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
$MIM +13 places this week
$HOPE +8 places this week
$DAI climbed into the category leaders this week
Weakest this week: $MIM bottomed out at a 14 gem score
$CRV hit a gem score of 77 this week
44 tokens rose and 10 fell this week
$DAI hit a gem score of 78 this month
Token | Price | 1d % ▲▼ | 1w % ▲▼ | 1m % ▲▼ | Market Cap ▲▼ | Volume 24h ▲▼ | Score ▲▼ | Category | Holders ▲▼ | Holder Distribution ▲▼ | Mc/Rev ▲▼ |
|---|---|---|---|---|---|---|---|---|---|---|---|
Curve DAO TokenCRV | $0.3262 | -3.3% | -10.3% | -14.4% | $792.00M | $1.19M | 76.82 | 103,463 | 0.3682 | 40,193 | |
Dai TokenDAI | $1 | 0.0% | -0.0% | -0.0% | $31.10M | $112,767 | 76.06 | 199,355 | 0.4823 | – | |
Dai StablecoinDAI | $0.9998 | -0.0% | -0.0% | -0.0% | $4.51B | $55.33M | 75.57 | DeFi+1 | 708,068 | 0.4518 | – |
Dai StablecoinDAI | $0.001216 | -0.7% | -48.6% | -40.2% | $55.06M | $271,721 | 75.19 | USD+1 | 65,342 | 0.7578 | – |
EthenaENA | $0.2058 | -1.8% | 3.8% | -17.1% | $992,623 | $435,632 | 74.99 | 2,851 | 0.5957 | – | |
Dai StablecoinDAI | $0.9996 | -0.0% | -0.0% | -0.0% | $17.05M | $199,922 | 74.91 | 169,094 | 0.4113 | – | |
(PoS) Dai StablecoinDAI | $0.9996 | -0.0% | -0.0% | -0.0% | $444.64M | $9.87M | 73.9 | 3.86M | 0.3513 | – | |
Dai StablecoinDAI | $0.9996 | -0.0% | -0.0% | -0.0% | $1.95M | $43,663 | 73.64 | Bridged+1 | 438,579 | 0.3586 | – |
Threshold Network TokenT | $0.004817 | 1.7% | 2.1% | -11.1% | $53.70M | $114,715 | 70.49 | 9,991 | 0.3338 | 1.12M | |
Dai StablecoinDAI.e | $0.9996 | -0.0% | -0.0% | -0.0% | $9.29M | $7,015 | 69.94 | 42,612 | 0.3119 | – | |
USDeUSDe | $0.9993 | -0.0% | 0.0% | -0.0% | $4.54B | $18,582 | 69.82 | 35,222 | 0.286 | – | |
FraxFRAX | $0.9912 | -0.1% | 0.0% | -0.1% | $219.31M | $6,203 | 66.32 | DeFi+1 | 17,559 | 0.2497 | – |
LUSD StablecoinLUSD | $1 | -0.3% | -0.4% | -0.1% | $25.49M | $5,000 | 65.88 | 6,756 | 0.3807 | – | |
miMATICmiMATIC | $0.9936 | -0.0% | -0.1% | -0.1% | $11.79M | $2,856 | 65.63 | Lending+1 | 41,408 | 0.1323 | – |
Gho TokenGHO | $0.9983 | 0.0% | 0.0% | -0.1% | $697.79M | $4,747 | 65.46 | 10,884 | 0.2851 | – | |
Gho TokenGHO | $0.9983 | 0.0% | 0.0% | -0.1% | $698.35M | $2.68M | 65.31 | Lending+1 | 8,099 | 0.1935 | – |
Staked USDaisUSDai | $1.116 | -0.0% | 0.1% | 0.0% | $436.88M | $157,045 | 64.99 | 3,723 | 0.2817 | – | |
Curve.Fi USD StablecoincrvUSD | $0.9987 | -0.0% | -0.0% | -0.1% | $189.85M | $85,461 | 64.92 | 1,956 | 0.381 | – | |
Alchemix USDalUSD | $0.9669 | 0.6% | 1.6% | 1.6% | $10.38M | $114,209 | 64.77 | 5,631 | 0.2094 | – | |
FraxFRAX | $0.9912 | -0.1% | 0.0% | -0.1% | $219.31M | $4,518 | 63.47 | 9,316 | 0.204 | – | |
Dola USD StablecoinDOLA | $0.9969 | -0.0% | 0.0% | -0.1% | $74.78M | $1.16M | 63.19 | 2,022 | 0.2774 | – | |
AUSDAUSD | $0.9988 | 0.0% | -0.0% | -0.1% | $172.95M | $2.32M | 62.88 | 1,577 | 0.2973 | – | |
BOLD StablecoinBOLD | $0.994 | -0.0% | -0.1% | -0.2% | $39.30M | $1.93M | 62.43 | 1,256 | 0.3082 | – | |
USDL StablecoinUSDL | $0.7702 | -23.2% | -61.2% | -23.1% | $997,230 | $46,143 | 62.4 | Lending+1 | 5,605 | 0.6115 | – |
Metronome Synth USDmsUSD | $0.8755 | -0.6% | 1.1% | -1.2% | $45.25M | $59,182 | 61.78 | 2,736 | 0.2043 | – |
Frequently asked questions
How has Crypto-Backed performed recently?
The Crypto-Backed category shows mixed activity across both timeframes. Over seven days, there were 36 tokens up and 19 down, while over thirty days, 47 tokens were up and 8 down, indicating a generally positive trend. Curve LlamaLend V2 (CRV) stands out, leading in streaks for both the seven-day (7 days) and thirty-day (10 days) periods. Magic Internet Money (MIM) on chain 0xa experienced significant climbs over both seven-day (225.0% score increase) and thirty-day (191.6% score increase) periods, making it a top performer. Dai Stablecoin (DAI) on chain 0x1 entered the top-k in both windows, suggesting renewed interest, while Dai Stablecoin (DAI) on chain 0x171 exited the top-k in both windows. Magic Internet Money (MIM) on chain 0x1 and AVAI on chain 0xa were among the notable fallers across both seven-day and thirty-day windows.
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.