenue growthtop five
—Not enough comparable data—
Protocol revenue · asset comparison
1/1 level · 0/1 change
Latest comparable data · top 20 shown first
Asset
Trailing 12-month revenue
Revenue growth
walrus-2
$13.8K
—
03 · let price answer last
Which assets lead on price and relative strength?
No Storage asset has a usable Bitcoin-relative reading, so price leadership is not called here. 0 of 0 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 Storage?
1 of the 2 coins assigned to Storage are rated and ranked below, and the other 1 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.
1 of the 2 Storage coins is not rated this week: 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.
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 Storage 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 1 asset carries 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 unavailable.
Market capSnapshot dated 2026-07-04; no historical supply series is implied.
Questions the page should answer directly
Crypto analysis FAQs
These 18 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 Storage crypto?
Storage crypto refers to cryptocurrency projects grouped by what they actually do rather than by market fashion. This page tracks 1 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 Storage crypto coins?
The Storage 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 Storage crypto coins outperforming Bitcoin?
Storage has returned unavailable versus Bitcoin over 52 weeks and unavailable over 13 weeks on an equal-weight current-member index. 0/0 covered assets are above their 200-day averages as of 2026-07-31.
Which Storage asset has the strongest research score?
Walrus ranks first at 48.5/100: 17.5 + 15.0 + 10.0 + 6.0 = 48.5. It is labelled “Illiquid · research only” with 3% overall evidence and 0% native-economics evidence.
Why are some Storage coins not rated?
1 of the 2 coins is not rated this week: 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 Storage 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 Storage 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 Storage?
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 the latest available chain-TVL date; market capitalisation is a separate snapshot dated 2026-07-04.
Are stablecoins and wrapped tokens included in Storage?
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. Storage therefore has one canonical membership list.
What would invalidate the current Storage 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?
Walrus leads Storage crypto on Trailing 12-month fees at $128.9K. Coverage is 1 of the 1 ranked asset 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.
Which projects convert activity into protocol revenue?
Walrus leads Storage crypto on Trailing 12-month revenue at $128.9K. Coverage is 1 of the 1 ranked asset 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 revenue growth turns negative or the revenue-to-fees take rate falls for two complete calendar quarters.
Which Storage project has the largest fee base?
Walrus leads covered trailing-12-month fees at $128.9K. Coverage is 1/1; this is network activity, not automatically token-holder income.