The most widely used ranking system for evaluating cryptocurrencies assesses them based on changes in their market capitalization. Kaiko analysts have now added key data to this framework, allowing Ripple’s XRP to stand out from the competition. Here’s an update…
A New Ranking System for Evaluating Cryptocurrencies
The most commonly used ranking system for cryptocurrencies is based primarily on their real-time market capitalization, combined with the number and price of available units. In this arena, Bitcoin undoubtedly reigns supreme, with a market cap exceeding $2 trillion.
Next come the altcoins, whose undisputed leader remains Ether (ETH) with a current market capitalization estimated at $430 billion—nearly three times that of the third-place finisher, Ripple’s XRP, at $150 billion, excluding stablecoins.
This is a landscape that the analytics firm Kaiko clearly wishes to provide a more nuanced view of, with the introduction of a “new ranking [that] evaluates assets beyond liquidity by examining six dimensions,” taking into account volume, liquidity, market capitalization, market availability, maturity, and custody.
In practice, “each asset receives an objective and reproducible rating from AAA to B, allowing for fair comparisons among more than 80 cryptocurrencies.” And it goes without saying that—beyond the top 3, which remain unchanged—the results differ somewhat from the rankings we’re used to seeing.
Kaiko’s Cryptocurrency Rankings for Q3 2025
Ripple’s XRP takes the lead ahead of SOL and even ETH
The real advantage of this ranking lies in its ability to apply distinct filters to highlight or exclude certain projects based on their actual performance in the relevant area. This perspective can make all the difference when assessing key parameters before investing.
To illustrate this scenario, Kaiko analysts specifically cite the example of the liquidity score applied to the 80 cryptocurrencies included in this report. This allows TRX to enter the top 10, at the obvious expense of LINK, which drops out entirely.
Cryptocurrency rankings based on liquidity score
Regardless of the ranking in question, one key finding emerges from this analysis. Indeed, Ripple’s XRP consistently ranks among the top-performing assets in nearly every scenario, outperforming major direct competitors such as Solana and even Ether (ETH) in terms of liquidity score.
Special mention must be given to DOGE, which, against all expectations, appears among the top assets in all the rankings provided as examples in Kaiko’s publication—whether in the overall ranking (6).
