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  • bitcoinBitcoin (BTC) $ 96,828.00
  • ethereumEthereum (ETH) $ 2,718.71
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.29
  • solanaSolana (SOL) $ 192.98
  • bnbBNB (BNB) $ 581.27
  • usd-coinUSDC (USDC) $ 0.999998
  • dogecoinDogecoin (DOGE) $ 0.248855
  • cardanoCardano (ADA) $ 0.715210
  • staked-etherLido Staked Ether (STETH) $ 2,716.35
  • tronTRON (TRX) $ 0.228121
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 96,787.00
  • chainlinkChainlink (LINK) $ 18.79
  • wrapped-stethWrapped stETH (WSTETH) $ 3,240.40
  • avalanche-2Avalanche (AVAX) $ 24.84
  • stellarStellar (XLM) $ 0.320224
  • suiSui (SUI) $ 3.15
  • the-open-networkToncoin (TON) $ 3.74
  • leo-tokenLEO Token (LEO) $ 9.78
  • hedera-hashgraphHedera (HBAR) $ 0.231068
  • shiba-inuShiba Inu (SHIB) $ 0.000015
  • bitget-tokenBitget Token (BGB) $ 6.69
  • usdsUSDS (USDS) $ 0.999687
  • litecoinLitecoin (LTC) $ 104.45
  • hyperliquidHyperliquid (HYPE) $ 23.41
  • wethWETH (WETH) $ 2,718.19
  • polkadotPolkadot (DOT) $ 4.58
  • bitcoin-cashBitcoin Cash (BCH) $ 321.54
  • ethena-usdeEthena USDe (USDE) $ 0.999721
  • mantra-daoMANTRA (OM) $ 5.78
  • wrapped-eethWrapped eETH (WEETH) $ 2,877.80
  • uniswapUniswap (UNI) $ 8.96
  • ondo-financeOndo (ONDO) $ 1.36
  • moneroMonero (XMR) $ 220.44
  • whitebitWhiteBIT Coin (WBT) $ 27.56
  • pepePepe (PEPE) $ 0.000009
  • nearNEAR Protocol (NEAR) $ 3.22
  • aaveAave (AAVE) $ 243.09
  • mantleMantle (MNT) $ 1.08
  • daiDai (DAI) $ 1.00
  • official-trumpOfficial Trump (TRUMP) $ 17.53
  • aptosAptos (APT) $ 5.74
  • internet-computerInternet Computer (ICP) $ 6.82
  • ethereum-classicEthereum Classic (ETC) $ 19.93
  • susdssUSDS (SUSDS) $ 1.04
  • okbOKB (OKB) $ 45.65
  • bittensorBittensor (TAO) $ 322.46
  • vechainVeChain (VET) $ 0.032552
  • gatechain-tokenGate (GT) $ 20.92
  • crypto-com-chainCronos (CRO) $ 0.095834
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.302314
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 96,783.00
  • algorandAlgorand (ALGO) $ 0.268545
  • render-tokenRender (RENDER) $ 4.23
  • jupiter-exchange-solanaJupiter (JUP) $ 0.830413
  • tokenize-xchangeTokenize Xchange (TKX) $ 27.36
  • kaspaKaspa (KAS) $ 0.084433
  • filecoinFilecoin (FIL) $ 3.19
  • arbitrumArbitrum (ARB) $ 0.444939
  • cosmosCosmos Hub (ATOM) $ 4.43
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.721918
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 97,210.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998717
  • fasttokenFasttoken (FTN) $ 3.93
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,715.21
  • binance-staked-solBinance Staked SOL (BNSOL) $ 199.49
  • kucoin-sharesKuCoin (KCS) $ 12.54
  • raydiumRaydium (RAY) $ 5.27
  • ethenaEthena (ENA) $ 0.486317
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 96,518.00
  • celestiaCelestia (TIA) $ 2.93
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,809.07
  • lido-daoLido DAO (LDO) $ 1.66
  • optimismOptimism (OP) $ 1.06
  • movementMovement (MOVE) $ 0.591620
  • xdce-crowd-saleXDC Network (XDC) $ 0.088018
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,044.35
  • blockstackStacks (STX) $ 0.901977
  • immutable-xImmutable (IMX) $ 0.777316
  • sonic-3Sonic (prev. FTM) (S) $ 0.426413
  • nexoNEXO (NEXO) $ 1.32
  • theta-tokenTheta Network (THETA) $ 1.32
  • bonkBonk (BONK) $ 0.000017
  • injective-protocolInjective (INJ) $ 13.36
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,870.50
  • the-graphThe Graph (GRT) $ 0.129190
  • worldcoin-wldWorldcoin (WLD) $ 1.23
  • flare-networksFlare (FLR) $ 0.020369
  • usual-usdUsual USD (USD0) $ 0.997617
  • dexeDeXe (DEXE) $ 20.11
  • jasmycoinJasmyCoin (JASMY) $ 0.021964
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 96,115.00
  • msolMarinade Staked SOL (MSOL) $ 244.07
  • sei-networkSei (SEI) $ 0.221686
  • the-sandboxThe Sandbox (SAND) $ 0.378483
  • galaGALA (GALA) $ 0.021415
  • chain-2Onyxcoin (XCN) $ 0.027164
  • eosEOS (EOS) $ 0.582409
  • flokiFLOKI (FLOKI) $ 0.000089
  • ethereum-name-serviceEthereum Name Service (ENS) $ 25.89
  • tezosTezos (XTZ) $ 0.833445
  • bittorrentBitTorrent (BTT) $ 0.00000085
  • berachain-beraBerachain (BERA) $ 7.48
  • makerMaker (MKR) $ 902.51
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.21
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 96,777.00
  • kaiaKaia (KAIA) $ 0.132415
  • iotaIOTA (IOTA) $ 0.212727
  • bitcoin-svBitcoin SV (BSV) $ 38.77
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 208.78
  • ultimaUltima (ULTIMA) $ 17,370.16
  • jito-governance-tokenJito (JTO) $ 2.55
  • flowFlow (FLOW) $ 0.475057
  • usddUSDD (USDD) $ 1.00
  • neoNEO (NEO) $ 10.42
  • dogwifcoindogwifhat (WIF) $ 0.728873
  • tether-goldTether Gold (XAUT) $ 2,881.52
  • wbnbWrapped BNB (WBNB) $ 581.13
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.010792
  • aerodrome-financeAerodrome Finance (AERO) $ 0.882786
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,814.14
  • pyth-networkPyth Network (PYTH) $ 0.183277
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,871.84
  • fraxFrax (FRAX) $ 0.996299
  • roninRonin (RON) $ 1.03
  • arweaveArweave (AR) $ 9.79
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.248797
  • axie-infinityAxie Infinity (AXS) $ 3.98
  • heliumHelium (HNT) $ 3.53
  • curve-dao-tokenCurve DAO (CRV) $ 0.481528
  • usdx-money-usdxusdx.money USDX (USDX) $ 0.983684
  • starknetStarknet (STRK) $ 0.235443
  • spx6900SPX6900 (SPX) $ 0.645568
  • elrond-erd-2MultiversX (EGLD) $ 21.35
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,717.48
  • pax-goldPAX Gold (PAXG) $ 2,891.02
  • decentralandDecentraland (MANA) $ 0.313802
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,716.83
  • paypal-usdPayPal USD (PYUSD) $ 0.999656
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,718.20
  • pumpbtcpumpBTC (PUMPBTC) $ 93,070.00
  • matic-networkPolygon (MATIC) $ 0.302543
  • resolv-usrResolv USR (USR) $ 0.999948
  • chex-tokenCHEX Token (CHEX) $ 0.543144
  • telcoinTelcoin (TEL) $ 0.006886
  • conflux-tokenConflux (CFX) $ 0.109918
  • beldexBeldex (BDX) $ 0.076642
  • meowMEOW (MEOW) $ 0.005852
  • beam-2Beam (BEAM) $ 0.009978
  • dydx-chaindYdX (DYDX) $ 0.714700
  • chilizChiliz (CHZ) $ 0.054663
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 96,804.00
  • pendlePendle (PENDLE) $ 3.03
  • coredaoorgCore (CORE) $ 0.527779
  • true-usdTrueUSD (TUSD) $ 0.997291
  • ecasheCash (XEC) $ 0.000025
  • aioz-networkAIOZ Network (AIOZ) $ 0.428515
  • kavaKava (KAVA) $ 0.453211
  • clbtcclBTC (CLBTC) $ 97,584.00
  • insurance-2INSURANCE (INSURANCE) $ 25.72
  • apecoinApeCoin (APE) $ 0.667099
  • akash-networkAkash Network (AKT) $ 1.94
  • zcashZcash (ZEC) $ 29.86
  • based-brettBrett (BRETT) $ 0.047815
  • amp-tokenAmp (AMP) $ 0.005597
  • fartcoinFartcoin (FARTCOIN) $ 0.469190
  • tbtctBTC (TBTC) $ 96,638.00
  • wormholeWormhole (W) $ 0.161460
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008238
  • gnosisGnosis (GNO) $ 175.78
  • thorchainTHORChain (RUNE) $ 1.28
  • quantixaiQuantixAI (QAI) $ 84.50
  • apenftAPENFT (NFT) $ 0.00000044
  • deepDeepBook (DEEP) $ 0.173917
  • compound-governance-tokenCompound (COMP) $ 48.87
  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 2,678.82
  • super-oethSuper OETH (SUPEROETHB) $ 2,719.33
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,958.92
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999659
  • olympusOlympus (OHM) $ 25.18
  • morphoMorpho (MORPHO) $ 1.86
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • mina-protocolMina Protocol (MINA) $ 0.332448
  • usdbUSDB (USDB) $ 0.991096
  • eigenlayerEigenlayer (EIGEN) $ 1.71
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.38
  • ai-companionsAI Companions (AIC) $ 0.396691
  • zksyncZKsync (ZK) $ 0.107066
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,720.73
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 34.92
  • echelon-primeEchelon Prime (PRIME) $ 6.84
  • vethor-tokenVeThor (VTHO) $ 0.004351
  • frax-etherFrax Ether (FRXETH) $ 2,708.47
  • gigachad-2Gigachad (GIGA) $ 0.038101
  • stader-ethxStader ETHx (ETHX) $ 2,857.41
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 97,009.00
  • axelarAxelar (AXL) $ 0.394695
  • newton-projectNewton Project (NEW) $ 0.008299
  • swethSwell Ethereum (SWETH) $ 2,932.19
  • creditcoin-2Creditcoin (CTC) $ 0.840117
  • 1inch1inch (1INCH) $ 0.253018
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.846969
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000063
  • havvenSynthetix Network (SNX) $ 0.994526
  • verus-coinVerus (VRSC) $ 4.29
  • snekSnek (SNEK) $ 0.004538
  • qtumQtum (QTUM) $ 3.17
  • ai16zai16z (AI16Z) $ 0.303397
  • compound-wrapped-btccWBTC (CWBTC) $ 1,944.21
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 0.997360
  • mx-tokenMX (MX) $ 3.40
  • justJUST (JST) $ 0.032420
  • polygon-bridged-wbtc-polygon-posPolygon Bridged WBTC (Polygon POS) (WBTC) $ 96,767.00
  • dydxdYdX (ETHDYDX) $ 0.714146
  • xyo-networkXYO Network (XYO) $ 0.022862
  • mog-coinMog Coin (MOG) $ 0.00000081
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,982.62
  • toshiToshi (TOSHI) $ 0.000728
  • safepalSafePal (SFP) $ 0.626817
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.003050
  • theta-fuelTheta Fuel (TFUEL) $ 0.044449
  • grassGrass (GRASS) $ 1.23
  • kusamaKusama (KSM) $ 18.66
  • superfarmSuperVerse (SUPER) $ 0.663221
  • dashDash (DASH) $ 24.64
  • livepeerLivepeer (LPT) $ 7.86
  • layerzeroLayerZero (ZRO) $ 2.67
  • freysa-aiFreysa AI (FAI) $ 0.036113
  • safeSafe (SAFE) $ 0.543587
  • blurBlur (BLUR) $ 0.133454
  • astarAstar (ASTR) $ 0.037485
  • nervos-networkNervos Network (CKB) $ 0.006154
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,011.51
  • whiterockWhiteRock (WHITE) $ 0.000451
  • wouldwould (WOULD) $ 0.279932
  • resolv-wstusrResolv wstUSR (WSTUSR) $ 1.05
  • solayer-staked-solSolayer Staked SOL (SSOL) $ 203.77
  • oasis-networkOasis (ROSE) $ 0.040789
  • wemix-tokenWEMIX (WEMIX) $ 0.656304
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.999211
  • holotokenHolo (HOT) $ 0.001528
  • swissborgSwissBorg (BORG) $ 0.271203
  • ousgOUSG (OUSG) $ 109.88
  • notcoinNotcoin (NOT) $ 0.002610
  • zilliqaZilliqa (ZIL) $ 0.013699
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,820.68
  • the-grays-currencyThe Grays Currency (PTGC) $ 0.000898
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000012
  • agentfun-aiAgentFun.AI (AGENTFUN) $ 2.56
  • basic-attention-tokenBasic Attention (BAT) $ 0.170849
  • turboTurbo (TURBO) $ 0.003704
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.002853
  • elixir-deusdElixir deUSD (DEUSD) $ 0.999758
  • arkhamArkham (ARKM) $ 0.718066
  • bridged-wrapped-ether-starkgateBridged Ether (StarkGate) (ETH) $ 2,704.93
  • 0x0x Protocol (ZRX) $ 0.290221
  • metars-genesisMetars Genesis (MRS) $ 2.91
  • tribe-2Tribe (TRIBE) $ 0.532956
  • clearpoolClearpool (CPOOL) $ 0.333242
  • ether-fiEther.fi (ETHFI) $ 1.10
  • gasGas (GAS) $ 3.72
  • quoriumQuorium (QGOLD) $ 2,864.63
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000
  • bybit-staked-solBybit Staked SOL (BBSOL) $ 204.37
  • ordinalsORDI (ORDI) $ 11.36
  • golemGolem (GLM) $ 0.238089
  • instadappFluid (FLUID) $ 6.01
  • usda-2USDa (USDA) $ 0.999396
  • mocaverseMoca Network (MOCA) $ 0.140069
  • origintrailOriginTrail (TRAC) $ 0.468373
  • celoCelo (CELO) $ 0.408843
  • ecoin-2Ecoin (ECOIN) $ 0.000499
  • plumePlume (PLUME) $ 0.113500
  • melania-memeMelania Meme (MELANIA) $ 1.51
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 29.48
  • ankrAnkr Network (ANKR) $ 0.021988
  • aixbtaixbt by Virtuals (AIXBT) $ 0.255385
  • mask-networkMask Network (MASK) $ 2.19
  • skaleSKALE (SKL) $ 0.037835
  • aethirAethir (ATH) $ 0.035249
  • siacoinSiacoin (SC) $ 0.003885
  • btse-tokenBTSE Token (BTSE) $ 1.34
  • bio-protocolBio Protocol (BIO) $ 0.131859
  • swftcoinSWFTCOIN (SWFTC) $ 0.021542
  • ravencoinRavencoin (RVN) $ 0.014208
  • popcatPopcat (POPCAT) $ 0.214129
  • abtcaBTC (ABTC) $ 96,880.00
  • enjincoinEnjin Coin (ENJ) $ 0.115469
  • uxlinkUXLINK (UXLINK) $ 0.612044
  • ethereum-pow-iouEthereumPoW (ETHW) $ 1.92
  • threshold-network-tokenThreshold Network (T) $ 0.020451
  • woo-networkWOO (WOO) $ 0.110869
  • aelfaelf (ELF) $ 0.279473
  • metaplexMetaplex (MPLX) $ 0.271784
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 2,883.40
  • osmosisOsmosis (OSMO) $ 0.281080
  • qubic-networkQubic (QUBIC) $ 0.000002
  • zetachainZetaChain (ZETA) $ 0.289241
  • gmt-tokenGoMining Token (GOMINING) $ 0.475393
  • wrapped-ether-mantle-bridgeWrapped Ether (Mantle Bridge) (WETH) $ 2,716.75
  • yearn-financeyearn.finance (YFI) $ 5,777.09
  • drift-protocolDrift Protocol (DRIFT) $ 0.681030
  • coinex-tokenCoinEx (CET) $ 0.071311
  • bazaarsBazaars (BZR) $ 16.86
  • iotexIoTeX (IOTX) $ 0.020311
  • polymeshPolymesh (POLYX) $ 0.168996
  • treehouse-ethTreehouse ETH (TETH) $ 3,239.68
  • ioio.net (IO) $ 1.40
  • constellation-labsConstellation (DAG) $ 0.053014
  • ghoGHO (GHO) $ 0.999614
  • decredDecred (DCR) $ 11.16
  • zencashHorizen (ZEN) $ 11.59
  • rollbit-coinRollbit Coin (RLB) $ 0.081078
  • wrapped-avaxWrapped AVAX (WAVAX) $ 24.82
  • peaq-2peaq (PEAQ) $ 0.263272
  • nxmNexus Mutual (NXM) $ 58.25
  • sun-tokenSun Token (SUN) $ 0.018388
  • availAvail (AVAIL) $ 0.091077
  • vanaVana (VANA) $ 5.77
  • act-i-the-ai-prophecyAct I The AI Prophecy (ACT) $ 0.187289
  • convex-financeConvex Finance (CVX) $ 2.15
  • ipmbGoldPro (GPRO) $ 38.16
  • lorenzo-stbtcLorenzo stBTC (STBTC) $ 96,247.00
  • bitkub-coinBitkub Coin (KUB) $ 1.96
  • ai-rig-complexAI Rig Complex (ARC) $ 0.169302
  • harmonyHarmony (ONE) $ 0.013927
  • ontologyOntology (ONT) $ 0.186994
  • stepnGMT (GMT) $ 0.064221
  • chiaChia (XCH) $ 12.13
  • rcgeRCGE ($RCGE) $ 0.014215
  • nemNEM (XEM) $ 0.018591
  • terra-luna-2Terra (LUNA) $ 0.243034
  • spell-tokenSpell (SPELL) $ 0.001062
  • memecoin-2Memecoin (MEME) $ 0.004393
  • gmxGMX (GMX) $ 16.74
  • peanut-the-squirrelPeanut the Squirrel (PNUT) $ 0.164338
  • compound-ethercETH (CETH) $ 54.65
  • lcxLCX (LCX) $ 0.172563
  • world-mobile-tokenWorld Mobile Token (WMTX) $ 0.235142
  • alchemy-payAlchemy Pay (ACH) $ 0.032008
  • sushiSushi (SUSHI) $ 0.821628
  • cheems-tokenCheems Token (CHEEMS) $ 0.00000078
  • kadenaKadena (KDA) $ 0.518536
  • loopringLoopring (LRC) $ 0.126388
  • project-galaxyGalxe (GAL) $ 1.23
  • paal-aiPAAL AI (PAAL) $ 0.176036
  • stp-networkSTP (STPT) $ 0.079776
  • m2-global-wealth-limited-mmxMMX (MMX) $ 0.992439
  • animeAnimecoin (ANIME) $ 0.027599
  • illuviumIlluvium (ILV) $ 20.73
  • zelcashFlux (FLUX) $ 0.401417
  • reserve-protocol-eth-plusETHPlus (ETH+) $ 2,826.82
  • casper-networkCasper Network (CSPR) $ 0.011653
  • l2-standard-bridged-weth-blastL2 Standard Bridged WETH (Blast) (WETH) $ 2,718.44
  • desoDecentralized Social (DESO) $ 14.13
  • biconomyBiconomy (BICO) $ 0.160583
  • hivemapperHivemapper (HONEY) $ 0.046813
  • digibyteDigiByte (DGB) $ 0.008422
  • usualUsual (USUAL) $ 0.254000
  • zeus-networkZeus Network (ZEUS) $ 0.383247
  • mines-of-dalarniaMines of Dalarnia (DAR) $ 0.135984
  • amnis-aptosAmnis Aptos (AMAPT) $ 5.75
  • magic-edenMagic Eden (ME) $ 1.27
  • griffainGRIFFAIN (GRIFFAIN) $ 0.143300
  • manta-networkManta Network (MANTA) $ 0.380290
  • global-commercial-businessGlobal Commercial Business (GCB) $ 0.117832
  • metis-tokenMetis (METIS) $ 22.73
  • frax-shareFrax Share (FXS) $ 1.60
  • nosanaNosana (NOS) $ 1.67
  • venice-tokenVenice Token (VVV) $ 5.34
  • across-protocolAcross Protocol (ACX) $ 0.322788
  • bonfidaSolana Name Service (FIDA) $ 0.139681
  • book-of-memeBOOK OF MEME (BOME) $ 0.002003
  • aevo-exchangeAevo (AEVO) $ 0.153156
  • neiro-3Neiro (NEIRO) $ 0.000328
  • elixir-staked-deusdElixir Staked deUSD (SDEUSD) $ 1.02
  • ampleforthAmpleforth (AMPL) $ 1.16
  • hiveHive (HIVE) $ 0.293335
  • band-protocolBand Protocol (BAND) $ 0.867953
  • swipeSolar (SXP) $ 0.212441
  • blockvBLOCKv (VEE) $ 0.040662
  • g-tokenGravity (G) $ 0.018421
  • kinesis-goldKinesis Gold (KAU) $ 92.08
  • umaUMA (UMA) $ 1.56
  • ketKet (KET) $ 0.131410
  • zignalyZIGChain (ZIG) $ 0.092795
  • vineVine (VINE) $ 0.130737
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,804.47
  • audiusAudius (AUDIO) $ 0.100752
  • nanoNano (XNO) $ 0.978919
  • aleoALEO (ALEO) $ 0.405771
  • goplus-securityGoPlus Security (GPS) $ 0.162287
  • cronos-bridged-usdc-cronosCronos Bridged USDC (Cronos) (USDC) $ 1.01
  • huobi-tokenHuobi (HT) $ 0.814709
  • stasis-eursSTASIS EURO (EURS) $ 1.04
  • veloVelo (VELO) $ 0.017386
  • iconICON (ICX) $ 0.122502
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Culprit Behind Ethereum Congestion? Forsage Ponzi Scheme, Not DeFi

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The popular opinion is that DeFi congests Ethereum, but the data shows that a Ponzi scheme is responsible.

Culprit Behind Ethereum Congestion? Forsage Ponzi Scheme, Not DeFi

Key Takeaways

  • Transaction and gas costs on Ethereum have surged in 2020
  • While the increase in Gas costs coincided with the DeFi craze, data shows that the sector is not the primary reason behind Ethereum’s clogged network
  • The Ethereum-based Ponzi scheme Forsage drives transaction fees up because of its expensive registration procedure
  • This year has become the year of DeFi. While the top Layer 1 blockchains compete for uses in the niche, Ethereum remains the king. The surge in daily active addresses and transaction fees on Ethereum suggests that DeFi is pushing the network to its limits.

    Culprit Behind Ethereum Congestion? Forsage Ponzi Scheme, Not DeFi
    Ethereum daily active addresses (solid purple) vs. median Ethereum transaction fee (dotted purple), USD. Source: CoinMetrics

    While the network’s congestion brings Ethereum’s years-old scalability problem back to the table, the excessive demand for DeFi is favorable for the ecosystem development. Now, new data shows that contrary to popular belief, DeFi is not the major reason behind Ethereum’s clogged network.

    Meet the Forsage Ponzi

    On its website, Forsage positions itself as an “international crowdfunding” platform. However, it doesn’t showcase any projects that try to raise funds. Instead, users see how much partners can earn along with referral tiers.

    A look at the project’s team information raises another red flag. There are no founders or team members, just two lines saying that Forsage “belongs to the community.”

    The project’s videos promising daily payouts in ETH evoke memories of BitConnect. Albeit, without the infamous Carlos Matos, they are much less entertaining. In other words, Forsage is almost surely a Ponzi scheme. While a crypto Ponzi is nothing new, Forsage played a crucial role in distorting the organic dApp usage on Ethereum. 

    Recommended article: learn more about how to identify potential cryptocurrency scams.

    The project currently ranks first by the number of users and the number of transactions on DappRadar, leaving the closest competitors behind by a large margin. A closer look at the on-chain data reveals that calls to Forsage’s smart-contract started to pick up in Q2, 2020, and significantly outpaced top-performing decentralized exchanges (DEXes).

    Culprit Behind Ethereum Congestion? Forsage Ponzi Scheme, Not DeFi
    Daily active users on Forsage (blue) vs. on 1Inch Exchange (red). Source: Bloxy
    Culprit Behind Ethereum Congestion? Forsage Ponzi Scheme, Not DeFi
    Daily transactions on Forsage (blue) vs. on IDEX (red). Source: Bloxy

    Curiously, the mean USD value of Ethereum daily transaction fees started to pick up beginning in April 2020, shortly after interactions with Forsage surged in the second half of March 2020.

    Culprit Behind Ethereum Congestion? Forsage Ponzi Scheme, Not DeFi
    Daily transactions on the Forsage smart-contract (gold) vs. median Ethereum Gas price, USD (green). Sources: Bloxy, CoinMetrics

    How Does Forsage Clog Ethereum?

    While Forsage is far from the top-performing Ethereum-based DeFi apps like Compound in terms of the processed volume, it doesn’t mean that its impact on the network is marginal.

    Transaction costs on Ethereum don’t depend on the amount sent as much as they rely on the operation type. A mere transfer between two accounts costs relatively cheap even given the currently high Gas prices. On the other hand, interactions with smart-contracts require paying for computationally-intensive tasks, which involves paying more Gas than is consumed for transacting.

    A look at Forsage’s smart-contract shows that it only has two methods that a user can call: “buyNewLevel” and “registrationExt.” While the first method consumes around 150,000 Gas units like other DeFi smart contracts, the second consumes almost four times as much.

    Forsage uses a “registrationExt” contract to create new accounts for referrals. Hence, the more people the scheme attracts, the more computationally-intensive transactions will be processed on the network, contributing to further congestion.

    Culprit Behind Ethereum Congestion? Forsage Ponzi Scheme, Not DeFi
    Calls and references of “registrationExt” execution by the Forsage Ethereum smart-contract. Source: Bloxy

    Meanwhile, the interest in Forsage is on the rise, as evidenced by the increasing number of page visitors. The continuing influx of new users to the Forsage smart-contract spells trouble for ETH Gas prices down the road.

    Culprit Behind Ethereum Congestion? Forsage Ponzi Scheme, Not DeFi
    Total visits to the Forsage official page. Source: SimilarWeb

    How the Ponzi Impacts Ethereum

    Although there is a growing organic interest in DeFi products, data shows that they are not the primary moving force behind the jump of transaction costs on Ethereum.

    Forsage doesn’t create any benefits for the network, yet it consumes a significant chunk of its resources. This dynamic is not healthy. It hampers DeFi growth because legitimate platforms like 1Inch and Compound become prohibitively expensive for retail users with smaller cryptocurrency holdings.

    At a certain point in time, Forsage will come to an end, just like BitConnect. Until then, however, it will likely continue to clog Ethereum, hindering DeFi development.

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    Source: cryptobriefing.com

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