Ethereum tokens by fundamentals

The 115 Ethereum tokens carrying a full 25-variable score, ranked against the whole 251-token universe.

115 of 251 rated tokens (46%). Scoring pass 11 Jun 2026.

Tokens

115

Median score

104

of 250

Best

187

ETH

Weakest

GALA

What this group has in common

These are the 115 tokens issued on Ethereum that carry a full 25-variable score, 46% of the rated universe. Grouping by chain surfaces something a single token page cannot: tokens sharing a settlement layer tend to share its constraints, its regulatory treatment and its liquidity conditions, so the variables where this group collectively wins or loses say as much about Ethereum as they do about any individual token on it. The median composite here is 104 of 250, against a range of 53 to 187.

Collectively strongest on

Circulating / FDV Ratio5.97
Vesting Schedule5.48
Regulatory Safety5.43

Collectively weakest on

Buyback and Burn3.2
BTC Alpha Potential3.37
Real Staking Yield3.57

Figures are the mean 1-to-10 score across all 115 members of the group, so they describe the group as a whole rather than any single token.

Ranked members

Ordered by composite score. The rank column is the position across the whole 251-token universe, not within this group, so it shows where each member stands against everything else that was rated.

115 tokens in the Ethereum group, ranked by composite score
Rank	Token	Score	Verdict	Market cap	Dilution	Summary
2	ETH Ethereum	187	HOLD CORE	$230.80B	1x	Institutional settlement layer. Commodity classification. Burn collapsed but moat intact.
3	WSTETH Wrapped Lido Staked ETH	185	HOLD CORE	$8.75B	1x	Lido's wrapped staked ETH, the DeFi collateral standard with $26B TVL and native yield; dominant LST by every metric
5	MKR Maker / Sky	177	HOLD CORE	-	-	$124M Q1 revenue. 2.7x gross P/S (~6.7x net). $96M buyback (in SKY, not MKR). Sky rebrand: 10.7% migration.
8	SYRUP Maple Finance	168	HOLD	-	1.07x	Institutional private-credit leader with a record ~$2B loan book, a Kraken on-chain warehouse (Jun 25) and a Revolut listing (Apr 30, UK/EU). But the 1.6x price-to-fees pitch uses gross fees; the token keeps ~$12-13M revenue, so it trades ~14x. Core Foundation injunction unresolved.
9	UNI Uniswap	167	HOLD	$2.59B	1.6x	Fee switch live on 11+ chains. Protocol revenue $26-61M (P/S 57-73x). V4 on 18 chains, 2500+ hooks. 100M UNI burned but NET INFLATIONARY (+1.43%/yr). BlackRock entered Feb 2026. a16z holds 41.5-55M UNI. $200M+ insider selling 2025. Unichain TVL $17.8-29.6M (not $532M). SEC safe harbor Apr 2026.
9	COW CoW Protocol	167	HOLD	$60.5M	1.74x	Intent-based batch auction DEX. $87B vol 2025. P/S 3.1x. Net deflationary. Vesting complete.
11	LINK Chainlink	165	HOLD	$6.15B	1.34x	70% oracle dominance. DTCC Q4 2026. SOC 2 Type 2. $500M/yr treasury sell pressure. 2 ETFs live.
12	ETHFI Ether.fi	162	HOLD	$351.4M	1.03x	$7.8B TVL on $350M mcap (22x TVL/MC). $50M buyback active. 84% circ. 250M token releases ahead.
13	PENDLE Pendle Finance	160	HOLD	$235.7M	1.64x	DeFi's yield monopoly: 50-60% market share, $24.4M trailing rev, sPENDLE 80% buyback (9.3% yield). Fortune 2026 Innovators. Vietnam IFC w/ BlackRock/MS. 21Shares ETP live. Boros V3 $10B+ vol. All vesting complete. Net dollar-deflationary.
14	RETH Rocket Pool ETH	159	HOLD	$715.2M	1x	Decentralized ETH liquid staking token from Rocket Pool; most trust-minimized LST with permissionless node operators
15	CBETH Coinbase Wrapped Staked ETH	158	HOLD	$353.6M	2.3x	Coinbase's centralized ETH liquid staking token; simplest onramp but carries custodial risk and Coinbase counterparty exposure
16	MORPHO Morpho	157	HOLD	$1.25B	1.52x	Infrastructure lending protocol with $6.4B TVL and $203M annualized fees but ZERO revenue to token holders, fee switch OFF, founder opposes activation
18	AAVE Aave	156	HOLD	$1.37B	1.04x	KelpDAO $190-230M bad debt, 3 core team departures (ACI/BGD/Chaos), buybacks PAUSED. But $142M rev, 55-63% share, V4+Umbrella live, SEC cleared.
19	LQTY Liquity	151	HOLD	$18.1M	1.01x	V2 is RE-deployment after Jan 2025 bug (same auditors didn't catch it). 99% circ. BOLD $30M (<0.01%).
23	LDO Lido DAO	146	HOLD	$246.7M	1.2x	Dominant LST protocol at $21B TVL with real staking revenue; fee switch vote pending but token accrual still weak.
25	FLUID Fluid (Instadapp)	145	CAUTIOUS HOLD	$94.6M	1.27x	Unique Smart Collateral/Debt DeFi primitive (39x capital efficiency). $12.66M rev trailing BUT $5.6M current run rate (declining -63%). Buybacks HALTED post-Resolv ($21M bad debt). TVL -92% from peak. P/S 6.8x trailing / 15.4x current. Zero inflation, 78.7% circ. Top-tier VCs (Pantera, Naval, Coinbase). 55% stablecoin swap share.
30	PAXG PAX Gold	141	HOLD	$1.88B	1x	1:1 gold-backed token. Each PAXG = 1 troy oz London Good Delivery gold.
30	SKY Sky (formerly Maker)	141	CAUTIOUS HOLD	$1.32B	1x	VALIDATED: DeFi revenue leader ($246M net, P/S 5.4x) but headline '$435M' is GROSS before $165M SSR payouts. Buybacks slashed 87% until ~Nov 2026. Net inflationary 4.4%/yr. TVL declining $7.5B→$6.0B. S&P B-. #3 stablecoin ($12.9B). Revenue real but token value accrual IMPAIRED.
32	CRV Curve Finance	140	HOLD	$330.0M	1.96x	44% of ETH DEX fee revenue is extraordinary. veCRV/Convex lock-in. ATH -96% (not -99.6%, illiquid spike).
37	ENS Ethereum Name Service	137	CAUTIOUS HOLD	$172.8M	2.44x	Ethereum's dominant naming system with $2M+ monthly protocol revenue and a fee switch already enabled
37	ACX Across Protocol	137	CAUTIOUS HOLD	$27.6M	1.42x	Intent-based cross-chain bridge. Highest revenue-per-dollar-bridged. 100% fee buyback to stakers.
39	BGB Bitget Token	135	CAUTIOUS HOLD	$1.13B	2.86x	Bitget exchange token. Quarterly buyback & burn. Copy trading platform.
44	SAFE Safe (formerly Gnosis Safe)	132	CAUTIOUS HOLD	$67.2M	1.3x	Token for the dominant smart-contract wallet securing $100B+ in assets, but governance token with minimal direct value accrual so far
45	SNX Synthetix	130	CAUTIOUS HOLD	$124.8M	1x	Best tokenomics (zero inflation, 100% fee buyback, 99.7% circ) but losing perps war. sUSD at $0.74.
46	OLAS Olas (Autonolas)	129	CAUTIOUS HOLD	$7.5M	1.62x	Autonomous AI agent infrastructure with multi-chain deployment; technically deep but lost to Virtuals on narrative and accessibility
49	GNO Gnosis	128	CAUTIOUS HOLD	$280.3M	1.14x	Gnosis Chain validator token and Safe network governance token with real utility and Ethereum alignment, but niche chain and high price vs fundamentals
51	RENDER Render Network	127	CAUTIOUS HOLD	$694.4M	1.24x	Decentralized GPU rendering marketplace correlated with the AI hype cycle. Real utility but valuation stretched vs actual render job revenue.
53	LEO UNUS SED LEO	126	CAUTIOUS HOLD	$8.98B	1.07x	Bitfinex/iFinex exchange token. Monthly buyback & burn from profits.
54	LIT Lighter	125	WATCH	$559.2M	4x	ZK perp DEX, up sharply this week to a $534M cap. But farming revenue fell ~70% to ~$26-30M annualized, so P/S re-rated to a rich ~18-20x. New Jul 2026 buyback-and-burn + 6% staking target vs a Dec 2026 cliff that vests 50% of supply at ~13.9M LIT/month.
56	LPT Livepeer	123	CAUTIOUS HOLD	$63.3M	1x	Decentralized video transcoding network. Real compute demand from video platforms.
56	GT GateToken	123	CAUTIOUS HOLD	-	1.14x	Gate.io exchange token. Quarterly buyback & burn.
63	GRT The Graph	121	CAUTIOUS HOLD	$156.2M	1x	Web3 data indexing with 700+ subgraphs; real query fee revenue but P/S elevated and token inflation from indexer rewards dilutes holders.
63	MAV Maverick Protocol	121	CAUTIOUS HOLD	$9.7M	1.71x	Concentrated liquidity AMM with directional LP. Gas-efficient automated LP strategies.
68	ENA Ethena	120	CAUTIOUS HOLD	$902.8M	1.53x	USDe supply crashed 65% from $12B peak. BaFin banned under MiCA. Brutal vesting schedule.
71	COMP Compound	119	WATCH	$162.9M	1x	OG DeFi lender with real protocol revenue but P/S ~112x makes valuation deeply stretched at current price.
71	PRIME Echelon Prime	119	WATCH	$15.8M	1.78x	Parallel TCG gaming token. Backed by Paradigm. Active player base.
75	WOO WOO Network	118	WATCH	$21.4M	1.59x	Deep liquidity network connecting exchanges, traders, and DeFi platforms.
77	IMX Immutable X	117	WATCH	$222.1M	1x	Web3 gaming ZK-rollup with major game studio partnerships; gaming L2 narrative still alive but token vesting pressure is severe
77	STG Stargate Finance	117	WATCH	$17.8M	7.1x	LayerZero-native bridge. Unified liquidity pools for cross-chain swaps.
81	QNT Quant	116	WATCH	$869.9M	1x	Overledger cross-chain OS. Enterprise blockchain interop. UK/EU partnerships.
84	ONDO Ondo Finance	115	WATCH	$1.80B	2.05x	$3B RWA platform but ONDO token captures $0 revenue. 57.79% in one wallet. -73% in 12mo.
91	GRASS Grass	111	WATCH	$203.2M	1.53x	Web scraping bandwidth marketplace that monetizes idle internet connections; interesting model but heavy vesting schedule and speculative revenue
91	YFI Yearn Finance	111	WATCH	$75.2M	1.02x	DeFi yield aggregator OG with real protocol revenue, but YFI buybacks alone cannot support a $91M market cap as yields compress and competition intensifies
94	KNC Kyber Network	110	WATCH	$24.7M	1.05x	DEX aggregator and liquidity protocol. KyberSwap elastic pools.
97	FET Fetch.ai (ASI Alliance)	109	WATCH	$304.5M	1.22x	ASI Alliance merger token (FET+AGIX+OCEAN). AI agent narrative intact but protocol revenue minimal and merger synergies unclear.
97	DYDX dYdX	109	WATCH	$98.5M	1.18x	Leading perp DEX migrated to its own Cosmos chain; real $380M TVL and daily volume but token accrual to stakers unclear and releases persist.
97	BICO Biconomy	109	WATCH	$37.4M	1x	Account abstraction infrastructure. Gasless transactions SDK.
100	IO io.net	108	WATCH	$46.5M	2.11x	Decentralized GPU compute marketplace down 98.3% from ATH; real compute demand but token economics designed for insiders
100	STORJ Storj	108	WATCH	$19.3M	1x	Decentralized cloud storage. S3-compatible API for enterprise adoption.
100	ALCX Alchemix	108	WATCH	$5.0M	1.25x	Self-repaying loans. Deposit collateral, borrow against future yield.
106	EIGEN EigenLayer	107	WATCH	$133.4M	2.47x	Restaking pioneer with $5.8B TVL but 82% of tokens opening over 3 years creates extreme dilution headwind.
106	GEL Gelato	107	WATCH	$245.0K	1.49x	Web3 automation network. Smart contract execution as a service.
110	SSV SSV Network	106	WATCH	$29.9M	1x	DVT infrastructure for ETH staking with $3.2B validators secured; heavy vesting pressure and weak token accrual are red flags.
110	ZRO LayerZero	106	WATCH	$295.5M	2.83x	$292M Kelp exploit destroyed trust. $4B fleeing to CCIP. May 20 open = 10% of float.
110	GTC Gitcoin	106	WATCH	$7.3M	1.14x	Public goods funding via quadratic funding. Gitcoin Passport identity.
115	FXS Frax Share	105	WATCH	$29.0M	1.06x	Governance token for the Frax stablecoin system rebranding to frxUSD, but FXS faces dilution from veFXS migration and loss of direct fee accrual
118	RPL Rocket Pool	104	WATCH	$35.1M	1x	Decentralized ETH staking with ~$1.1B TVL but catastrophic price collapse; tokenomics restructure eliminated RPL value accrual.
118	MLN Enzyme (Melon)	104	WATCH	-	1x	On-chain asset management protocol. Build and deploy DeFi funds.
118	RSR Reserve Rights	104	WATCH	$76.9M	1.6x	Stablecoin protocol with RSR governance/insurance. RToken framework.
124	CVX Convex Finance	103	WATCH	$151.5M	1x	Curve vote-locking meta-protocol that captured the Curve Wars era but faces structural decline as veCRV yields compress and DeFi rotates away
129	TRU TrueFi	102	WATCH	$1.1M	1x	Uncollateralized DeFi lending. Institutional credit protocol.
129	APE ApeCoin	102	WATCH	$133.4M	1x	Bored Ape network token. ApeChain L3. Yuga Labs governance.
135	ILV Illuvium	101	WATCH	$25.1M	1.16x	AAA open-world RPG with NFT creatures. Unreal Engine graphics.
144	BADGER BadgerDAO	100	WATCH	$7.5M	1x	BTC-focused DeFi. Bridges BTC yield strategies to Ethereum.
147	USUAL Usual Protocol	99	PASS	$15.9M	1.61x	USD0 stablecoin protocol with real-world asset backing, but collapsed 96% from ATH amid depeg fears and hyperinflationary tokenomics
147	API3 API3	99	PASS	$27.4M	1.24x	First-party oracle provider with OEV (Oracle Extractable Value) recapture mechanism, but adoption remains limited vs Chainlink's entrenched network effects
150	NMR Numeraire	98	PASS	$61.4M	1.55x	AI hedge fund data science tournament. Staking for ML model performance.
155	COTI COTI	97	PASS	$44.6M	1.65x	Privacy-focused L2 with garbled circuits. V2 confidential computing.
155	SKL SKALE	97	PASS	$21.9M	1.15x	Elastic sidechains for Ethereum. Zero gas fees for users.
155	ACH Alchemy Pay	97	PASS	-	-	Crypto-fiat payment gateway. On/off ramp for merchants and users.
155	REQ Request	97	PASS	$50.8M	1x	Decentralized payment requests and invoicing. Crypto accounting.
155	RAD Radicle	97	PASS	$20.6M	1x	Decentralized code collaboration. P2P GitHub alternative.
161	ANKR Ankr Network	96	PASS	$35.0M	1x	Web3 infrastructure provider offering RPC nodes and liquid staking, but ANKR token has weak value capture vs the business revenues it supports
161	POOL PoolTogether	96	PASS	$331.4K	1x	No-loss prize savings protocol. Deposit stables, win prizes.
161	CTSI Cartesi	96	PASS	$31.5M	1.07x	Linux rollups. Run full Linux programs as rollup computations.
167	BAL Balancer	95	PASS	$7.9M	1.33x	Pioneer AMM with weighted pools and boosted pools, but hemorrhaging TVL to Uniswap V4 and newer competitors while BAL token has severe value accrual problems
167	YGG Yield Guild Games	95	PASS	$18.7M	1x	Gaming guild DAO. Scholar program for P2E game access.
167	INV Inverse Finance	95	PASS	$6.6M	1.02x	DeFi lending with DOLA stablecoin. FiRM fixed-rate lending.
173	RLC iExec	94	PASS	$24.0M	1x	Decentralized cloud computing marketplace. Off-chain compute for dApps.
173	MX MEXC Token	94	PASS	-	4.45x	MEXC exchange token. Trading fee discounts and holder benefits.
177	1INCH 1inch Network	93	PASS	$117.5M	1.07x	DEX aggregator that pioneered intent-based routing but now faces commoditization from 0x, Paraswap, and native DEX aggregation within wallets
177	PROP Propy	93	PASS	$35.3M	1x	Real estate transaction automation. NFT property titles on-chain.
177	FARM Harvest Finance	93	PASS	$3.5M	1.03x	Yield farming aggregator. Auto-compounds across DeFi protocols.
184	PEPE Pepe	92	PASS	$1.18B	1x	Ethereum's largest meme coin at $1.6B market cap with massive liquidity; culturally entrenched but zero revenue and purely narrative-driven valuation.
184	HOPR HOPR	92	PASS	$8.2M	1.5x	Decentralized mixnet for data privacy. Network-layer privacy protocol.
184	SNT Status	92	PASS	$38.6M	1x	Web3 messaging and browser. Waku privacy protocol. Keycard hardware.
190	ALPHA Alpha Venture DAO	91	PASS	$502.4K	1.01x	DeFi network of leveraged yield products. Alpha Homora.
190	POND Marlin	91	PASS	$6.0M	1.22x	High-performance network infrastructure. TEE coprocessors for DeFi.
192	TRB Tellor	90	PASS	$38.4M	1.03x	Decentralized oracle. PoW-style dispute mechanism for price feeds.
192	CELR Celer Network	90	PASS	$17.5M	1x	Cross-chain messaging and bridge protocol. cBridge for L2 transfers.
196	WLD Worldcoin	89	PASS	$1.09B	2.79x	Sam Altman-backed proof-of-personhood with global orb rollout but only 16.5% circulating; massive insider dilution incoming.
196	ALICE My Neighbor Alice	89	PASS	$12.2M	1.01x	Multiplayer farm game with blockchain assets. Accessible farming gameplay.
199	FLOKI FLOKI	88	PASS	$199.4M	2.07x	Elon-inspired meme coin with NFT game Valhalla and token-based university; marketing-heavy but network revenue negligible vs $290M market cap.
199	DENT Dent	88	PASS	$2.7M	1x	Decentralized mobile data marketplace. eSIM and data trading.
206	LEVER LeverFi	87	PASS	-	1x	Leveraged trading protocol. Composable DeFi use.
208	AGLD Adventure Gold	86	PASS	$14.4M	1.03x	Loot NFT network token. Community-driven gaming DAO.
213	BLUR Blur	84	PASS	$39.9M	1.05x	NFT marketplace token that temporarily dominated OpenSea via airdrop-fueled volume incentives, but NFT market collapse and massive releases destroy the setup
213	FORTH Ampleforth Governance	84	PASS	$2.2M	1.43x	AMPL governance token. Elastic supply stablecoin protocol.
216	MASK Mask Network	82	PASS	$35.8M	1x	Browser extension for decentralized social media features that never achieved mainstream adoption; token has no revenue model
216	BOND BarnBridge	82	PASS	$310.5K	1x	Risk tokenization protocol. Fixed-rate yield and tranching.
221	LRC Loopring	78	PASS	$14.3M	1x	Ethereum ZK-rollup DEX protocol that was first to market but lost the L2 race to Arbitrum, Optimism, and Base
224	IDEX IDEX	77	PASS	$974.0K	1x	Hybrid DEX combining orderbook and AMM models.
225	AXS Axie Infinity	76	PASS	$155.6M	1.55x	Pioneer play-to-earn NFT game that spawned an entire sector but collapsed under its own Ponzi tokenomics; $625M Ronin bridge hack accelerated the death spiral
229	SUSHI SushiSwap	74	PASS	$48.1M	1x	Once-prominent fork DEX that lost its narrative, its developers, and its users; no credible recovery path for the token
231	BAND Band Protocol	73	PASS	$28.8M	1x	Alternative oracle network that briefly challenged Chainlink in 2020-2021 but has since been almost entirely displaced; no meaningful recovery signals
235	SHIB Shiba Inu	71	PASS	$2.78B	1x	Meme coin with quadrillions of tokens and negligible DeFi. Shibarium L2 launched but sees minimal usage. Pure sentiment and retail speculation.
236	RBN Ribbon Finance	68	PASS	$1.3M	14.84x	Structured products protocol (covered calls, puts) that pioneered on-chain options vaults but has been rendered largely obsolete by Aevo and Lyra
238	SUPER SuperVerse	67	PASS	$54.3M	1.56x	Rebranded SuperFarm gaming/NFT network with celebrity associations that never translated to user adoption; token structurally impaired
238	JASMY JasmyCoin	67	PASS	$204.3M	1.01x	Japanese IoT data sovereignty project with Sony/NTT connections but zero DeFi integration, minimal real-world adoption, and 99.9% ATH drawdown
241	MANA Decentraland	66	PASS	$129.7M	1.12x	Pioneer decentralized metaverse with DAO governance that peaked in 2021 hype; now averages under 1,000 concurrent users despite $165M market cap
242	SPELL Spell Token	63	PASS	$13.5M	1.22x	Governance token for Abracadabra Money (MIM stablecoin), permanently impaired by Wonderland scandal and UST contagion; no recovery path evident
246	SAND The Sandbox	58	PASS	$123.7M	1x	-99.4% ATH. 4,500 DAU. Founders ousted. 50% layoffs. Staking dead. $312K daily vol. Metaverse narrative buried.
247	MEME Memecoin	57	PASS	$32.2M	1.08x	Meta-meme token with no utility whatsoever. Exists purely as a narrative artifact. 83% below ATH with no recovery catalyst.
248	NEIRO NEIRO	56	PASS	$26.5M	1x	Dog meme coin named after Kabosu's companion. Zero utility, zero revenue. Pure retail gambling with extreme manipulation risk.
249	GALA Gala Games	53	PASS	$87.6M	1.02x	Gaming platform token down 99.6% from ATH; wracked by internal fraud allegations, token supply manipulation, and a gaming sector with no mass-market hits

Dilution is eventual supply divided by circulating supply, derived from supply counts rather than from a fully diluted valuation, so it does not move with price. A 1x reading means the float is already complete.

Keep reading

All 251 rated tokensThe full ranking and the method behind the 25 variables.Ethereum (ETH), the group leader187 of 250, 2nd across the whole universe.

Market caps from CoinGecko, fetched 6 Aug 2026. Scores come from the research pass dated 11 Jun 2026. Research and analysis, not investment advice. Early Thunder scores are one framework applied consistently across 251 tokens, not a prediction of price.