Babylon ranks #70 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #349: 279 of the 348 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 359 non-native assets CoinSpectrum lists above it by market cap, about 52% are tokens, 41% are claims on other assets and 7% are memecoins.
| CoinSpectrum Grade | C · 57/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #70 |
| Rank counting claims | #349 |
| Market capitalisation | $72M |
| Price | $0.0147 |
| Circulating supply | 4,922,022,730 BABY |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | CometBFT (Bitcoin staking) |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
C — 57 out of 100, provisional (from 18 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 52 to 63 (C to C).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 9.1 | group average |
| Consensus: leader ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 4.9 | group average, 10 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 5.5 | 3.3 of 6 points source |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 3.4 | no fixed maximum; 4.92 billion in circulation: supply scale 6.8, cap 0 |
| Durability (Sustainability · 1 Store of value) | ✗ | 1 full year since its first recorded price, one halt, freeze or reversal in five years |
| Fungibility (Interchangeability · 3 Unit of account) | ✓ | every unit identical and worth any other |
| Portability (Scalability · 2 Medium of exchange) | ✓ | typical fee $0.000003; about 314 transactions a second, 6.6 on the throughput scale (5 is the busiest networks' median demand) |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 6 decimal places, the smallest unit worth $1.5e-8 |
| Verifiability (Authenticity check · 1 Store of value · Whitepaper §8) | ✗ | node software not open source; light clients verify from headers or proofs |
| Scalability (fees, throughput, block time, block space, features) | 7.4 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.000003 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 6.6 | about 314 simple transactions a second |
| Block time (10 minutes 10, less either side) | 3.5 | a block every 9.55 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 22 MB limit, 1380 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper §11) | ✗ | CometBFT blocks about every 9.5 s, so finality takes about ten seconds. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Cosmos SDK pruning strategies plus min-retain-blocks. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | CometBFT light client verifies headers from validator signatures. |
| Security (miner pay and 7 checks) | 4 | 4 of 9 points source |
| Miner pay (A day, $1,000 0 to $10 million 10; 2 points) | 0 | not mined |
| Own hashrate (Half its algorithm's largest, not merge-mined) | ✗ | not mined |
| Largest pool (Pool or validator under 50%) | ✓ | 19.3% |
| Largest three (Under 75% together) | ✓ | 36.4% |
| Clients (More than one maintained) | ✗ | 1 |
| Open source (Node software) | ✗ | Babylon Labs develops the only node; it is published under the Business Source License 1.1, not an open-source licence. |
| Real use (1,000+ transactions a day) | ✓ | about 1,629 a day |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Decentralisation | 5.1 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol-level freeze of user BABY is documented. source |
| No central team (Source) | 0 | A central team directs it: Babylon Labs develops the only node; it is published under the Business Source License 1.1, not an open-source licence. source |
| Who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 0.9 | 90.6% of today's supply allocated at launch to founders, a company, a foundation or investors. 10B BABY allocated at the Babylon Genesis launch in April 2025 (15% community incentives, 18% ecosystem, 18% R&D and operations, 30.5% early private investors, 15% team, 3.5% advisors) against a current total supply of about 11.03B BABY (CoinGecko, 2026-10-23). source |
| Fundraising | 0.9 | Sold by its issuer or insiders: 90.6% of supply was theirs to sell, 34.8% sold so far. Early private investors (Series A, the $70M Paradigm-led token round and others) received 30.5% of the 10B genesis (3.05B); in January 2026 a16z crypto bought $15M of BABY from Babylon, at ~$0.018-0.02 about 0.79B. ~3.84B / ~11.03B total supply (CoinGecko, 2026-10-23) = 34.8% (range 34.4%-35.2%). Early private-round investors received 30.5% of supply. Rounds include $18M (December 2023, Hack VC and Framework Ventures) and $70M (May 2024) led by Paradigm with Polychain and Bullish. No public sale was found; 600M BABY were airdropped. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. Inflation (8% at launch, cut to 5.5% by Proposal 15 in late 2025) goes entirely to BTC stakers, BABY stakers, co-stakers, finality providers and CometBFT validators; community_tax is 0. source |
| Privacy | 2 | section average |
| Privacy (5 checks) | 2 | 1 of 5 passed source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | ✓ | Any key can hold and send BABY; the Cosmos SDK bank and auth modules carry no identity check. |
| UTXO ledger (A new key for each payment · Whitepaper §2, §9) | ✗ | |
| Network privacy (Origin hidden by default) | ✗ | CometBFT gossip relays transactions directly. |
| Hidden amounts (Amounts confidential) | ✗ | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | ✗ | No sender or receiver hiding. |
| Programmability (tokens, contracts, 5 checks) | 4.4 | 4 of 9 points source |
| Token issuance (At protocol level) | 2 | x/tokenfactory, added by the Babylon Genesis v2 upgrade in June 2025, lets any account create native denoms; CosmWasm code upload stays limited to approved addresses. |
| Smart contracts | 0 | CosmWasm code upload is limited to four approved addresses; users can instantiate approved code but cannot deploy their own logic. |
| Multisig and time locks (Without a third party) | ✓ | Native Cosmos SDK multisig accounts and vesting accounts wired into the app. |
| Atomic swaps (With other chains) | ✗ | No open contract platform or HTLC module to express a swap. |
| Native exchange (Built into the protocol) | ✗ | No exchange module. |
| Cross-chain messaging (Verified by the chain itself) | ✓ | IBC (ibc-go v10) with callbacks and packet forwarding (Genesis v2, June 2025). |
| NFTs (Carried by the chain's rules) | ✗ | No NFT module; tokenfactory denoms are fungible and contracts are gated. |
| Supply & Demand | 7.2 | group average |
| Supply & Demand (Source) | 7.6 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 31 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 5.4 | $12,233,319 traded in 24 hours; #254 by volume on the exchanges the site reads (scored on the median day of the last 30, $4,735,870) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.1 | 7.4% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 10 | $718,676 within 2% of the price on 7 exchanges, 1.00% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 4.6 | $72M, 4.6 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 6.7 | futures, options and margin positions 11% of its market cap |
| Supply (smaller is better) | 6.8 | no fixed maximum; 4.92 billion in circulation |
| Record | 5.7 | group average |
| Record (origin, claims, halts) | 9 | 2 positive, 1 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| Negative record | ||
| Halt, freeze or reversal, 2025-06-18 | ✗ | Babylon Genesis halted when a validator-set change at an epoch boundary triggered a panic; fixed in v2.1.0 with a coordinated validator restart. |
| Age (years since genesis) (Source) | 1 | 1 full year since 2025-04-10, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 7 | 2 positive, 0 negative, 2 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 261 commits in 11 of the last 12 months (github.com/babylonlabs-io/babylon); babylon v4.6.0, 22 Oct 2026; 58 stable releases in the last 24 months. |
| Shipped a security fix in two years, +1 | ✓ | v4.2.5, 4 Feb 2026: CometBFT v0.38.21 for GHSA-h598-3g3g-c67c. |
| Not yet researched | ||
| Shipped a scaling upgrade in two years | – | |
| Shipped a new capability for users in two years | – | |
Twenty criteria, weighted equally. The Cryptocurrency Standards have five sections: sound money (six qualities: scarcity, durability, fungibility, portability, divisibility, verifiability), scalability (four measures and three features), security (miner pay and seven checks), decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share) and privacy (five checks); programmability (token issuance, smart contracts and five checks) follows them. Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
4,922,022,730 BABY are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 90.6% of today's supply |
|---|---|
| Sold by the issuer or insiders | 34.8% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | Private or venture funding |
10B BABY allocated at the Babylon Genesis launch in April 2025 (15% community incentives, 18% ecosystem, 18% R&D and operations, 30.5% early private investors, 15% team, 3.5% advisors) against a current total supply of about 11.03B BABY (CoinGecko, 2026-10-23).
Early private-round investors received 30.5% of supply. Rounds include $18M (December 2023, Hack VC and Framework Ventures) and $70M (May 2024) led by Paradigm with Polychain and Bullish. No public sale was found; 600M BABY were airdropped.
Early private investors (Series A, the $70M Paradigm-led token round and others) received 30.5% of the 10B genesis (3.05B); in January 2026 a16z crypto bought $15M of BABY from Babylon, at ~$0.018-0.02 about 0.79B. ~3.84B / ~11.03B total supply (CoinGecko, 2026-10-23) = 34.8% (range 34.4%-35.2%).
Inflation (8% at launch, cut to 5.5% by Proposal 15 in late 2025) goes entirely to BTC stakers, BABY stakers, co-stakers, finality providers and CometBFT validators; community_tax is 0.
Sources: theblock.co · defillama.com · babylonlabs.io · babylon.valopers.com · rest.cosmos.directory · babylonlabs.io. Researched 2026-10-24, medium confidence.
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
Babylon is #70 among cryptocurrencies and #349 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 279 places between Babylon's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).