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Thanos index
Utility token all-time high market caps, 2021 to 2026 📊
2021: First utility wave
ADA $95B
DOT $54B
AVAX $32B
UNI $23B
LINK $23B
MATIC $21B
2022: Last highs, then collapse
LUNA $41B (then went to near zero)
NEAR $13B
2023: Rebuild
No large-cap utility token set a new record
2024: New narratives
TRX $38B
TON $20B
RENDER $5.3B
INJ $4.9B
TAO $4.8B
2025: Majors set records
ETH $597B
XRP $216B
BNB $191B
SOL $142B
SUI $16B
2026 so far: Revenue and privacy
ZEC $26B
HYPE $22B
XMR $15B
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