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Score withheld

BENQI

QI
DeFi, financial protocol weightsMarket-cap rank 937, CoinGecko 23 Oct 2026
STRICT score withheld.Score opens with Pro
Sustainabilitywithheld×0.20–
Transparencywithheld×0.16–
Revenuewithheld×0.24–
Innovationwithheld×0.16–
Communitywithheld×0.10–
Tokenomicswithheld×0.14–
Weights are public.

The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.

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Research, not financial advice. Read the terms.

About BENQI

Analysis of 10 Dec 2025

BENQI (QI) is Avalanche's leading DeFi protocol suite, dominating #1 application by Total Value Locked with approximately $351.91 million December 2025.

Full overviewShow less

The platform operates two core products: BENQI Liquid Staking (sAVAX) with $358.57M market cap and 20M tokens in circulation earning 5.43% APR, and BENQI Markets for lending/borrowing.

Despite this protocol dominance, the QI governance token trades at only $0.00359 with a $25.8M market cap and $1.14M daily volume, down 99.09% from its $0.39 all-time high. Avalanche's Q3 2025 DeFi TVL grew 41.6% to $2.1B, benefiting BENQI's infrastructure position.

Recent catalysts include Kraken listing (July 2025), 95% LTV borrowing via Silo Finance, and planned DAO governance transition beginning late 2025.