Sector Alpha Week of 2026-07-27

Theme Trends

Crypto · vs Bitcoin · as of 27 Jul 2026

Every theme, equal-weighted — no company is bigger than any other here. Each row is ranked on four readings taken from one weekly build: where the theme sits in a breakout, whether its members confirm it in their own trailing 12-month protocol revenue, how many of them are participating, and its two-year line against Bitcoin. Every column on a row is read from the same 27 Jul 2026 build, so no two figures beside each other are from different weeks. Counts like "14 of 31 in momentum" are headcounts: one company, 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.

Rank by
Theme · stage RS · 2y vs Bitcoin ⇅ Protocol revenue · TTM lane + breadth ⇅ Participation ⇅
1 Exchange TokensTURNING · ahead 1w·

Exchange Tokens has been ahead of Bitcoin for 1 week, and 11 of its 21 members beat the index by 5% or more over three months — as of 27 Jul 2026.

+42.7% · lead11/21▲4>200d3/21▲1
2 GamingTURNING · ahead 1w·

Gaming has been ahead of Bitcoin for 1 week, and 11 of its 25 members beat the index by 5% or more over three months — as of 27 Jul 2026.

−49.3% Sep 24 · TTM protocol revenue idx 0 · median growth −13% · 1 memberDec 24 · TTM protocol revenue idx 1 · median growth +8% · 1 memberMar 25 · TTM protocol revenue idx 0 · median growth −7% · 1 memberJun 25 · TTM protocol revenue idx 0 · median growth +10% · 1 memberSep 25 · TTM protocol revenue idx 0 · median growth −4% · 1 memberDec 25 · TTM protocol revenue idx 0 · median growth −38% · 1 memberMar 26 · TTM protocol revenue idx 0 · median growth −49% · 1 memberJun 26 · TTM protocol revenue idx 0 · median growth −50% · 1 member· lead11/25▲2>200d2/25▬0
3 Layer 1BREAKING OUT · ahead 9w

0 of 4 Layer 1 members grew trailing-twelve-month protocol revenue versus a year ago, and the theme has been ahead of Bitcoin for 9 weeks — as of 27 Jul 2026.

−29.5% Sep 24 · TTM protocol revenue idx 312 · median growth +200% · 2 membersDec 24 · TTM protocol revenue idx 208 · median growth +36% · 2 membersMar 25 · TTM protocol revenue idx 200 · median growth +32% · 2 membersJun 25 · TTM protocol revenue idx 44 · median growth +40% · 3 membersSep 25 · TTM protocol revenue idx 47 · median growth +28% · 3 membersDec 25 · TTM protocol revenue idx 40 · median growth −51% · 3 membersMar 26 · TTM protocol revenue idx 40 · median growth −32% · 4 membersJun 26 · TTM protocol revenue idx 40 · median growth −56% · 6 members0/4↑ lead22/60▲2>200d7/60▬0
4 RWABREAKING OUT · ahead 22w·

RWA has been ahead of Bitcoin for 22 weeks, and 12 of its 24 members beat the index by 5% or more over three months — as of 27 Jul 2026.

−17.6% Mar 25 · TTM protocol revenue idx 100 · median growth +25% · 2 membersJun 25 · TTM protocol revenue idx 96 · median growth −22% · 2 membersSep 25 · TTM protocol revenue idx 114 · median growth +12% · 2 membersDec 25 · TTM protocol revenue idx 106 · median growth −7% · 2 membersMar 26 · TTM protocol revenue idx 87 · median growth −14% · 2 membersJun 26 · TTM protocol revenue idx 73 · median growth −24% · 2 members· lead12/24▲2>200d5/24▲3
5 LendingBREAKING OUT · ahead 10w·

Lending has been ahead of Bitcoin for 10 weeks, and 10 of its 11 members beat the index by 5% or more over three months — as of 27 Jul 2026.

+28.1% Sep 24 · TTM protocol revenue idx 93 · median growth +83% · 1 memberDec 24 · TTM protocol revenue idx 84 · median growth +33% · 1 memberMar 25 · TTM protocol revenue idx 66 · median growth −15% · 1 memberJun 25 · TTM protocol revenue idx 39 · median growth −60% · 1 memberSep 25 · TTM protocol revenue idx 27 · median growth −71% · 1 memberDec 25 · TTM protocol revenue idx 57 · median growth −84% · 2 membersMar 26 · TTM protocol revenue idx 70 · median growth −89% · 2 membersJun 26 · TTM protocol revenue idx 68 · median growth −78% · 2 members· lead10/11▲2>200d3/11▬0
6 Layer 2BREAKING OUT · ahead 10w·

Layer 2 has been ahead of Bitcoin for 10 weeks, and 15 of its 24 members beat the index by 5% or more over three months — as of 27 Jul 2026.

−48.9% Sep 24 · TTM protocol revenue idx 123 · median growth +51% · 2 membersDec 24 · TTM protocol revenue idx 111 · median growth −25% · 2 membersMar 25 · TTM protocol revenue idx 85 · median growth −55% · 2 membersJun 25 · TTM protocol revenue idx 125 · median growth −43% · 1 memberSep 25 · TTM protocol revenue idx 135 · median growth −30% · 1 memberDec 25 · TTM protocol revenue idx 149 · median growth −21% · 1 memberMar 26 · TTM protocol revenue idx 125 · median growth −21% · 1 memberJun 26 · TTM protocol revenue idx 56 · median growth −12% · 2 members· lead15/24▲2>200d7/24▬0
7 PaymentsBREAKING OUT · ahead 7w·

Payments has been ahead of Bitcoin for 7 weeks, and 6 of its 12 members beat the index by 5% or more over three months — as of 27 Jul 2026.

+63.9% · lead6/12▲1>200d0/12▬0
8 AIBREAKING OUT · ahead 11w·

AI has been ahead of Bitcoin for 11 weeks, and 39 of its 73 members beat the index by 5% or more over three months — as of 27 Jul 2026.

−31.4% Sep 24 · TTM protocol revenue idx 100 · median growth +119% · 1 memberDec 24 · TTM protocol revenue idx 170 · median growth +163% · 1 memberMar 25 · TTM protocol revenue idx 182 · median growth +172% · 1 memberJun 25 · TTM protocol revenue idx 157 · median growth +59% · 1 memberSep 25 · TTM protocol revenue idx 72 · median growth −6% · 3 membersDec 25 · TTM protocol revenue idx 58 · median growth −67% · 3 membersMar 26 · TTM protocol revenue idx 37 · median growth −81% · 3 membersJun 26 · TTM protocol revenue idx 44 · median growth −84% · 4 members· lead39/73▲4>200d13/73▼3
9 Liquid StakingBREAKING OUT · ahead 10w·

Liquid Staking has been ahead of Bitcoin for 10 weeks, and 7 of its 9 members beat the index by 5% or more over three months — as of 27 Jul 2026.

−41.0% Sep 24 · TTM protocol revenue idx 471 · median growth +84% · 1 memberDec 24 · TTM protocol revenue idx 503 · median growth +67% · 1 memberMar 25 · TTM protocol revenue idx 475 · median growth +113% · 1 memberJun 25 · TTM protocol revenue idx 416 · median growth +98% · 1 memberSep 25 · TTM protocol revenue idx 426 · median growth +95% · 1 memberDec 25 · TTM protocol revenue idx 412 · median growth +91% · 1 memberMar 26 · TTM protocol revenue idx 382 · median growth +90% · 1 memberJun 26 · TTM protocol revenue idx 359 · median growth +47% · 1 member· lead7/9▲2>200d2/9▼1
10 Interoperability/BridgesBREAKING OUT · ahead 10w·

Interoperability/Bridges has been ahead of Bitcoin for 10 weeks, and 4 of its 10 members beat the index by 5% or more over three months — as of 27 Jul 2026.

−55.1% Sep 24 · TTM protocol revenue idx 725 · 1 memberDec 24 · TTM protocol revenue idx 873 · 1 memberMar 25 · TTM protocol revenue idx 994 · median growth +200% · 1 memberJun 25 · TTM protocol revenue idx 630 · median growth +4% · 1 memberSep 25 · TTM protocol revenue idx 757 · median growth +4% · 1 memberDec 25 · TTM protocol revenue idx 793 · median growth −9% · 1 memberMar 26 · TTM protocol revenue idx 405 · median growth −29% · 2 membersJun 26 · TTM protocol revenue idx 390 · median growth +10% · 2 members· lead4/10▬0>200d4/10▬0
11 InfrastructureBREAKING OUT · ahead 9w·

Infrastructure has been ahead of Bitcoin for 9 weeks, and 5 of its 7 members beat the index by 5% or more over three months — as of 27 Jul 2026.

−69.7% · lead5/7▬0>200d1/7▬0
12 DeFiBREAKING OUT · ahead 9w·

DeFi has been ahead of Bitcoin for 9 weeks, and 18 of its 37 members beat the index by 5% or more over three months — as of 27 Jul 2026.

−31.5% Sep 24 · TTM protocol revenue idx 15 · median growth −45% · 1 memberDec 24 · TTM protocol revenue idx 18 · median growth −27% · 1 memberMar 25 · TTM protocol revenue idx 20 · median growth −3% · 1 memberJun 25 · TTM protocol revenue idx 63 · median growth +46% · 2 membersSep 25 · TTM protocol revenue idx 74 · median growth +103% · 2 membersDec 25 · TTM protocol revenue idx 100 · median growth +58% · 3 membersMar 26 · TTM protocol revenue idx 100 · median growth +21% · 5 membersJun 26 · TTM protocol revenue idx 100 · median growth −19% · 7 members· lead18/37▬0>200d4/36▼1
13 DEXLEADER · ahead 16w

2 of 6 DEX members grew trailing-twelve-month protocol revenue versus a year ago, and the theme has been ahead of Bitcoin for 16 weeks — as of 27 Jul 2026.

−12.3% Sep 24 · TTM protocol revenue idx 115 · median growth +193% · 3 membersDec 24 · TTM protocol revenue idx 121 · median growth +200% · 4 membersMar 25 · TTM protocol revenue idx 155 · median growth +72% · 4 membersJun 25 · TTM protocol revenue idx 149 · median growth +45% · 4 membersSep 25 · TTM protocol revenue idx 166 · median growth +39% · 4 membersDec 25 · TTM protocol revenue idx 133 · median growth +50% · 5 membersMar 26 · TTM protocol revenue idx 91 · median growth −4% · 5 membersJun 26 · TTM protocol revenue idx 82 · median growth −23% · 6 members2/6↑ lead18/33▼2>200d6/33▬0
14 MemeLEADER · ahead 31w·

Meme has been ahead of Bitcoin for 31 weeks, and 32 of its 69 members beat the index by 5% or more over three months — as of 27 Jul 2026.

−47.3% · lead32/69▼5>200d16/69▲5
15 Perps/DerivativesLEADER · ahead 32w·

Perps/Derivatives has been ahead of Bitcoin for 32 weeks, and 3 of its 6 members beat the index by 5% or more over three months — as of 27 Jul 2026.

+12.8% · lead3/6▼1>200d1/5▼1
16 PrivacyFADING · −1 in 4w

2 of 3 Privacy members grew trailing-twelve-month protocol revenue versus a year ago, and the theme has been ahead of Bitcoin for 11 weeks — as of 27 Jul 2026.

+76.3% Sep 24 · TTM protocol revenue idx 215 · median growth +200% · 2 membersDec 24 · TTM protocol revenue idx 260 · median growth +125% · 2 membersMar 25 · TTM protocol revenue idx 289 · median growth +92% · 2 membersJun 25 · TTM protocol revenue idx 266 · median growth +29% · 2 membersSep 25 · TTM protocol revenue idx 290 · median growth +25% · 2 membersDec 25 · TTM protocol revenue idx 291 · median growth +9% · 2 membersMar 26 · TTM protocol revenue idx 270 · median growth +4% · 2 membersJun 26 · TTM protocol revenue idx 258 · median growth +12% · 2 members2/3↑ lead11/24▼1>200d3/24▬0
17 OracleFADING · −2 in 4w·

Oracle has been ahead of Bitcoin for 10 weeks, and 2 of its 6 members beat the index by 5% or more over three months — as of 27 Jul 2026.

−67.0% · lead2/6▼2>200d1/6▬0
18 DePINASLEEP · 1y −9.2%·

DePIN trails Bitcoin by 9% over a year, and 6 of its 19 members beat the index by 5% or more over three months — as of 27 Jul 2026.

−67.2% Dec 24 · TTM protocol revenue idx 100 · median growth −52% · 2 membersMar 25 · TTM protocol revenue idx 130 · median growth −53% · 2 membersJun 25 · TTM protocol revenue idx 155 · median growth −49% · 2 membersSep 25 · TTM protocol revenue idx 117 · median growth −45% · 3 membersDec 25 · TTM protocol revenue idx 93 · median growth +76% · 3 membersMar 26 · TTM protocol revenue idx 104 · median growth +54% · 3 membersJun 26 · TTM protocol revenue idx 89 · median growth +58% · 3 members· lead6/19▲1>200d3/19▬0
19 WalletsASLEEP · 1y +31.9%·

Wallets trails Bitcoin by 32% over a year, and 4 of its 8 members beat the index by 5% or more over three months — as of 27 Jul 2026.

+23.9% Jun 25 · TTM protocol revenue idx 100 · 1 memberSep 25 · TTM protocol revenue idx 110 · 1 memberDec 25 · TTM protocol revenue idx 105 · 1 memberMar 26 · TTM protocol revenue idx 87 · 1 memberJun 26 · TTM protocol revenue idx 73 · median growth −28% · 1 member· lead4/8▬0>200d1/7▬0
20 NFTASLEEP · 1y +0.5%·

NFT trails Bitcoin by 0% over a year, and 2 of its 6 members beat the index by 5% or more over three months — as of 27 Jul 2026.

−28.9% Sep 24 · TTM protocol revenue idx 68 · median growth −58% · 1 memberDec 24 · TTM protocol revenue idx 63 · median growth −50% · 1 memberMar 25 · TTM protocol revenue idx 53 · median growth −43% · 1 memberJun 25 · TTM protocol revenue idx 47 · median growth −41% · 1 memberSep 25 · TTM protocol revenue idx 57 · median growth −16% · 1 memberDec 25 · TTM protocol revenue idx 53 · median growth −16% · 1 memberMar 26 · TTM protocol revenue idx 53 · median growth −0% · 1 memberJun 26 · TTM protocol revenue idx 51 · median growth +9% · 1 member· lead2/6▬0>200d1/6▬0

All 20 Crypto themes Ranked — Full Table

The same ranking as the board 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. Ranked by breakout stage then earnings confirmation, as of 27 Jul 2026.

Crypto themes ranked against Bitcoin, as of 27 Jul 2026
#ThemeStageMembers' protocol revenue upBeating Bitcoinvs index, 1y
1Exchange TokensTURNING11 of 21+16.2%
2GamingTURNING11 of 25−11.1%
3Layer 1BREAKING OUT0 of 422 of 60−2.4%
4RWABREAKING OUT12 of 24−10.0%
5LendingBREAKING OUT10 of 11+24.8%
6Layer 2BREAKING OUT15 of 24+2.3%
7PaymentsBREAKING OUT6 of 12+29.8%
8AIBREAKING OUT39 of 73+13.6%
9Liquid StakingBREAKING OUT7 of 9+10.4%
10Interoperability/BridgesBREAKING OUT4 of 10−5.1%
11InfrastructureBREAKING OUT5 of 7−4.6%
12DeFiBREAKING OUT18 of 37+9.9%
13DEXLEADER2 of 618 of 33+8.3%
14MemeLEADER32 of 69+11.5%
15Perps/DerivativesLEADER3 of 6+56.7%
16PrivacyFADING2 of 311 of 24+54.8%
17OracleFADING2 of 6−3.2%
18DePINASLEEP6 of 19−9.2%
19WalletsASLEEP4 of 8+31.9%
20NFTASLEEP2 of 6+0.5%

Questions people ask about the Crypto market

What is the crypto market prediction for today?

No market prediction is published here, for 27 Jul 2026 or any other day — this site forecasts nothing. What it measures instead: 17.3% of 481 Crypto coins are above their 200-day average. 17 of 20 themes are ahead of Bitcoin. The reading is rising.

Which crypto coins are doing well today?

AI is the strongest Crypto theme on this board: 39 of its 73 members are beating Bitcoin. It is 14% ahead of the index over 52 weeks. Meme follows on 32 of 69. Individual coins are named on each theme page.

How many Crypto coins are beating Bitcoin?

238 of 484 Crypto coins are beating Bitcoin, across 20 themes. 13 of those themes are ahead of the index over 52 weeks. Every count on this board is a headcount — one company, one vote — and every theme is equal-weighted, so no single large member can carry one.

How many Crypto coins are above their 200-day average?

17.3% of 481 Crypto coins are above their own 200-day moving average. That is 83 coins in absolute terms. The 200-day average is a trend line, not a signal: it says where price sits relative to its own past year, and nothing about what happens next.

Is this investment advice?

No. Every figure here is a deterministic calculation from published market data and company filings, produced for research. Sector Alpha does not make recommendations and takes no view on buying or selling any security, 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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