Block’tivity proposes its own Activity Valuation Index of blockchain platforms.
“Activity Valuation Index takes the Bitcoin market cap and the number of transactions (Tx) per day and makes it an index set to “1”. Then, it varies with the other blockchains data. The index grows when the blockchain is very active and its market cap is low. A blockchain with the same amount of Tx as Bitcoin but with only half of its market cap would have an AVI of 2. From the investor point of view, it would be twice as valuable as Bitcoin because it would have the same level of activity with only half the market cap”
As can be seen from the picture, the list is dominated by low cap projects most of which are not in the top 100 of CMC. The exceptions are EOS which is ranked 8th, Stellar ranked 14th, Steem ranked 74th and BitShares ranked 88th.
Leaders are Kin, Golos, and Te-food