{
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 "updatedAt": "2026-10-24T18:26:02.092Z",
 "docs": "https://tokensonar.com/api.html",
 "license": {"name":"CC BY 4.0","url":"https://creativecommons.org/licenses/by/4.0/","attribution":"Data: TokenSonar (tokensonar.com)"},
 "scoringVersion": "v2-archetype",
 "count": 27,
 "coins": [
  {"id":"eth","ticker":"ETH","name":"Ethereum","role":"Tokenization Settlement Layer","rank":1,"score":90,"grade":"rich","archetype":"rail","archetypeScores":{"asset":92,"infrastructure":80,"rail":96},"etfStatus":"live","dataConfidence":"high","price":2324.13,"change24h":-3.388,"marketCap":283808890000,"rwaUSD":15990996000,"tvlUSD":null,"keyInstitutions":["BlackRock","JPMorgan Chase","Franklin Templeton","Goldman Sachs","HSBC","Fidelity Investments","Grayscale Investments","Ondo Finance","Circle Internet Financial","Visa"],"keyFacts":["Uniswap V4 Aggregator Hooks launched on Ethereum, Base, and Robinhood Chain.","Ethereum delayed Glamsterdam testnet fork due to critical gas security vulnerabilities.","Ether slid below $2,300 as US ETF outflows continued accelerating."],"links":{"page":"https://tokensonar.com/coin/eth","history":"https://tokensonar.com/data/v1/history/eth.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"btc","ticker":"BTC","name":"Bitcoin","role":"Digital Reserve Asset","rank":2,"score":88,"grade":"rich","archetype":"asset","archetypeScores":{"asset":90,"infrastructure":80,"rail":65},"etfStatus":"live","dataConfidence":"medium","price":80270.9,"change24h":-1.549,"marketCap":1613564400000,"rwaUSD":null,"tvlUSD":null,"keyInstitutions":["BlackRock IBIT","Fidelity FBTC","Morgan Stanley MSBT","Mubadala","Abu Dhabi Investment Council","Fidelity Investments","MicroStrategy","ARK Invest","VanEck","Invesco"],"keyFacts":["Switzerland approved first retail spot Bitcoin ETF targeting November launch.","Bitcoin slid below $81,500 amid broader tech stock selloff in Asia.","Spot Bitcoin ETF outflows accelerated as leveraged positions liquidated."],"links":{"page":"https://tokensonar.com/coin/btc","history":"https://tokensonar.com/data/v1/history/btc.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"xrp","ticker":"XRP","name":"XRP","role":"Cross-Border Settlement Asset","rank":3,"score":88,"grade":"rich","archetype":"rail","archetypeScores":{"asset":78,"infrastructure":80,"rail":88},"etfStatus":"live","dataConfidence":"high","price":1.2793,"change24h":-2.419,"marketCap":80798431000,"rwaUSD":5378633100,"tvlUSD":null,"keyInstitutions":["Franklin Templeton (XRPZ)","Bitwise Asset Management","21Shares (TOXR)","Canary Capital","SBI Holdings","Ripple Labs","Santander","Bank of America","Standard Chartered","American Express"],"keyFacts":["Franklin Templeton deposited $150M into XRP Ledger fund in single transaction.","Three Southeast Asian central banks expanded cross-border stablecoin settlement with Ripple.","Malaysia and Thailand joined Singapore's cross-border stablecoin settlement initiative."],"links":{"page":"https://tokensonar.com/coin/xrp","history":"https://tokensonar.com/data/v1/history/xrp.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"sol","ticker":"SOL","name":"Solana","role":"High-Throughput Settlement","rank":4,"score":74,"grade":"rich","archetype":"infrastructure","archetypeScores":{"asset":63,"infrastructure":80,"rail":76},"etfStatus":"live","dataConfidence":"high","price":100.674,"change24h":-3.417,"marketCap":59396698000,"rwaUSD":4994986200,"tvlUSD":null,"keyInstitutions":["BlackRock (via BUIDL)","JPMorgan","Franklin Templeton","Stripe","Visa","PayPal","Circle","VanEck","21Shares","Grayscale"],"keyFacts":["Solana's Alpenglow consensus went live, slashing transaction finality to 150 milliseconds.","JPMorgan launched tokenized funds on Solana for qualified institutional investors.","Solana staking surged to record 440.5M SOL as institutional participation accelerated."],"links":{"page":"https://tokensonar.com/coin/sol","history":"https://tokensonar.com/data/v1/history/sol.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"pol","ticker":"POL","name":"Polygon","role":"Institutional Payment Rail","rank":5,"score":74,"grade":"rich","archetype":"infrastructure","archetypeScores":{"asset":33,"infrastructure":80,"rail":51},"etfStatus":"none","dataConfidence":"high","price":0.1262,"change24h":0,"marketCap":null,"rwaUSD":2824906300,"tvlUSD":null,"keyInstitutions":["JPMorgan Onyx/Kinexys","Mastercard","Franklin Templeton","BlackRock","Stripe","Visa","Deutsche Bank","Reddit","Robinhood","SWIFT"],"keyFacts":["Polygon Labs completed Coinme acquisition, securing 37 state money transmitter licenses.","Polygon integrated TRON's $94 billion USDT supply enabling cross-chain transfers.","POL and OP underperformed Bitcoin and Ether over four-week window."],"links":{"page":"https://tokensonar.com/coin/pol","history":"https://tokensonar.com/data/v1/history/pol.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"link","ticker":"LINK","name":"Chainlink","role":"Cross-Chain Settlement Standard","rank":6,"score":74,"grade":"compact","archetype":"infrastructure","archetypeScores":{"asset":63,"infrastructure":80,"rail":59},"etfStatus":"live","dataConfidence":"low","price":11.4471,"change24h":-4.866,"marketCap":8783200500,"rwaUSD":null,"tvlUSD":null,"keyInstitutions":["SWIFT (11,000+ banks)","DTCC","Euroclear","UBS","Mastercard","ANZ Bank","BNY Mellon","Vodafone","Fidelity International","T. Rowe Price"],"keyFacts":["Chainlink enables SWIFT's 11,000+ member banks to access blockchain connections.","LG CNS partnered with Chainlink to power Korean won stablecoin infrastructure.","Chainlink and Cardano lead blockchain coalition pushing SEC for clearer regulations."],"links":{"page":"https://tokensonar.com/coin/link","history":"https://tokensonar.com/data/v1/history/link.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"xlm","ticker":"XLM","name":"Stellar","role":"Fund Tokenization Rail","rank":7,"score":73,"grade":"compact","archetype":"infrastructure","archetypeScores":{"asset":45,"infrastructure":79,"rail":64},"etfStatus":"filed","dataConfidence":"medium","price":0.1698,"change24h":-3.815,"marketCap":5985879300,"rwaUSD":3831606400,"tvlUSD":null,"keyInstitutions":["DTCC","Société Générale","Bermuda Government","Franklin Templeton","Visa","PayPal (PYUSD)","WisdomTree","U.S. Bank","Circle (USDC)","MoneyGram"],"keyFacts":["DTCC plans Stellar integration for 25-security tokenization rollout launching 2027.","Circle issues USDC natively on Stellar across 6+ million active accounts.","XLM received unique institutional-grade asset classification alongside XRP."],"links":{"page":"https://tokensonar.com/coin/xlm","history":"https://tokensonar.com/data/v1/history/xlm.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"canton","ticker":"CANTON","name":"Canton Network","role":"Permissioned Institutional Chain","rank":8,"score":68,"grade":"compact","archetype":"infrastructure","archetypeScores":{"asset":45,"infrastructure":70,"rail":45},"etfStatus":"live","dataConfidence":"medium","price":null,"change24h":null,"marketCap":null,"rwaUSD":null,"tvlUSD":null,"keyInstitutions":["Goldman Sachs","BNY Mellon","BNP Paribas","Société Générale","DTCC","JPMorgan Chase","Deutsche Börse","Cboe Global Markets","Moody's","Microsoft"],"keyFacts":["DTCC launched 25-security tokenization rollout on Canton with DTC-backed 1:1 tokens.","Goldman Sachs, BNY Mellon, BNP Paribas operate nodes on Canton mainnet.","Stellar and Circle Arc integration planned for Canton tokenization rollout in 2027."],"links":{"page":"https://tokensonar.com/coin/canton","history":"https://tokensonar.com/data/v1/history/canton.json","prediction":null}},
  {"id":"avax","ticker":"AVAX","name":"Avalanche","role":"Subnet-Based Tokenization","rank":9,"score":65,"grade":"compact","archetype":"infrastructure","archetypeScores":{"asset":49,"infrastructure":71,"rail":66},"etfStatus":"live","dataConfidence":"medium","price":8.8526,"change24h":-3.297,"marketCap":3930847100,"rwaUSD":1589004100,"tvlUSD":null,"keyInstitutions":["BlackRock (BUIDL)","JPMorgan Onyx","VanEck (ETF filer)","Citigroup","WisdomTree","Franklin Templeton","Deloitte","Amazon Web Services","T. Rowe Price","Securitize"],"keyFacts":["Blockchain.com launched AVAX options trading with weekly expiries.","Franklin Templeton expanded BENJI tokenized money market fund to Avalanche network.","Samsung SDS building tokenization platform on Avalanche for Korea's 2027 launch."],"links":{"page":"https://tokensonar.com/coin/avax","history":"https://tokensonar.com/data/v1/history/avax.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"ondo","ticker":"ONDO","name":"Ondo Finance","role":"Tokenized Treasury Platform","rank":10,"score":63,"grade":"compact","archetype":"infrastructure","archetypeScores":{"asset":37,"infrastructure":69,"rail":37},"etfStatus":"filed","dataConfidence":"medium","price":0.4034,"change24h":-6.343,"marketCap":1965783400,"rwaUSD":null,"tvlUSD":3525876000,"keyInstitutions":["BlackRock (via BUIDL)","JPMorgan","Mastercard","State Street","Galaxy Asset Management","Franklin Templeton","Wellington Management","Coinbase","Morgan Stanley","Mantle (by BitDAO)"],"keyFacts":["Ondo launched 3x OpenAI pre-IPO perpetual contract with independent pricing and hourly funding.","Ondo's USDY stablecoin surpassed $500 million in total value by 2025.","Tokenized equities market reached $3.8 billion with Ondo among leading issuers."],"links":{"page":"https://tokensonar.com/coin/ondo","history":"https://tokensonar.com/data/v1/history/ondo.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"apt","ticker":"APT","name":"Aptos","role":"Institutional-Grade Layer-1","rank":11,"score":62,"grade":"compact","archetype":"infrastructure","archetypeScores":{"asset":39,"infrastructure":68,"rail":54},"etfStatus":"filed","dataConfidence":"medium","price":0.7068,"change24h":-7.207,"marketCap":624440830,"rwaUSD":769532500,"tvlUSD":null,"keyInstitutions":["BlackRock (BUIDL)","Franklin Templeton (BENJI)","Wyoming Stable Token Commission","Aptos Foundation","Bitwise","Microsoft","Google Cloud","Grayscale","Coinbase","Binance"],"keyFacts":["Franklin Templeton expanded BENJI tokenized money market fund to Aptos.","Aptos token rallied 51% in one month outperforming Bitcoin and Ethereum.","Aptos deployed encrypted mempool feature to combat frontrunning attacks."],"links":{"page":"https://tokensonar.com/coin/apt","history":"https://tokensonar.com/data/v1/history/apt.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"qnt","ticker":"QNT","name":"Quant","role":"Bank Interoperability Layer","rank":12,"score":62,"grade":"compact","archetype":"infrastructure","archetypeScores":{"asset":24,"infrastructure":68,"rail":24},"etfStatus":"none","dataConfidence":"low","price":177.046,"change24h":-3.255,"marketCap":2576504800,"rwaUSD":null,"tvlUSD":null,"keyInstitutions":["HSBC","Barclays","Lloyds Banking Group","Bank of England","SIA (Nexi)","Bank for International Settlements (BIS)","Oracle","Amazon Web Services (AWS)","Nvidia","SIA (Nexi Group)"],"keyFacts":["Quant's Overledger referenced in Bank of England's RTGS renewal programme.","Quant Network signed partnership with Oracle in 2021 for managed service.","Quant surged 39% as altcoin season reached three-month high in recent session."],"links":{"page":"https://tokensonar.com/coin/qnt","history":"https://tokensonar.com/data/v1/history/qnt.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"sui","ticker":"SUI","name":"Sui","role":"Move-Based Layer-1","rank":13,"score":60,"grade":"compact","archetype":"infrastructure","archetypeScores":{"asset":44,"infrastructure":66,"rail":51},"etfStatus":"live","dataConfidence":"medium","price":0.9277,"change24h":-6.282,"marketCap":3824169800,"rwaUSD":20449081,"tvlUSD":null,"keyInstitutions":["Canary Capital (ETF filer)","Ondo Finance (USDY on Sui)","CME Group","Circle","Grayscale","Franklin Templeton","Mastercard","Visa","Google Cloud","Alibaba Cloud"],"keyFacts":["a16z-backed DATA retired proprietary blockchain, committed to Sui with $30 million investment.","Circle launched native USDC on Sui in May 2024 for institutional-grade stablecoin settlement.","Grayscale filed for a Sui Trust product with the SEC in early 2025."],"links":{"page":"https://tokensonar.com/coin/sui","history":"https://tokensonar.com/data/v1/history/sui.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"hbar","ticker":"HBAR","name":"Hedera","role":"Enterprise Trust Layer","rank":14,"score":54,"grade":"compact","archetype":"rail","archetypeScores":{"asset":44,"infrastructure":57,"rail":59},"etfStatus":"live","dataConfidence":"high","price":0.0769,"change24h":-2.392,"marketCap":3408897900,"rwaUSD":165536450,"tvlUSD":null,"keyInstitutions":["Google","IBM","Lloyds Banking Group","Canary Capital","RiskStream (top 10 US insurers)","The Hashgraph Association","Boeing","LG Electronics","Deutsche Telekom","Shinshinki Bank"],"keyFacts":["Google Cloud joined Hedera Governing Council and operates mainnet node.","Hedera announced Scaffold-HBAR bounty winners for multisig governance and DeFi.","Hedera launched Agent Accounts enabling AI agents with programmable spending controls."],"links":{"page":"https://tokensonar.com/coin/hbar","history":"https://tokensonar.com/data/v1/history/hbar.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"algo","ticker":"ALGO","name":"Algorand","role":"Sovereign Asset Tokenization","rank":15,"score":53,"grade":"compact","archetype":"infrastructure","archetypeScores":{"asset":22,"infrastructure":59,"rail":31},"etfStatus":"none","dataConfidence":"medium","price":0.1033,"change24h":-4.535,"marketCap":937630460,"rwaUSD":48608850,"tvlUSD":null,"keyInstitutions":["Republic of Italy","Marshall Islands (Republic of Marshall Islands)","ISDA","Koibanx","Algorand Foundation","Circle (USDC issuer)","Italy (Borsa Italiana / Euronext)","FIFA","South Africa Reserve Bank (Project Khokha)","MoneyGram"],"keyFacts":["Marshall Islands selected Algorand as blockchain infrastructure for national digital currency.","Circle issued USDC natively on Algorand as early non-Ethereum chain supporter.","FIFA built FIFA+ Collect NFT platform on Algorand for World Cup collectibles."],"links":{"page":"https://tokensonar.com/coin/algo","history":"https://tokensonar.com/data/v1/history/algo.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"ltc","ticker":"LTC","name":"Litecoin","role":"Bitcoin-Compatible Payment Asset","rank":16,"score":52,"grade":"table","archetype":"infrastructure","archetypeScores":{"asset":27,"infrastructure":57,"rail":39},"etfStatus":"live","dataConfidence":"medium","price":56.2132,"change24h":-4.534,"marketCap":4370293300,"rwaUSD":null,"tvlUSD":null,"keyInstitutions":["Canary Capital","Coinbase","Various ETF issuers","Grayscale Investments","PayPal","MoneyGram","Bitwise Asset Management","CoinShares","21Shares","VanEck"],"keyFacts":["Canary Capital filed spot Litecoin ETF with US SEC in October 2024.","Grayscale Litecoin Trust held thousands of LTC for institutional investors since 2018.","CoinShares and 21Shares list physically-backed Litecoin ETPs on European exchanges."],"links":{"page":"https://tokensonar.com/coin/ltc","history":"https://tokensonar.com/data/v1/history/ltc.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"xdc","ticker":"XDC","name":"XDC Network","role":"Enterprise Trade Finance Rail","rank":17,"score":49,"grade":"table","archetype":"infrastructure","archetypeScores":{"asset":20,"infrastructure":55,"rail":30},"etfStatus":"none","dataConfidence":"medium","price":0.0326,"change24h":-5.781,"marketCap":650138490,"rwaUSD":72377039,"tvlUSD":null,"keyInstitutions":["LIQI","Utila (custody)","Plug and Play","Plume","Clearpool","TradeFinex (XinFin founding entity)","Tradeteq","Symbiotics","HKMA (Hong Kong Monetary Authority)","Monetary Authority of Singapore (MAS)"],"keyFacts":["XDC Network was purpose-built for trade finance and cross-border settlements, targeting the $9 trillion global trade finance gap.","TradeFinex, built on XDC, has facilitated tokenized trade finance instruments for SMEs across multiple jurisdictions.","XDC Network processes transactions with ~2-second finality and fees under $0.0001, making it one of the lower-cost enterprise blockchains.","Globiance, a licensed payment institution, issued a stablecoin (XUSD) on XDC Network for cross-border payment use cases."],"links":{"page":"https://tokensonar.com/coin/xdc","history":"https://tokensonar.com/data/v1/history/xdc.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"hype","ticker":"HYPE","name":"Hyperliquid","role":"On-Chain Derivatives Venue","rank":18,"score":47,"grade":"table","archetype":"infrastructure","archetypeScores":{"asset":44,"infrastructure":52,"rail":41},"etfStatus":"live","dataConfidence":"high","price":75.7521,"change24h":-3.111,"marketCap":16858776000,"rwaUSD":null,"tvlUSD":null,"keyInstitutions":["Coinbase","Circle","Paradigm","Ripple Prime","Komainu","Bitwise Asset Management","Canary Capital","Multicoin Capital","Dragonfly Capital","Alameda Research (historical)"],"keyFacts":["S&P 500 index options generated $640M trading volume on Hyperliquid since June.","Lighter expanded perpetual futures collateral options with weETH support on Hyperliquid.","Bitwise and Hyperliquid petitioned SEC for rule changes on token trading."],"links":{"page":"https://tokensonar.com/coin/hype","history":"https://tokensonar.com/data/v1/history/hype.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"doge","ticker":"DOGE","name":"Dogecoin","role":"Memecoin with Regulated Wrapper","rank":19,"score":46,"grade":"table","archetype":"infrastructure","archetypeScores":{"asset":25,"infrastructure":52,"rail":37},"etfStatus":"live","dataConfidence":"medium","price":0.0766,"change24h":-3.87,"marketCap":11986454000,"rwaUSD":null,"tvlUSD":null,"keyInstitutions":["Bitwise Asset Management","Various ETF issuers","Grayscale Investments","21Shares","Robinhood","PayPal","Coinbase","Kraken","eToro","WisdomTree"],"keyFacts":["Dogecoin Foundation launched Labs initiative uniting MyDoge, DogeOS and Such App.","Bitwise filed spot Dogecoin ETF application with SEC in January 2025.","Grayscale filed to convert Dogecoin Trust into spot ETF in January 2025."],"links":{"page":"https://tokensonar.com/coin/doge","history":"https://tokensonar.com/data/v1/history/doge.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"dot","ticker":"DOT","name":"Polkadot","role":"Multi-Chain Coordination","rank":20,"score":39,"grade":"table","archetype":"infrastructure","archetypeScores":{"asset":33,"infrastructure":45,"rail":33},"etfStatus":"live","dataConfidence":"low","price":1.0381,"change24h":-7.814,"marketCap":1775545900,"rwaUSD":null,"tvlUSD":null,"keyInstitutions":["21Shares (ETF filer)","Web3 Foundation","Parity Technologies","Accenture","Deutsche Telekom (T-Systems)","Deloitte","Grayscale","Galaxy Digital","Ledger","Bitwise Asset Management"],"keyFacts":["Polkadot Foundation warned Fearless Wallet users to move funds after private-key breach affecting 6,000 users.","Polkadot launched USDT-backed dotUSD stablecoin under OpenGov governance.","Deutsche Telekom's T-Systems operates Polkadot validator node since 2023."],"links":{"page":"https://tokensonar.com/coin/dot","history":"https://tokensonar.com/data/v1/history/dot.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"trx","ticker":"TRX","name":"TRON","role":"Stablecoin Settlement Infrastructure","rank":21,"score":38,"grade":"table","archetype":"infrastructure","archetypeScores":{"asset":31,"infrastructure":44,"rail":31},"etfStatus":"live","dataConfidence":"medium","price":0.3292,"change24h":-0.09014,"marketCap":31282543000,"rwaUSD":null,"tvlUSD":null,"keyInstitutions":["Tether ($85B USDT)","Anchorage Digital","Moscow Exchange","T3 Financial Crime Unit","TRM Labs","Circle (USDC issuer)","MoneyGram","HTX (Huobi)","BitTorrent","Wintermute"],"keyFacts":["Tether's USDT on TRON exceeded $60 billion, representing 40% of total USDT.","TRON launched $200 million ATM offering to fund TRX acquisitions via capital markets.","Blockchain.com launched TRX options trading with weekly expiries."],"links":{"page":"https://tokensonar.com/coin/trx","history":"https://tokensonar.com/data/v1/history/trx.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"inj","ticker":"INJ","name":"Injective","role":"Derivatives & RWA Trading","rank":22,"score":37,"grade":"table","archetype":"infrastructure","archetypeScores":{"asset":30,"infrastructure":43,"rail":30},"etfStatus":"filed","dataConfidence":"medium","price":7.5245,"change24h":-4.807,"marketCap":754571450,"rwaUSD":null,"tvlUSD":11807776,"keyInstitutions":["BlackRock (BUIDL collateral)","Brevan Howard","Deutsche Bank","Jump Crypto","Pantera Capital","Mark Cuban Companies","Coinbase Ventures","Binance Labs","Deutsche Telekom MMS","Delphi Digital"],"keyFacts":["Injective partnered with BDACS to launch Korean won stablecoin in RWA ecosystem.","Injective activated fixed gas costs for exchange transactions ensuring predictable fees.","21Shares proposed INJ fund with direct token holdings and staking capabilities."],"links":{"page":"https://tokensonar.com/coin/inj","history":"https://tokensonar.com/data/v1/history/inj.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"mkr","ticker":"MKR","name":"MakerDAO (Sky)","role":"RWA-Collateralized Stablecoin","rank":23,"score":37,"grade":"table","archetype":"infrastructure","archetypeScores":{"asset":13,"infrastructure":43,"rail":13},"etfStatus":"none","dataConfidence":"medium","price":1579.48,"change24h":-5.217,"marketCap":null,"rwaUSD":null,"tvlUSD":5561268800,"keyInstitutions":["Various RWA partners","Institutional DAI users","BlackRock","Centrifuge","Monetalis Clydesdale","Coinbase","BlockTower Credit","Huntingdon Valley Bank","Société Générale – Forge","Spark Protocol (Phoenix Labs)"],"keyFacts":["BlackRock's BUIDL fund (tokenized US Treasury fund) was approved as collateral for DAI/USDS via MakerDAO governance in 2024, linking a $500M+ fund to the protocol.","Societe Generale's SG-Forge borrowed DAI against tokenized covered bond OFH tokens on MakerDAO, with a vault approved in 2022 for up to 100M DAI.","Huntingdon Valley Bank became the first US federally chartered bank to establish a credit facility with a DeFi protocol, receiving a 100M DAI credit line from MakerDAO in 2022.","MakerDAO's Real World Asset (RWA) collateral portfolio exceeded $2.5 billion by mid-2024, representing the largest institutional RWA footprint of any DeFi lending protocol."],"links":{"page":"https://tokensonar.com/coin/mkr","history":"https://tokensonar.com/data/v1/history/mkr.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"ada","ticker":"ADA","name":"Cardano","role":"Academic Layer-1","rank":24,"score":36,"grade":"table","archetype":"infrastructure","archetypeScores":{"asset":14,"infrastructure":42,"rail":13},"etfStatus":"none","dataConfidence":"low","price":0.2051,"change24h":-5.055,"marketCap":7707893900,"rwaUSD":null,"tvlUSD":null,"keyInstitutions":["VanEck (ETF filer)","Hashdex (ETF filer)","Grayscale Digital Large Cap Fund","Ethiopian Ministry of Education","World Mobile Group","Georgian Ministry of Education","Bondly Finance","Dish Network","Input Output Global (IOHK)","Emurgo"],"keyFacts":["Cardano treasury received $5M tokenized copper investment proposal requiring governance vote.","Ethiopia's Ministry of Education deployed student credentials on Cardano covering 5M+ students.","World Mobile partnered with Cardano for blockchain digital identity across East Africa."],"links":{"page":"https://tokensonar.com/coin/ada","history":"https://tokensonar.com/data/v1/history/ada.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"ustb","ticker":"USTB","name":"Invesco USTB","role":"Institutional USD stablecoin","rank":25,"score":36,"grade":"table","archetype":"infrastructure","archetypeScores":{"asset":12,"infrastructure":41,"rail":12},"etfStatus":"none","dataConfidence":"medium","price":null,"change24h":null,"marketCap":null,"rwaUSD":null,"tvlUSD":null,"keyInstitutions":["Invesco","Solium Capital","Galaxy Digital","OpenEden","Superstate","WisdomTree","Securitize","Elixir","Upshift Finance"],"keyFacts":["Invesco USTB provides on-chain exposure to short-duration U.S. government securities.","USTB competes with BlackRock BUIDL and Franklin Templeton BENJI in treasury space.","France passed stablecoin swap tax regulation effective 2027."],"links":{"page":"https://tokensonar.com/coin/ustb","history":"https://tokensonar.com/data/v1/history/ustb.json","prediction":null}},
  {"id":"plume","ticker":"PLUME","name":"Plume","role":"RWA-Specialized Chain","rank":26,"score":36,"grade":"table","archetype":"infrastructure","archetypeScores":{"asset":14,"infrastructure":42,"rail":26},"etfStatus":"none","dataConfidence":"medium","price":0.0156,"change24h":-7.414,"marketCap":106354050,"rwaUSD":185380960,"tvlUSD":null,"keyInstitutions":["Centrifuge","Apollo","Various RWA issuers","Blackrock (via BUIDL integration discussions)","Ondo Finance","RWA.xyz","Superstate","Goldfinch","Credbull","Paxos"],"keyFacts":["Plume raised $20 million Series A led by Haun Ventures in September 2024.","Plume mainnet launched with over 180 RWA protocols integrated or committed.","Plume launched tokenized bond vault backed by Fidelity ETF."],"links":{"page":"https://tokensonar.com/coin/plume","history":"https://tokensonar.com/data/v1/history/plume.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}},
  {"id":"pendle","ticker":"PENDLE","name":"Pendle","role":"Yield Tokenization","rank":27,"score":24,"grade":"table","archetype":"infrastructure","archetypeScores":{"asset":8,"infrastructure":30,"rail":8},"etfStatus":"none","dataConfidence":"medium","price":1.9664,"change24h":-8.58,"marketCap":341812740,"rwaUSD":null,"tvlUSD":1066050000,"keyInstitutions":["Ondo Finance (USDY)","Various RWA protocols","DeFi institutional desks","Aave","Sky (MakerDAO)","Ethena Labs","BlackRock (via BUIDL yield markets)","Napier Finance","Equilibria Finance","Spectra Finance"],"keyFacts":["Pendle yield protocol hit $159M daily trading volume with Ethereum dominating.","Pendle TVL surpassed $6 billion in 2024 driven by Ethena's sUSDe markets.","Pendle expands one-click yield looping to tokenized stocks and assets."],"links":{"page":"https://tokensonar.com/coin/pendle","history":"https://tokensonar.com/data/v1/history/pendle.json","prediction":"https://tokensonar.com/data/v1/predictions.json"}}
 ]
}