A spot market is referred to assets like forex, crypto, or commodities traded on the spot whenever the buying/selling order is filled. Learn how crypto spot works today!

With an increasing number of institutions beginning to invest in cryptocurrency, it’s inevitable that more users have started to take an interest in it. To begin a journey in cryptocurrency investing/trading, one would typically wish to start with the basics, understanding how to buy and sell cryptocurrencies before moving on to trading.

Spot trading is the most basic and simplest method for trading cryptocurrency. New traders usually start their cryptocurrency trading journey by interacting with spot markets. Compared to investing in crypto, which typically means holding a cryptocurrency for a prolonged period of time, spot trading involves buying and selling a range of cryptocurrencies in an attempt to generate regular short-term profits.

In this article, we’ll explore spot trading.

Spot trading refers to buying and selling cryptocurrencies at the current market price, also known as the spot price, with the intention of immediate delivery of the cryptocurrency traded. “Delivery” in this context refers to the buyer and seller fulfilling their commitment to the transaction, with the buyer offering the payment and the seller offering the cryptocurrency traded.

Spot traders typically buy cryptocurrencies at the current market price with existing capital, hold onto the cryptocurrency for a period of time in hopes of the price increasing so they can eventually sell their crypto to realize a profit. Spot trading is popular among traders, given that they can open short-term positions with low spreads and no expiration date.

 the cryptocurrency spot market. This involves selling a cryptocurrency and repurchasing it when the price decreases.

Taking ownership of the actual cryptocurrencies that are being bought and sold differs from trading derivatives, such as a cryptocurrency contract for difference (CFD), in which the asset traded only tracks the price of the cryptocurrency and doesn’t confer ownership of the cryptocurrency upon traders.

A spot price refers to the present market rate for immediate purchase or sale of a particular asset.

Trading pairs describe assets that can be exchanged for one another. There are two main types of trading pairs in the cryptocurrency spot market: crypto-to fiat pairs (e.g., ETH/USD) and crypto-to-crypto pairs (e.g., ETH/USDT).

 gives traders information regarding the depth of a given market. It displays a real-time list of open buy and sell orders for a selected cryptocurrency. There are two sides to the order book:

An open order refers to unfilled orders that have yet to be executed.

There are different kinds of orders that can be made in a cryptocurrency spot market.

This allows spot traders to prepare spot trades in advance. Users can set the desired price at which they wish to buy or sell the cryptocurrency, known as the limit price. Once the market price reaches that price, the trader’s order will be executed, made possible through conditional agreements that have been specified by the trader.

A market order is executed immediately at current market prices. This order type is used by traders when they wish to complete their trade orders as quickly as possible. Spot traders can make this order easily, without having to enter a price. Once a market order has been executed, a trader can purchase or sell their holdings immediately at the best available spot price.

There is no guarantee that the market price won’t change while the order is being executed, especially given the volatile market conditions of cryptocurrency.

Traders can refer to the transaction history to keep track of the type of orders they’ve made.

Most exchanges charge a transaction fee for each spot trade order. The amount of fees to be paid depends on 

Takers are traders who remove liquidity from the order book. A buyer who inputs a market order is considered to be a taker. A trader whose order is matched immediately with an existing buy or sell offer subjects them to a taker fee.

A maker is a trader who provides liquidity to the market by increasing the market depth of the order book. A maker fee is applied when a trade order is placed in advance with limit orders.

However, not all limit orders are charged a maker fee. For example, when a trader is matched with an order straightaway, they might be charged a taker fee instead. To ensure that a maker fee is charged, traders can place a limit order so they won’t be matched with an order immediately even when the terms are met.

Differences Between Spot Trading & Margin Trading

In spot trading, traders purchase cryptocurrencies with the capital they have available, fully possessing the asset once the trade has been executed. 

, traders borrow capital from a third party to complete the purchase of cryptocurrencies. This allows margin traders to purchase larger quantities of cryptocurrencies or enter larger trading positions, resulting in the potential for more significant profits. However, this is considered riskier as a losing margin trade could potentially amplify the losses and cost margin traders more than their initial capital.

In addition, margin traders are required to consistently meet their margin requirements to avoid receiving a margin call, which could cause the trader’s assets to be sold off. Margin traders are thus required to constantly keep an eye on their trades. In addition, the costs of a margin loan can pile up, rendering the need for margin traders to trade in shorter time frames more often as compared to spot trading.

Differences Between Spot Trading & Futures Trading

With spot trading, cryptocurrencies are purchased with immediate delivery and spot traders will own the underlying asset. Afterward, spot traders generally wait for the price of the cryptocurrency to increase before taking profit.

, on the other hand, don’t own the underlying asset; they merely own a contract which represents the cryptocurrency’s value. In futures trading, both the buyer and seller agree to trade a certain quantity of cryptocurrency at a specific price in the future, which is then locked in the contract until the transaction is completed at a later date. When the contract matures on the predetermined date, the buyer and seller come to a settlement.

The main difference between spot trading and futures trading lies in the use of leverage. Futures trading allows for the use of leverage, so that futures traders can enter a larger position even if they have a lower account balance.

Spot markets, also known as cash markets since traders make payments up-front, are available for a wide range of asset classes. These include stocks, bonds and the foreign exchange (forex) market. NASDAQ and NYSE (New York Stock Exchange) are two of the most popular spot markets.

To understand how the spot market works for cryptocurrency spot trading, let’s take a look at a BTC/USDT spot trading pair.

Buyer A, with 1,000 USDT, puts in a buy order for an equivalent amount of BTC at the unit price of $42,000. Buyer A will be matched with Seller B, who offers BTC in exchange for USDT at Buyer A’s desired price. Once Buyer A and Seller B have agreed on the price, the order will be executed and filled immediately.

Spot markets are commonly affected by market sentiment, and spot prices for nearly all cryptocurrencies fluctuate wildly. Therefore, understanding 

There are different types of spot markets for cryptocurrencies, which we’ll discuss in the next section.

Spot trading occurs in two major types of spot market: Exchanges and over-the-counter (OTC) trading.

Exchanges are platforms where market demand and supply are aggregated, allowing spot traders to buy or sell cryptocurrencies quickly at market price. In cryptocurrency spot markets, there are two distinct exchanges: centralized exchanges (CEXs) and decentralized exchanges (DEXs).

 acts as an intermediary between spot traders and cryptocurrencies, functioning as a custodian and managing the traded cryptocurrencies. CEXs provide an order book, which will provide spot traders information with regard to the amount of cryptocurrency available for sale, and also the market demand for a cryptocurrency. This is useful for gauging the market liquidity available for trading.

CEXs grant spot traders access to fiat-crypto trading pairs. To begin spot trading, users simply have to deposit either fiat or crypto into their account.

There are certain responsibilities specific to CEXs:

Since CEXs offer the above functionalities and services for users, spot trading on CEXs often involves transaction fees. Fees are also charged for listing and other trading activities. Thus, CEXs can profit regardless of the market state as long as they have sufficient trading volume and users.

This type of exchange is most commonly used for cryptocurrency trading. 

 have similar functionalities and services as CEXs. However, the greatest difference lies in that there are no intermediaries involved in DEXs. The matching of buyers and sellers is achieved through blockchain technology, where smart contracts with predetermined rules are used to execute trades directly from a trader’s wallet. With self-executing codes, traders are able to transact without needing to trust an intermediary to complete the trade for them. Similarly, the traded cryptocurrency doesn’t need to be held in custody by the CEX, giving traders full ownership of the cryptocurrency.

When using DEXs, traders aren’t required to create an account, and can bypass the KYC process. This provides users with a lot more privacy and freedom, allowing them to trade directly with others. However, the tradeoff is that should there be any technical issues, the lack of KYC and customer support leave the trader largely stranded.

Some DEXs use an order book model, similar to that of CEXs. A more recent development within the space is the automated market maker (AMM) model, such as that of Uniswap and PancakeSwap. AMMs use a formula to determine prices and make use of 

Spot trading can be carried out through OTC trading or P2P trading, with each carrying its own benefits.

OTC trading is considered to be off-exchange, as the buyer and seller transact directly, without any third party or trading platform overseeing their trade. The buyer and seller aren’t using an order book, and instead can choose to transact any cryptocurrency at any price that they both deem fit, even if it's below or above market price.

OTC trading is popular among spot traders for the following benefits:

, particularly for cryptocurrencies with lower liquidity such as small-cap cryptocurrencies. This results in spot traders being unable to fill their order at the price desired. OTC trading bypasses the order book, letting spot traders fill their trade positions without experiencing high slippage.

Since OTC traders are transacting off-the-market, they can trade a large amount without worrying about causing volatility that would result from trading in an open market.

Spot trading allows users to hold tokens for up to multiple years. It’s thus used by many traders to dollar-cost average (DCA) their favorite cryptocurrencies. Note that profits only become “real” when cryptocurrencies are “moved,” meaning converted to fiat currency or stablecoins. It’s also at this point that cryptocurrencies become taxable, but they can be held indefinitely before they’re taxed.

If you’re interested in trading the spot market with Bybit, the following is a step-by-step guide to help you get through the process.

. Register on Bybit web or Bybit App, and do the KYC verifications to unlock a higher trading volume, higher deposit and withdrawal limits.

2. On the left dropdown icon, hover your cursor and you will see all supported Spot trading pairs, along with the Last Traded Price and the 24-hour change percentage of the corresponding trading pair.

Beginner

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What Is a Spot Market for Crypto Trading?

Test Token (TST) was originally created during a video demonstration by the BNB Chain team, but inadvertently became a meme coin on the BNB chain.

The crypto market is no stranger to bizarre and unpredictable trends, especially in the meme coin space. 

) was created as a joke but became the largest meme coin, reaching a market cap of over $69 billion at its peak. 

On Feb 6, 2025, the market witnessed another addition to this phenomenon with the Test token (TST). TST was originally created during a video demonstration by the BNB Chain team, but inadvertently became a meme coin on BNB chain, reaching a peak market cap of $489 million. In this article, we’ll explore TST’s origin and its accidental rise to fame, and see where the token can be traded.

On Feb 5, 2025, the BNB Chain team published a step-by-step tutorial video for a 

-like platform called four.meme. This platform was designed to simplify the process of creating and launching meme coins on BNB Chain. As part of this video tutorial, the BNB Chain team created and launched a coin called Test with the TST ticker. The token was never meant to be publicly available for trade. For this reason, most of the video didn’t show the name of the coin or the ticker. However, at one frame at 1 minute 18 seconds, the name became visible. 

This unintentional exposure caught the attention of Chinese crypto influencers and traders, who quickly began promoting and trading TST. A new narrative was created that Binance has launched its own meme coin. The video quickly went viral, and the market cap of the TST token reached nearly $500K. 

The BNB Chain team quickly distanced themselves from the coin, explaining that it wasn’t meant to be a meme coin, but just an example demonstrating to viewers how to create new tokens. The BNB Chain team also deleted the video and the private key to the tutorial wallet. This, however, did little to quell the TST mania, as the token continued to rise both in market cap and user trading volume. 

On Feb 6, 2025, Changpeng Zhao, former CEO of Binance and known as “CZ,” took to X to 

. He clarified that the token was purely educational, with no official backing from Binance or the BNB Chain team. However, he also informed the crypto community that he has asked the tutorial video to be reposted, as the information was already out in the open. This post was interpreted as tacit approval by many traders, leading to another sharp increase in the price and market cap of the TST token. Over the next two days, its market cap rocketed from less than $10 million to $186 million. 

On Feb 9, 2025, Binance announced that it would list TST on its spot exchange at 11:00AM UTC that same day. This led to another round of frenzied buying, pushing TST’s market cap to nearly $500 million. That same day, CZ 

, in which he defended his stance on meme coins, reiterating that he doesn’t buy or hold any meme coins in his portfolio. 

As of Feb 11, 2025, the token has given back most of the gains that followed the Binance listing announcement, and its market cap is currently valued at around $155 million. 

Despite Binance and CZ’s clarification, TST went on a tear. The frenzy following the announcement of Binance’s listing also created windfall returns for early buyers. According to DEX Screener, the 

 have realized profits of $2.60 million, $2.30 million and $1.70 million, respectively. TST is another example of the way in which meme coins can be driven entirely by attention. Whether it’s deliberate or accidental seems to be irrelevant.

Ultimately, the story of the Test (TST) token is a microcosm of the crypto market’s contradictions: a demo token turned speculative asset, fueled by community hype and amplified by mentions from influential figures such as CZ — even if the mention wasn’t an endorsement.

For those who want to trade this new meme coin, Bybit just launched the TSTBSCUSDT Perpetual contract with up to 50x leverage. You can find more details in the 

. As with any investment in a meme coin, exercise caution in the volatile crypto market, never invest more than you can afford to lose — and 

Intermediate

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Test Token (TST): BNB Chain Demo Token Turned Meme Coin

In our latest Learn 101 livestream session, crypto experts shared insights on Bitcoin's next move and the potential for an altseason.

Given Donald Trump’s implementation of 

 on countries around the world, markets have been shaken. This extends to the crypto market. Many investors wonder if Bitcoin’s current decline is the start of a trend, and perhaps 

 provides a recap of our Learn 101 livestreams, offering you comprehensive expertise and insights from leading figures in the crypto industry, in case you miss the livestream.

Joining the livestream on Feb 12, 2025, were three distinguished guests: 

Under the moderation of Racheal Koh, Global Content Marketing at Bybit, this episode explores the impact of Trump’s tariffs on Bitcoin and the potential for an altseason.

Trade War Domino Effect: Did Bitcoin Just Get Caught in the Crossfire?

Donald Trump’s new tariffs have impacted global markets, and with 

 still trading below $100,000, the crypto markets appear to be feeling the strain as well. When asked if the market is overreacting, Bene Lee reminds us that the crypto space has historically seen worse sell-offs. He believes hedge funds are likely off-loading risk in response to market uncertainty. While this short-term reaction may seem exaggerated, it’s economically justified.

Eamonn Gashier cautions traders against reading too much into the current price movements. He notes that crypto often moves in tandem with U.S. hedge funds — when the funds shift, crypto prices follow. The tariffs are acting as a headwind for crypto, as they do for other risky assets. Gashier also points to regulatory developments and supply-demand dynamics as key drivers of Bitcoin’s value. Looking beyond the short-term noise, he views Bitcoin as a solid hedge against inflation in the medium-to-long term.

 over longer time horizons. In the short term, however, equity market trends will likely dominate Bitcoin’s price action, leading to volatility — but with an expected upward trend over time. He also highlights the concept of "sticky money" from institutional investors — capital that moves slowly, but signals strong market conviction. According to Gashier, institutional inflows and outflows can be a reliable indicator of market direction.

When asked if the current tariff situation signals a major market shift or just another bump in the road, Andrew Melville compares crypto to "the little train that keeps on going," pointing to ongoing interest from corporations, institutions and pension funds in adding crypto to their investment strategies. He notes that Bitcoin’s price movements are increasingly correlated with tech stocks and the broader S&P 500.

Melville believes it’s too early to determine whether traders should retreat due to increased risk, especially given the current U.S. regulatory environment — which, he notes, is far more favorable to crypto than it was during the 

. As a result, he sees today’s market conditions as distinct from those of 2022.

Lee adds that retail investor sentiment and outflows are major drivers of emotional trading behavior. Gashier follows up by noting that crypto sometimes behaves more like a currency than an asset, making 

 especially difficult. However, he advises watching for signs of a longer downward trend, such as Bitcoin’s correlation with equities, sustained institutional activity and shifts in regulatory policies.

The Alt Season Question: Is Capital Rotating Away from Bitcoin?

Historically, when Bitcoin declines, capital often flows into Ethereum (ETH) before reaching riskier altcoins. Melville emphasizes that the 

: when money exits high-risk projects, it typically returns to Bitcoin. He shares a chart indicating that, based on past cycles, Bitcoin is overdue for a shift into a bear market. However, he notes that this cycle may deviate from previous patterns, due to significant market changes in recent years.

Lee highlights altcoin season as a key risk indicator, explaining that understanding its phases can help traders adjust their strategies for maximum gains. Currently, Ether and altcoins are showing limited movement. He attributes this to institutional investment propping up Bitcoin’s price, which is delaying the typical capital rotation into altcoins.

Melville adds that Ether has underperformed during the current cycle, which could stem from two factors: increased institutional focus on Bitcoin, and competition from high-performing 

Gashier reinforces this view, pointing to Ethereum’s high transaction fees and the emergence of more efficient alternatives as key reasons for its lagging performance. He notes that the market has matured, and price movements are now more fundamentally driven than before. While history may not repeat itself exactly, Gashier reminds us that it often echoes.

How to Trade Smart in an Uncertain Market

Melville emphasizes the importance of recognizing the shift into an altcoin market. To do this, he advises closely monitoring the performance of altcoins relative to Bitcoin, as these trends often signal the start of a broader market rotation. He also notes that narratives typically emerge before major market moves, but cautions against buying into them too early without supporting data.

, recommending that traders scale into positions gradually, rather than investing all of their capital at once. He also suggests considering 

 to effectively manage risk, based on individual experience and skill level. Additionally, he stresses the importance of portfolio balance, particularly in uncertain markets.

Drawing from personal experience, Lee warns against chasing hype during the start of an altcoin season. Instead, he advises conducting thorough research and making decisions based on both fundamental and technical analysis, focusing on high-quality projects. He reminds traders that, regardless of the project, long-term success comes from staying in the market, rather than attempting to time it perfectly.

This Learn 101 livestream provides valuable insights into 

 Our experts agree that it’s still too early to determine whether we’re entering an altcoin season, or if Bitcoin is simply facing a temporary setback. In order to navigate the market effectively, stay sharp — and monitor key trends and indicators to make informed, strategic trading decisions.

Bybit Learn Tariffs vs. Bitcoin: What's Next? featured image

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Learn Live ICYMI: Decoding Bitcoin’s Next Move Amid Trade Tensions

Akash, the top blockchain in on-chain fees, is scaling GPU supply while optimizing utilization and fees per GPU to sustain growth.

Last Friday, the S&P 500 showed mixed signals, with buy signals from the put-call ratios, but weakened market breadth and low volatility, indicating uncertain momentum. Gold prices are lower around $2,880 due to profit-taking and a delay in Trump's tariff plans. However, rising trade tensions and a weaker USD may support gold, with potential for safe-haven demand if trade tensions escalate. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 1.33%, with Bitcoin and Ether rising by 0.04% and 0.12%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is XION (XION), which surged 23.5% after XION and EigenLayer Unite to Advance AVSs for Next-Gen Consumer Apps.

XION (XION), launched in December 2024,  is a Layer 1 blockchain that removes technical barriers, making blockchain apps as easy to use as websites. XION and EigenLayer are 

 to enhance the integration of Autonomous Verifiable Services (AVSs), aiming to power the next generation of consumer-facing applications.

Check Out the Latest Prices, Charts, and Data of 

Akash, the top blockchain in on-chain fees, is 

 GPU supply while optimizing utilization and fees per GPU to sustain growth. Key initiatives include utilization guarantee incentives, smart financing for AI companies, an improved provider product suite, aggressive demand generation, and expanding beyond resource leasing into value-added services like inference and vector database hosting. With a focus on attracting millions of data centers and transitioning to a services economy, Akash aims to revolutionize decentralized computing and drive broader adoption.

From February 10–14, 2025, BTC spot ETFs saw a net outflow of $580.2M, with GBTC losing $107.1M and non-GBTC ETFs losing $473.1M. However, the cumulative total remains positive at $40.1B, driven by $62.1B inflows into non-GBTC ETFs, offsetting $22B in GBTC outflows.

Sapien AI, a crowdsourced AI development platform backed by $15.5M in funding, has launched a 

 through its Sapien AI Points Program, where users earn points by completing tasks that convert into tokens at TGE. With strict anti-bot measures, only a limited number of users may qualify, making this a high-value opportunity. Participants can also earn USDC rewards by linking their wallet and completing daily tasks. To join, users must log in with an EVM wallet, connect social accounts, and actively engage to maximize their rewards.

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Akash’s Path to Scaling GPU Supply and Building a Decentralized Compute Economy

These top NFT rarity tools complete with additional analytics will take away the hassle of having to calculate your NFT's rarity score, letting you know the true value of your NFT investment.

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 are the art of the digital world, with value tied to each piece of work. The very first released NFT collection, 

, has several NFTs within that are actually worth millions. CryptoPunk #5822 is the 

 within the collection, sold in February 2021 for $23.7 million. 

As an investor, you may be wondering, what makes certain NFTs priced higher than the rest, especially when they all come from the same collection? In an attempt to provide an objective way of defining an NFT’s worth, the industry has come up with the concepts of rarity scores, rankings, and tools. In this article, we cover everything related to this topic.

 of an NFT has always been difficult to estimate objectively. Similar to traditional works of art, NFTs are unique items. As such, determining a fair market value for an NFT is not among the easiest tasks. If an NFT is created by a famous artist, it may be easier to determine its value, but if you’re looking at an NFT collection such as Azuki, how exactly do you decide which 

This is where the concept of NFT Rarity comes in. The rarity of an NFT within a collection is typically derived based on the rarity of its components/traits.

There is no single NFT Rarity Score calculation method that could be considered an “industry standard.” Different NFT platforms may have their own calculation methods.

There are, however, several common rarity score calculation approaches. Below, we briefly outline the four most frequently used among these.

Every NFT is typically made up of several or many traits, also referred to as features or attributes. The rarest trait method is pretty simple – it assigns a rarity rank to an NFT based on its rarest trait. The rarer that leading trait is, the higher the overall rarity rank.

At first sight, it seems logical to base the rarity on an NFT’s champion trait. However, this method only looks at the rarest trait of an NFT without a deeper look at each individual rare trait, which can make the calculation flawed. For instance, an NFT with many quite rare traits will be deemed less valuable under this method than another NFT that features only a single extremely rare trait and a bunch of very common traits.

This method is based on a simple average of all the individual traits. For instance, if an NFT has two traits, with trait one having an average trait rarity of 20% and trait two having an average trait rarity of 10%, the overall average rarity for the NFT will be 15% ([20% + 10%] / 2). Yet, this method is also limited in that it only looks at the overall trait rarity without considering the rarity of a single trait.

Another calculation method is based on the statistical rarity of each trait in an NFT which is computed by multiplying the individual traits’ scores. An NFT with two traits, one with a 20% rarity and the other one with a 10% rarity, will have an overall score of 2% (20% * 10%) under this method. Like the average traits method, it also overemphasizes the total rarity of traits.

 is one of the leading NFT rarity ranking and scoring platforms. To overcome the limitations of the above calculation methods, its founder has a way of calculating NFT rarity ranking which takes into consideration both single traits and overall traits, known as the 

. Using this method, first, you will determine a score for each trait individually based on the formula below:

[Rarity Score for a Trait Value] = 1 / ([Number of Items with that Trait Value] / [Total Number of Items in the Collection])

You then sum up all the individual scores to arrive at the overall NFT rarity score. The higher the number, the rarer and, thus, more valuable the NFT is. 

In late 2022, there is no shortage of NFT ranking and scoring platforms that can help you decide on the rarity of an NFT without you having to do your own calculations. These platforms are often referred to as rarity tools. Below, we will cover the 17 best rarity tools in the market. 

 is among the pioneers of NFT scoring platforms.  Launched in April 2021, the website was initially dedicated to a small number of the most popular NFT collections at the time, including the ubiquitously known CryptoPunks and 

 (BAYC). By now, it has grown into a leading rarity tool platform, with more than a thousand collections listed.

For each NFT, the platform shows the overall rarity score and individual rarity scores per trait. You can filter NFTs within a collection by price and rank.

If you are interested in buying an NFT, rarity.tools directs you to two popular Ethereum 

 is another highly popular NFT ranking tool with all the standard features for filtering and sorting items within a collection by rank position and price. It supports NFTs across Ethereum, 

 and more. There are close to 2,000 collections currently listed on the platform. You can also head to its 

 for instant filtering of NFT stats through its bot.

The platform supports a relatively high number of NFT marketplaces, where you are redirected for purchases. Support for a specific marketplace depends on the actual NFT collection. Marketplaces linked to Rarity Sniper include OpenSea, LooksRare, X2Y2, Rarible, Gem.xyz, and OKX NFT Marketplace.

 is a platform that accesses and scores NFT collections within seconds of the initial information release on the blockchain. True to its name, the platform also sniffs out information on upcoming NFT collections. If you need the most up-to-date, rapid access to NFT scores, give this rarity tool a try. 

Their website claims to have over 10,000 NFT collections listed. At the moment, Rarity Sniffer is limited to Ethereum only and directs you to OpenSea for purchases.

 blockchain. The platform uses the statistical rarity methodology to score NFTs and prides itself on not using any convoluted or hidden calculation methods.

Within an NFT collection, you can order items by rarity score, date of minting, and date of any changes made to them. Noticed the absence of ordering by price? This feature is not available on MoonRank simply because the platform doesn’t link to any marketplace that lists NFTs for sale. MoonRank limits itself to being a ranking tool only, with no affiliation to any NFT trading platform. The tool sources NFT data directly from the Solana blockchain.

 is another popular Ethereum-based NFT rarity scoring platform. In fact, Icy.tools is much more than simply a rarity score tool – it is a comprehensive NFT analytics environment. For each NFT collection and item listed on the website, you may find detailed info on sales history, volumes, floor prices, market caps, and more. However, you will need to sign up for a premium account to get access to all of its features.

Icy.tools sources NFT data from the Ethereum blockchain and from the OpenSea marketplace. In addition to OpenSea, depending on the collection, the platform might also link to other marketplaces to facilitate NFT purchases. These include Infinity, LooksRare, Genie (which was acquired by 

 is another comprehensive NFT analytics tool that features much more than just rarity scores. You can use the platform to track, compare, and analyze NFT collections. The tool sources its NFT data largely from the OpenSea marketplace. Like Icy.tools, the features are mostly only accessible with a premium account.

Based on their rarity scores and rankings, NFTs analyzed by the platform are divided into six rarity segments, from the rarest to the most common - Mythic, Legendary, Epic, Rare, Uncommon, and Common.

 blockchain. The platform has a simple interface featuring about 1,000 collections, a very respectable number for a tool that services Cardano, a chain with a considerably younger and less developed ecosystem compared to Ethereum’s.

You may sort NFT collections on the website by 7-day sales volumes, number of items within collections, and floor prices. For NFT purchases, CNFT Tools connects you to various Cardano-based NFT marketplaces like 

 is another Solana-focused rarity tool. The platform features more than 4,000 collections, which is one of the widest selections for a Solana rarity tool. NFT Sniper has a release calendar where you can track upcoming collection releases.

NFT Sniper is a great platform for creators as well, with services that help you manage and promote your new collection. For instance, you can use the Rarity Preview Checker to see how items in your new collection will be ranked. Another useful product, Rarity Checking Bot, lets you set up an automated option in your Discord channel to let users look up NFT rarities with a single command.

 is one of the largest and best-known crypto data portals. It ranks NFTs according to factors like volume, number of traders, and sales, which informs you of the market conditions in an instant. The platform has also launched a portfolio tracker for you to monitor Ethereum-based NFTs in your wallet and an NFT Value Estimator tool that lets you quickly get a price estimate for an NFT.

Despite DappRadar’s wide reach in terms of blockchains covered - the website has access to 

 tool is still limited in terms of collections covered. As of now, only a few dozen Ethereum-based collections, typically the most popular ones, are included. The search by URL function is capable of sourcing information only from one marketplace – OpenSea. However, it is possible that in the future the DappRadar team will integrate the platform’s vast reach into the NFT Value Estimator, and we will see more chains and marketplaces included in the tool.

 is a website that provides scores and rankings for NFTs from two popular platforms – Ethereum and Polygon. RankNFT links to two large marketplaces – OpenSea and LooksRare.

As of the time of writing, the platform lists nearly 3,000 collections, about 2,300 from Ethereum and over 500 from Polygon. The majority of the leading collections on the market, such as CryptoPunks, BAYC, Azuki, and Clone X – X Takashi Murakami, are represented on the platform.

 is a rarity tool that specializes in scoring and tracking rare NFT collections. The platform sources NFT data from Ethereum and the OpenSea marketplace.

NFTSniff does a very good job of quickly capturing and listing information about new NFTs. Most of the information becomes available within seconds of a collection’s release.

Similar to the majority of other rarity tools on the market, NFTSniff has a paid premium version where you can access a lot more analytics than in the free version, such as scanning for rarity, reveal alerts, and mint alerts.

 is a leading NFT valuation tool in the market for those who want to manage the NFTs that they own. Through NFTBank, you get to create your own portfolio where you can find out your ROIs and even 

For every NFT on the platform, you can see estimated prices, floor prices, rarity rank and score, and more, which can help you glean further insights on an NFT you are interested in. The tool supports Ethereum-based NFTs.

 is a rarity tool that analyzes and scores NFTs on three blockchain networks – Solana, 

. The platform currently has nearly 1,300 collections from Solana, 88 collections from NEAR Protocol, and 29 collections from Aptos.

HowRare gives you the option to view NFT scores based on three different calculation methods – trait normalized, statistical, and a proprietary method developed by the platform. This is useful if you want to see NFT scores based on some standardized, widely available methodology rather than a proprietary 

 is among the largest NFT data aggregators in the industry. The website lists NFT sales and ranking data that covers dozens of blockchain platforms, including all the leading ones. By the sheer number of chains included, CryptoSlam is the undisputed leader in our list. However, CryptoSlam is not a specialized NFT rarity tool. Rather, it acts as a generalized NFT data aggregator.

Among the rich set of NFT analytics provided by CryptoSlam, you can get collection rankings, though rarity scores are not available. If rankings, rather than absolute scores, are what you are after, CryptoSlam could be a great resource thanks to its massive breadth of coverage.

 is an NFT tracking and analytics tool with a diverse range of functions. As part of its suite of services, Moby provides NFT ranking and scoring data. However, Moby is much more than just rarity scores or ranks. With a premium subscription, you will receive detailed information on Ethereum-based NFTs such as sales volumes, prices, transactions, mint events, and even whale statistics.

The rich insights offered by Moby are sourced by scanning the Ethereum blockchain as well as two leading marketplaces – OpenSea and LooksRare.

is a discord bot and website for checking the rarity of your NFT within its collection. This tool is useful for the NFTs you own. RarityMon will quickly analyze your NFT and provide detailed ranking information, both overall and by each trait. You will know where your NFT stands in the collection by each specific trait, categorized according to four levels – common, rare, epic and legendary.

A great feature of this tool is access to a variety of blockchains to analyze collections. RarityMon currently supports NFTs on Ethereum, Solana, BNB Chain, Polygon and Cardano.

 is a relatively small NFT rarity tool. It is based on an NFT rarity calculation method programmed by a developer who runs this project as a one-man setup. The website claims that its rarity score algorithm helps arrive at an “objective” rarity ranking of an NFT.

Trait Sniffer focuses on Ethereum NFT collections. It calculates a rarity score within seconds of a collection’s metadata having been released on the chain. The website provides access to its NFT rarity scores based on paid membership.

Since this is a small project run by a single individual, the website owner has limited the number of paid subscribers they can serve to 100. As of the time of writing, there are 99 subscribers registered on Trait Sniffer, just one shy of the maximum limit. This tool might be a good additional choice if you like the feeling of being part of a small, exclusive community. However, Trait Sniffer is probably not the optimal choice as your main NFT rarity tool due to its limited size and scale of operations.

Some of the NFT rarity tools we have covered are the niche leaders, where users flock to get the most reliable scores and rankings. Others have more specialized uses besides mere scoring such as the inclusion of a detailed pricing data, while some are useful for your own NFTs. Do note, however, that the field of NFT scoring and ranking is fast-changing, with new providers and methodologies popping up left, right, and center. Thus, keep an eye on the space for updates and new platforms. For now, happy scoring!

Top 17 Rarity Tools To Check Your NFT Rarity Score

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