GOAT Network ranks #223 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1771: 1548 of the 1770 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 2010 non-native assets CoinSpectrum lists above it by market cap, about 77% are tokens, 18% are claims on other assets and 5% are memecoins.
| CoinSpectrum Grade | C · 56/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #223 |
| Rank counting claims | #1771 |
| Market capitalisation | $1M |
| Price | $0.0112 |
| Circulating supply | 132,113,381 GOATED |
| Maximum supply | 1,000,000,000 GOATED |
| Consensus family | Other |
| Consensus mechanism | Bitcoin-anchored L2 (zkVM rollup) |
| Network purpose | Smart-contract platform |
| 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 — 56 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 53 to 59 (C to C).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 6.4 | group average |
| Consensus: leader ladder | 6.4 | Other: 6.4 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 6.4 | Other: 6.4 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 4.8 | group average, 11 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 7.8 | 3.9 of 5 points, 1 not yet measured source |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 8.9 | fixed maximum supply of 1 billion: supply scale 7.8, cap 10 |
| Durability (Sustainability · 1 Store of value) | ✗ | 1 full year since its first recorded price, no 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 $0.00023; about 809 transactions a second, 8.2 on the throughput scale (5 is the busiest networks' median demand) |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 18 decimal places, the smallest unit worth $1.1e-20 |
| Verifiability (Authenticity check · 1 Store of value · Whitepaper §8) | – | node software open source |
| Scalability (fees, throughput, block time, block space, features) | 8.1 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00023 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 8.2 | about 809 simple transactions a second |
| Block time (10 minutes 10, less either side) | 2.5 | a block every 5 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 1.5 MB limit (converted from its gas, compute, mass or count limit), 180 MB per 10 minutes |
| Features (3 checks) | 10 | 1 of 1 passed, 2 not yet researched |
| Fast payments (Safe to accept within seconds · Whitepaper §11) | ✓ | CometBFT gives single-block BFT finality on the L2 with ~3.5-second blocks (Bitcoin anchoring comes later). |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | – | Combined CometBFT/goat-geth retention settings not established. |
| Light clients (Payments verified from headers · Whitepaper §8) | – | CometBFT consensus layer has a header light client, but no light client for goat-geth execution state was found. |
| 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%) | ✓ | 31% |
| Largest three (Under 75% together) | ✗ | 79.5% |
| Clients (More than one maintained) | ✗ | 1 |
| Open source (Node software) | ✓ | The GOAT Network team (incubated by ZKM, the Metis co-founder's zk lab) develops both clients, goat (Cosmos SDK/CometBFT, Apache-2.0) and goat-geth, in the GOATNetwork GitHub organisation. |
| Real use (1,000+ transactions a day) | ✓ | about 11,245 a day |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Decentralisation | 4.5 | section average, 7 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: The GOATED contract has no pause, blacklist or clawback; a Gnosis Safe (0x266a01f8...) owns the Locking and Bridge contracts and must approve every new validator, and can change bridge fees and limits, but has no documented power to freeze user balances. source |
| No central team (Source) | 0 | A central team directs it: The GOAT Network team (incubated by ZKM, the Metis co-founder's zk lab) develops both clients, goat (Cosmos SDK/CometBFT, Apache-2.0) and goat-geth, in the GOATNetwork GitHub organisation. source |
| Who can mint (Source) | 1.4 | Other: 1.4 of 10 on the ladder of who produces blocks |
| Nodes (Source) | 2 | 4 active validators or block producers (source: Active) |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 4 | 60% of today's supply allocated at launch to founders, a company, a foundation or investors. 1B fixed supply. Team, contributors and advisors ~23%, early supporters 15.58%, on-chain treasury ~15% and airdrop 7% are counted as insider (about 60%). The ~40% mining-rewards pool (sequencer mining, ZK-proof verification, ecosystem rewards) is excluded as a participant pool. source |
| Fundraising | 4 | Sold by its issuer or insiders: 60% of supply was theirs to sell, 15.6% sold so far. 15.58% 'early supporters' with cliff and vesting, read as investors. No amounts or names were found. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. GOAT has a fixed 1B supply, all created at TGE. Sequencer and prover mining rewards are paid from the pre-minted ~40% mining-rewards pool, and the ~15% treasury was a genesis allocation (premine). There is no new issuance to cut. 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) | ✓ | Accounts are derived from user-generated keys and the EVM checks only signatures and balances; no identity check is part of the chain's rules. |
| UTXO ledger (A new key for each payment · Whitepaper §2, §9) | ✗ | |
| Network privacy (Origin hidden by default) | ✗ | Devp2p relays transactions directly from the sending node; no Dandelion-style relay or built-in Tor. |
| Hidden amounts (Amounts confidential) | ✗ | Account-based EVM chain with public balances and transfer amounts. |
| Hidden parties (Sender and receiver hidden) | ✗ | Sender and receiver addresses are public; no ring signatures, ZK sender proofs or stealth addresses in the protocol. |
| Programmability (tokens, contracts, 5 checks) | 8.9 | 8 of 9 points source |
| Token issuance (At protocol level) | 2 | ERC-20 contracts on GOAT Network's own EVM (a Bitcoin-anchored L2, which is GOATED's chain), open to any account; GOATED itself is a predeployed ERC-20, and third-party contracts appear on its explorer. |
| Smart contracts (General-purpose) | 2 | EVM on GOAT Network (chain ID 2345), the Bitcoin-anchored L2 that is GOATED's own chain, open to any account; blocks produced in October 2026. |
| Multisig and time locks (Without a third party) | ✓ | EVM contracts can enforce m-of-n signatures and block-time locks. |
| Atomic swaps (With other chains) | ✓ | Hash-locked, time-locked contracts can be written for its EVM. |
| Native exchange (Built into the protocol) | ✗ | No exchange in the protocol. |
| Cross-chain messaging (Verified by the chain itself) | ✓ | Its BitVM2 bridge to Bitcoin is part of the network design, with a 1-of-n honest-operator assumption and permissionless challenges rather than a multisig; low confidence on whether this counts as verification by the chain's own nodes. |
| NFTs (Carried by the chain's rules) | ✓ | ERC-721 contracts on its EVM. |
| Supply & Demand | 6.7 | group average |
| Supply & Demand (Source) | 5.5 | average of 6 measures |
| Exchanges (10 or more: 10) | 3 | 3 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 1.8 | $81,743 traded in 24 hours; #1703 by volume on the exchanges the site reads (scored on the median day of the last 30, $76,966) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.5 | 4.1% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 8.2 | $4,403 within 2% of the price on 2 exchanges, 0.30% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 0.4 | $1.5M, 0.4 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) | 7.8 | fixed maximum supply of 1 billion |
| Record | 6.3 | group average |
| Record (origin, claims, halts) | 10 | 3 positive, 0 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
| Age (years since genesis) (Source) | 1 | 1 full year since 2025-09-27, 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 source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 110 commits in 10 of the last 12 months (github.com/GOATNetwork/goat); Consensus client goat v0.4.7 'Security Fix' (github.com/GOATNetwork/goat, 2026-08-20), after v0.4.6 (2026-07-28), v0.4.5 and the Reese hard fork (2026-02/03); execution client goat-geth v0.4.2 (2026-03-17). |
| Shipped a security fix in two years, +1 | ✓ | goat v0.4.6–v0.4.7, Jul–Aug 2026: cosmos-sdk/CometBFT security upgrades and an urgent 'Security Fix' release; v0.4.4 Reese fork, Mar 2026: unlock-queue and beacon-root bug fixes. |
| Shipped a new capability for users in two years, +1 | ✓ | GOAT Osaka hard fork (goat v0.4.1 / goat-geth), Dec 2025, mainnet height 8,821,000: Ethereum Fusaka/Osaka EVM changes. |
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.
132,113,381 of a maximum 1,000,000,000 GOATED are in circulation — 13.2% of the total that will ever exist.
| Premine (allocated at launch) | 60% of today's supply |
|---|---|
| Sold by the issuer or insiders | 15.6% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Nodes or validators | 4 |
| Fundraising | Private or venture funding |
1B fixed supply. Team, contributors and advisors ~23%, early supporters 15.58%, on-chain treasury ~15% and airdrop 7% are counted as insider (about 60%). The ~40% mining-rewards pool (sequencer mining, ZK-proof verification, ecosystem rewards) is excluded as a participant pool.
15.58% 'early supporters' with cliff and vesting, read as investors. No amounts or names were found.
GOAT has a fixed 1B supply, all created at TGE. Sequencer and prover mining rewards are paid from the pre-minted ~40% mining-rewards pool, and the ~15% treasury was a genesis allocation (premine). There is no new issuance to cut.
The percentages are approximate in the source (they sum to ~100.6%). Part of the mining pool is 'ecosystem contributor' rewards that may be discretionary, so preminePct may be understated. 'Early supporters' is not defined as investors.
Sources: docs.goat.network · crypto.news · moroccoworldnews.com. Researched 2026-10-26, 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.
GOAT Network is #223 among cryptocurrencies and #1771 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 1548 places between GOAT 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).