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 12.93%. BTC is the clearest case where market size outruns sellable size.

Top-100 coins100current market-value list
Measured coins91missing books remain missing
Venues read73with usable pairs
Largest nearby share12.93%USD1
Middle nearby share0.65%middle measured coin
Top-ten overlap0 of 10market size versus sellability
Most money near price$1.2bnBTC
Widest side gap76.4%RAIN

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.

USD112.93%
POL7.16%
RENDER7.13%
U6.78%
PAXG4.18%
TRUMP4.04%
LTC3.99%
INJ3.66%
USDG3.41%
USDGO3.31%
RLUSD3.23%
XAUT3.09%
PEPE2.77%
DASH2.21%
FIL2.11%

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$1.2bn
USDC$1.2bn
USDT$1.0bn
ETH$916.9mn
USD1$553.0mn
SOL$443.7mn
XRP$295.8mn
BNB$229.2mn
LTC$168.2mn
TRX$145.4mn
ADA$137.3mn
DOGE$116.1mn
USDG$113.1mn
U$87.6mn
XAUT$82.9mn

Bitcoin has the largest visible two-way book at $1.2bn. 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

TRUMP moves from market-cap rank 97 to sellability rank 6.

Biggest downward surprise

BTC moves from market-cap rank 1 to sellability rank 80.

Most uneven book

RAIN has a 76.4% 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$4.3bn$553.0mn12.93%1+2426
73POL (ex-MATIC)POL$1.0bn$72.9mn7.16%2+7152
87RenderRENDER$777.7mn$55.5mn7.13%3+8439
66United StablesU$1.3bn$87.6mn6.78%4+625
49PAX GoldPAXG$1.9bn$79.2mn4.18%5+4432
97Official TrumpTRUMP$608.6mn$24.6mn4.04%6+9143
27LitecoinLTC$4.2bn$168.2mn3.99%7+2052
95InjectiveINJ$650.8mn$23.8mn3.66%8+8742
32Global DollarUSDG$3.3bn$113.1mn3.41%9+239
63USDGOUSDGO$1.4bn$45.2mn3.31%10+532
42Ripple USDRLUSD$2.4bn$78.7mn3.23%11+319
39Tether GoldXAUT$2.7bn$82.9mn3.09%12+2733
58PepePEPE$1.5bn$42.5mn2.77%13+4548
86DashDASH$803.8mn$17.8mn2.21%14+7228
94FilecoinFIL$695.3mn$14.6mn2.11%15+7940
48AaveAAVE$2.0bn$40.5mn2.03%16+3252
47PolkadotDOT$2.0bn$36.6mn1.80%17+3048
65BFUSDBFUSD$1.3bn$23.1mn1.75%18+471
54EthenaENA$1.6bn$27.2mn1.67%19+3542
19CardanoADA$8.2bn$137.3mn1.67%20-153
6USDCUSDC$74.5bn$1.2bn1.59%21-1554
31SuiSUI$3.3bn$52.8mn1.58%22+947
72ArbitrumARB$1.1bn$17.0mn1.55%23+4945
30AvalancheAVAX$3.4bn$48.8mn1.42%24+649
99Ether.fiETHFI$581.8mn$8.1mn1.39%25+7438
34NEAR ProtocolNEAR$3.0bn$41.4mn1.36%26+842
85JupiterJUP$805.3mn$9.5mn1.17%27+5840
51OndoONDO$1.8bn$20.9mn1.15%28+2342
81AlgorandALGO$913.0mn$10.4mn1.14%29+5237
55Internet ComputerICP$1.6bn$18.0mn1.12%30+2534
100XDC NetworkXDC$574.3mn$6.1mn1.06%31+6917
53WorldcoinWLD$1.7bn$17.5mn1.04%32+2140
29HederaHBAR$3.5bn$32.6mn0.94%33-432
26UniswapUNI$4.2bn$39.3mn0.93%34-852
62Ethereum ClassicETC$1.4bn$12.5mn0.90%35+2737

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 · Updated