Alpaca Finance (ALPACA)
Leveraged yield farming protocol on BNB Chain.
Ranked 167th of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
ALPACA scores 95 of 250 across the 25-variable framework, which places it 167th of 251 rated tokens and inside the lower half of the set. The framework verdict is PASS.
The score rests on Real Staking Yield 5/10, 37th of 251, P/S Multiple 5/10, 38th of 251, Buyback and Burn 4/10, 40th of 251 and Insider Selling 5/10, 42nd of 251.
Against the same universe, ALPACA sits in the bottom third on Regulatory Safety 4/10, 213th of 251, Institutional Adoption 2/10, 192nd of 251 and Treasury Runway 4/10, 181st of 251. These are the variables that would have to move for the verdict to change.
Only 80.7% of ALPACA's maximum supply is in circulation, so 1.24x the current float is still scheduled to arrive. Holding price per token flat while the rest enters circulation implies 19.3% of the fully diluted value sitting ahead of today's holders. That is a real but manageable overhang.
ALPACA trades 99.993% below its all-time high of $8.78. Recovering that level is a 14,286x move, not a 99.993% one, which is the arithmetic most drawdown charts hide.
The framework score gained 95 points against the previous pass (0 to 95). Revisions of this size follow a change in the underlying variables, not a change in price.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 4 | 60th of 251 | |
| Revenue Trend | 3 | 117th of 251 | |
| P/S Multiple | 5 | 38th of 251 | |
| Real Staking Yield | 5 | 37th of 251 |
Supply
| Supply Inflation | 4 | 146th of 251 | |
| Vesting Schedule | 5 | 100th of 251 | |
| Circulating / FDV Ratio | 6 | 88th of 251 | |
| Buyback and Burn | 4 | 40th of 251 |
Ownership
| Smart Money Flows | 3 | 149th of 251 | |
| Insider Selling | 5 | 42nd of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 3 | 111th of 251 | |
| Active Users | 3 | 149th of 251 | |
| Developer Activity | 4 | 158th of 251 | |
| Network Growth | 3 | 156th of 251 |
Position
| Market Share | 3 | 131st of 251 | |
| Competitive Moat | 3 | 175th of 251 | |
| Institutional Adoption | 2 | 192nd of 251 | |
| Exchange Depth | 4 | 157th of 251 | |
| Social Mindshare | 3 | 157th of 251 |
Risk
| Regulatory Safety | 4 | 213th of 251 | |
| Catalyst Calendar | 3 | 158th of 251 | |
| BTC Alpha Potential | 4 | 45th of 251 | |
| Team Execution | 4 | 147th of 251 | |
| Treasury Runway | 4 | 181st of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
Leveraged yield farming on BNB Chain with cross-chain expansion
Principal risk
Smart contract risk and liquidation cascades in volatile markets
Market and supply
| Price | $0.000598 |
| Market cap | $90.7Krank 5911 |
| All-time high | $8.785 Mar 2021 |
| Circulating supply | 151,666,351 |
| Eventual supply (max supply) | 188,000,000 |
| Dilution to full supply | 1.24x |
| Listed on | Binance, PancakeSwap, KuCoin |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to ALPACA measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Common questions
- What is the Early Thunder score for Alpaca Finance (ALPACA)?
- ALPACA scores 95 out of 250 on the 25-variable framework, ranking 167th of 251 rated tokens (lower half). The framework verdict is PASS.
- What are ALPACA's strongest fundamentals?
- ALPACA ranks highest on Real Staking Yield 5/10, 37th of 251, P/S Multiple 5/10, 38th of 251, Buyback and Burn 4/10, 40th of 251 and Insider Selling 5/10, 42nd of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the ALPACA thesis?
- ALPACA scores in the bottom third of the universe on Regulatory Safety 4/10, 213th of 251, Institutional Adoption 2/10, 192nd of 251 and Treasury Runway 4/10, 181st of 251. The single risk carried on the scorecard is: Smart contract risk and liquidation cascades in volatile markets
- How much ALPACA supply is still to enter circulation?
- 80.7% of eventual ALPACA supply is circulating today, leaving 1.24x the current float still to arrive. At a flat price per token that is 19.3% of fully diluted value ahead of current holders.
- How far is ALPACA from its all-time high?
- ALPACA trades 99.993% below its all-time high of $8.78. Returning to that high requires a 14,286x move from the level used in this scoring pass.
- Which tokens have a similar profile to ALPACA?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to ALPACA are FARM (93), BADGER (100), BOND (82) and KNC (110). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for ALPACA?
- Leveraged yield farming on BNB Chain with cross-chain expansion
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.