# Storage crypto coins — market cap, protocol fees and revenue > Storage vs Bitcoin — Relative Strength & Breadth 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. ## Agent research brief - What matters now: Storage is unavailable versus Bitcoin over 13 weeks. Breadth is unavailable, so the sector call remains provisional. - Best research lead: Walrus ranks first at 48.5/100 with 3% 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 2026-07-31; protocol 2026-07-31; chain users/transactions unavailable; chain TVL unavailable; market-cap snapshot 2026-07-04. ## 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. 1. Walrus (WAL): 48.5/100 — Illiquid · research only; 17.5 + 15.0 + 10.0 + 6.0 = 48.5; evidence 3%; native evidence 0% Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority. ## Which projects are generating the most network fees? What the numbers say: 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. - Walrus (WAL): $128.9K ## Which projects convert activity into protocol revenue? What the numbers say: 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. - Walrus (WAL): $128.9K ## Every rated asset - Walrus (WAL) — 90d —; RS-BTC —; score 48.5; activity protocol ## Not rated — and why 1 of the 2 Storage coins is not rated this week: 1 reports no traded volume. - Autonomi (ANT) — No traded volume reported: No traded volume is reported on most of the last 30 days, so it has no liquidity reading. ## 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 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.