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Introducing the Kaiko Crypto Asset Ranking

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Bitcoin

Ethereum

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Written by Adam Morgan McCarthy , Thomas Probst

04/11/2025

    This week, we’re releasing our latest Asset Ranking. This time the scoring has developed beyond a simple liquidity ranking to encompass a broader range of metrics that truly measure the tradability of an asset. As well as looking at volume, liquidity and market capitalization the new ranking also considers market availability, maturity, and custody scores.

    Introducing the Kaiko Crypto Asset Ranking
    by Adam Morgan McCarthy AND thOMAS PROBST

    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.

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