Introducing the Kaiko Crypto Asset Ranking

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Bitcoin

Ethereum

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04/11/2025

BTC tops the ranking, only AAA-rated asset.
ETH and XRP tied for second.
Only one token from post-2023 ranked in the top 10.

Introducing the kaiko crypto asset ranking

This week we’re releasing the Kaiko Asset Ranking. The latest in our series of rankings, this is an iteration of our previous asset ranking, which only took into account liquidity. The new version accounts for more than just liquidity, it aims to encompass a broader range of metrics that truly measure the tradability of an asset at scale. As crypto continues its journey towards institutionalization this ranking will provide an objective, reproducible, and explainable score, allowing for comparisons between assets and tracking their performance over time.

The new ranking evaluates Volume, Liquidity, and Market Capitalization, while also considering Market Availability, Maturity, and Custody. Scores across these criteria are normalized and tallied, with final scores calculated out of 100. Each asset score is then mapped to a Kaiko Asset Rating, ranging from AAA to B, with the former representing the highest possible rating.

Screenshot 2025-11-03 at 18.42.41

Bitcoin dominated with a perfect score of 100, and attained the only AAA rating. Note that Bitcoin is the only cryptocurrency to have achieved this maximum score. To complete the podium, we then find ETH and XRP in second place, both with the same score, 95.

Read more on this in our latest Data Debrief now!

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Data Used In This Analysis

Our industry-leading research is the direct result of combining our proprietary data with world-class in-house experts. Bringing the very best of Kaiko’s people and data together, we unlock the unique insights that form the basis for our discoveries and analysis. We believe in doing so, our data speaks for itself, helping both our clients and the wider industry get a better understanding of the crypto ecosystem, and the evolving trends and patterns in motion at a regional and global scale.

Market Explorer

Price and transaction volume for centralized and decentralized exchanges.

Level 1 & Level 2 Market Data

Tick and aggregated market data, from cryptocurrency exchanges.

Blockchain Monitoring Tool

All users, all transactions, and all history for blockchain wallets.

Indices

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Derivatives

29/12/2025 Data Debrief
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As markets approach the end of the year, Bitcoin finds itself at a familiar crossroads, caught between cyclical behavior and a steadily developing market. While year-end seasonality has historically played a role in shaping price action, recent data suggests that cyclical drivers are increasingly dominant.

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Derivatives

22/12/2025 Data Debrief
Crypto in 2026, What Breaks, What Scales, What Consolidates
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Year in Review

01/12/2025 Data Debrief
Kaiko Research's Top 10 Charts of 2025
In this report, we look back on 2025 and the key forces that shaped markets. From BTC record highs and fleeting altcoin rallies to major liquidation events and evolving regulation, we examine what shaped a seminal year for crypto.

Written by Adam Morgan McCarthy