NovoraIR Score
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NOVORA IR SCORE™

The Framework for Crypto IR

A structured methodology for evaluating investor relations practices across crypto protocols. Built for allocators. Built for teams ready for institutional capital.

THE PROBLEM

Crypto protocols generate billions in revenue.
Almost none of them talk to their investors.

Traditional public companies spend millions on investor relations — quarterly earnings calls, annual reports, dedicated IR teams, analyst days. The crypto industry has none of this infrastructure.

Token holders get marketing updates disguised as reports, governance forums with zero metrics, and X threads as the primary investor communication channel. The Novora IR Score™ measures the gap between what exists and what should exist.

Protocols Scored
30+
Liquid tokens only
Highest Score
95
DeFi · Solana
Avg Score
62.8
Median: 62
Last Updated
Apr '26
Monthly cadence
LEADERBOARD

Top Protocols

View Full Rankings →
#
PROTOCOL
SCORE
Δ
CATEGORY
PILLAR BREAKDOWN
1
MET
Meteora
Solana
95
DeFi
19
20
19
18
19
2
SYRUP
Maple Finance
Multi-chain
80
DeFi
18
17
16
16
13
3
DYDX
dYdX
dYdX Chain
79
Perps
17
16
15
15
16
4
LDO
Lido
Ethereum
78
Liquid Staking
17
16
16
14
15
5
JTO
Jito
Solana
73
+6
Liquid Staking
14
13
15
16
15
View All Rankings
FRAMEWORK

Five pillars. One assessment.

Each protocol is evaluated across five dimensions of investor relations quality, weighted equally at 20 points each.

1
Transparency & Reporting
/20 points
2
Token Holder Communication
/20 points
3
Data Accessibility & Analytics
/20 points
4
Narrative & Positioning
/20 points
5
Value Accrual & Tokenomics
/20 points
FOR PROTOCOLS

Know where you stand.
Then improve.

Get your protocol assessed, benchmarked against best-in-class, and receive a concrete IR roadmap built for institutional allocators.