// 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.
- Tracked fees · 90d
- $259M
- across 64 chains with full coverage
- Median multiple
- 4,367×
- FDV ÷ annualized fees, 58 ranked chains
- 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
1
PolygonPOL · 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
Open Polygon →Implied price
$11.56
2
TronTRX · L1103×+4139% at target
3
CeloCELO · L2124×+3425% at target
Price
$0.09838
24h
+5.8%
FDV
$98.3M
Annualized fees
$794K
Fee / tx
$0.0019
Txs · 90d
96.4M
Open Celo →Implied price
$3.47
4
ModeMODE · L2157×+2683% at target
Price
$0.00007572
24h
+1.8%
FDV
$757K
Annualized fees
$4.83K
Fee / tx
$0.00026
Txs · 90d
4.55M
Open Mode →Implied price
$0.002107
5
StarknetSTRK · L2198×+2102% at target
Price
$0.04125
24h
+4.6%
FDV
$412M
Annualized fees
$2.08M
Fee / tx
$0.044
Txs · 90d
11.7M
Open Starknet →Implied price
$0.9085
6
InjectiveINJ · L1278×+1470% at target
Price
$7.87
24h
−1.4%
FDV
$787M
Annualized fees
$2.83M
Fee / tx
—
Txs · 90d
—
Open Injective →Implied price
$123.55
7
SolanaSOL · L1320×+1266% at target
Price
$121.12
24h
+3.4%
FDV
$76.9B
Annualized fees
$240M
Fee / tx
—
Txs · 90d
—
Open Solana →Implied price
$1,654
8
ArbitrumARB · L2422×+935% at target
Price
$0.2219
24h
+0.9%
FDV
$2.22B
Annualized fees
$5.26M
Fee / tx
$0.0090
Txs · 90d
144M
Open Arbitrum →Implied price
$2.30
9
LineaLINEA · L2460×+849% at target
Price
$0.002938
24h
+2.0%
FDV
$210M
Annualized fees
$457K
Fee / tx
$0.074
Txs · 90d
1.53M
Open Linea →Implied price
$0.02787
10
BNB ChainBNB · L1541×+707% at target
Price
$774.28
24h
−0.1%
FDV
$103B
Annualized fees
$190M
Fee / tx
—
Txs · 90d
—
Open BNB Chain →Implied price
$6,247
11
MonadMON · L1713×+512% at target
Price
$0.0267
24h
+3.5%
FDV
$2.69B
Annualized fees
$3.77M
Fee / tx
—
Txs · 90d
—
Open Monad →Implied price
$0.1635
12
AptosAPT · L1800×+446% at target
13
ArweaveAR · L1883×+395% at target
14
OP MainnetOP · L2898×+386% at target
Price
$0.1442
24h
+6.6%
FDV
$620M
Annualized fees
$690K
Fee / tx
$0.0012
Txs · 90d
145M
Open OP Mainnet →Implied price
$0.7014
15
FilecoinFIL · L11,080×+304% at target
Price
$1.09
24h
+6.8%
FDV
$2.13B
Annualized fees
$1.97M
Fee / tx
—
Txs · 90d
—
Open Filecoin →Implied price
$4.39
16
OsmosisOSMO · L11,231×+255% at target
Price
$0.03807
24h
+1.7%
FDV
$37.1M
Annualized fees
$30.1K
Fee / tx
—
Txs · 90d
—
Open Osmosis →Implied price
$0.1351
17
ScrollSCR · 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
Open Scroll →Implied price
$0.07809
18
RoninRON · 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
Open Ronin →Implied price
$0.1845
19
TaikoTAIKO · 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
Open Taiko →Implied price
$0.2611
20
MetisMETIS · 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
Open Metis →Implied price
$7.84
21
StacksSTX · L11,943×+125% at target
Price
$0.3543
24h
+12.0%
FDV
$662M
Annualized fees
$341K
Fee / tx
—
Txs · 90d
—
Open Stacks →Implied price
$0.7966
22
AuroraAURORA · L22,145×+104% at target
Price
$0.07194
24h
−9.1%
FDV
$71.9M
Annualized fees
$33.5K
Fee / tx
—
Txs · 90d
—
Open Aurora →Implied price
$0.1465
23
ZKsync 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
Open ZKsync Era →Implied price
$0.02425
24
EthereumETH · L12,655×+64.5% at target
Price
$2,696
24h
+0.3%
FDV
$329B
Annualized fees
$124M
Fee / tx
$0.16
Txs · 90d
195M
Open Ethereum →Implied price
$4,435
25
FlareFLR · L12,998×+45.7% at target
Price
$0.007278
24h
+1.5%
FDV
$776M
Annualized fees
$259K
Fee / tx
—
Txs · 90d
—
Open Flare →Implied price
$0.0106
26
BlastBLAST · L23,077×+42.0% at target
Price
$0.0004762
24h
−7.1%
FDV
$47.6M
Annualized fees
$15.5K
Fee / tx
—
Txs · 90d
—
Open Blast →Implied price
$0.0006759
27
AvalancheAVAX · L13,084×+41.6% at target
Price
$10.73
24h
+3.7%
FDV
$5.04B
Annualized fees
$1.63M
Fee / tx
—
Txs · 90d
—
Open Avalanche →Implied price
$15.20
28
GnosisGNO · L13,300×+32.3% at target
Price
$115.00
24h
+0.4%
FDV
$345M
Annualized fees
$105K
Fee / tx
—
Txs · 90d
—
Open Gnosis →Implied price
$152.18
29
THORChainRUNE · L14,219×+3.5% at target
Price
$0.6921
24h
+8.5%
FDV
$245M
Annualized fees
$58.0K
Fee / tx
—
Txs · 90d
—
Open THORChain →Implied price
$0.7164
30
SonicS · L14,515×−3.3% at target
Price
$0.04138
24h
+1.5%
FDV
$161M
Annualized fees
$35.6K
Fee / tx
—
Txs · 90d
—
Open Sonic →Implied price
$0.04002
31
MultiversXEGLD · L14,855×−10.1% at target
Price
$4.62
24h
+0.2%
FDV
$142M
Annualized fees
$29.3K
Fee / tx
—
Txs · 90d
—
Open MultiversX →Implied price
$4.16
32
BerachainBERA · L14,984×−12.4% at target
Price
$0.2412
24h
+5.9%
FDV
$136M
Annualized fees
$27.2K
Fee / tx
—
Txs · 90d
—
Open Berachain →Implied price
$0.2114
33
ChilizCHZ · L15,536×−21.1% at target
Price
$0.01665
24h
+2.2%
FDV
$175M
Annualized fees
$31.7K
Fee / tx
—
Txs · 90d
—
Open Chiliz →Implied price
$0.01313
34
TezosXTZ · L15,877×−25.7% at target
35
TONGRAM · L17,891×−44.7% at target
36
Hyperliquid L1HYPE · L17,994×−45.4% at target
Price
$91.99
24h
−1.8%
FDV
$87.9B
Annualized fees
$11.0M
Fee / tx
—
Txs · 90d
—
Open Hyperliquid L1 →Implied price
$50.26
37
MantaMANTA · 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
Open Manta →Implied price
$0.03566
38
MoneroXMR · L18,808×−50.4% at target
Price
$557.62
24h
−2.5%
FDV
$10.5B
Annualized fees
$1.19M
Fee / tx
—
Txs · 90d
—
Open Monero →Implied price
$276.49
39
SuiSUI · L18,972×−51.3% at target
40
NearNEAR · L19,100×−52.0% at target
41
KaiaKAIA · L19,520×−54.1% at target
Price
$0.03489
24h
−0.8%
FDV
$224M
Annualized fees
$23.6K
Fee / tx
—
Txs · 90d
—
Open Kaia →Implied price
$0.01601
42
LiskLSK · 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
Open Lisk →Implied price
$0.09518
43
CelestiaTIA · L120,110×−78.3% at target
44
BitcoinBTC · L121,728×−79.9% at target
Price
$84,286
24h
−0.1%
FDV
$1.69T
Annualized fees
$77.9M
Fee / tx
—
Txs · 90d
—
Open Bitcoin →Implied price
$16,941
45
StellarXLM · L122,855×−80.9% at target
Price
$0.2185
24h
−0.2%
FDV
$10.9B
Annualized fees
$478K
Fee / tx
—
Txs · 90d
—
Open Stellar →Implied price
$0.04175
46
World 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
Open World Chain →Implied price
$0.09023
47
CardanoADA · L123,545×−81.5% at target
Price
$0.2566
24h
+1.8%
FDV
$11.5B
Annualized fees
$490K
Fee / tx
—
Txs · 90d
—
Open Cardano →Implied price
$0.04759
48
ZcashZEC · L133,498×−87.0% at target
49
LitecoinLTC · L139,327×−88.9% at target
Price
$73.84
24h
+4.3%
FDV
$5.73B
Annualized fees
$146K
Fee / tx
—
Txs · 90d
—
Open Litecoin →Implied price
$8.20
50
MantleMNT · 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
Open Mantle →Implied price
$0.06696
51
Cosmos HubATOM · L149,227×−91.1% at target
Price
$1.83
24h
+1.6%
FDV
$974M
Annualized fees
$19.8K
Fee / tx
—
Txs · 90d
—
Open Cosmos Hub →Implied price
$0.1624
52
SeiSEI · L160,690×−92.8% at target
Price
$0.07257
24h
+10.4%
FDV
$726M
Annualized fees
$12.0K
Fee / tx
—
Txs · 90d
—
Open Sei →Implied price
$0.005222
53
Immutable zkEVMIMX · L261,475×−92.9% at target
Price
$0.1678
24h
+7.1%
FDV
$336M
Annualized fees
$5.46K
Fee / tx
—
Txs · 90d
—
Open Immutable zkEVM →Implied price
$0.01192
54
DogecoinDOGE · L163,749×−93.1% at target
Price
$0.09813
24h
+2.1%
FDV
$16.9B
Annualized fees
$264K
Fee / tx
—
Txs · 90d
—
Open Dogecoin →Implied price
$0.006722
55
DashDASH · L1138,358×−96.8% at target
56
Ethereum ClassicETC · L1189,486×−97.7% at target
Price
$9.46
24h
−1.0%
FDV
$1.50B
Annualized fees
$7.90K
Fee / tx
—
Txs · 90d
—
Open Ethereum Classic →Implied price
$0.218
57
AlgorandALGO · L1204,362×−97.9% at target
Price
$0.1161
24h
−0%
FDV
$1.05B
Annualized fees
$5.15K
Fee / tx
—
Txs · 90d
—
Open Algorand →Implied price
$0.002482
58
Bitcoin CashBCH · L1294,923×−98.5% at target
Price
$337.49
24h
+0.9%
FDV
$6.78B
Annualized fees
$23.0K
Fee / tx
—
Txs · 90d
—
Open Bitcoin Cash →Implied price
$5.00
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 →—
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 →—
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 →—
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 →—
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 →—
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 →—
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 →—
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
Getting cheaper ↓
Δ multiple · 30dGetting pricier ↑
Δ multiple · 30d// insights