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Prices 2026-09-26 08:38 UTC
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  • PolygonPOL#1
  • TronTRX#2
  • CeloCELO#3
  • ModeMODE#4
  • StarknetSTRK#5
  • InjectiveINJ#6
  • SolanaSOL#7
  • ArbitrumARB#8

// cheapest chain by FDV / fees

PolygonL2trades at 45.3× FDV to annualized 90-day fees

FDV ÷ annualized 90d fees · median 4,367×. That's 96.4× lower than the median chain.

  1. #2Tron103×
  2. #3Celo124×
  3. #4Mode157×
Tracked fees · 90d
$259M
across 64 chains with full coverage
Median multiple
4,367×
FDV ÷ annualized fees, 58 ranked chains
Cheapest tx
$0.00018
Soneium · observed mean fee
Chains
58 / 66
8 tracked but not ranked

// the ranking

Every chain, cheapest first

Ranked by FDV ÷ annualized 90-day fees. A lower multiple means the market values the chain at fewer years of what its network earns. It's a screening signal, not a valuation. How it's calculated

median
  1. 1PolygonPOL · L245.3×+9543% at target

    Price

    $0.1198

    24h

    +9.3%

    FDV

    $1.27B

    Annualized fees

    $28.1M

    Fee / tx

    $0.013

    Txs · 90d

    533M

    Implied price

    $11.56

    Open Polygon →
  2. 2TronTRX · L1103×+4139% at target

    Price

    $0.3371

    24h

    −0.4%

    FDV

    $32.0B

    Annualized fees

    $311M

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $14.29

    Open Tron →
  3. 3CeloCELO · L2124×+3425% at target

    Price

    $0.09838

    24h

    +5.8%

    FDV

    $98.3M

    Annualized fees

    $794K

    Fee / tx

    $0.0019

    Txs · 90d

    96.4M

    Implied price

    $3.47

    Open Celo →
  4. 4ModeMODE · L2157×+2683% at target

    Price

    $0.00007572

    24h

    +1.8%

    FDV

    $757K

    Annualized fees

    $4.83K

    Fee / tx

    $0.00026

    Txs · 90d

    4.55M

    Implied price

    $0.002107

    Open Mode →
  5. 5StarknetSTRK · L2198×+2102% at target

    Price

    $0.04125

    24h

    +4.6%

    FDV

    $412M

    Annualized fees

    $2.08M

    Fee / tx

    $0.044

    Txs · 90d

    11.7M

    Implied price

    $0.9085

    Open Starknet →
  6. 6InjectiveINJ · L1278×+1470% at target

    Price

    $7.87

    24h

    −1.4%

    FDV

    $787M

    Annualized fees

    $2.83M

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $123.55

    Open Injective →
  7. 7SolanaSOL · L1320×+1266% at target

    Price

    $121.12

    24h

    +3.4%

    FDV

    $76.9B

    Annualized fees

    $240M

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $1,654

    Open Solana →
  8. 8ArbitrumARB · L2422×+935% at target

    Price

    $0.2219

    24h

    +0.9%

    FDV

    $2.22B

    Annualized fees

    $5.26M

    Fee / tx

    $0.0090

    Txs · 90d

    144M

    Implied price

    $2.30

    Open Arbitrum →
  9. 9LineaLINEA · L2460×+849% at target

    Price

    $0.002938

    24h

    +2.0%

    FDV

    $210M

    Annualized fees

    $457K

    Fee / tx

    $0.074

    Txs · 90d

    1.53M

    Implied price

    $0.02787

    Open Linea →
  10. 10BNB ChainBNB · L1541×+707% at target

    Price

    $774.28

    24h

    −0.1%

    FDV

    $103B

    Annualized fees

    $190M

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $6,247

    Open BNB Chain →
  11. 11MonadMON · L1713×+512% at target

    Price

    $0.0267

    24h

    +3.5%

    FDV

    $2.69B

    Annualized fees

    $3.77M

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.1635

    Open Monad →
  12. 12AptosAPT · L1800×+446% at target

    Price

    $0.8485

    24h

    +2.8%

    FDV

    $1.03B

    Annualized fees

    $1.28M

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $4.63

    Open Aptos →
  13. 13ArweaveAR · L1883×+395% at target

    Price

    $4.64

    24h

    −0.9%

    FDV

    $304M

    Annualized fees

    $345K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $22.95

    Open Arweave →
  14. 14OP MainnetOP · L2898×+386% at target

    Price

    $0.1442

    24h

    +6.6%

    FDV

    $620M

    Annualized fees

    $690K

    Fee / tx

    $0.0012

    Txs · 90d

    145M

    Implied price

    $0.7014

    Open OP Mainnet →
  15. 15FilecoinFIL · L11,080×+304% at target

    Price

    $1.09

    24h

    +6.8%

    FDV

    $2.13B

    Annualized fees

    $1.97M

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $4.39

    Open Filecoin →
  16. 16OsmosisOSMO · L11,231×+255% at target

    Price

    $0.03807

    24h

    +1.7%

    FDV

    $37.1M

    Annualized fees

    $30.1K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.1351

    Open Osmosis →
  17. 17ScrollSCR · L21,396×+213% at target

    Price

    $0.02496

    24h

    +5.2%

    FDV

    $25.0M

    Annualized fees

    $17.9K

    Fee / tx

    $0.0038

    Txs · 90d

    1.17M

    Implied price

    $0.07809

    Open Scroll →
  18. 18RoninRON · L21,553×+181% at target

    Price

    $0.06563

    24h

    +4.8%

    FDV

    $65.6M

    Annualized fees

    $42.3K

    Fee / tx

    $0.00068

    Txs · 90d

    15.2M

    Implied price

    $0.1845

    Open Ronin →
  19. 19TaikoTAIKO · L21,566×+179% at target

    Price

    $0.0936

    24h

    +1.8%

    FDV

    $93.6M

    Annualized fees

    $59.8K

    Fee / tx

    $0.0035

    Txs · 90d

    4.26M

    Implied price

    $0.2611

    Open Taiko →
  20. 20MetisMETIS · L21,878×+133% at target

    Price

    $3.37

    24h

    −3.5%

    FDV

    $33.7M

    Annualized fees

    $18.0K

    Fee / tx

    $0.0059

    Txs · 90d

    753K

    Implied price

    $7.84

    Open Metis →
  21. 21StacksSTX · L11,943×+125% at target

    Price

    $0.3543

    24h

    +12.0%

    FDV

    $662M

    Annualized fees

    $341K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.7966

    Open Stacks →
  22. 22AuroraAURORA · L22,145×+104% at target

    Price

    $0.07194

    24h

    −9.1%

    FDV

    $71.9M

    Annualized fees

    $33.5K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.1465

    Open Aurora →
  23. 23ZKsync EraZK · L22,335×+87.0% at target

    Price

    $0.01297

    24h

    +5.7%

    FDV

    $272M

    Annualized fees

    $117K

    Fee / tx

    $0.020

    Txs · 90d

    1.45M

    Implied price

    $0.02425

    Open ZKsync Era →
  24. 24EthereumETH · L12,655×+64.5% at target

    Price

    $2,696

    24h

    +0.3%

    FDV

    $329B

    Annualized fees

    $124M

    Fee / tx

    $0.16

    Txs · 90d

    195M

    Implied price

    $4,435

    Open Ethereum →
  25. 25FlareFLR · L12,998×+45.7% at target

    Price

    $0.007278

    24h

    +1.5%

    FDV

    $776M

    Annualized fees

    $259K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.0106

    Open Flare →
  26. 26BlastBLAST · L23,077×+42.0% at target

    Price

    $0.0004762

    24h

    −7.1%

    FDV

    $47.6M

    Annualized fees

    $15.5K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.0006759

    Open Blast →
  27. 27AvalancheAVAX · L13,084×+41.6% at target

    Price

    $10.73

    24h

    +3.7%

    FDV

    $5.04B

    Annualized fees

    $1.63M

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $15.20

    Open Avalanche →
  28. 28GnosisGNO · L13,300×+32.3% at target

    Price

    $115.00

    24h

    +0.4%

    FDV

    $345M

    Annualized fees

    $105K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $152.18

    Open Gnosis →
  29. 29THORChainRUNE · L14,219×+3.5% at target

    Price

    $0.6921

    24h

    +8.5%

    FDV

    $245M

    Annualized fees

    $58.0K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.7164

    Open THORChain →
  30. 30SonicS · L14,515×−3.3% at target

    Price

    $0.04138

    24h

    +1.5%

    FDV

    $161M

    Annualized fees

    $35.6K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.04002

    Open Sonic →
  31. 31MultiversXEGLD · L14,855×−10.1% at target

    Price

    $4.62

    24h

    +0.2%

    FDV

    $142M

    Annualized fees

    $29.3K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $4.16

    Open MultiversX →
  32. 32BerachainBERA · L14,984×−12.4% at target

    Price

    $0.2412

    24h

    +5.9%

    FDV

    $136M

    Annualized fees

    $27.2K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.2114

    Open Berachain →
  33. 33ChilizCHZ · L15,536×−21.1% at target

    Price

    $0.01665

    24h

    +2.2%

    FDV

    $175M

    Annualized fees

    $31.7K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.01313

    Open Chiliz →
  34. 34TezosXTZ · L15,877×−25.7% at target

    Price

    $0.329

    24h

    −1.0%

    FDV

    $367M

    Annualized fees

    $62.5K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.2445

    Open Tezos →
  35. 35TONGRAM · L17,891×−44.7% at target

    Price

    $1.46

    24h

    +2.8%

    FDV

    $7.66B

    Annualized fees

    $971K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.8081

    Open TON →
  36. 36Hyperliquid L1HYPE · L17,994×−45.4% at target

    Price

    $91.99

    24h

    −1.8%

    FDV

    $87.9B

    Annualized fees

    $11.0M

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $50.26

    Open Hyperliquid L1 →
  37. 37MantaMANTA · L28,661×−49.6% at target

    Price

    $0.07072

    24h

    +1.3%

    FDV

    $70.7M

    Annualized fees

    $8.17K

    Fee / tx

    $0.00080

    Txs · 90d

    2.51M

    Implied price

    $0.03566

    Open Manta →
  38. 38MoneroXMR · L18,808×−50.4% at target

    Price

    $557.62

    24h

    −2.5%

    FDV

    $10.5B

    Annualized fees

    $1.19M

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $276.49

    Open Monero →
  39. 39SuiSUI · L18,972×−51.3% at target

    Price

    $1.17

    24h

    +13.5%

    FDV

    $11.7B

    Annualized fees

    $1.30M

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.5695

    Open Sui →
  40. 40NearNEAR · L19,100×−52.0% at target

    Price

    $4.88

    24h

    +5.7%

    FDV

    $6.37B

    Annualized fees

    $700K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $2.34

    Open Near →
  41. 41KaiaKAIA · L19,520×−54.1% at target

    Price

    $0.03489

    24h

    −0.8%

    FDV

    $224M

    Annualized fees

    $23.6K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.01601

    Open Kaia →
  42. 42LiskLSK · L215,752×−72.3% at target

    Price

    $0.3433

    24h

    −3.5%

    FDV

    $103M

    Annualized fees

    $6.54K

    Fee / tx

    $0.0050

    Txs · 90d

    322K

    Implied price

    $0.09518

    Open Lisk →
  43. 43CelestiaTIA · L120,110×−78.3% at target

    Price

    $0.49

    24h

    −0%

    FDV

    $577M

    Annualized fees

    $28.7K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.1064

    Open Celestia →
  44. 44BitcoinBTC · L121,728×−79.9% at target

    Price

    $84,286

    24h

    −0.1%

    FDV

    $1.69T

    Annualized fees

    $77.9M

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $16,941

    Open Bitcoin →
  45. 45StellarXLM · L122,855×−80.9% at target

    Price

    $0.2185

    24h

    −0.2%

    FDV

    $10.9B

    Annualized fees

    $478K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.04175

    Open Stellar →
  46. 46World ChainWLD · L223,360×−81.3% at target

    Price

    $0.4826

    24h

    +7.7%

    FDV

    $4.83B

    Annualized fees

    $207K

    Fee / tx

    $0.00074

    Txs · 90d

    68.8M

    Implied price

    $0.09023

    Open World Chain →
  47. 47CardanoADA · L123,545×−81.5% at target

    Price

    $0.2566

    24h

    +1.8%

    FDV

    $11.5B

    Annualized fees

    $490K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.04759

    Open Cardano →
  48. 48ZcashZEC · L133,498×−87.0% at target

    Price

    $1,538

    24h

    −3.2%

    FDV

    $26.1B

    Annualized fees

    $779K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $200.51

    Open Zcash →
  49. 49LitecoinLTC · L139,327×−88.9% at target

    Price

    $73.84

    24h

    +4.3%

    FDV

    $5.73B

    Annualized fees

    $146K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $8.20

    Open Litecoin →
  50. 50MantleMNT · L246,490×−90.6% at target

    Price

    $0.7128

    24h

    +5.2%

    FDV

    $4.43B

    Annualized fees

    $95.4K

    Fee / tx

    $0.0097

    Txs · 90d

    2.44M

    Implied price

    $0.06696

    Open Mantle →
  51. 51Cosmos HubATOM · L149,227×−91.1% at target

    Price

    $1.83

    24h

    +1.6%

    FDV

    $974M

    Annualized fees

    $19.8K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.1624

    Open Cosmos Hub →
  52. 52SeiSEI · L160,690×−92.8% at target

    Price

    $0.07257

    24h

    +10.4%

    FDV

    $726M

    Annualized fees

    $12.0K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.005222

    Open Sei →
  53. 53Immutable zkEVMIMX · L261,475×−92.9% at target

    Price

    $0.1678

    24h

    +7.1%

    FDV

    $336M

    Annualized fees

    $5.46K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.01192

    Open Immutable zkEVM →
  54. 54DogecoinDOGE · L163,749×−93.1% at target

    Price

    $0.09813

    24h

    +2.1%

    FDV

    $16.9B

    Annualized fees

    $264K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.006722

    Open Dogecoin →
  55. 55DashDASH · L1138,358×−96.8% at target

    Price

    $63.58

    24h

    −0.6%

    FDV

    $817M

    Annualized fees

    $5.90K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $2.01

    Open Dash →
  56. 56Ethereum ClassicETC · L1189,486×−97.7% at target

    Price

    $9.46

    24h

    −1.0%

    FDV

    $1.50B

    Annualized fees

    $7.90K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.218

    Open Ethereum Classic →
  57. 57AlgorandALGO · L1204,362×−97.9% at target

    Price

    $0.1161

    24h

    −0%

    FDV

    $1.05B

    Annualized fees

    $5.15K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $0.002482

    Open Algorand →
  58. 58Bitcoin CashBCH · L1294,923×−98.5% at target

    Price

    $337.49

    24h

    +0.9%

    FDV

    $6.78B

    Annualized fees

    $23.0K

    Fee / tx

    —

    Txs · 90d

    —

    Implied price

    $5.00

    Open Bitcoin Cash →
  59. Not ranked · 8

    —Arbitrum Novano token · L2no token

    Price

    —

    24h

    —

    FDV

    —

    Annualized fees

    $9.82K

    Fee / tx

    $0.014

    Txs · 90d

    172K

    This network has no native token, so there is no FDV to compare with its fees.

    Open Arbitrum Nova →
  60. —Baseno token · L2no token

    Price

    —

    24h

    —

    FDV

    —

    Annualized fees

    $38.4M

    Fee / tx

    $0.012

    Txs · 90d

    774M

    This network has no native token, so there is no FDV to compare with its fees.

    Open Base →
  61. —HederaHBAR · L1insufficient data

    Price

    $0.09462

    24h

    +1.9%

    FDV

    $4.73B

    Annualized fees

    —

    Fee / tx

    —

    Txs · 90d

    —

    Fewer than 95% of the days in this window have data (for example a newly tracked chain).

    Open Hedera →
  62. —Inkno token · L2no token

    Price

    —

    24h

    —

    FDV

    —

    Annualized fees

    $226K

    Fee / tx

    $0.0012

    Txs · 90d

    44.8M

    This network has no native token, so there is no FDV to compare with its fees.

    Open Ink →
  63. —opBNBno token · L2no token

    Price

    —

    24h

    —

    FDV

    —

    Annualized fees

    $26.7K

    Fee / tx

    —

    Txs · 90d

    —

    This network has no native token, so there is no FDV to compare with its fees.

    Open opBNB →
  64. —PulseChainPLS · L1insufficient data

    Price

    $0.00001222

    24h

    −1.0%

    FDV

    $1.65B

    Annualized fees

    —

    Fee / tx

    —

    Txs · 90d

    —

    Fewer than 95% of the days in this window have data (for example a newly tracked chain).

    Open PulseChain →
  65. —Soneiumno token · L2no token

    Price

    —

    24h

    —

    FDV

    —

    Annualized fees

    $37.2K

    Fee / tx

    $0.00018

    Txs · 90d

    51.9M

    This network has no native token, so there is no FDV to compare with its fees.

    Open Soneium →
  66. —Unichainno token · L2no token

    Price

    —

    24h

    —

    FDV

    —

    Annualized fees

    $122K

    Fee / tx

    $0.00046

    Txs · 90d

    65.8M

    This network has no native token, so there is no FDV to compare with its fees.

    Open Unichain →

// multiple movers

Getting cheaper, getting pricier

Basis: FDV ÷ annualized 90d fees

// insights

See the whole market at once