Traction

TVL Trend, ranked

The direction of value locked in the protocol, not its level.

One of the 25 variables in the framework. 251 tokens rated. Scoring pass 18 Sept 2026.

Median
3/10
mean 3.6
Scoring 9 or 10
5
of 251 rated
Composite link
0.78
correlation with total score
Market link
0.22
rank correlation with market cap, n=236
01

What this variable measures

The direction of value locked in the protocol, not its level.

A 10 means capital is arriving consistently. A 1 means it is leaving and has been for some time.

Deposits are the one user behaviour that costs the user something, so the trend is harder to fake than any engagement metric.

02

What the universe says

Across 251 rated tokens the median score on TVL Trend is 3 of 10 and the mean is 3.6. 5 tokens score 9 or 10, and 63 score 2 or below. Hyperliquid leads at 9 of 10.

TVL Trend correlates 0.78 with the composite score across the universe, which makes it strongly tied to overall standing. Tokens that win here tend to win everywhere, so a high score is confirmation rather than an edge.

Against live market capitalisation for the 236 tokens with a matched market row, TVL Trend carries a rank correlation of 0.22. The market leans this way but does not price it consistently, so the ranking below still contains disagreement worth using.

TVL Trend and Revenue Trend correlate 0.84, so reading both is close to reading one twice. Treat them as a single position on the same question rather than two independent confirmations.

Maple Finance (SYRUP) scores 9 of 10 on TVL Trend, 1st of 251, on a market capitalisation under $500M. That gap between rank on this variable and rank by size is the whole reason to read the table rather than the top ten.

03

Distribution across the universe

23
1
40
2
78
3
46
4
35
5
11
6
8
7
5
8
5
9
0
10

Tokens at each score from 1 to 10. The shape matters: a variable where almost everything clusters at 3 is telling you the whole category fails it, not that one token is unusual.

04

All 251 tokens ranked

Sorted by score on this variable alone, so a token can lead here and rank poorly overall. That disagreement is the useful part: it is where a single-variable screen finds something the composite averages away.

251 crypto tokens ranked by TVL Trend, scored 1 to 10
#TokenTVL TrendCompositeMarket capVerdict
1HYPEHyperliquid3 ETFs live (THYP, BHYP, HYPG, about $253M combined AUM). About $600M annualised revenue after four straight quarterly declines, with builder fees now taking 18% of gross before buybacks. about 32% to 37% DEX perps share, down from roughly 70% in 2025. But closed-source, FCA warning, 22% circ.9/10193$19.71BHOLD CORE
2SYRUPMaple FinanceInstitutional 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 2026.9/10168$268.1MHOLD
3MORPHOMorphoInfrastructure lending protocol with $6.4B TVL and $203M annualized fees but zero revenue to token holders, fee switch off, founder opposes activation9/10157$1.75BHOLD
4SUISuiMove-language L1 with best TVL growth trajectory in 2025-2026. Strong DeFi traction but heavy vesting schedule is key risk.9/10146$4.63BHOLD
5ONDOOndo Finance$3B RWA platform but ONDO token captures $0 revenue. 57.79% in one wallet. -73% in 12mo.9/10115$2.27BWATCH
6MKRMaker / Sky$124M Q1 revenue. 2.7x gross P/S (~6.7x net). Buyback allocation cut from 75% to 7.5% of surplus in Mar 2026 to fund a $150M Solvency Reserve. Sky rebrand: about 81% of MKR already upgraded to SKY.8/10177not publishedHOLD CORE
7ETHFIEther.fi$7.8B TVL on $350M mcap (22x TVL/MC). $50M buyback active. 84% circ. 250M token releases ahead.8/10162$680.1MHOLD
8DRIFTDrift ProtocolExploited for $286M on 1 April 2026 through a compromised admin key and offline since. TVL fell from about $550M to under $250M. Held roughly 35% of Solana perp DEX volume before the attack.8/10142$14.3MHOLD
9KMNOKamino FinanceS38 validated: #1 Solana lending, $3.2B TVL, $14.3M rev, but zero value accrual to KMNO. Excellent protocol, worthless token.8/10138$214.9MCAUTIOUS HOLD
10SAFESafe (formerly Gnosis Safe)Token for the dominant smart-contract wallet securing $100B+ in assets, but governance token with minimal direct value accrual so far8/10132$84.0MCAUTIOUS HOLD
11WSTETHWrapped Lido Staked ETH7/10185$11.76BHOLD CORE
12SOLSolana7/10170$68.57BHOLD
13LINKChainlink7/10165$10.01BHOLD
14AEROAerodrome Finance7/10157$794.7MHOLD
15JUPJupiter7/10151$1.04BHOLD
16CRVCurve Finance7/10140$552.7MHOLD
17JTOJito7/10134$263.0MCAUTIOUS HOLD
18BERABerachain7/10127$76.8MCAUTIOUS HOLD
19ETHEthereum6/10187$313.17BHOLD CORE
20GEODGEODNET6/10169$137.0MHOLD
21UNIUniswap6/10167$4.91BHOLD
22LDOLido DAO6/10146$353.8MHOLD
23ACXAcross Protocol6/10137$30.5MCAUTIOUS HOLD
24ARBArbitrum6/10134$1.25BCAUTIOUS HOLD
25MAVMaverick Protocol6/10121$13.1MCAUTIOUS HOLD
26APTAptos6/10116$652.3MWATCH
27SSonic (prev. Fantom)6/10115$154.2MWATCH
28EIGENEigenLayer6/10107$226.1MWATCH
29SSVSSV Network6/10106$42.1MWATCH
30COWCoW Protocol5/10167$82.3MHOLD
31CBETHCoinbase Wrapped Staked ETH5/10158$484.5MHOLD
32VIRTUALVirtuals Protocol5/10151$502.6MCAUTIOUS HOLD
33LQTYLiquity5/10151$23.3MHOLD
34CETUSCetus Protocol5/10147$25.0MHOLD
35FLUIDFluid (Instadapp)5/10145$158.2MCAUTIOUS HOLD
36OKBOKB5/10145$2.75BHOLD
37BNBBNB5/10144$102.38BHOLD
38PAXGPAX Gold5/10141$1.79BHOLD
39SKYSky (formerly Maker)5/10141$1.86BCAUTIOUS HOLD
40ARArweave5/10140$274.9MHOLD
41INJInjective5/10139$727.9MCAUTIOUS HOLD
42BGBBitget Token5/10135$1.37BCAUTIOUS HOLD
43RAYRaydium5/10129$670.5MCAUTIOUS HOLD
44AKTAkash Network5/10129$210.6MCAUTIOUS HOLD
45GNOGnosis5/10128$316.6MCAUTIOUS HOLD
46TRXTRON5/10125$31.81BCAUTIOUS HOLD
47OPOptimism5/10123$273.9MCAUTIOUS HOLD
48POLPolygon system Token5/10123$1.08BCAUTIOUS HOLD
49CAKEPancakeSwap5/10123$698.0MCAUTIOUS HOLD
50ORCAOrca5/10123$167.2MCAUTIOUS HOLD
51VRTXVertex Protocol5/10121not publishedCAUTIOUS HOLD
52COMPCompound5/10119$234.1MWATCH
53MNDEMarinade5/10119$15.6MWATCH
54WOOWOO Network5/10118$23.6MWATCH
55IMXImmutable X5/10117$156.3MWATCH
56STGStargate Finance5/10117$20.1MWATCH
57JOETrader Joe5/10117$17.4MWATCH
58CFGCentrifuge5/10115not publishedWATCH
59DYDXdYdX5/10109$113.2MWATCH
60OMMANTRA5/10108$29.1MWATCH
61PYTHPyth Network5/10107$557.2MWATCH
62VELAVela Exchange5/10107not publishedWATCH
63SEISei5/10100$457.3MWATCH
64CORECore5/10100$29.2MWATCH
65PENDLEPendle Finance4/10160$391.5MHOLD
66RETHRocket Pool ETH4/10159$946.8MHOLD
67GMXGMX4/10143$84.3MHOLD
68ENSEthereum Name Service4/10137$269.1MCAUTIOUS HOLD
69NEARNEAR Protocol4/10135$6.64BCAUTIOUS HOLD
70OLASOlas (Autonolas)4/10129$13.4MCAUTIOUS HOLD
71TAOBittensor4/10128$3.29BCAUTIOUS HOLD
72LEOUNUS SED LEO4/10126$8.19BCAUTIOUS HOLD
73LITLighter4/10125$876.5MWATCH
74LPTLivepeer4/10123$82.2MCAUTIOUS HOLD
75GTGateToken4/10123not publishedCAUTIOUS HOLD
76HNTHelium4/10122$97.6MCAUTIOUS HOLD
77GRTThe Graph4/10121$297.6MCAUTIOUS HOLD
78VELOVelodrome Finance4/10121$46.1MCAUTIOUS HOLD
79TIACelestia4/10120$432.0MCAUTIOUS HOLD
80CHZChiliz4/10120$165.6MCAUTIOUS HOLD
81PRIMEEchelon Prime4/10119$14.8MWATCH
82KCSKuCoin Token4/10119not publishedWATCH
83STXStacks4/10118$697.8MWATCH
84GNSGains Network4/10116$9.5MWATCH
85HBARHedera4/10112$4.09BWATCH
86TNSRTensor4/10112$27.8MWATCH
87FTMFantom4/10111not publishedWATCH
88MATICPolygon (Legacy)4/10110$1.08BWATCH
89KNCKyber Network4/10110$28.1MWATCH
90BICOBiconomy4/10109$20.1MWATCH
91IOio.net4/10108$63.1MWATCH
92PERPPerpetual Protocol4/10108$2.8MWATCH
93ALCXAlchemix4/10108$6.6MWATCH
94GELGelato4/10107$498.0KWATCH
95SLNDSolend4/10106not publishedWATCH
96FXSFrax Share4/10105$28.3MWATCH
97QUICKQuickSwap4/10105$7.0MWATCH
98RPLRocket Pool4/10104$40.8MWATCH
99RDNTRadiant Capital4/10104$1.0MWATCH
100RSRReserve Rights4/10104$100.3MWATCH
101SHDWShadow Token4/10103$5.3MWATCH
102SCROLLScroll4/10102$4.7MWATCH
103ICPInternet Computer4/10102$1.75BWATCH
104TRUTrueFi4/10102$1.1MWATCH
105FILFilecoin4/10101$867.2MWATCH
106ATHAethir4/10101$132.9MWATCH
107FLRFlare4/1099$609.8MPASS
1081INCH1inch Network4/1093$138.1MPASS
109WWormhole4/1092$93.6MPASS
110PEAQpeaq4/1088$102.2MPASS
111BTCBitcoin3/10183$1.67THOLD CORE
112AAVEAave3/10156$2.65BHOLD
113AVAXAvalanche3/10138$4.93BCAUTIOUS HOLD
114SNXSynthetix3/10130$137.5MCAUTIOUS HOLD
115RENDERRender Network3/10127$1.05BCAUTIOUS HOLD
116XRPXRP3/10121$90.31BCAUTIOUS HOLD
117ENAEthena3/10120$3.06BCAUTIOUS HOLD
118XMRMonero3/10117$10.41BWATCH
119QNTQuant3/10116$3.53BWATCH
120ADACardano3/10113$9.57BWATCH
121GRASSGrass3/10111$457.9MWATCH
122YFIYearn Finance3/10111$86.4MWATCH
123FETFetch.ai (ASI Alliance)3/10109$522.8MWATCH
124STORJStorj3/10108$12.3MWATCH
125XLMStellar3/10108$7.01BWATCH
126GTCGitcoin3/10106$15.9MWATCH
127RONRonin3/10104$49.1MWATCH
128MLNEnzyme (Melon)3/10104not publishedWATCH
129DOTPolkadot3/10103$1.88BWATCH
130CVXConvex Finance3/10103$193.9MWATCH
131KLAYKlaytn3/10103not publishedWATCH
132KSMKusama3/10103$90.6MWATCH
133CROCronos3/10102$3.12BWATCH
134APEApeCoin3/10102$146.9MWATCH
135ILVIlluvium3/10101$31.5MWATCH
136MCMerit Circle (Beam)3/10101not publishedWATCH
137DASHDash3/10101$683.9MWATCH
138GMTSTEPN3/10101$25.0MWATCH
139AUDIOAudius3/10101$22.7MWATCH
140BADGERBadgerDAO3/10100$6.4MWATCH
141USUALUsual Protocol3/1099$23.6MPASS
142API3API33/1099$45.0MPASS
143CFXConflux3/1098$265.8MPASS
144MINAMina Protocol3/1098$121.4MPASS
145NMRNumeraire3/1098$105.4MPASS
146HTHuobi Token3/1098$16.3MPASS
147IOTXIoTeX3/1098$34.2MPASS
148ALGOAlgorand3/1097$1.05BPASS
149COTICOTI3/1097$39.1MPASS
150SKLSKALE3/1097$26.6MPASS
151ACHAlchemy Pay3/1097not publishedPASS
152REQRequest3/1097$42.8MPASS
153RADRadicle3/1097$19.5MPASS
154ANKRAnkr Network3/1096$46.1MPASS
155POOLPoolTogether3/1096$176.3KPASS
156FLUXFlux3/1096$191.3KPASS
157CTSICartesi3/1096$27.7MPASS
158ATOMCosmos3/1096$899.5MPASS
159ZKZKsync3/1095$129.1MPASS
160BALBalancer3/1095$9.1MPASS
161ALPACAAlpaca Finance3/1095$138.7KPASS
162YGGYield Guild Games3/1095$22.5MPASS
163INVInverse Finance3/1095$6.9MPASS
164POLYXPolymesh3/1095$52.9MPASS
165CELOCelo3/1094$57.3MPASS
166GLMRMoonbeam3/1094$13.9MPASS
167RLCiExec3/1094$61.1MPASS
168MXMEXC Token3/1094not publishedPASS
169CKBNervos Network3/1093$61.4MPASS
170STRKStarknet3/1093$366.4MPASS
171OSMOOsmosis3/1093$26.6MPASS
172PROPPropy3/1093$35.2MPASS
173FARMHarvest Finance3/1093$5.1MPASS
174MBOXMOBOX3/1092$298.5KPASS
175HOPRHOPR3/1092$8.7MPASS
176ALPHAAlpha Venture DAO3/1091$483.2KPASS
177PONDMarlin3/1091$14.2MPASS
178TRBTellor3/1090$56.4MPASS
179CELRCeler Network3/1090$22.9MPASS
180ALICEMy Neighbor Alice3/1089$16.9MPASS
181HIGHHighstreet3/1088not publishedPASS
182DENTDent3/1088$6.2MPASS
183BLASTBlast3/1087$4.9MPASS
184LEVERLeverFi3/1087not publishedPASS
185NOSNosana3/1086$52.5MPASS
186GOGGuild of Guardians3/1086$960.1KPASS
187CANTOCanto3/1086$2.0MPASS
188PRCLParcl3/1080$5.5MPASS
189BANANABanana Gun2/10135$15.5MCAUTIOUS HOLD
190KASKaspa2/10114$1.11BWATCH
191TONToncoin2/10110$4.02BWATCH
192RUNETHORChain2/10106$234.5MPASS
193ZROLayerZero2/10106$850.4MWATCH
194THETATheta Network2/10105$214.2MWATCH
195ZECZcash2/10101$22.59BWATCH
196VETVeChain2/10101$692.4MWATCH
197BONKBonk2/1093$300.8MPASS
198MOBILEHelium Mobile2/1092$6.0MPASS
199SNTStatus2/1092$38.1MPASS
200NANONano2/1090$46.6MPASS
201ETCEthereum Classic2/1090$1.32BPASS
202WLDWorldcoin2/1089$1.96BPASS
203XTZTezos2/1088$336.3MPASS
204SXPSolar2/1088$2.5MPASS
205AGLDAdventure Gold2/1086$18.0MPASS
206EGLDMultiversX (prev. Elrond)2/1085$123.2MPASS
207ROSEOasis Network2/1084$62.0MPASS
208BLURBlur2/1084$55.8MPASS
209FORTHAmpleforth Governance2/1084$3.0MPASS
210MASKMask Network2/1082$45.8MPASS
211BONDBarnBridge2/1082$93.5KPASS
212WAXPWAX2/1081$26.9MPASS
213KAVAKava2/1080$71.7MPASS
214FLOWFlow2/1078$53.4MPASS
215LRCLoopring2/1078$13.2MPASS
216IDEXIDEX2/1077$838.1KPASS
217MANTAManta Network2/1076$31.1MPASS
218AXSAxie Infinity2/1076$207.3MPASS
219BTTBitTorrent2/1076$357.4MPASS
220MCBMCDEX2/1076$8.9MPASS
221SUSHISushiSwap2/1074$66.7MPASS
222RVNRavencoin2/1074$36.1MPASS
223BANDBand Protocol2/1073$40.8MPASS
224MODEMode Network2/1072$666.9KPASS
225SHIBShiba Inu2/1071$3.17BPASS
226RBNRibbon Finance2/1068$1.7MPASS
227MOVEMovement2/1067$40.6MPASS
228SPELLSpell Token2/1063$16.0MPASS
229PENGUPudgy Penguins1/10104$535.4MWATCH
230LTCLitecoin1/10102$5.15BWATCH
231ORDIORDI1/1096$88.5MPASS
232PEPEPepe1/1092$1.70BPASS
233DOGEDogecoin1/1089$13.83BPASS
234FLOKIFLOKI1/1088$257.5MPASS
235WIFdogwifhat1/1088$227.9MPASS
236IOTAIOTA1/1078$248.2MPASS
237NOTNotcoin1/1073$45.0MPASS
238POPCATPopcat1/1073$46.9MPASS
239NEONeo1/1068$166.5MPASS
240SUPERSuperVerse1/1067$144.5MPASS
241JASMYJasmyCoin1/1067$243.3MPASS
242MANADecentraland1/1066$197.1MPASS
243ZILZilliqa1/1063$64.9MPASS
244DOGSDOGS1/1062$22.6MPASS
245QTUMQtum1/1061$97.7MPASS
246SANDThe Sandbox1/1058$219.2MPASS
247MEMEMemecoin1/1057$36.6MPASS
248NEIRONEIRO1/1056$35.3MPASS
249GALAGala Games1/1053$114.2MPASS
250KDAKadena1/1050$3.0MPASS
251ONEHarmony1/1048$32.9MPASS

Scores come from the research pass dated 18 Sept 2026 and do not move with price. Market capitalisation is from the live snapshot fetched 7 Oct 2026, so the two columns are stamped at different times on purpose.

05

Variables that move with this one

Correlations across all 251 rated tokens. A number near 1 means the two variables are close to the same measurement, which is worth knowing before treating a second high score as independent confirmation of the first.

06

Common questions

Which crypto tokens score highest on tvl trend?
Hyperliquid (HYPE) at 9, Maple Finance (SYRUP) at 9, Morpho (MORPHO) at 9, Sui (SUI) at 9, Ondo Finance (ONDO) at 9 lead the 251 rated tokens on TVL Trend, each scored 1 to 10 against the same definition.
What is a good tvl trend score?
The median across the universe is 3 of 10 and the mean is 3.6, so anything at 7 or above sits well inside the top of the distribution. Only 5 of 251 tokens reach 9 or 10.
Does tvl trend affect a token's market cap?
Rank correlation between TVL Trend and market capitalisation is 0.22 across 236 tokens with live market data. That is a weak relationship, so the market prices it only partly.

Keep reading

Research and analysis, not investment advice. Correlations describe the rated universe at one point in time and are not predictions.