{
  "source": "TokenSonar",
  "sourceUrl": "https://tokensonar.com",
  "description": "Institutional blockchain adoption scores. Each cryptocurrency is scored 0-100 based on ETF AUM, named institutional partnerships, on-chain RWA value, regulatory licenses, and news velocity. Updated twice daily.",
  "citation": "Data from TokenSonar (https://tokensonar.com), institutional blockchain adoption intelligence.",
  "updated": "2026-07-14T06:39:38.498Z",
  "methodology": "https://tokensonar.com/methodology.html",
  "coins": [
    {
      "rank": 1,
      "ticker": "ETH",
      "name": "Ethereum",
      "institutionalScore": 91,
      "archetype": "rail",
      "etfStatus": "live",
      "namedInstitutions": 10,
      "dataConfidence": "high"
    },
    {
      "rank": 2,
      "ticker": "BTC",
      "name": "Bitcoin",
      "institutionalScore": 88,
      "archetype": "asset",
      "etfStatus": "live",
      "namedInstitutions": 10,
      "dataConfidence": "medium"
    },
    {
      "rank": 3,
      "ticker": "XRP",
      "name": "XRP",
      "institutionalScore": 80,
      "archetype": "rail",
      "etfStatus": "live",
      "namedInstitutions": 10,
      "dataConfidence": "high"
    },
    {
      "rank": 4,
      "ticker": "SOL",
      "name": "Solana",
      "institutionalScore": 75,
      "archetype": "rail",
      "etfStatus": "live",
      "namedInstitutions": 10,
      "dataConfidence": "high"
    },
    {
      "rank": 5,
      "ticker": "POL",
      "name": "Polygon",
      "institutionalScore": 74,
      "archetype": "infrastructure",
      "etfStatus": "none",
      "namedInstitutions": 10,
      "dataConfidence": "high"
    },
    {
      "rank": 6,
      "ticker": "XLM",
      "name": "Stellar",
      "institutionalScore": 72,
      "archetype": "infrastructure",
      "etfStatus": "filed",
      "namedInstitutions": 10,
      "dataConfidence": "medium"
    },
    {
      "rank": 7,
      "ticker": "AVAX",
      "name": "Avalanche",
      "institutionalScore": 72,
      "archetype": "infrastructure",
      "etfStatus": "filed",
      "namedInstitutions": 10,
      "dataConfidence": "medium"
    },
    {
      "rank": 8,
      "ticker": "LINK",
      "name": "Chainlink",
      "institutionalScore": 66,
      "archetype": "infrastructure",
      "etfStatus": "none",
      "namedInstitutions": 10,
      "dataConfidence": "medium"
    },
    {
      "rank": 9,
      "ticker": "HBAR",
      "name": "Hedera",
      "institutionalScore": 65,
      "archetype": "rail",
      "etfStatus": "live",
      "namedInstitutions": 10,
      "dataConfidence": "high"
    },
    {
      "rank": 10,
      "ticker": "CANTON",
      "name": "Canton Network",
      "institutionalScore": 64,
      "archetype": "infrastructure",
      "etfStatus": "filed",
      "namedInstitutions": 10,
      "dataConfidence": "low"
    },
    {
      "rank": 11,
      "ticker": "ONDO",
      "name": "Ondo Finance",
      "institutionalScore": 63,
      "archetype": "infrastructure",
      "etfStatus": "filed",
      "namedInstitutions": 10,
      "dataConfidence": "medium"
    },
    {
      "rank": 12,
      "ticker": "APT",
      "name": "Aptos",
      "institutionalScore": 62,
      "archetype": "infrastructure",
      "etfStatus": "filed",
      "namedInstitutions": 10,
      "dataConfidence": "medium"
    },
    {
      "rank": 13,
      "ticker": "SUI",
      "name": "Sui",
      "institutionalScore": 60,
      "archetype": "infrastructure",
      "etfStatus": "filed",
      "namedInstitutions": 10,
      "dataConfidence": "medium"
    },
    {
      "rank": 14,
      "ticker": "LTC",
      "name": "Litecoin",
      "institutionalScore": 54,
      "archetype": "infrastructure",
      "etfStatus": "live",
      "namedInstitutions": 10,
      "dataConfidence": "high"
    },
    {
      "rank": 15,
      "ticker": "ALGO",
      "name": "Algorand",
      "institutionalScore": 53,
      "archetype": "infrastructure",
      "etfStatus": "none",
      "namedInstitutions": 10,
      "dataConfidence": "medium"
    },
    {
      "rank": 16,
      "ticker": "QNT",
      "name": "Quant",
      "institutionalScore": 52,
      "archetype": "infrastructure",
      "etfStatus": "none",
      "namedInstitutions": 10,
      "dataConfidence": "low"
    },
    {
      "rank": 17,
      "ticker": "HYPE",
      "name": "Hyperliquid",
      "institutionalScore": 52,
      "archetype": "infrastructure",
      "etfStatus": "filed",
      "namedInstitutions": 10,
      "dataConfidence": "medium"
    },
    {
      "rank": 18,
      "ticker": "XDC",
      "name": "XDC Network",
      "institutionalScore": 49,
      "archetype": "infrastructure",
      "etfStatus": "none",
      "namedInstitutions": 10,
      "dataConfidence": "medium"
    },
    {
      "rank": 19,
      "ticker": "DOGE",
      "name": "Dogecoin",
      "institutionalScore": 47,
      "archetype": "infrastructure",
      "etfStatus": "live",
      "namedInstitutions": 10,
      "dataConfidence": "medium"
    },
    {
      "rank": 20,
      "ticker": "MKR",
      "name": "MakerDAO (Sky)",
      "institutionalScore": 44,
      "archetype": "infrastructure",
      "etfStatus": "none",
      "namedInstitutions": 10,
      "dataConfidence": "high"
    },
    {
      "rank": 21,
      "ticker": "DOT",
      "name": "Polkadot",
      "institutionalScore": 39,
      "archetype": "infrastructure",
      "etfStatus": "filed",
      "namedInstitutions": 10,
      "dataConfidence": "low"
    },
    {
      "rank": 22,
      "ticker": "TRX",
      "name": "TRON",
      "institutionalScore": 38,
      "archetype": "infrastructure",
      "etfStatus": "filed",
      "namedInstitutions": 10,
      "dataConfidence": "medium"
    },
    {
      "rank": 23,
      "ticker": "INJ",
      "name": "Injective",
      "institutionalScore": 36,
      "archetype": "infrastructure",
      "etfStatus": "none",
      "namedInstitutions": 10,
      "dataConfidence": "medium"
    },
    {
      "rank": 24,
      "ticker": "PLUME",
      "name": "Plume",
      "institutionalScore": 36,
      "archetype": "infrastructure",
      "etfStatus": "none",
      "namedInstitutions": 10,
      "dataConfidence": "medium"
    },
    {
      "rank": 25,
      "ticker": "ADA",
      "name": "Cardano",
      "institutionalScore": 34,
      "archetype": "infrastructure",
      "etfStatus": "filed",
      "namedInstitutions": 10,
      "dataConfidence": "low"
    },
    {
      "rank": 26,
      "ticker": "PENDLE",
      "name": "Pendle",
      "institutionalScore": 24,
      "archetype": "infrastructure",
      "etfStatus": "none",
      "namedInstitutions": 10,
      "dataConfidence": "medium"
    },
    {
      "rank": 27,
      "ticker": "USTB",
      "name": "Invesco USTB",
      "institutionalScore": 19,
      "archetype": "infrastructure",
      "etfStatus": "none",
      "namedInstitutions": 4,
      "dataConfidence": "low"
    }
  ]
}