MANTRA ranks #116 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #765: 649 of the 764 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 769 non-native assets CoinSpectrum lists above it by market cap, about 62% are tokens, 28% are claims on other assets and 9% are memecoins.
| CoinSpectrum Grade | C · 60/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #116 |
| Rank counting claims | #765 |
| Market capitalisation | $25M |
| Price | $0.00365 |
| Circulating supply | 6,734,616,864 MANTRA |
| Maximum supply | 10,000,000,000 MANTRA |
| Consensus family | Proof of Stake |
| Consensus mechanism | CometBFT (PoS) |
| 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 — 60 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 54 to 64 (C 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) | 5.1 | group average, 10 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 7.2 | 4.3 of 6 points source |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 3.2 | fixed maximum supply of 10 billion, but an issuer or vote can mint outside the schedule: supply scale 6.4, 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 $0.000037; about 290 transactions a second, 6.5 on the throughput scale (5 is the busiest networks' median demand) |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 18 decimal places, the smallest unit worth $3.7e-21 |
| Verifiability (Authenticity check · 1 Store of value · Whitepaper §8) | ✓ | node software open source; light clients verify from headers or proofs |
| Scalability (fees, throughput, block time, block space, features) | 7.9 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.000037 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 6.5 | about 290 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 | 1 MB limit, 100 MB per 10 minutes |
| Features (3 checks) | 10 | 3 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper §11) | ✓ | CometBFT single-block deterministic finality, with blocks averaging about 3.2 s. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Cosmos SDK state pruning and CometBFT state sync. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | CometBFT light client protocol verifies signed headers against the validator set, as used by IBC. |
| 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%) | ✓ | 37.42% |
| Largest three (Under 75% together) | ✓ | 52.27% |
| Clients (More than one maintained) | ✗ | 1 |
| Open source (Node software) | ✓ | mantrachain is developed by MANTRA, and the MANTRA Chain Association runs the largest validators. |
| Real use (1,000+ transactions a day) | ✗ | about 651 a day |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Decentralisation | 5 | section average, 6 of 8 measured |
| Censorship resistant (Source) | — | Not yet researched |
| No central team (Source) | 0 | A central team directs it: mantrachain is developed by MANTRA, and the MANTRA Chain Association runs the largest validators. source |
| Who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | 5.3 | 38 active validators or block producers (source: Bonded) |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 3.4 | 66% of today's supply allocated at launch to founders, a company, a foundation or investors. No open minting at launch (PoS). The mainnet genesis (Oct 2024) set 1,777,777,776 OM, made up of the 888.9M legacy ERC-20 OM plus 888.9M newly minted for an upgrade incentive (17.5%), core contributors (16.9%), mainnet pre-seed (5.6%), mainnet seed (~5.1%), a genesis airdrop (~2.8%) and an ecosystem fund (~2.1%). The 266.7M legacy ERC-20 staking-reward pool (30% of the legacy supply, paid to open stakers) is excluded, and a reported 150M OM founder burn is subtracted: (1,777.8 - 266.7 - 150)M = 1,361M OM, against the current on-chain total of 8,291.86M MANTRA = 2,073M OM-equivalent after the 1:4 split, which gives about 66%. Inflation paid to the MANTRA Chain Association (6.69% bucket) would add to this, but the amount emitted so far is not established. source |
| Fundraising | 3.4 | Sold by its issuer or insiders: 66% of supply was theirs to sell, 16.7% sold so far. Legacy OM (2020): private sale 9% and public distribution 8.5% of 888.9M, with a public sale of ~75.6M OM for ~$3.93M. Mainnet pre-seed (~99.9M OM) and seed (~90.1M OM) rounds, ~$11M per Tokenomist, with strategic investors including Nomura (Laser Digital). Sold = 345.6M OM-equivalent / 2,073M = 16.7%. source |
| Developer share (after launch) | 9.3 | Developer share: about 6.8% of today's supply received so far; 70% of each new block reward goes to them today. Two cuts on the CometBFT chain's inflation: the x/tax module sends a share of each block's fee-collector balance (inflation plus fees) to the MANTRA Chain Association: 40% from the October 2024 mainnet, raised to 60% by Prop 33 (v8.2.0, 9 June 2026); and Prop 39 (8 Oct 2026) set community_tax to 25% of the remaining staking pool, i.e. 10% of inflation to the community pool, leaving 30% to stakers. Arithmetic (estimate): inflation 8% (Oct 28 2024-Jan 1 2025), 3% (to Aug 27 2025), 8% (to Jun 9 2026), 16% since, on ~7.1-8.3B MANTRA-equivalent supply gives ~1.17B minted; 40% of ~0.69B + 60% of ~0.47B + ~6M community pool = ~0.57B / 8,295M = ~6.8%. 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 MANTRA; 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 mempool gossip with 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) | 8.9 | 8 of 9 points source |
| Token issuance (At protocol level) | 2 | Token Factory module and CosmWasm contracts, plus native EVM support since September 2025. |
| Smart contracts (General-purpose) | 2 | CosmWasm contracts plus a native EVM module since the v5.0.0 upgrade (September 2025). |
| Multisig and time locks (Without a third party) | ✓ | Cosmos SDK threshold multisig accounts, plus CosmWasm and EVM contracts for time-locked spending. |
| Atomic swaps (With other chains) | ✓ | HTLCs can be written as CosmWasm or Solidity contracts. |
| Native exchange (Built into the protocol) | ✗ | No exchange module in the app; MANTRA DEX runs as contracts. |
| Cross-chain messaging (Verified by the chain itself) | ✓ | IBC transfer and interchain-accounts modules (ibc-go v10) in the app. |
| NFTs (Carried by the chain's rules) | ✓ | The Cosmos SDK x/nft module is in the app, as are CW-721 and ERC-721 contracts. |
| Supply & Demand | 6.8 | group average |
| Supply & Demand (Source) | 7.1 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 14 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 5.2 | $7,477,458 traded in 24 hours; #288 by volume on the exchanges the site reads (scored on the median day of the last 30, $3,867,301) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 7.7 | 14% 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 | $260,329 within 2% of the price on 7 exchanges, 1.1% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 3.5 | $25M, 3.5 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 6.2 | futures, options and margin positions 14% of its market cap |
| Supply (smaller is better) | 6.4 | fixed maximum supply of 10 billion |
| 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, 2026-08-21 | ✗ | Team halted mantra-1 at block 17,449,398 and froze endpoints, validator activity, bridge operations and transactions after an exploit in the Cosmos EVM module; restarted on v8.4.0 at about 05:30 UTC on 2026-08-22 (roughly 30 hours) with no rollback. |
| Age (years since genesis) (Source) | 1 | 1 full year since 2025-05-21, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 7 | 3 positive, 1 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 274 commits in 12 of the last 12 months (github.com/MANTRA-Chain/mantrachain); mantrachain v8.6.0, released 2026-09-09. |
| Shipped a security fix in two years, +1 | ✓ | mantrachain v8.3.0, Jul 2026: mandatory consensus-breaking security release at block 16,555,888; v8.1.0 (Apr 2026) security-related ante and EVM gas-cap fixes. |
| Shipped a new capability for users in two years, +1 | ✓ | mantrachain v8.0.0, Apr 2026: upstream Cosmos EVM integration, ccv-provider module and OM-to-MANTRA migration. |
| Negative | ||
| Exploit of the chain, 2026-08-20, −1 | ✗ | An integer underflow in the shared Cosmos EVM module (delegating more than an account held wrapped its balance) let an attacker take about 720.9M MANTRA (~$3.6M) from the burn address and a dormant multisig; the chain was halted for about 30 hours and restarted on patched software. |
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.
6,734,616,864 of a maximum 10,000,000,000 MANTRA are in circulation — 67.3% of the total that will ever exist.
| Premine (allocated at launch) | 66% of today's supply |
|---|---|
| Sold by the issuer or insiders | 16.7% of today's supply |
| Developer share received since launch | 6.8% of today's supply |
| Developer share of new coins today | 70% |
| Nodes or validators | 38 |
| Fundraising | Private or venture funding |
No open minting at launch (PoS). The mainnet genesis (Oct 2024) set 1,777,777,776 OM, made up of the 888.9M legacy ERC-20 OM plus 888.9M newly minted for an upgrade incentive (17.5%), core contributors (16.9%), mainnet pre-seed (5.6%), mainnet seed (~5.1%), a genesis airdrop (~2.8%) and an ecosystem fund (~2.1%). The 266.7M legacy ERC-20 staking-reward pool (30% of the legacy supply, paid to open stakers) is excluded, and a reported 150M OM founder burn is subtracted: (1,777.8 - 266.7 - 150)M = 1,361M OM, against the current on-chain total of 8,291.86M MANTRA = 2,073M OM-equivalent after the 1:4 split, which gives about 66%. Inflation paid to the MANTRA Chain Association (6.69% bucket) would add to this, but the amount emitted so far is not established.
Legacy OM (2020): private sale 9% and public distribution 8.5% of 888.9M, with a public sale of ~75.6M OM for ~$3.93M. Mainnet pre-seed (~99.9M OM) and seed (~90.1M OM) rounds, ~$11M per Tokenomist, with strategic investors including Nomura (Laser Digital). Sold = 345.6M OM-equivalent / 2,073M = 16.7%.
Two cuts on the CometBFT chain's inflation: the x/tax module sends a share of each block's fee-collector balance (inflation plus fees) to the MANTRA Chain Association: 40% from the October 2024 mainnet, raised to 60% by Prop 33 (v8.2.0, 9 June 2026); and Prop 39 (8 Oct 2026) set community_tax to 25% of the remaining staking pool, i.e. 10% of inflation to the community pool, leaving 30% to stakers. Arithmetic (estimate): inflation 8% (Oct 28 2024-Jan 1 2025), 3% (to Aug 27 2025), 8% (to Jun 9 2026), 16% since, on ~7.1-8.3B MANTRA-equivalent supply gives ~1.17B minted; 40% of ~0.69B + 60% of ~0.47B + ~6M community pool = ~0.57B / 8,295M = ~6.8%.
Allocation percentages differ by base (Tokenomist 41.63/14.57/14.05... of an inflation-inclusive base vs DropsTab/Tokenomics.com 50/17.5/16.9... of the 1.78B genesis). The 66% figure depends on excluding the legacy staking pool and on the reported 150M burn. Without either adjustment it would be ~86% (7.11B genesis-equivalent / 8.29B). Grants, referrals and reserves in the legacy ERC-20 split (35% combined) were team-discretionary and are counted.
Sources: api.mantrachain.io · api.mantrachain.io · api.mantrachain.io · github.com · api.mantrachain.io · tokenomist.ai. 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.
MANTRA is #116 among cryptocurrencies and #765 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 649 places between MANTRA'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).