Every choice this site makes about what to count is arguable, so the arguments are written down rather than left implied by a table.
A new filter on the ranking separates coins whose supply started at zero from coins that shipped with an initial allocation. No premine, premine, or presale — and a sale counts whatever it was called.
Crypto means hidden. The Bitcoin whitepaper was a solution to one problem: money on the internet without a bank in the middle. Everything the site's counting rule accepts or refuses is a corollary of those two facts — the four properties an asset must carry to be counted, and the categories the market calls "crypto" that carry none of them.
Nine signals, weights that sum to 100, reserves checked on chain, and a reliability ratio that measures claimed liquidity against the venue's own traffic. Every number behind the CEX score, stated.
Roughly $300B of dollar-pegged tokens now circulate on crypto rails. Two issuers hold ~88%. Eight interactive charts on who they are, what actually backs each coin (Tether's Q1 2026 attestation broken out asset by asset, USDC's reserve history, the CDP model), where the reserve claim has broken before (CFTC 2021, NYAG, SVB), and how supply has decoupled from Bitcoin's cycle since 2025.
CoinGecko's Trust Score removed web traffic in favour of order-book depth. That swapped the one signal an exchange cannot type about itself for one it can. This site did the opposite.
Every crypto ranking counts wrapped BTC as an asset. It isn't one — its value is a Bitcoin already in the list, and counting both counts the same coin twice.
Two conditions make a cryptocurrency: its own chain, and its own consensus. A token has neither, and mixing the two measures two different properties at once.
Most sites show a tidy regulatory category for every asset. That tidiness is inference, and inference printed in the same column as evidence stops being distinguishable.
A hash is not a fixed unit of work, so a hashrate league table across algorithms adds quantities that cost different amounts to produce.
Figures in these posts are stamped with the data build they were read from. The site rebuilds every six hours, so a number here will drift from the number on the ranking — the stamp is there so you can tell how far.