Cosmos Hub ranks #29 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #79: 50 of the 78 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 67 non-native assets CoinSpectrum lists above it by market cap, about 57% are claims on other assets, 37% are tokens and 6% are memecoins.
| CoinSpectrum Grade | B · 71/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #29 |
| Rank counting claims | #79 |
| Market capitalisation | $874M |
| Price | $1.62 |
| Circulating supply | 538,669,329 ATOM |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | Tendermint (CometBFT) |
| Network purpose | Interoperability hub |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
| Regulatory class | Contested |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
B — 71 out of 100, provisional (from 19 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 68 to 73 (B to B).
| 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) | 6.4 | group average, 12 of 13 measured |
| Sound Money Qualities (6 checks) | 7.3 | 4.4 of 6 points source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 4.1 | no fixed maximum; 539 million in circulation: supply scale 8.1, cap 0 |
| Durability: five years or more with no halt, freeze or reversal | ✗ | 7 full years since its first recorded price, 2 halts, freezes or reversals in five years |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | ✓ | no authority can freeze, blacklist or set apart a coin |
| Divisibility: the smallest unit worth a cent or less | ✓ | 6 decimal places, the smallest unit worth $0.0000016 |
| Portability: fees of a cent or less and capacity for real demand | ✓ | typical fee $0.0008; about 150 transactions a second (5.4 on the throughput scale; 5 is the busiest networks' median demand) |
| Verifiability: open-source nodes and checking without a trusted server | ✓ | node software open source; light clients verify from headers or proofs |
| Privacy (5 checks) | 2 | 1 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Any key can hold and send ATOM; the Cosmos SDK bank and auth modules carry no identity check. |
| UTXO ledger: a new key for each payment, no account linking every coin | ✗ | |
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | CometBFT mempool gossip relays transactions directly. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | No confidential transactions. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | No sender or receiver hiding. |
| Scalability (fees, throughput, block time, block space, features) | 7 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.0008 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 5.4 | about 150 simple transactions a second |
| Block time (10 minutes 10, less either side) | 2.8 | a block every 6 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 2 MB limit, 200 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Payments safe to accept within seconds | ✗ | CometBFT gives single-block deterministic finality, but blocks average about 5.7 s, so acceptance usually takes longer than five seconds. |
| Pruned nodes: a full node can validate and drop old history | ✓ | Cosmos SDK pruning strategies plus min-retain-blocks let nodes drop old state and blocks. |
| Light clients verify payments from headers or proofs, without a trusted server | ✓ | CometBFT light client verifies headers from validator signatures (basis of IBC). |
| Security (miner pay and 7 checks) | 5 | 5 of 9 points source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | 0 | not mined |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | not mined |
| Largest pool or validator under 50% | ✓ | 18.89% |
| Largest three under 75% | ✓ | 32.87% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | Gaia, the Cosmos SDK and CometBFT are maintained by Cosmos Labs (Interchain Labs) under the Interchain Foundation. |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 16,265 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 8.9 | 8 of 9 points source |
| Token issuance at protocol level, validated by its own nodes | 2 | x/tokenfactory, added by the Gaia v26 upgrade in February 2026, lets any account create a native denom for a 10 ATOM fee; CosmWasm on the Hub remains governance-gated. |
| Smart contracts: a general-purpose contract system | 2 | CosmWasm with code upload and instantiation open to everybody since proposal 1007 (August 2025); over 800 code IDs on mainnet under Gaia v29. |
| Multisig and time locks | ✓ | Native Cosmos SDK multisig accounts, plus vesting accounts and CosmWasm contracts for time-locked funds. |
| Atomic swaps with other chains | ✓ | CosmWasm contracts can hold funds against a hash preimage with a timeout refund (HTLC). |
| An exchange built into the protocol | ✗ | No exchange module in Gaia v29 (the old liquidity module was removed in 2022). |
| Cross-chain messaging the chain verifies itself | ✓ | IBC (ibc-go v10) with light clients, packet-forward middleware and 08-wasm light clients. |
| Non-fungible tokens | ✓ | CW-721 NFT contracts on the Hub's now-permissionless CosmWasm. |
| Decentralisation | 6.7 | section average, 7 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol-level freeze or blacklist of ordinary accounts and no party holding a halt power. source |
| No central team (Source) | 0 | A central team directs it: Gaia, the Cosmos SDK and CometBFT are maintained by Cosmos Labs (Interchain Labs) under the Interchain Foundation. source |
| Who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | 7.5 | 180 reachable nodes source |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 5.6 | 43.9% of today's supply allocated at launch to founders, a company, a foundation or investors. 236,198,958.12 ATOM allocated at cosmoshub-1 genesis (March 2019) to fundraiser donors, seed and strategic contributors, the Interchain Foundation (10%) and All in Bits (10%), against a current total supply of 537,743,602 ATOM (Cosmos Hub bank module, 2026-10-23). source |
| Fundraising | 5.6 | Sold by its issuer or insiders: 43.9% of supply was theirs to sell, 35.1% sold so far. Fundraiser participants received 80% of the 236,198,958 genesis ATOM: seed 11,809,947.91, strategic 16,856,718.97 and the April 2017 public fundraiser 160,293,050.6 ($16,029,305.06 at $0.10) = 188,959,717 ATOM. Against 537,743,602 ATOM current supply (Cosmos Hub bank module, 2026-10-23) = 35.1%. Seed contributors $300,000 (11,809,947.91 ATOM) and strategic/early contributors $1,329,472.33 at 15-25% discounts (16,856,718.97 ATOM), then the April 2017 public fundraiser of $16,029,305.06 from 864 addresses at $0.10/ATOM. source |
| Developer share (after launch) | 9.7 | Developer share: about 2.9% of today's supply received so far; 2% of each new block reward goes to them today. The distribution module's community_tax sends that share of inflation (and fees) to the community pool: 2% from genesis (Mar 2019), 10% after Prop 88 (vote ended 19 Dec 2022), back to 2% after Prop 996 (15 May 2025); live parameter is 0.02 with 10% inflation (2026-10-24). Estimated minted per period, from supply about 236M at genesis, about 350M in Dec 2022, about 469M in May 2025 and 537.7M now: 2% x 114M + 10% x 119M + 2% x 69M = about 15.5M, or about 2.9% of supply. The period supplies are back-calculated from inflation, so the result is only accurate to about +/-0.2 points. source |
| Supply & Demand | 8.1 | group average |
| Supply & Demand (Source) | 8 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 43 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 6.6 | $14,879,777 traded in 24 hours; #89 by volume on the exchanges the site reads (scored on the median day of the last 30, $19,622,535) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 8 | 2.1% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 8.4 | $2,932,348 within 2% of the price on 9 exchanges, 0.34% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 7.4 | $874M, 7.4 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 7.3 | futures, options and margin positions 7.4% of its market cap |
| Supply (smaller is better) | 8.1 | no fixed maximum; 539 million in circulation |
| Record | 8 | group average |
| Record (origin, claims, halts) | 9 | 2 positive, 2 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, 2024-06-05 | ✗ | Chain halted at 19:21 UTC for about 4h40m from a v17 validator-set-change bug; validators restarted on patched v17.2.0. |
| Halt, freeze or reversal, 2026-09-22 | ✗ | Validators with over one-third of voting power stopped their nodes at height 33,086,740 for about 25 hours to freeze ~1.2M ATOM from a Neutron governance exploit; the restart applied a one-time state change moving that ATOM to a validator-controlled multisig. |
| Age (years since genesis) (Source) | 7 | 7 full years since 2019-03-14, 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 | ✓ | 237 commits in 12 of the last 12 months (github.com/cosmos/gaia); Gaia v29.0.1, released 2026-10-23. |
| Shipped a security fix in two years, +1 | ✓ | Gaia v25.1.0, 2025: fixed an x/distribution integer overflow that could halt the chain; v25.3.1 binary-only security release. |
| Shipped a new capability for users in two years, +1 | ✓ | Gaia v26.0.0, 18 Feb 2026: x/tokenfactory lets anyone mint tokens on the Hub. |
| Not yet researched | ||
| Shipped a scaling upgrade in two years | – | |
Twenty criteria, weighted equally. The Cryptocurrency Standards have six sections: sound money qualities (six checks: scarcity, durability, fungibility, divisibility, portability, verifiability), privacy (five checks), scalability (four measures and three features), security (miner pay and seven checks), programmability (token issuance, smart contracts and five checks) and decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share). 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.
538,669,329 ATOM are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 43.9% of today's supply |
|---|---|
| Sold by the issuer or insiders | 35.1% of today's supply |
| Developer share received since launch | 2.9% of today's supply |
| Developer share of new coins today | 2% |
| Nodes or validators | 180 |
| Fundraising | Public sale |
236,198,958.12 ATOM allocated at cosmoshub-1 genesis (March 2019) to fundraiser donors, seed and strategic contributors, the Interchain Foundation (10%) and All in Bits (10%), against a current total supply of 537,743,602 ATOM (Cosmos Hub bank module, 2026-10-23).
Seed contributors $300,000 (11,809,947.91 ATOM) and strategic/early contributors $1,329,472.33 at 15-25% discounts (16,856,718.97 ATOM), then the April 2017 public fundraiser of $16,029,305.06 from 864 addresses at $0.10/ATOM.
Fundraiser participants received 80% of the 236,198,958 genesis ATOM: seed 11,809,947.91, strategic 16,856,718.97 and the April 2017 public fundraiser 160,293,050.6 ($16,029,305.06 at $0.10) = 188,959,717 ATOM. Against 537,743,602 ATOM current supply (Cosmos Hub bank module, 2026-10-23) = 35.1%.
The distribution module's community_tax sends that share of inflation (and fees) to the community pool: 2% from genesis (Mar 2019), 10% after Prop 88 (vote ended 19 Dec 2022), back to 2% after Prop 996 (15 May 2025); live parameter is 0.02 with 10% inflation (2026-10-24). Estimated minted per period, from supply about 236M at genesis, about 350M in Dec 2022, about 469M in May 2025 and 537.7M now: 2% x 114M + 10% x 119M + 2% x 69M = about 15.5M, or about 2.9% of supply. The period supplies are back-calculated from inflation, so the result is only accurate to about +/-0.2 points.
Sources: github.com · mintscan.io · cosmos-rest.publicnode.com · cosmos.valopers.com · cosmos.valopers.com · forum.cosmos.network. Researched 2026-10-24, high confidence.
Alleged an unregistered security by the SEC (2023 complaint); not named a commodity in 2026 and not adjudicated — status unsettled.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
Cosmos Hub is #29 among cryptocurrencies and #79 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 50 places between Cosmos Hub'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).
See the 2 wrapped and staked claims on Cosmos Hub →