How is this screen defined?

Market capitalisation under $500M with a composite of 120 or better. Every variable is scored 1 to 10 against the same definition applied to all 251 rated tokens, and higher is always better.

Does passing this screen mean a token is a buy?

No. It means the token clears one filter on fundamentals as recorded at the scoring pass on 11 Jun 2026. 37 tokens pass, which is 15% of the universe, and the range of composite scores inside the set runs from 120 to 169.

37 of 251 pass

Small caps that clear the framework

Q: Which small cap crypto tokens clear the framework?

37 of 251 rated tokens pass. GEODNET (GEOD), Maple Finance (SYRUP), CoW Protocol (COW), Ether.fi (ETHFI), Pendle Finance (PENDLE) lead on composite score.

Which small cap crypto tokens clear the framework?

Scoring pass 11 Jun 2026. Market snapshot 15 Aug 2026.

Pass

15% of 251

Median score

134/250

range 120 to 169

Best

169/250

GEOD

Smallest that passes

$132.4M

CHZ

What this screen asks

Market capitalisation under $500M with a composite of 120 or better.

Score and size are uncorrelated inside a size band, so a small capitalisation says nothing about quality either way. The framework and the market disagree most here, and the disagreement is the entire reason to look.

The 37 that pass

Ranked by composite score, not by how far each one clears the filter. A token near the bottom of this table still passes, so read the score column rather than the order alone.

37 tokens passing the Small caps that clear the framework screen
#	Token	Score	Verdict	Market cap	Thesis
1	GEODGEODNET	169	HOLD	$84.9M	Revenue not declining: Q2 2026 $2.59M (+48% QoQ). ARR $7.3-9.5M. 80% burn Foundation-controlled (governance, not smart contract). ATH $0.3746 not $0.43. 20K+ stations, 150+ countries. P/S 9.9-14.4x (expensive vs Helium 3.1x). Deflationary crossover approaching post-Jun 2026 halving.
2	SYRUPMaple Finance	168	HOLD	$177.2M	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 dispute settled in May 2026.
3	COWCoW Protocol	167	HOLD	$58.9M	Intent-based batch auction DEX. $87B vol 2025. P/S 3.1x. Net deflationary. Vesting complete.
4	ETHFIEther.fi	162	HOLD	$436.5M	$7.8B TVL on $350M mcap (22x TVL/MC). $50M buyback active. 84% circ. 250M token releases ahead.
5	PENDLEPendle Finance	160	HOLD	$224.3M	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.
6	CBETHCoinbase Wrapped Staked ETH	158	HOLD	$352.7M	Coinbase's centralized ETH liquid staking token; simplest onramp but carries custodial risk and Coinbase counterparty exposure
7	AEROAerodrome Finance	157	HOLD	$393.1M	Base's dominant DEX capturing ~60% of chain volume with real fee revenue and veAERO flywheel locking supply
8	VIRTUALVirtuals Protocol	151	CAUTIOUS HOLD	$369.6M	AI agent launchpad on Base with 18K+ agents but revenue collapsed 96% ($225K/day peak to $8.9K/day). aGDP is vanity metric. 93% whale concentration. ERC-8183 with Ethereum Foundation is real moat signal
9	LQTYLiquity	151	HOLD	$19.4M	V2 is RE-deployment after Jan 2025 bug (same auditors didn't catch it). 99% circ. BOLD $30M (<0.01%).
10	CETUSCetus Protocol	147	HOLD	$19.5M	Leading CLMM DEX on Sui with near-monopoly status; strong TVL growth as Sui network expansion accelerates
11	LDOLido DAO	146	HOLD	$247.5M	Dominant LST protocol at $21B TVL with real staking revenue; fee switch vote pending but token accrual still weak.
12	FLUIDFluid (Instadapp)	145	CAUTIOUS HOLD	$94.8M	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.
13	GMXGMX	143	HOLD	$70.7M	Protocol revenue ~$14M (not $42M total fees). Commodity perps live ($1.18B week-1). $20.86M buybacks.
14	CRVCurve Finance	140	HOLD	$374.2M	44% of ETH DEX fee revenue is extraordinary. veCRV/Convex lock-in. ATH -96% (not -99.6%, illiquid spike).
15	ARArweave	140	HOLD	$115.2M	Permanent data storage with one-time payment model. AO compute layer adds programmability. 65M+ items stored but token price lags data growth.
16	INJInjective	139	CAUTIOUS HOLD	$424.0M	Finance-first L1 with aggressive burn mechanism and real derivatives volume. P/S ratio improving but TVL still modest vs valuation.
17	KMNOKamino Finance	138	CAUTIOUS HOLD	$97.5M	S38 validated: #1 Solana lending, $3.2B TVL, $14.3M rev, but zero value accrual to KMNO. Excellent protocol, worthless token.
18	ENSEthereum Name Service	137	CAUTIOUS HOLD	$170.3M	Ethereum's dominant naming system with $2M+ monthly protocol revenue and a fee switch already enabled
19	ARBArbitrum	134	CAUTIOUS HOLD	$497.1M	Largest Ethereum L2 by TVL with Arbitrum One and Nova chains. Real DeFi hub but token governance hasn't yet captured protocol value effectively.
20	JTOJito	134	CAUTIOUS HOLD	$294.2M	Solana MEV and liquid staking with $2.8B TVL; jitoSOL growing fast but JTO governance has no direct fee accrual yet.
21	SAFESafe (formerly Gnosis Safe)	132	CAUTIOUS HOLD	$67.1M	Token for the dominant smart-contract wallet securing $100B+ in assets, but governance token with minimal direct value accrual so far
22	SNXSynthetix	130	CAUTIOUS HOLD	$115.3M	Best tokenomics (zero inflation, 100% fee buyback, 99.7% circ) but losing perps war. sUSD at $0.74.
23	RAYRaydium	129	CAUTIOUS HOLD	$168.9M	Cyclical memecoin infrastructure. Revenue collapsed 76% from peak. PumpSwap forking the model.
24	OLASOlas (Autonolas)	129	CAUTIOUS HOLD	$5.6M	Autonomous AI agent infrastructure with multi-chain deployment; technically deep but lost to Virtuals on narrative and accessibility
25	AKTAkash Network	129	CAUTIOUS HOLD	$158.6M	Decentralized GPU cloud marketplace with real revenue; GPU demand tailwind but AKT P/S stretched vs actual compute revenue.
26	GNOGnosis	128	CAUTIOUS HOLD	$272.7M	Gnosis Chain validator token and Safe network governance token with real utility and Ethereum alignment, but niche chain and high price vs fundamentals
27	BERABerachain	127	CAUTIOUS HOLD	$45.8M	Novel Proof-of-Liquidity L1 with highest post-launch TVL in history, but BERA token down 97.5% and PoL is untested long-term
28	OPOptimism	123	CAUTIOUS HOLD	$198.9M	Ethereum L2 with Superchain vision and OP Stack powering Coinbase Base. Real sequencer revenue but massive token vesting schedule is the key headwind.
29	CAKEPancakeSwap	123	CAUTIOUS HOLD	$461.1M	BSC's dominant DEX with $1.5B TVL and real fee revenue; aggressive CAKE burn ongoing but BNB network dependence limits upside.
30	LPTLivepeer	123	CAUTIOUS HOLD	$59.5M	Decentralized video transcoding network. Real compute demand from video platforms.
31	ORCAOrca	123	CAUTIOUS HOLD	$62.3M	Concentrated liquidity DEX on Solana. Whirlpools with user-friendly UX.
32	HNTHelium	122	CAUTIOUS HOLD	$31.0M	Pioneer decentralized wireless network with real Solana migration complete; MOBILE/IOT subDAOs growing but HNT value accrual thin
33	GRTThe Graph	121	CAUTIOUS HOLD	$98.8M	Web3 data indexing with 700+ subgraphs; real query fee revenue but P/S elevated and token inflation from indexer rewards dilutes holders.
34	VELOVelodrome Finance	121	CAUTIOUS HOLD	$21.6M	Optimism's native DEX being cannibalized by Aerodrome on Base; V3 migration is make-or-break inflection
35	MAVMaverick Protocol	121	CAUTIOUS HOLD	$10.7M	Concentrated liquidity AMM with directional LP. Gas-efficient automated LP strategies.
36	TIACelestia	120	CAUTIOUS HOLD	$297.3M	Modular DA layer with strong VC backing and developer traction; only 22% circulating means severe multi-year open dilution ahead.
37	CHZChiliz	120	CAUTIOUS HOLD	$132.4M	Sports fan token platform. Socios.com with 100+ sports teams.

Scores come from the research pass dated 11 Jun 2026 and do not move with price. Market capitalisation is from the snapshot fetched 15 Aug 2026.

Common questions

Which small cap crypto tokens clear the framework?: 37 of 251 rated tokens pass. GEODNET (GEOD), Maple Finance (SYRUP), CoW Protocol (COW), Ether.fi (ETHFI), Pendle Finance (PENDLE) lead on composite score.
How is this screen defined?: Market capitalisation under $500M with a composite of 120 or better. Every variable is scored 1 to 10 against the same definition applied to all 251 rated tokens, and higher is always better.
Does passing this screen mean a token is a buy?: No. It means the token clears one filter on fundamentals as recorded at the scoring pass on 11 Jun 2026. 37 tokens pass, which is 15% of the universe, and the range of composite scores inside the set runs from 120 to 169.

Keep reading

Every screenTen filters over the same rated universe, each answering one question.Where the market disagreesFundamental rank against market-cap rank, and the widest gaps either way.All 251 rated tokensThe full ranking table and the method behind the 25 variables.

Research and analysis, not investment advice. A screen is one filter applied consistently, not a recommendation.

What this screen asks

The 37 that pass

Common questions

Keep reading

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