Charlie Quant Lab

Liquidity beneath the ranking

The Quiet Book

A coin can be enormous and still have a small door.

STX has the largest nearby-book share at 10.91%. BTC is the clearest case where market size outruns sellable size.

Top-100 coins100current market-value list
Measured coins91missing books remain missing
Venues read79with usable pairs
Largest nearby share10.91%STX
Middle nearby share0.84%middle measured coin
Top-ten overlap0 of 10market size versus sellability
Most money near price$1.7bnBTC
Widest side gap71.7%USDE

The ranking changes.

Market value ranks the whole coin. This ranks the money posted close to today's price as a share of that value.

STX10.91%
RENDER8.02%
POL7.30%
USDGO7.15%
ZRO7.02%
U6.65%
USD16.43%
PAXG5.49%
INJ4.54%
PEPE4.06%
USDG3.70%
BFUSD3.39%
FIL3.14%
DASH3.12%
XAUT3.02%

Only 0 of the ten largest coins also sit in the ten most sellable books. Size on a price screen and room to exit are different things.

Cash near the price

This ranking ignores market value and asks where the largest amount of two-way orders is visible within 2% of the price.

BTC$1.7bn
USDC$1.5bn
ETH$1.3bn
USDT$978.4mn
SOL$664.3mn
XRP$409.9mn
USD1$286.3mn
BNB$282.4mn
DOGE$208.2mn
TRX$199.0mn
ADA$178.5mn
LINK$154.9mn
USDG$117.9mn
NEAR$113.6mn
U$102.0mn

Bitcoin has the largest visible two-way book at $1.7bn. That is a live doorway, not a promise that every order will stay.

Where cap rank misleads most

A positive gap means the coin's nearby book ranks better than its market value. A negative gap means the headline size outruns the visible doorway.

Biggest upward surprise

STX moves from market-cap rank 95 to sellability rank 1.

Biggest downward surprise

BTC moves from market-cap rank 1 to sellability rank 77.

Most uneven book

USDE has a 71.7% gap between the two sides of its nearby book.

The current top table

Money waiting above and below the price is added because the two sides are different. The page never averages them.

Swipe the table, or focus it and use the arrow keys.

Market-value rankCoinSymbolMarket valueOrders near priceOrders / valueSellability rankRank gapVenues
95StacksSTX$721.9mn$78.8mn10.91%1+9432
78RenderRENDER$1.1bn$89.6mn8.02%2+7645
76POL (ex-MATIC)POL$1.1bn$83.0mn7.30%3+7357
71USDGOUSDGO$1.3bn$93.3mn7.15%4+673
85LayerZeroZRO$896.5mn$63.0mn7.02%5+8044
65United StablesU$1.5bn$102.0mn6.65%6+594
30USD1USD1$4.5bn$286.3mn6.43%7+2329
59PAX GoldPAXG$1.8bn$99.4mn5.49%8+5135
90InjectiveINJ$782.9mn$35.5mn4.54%9+8148
60PepePEPE$1.8bn$72.6mn4.06%10+5056
39Global DollarUSDG$3.2bn$117.9mn3.70%11+2810
69BFUSDBFUSD$1.3bn$44.8mn3.39%12+571
82FilecoinFIL$958.9mn$30.2mn3.14%13+6948
98DashDASH$711.2mn$22.2mn3.12%14+8430
36Tether GoldXAUT$3.4bn$101.6mn3.02%15+2133
45Ripple USDRLUSD$2.5bn$69.8mn2.76%16+299
44AaveAAVE$2.7bn$65.7mn2.40%17+2755
6USDCUSDC$74.2bn$1.5bn1.96%18-1259
92Ether.fiETHFI$751.1mn$14.2mn1.90%19+7346
17CardanoADA$9.9bn$178.5mn1.80%20-360
97AptosAPT$716.2mn$12.7mn1.78%21+7648
23LitecoinLTC$5.4bn$94.4mn1.76%22+158
21NEAR ProtocolNEAR$6.7bn$113.6mn1.71%23-250
28SuiSUI$4.8bn$80.5mn1.68%24+453
53PolkadotDOT$2.0bn$33.7mn1.66%25+2854
68ArbitrumARB$1.3bn$21.5mn1.63%26+4249
40EthenaENA$3.2bn$50.4mn1.58%27+1353
27Ethena USDeUSDE$5.0bn$77.8mn1.56%28-113
57Internet ComputerICP$1.9bn$28.1mn1.51%29+2840
14ChainlinkLINK$10.4bn$154.9mn1.49%30-1661
48OndoONDO$2.4bn$34.6mn1.46%31+1748
51WorldcoinWLD$2.1bn$30.4mn1.45%32+1946
12DogecoinDOGE$14.6bn$208.2mn1.43%33-2161
25AvalancheAVAX$5.1bn$71.9mn1.41%34-960
24UniswapUNI$5.2bn$66.4mn1.27%35-1158

For the middle measured coin, orders near the price equal 0.84% of market value. A market value is not an exit quote.

Research by for Charlie Quant Lab · Updated