
Top 10 Crypto Market Makers
The 10 best crypto market makers in 2026 for token projects, ranked on venue reach, model transparency, track record, and fit, with pricing models and the red flags that cost founders.
Written by
David
Head of Operations
Published August 27, 2026

How to become the source an AI answer is built from, when ranking no longer sends the click
Ranking first no longer means what it used to. When an AI Overview appears on a Google result, Ahrefs measured the top organic click-through rate falling from 1.41 percent to 0.64 percent, a roughly 54 percent loss on the position everyone fights for, and searches that trigger an AI Overview now run an 83% zero-click rate. The person got their answer. They just got it from the AI, not from your page.
Getting cited by an AI is not one trick; it is three layers that stack, and a gap in any of them keeps you out of the answer. We call it the Citation Stack, and you build it from the bottom up.
The Citation Stack for crypto AEO: retrievability, citability, and authority, built from the base upRetrievability gets you eligibility. Citability gets you quoted. Authority gets you quoted repeatedly and by name. Skip the bottom, and you are invisible; skip the top two, and you are retrievable but never the source. Most crypto projects have done some SEO, which is half of Retrievability, and almost none of the rest.
The alphabet soup hides a simple split, and knowing which one you are optimising for changes what you do.
Term | What It Targets | The Win |
SEO | Ranking blue links in Google | A click from the results page |
AEO | Direct answers: featured snippets, AI Overviews | Being the answer, cited or not |
GEO | Citations inside AI assistants | Being quoted by ChatGPT, Perplexity, Gemini, Claude |
AIO | AI-optimised content broadly, an umbrella term | Visibility across all AI surfaces |
SEO still matters, because most engines retrieve from a search index, but it is now the foundation rather than the finish. AEO targets the direct answer a person sees without clicking. GEO, the term from the Princeton and IIT Delhi research, targets the citation an AI assistant footnotes. For a crypto brand, the practical goal is both: be the answer when someone asks, and be the named citation underneath it. The Citation Stack is how you earn each.
AEO, GEO, AIO, and SEO mapped on a matrix by what each one targets in searchIf your crypto project ranks but never gets cited in AI answers, that gap is costing you the visibility that now matters most. AP Collective builds content and entity presence for AI search, not just Google. Start with SEO and AEO or talk to us.
AI systems retrieve passages, not pages, so content has to be built to survive being lifted out of context. This is where SEO and AEO overlap, and where crypto content most often fails, because a lot of it is written to impress rather than to be extracted.
Answer the question in the first sentence of every section. A model pulling a chunk to answer "what is a token generation event" wants the definition immediately, not three sentences of throat-clearing about the exciting world of blockchain. Keep sections short, roughly 150 to 300 words, each answering one question completely, and define entities on first use inside the section rather than only in the intro, because the retrieved chunk cannot see your intro.
Structure is the other half. Clean tables with a header row that names their contents, clear headings phrased as real questions, and schema markup all make content machine-readable. And because ChatGPT search runs on Bing's index, being crawlable and submitted to Bing Webmaster Tools is not optional, it is the difference between being retrievable in ChatGPT and being invisible there. One thing not to bother with: llms.txt. Ahrefs found 97 percent of llms.txt files received zero traffic, and Google does not support it, so ship one if it costs an hour and then ignore it.
This is the layer almost nobody does, and it is the one with the hardest evidence behind it. The Princeton GEO study tested around 10,000 queries and found that specific content features do not just help, they measurably decide whether a source gets cited.
Lever | Measured Effect | How to Apply It |
Add statistics | Up to +41% visibility, the strongest single method | One specific sourced number per major section |
Cite sources inline | The largest equalizer, big gains for lower-ranked pages | Link the source at the claim, not in a footer |
Add quotations | A top-three method | One to three attributed or original pull-quotes |
Keyword stuffing | Among the weakest, can reduce visibility | Do not do it |
The pattern is blunt: fluent prose carrying dense, sourced specifics is what gets quoted, and keyword repetition is close to worthless. This is why a page ranking fifth can get cited over the page ranking first, because it carried the exact statistic the model needed and the top page carried adjectives. For crypto, that means publishing the number nobody else has: a real rate benchmark, a campaign outcome, an on-chain figure, banded if it cannot be shared raw. Original data is the most durable citation asset there is, because competitors can copy your format but not your numbers. Pair it with named sources at the point of claim, the way strong crypto PR and media work builds a verifiable trail, and you have content an answer engine can safely lean on.
What earns an AI citation, from the Princeton GEO study: sources, statistics, and quotationsThe top layer is the one crypto founders find least intuitive, because it happens off your own site. AI systems weight whether your brand is a known, consistently described entity, and the signal for that is not backlinks, it is mentions.
Ahrefs analysed 75,000 brands and found branded web mentions correlate with AI Overview visibility at 0.664, against 0.218 for total backlinks. A separate finding put sites with very large referring-domain counts several times more likely to be cited than sites with almost none. The takeaway is that an unlinked mention on a credible site now does work a dofollow link used to do, and consistency matters more than anchor text. If your project is called three different things across Twitter, your docs, and third-party coverage, you are splitting the entity the model is trying to learn.
Being cited by AI is an entity game, and entities are built with consistent PR, content, and community over time. AP Collective builds that presence for crypto brands. Explore public relations or book a call.
Knowing where the engines look tells you where to be. Across LLM search, listicle and how-to formatted pages account for over 40 percent of cited content, and Reddit, Wikipedia, and YouTube together make up roughly a quarter of ChatGPT's source mix. Only about 20 percent of the URLs ChatGPT and Perplexity cite also rank in Google's top 10 for the same query, which is the clearest proof that AI citation is a different game from ranking.
For crypto specifically, that means a few things. A well-built listicle or how-to that carries real data is disproportionately likely to be cited, which is why category pages matter. A credible, consistent presence in the crypto corners of Reddit and on YouTube feeds the source mix the models actually draw from, and the Reddit and community layer is now an AEO input, not just a distribution channel. And Perplexity in particular prefers recent content, so a current, honestly dated page beats a stale one, which makes the refresh cadence part of the strategy rather than housekeeping.
AI Overviews are their own game inside the Citation Stack, because of where Google builds them from. The Overview is assembled largely from pages that already rank in the top results and from featured-snippet-style answers, so ranking is the ticket in and clean extraction wins the citation. You cannot skip the SEO foundation here, but ranking alone is not enough, because the Overview quotes the page that answers most cleanly, not always the one ranked first.
5 Things move the needle specifically for AI Overviews, and all of them are ordinary AEO discipline pointed at Google:
The crypto advantage hides in the trust requirement. Because so much crypto content is unsourced hype, a sober page with a real number, a named source, and a clear author is disproportionately safe for Google to quote in a financial-topic Overview. Being the boring, credible one is an edge.
Ranking for a crypto term but missing the AI Overview above it means the answer is being built from someone else's page. AP Collective builds content structured to be lifted, with the trust signals Google needs to quote it. See SEO and AEO or talk to us.
ChatGPT is a different pipeline again, and the single most important fact about it is where it looks: ChatGPT search runs on Bing's index, not Google's. If your crypto site is not in Bing, ChatGPT cannot see you at all, so the first move is submitting to Bing Webmaster Tools. Teams pour months into Google and forget the one index ChatGPT actually reads.
Each answer engine sources differently, so a crypto brand that wants full coverage has to earn its way into several distinct pipelines, not one.
Engine | Where It Pulls From | What Wins the Citation |
Google AI Overviews | Google index, top results, featured snippets | Rank plus a liftable answer plus trust signals |
ChatGPT Search | Bing's index, plus Reddit, Wikipedia, YouTube | Be in Bing, get mentioned on Reddit and YouTube, publish listicles |
Perplexity | Live web, citation-dense, recency-weighted | Fresh, well-sourced pages with current dates |
Gemini | Google ecosystem, overlaps AI Overviews | Google index presence plus clean structure |
Claude | Web search and trusted, well-structured sources | Authoritative, clearly written, sourced content |
Where each AI engine looks for crypto sources: ChatGPT, AI Overviews, Perplexity, Gemini, and ClaudeThe practical read for crypto: submit to Bing Webmaster Tools so ChatGPT can see you at all, keep pages fresh for Perplexity, structure and trust-signal for AI Overviews and Gemini, and write cleanly enough that Claude will quote you. Only about 20 percent of the URLs ChatGPT and Perplexity cite also rank in Google's top 10, so winning one engine does not win the others. The overlap is the Citation Stack itself: retrievable, citable, authoritative content earns a place in all of them, but the last mile is engine-specific, and the brands that show up everywhere are the ones that fed every pipeline on purpose.
The Citation Stack is universal, but crypto adds three complications that a generic AEO guide will not warn you about.
Crypto brands lose AI citations to name confusion and hype-sounding claims more than to bad SEO. AP Collective builds the consistent, sourced entity that answer engines will actually quote. See brand positioning or talk to us.
Traffic alone stopped describing whether this is working, because the whole point is that citation happens without a click. Measure the outcomes that actually move.
What to Measure | Why It Matters | What to Ignore |
AI citation frequency | The primary outcome, being the cited source | Raw keyword rank alone |
Branded search volume | The clearest downstream proof citation is working | Impressions with no citation |
AI Overview presence and citation | Whether the query even produces a click, and if you are in it | Vanity traffic from unrelated terms |
Referral conversions from AI | Small volume, but AI visitors convert far higher | Total sessions as the only KPI |
Run your target crypto queries through ChatGPT, Perplexity, Google AI Mode, and Claude once a month, and record whether you are cited, what gets quoted, and which competitor shows up instead. That manual check is more actionable than any rank tracker. And expect the shape to look strange: falling clicks alongside rising citations is a win, not a loss, especially because AI search visitors convert far higher than regular search visitors, so the smaller stream is worth more per visit.
Where AI answers pull crypto sources from: listicles, Reddit, Wikipedia, and YouTube dominate the mixMistake | Why It Hurts | Better Approach |
Optimising only for Google rank | The click is gone; the citation is the outcome | Build all three Citation Stack layers |
Keyword stuffing for AI | Among the weakest levers, can cut visibility | Lead with statistics and sources |
No inline sources | Removes the single biggest citation equalizer | Link every claim at the point you make it |
Inconsistent brand naming | Splits the entity the model is trying to learn | One name, everywhere, every time |
Building a process around llms.txt | 97 percent of these files get zero traffic | Submit to Bing, structure the content instead |
Ignoring Reddit and YouTube | They are a quarter of ChatGPT's crypto sources | Seed consistent, credible mentions there |
You do not fix all three layers at once. You start at the bottom, because Retrievability gates everything above it, and you sequence the work so each week compounds.
Perplexity, AI Mode, and Claude so you can see, month over month, where you are being cited and where a competitor is. Authority compounds slowly, so starting the entity work early is the point.
Most crypto teams have the content but not the structure, sources, and entity consistency that AI citation needs. AP Collective runs the whole 30-day fix and the ongoing entity work. Explore SEO and AEO or book a call.
Getting cited in AI search is not a single deliverable, it is the same thing crypto growth has always needed, done consistently: clean, data-backed content, real earned media, and a brand described the same way everywhere. AP Collective runs those as one program, content and SEO and AEO, PR and narrative, and community, so the entity an AI learns about your project is coherent and credible across every surface it reads. That coordination, across 600+ campaigns, is exactly what the Authority layer rewards, because a model cannot learn a consistent entity from a project that describes itself five different ways.
AP Collective is built for projects investing in durable visibility, not a one-week traffic spike. If you want a single burst of content and nothing to sustain the entity behind it, this is not the right engagement, because AI citation compounds over months or not at all.
The honest objection is that AI assistants still send a small fraction of the referral traffic Google does, so why chase them. The answer is that volume is the wrong lens. AI search visitors convert several times higher than traditional search visitors, with Semrush data showing roughly a 4.4x higher conversion rate, so a smaller stream of high-intent, pre-qualified visitors can outperform a larger stream of casual clicks. The person who arrives after an AI recommended you is already halfway sold.
The search a crypto project needs to win has moved from the results page into the answer itself. Ranking still matters as a foundation, but the outcome that now builds a brand is being the source an AI cites, and that is earned in three layers: make your content liftable, give it the statistics and sources that earn the quote, and build a consistent entity the model trusts. Do the bottom and you are eligible. Do all three and you become the answer, cited by name, in the place people now actually look. The projects that win AI search in 2026 are not the ones shouting the loudest keyword. They are the ones an answer engine can safely quote.
Answer Engine Optimization for crypto is making your content the direct answer to crypto questions in AI-powered search, such as featured snippets and Google AI Overviews. It focuses on being the answer a user sees, whether or not they click.
AEO targets the direct answer surfaces like AI Overviews and featured snippets. GEO, Generative Engine Optimization, targets citations inside AI assistants like ChatGPT, Perplexity, and Claude. Crypto brands need both, and the Citation Stack builds toward each.
Yes, as the foundation. Most AI engines retrieve from a search index, and ChatGPT search runs on Bing, so being crawlable and structured is required. But ranking alone no longer wins the visibility, because AI Overviews cut top-result clicks by roughly 54 percent.
Make content retrievable, structured, answer-first, and in Bing's index, then citable with specific statistics, inline sources, and quotations, then build authority through consistent brand mentions across credible sites. That is the full Citation Stack.
Rank in the top results first, because AI Overviews are built largely from pages that already rank, then answer the exact question in the first 40 to 60 words in a liftable block, structure how-to and comparison content with steps and tables, add FAQ and Article schema, and carry real trust signals. In crypto, a named author and sourced claims matter more because financial topics get stricter trust filtering.
Measured by the Princeton GEO study, the strongest levers are adding statistics, citing sources inline, and adding quotations, which lift AI visibility by 22 to 41 percent. Keyword stuffing is among the weakest and can reduce visibility.
Barely. Ahrefs found 97 percent of llms.txt files receive zero traffic and Google does not support the standard. Ship one if it takes an hour, then focus on structure, Bing submission, and content instead.
It is much smaller in volume but far higher in intent. AI assistants send a fraction of the referral traffic Google does, yet AI search visitors convert several times higher, so the smaller stream is worth more per visit.
Largely from listicles and how-to pages, which are over 40 percent of cited content, plus Reddit, Wikipedia, and YouTube, which together are around a quarter of ChatGPT's sources. Only about 20 percent of cited URLs also rank in Google's top 10.
Track AI citation frequency, branded search volume, and AI Overview presence, not just rank. Run your target queries through ChatGPT, Perplexity, AI Mode, and Claude monthly and record where you are cited and where a competitor is cited instead.
The Retrievability fixes can help within weeks, but Authority, the entity-building layer, compounds over months of consistent mentions and content. It is a durable investment, not a quick spike, which is why consistency matters more than intensity.
The crypto SEO and AEO strategy guide covers the full Google-and-AI search surface. This piece goes deep on the AI answer engines specifically and the Citation Stack that gets a crypto brand quoted inside them.
The search a crypto project needs to win has moved from the results page into the answer itself. Ranking still matters as a foundation, but the outcome that now builds a brand is being the source an AI cites, and that is earned in three layers: make your content liftable, give it the statistics and sources that earn the quote, and build a consistent entity the model trusts. Do the bottom and you are eligible. Do all three and you become the answer, cited by name, in the place people now actually look. The projects that win AI search in 2026 are not the ones shouting the loudest keyword. They are the ones an answer engine can safely quote.
The One-Page Action Spine
Disclaimer: This guide reflects publicly available research and AP Collective's operating experience as of August 2026. AI search behaviour is changing quickly and the cited statistics have a limited shelf life, so treat them as a current snapshot rather than a permanent rule. Nothing here is financial, investment, or legal advice, and nothing here guarantees a citation, a ranking, or a search outcome.
August 2026, initial publication of the crypto AEO guide, built on the Citation Stack framework.
Reviewed periodically. If you spot something outdated, write to info@apcollective.io.
David is the Head of Operations at AP Collective. Harvard Business School-certified in Leadership, he has 5+ years of experience in project management and business operations and has led the delivery of over 600 campaigns for 100+ crypto brands since joining AP Collective in 2023.
See all our authors here.
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