Top Rebase Tokens Coins by Market Cap
Rebase tokens are cryptocurrencies that are usually pegged to a certain value, and they control their prices by algorithmically adjusting their token’s circulating supply.
# | Coin | Price | 1h | 24h | 7d | 30d | 24h Volume | Market Cap | FDV | Market Cap / FDV | Last 7 Days | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
250 |
Olympus
OHM
|
$15.56 | 0.9% | 0.7% | 1.7% | 4.0% | $127,579 | $249,572,310 | $339,844,230 | 0.73 | |||
508 |
Ampleforth
AMPL
|
$1.27 | 0.5% | 0.6% | 0.7% | 3.0% | $936,870 | $80,632,710 | $93,923,107 | 0.86 | |||
773 |
Snowbank
SB
|
$241.35 | 0.3% | 0.8% | 0.5% | 3.8% | $11.67 | $38,689,973 | $38,689,973 | 1.0 | |||
982 |
KlimaDAO
KLIMA
|
$1.65 | 0.8% | 3.0% | 16.5% | 51.1% | $389,588 | $24,945,403 | $24,945,403 | 1.0 | |||
2647 |
Rome
ROME
|
$11.36 | - | - | - | - | $50.85 | $1,677,072 | $1,677,072 | 1.0 | |||
3503 |
Base Protocol
BASE
|
$1.14 | 4.2% | 10.0% | 18.8% | 3.7% | $3,649.06 | $549,942 | $803,658 | 0.68 | |||
4786 |
Wonderland TIME
TIME
|
$0.09624 | 0.4% | 9.6% | 2.2% | 17.7% | $135.32 | $86,644.36 | $5,001,892 | 0.02 | |||
4829 |
Seigniorage Shares
SHARE
|
$0.004090 | - | 0.0% | 6.0% | 0.1% | $44.30 | $79,361.62 | $85,890.86 | 0.92 | |||
Ramifi Protocol
RAM
|
$0.008496 | 0.1% | 0.1% | 1.5% | 8.4% | $1.14 | - | $61,279.68 | |||||
Olympus v1
OHM
|
$88.84 | - | - | - | - | $596.93 | - | $24,756,669 | |||||
Orkan
ORK
|
$0.1928 | - | - | - | - | $311.77 | - | $32,014.64 | |||||
HunnyDAO
LOVE
|
$0.004649 | - | - | - | - | $324.82 | - | $332.04 | |||||
Spartacus
SPA
|
$0.05013 | 0.4% | 99.8% | 37.5% | 14.3% | $44.66 | - | $71,593.81 | |||||
Templar DAO
TEM
|
$2.19 | 0.1% | 0.7% | 2.1% | 2.7% | $2,369.72 | - | $1,166,750 |
What Are Rebase Tokens?
Rebase tokens are cryptocurrencies that control their price by adjusting their circulating supply through algorithms. They are usually pegged to a certain value, like stablecoins, but instead of relying on reserves or other stores of value, their monetary policy involves automatically burning or minting new circulating tokens to retain the price peg. This means rebase token holders may experience swings in the number of tokens in their wallet, but the total value of their tokens remains relatively steady.
How Do Rebase Tokens Work?
The process of adjusting the token supply is known as a “rebase,” hence the name "rebase tokens." This process can take place at regular intervals (e.g. daily), and is run by smart contracts, which are programmed with a predetermined formula for adjusting the token supply to maintain the pegged price. However, this means that if there is a bug in the smart contract, there is the possibility of exploits, such as unlimited token inflation.
Rebase Tokens and Smart Contracts
To better understand the risks associated with rebase tokens, it is important to look at their smart contracts. Some rebase tokens use oracles, which are decentralized entities that aggregate data from off-chain data sources and push a single agreed-upon price to the blockchain the rebase token is on. On the other hand, some rebase tokens are still dependent on off-chain mechanisms, such as scripts, to do a rebase.
You can also look into the rebase tokens’ history of smart contract audits, as it adds a layer of reassurance that the protocol is taking the necessary steps to address bugs or flaws that may put users’ funds at risk.