/ THE CONVICTION INDEX™ · VOLUME I · Q2 2026
Which digital asset earns your conviction?
A rating system for every major digital asset, token, and protocol. 58 assets rated across five dimensions — Protocol Security, Governance Decentralization, Liquidity, Adoption & Utility, and Regulatory Posture. Sourced from public onchain data, audited reserve attestations, SEC filings, PACER court records, and Rise Capital's proprietary research framework. Updated quarterly.
Grade
Asset
Score
Risk Band
A
Bitcoin (BTC)
L1 Blockchain · BTC
94/100
Excellent
→
A
Ethereum (ETH)
L1 Blockchain · ETH
92/100
Excellent
→
A-
Solana (SOL)
L1 Blockchain · SOL
89/100
Excellent
→
B+
Avalanche (AVAX)
L1 Blockchain · AVAX
83/100
Good
→
B+
Sui (SUI)
L1 Blockchain · SUI
84/100
Good
→
B-
Aptos (APT)
L1 Blockchain · APT
76/100
Good
→
B
NEAR Protocol (NEAR)
L1 Blockchain · NEAR
78/100
Good
→
B
Polkadot (DOT)
L1 Blockchain · DOT
77/100
Good
→
B
Cosmos (ATOM)
L1 Blockchain · ATOM
76/100
Good
→
B-
Cardano (ADA)
L1 Blockchain · ADA
74/100
Good
→
A-
Arbitrum (ARB)
L2 Scaling · ARB
87/100
Excellent
→
A-
Optimism (OP)
L2 Scaling · OP
86/100
Excellent
→
A-
Base
L2 Scaling · No token (Coinbase L2)
88/100
Excellent
→
B+
Polygon zkEVM / Polygon PoS
L2 Scaling · POL (formerly MATIC)
83/100
Good
→
B
zkSync Era
L2 Scaling · ZK
78/100
Good
→
B
Starknet (STRK)
L2 Scaling · STRK
77/100
Good
→
A-
Uniswap (UNI)
DeFi · DEX · UNI
89/100
Excellent
→
A-
Aave (AAVE)
DeFi · Lending · AAVE
88/100
Excellent
→
A-
Lido (LDO / stETH)
DeFi · Liquid Staking · LDO · stETH
87/100
Excellent
→
B+
MakerDAO / Sky (MKR / USDS)
DeFi · Stablecoin · MKR · SKY · USDS
83/100
Good
→
B+
Curve Finance (CRV)
DeFi · DEX · CRV
82/100
Good
→
B
Compound (COMP)
DeFi · Lending · COMP
78/100
Good
→
B+
EigenLayer (EIGEN)
DeFi · Restaking · EIGEN
82/100
Good
→
B+
Rocket Pool (RPL)
DeFi · Liquid Staking · RPL · rETH
83/100
Good
→
B
Pendle Finance (PENDLE)
DeFi · Yield · PENDLE
78/100
Good
→
B
dYdX (DYDX)
DeFi · Derivatives · DYDX
77/100
Good
→
A
USDC (Circle)
Stablecoin · USDC
92/100
Excellent
→
C+
USDT (Tether)
Stablecoin · USDT
67/100
Mixed
→
B+
DAI (MakerDAO / Sky)
Stablecoin · DAI
83/100
Good
→
B-
USDe (Ethena)
Stablecoin · USDe · sUSDe
74/100
Good
→
B
PYUSD (PayPal USD)
Stablecoin · PYUSD
78/100
Good
→
B+
Coinbase (COIN)
CeFi · Exchange · COIN (NASDAQ)
85/100
Good
→
B+
Kraken
CeFi · Exchange · Private (S-1 filed 2025)
83/100
Good
→
B
Gemini
CeFi · Exchange · Private
78/100
Good
→
C-
Binance
CeFi · Exchange · BNB (token); private equity
54/100
Mixed
→
C+
OKX
CeFi · Exchange · OKB (token)
67/100
Mixed
→
C
Dogecoin (DOGE)
Memecoin · DOGE
62/100
Mixed
→
D
Shiba Inu (SHIB)
Memecoin · SHIB
42/100
High Risk
→
D
PEPE
Memecoin · PEPE
40/100
High Risk
→
F
Terra Luna / UST (Defunct 2022)
Defunct · LUNA · LUNC · UST
12/100
Critical
→
F
FTX / FTT (Defunct 2022)
Defunct · FTT
8/100
Critical
→
F
Celsius / CEL (Defunct 2022)
Defunct · CEL
15/100
Critical
→
F
SafeMoon (Defunct)
Defunct · SAFEMOON
9/100
Critical
→
A
BlackRock iShares Bitcoin Trust (IBIT)
BTC ETF · IBIT (NASDAQ)
92/100
Excellent
→
A-
Fidelity Wise Origin Bitcoin Trust (FBTC)
BTC ETF · FBTC (Cboe)
89/100
Excellent
→
B+
Grayscale Bitcoin Trust ETF (GBTC)
BTC ETF · GBTC (NYSE Arca)
83/100
Good
→
B
Bittensor (TAO)
AI · Crypto · TAO
78/100
Good
→
B-
Render Network (RENDER)
AI / GPU · Crypto · RENDER (formerly RNDR)
76/100
Good
→
B-
Akash Network (AKT)
AI / GPU · Crypto · AKT
74/100
Good
→
B+
Ondo Finance (ONDO)
RWA Tokenization · ONDO
83/100
Good
→
B-
Maple Finance (SYRUP / MPL)
RWA · Lending · SYRUP
76/100
Good
→
B-
Centrifuge (CFG)
RWA Tokenization · CFG
74/100
Good
→
B-
Helium (HNT)
DePIN · Wireless · HNT · IOT · MOBILE
74/100
Good
→
B-
Hivemapper (HONEY)
DePIN · Mapping · HONEY
75/100
Good
→
B-
Filecoin (FIL)
DePIN · Storage · FIL
75/100
Good
→
C+
Monero (XMR)
Privacy · XMR
68/100
Mixed
→
D+
ApeCoin (APE)
Gaming / NFT · APE
48/100
High Risk
→
C
The Sandbox (SAND)
Gaming / NFT · SAND
58/100
Mixed
→
The right cap-table compounds. The wrong one collapses.
Every protocol claims best-in-class security. Every exchange claims regulatory alignment. Every memecoin claims utility. The Conviction Index makes the actual quality dispersion visible — so institutional allocators can build digital-asset portfolios on conviction, not on hype.