Sector Alpha Week of 2026-07-31
Layer 2 · five-year weekly price · BTC-relative

Tokamak Network (TON) Crypto Price & Market Cap

Tokamak Network (TON) — price, market cap and strength versus Bitcoin

Bottom line

Tokamak Network trades at $0.0066 with a market capitalisation of $22.3M (rank 776). Over 90 days it is +24.4% against Bitcoin and sits above its 200-day average. Layer 2 as a theme is -11.4% against Bitcoin over 13 weeks. Price readings run through 2026-07-31.

Price
$0.0066
as of 2026-07-31
Market cap
$22.3M
snapshot 2026-07-04
RS vs Bitcoin · 90d
+24%
as of 2026-07-31
30-day median volume
$0
as of 2026-07-31
01 · the tape, against its benchmark

How has Tokamak Network moved against Bitcoin?

Tokamak Network is -99.7% over one year, +6.1% over 90 days and -5.1% over 30 days. Annualised 30-day volatility is 54%. Its deepest fall from a high inside the last 90 days is 29%. It trades above its 200-day average, which is rising.

-8631342042752021-08-132022-08-122023-08-112024-08-022025-08-012026-07-31
TON · rebasedBitcoinLayer 2 · equal weight

All three lines rebased to 100 at the first week each has data. Bitcoin is the opportunity-cost benchmark for crypto risk; the theme line is its equal-weight index of current rated members.

02 · returns, volatility and drawdown

What do Tokamak Network's returns and risk look like?

7 days-9.3%
30 days-5.1%
90 days+6.1%
180 days+28%
1 year-100%
30-day volatility54% annualised
Deepest 90-day fall29%
200-day average$0.0061 · above · rising
50-day average$0.0076
03 · what the protocol actually earns

Does Tokamak Network generate fees or revenue?

No protocol fee, revenue, TVL, user, DEX-volume or transaction series is published for Tokamak Network, so this page shows none rather than inventing one. That is the normal case in crypto: fewer than one coin in seven has any of it.

No protocol economics are published for Tokamak Network: No protocol fee, revenue, TVL, user, DEX-volume or transaction series is published for Tokamak Network, so this page shows none rather than inventing one. That is the normal case in crypto: fewer than one coin in seven has any of it.
04 · exact additive research priority

What does the evidence say about Tokamak Network?

Tokamak Network is not rated this week, so it carries no score and no rank inside Layer 2. The four displayed point contributions add exactly to the total; missing evidence pulls only the affected factor toward neutral and lowers its stated coverage. It ranks research attention within one theme, never portfolio action, and it is not comparable across themes.

Not rated this week — and why

No traded volume is reported on most of the last 30 days, so it has no liquidity reading.

Its price history is still shown above in full. A missing reading is not a middling reading, so no score is invented for it and it takes no rank inside Layer 2.

No valuation section exists on this page, for any coin. There is no company-style P/E or PEG for a token, and historical market capitalisation is not held at all — only a dated current snapshot — so no ten-year valuation band can be built honestly. Where a protocol publishes fees or revenue, the yield against that dated snapshot is shown above instead.

05 · the theme it competes in

How does Tokamak Network compare with other Layer 2 coins?

Tokamak Network is one of 48 Layer 2 coins here, 33 of which carry enough evidence to be rated and ranked. Tokamak Network is not among them this week, for the reason stated above. The table below is the theme's own scorecard, in its own order, with this coin marked.

RankCoinScoreEvidenceReadMarket capRS vs BTC
1POL (ex-MATIC) POL69.562%Illiquid · research only$785.9M
2COTI COTI64.155%Illiquid · research only$26.0M+35%
3Capx AI CAPX56.250%Illiquid · research only$15.4M+14%
4Prom PROM55.655%Illiquid · research only$21.2M-0.5%
5Celo CELO53.490%Illiquid · research only$39.3M-13%
6Aztec AZTEC52.243%Illiquid · research only$42.8M-13%
7Linea LINEA51.2100%Mixed · market gate closed$60.1M-17%
8MegaETH MEGA49.912%Illiquid · research only$62.5M
9Sophon SOPH48.555%Illiquid · research only$19.1M+4.6%
10AltLayer ALT48.212%Illiquid · research only$43.4M
11Immutable IMX48.017%Illiquid · research only$111.4M
12OpenLedger OPEN47.912%Illiquid · research only$34.9M
13BSquared Network B247.855%Tape-led · on-chain proof incomplete$22.6M-5.3%
14Stacks STX47.517%Illiquid · research only$317.5M
15Treasure MAGIC47.312%Illiquid · research only$14.8M
16Aevo AEVO46.650%Illiquid · research only$17.8M-12%
17Optimism OP45.7100%Mixed · market gate closed$232.6M-12%
18Metal DAO MTL43.950%Illiquid · research only$21.5M-12%
19Mantle MNT41.764%Illiquid · research only$1.5B
20Cartesi CTSI41.250%Illiquid · research only$22.1M-19%
Tokamak Network TON this coin0%Not rated$22.3M+24%
Showing 20 of 34 coins

The Layer 2 scorecard in its own order, with this coin marked. Scores are within-theme and are not comparable with coins in another theme. See the full Layer 2 page.

Methodology · boundaries make the answer useful

What can make this page misleading?

This page names 5 ways its own evidence about Tokamak Network 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. Price runs through 2026-07-31; market capitalisation is a separate snapshot dated 2026-07-04.

  • Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
  • Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
  • No valuation band exists for any coin: historical market capitalisation is not held at all.
  • Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
  • The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.
Price and technicalsThrough 2026-07-31, from exchange closes; moving averages are computed, never scraped.
Protocol activityNone published for this token.
Market capSnapshot dated 2026-07-04; no historical supply series is implied.
Decision useResearch priority within one theme. Not entry, exit, sizing or leverage instructions.
Questions the page should answer directly

Crypto analysis FAQs

These 6 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 Tokamak Network (TON)?

Tokamak Network is a Layer 2 cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with no protocol activity data published for it. It is one of 48 Layer 2 coins on this site. Readings are as of 2026-07-31.

What is the market cap of Tokamak Network?

Tokamak Network's market capitalisation is $22.3M, ranking it 776 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above.

Is Tokamak Network beating Bitcoin?

Tokamak Network is +24.4% against Bitcoin over 90 days, and its own theme, Layer 2, is -11.4% over 13 weeks. It trades above its 200-day average as of 2026-07-31.

Does Tokamak Network have a P/E ratio?

No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.

Why is Tokamak Network not rated?

No traded volume is reported on most of the last 30 days, so it has no liquidity reading. It stays on the site with its price history visible, because a missing reading is not a middling reading and a made-up score would be worse than none.

How much Tokamak Network history does this page show?

Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Tokamak Network actually publishes. No protocol fee, revenue, TVL or user series is published for this token, so none is shown.

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