Rocket Pool (RPL)
Decentralized ETH staking with ~$1.1B TVL but catastrophic price collapse; tokenomics restructure eliminated RPL value accrual.
Ranked 118th of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
RPL scores 104 of 250 across the 25-variable framework, which places it 118th of 251 rated tokens and inside the upper half of the set. The framework verdict is WATCH.
RPL is a top-10 name in the set on one variable. The score rests on Holder Concentration 5/10, 10th of 251, Regulatory Safety 7/10, 17th of 251, Protocol Revenue 5/10, 37th of 251 and P/S Multiple 5/10, 38th of 251.
100% of eventual supply is already circulating, so vesting is not a live risk for RPL. Price has to be justified by demand rather than absorbed against a cliff.
RPL trades 97.5% below its all-time high of $61.90. Recovering that level is a 40x move, not a 97.5% one, which is the arithmetic most drawdown charts hide.
$1.10B sits in the protocol. The token is capitalised below the value locked in the protocol.
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 | 5 | 37th of 251 | |
| Revenue Trend | 3 | 117th of 251 | |
| P/S Multiple | 5 | 38th of 251 | |
| Real Staking Yield | 4 | 82nd of 251 |
Supply
| Supply Inflation | 4 | 146th of 251 | |
| Vesting Schedule | 5 | 100th of 251 | |
| Circulating / FDV Ratio | 7 | 46th of 251 | |
| Buyback and Burn | 2 | 114th of 251 |
Ownership
| Smart Money Flows | 3 | 149th of 251 | |
| Insider Selling | 4 | 151st of 251 | |
| Holder Concentration | 5 | 10th of 251 |
Traction
| TVL Trend | 4 | 65th of 251 | |
| Active Users | 4 | 91st of 251 | |
| Developer Activity | 5 | 83rd of 251 | |
| Network Growth | 3 | 156th of 251 |
Position
| Market Share | 3 | 131st of 251 | |
| Competitive Moat | 4 | 114th of 251 | |
| Institutional Adoption | 3 | 115th of 251 | |
| Exchange Depth | 4 | 157th of 251 | |
| Social Mindshare | 3 | 157th of 251 |
Risk
| Regulatory Safety | 7 | 17th of 251 | |
| Catalyst Calendar | 4 | 90th of 251 | |
| BTC Alpha Potential | 3 | 114th of 251 | |
| Team Execution | 5 | 74th of 251 | |
| Treasury Runway | 5 | 74th 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
Saturn upgrade enabling permissionless node operators and boosting capital efficiency
Principal risk
RPL tokenomics overhaul removed mandatory collateral; token has lost clear utility and value accrual mechanism
Market and supply
| Price | $1.54 |
| Market cap | $35.1Mrank 566 |
| All-time high | $61.9016 Apr 2023 |
| Circulating supply | 22,704,417 |
| Eventual supply (total supply) | 22,704,417 |
| Dilution to full supply | 1x |
| Total value locked | $1.10B |
| Listed on | Binance, Coinbase, Kraken, Uniswap |
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 RPL 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.
Sources
- [DeFiLlama] Rocket Pool TVL ~$1.1B with rETH as second-largest LST after stETH
- [Rocket Pool Forum] RPL tokenomics overhaul via Saturn upgrade decoupled RPL collateral requirement from node operators
- [CoinGecko] RPL ATH $58.83 reached April 2023
Common questions
- What is the Early Thunder score for Rocket Pool (RPL)?
- RPL scores 104 out of 250 on the 25-variable framework, ranking 118th of 251 rated tokens (upper half). The framework verdict is WATCH.
- What are RPL's strongest fundamentals?
- RPL ranks highest on Holder Concentration 5/10, 10th of 251, Regulatory Safety 7/10, 17th of 251, Protocol Revenue 5/10, 37th of 251 and P/S Multiple 5/10, 38th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- How much RPL supply is still to enter circulation?
- 100% of eventual RPL supply is circulating today, leaving 1x the current float still to arrive. At a flat price per token that is 0% of fully diluted value ahead of current holders.
- How far is RPL from its all-time high?
- RPL trades 97.5% below its all-time high of $61.90. Returning to that high requires a 40x move from the level used in this scoring pass.
- Which tokens have a similar profile to RPL?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to RPL are BAL (95), RBN (68), BAND (73) and API3 (99). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for RPL?
- Saturn upgrade enabling permissionless node operators and boosting capital efficiency
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.