Charlie Quant Lab

Liquidity beneath the ranking

The Quiet Book

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

USD1 has the largest nearby-book share at 13.53%. RAIN is the clearest case where market size outruns sellable size.

Top-100 coins100current market-value list
Measured coins90missing books remain missing
Venues read80with usable pairs
Largest nearby share13.53%USD1
Middle nearby share0.65%middle measured coin
Top-ten overlap0 of 10market size versus sellability
Most money near price$1.5bnUSDC
Widest side gap87.1%LEO

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.

USD113.53%
POL7.69%
RENDER6.97%
U6.19%
CRV5.16%
TRUMP4.88%
USDG4.61%
PAXG4.47%
LTC3.97%
USDGO3.49%
PEPE3.33%
XAUT3.33%
RLUSD3.07%
FIL2.85%
DASH2.62%

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.

USDC$1.5bn
BTC$1.5bn
USDT$1.0bn
ETH$993.7mn
USD1$574.5mn
SOL$465.7mn
XRP$344.1mn
BNB$264.0mn
TRX$175.5mn
LTC$167.8mn
USDG$150.2mn
ADA$148.1mn
DOGE$145.8mn
LINK$104.2mn
XAUT$90.1mn

USDC has the largest visible two-way book at $1.5bn. 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

CRV moves from market-cap rank 98 to sellability rank 5.

Biggest downward surprise

RAIN moves from market-cap rank 12 to sellability rank 90.

Most uneven book

LEO has a 87.1% 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
25USD1USD1$4.2bn$574.5mn13.53%1+2427
71POL (ex-MATIC)POL$1.0bn$79.9mn7.69%2+6958
86RenderRENDER$789.3mn$55.0mn6.97%3+8339
64United StablesU$1.3bn$79.0mn6.19%4+605
98Curve DAOCRV$575.4mn$29.7mn5.16%5+9349
95Official TrumpTRUMP$606.4mn$29.6mn4.88%6+8946
31Global DollarUSDG$3.3bn$150.2mn4.61%7+2410
47PAX GoldPAXG$1.9bn$85.6mn4.47%8+3936
26LitecoinLTC$4.2bn$167.8mn3.97%9+1760
61USDGOUSDGO$1.4bn$47.3mn3.49%10+512
54PepePEPE$1.5bn$50.5mn3.33%11+4356
37Tether GoldXAUT$2.7bn$90.1mn3.33%12+2537
40Ripple USDRLUSD$2.4bn$74.0mn3.07%13+279
92FilecoinFIL$656.9mn$18.8mn2.85%14+7847
78DashDASH$883.2mn$23.2mn2.62%15+6333
45AaveAAVE$2.1bn$51.9mn2.52%16+2957
6USDCUSDC$74.6bn$1.5bn1.98%17-1160
51EthenaENA$1.8bn$33.5mn1.91%18+3349
18CardanoADA$8.2bn$148.1mn1.80%19-159
30SuiSUI$3.3bn$58.7mn1.79%20+1051
53PolkadotDOT$1.6bn$27.7mn1.69%21+3252
29AvalancheAVAX$3.3bn$55.1mn1.67%22+757
63BFUSDBFUSD$1.3bn$22.0mn1.67%23+401
65ArbitrumARB$1.3bn$20.0mn1.58%24+4153
33NEAR ProtocolNEAR$3.2bn$48.2mn1.51%25+849
58WorldcoinWLD$1.5bn$18.8mn1.26%26+3245
48OndoONDO$1.8bn$23.0mn1.25%27+2143
77JupiterJUP$894.7mn$10.3mn1.15%28+4949
15ChainlinkLINK$9.2bn$104.2mn1.13%29-1465
56Internet ComputerICP$1.5bn$16.8mn1.12%30+2639
80AlgorandALGO$858.7mn$9.1mn1.06%31+4938
11DogecoinDOGE$13.9bn$145.8mn1.05%32-2161
22UniswapUNI$4.6bn$44.5mn0.97%33-1163
20Bitcoin CashBCH$5.2bn$50.0mn0.97%34-1455
41BittensorTAO$2.4bn$22.7mn0.95%35+630

For the middle measured coin, orders near the price equal 0.65% of market value. A market value is not an exit quote.

Research by for Charlie Quant Lab