Tokens rated PASS
Every token the 25-variable framework rated PASS, ranked by composite score against the full 251-token universe.
106 of 251 rated tokens (42%). Scoring pass 18 Sept 2026.
Tokens
106
Median score
88.5
of 250
Best
106
RUNE
Weakest
48
ONE
01
What this group has in common
Screened out. These tokens fail the framework badly enough that no entry price makes the risk sensible on the evidence gathered in this pass. Across the 106 tokens in this band the median composite is 88.5 of 250, running from 48 at the bottom to 106 at the top. The aggregate below shows where the band earns its score and where it consistently falls short, which is usually more informative than any single member.
Collectively strongest on
- Circulating / FDV Ratio5.71
- Regulatory Safety5.17
- Vesting Schedule4.94
Collectively weakest on
- Buyback and Burn1.96
- Protocol Revenue2.1
- TVL Trend2.33
Figures are the mean 1-to-10 score across all 106 members of the group, so they describe the group as a whole rather than any single token.
02
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.
| Rank | Token | Score | Verdict | Market cap | Dilution | Summary |
|---|---|---|---|---|---|---|
| 110 | RUNE THORChain | 106 | PASS | $234.5M | 1.08x | Protocol halted 30 days. $10.8M exploit. $200M lending default. $1.2B Lazarus laundering. -98.2% ATH. Bug bounty killed. |
| 147 | USUAL Usual Protocol | 99 | PASS | $23.6M | 1.54x | USD0 stablecoin protocol with real-world asset backing, but collapsed 96% from ATH amid depeg fears and hyperinflationary tokenomics |
| 147 | API3 API3 | 99 | PASS | $45.0M | 1.27x | First-party oracle provider with OEV (Oracle Extractable Value) recapture mechanism, but adoption remains limited vs Chainlink's entrenched network effects |
| 147 | FLR Flare | 99 | PASS | $609.8M | 1.23x | Data-centric L1. Flare Time Series Oracle. Cross-chain state connector. |
| 150 | CFX Conflux | 98 | PASS | $265.8M | 1x | China's only regulatory-compliant public blockchain; government backing is unique moat but adoption outside China near zero |
| 150 | MINA Mina Protocol | 98 | PASS | $121.4M | 1x | 22KB constant-size blockchain using ZK proofs; elegant tech with minimal network adoption and severe inflation from staking rewards. |
| 150 | NMR Numeraire | 98 | PASS | $105.4M | 1.53x | AI hedge fund data science tournament. Staking for ML model performance. |
| 150 | HT Huobi Token | 98 | PASS | $16.3M | 4.57x | HTX exchange token. Fee discounts and staking rewards. |
| 150 | IOTX IoTeX | 98 | PASS | $34.2M | 1.06x | DePIN L1 for IoT devices. W3bstream middleware. MachineFi. |
| 155 | ALGO Algorand | 97 | PASS | $1.05B | 1.1x | Pure PoS L1 with 4-second finality and strong academic roots; TVL thin at $180M and network activity stagnant despite tech quality. |
| 155 | COTI COTI | 97 | PASS | $39.1M | 1.65x | Privacy-focused L2 with garbled circuits. V2 confidential computing. |
| 155 | SKL SKALE | 97 | PASS | $26.6M | 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 | $42.8M | 1.26x | Decentralized payment requests and invoicing. Crypto accounting. |
| 155 | RAD Radicle | 97 | PASS | $19.5M | 1.69x | Decentralized code collaboration. P2P GitHub alternative. |
| 161 | ORDI ORDI | 96 | PASS | $88.5M | 1x | First BRC-20 token on Bitcoin Ordinals; fully diluted meme with cultural value but zero protocol revenue or utility |
| 161 | ANKR Ankr Network | 96 | PASS | $46.1M | 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 | $176.3K | 1.04x | No-loss prize savings protocol. Deposit stables, win prizes. |
| 161 | FLUX Flux | 96 | PASS | $191.3K | 1x | Decentralized cloud computing. 13K+ nodes. FluxOS for dApp deployment. |
| 161 | CTSI Cartesi | 96 | PASS | $27.7M | 1.05x | Linux rollups. Run full Linux programs as rollup computations. |
| 161 | ATOM Cosmos | 96 | PASS | $899.5M | 1x | Cosmos SDK #3 dev network globally but broken value accrual. $240K Hub TVL on $889M mcap. ICS revenue real but tiny ($526K/yr). Prop 848 inflation cap helps. Both cofounders gone. Named security in SEC lawsuits. |
| 167 | ZK ZKsync | 95 | PASS | $129.1M | 1.94x | ZK rollup with strong tech but catastrophic tokenomics; airdrop dump destroyed community trust and TVL collapsed 90%+ |
| 167 | BAL Balancer | 95 | PASS | $9.1M | 1.38x | 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 | ALPACA Alpaca Finance | 95 | PASS | $138.7K | 1.01x | Leveraged yield farming protocol on BNB Chain. |
| 167 | YGG Yield Guild Games | 95 | PASS | $22.5M | 1.11x | Gaming guild DAO. Scholar program for P2E game access. |
| 167 | INV Inverse Finance | 95 | PASS | $6.9M | 1.02x | DeFi lending with DOLA stablecoin. FiRM fixed-rate lending. |
| 167 | POLYX Polymesh | 95 | PASS | $52.9M | 1x | Purpose-built securities chain. Regulated security token issuance. |
| 173 | CELO Celo | 94 | PASS | $57.3M | 1.64x | Mobile-first L1 migrating to Ethereum L2 on OP Stack; migration complete but network traction and TVL extremely thin. |
| 173 | GLMR Moonbeam | 94 | PASS | $13.9M | 1.12x | EVM-compatible Polkadot parachain. Cross-chain interop via XCM. |
| 173 | RLC iExec | 94 | PASS | $61.1M | 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 | CKB Nervos Network | 93 | PASS | $61.4M | 1.02x | Bitcoin-compatible UTXO Layer 1 with RGB++ protocol enabling BTC-native assets; technically sound but tiny network |
| 177 | STRK Starknet | 93 | PASS | $366.4M | 1.35x | Technically superior ZK-STARK rollup but worst tokenomics in L2 sector; 98.9% down from ATH with years of releases remaining |
| 177 | 1INCH 1inch Network | 93 | PASS | $138.1M | 1.07x | DEX aggregator that pioneered intent-based routing but now faces commoditization from 0x, Paraswap, and native DEX aggregation within wallets |
| 177 | BONK Bonk | 93 | PASS | $300.8M | 1x | Solana's original dog meme coin with $480M market cap; massive community but zero fundamental revenue and pure sentiment-driven price action. |
| 177 | OSMO Osmosis | 93 | PASS | $26.6M | 1.26x | Cosmos DEX with heavy inflation and declining TVL dominance as IBC network fragments |
| 177 | PROP Propy | 93 | PASS | $35.2M | 1x | Real estate transaction automation. NFT property titles on-chain. |
| 177 | FARM Harvest Finance | 93 | PASS | $5.1M | 1.03x | Yield farming aggregator. Auto-compounds across DeFi protocols. |
| 184 | MOBILE Helium Mobile | 92 | PASS | $6.0M | 2.58x | Helium subDAO token for mobile network; extremely low liquidity and no direct value accrual beyond coverage reward emissions |
| 184 | W Wormhole | 92 | PASS | $93.6M | 1.52x | Cross-chain messaging with $45B+ cumulative bridge volume; only 18% circulating with devastating vesting schedule and no protocol revenue to token. |
| 184 | PEPE Pepe | 92 | PASS | $1.70B | 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 | MBOX MOBOX | 92 | PASS | $298.5K | 1.82x | GameFi platform combining yield farming and NFT gaming. |
| 184 | HOPR HOPR | 92 | PASS | $8.7M | 1.5x | Decentralized mixnet for data privacy. Network-layer privacy protocol. |
| 184 | SNT Status | 92 | PASS | $38.1M | 1.41x | Web3 messaging and browser. Waku privacy protocol. Keycard hardware. |
| 190 | ALPHA Alpha Venture DAO | 91 | PASS | $483.2K | 1x | DeFi network of leveraged yield products. Alpha Homora. |
| 190 | POND Marlin | 91 | PASS | $14.2M | 1.22x | High-performance network infrastructure. TEE coprocessors for DeFi. |
| 192 | TRB Tellor | 90 | PASS | $56.4M | 1.03x | Decentralized oracle. PoW-style dispute mechanism for price feeds. |
| 192 | CELR Celer Network | 90 | PASS | $22.9M | 1.26x | Cross-chain messaging and bridge protocol. cBridge for L2 transfers. |
| 192 | NANO Nano | 90 | PASS | $46.6M | 1x | Instant feeless payments. Block-lattice architecture. Fully distributed supply. |
| 192 | ETC Ethereum Classic | 90 | PASS | $1.32B | 1.33x | Original Ethereum chain. PoW consensus. Smart contract compatible. |
| 196 | WLD Worldcoin | 89 | PASS | $1.96B | 2.63x | Sam Altman-backed proof-of-personhood with global orb rollout but only 16.5% circulating; massive insider dilution incoming. |
| 196 | DOGE Dogecoin | 89 | PASS | $13.83B | 1.1x | Meme coin with infinite inflation and zero protocol revenue. Pure sentiment vehicle; Elon tweet exposure is both catalyst and risk. |
| 196 | ALICE My Neighbor Alice | 89 | PASS | $16.9M | 1x | Multiplayer farm game with blockchain assets. Accessible farming gameplay. |
| 199 | XTZ Tezos | 88 | PASS | $336.3M | 1.02x | Self-amending smart contract chain that pioneered on-chain governance; overtaken by faster-moving L1 and L2 alternatives |
| 199 | FLOKI FLOKI | 88 | PASS | $257.5M | 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 | WIF dogwifhat | 88 | PASS | $227.9M | 1x | Solana's top dog meme with fully diluted supply and $200M market cap; pure meme energy with no utility, revenue, or roadmap. |
| 199 | PEAQ peaq | 88 | PASS | $102.2M | 2.21x | DePIN-focused L1 on Polkadot. Machine economy infrastructure. |
| 199 | HIGH Highstreet | 88 | PASS | - | - | Commerce-centric metaverse. VR shopping with real brand products. |
| 199 | SXP Solar | 88 | PASS | $2.5M | 1x | DPoS blockchain formerly Swipe. Solar wallet and DEX network. |
| 199 | DENT Dent | 88 | PASS | $6.2M | 1x | Decentralized mobile data marketplace. eSIM and data trading. |
| 206 | BLAST Blast | 87 | PASS | $4.9M | 1.41x | Native yield L2 that briefly held $2B TVL via points farming but collapsed post-airdrop; tokenomics are broken |
| 206 | LEVER LeverFi | 87 | PASS | - | 1x | Leveraged trading protocol. Composable DeFi use. |
| 208 | NOS Nosana | 86 | PASS | $52.5M | 1x | Solana-native GPU inference network. CI/CD pipelines on decentralized compute. |
| 208 | GOG Guild of Guardians | 86 | PASS | $960.1K | 1.12x | Mobile RPG by Immutable. Blockchain gaming with tradeable heroes. |
| 208 | AGLD Adventure Gold | 86 | PASS | $18.0M | 1.03x | Loot NFT network token. Community-driven gaming DAO. |
| 208 | CANTO Canto | 86 | PASS | $2.0M | 1.64x | Free public infra L1. Built-in DEX, lending, stablecoin. No rent-seeking. |
| 212 | EGLD MultiversX (prev. Elrond) | 85 | PASS | $123.2M | 1x | Sharded Romanian L1 that rebranded to MultiversX; narrative exhausted with no meaningful DeFi or developer traction |
| 213 | ROSE Oasis Network | 84 | PASS | $62.0M | 1.24x | Privacy-focused L1 targeting confidential DeFi and data tokenization; thesis valid but adoption never arrived |
| 213 | BLUR Blur | 84 | PASS | $55.8M | 1.03x | 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 | $3.0M | 1.4x | AMPL governance token. Elastic supply stablecoin protocol. |
| 216 | MASK Mask Network | 82 | PASS | $45.8M | 1x | Browser extension for decentralized social media features that never achieved mainstream adoption; token has no revenue model |
| 216 | BOND BarnBridge | 82 | PASS | $93.5K | 1x | Risk tokenization protocol. Fixed-rate yield and tranching. |
| 218 | WAXP WAX | 81 | PASS | $26.9M | 1x | NFT-focused blockchain. Used for Alien Worlds and other play-to-earn. |
| 219 | KAVA Kava | 80 | PASS | $71.7M | 1x | EVM+Cosmos hybrid chain that failed to differentiate; stagnant TVL and minimal protocol revenue |
| 219 | PRCL Parcl | 80 | PASS | $5.5M | 1.1x | Real estate price indices on Solana. Trade city-level housing markets. |
| 221 | FLOW Flow | 78 | PASS | $53.4M | 1x | Dapper Labs chain built for NFTs (NBA TopShot); NFT market collapse destroyed its primary use case |
| 221 | LRC Loopring | 78 | PASS | $13.2M | 1x | Ethereum ZK-rollup DEX protocol that was first to market but lost the L2 race to Arbitrum, Optimism, and Base |
| 221 | IOTA IOTA | 78 | PASS | $248.2M | 1.07x | DAG-based IoT ledger that spent 6 years rebuilding its coordinator; fully diluted with no DeFi network |
| 224 | IDEX IDEX | 77 | PASS | $838.1K | 1x | Hybrid DEX combining orderbook and AMM models. |
| 225 | MANTA Manta Network | 76 | PASS | $31.1M | 2.07x | Privacy-focused L2 on both Polkadot and OP Stack that failed to differentiate; near-zero TVL and activity in 2026 |
| 225 | AXS Axie Infinity | 76 | PASS | $207.3M | 1.54x | 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 |
| 225 | BTT BitTorrent | 76 | PASS | $357.4M | 1x | Decentralized file sharing incentive token on TRON/BitTorrent network. |
| 225 | MCB MCDEX | 76 | PASS | $8.9M | 1.26x | Decentralized perp exchange using AMM. MCDEX V3 on Arbitrum. |
| 229 | SUSHI SushiSwap | 74 | PASS | $66.7M | 1.02x | Once-prominent fork DEX that lost its narrative, its developers, and its users; no credible recovery path for the token |
| 229 | RVN Ravencoin | 74 | PASS | $36.1M | 1.27x | PoW L1 for asset tokenization. Bitcoin fork with asset issuance. |
| 231 | NOT Notcoin | 73 | PASS | $45.0M | 1.03x | Telegram tap-to-earn game token. 100% circulating supply means no open overhang but zero DeFi integration and massive user base already rewarded. |
| 231 | BAND Band Protocol | 73 | PASS | $40.8M | 1x | Alternative oracle network that briefly challenged Chainlink in 2020-2021 but has since been almost entirely displaced; no meaningful recovery signals |
| 231 | POPCAT Popcat | 73 | PASS | $46.9M | 1x | Pure Solana memecoin based on the Popcat internet meme; zero utility, zero revenue, 100% sentiment and market cycle exposure |
| 234 | MODE Mode Network | 72 | PASS | $666.9K | 1.2x | OP Stack L2 focused on DeFi yield aggregation; lost relevance post-airdrop with no unique differentiation from Base/Optimism |
| 235 | SHIB Shiba Inu | 71 | PASS | $3.17B | 1x | Meme coin with quadrillions of tokens and negligible DeFi. Shibarium L2 launched but sees minimal usage. Pure sentiment and retail speculation. |
| 236 | NEO Neo | 68 | PASS | $166.5M | 1.42x | Chinese Ethereum from 2017 with dual-token model (NEO+GAS); the 'smart economy' never materialized |
| 236 | RBN Ribbon Finance | 68 | PASS | $1.7M | 14.86x | 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 | $144.5M | 1.54x | Rebranded SuperFarm gaming/NFT network with celebrity associations that never translated to user adoption; token structurally impaired |
| 238 | MOVE Movement | 67 | PASS | $40.6M | 2.22x | Move language L1 down 98.6% from ATH following market maker scandal and insider dumping; project credibility severely damaged |
| 238 | JASMY JasmyCoin | 67 | PASS | $243.3M | 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 | $197.1M | 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 | ZIL Zilliqa | 63 | PASS | $64.9M | 1.08x | 2018-era sharding chain that lost the scalability race; GameFi pivot failed to gain traction |
| 242 | SPELL Spell Token | 63 | PASS | $16.0M | 1.22x | Governance token for Abracadabra Money (MIM stablecoin), permanently impaired by Wonderland scandal and UST contagion; no recovery path evident |
| 244 | DOGS DOGS | 62 | PASS | $22.6M | 1.06x | Telegram meme coin distributed via airdrop to community. No utility beyond speculation. Purely a TON network sentiment trade. |
| 245 | QTUM Qtum | 61 | PASS | $97.7M | 1.02x | 2017-era Bitcoin UTXO + Ethereum EVM hybrid; technically obsolete and network is a ghost town |
| 246 | SAND The Sandbox | 58 | PASS | $219.2M | 1.02x | -99.4% ATH. 4,500 DAU. Founders ousted. 50% layoffs. Staking dead. $312K daily vol. Metaverse narrative buried. |
| 247 | MEME Memecoin | 57 | PASS | $36.6M | 1.07x | 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 | $35.3M | 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 | $114.2M | 1x | 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 |
| 250 | KDA Kadena | 50 | PASS | $3.0M | 2.95x | PoW blockchain with 20-chain sharding that promised infinite scale; network is effectively dead |
| 251 | ONE Harmony | 48 | PASS | $32.9M | 1x | Sharded L1 permanently damaged by the $100M Horizon bridge hack; trust destroyed, network never recovered |
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
Market caps from CoinGecko, fetched 7 Oct 2026. Scores come from the research pass dated 18 Sept 2026. Research and analysis, not investment advice. Early Thunder scores are one framework applied consistently across 251 tokens, not a prediction of price.