59 of 251 pass
Down hard, still scoring well
Which beaten-down crypto tokens still have good fundamentals?
Scoring pass 11 Jun 2026. Market snapshot 15 Aug 2026.
Pass
59
24% of 251
Median score
123/250
range 110 to 167
Best
167/250
UNI
Smallest that passes
$20.9M
KNC
01
What this screen asks
Down 85% or more from the all-time high, with a composite of 110 or better.
A deep drawdown is not a thesis. Pairing it with a composite that still clears the middle of the universe separates the ones the market repriced from the ones that stopped working. Recovering the high is a multiple, not a percentage, and each page states the multiple.
02
The 59 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.
| # | Token | Score | Verdict | Market cap | Thesis |
|---|---|---|---|---|---|
| 1 | UNIUniswap | 167 | HOLD | $2.05B | 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. |
| 2 | COWCoW Protocol | 167 | HOLD | $58.9M | Intent-based batch auction DEX. $87B vol 2025. P/S 3.1x. Net deflationary. Vesting complete. |
| 3 | ETHFIEther.fi | 162 | HOLD | $436.5M | $7.8B TVL on $350M mcap (22x TVL/MC). $50M buyback active. 84% circ. 250M token releases ahead. |
| 4 | AAVEAave | 156 | HOLD | $1.34B | 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. |
| 5 | 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 |
| 6 | 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%). |
| 7 | JUPJupiter | 151 | HOLD | $561.4M | S39 validated: Solana's DeFi superapp. 93.6% aggregator share, $2.9B TVL. Revenue declining -78% but net-zero emissions + vesting done. |
| 8 | CETUSCetus Protocol | 147 | HOLD | $19.5M | Leading CLMM DEX on Sui with near-monopoly status; strong TVL growth as Sui network expansion accelerates |
| 9 | SUISui | 146 | HOLD | $2.79B | Move-language L1 with best TVL growth trajectory in 2025-2026. Strong DeFi traction but heavy vesting schedule is key risk. |
| 10 | 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. |
| 11 | 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. |
| 12 | GMXGMX | 143 | HOLD | $70.7M | Protocol revenue ~$14M (not $42M total fees). Commodity perps live ($1.18B week-1). $20.86M buybacks. |
| 13 | 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). |
| 14 | 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. |
| 15 | 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. |
| 16 | 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. |
| 17 | AVAXAvalanche | 138 | CAUTIOUS HOLD | $2.92B | Best institutional traction among alt-L1s (3 ETFs, BlackRock BUIDL over $900M, SEC commodity, FIFA World Cup, CME futures). Revenue weakness real ($767K/yr current against Hyperliquid's roughly $844M 2025 revenue). Subnet L1s complement, not cannibalize. |
| 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 | NEARNEAR Protocol | 135 | CAUTIOUS HOLD | $2.15B | 46M MAU, $117M TVL. P/S 32-38x (not 290x, post-Intents revenue). AI Intents already live. |
| 20 | 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. |
| 21 | 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. |
| 22 | 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 |
| 23 | SNXSynthetix | 130 | CAUTIOUS HOLD | $115.3M | Best tokenomics (zero inflation, 100% fee buyback, 99.7% circ) but losing perps war. sUSD at $0.74. |
| 24 | RAYRaydium | 129 | CAUTIOUS HOLD | $168.9M | Cyclical memecoin infrastructure. Revenue collapsed 76% from peak. PumpSwap forking the model. |
| 25 | 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 |
| 26 | 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. |
| 27 | RENDERRender Network | 127 | CAUTIOUS HOLD | $661.1M | Decentralized GPU rendering marketplace correlated with the AI hype cycle. Real utility but valuation stretched vs actual render job revenue. |
| 28 | 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 |
| 29 | 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. |
| 30 | POLPolygon system Token | 123 | CAUTIOUS HOLD | $807.6M | Polygon's new staking and gas token replacing MATIC. AggLayer cross-chain aggregation is the core thesis but token vesting schedule is heavy. |
| 31 | 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. |
| 32 | LPTLivepeer | 123 | CAUTIOUS HOLD | $59.5M | Decentralized video transcoding network. Real compute demand from video platforms. |
| 33 | ORCAOrca | 123 | CAUTIOUS HOLD | $62.3M | Concentrated liquidity DEX on Solana. Whirlpools with user-friendly UX. |
| 34 | HNTHelium | 122 | CAUTIOUS HOLD | $31.0M | Pioneer decentralized wireless network with real Solana migration complete; MOBILE/IOT subDAOs growing but HNT value accrual thin |
| 35 | 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. |
| 36 | VELOVelodrome Finance | 121 | CAUTIOUS HOLD | $21.6M | Optimism's native DEX being cannibalized by Aerodrome on Base; V3 migration is make-or-break inflection |
| 37 | MAVMaverick Protocol | 121 | CAUTIOUS HOLD | $10.7M | Concentrated liquidity AMM with directional LP. Gas-efficient automated LP strategies. |
| 38 | ENAEthena | 120 | CAUTIOUS HOLD | $838.3M | USDe supply crashed 65% from $12B peak. BaFin banned under MiCA. Brutal vesting schedule. |
| 39 | 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. |
| 40 | CHZChiliz | 120 | CAUTIOUS HOLD | $132.4M | Sports fan token platform. Socios.com with 100+ sports teams. |
| 41 | COMPCompound | 119 | WATCH | $160.5M | OG DeFi lender with real protocol revenue but P/S ~112x makes valuation deeply stretched at current price. |
| 42 | PRIMEEchelon Prime | 119 | WATCH | $14.9M | Parallel TCG gaming token. Backed by Paradigm. Active player base. |
| 43 | MNDEMarinade | 119 | WATCH | $10.2M | Largest Solana liquid staking protocol. mSOL for staked SOL. |
| 44 | STXStacks | 118 | WATCH | $228.0M | Bitcoin L2 enabling smart contracts on Bitcoin. Nakamoto upgrade improved finality but TVL tiny and developer adoption slow vs Ethereum L2s. |
| 45 | WOOWOO Network | 118 | WATCH | $19.8M | Deep liquidity network connecting exchanges, traders, and DeFi platforms. |
| 46 | IMXImmutable X | 117 | WATCH | $95.8M | Web3 gaming ZK-rollup with major game studio partnerships; gaming L2 narrative still alive but token vesting pressure is severe |
| 47 | STGStargate Finance | 117 | WATCH | $20.1M | LayerZero-native bridge. Unified liquidity pools for cross-chain swaps. |
| 48 | JOETrader Joe | 117 | WATCH | $12.7M | Dominant DEX on Avalanche. Liquidity Book AMM with concentrated liquidity. |
| 49 | APTAptos | 116 | WATCH | $467.1M | Move-language L1 from ex-Meta team with solid tech but massive vesting schedule dragging price. TVL growing but token inflation brutal. |
| 50 | GNSGains Network | 116 | WATCH | $12.5M | 1.16x P/S but losing DEX war. 14-15M tokens burned (38%+ of initial). 97% circ/total. $113K volume. |
| 51 | QNTQuant | 116 | WATCH | $844.1M | Overledger cross-chain OS. Enterprise blockchain interop. UK/EU partnerships. |
| 52 | SSonic (prev. Fantom) | 115 | WATCH | $86.1M | Fantom rebranded to Sonic with 10,000 TPS EVM chain; Andre Cronje back driving DeFi revival with fee monetization |
| 53 | KASKaspa | 114 | WATCH | $706.9M | Fastest PoW blockchain using GHOSTDAG DAG protocol; Bitcoin-aligned narrative with real hashrate growth but no smart contracts |
| 54 | ADACardano | 113 | WATCH | $6.74B | Academic-grade L1 with heavy research pedigree but minimal DeFi traction. Chang hard fork improved governance but TVL remains tiny. |
| 55 | HBARHedera | 112 | WATCH | $2.89B | Hashgraph consensus L1. Enterprise governance council (Google, IBM, Dell, FedEx, Accenture). Boeing exited in Feb 2025. |
| 56 | TNSRTensor | 112 | WATCH | $24.0M | Leading Solana NFT marketplace and trading platform. Pro tools. |
| 57 | GRASSGrass | 111 | WATCH | $215.0M | Web scraping bandwidth marketplace that monetizes idle internet connections; interesting model but heavy vesting schedule and speculative revenue |
| 58 | YFIYearn Finance | 111 | WATCH | $69.7M | DeFi yield aggregator OG with real protocol revenue, but YFI buybacks alone cannot support a $91M market cap as yields compress and competition intensifies |
| 59 | KNCKyber Network | 110 | WATCH | $20.9M | DEX aggregator and liquidity protocol. KyberSwap elastic pools. |
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.
03
Common questions
- Which beaten-down crypto tokens still have good fundamentals?
- 59 of 251 rated tokens pass. Uniswap (UNI), CoW Protocol (COW), Ether.fi (ETHFI), Aave (AAVE), Virtuals Protocol (VIRTUAL) lead on composite score.
- How is this screen defined?
- Down 85% or more from the all-time high, with a composite of 110 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. 59 tokens pass, which is 24% of the universe, and the range of composite scores inside the set runs from 110 to 167.
Keep reading
Research and analysis, not investment advice. A screen is one filter applied consistently, not a recommendation.