Among the coins with a total market cap of 50, there are always a few old-timers whose assets people just can’t make sense of
1、$ADA
Once dubbed “Japan’s Ethereum,” the one Japanese people love to trade the most—a chain that was launched by an Ethereum co-founder. It can make $177 a day, but maybe that’s still less than some workers’ wages.
However, with a market cap of $7.0B+, it ranks 17.
2、$DOT
Polkadot—how many people it once made rich, and now it’s basically fallen to the roadside. On-chain activity has been completely dead: no momentum, no users—only a few applications from within its own ecosystem running. And some of those apps are even trying to attach themselves to other chains.
Yet its market cap is $1.4B, ranking 52.
3、$XLM
Stellar (XLM). Mainly focused on enterprise payments. It’s another project under Ripple’s founder, alongside XRP. On-chain data actually looks quite solid: stablecoins at 1B+, RWA assets at 2B+, and DeFi capacity at 250M. It’s worth a $5.5B market cap—and yet it ranks 20.
What I can’t understand is that it’s so niche it barely exists.
4、$HBAR
Hedera—a high-performance public chain aimed at enterprises and institutions. The on-chain data is also pretty bleak. Daily DEX revenue is only around $100. Most of the funds on the chain are also for enterprise payments, and stablecoins are only about 30M.
But its market cap is roughly $3.0B, ranking 29.
These old-timer coins have all seen massive drawdowns this year.
And most importantly, they’re all public-chain tokens—so if you’re considering long-term investment in public chains, you definitely need to be cautious.
1、$ADA
Once dubbed “Japan’s Ethereum,” the one Japanese people love to trade the most—a chain that was launched by an Ethereum co-founder. It can make $177 a day, but maybe that’s still less than some workers’ wages.
However, with a market cap of $7.0B+, it ranks 17.
2、$DOT
Polkadot—how many people it once made rich, and now it’s basically fallen to the roadside. On-chain activity has been completely dead: no momentum, no users—only a few applications from within its own ecosystem running. And some of those apps are even trying to attach themselves to other chains.
Yet its market cap is $1.4B, ranking 52.
3、$XLM
Stellar (XLM). Mainly focused on enterprise payments. It’s another project under Ripple’s founder, alongside XRP. On-chain data actually looks quite solid: stablecoins at 1B+, RWA assets at 2B+, and DeFi capacity at 250M. It’s worth a $5.5B market cap—and yet it ranks 20.
What I can’t understand is that it’s so niche it barely exists.
4、$HBAR
Hedera—a high-performance public chain aimed at enterprises and institutions. The on-chain data is also pretty bleak. Daily DEX revenue is only around $100. Most of the funds on the chain are also for enterprise payments, and stablecoins are only about 30M.
But its market cap is roughly $3.0B, ranking 29.
These old-timer coins have all seen massive drawdowns this year.
And most importantly, they’re all public-chain tokens—so if you’re considering long-term investment in public chains, you definitely need to be cautious.
