Casper Network ranks #101 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #601: 500 of the 600 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 590 non-native assets CoinSpectrum lists above it by market cap, about 59% are tokens, 32% are claims on other assets and 8% are memecoins.
| CoinSpectrum Grade | C · 57/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #101 |
| Rank counting claims | #601 |
| Market capitalisation | $36M |
| Price | $0.00206 |
| Circulating supply | 17,400,215,065 CSPR |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | Highway (CBC-Casper) |
| 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 51 to 62 (D 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) | 4.1 | group average, 10 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 4.6 | 2.3 of 5 points, 1 not yet measured source |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 3.1 | no fixed maximum; 17.4 billion in circulation: supply scale 6.1, cap 0 |
| Durability (Sustainability · 1 Store of value) | ✗ | 5 full years 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 $0.0002; about 41 transactions a second, 3.3 on the throughput scale (5 is the busiest networks' median demand) |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 9 decimal places, the smallest unit worth $2.1e-12 |
| Verifiability (Authenticity check · 1 Store of value · Whitepaper §8) | – | node software open source |
| Scalability (fees, throughput, block time, block space, features) | 5.5 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.0002 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 3.3 | about 41 simple transactions a second |
| Block time (10 minutes 10, less either side) | 4.3 | a block every 16 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 2.62 MB limit, 98.3 MB per 10 minutes |
| Features (3 checks) | 0 | 0 of 2 passed, 1 not yet researched |
| Fast payments (Safe to accept within seconds · Whitepaper §11) | ✗ | Blocks are final when produced, but they come about every 8 seconds, over the 5-second bar. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | – | No pruning mode for casper-node was documented. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | No light client verifying finality signatures ships with the protocol; wallets query node RPC. |
| Security (miner pay and 7 checks) | 5 | 5 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%) | ✓ | 11.5% |
| Largest three (Under 75% together) | ✓ | 29.1% |
| Clients (More than one maintained) | ✗ | 1 |
| Open source (Node software) | ✓ | casper-node (Apache 2.0) is developed by Casper Labs (CasperLabs/Casper Association), which employs nearly all core developers. |
| Real use (1,000+ transactions a day) | ✓ | about 3,500 a day |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Decentralisation | 4 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 0 | An authority can halt the chain or freeze funds: On 2024-07-27 validators froze consensus after an exploit and resumed on 2024-07-31 by unanimous consent, removing two blocks, which shows the validator set can halt and rewrite the chain. source |
| No central team (Source) | 0 | A central team directs it: casper-node (Apache 2.0) is developed by Casper Labs (CasperLabs/Casper Association), which employs nearly all core developers. 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) | 2.7 | 73.5% of today's supply allocated at launch to founders, a company, a foundation or investors. Genesis allocation plus the one-off 4.76B CSPR minted by the protocol upgrade of 23 March 2026, against current supply. source |
| Fundraising | 2.7 | Sold by its issuer or insiders: 73.5% of supply was theirs to sell, 23.4% sold so far. Of the 10B genesis supply, 4.58B CSPR was sold: validator sale round 1 (19.5%, ~$14M, Sep-Oct 2020), round 2 (10.3%, ~$11.9M, Jan 2021) and the CoinList public sale (16%). The March 2026 CVV008 issuance (4.763B) went to treasury, staking and liquidity and is not a recorded sale. 4.58B / ~19.6B current supply (~14.43B before the mint + 4.763B + 2026 inflation) = 23.4%. Private validator sales in two rounds (about 19.5% and 10.3% of supply; CoinDesk reported about $14M raised in the October 2020 node-runner round), plus a CoinList public sale of about 16% of genesis supply. Total dollar proceeds were not established. source |
| Developer share (after launch) | 9.9 | Developer share: about 1.1% of today's supply received so far; 25% of each new block reward goes to them today. Since Casper 2.2.0 (23 March 2026, governance vote CVV006), the 8% annual inflation is split 6% to validator rewards and 2% to ecosystem development and operations, so a quarter of issuance is cut. It was 100% to validators and delegators before. Estimate: 2% x ~19.4B x 0.59 yr = ~0.23B of 20.10B, about 1.1%. The one-off 4.763B CVV008 mint is a discretionary mint, counted as premine, not here. 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) | ✓ | Anyone can create keys and receive and send coins; the protocol carries no identity check. |
| UTXO ledger (A new key for each payment · Whitepaper §2, §9) | ✗ | |
| Network privacy (Origin hidden by default) | ✗ | casper-node gossips deploys directly; no Dandelion or built-in Tor. |
| Hidden amounts (Amounts confidential) | ✗ | Transfers are public. |
| Hidden parties (Sender and receiver hidden) | ✗ | Accounts are public. |
| Programmability (tokens, contracts, 5 checks) | 7.8 | 7 of 9 points source |
| Token issuance (At protocol level) | 2 | Wasm smart contracts deployable by any account, with the CEP-18 fungible token standard. |
| Smart contracts (General-purpose) | 2 | Wasm smart contracts stored on chain and executed by the network since the 2021 mainnet. |
| Multisig and time locks (Without a third party) | ✓ | Native associated keys with weights and action thresholds give m-of-n accounts; time locks are expressible in Wasm contracts that read block time. |
| Atomic swaps (With other chains) | ✓ | Hash- and time-locked contracts can be written as Wasm contracts. |
| Native exchange (Built into the protocol) | ✗ | No exchange in the protocol; DEXes are contracts. |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol-verified cross-chain messaging; bridges are third-party. |
| NFTs (Carried by the chain's rules) | ✓ | CEP-78 NFT contracts run by its Wasm execution engine. |
| Supply & Demand | 6.9 | group average |
| Supply & Demand (Source) | 7.7 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 11 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 4.8 | $3,566,857 traded in 24 hours; #397 by volume on the exchanges the site reads (scored on the median day of the last 30, $2,543,959) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.6 | 6.0% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 7.9 | $84,300 within 2% of the price on 6 exchanges, 0.23% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 3.9 | $36M, 3.9 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 10 | no futures, options or margin on the exchanges read |
| Supply (smaller is better) | 6.1 | no fixed maximum; 17.4 billion in circulation |
| Record | 7.3 | 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, 2024-07-27 | ✗ | Validators froze consensus at 07:50 UTC after an access-rights exploit drained 13 wallets; resumed 2024-07-31 after unanimous consent of 64 validators, removing two blocks (four transactions orphaned). |
| Age (years since genesis) (Source) | 5 | 5 full years since 2021-05-12, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 8 | 3 positive, 0 negative, 1 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 464 commits in 12 of the last 12 months (github.com/casper-network/casper-node); casper-node v2.2.2 released 2026-07-01 (v2.2.0 Mar, v2.2.1 May 2026). |
| Shipped a security fix in two years, +1 | ✓ | casper-node v2.0.4 (18 Nov 2025) bug fix and security update; v2.2.2 (1 Jul 2026) security release. |
| Shipped a new capability for users in two years, +1 | ✓ | Casper 2.0 (Condor), mainnet 6 May 2025: account/contract merge (addressable entities), new transaction types and lanes, contract versioning (v2.0.3, Jul 2025). |
| Not yet researched | ||
| Shipped a scaling upgrade 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.
17,400,215,065 CSPR are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 73.5% of today's supply |
|---|---|
| Sold by the issuer or insiders | 23.4% of today's supply |
| Developer share received since launch | 1.1% of today's supply |
| Developer share of new coins today | 25% |
| Fundraising | Public sale |
Genesis allocation plus the one-off 4.76B CSPR minted by the protocol upgrade of 23 March 2026, against current supply.
Private validator sales in two rounds (about 19.5% and 10.3% of supply; CoinDesk reported about $14M raised in the October 2020 node-runner round), plus a CoinList public sale of about 16% of genesis supply. Total dollar proceeds were not established.
Of the 10B genesis supply, 4.58B CSPR was sold: validator sale round 1 (19.5%, ~$14M, Sep-Oct 2020), round 2 (10.3%, ~$11.9M, Jan 2021) and the CoinList public sale (16%). The March 2026 CVV008 issuance (4.763B) went to treasury, staking and liquidity and is not a recorded sale. 4.58B / ~19.6B current supply (~14.43B before the mint + 4.763B + 2026 inflation) = 23.4%.
Since Casper 2.2.0 (23 March 2026, governance vote CVV006), the 8% annual inflation is split 6% to validator rewards and 2% to ecosystem development and operations, so a quarter of issuance is cut. It was 100% to validators and delegators before. Estimate: 2% x ~19.4B x 0.59 yr = ~0.23B of 20.10B, about 1.1%. The one-off 4.763B CVV008 mint is a discretionary mint, counted as premine, not here.
Sources: casper.network · coindesk.com · stakingrewards.com · securities.io · figment.io · api.cspr.live. 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.
Casper Network is #101 among cryptocurrencies and #601 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 500 places between Casper Network'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).