Crypto-Backed
Explore crypto-backed stablecoins: digital assets pegged to the value of other cryptocurrencies.
Top gainers this week
Top losers this week
$CRV has led the category 7 days running this week
Up 5 places this week, $sUSDD is gaining ground
$MIM climbed 3 places this week
Up 7 places this week, $AVAI is gaining ground
$MIM · 7 gem score this week
$CRV hit a gem score of 78 this week
35 tokens rose and 21 fell this week
$CRV +49 places this month
Token | Price | 1d % ▲▼ | 1w % ▲▼ | 1m % ▲▼ | Market Cap ▲▼ | Volume 24h ▲▼ | Score ▲▼ | Category | Holders ▲▼ | Entropy ▲▼ | Mc/Rev ▲▼ |
|---|---|---|---|---|---|---|---|---|---|---|---|
Curve DAO TokenCRV | $0.3366 | 0.6% | -11.5% | 25.9% | $815.77M | $725,132 | 75.39 | 100,825 | 0.367 | 123,865 | |
Dai StablecoinDAI | $0.9999 | -0.0% | -0.0% | -0.0% | $4.58B | $5.63M | 74.7 | DeFi+1 | 692,260 | 0.4458 | – |
Dai StablecoinDAI | $1 | -0.0% | 0.0% | 0.0% | $15.24M | $82,516 | 74.06 | 178,569 | 0.4463 | – | |
Dai StablecoinDAI | $1 | 0.0% | 0.0% | 0.2% | $1.77M | $179,396 | 73.27 | Bridged+1 | 439,821 | 0.3594 | – |
(PoS) Dai StablecoinDAI | $1 | -0.0% | 0.0% | 0.0% | $491.01M | $15.74M | 72.92 | 3.90M | 0.3392 | – | |
Dai StablecoinDAI.e | $1 | -0.0% | 0.0% | -0.2% | $10.68M | $21,555 | 69.12 | 42,739 | 0.3048 | – | |
USDeUSDe | $0.9998 | -0.0% | -0.0% | 0.0% | $4.60B | $29,559 | 67.1 | 35,387 | 0.2081 | – | |
Threshold thUSDT | $0.004379 | 2.3% | 0.8% | 29.8% | $48.11M | $24,393 | 66.63 | 9,798 | 0.3331 | 11,377 | |
EthenaENA | $0.1422 | 1.3% | -17.2% | 64.3% | $173,767 | $10,474 | 64.75 | 741 | 0.5975 | – | |
Gho TokenGHO | $0.9987 | -0.0% | -0.0% | 0.0% | $698.50M | $833,603 | 64.34 | Lending+1 | 7,930 | 0.1935 | – |
miMATICmiMATIC | $0.9779 | -0.2% | -0.3% | -0.9% | $11.58M | $1,044 | 63.23 | Lending+1 | 41,668 | 0.1323 | – |
Gho TokenGHO | $0.9987 | -0.0% | -0.0% | 0.0% | $698.59M | $2,652 | 63.23 | 10,770 | 0.2751 | – | |
Dola USD StablecoinDOLA | $0.9971 | 0.0% | -0.0% | 0.1% | $70.03M | $384,608 | 62.24 | 1,845 | 0.2874 | – | |
Staked USDaisUSDai | $1.112 | 0.0% | 0.1% | 0.8% | $469.82M | $87,220 | 61.8 | 2,978 | 0.2218 | – | |
LUSD StablecoinLUSD | $1.008 | 0.2% | 0.2% | 0.5% | $26.36M | $713.86 | 61.74 | 6,744 | 0.3206 | – | |
BOLD StablecoinBOLD | $0.9978 | -0.0% | -0.2% | -0.2% | $34.34M | $478,627 | 61.61 | 1,153 | 0.3235 | – | |
Alchemix USDalUSD | $0.9497 | 0.0% | -0.4% | 0.4% | $9.90M | $30,478 | 61.5 | 5,592 | 0.173 | – | |
AUSDAUSD | $0.9997 | -0.0% | -0.0% | 0.1% | $242.85M | $5.02M | 61.01 | 1,155 | 0.2885 | – | |
FraxFRAX | $0.9912 | 0.3% | -0.0% | 0.0% | $219.32M | $1,504 | 60.95 | 9,369 | 0.198 | – | |
Dai TokenDAI | $0.9999 | 0.0% | 0.0% | -0.4% | $31.10M | $162,308 | 60.63 | 195,927 | 0.5037 | – | |
Gho TokenGHO | $0.9987 | -0.0% | -0.0% | 0.0% | $698.36M | $7,550 | 57.45 | Lending+1 | 6,431 | 0.0161 | – |
Metronome Synth USDmsUSD | $0.704 | -0.2% | 42.4% | 1.6% | $36.46M | $43,327 | 57.19 | 1,537 | 0.2143 | – | |
Dai StablecoinDAI | $0.0003181 | 0.0% | -85.0% | -84.2% | $98.65M | $270,551 | 56.84 | USD+1 | 64,757 | 0.7578 | – |
Dai StablecoinDAI | $1 | -0.0% | 0.0% | 592,293.0% | $13.69M | $173,496 | 55.13 | USD+1 | 122,059 | 0.1548 | – |
Frax FPIFPIS | $0.09403 | 0.1% | -0.1% | 13.3% | $2.75M | $137.6 | 53.85 | 2,042 | 0.1123 | – |
Frequently asked questions
How has Crypto-Backed performed recently?
The Crypto-Backed stablecoin category has seen mixed activity, with 22 tokens showing upward momentum and 29 experiencing declines over the last seven days. CRV stands out as a strong climber, gaining 49 ranks in the past week and 45 ranks over the past month, also holding the longest streak at 6 days. ASF and AVAI have also climbed notably over the past 30 days, with ASF up 120% in score and AVAI up 133.9%. Conversely, FPIS and MIM are among the fallers over the last seven days, while DAI (on Arbitrum) and GHO Token have seen significant drops in rank over the past 30 days. Dai Stablecoin (on Polygon) and Dai Stablecoin (on Arbitrum) both exited the top K over the past 7 and 30 days respectively.
What are crypto-backed stablecoins?
Crypto-backed stablecoins are a type of stablecoin whose value is pegged to another cryptocurrency, often over-collateralized to maintain stability.
How do crypto-backed stablecoins maintain their peg?
They maintain their peg through over-collateralization with other cryptocurrencies, often managed by smart contracts that facilitate the minting and burning of tokens to maintain a stable value relative to their target asset.
What are the risks associated with crypto-backed stablecoins?
Risks include the volatility of the underlying collateral, smart contract vulnerabilities, and potential for liquidation if the collateral value drops significantly.
How do crypto-backed stablecoins differ from fiat-backed stablecoins?
Crypto-backed stablecoins are collateralized by other cryptocurrencies, whereas fiat-backed stablecoins are backed by traditional currencies held in reserves by financial institutions.