Saga ranks #152 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1034: 882 of the 1033 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 1266 non-native assets CoinSpectrum lists above it by market cap, about 70% are tokens, 22% are claims on other assets and 8% are memecoins.
| CoinSpectrum Grade | C · 59/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #152 |
| Rank counting claims | #1034 |
| Market capitalisation | $8M |
| Price | $0.0183 |
| Circulating supply | 453,531,597 SAGA |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | Tendermint (CometBFT) |
| Network purpose | Smart-contract platform |
| Ledger type | Single-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 — 59 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 53 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) | 5.3 | group average, 10 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 7.3 | 4.4 of 6 points source |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 4.1 | no fixed maximum; 454 million in circulation: supply scale 8.2, cap 0 |
| Durability (Sustainability · 1 Store of value) | ✗ | 2 full years 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 $0.000093; about 12,882 transactions a second, 10 on the throughput scale (5 is the busiest networks' median demand) |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 6 decimal places, the smallest unit worth $1.8e-8 |
| 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 $0.000093 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 10 | about 12,882 simple transactions a second |
| Block time (10 minutes 10, less either side) | 2.7 | a block every 5.69 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 22 MB limit, 2320 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper §11) | ✗ | CometBFT gives deterministic finality with ~5.7 s blocks (borderline on the 5 s line). |
| 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) | 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%) | ✓ | 29.75% |
| Largest three (Under 75% together) | ✓ | 50.9% |
| Clients (More than one maintained) | ✗ | 1 |
| Open source (Node software) | ✓ | Saga Origins maintains the SagaOS chain, sagaxyz/ssc (Apache-2.0). |
| Real use (1,000+ transactions a day) | ✓ | about 1,047 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 freeze or clawback power located; no halts on record. source |
| No central team (Source) | 0 | A central team directs it: Saga Origins maintains the SagaOS chain, sagaxyz/ssc (Apache-2.0). 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 | 90.5% of today's supply allocated at launch to founders, a company, a foundation or investors. The 1B SAGA genesis supply (April 2024) was allocated in full: ecosystem and development 30%, core contributors 20%, investors 20%, airdrops 15.5%, foundation reserve 10%, Binance Launchpool 4.5%. Current total is 1,104,581,084 SAGA (CoinGecko, 2026-10-23); the rest is staking inflation. source |
| Fundraising | 0.9 | Sold by its issuer or insiders: 90.5% of supply was theirs to sell, 18.1% sold so far. Venture rounds totalling about $13.5M by November 2023 (Decrypt), including a $5M seed extension led by Placeholder. Other investors include Maven11, LongHash, Samsung Next, Com2uS and Polygon. Other accounts put the total at $15.5M. Investors hold 20% of genesis. The Binance Launchpool tranche was farmed, not sold. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. x/mint inflation is fixed at 3% a year (min = max = 3%), paid to stakers through the fee collector; 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 SAGA; 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) | 2.2 | 2 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts | 0 | The SSC hub runs no CosmWasm, EVM or token-factory module; contracts run on chainlets, which are separate chains. |
| Multisig and time locks (Without a third party) | ✓ | Cosmos SDK threshold multisig keys and the x/auth/vesting module are in the hub app. |
| Atomic swaps (With other chains) | ✗ | No hash-lock module or contract system on the hub. |
| Native exchange (Built into the protocol) | ✗ | No exchange module. |
| Cross-chain messaging (Verified by the chain itself) | ✓ | IBC transfer and interchain-accounts modules (ibc-go v10), with open channels on mainnet. |
| NFTs (Carried by the chain's rules) | ✗ | No NFT module or contract system on the hub. |
| Supply & Demand | 6.7 | group average |
| Supply & Demand (Source) | 5.2 | average of 6 measures |
| Exchanges (10 or more: 10) | 9 | 9 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 5.7 | $4,098,718 traded in 24 hours; #195 by volume on the exchanges the site reads (scored on the median day of the last 30, $7,209,840) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 3.8 | 73% 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 | $400,826 within 2% of the price on 4 exchanges, 4.8% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 2.3 | $8.3M, 2.3 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 0.4 | futures, options and margin positions 91% of its market cap |
| Supply (smaller is better) | 8.2 | no fixed maximum; 454 million in circulation |
| Record | 6.7 | 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) | 2 | 2 full years since 2024-04-09, 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 | ✓ | 104 commits in 5 of the last 12 months (github.com/sagaxyz/ssc); sagaxyz/ssc v4.0.0, 2026-03-12; releases v2.0.0, v3.0.0, v3.0.1, v4.0.0 since Dec 2025. |
| Shipped a security fix in two years, +1 | ✓ | ssc v2.0.0, Dec 2025: fixed non-deterministic gas consumption (consensus bug); chain runs CometBFT 0.38.21, which includes the GHSA-hrhf-2vcr-ghch and CSA-2026-001 fixes |
| Shipped a new capability for users in two years, +1 | ✓ | ssc v4.0.0, 12 Mar 2026: native liquid staking |
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.
453,531,597 SAGA are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 90.5% of today's supply |
|---|---|
| Sold by the issuer or insiders | 18.1% 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 |
The 1B SAGA genesis supply (April 2024) was allocated in full: ecosystem and development 30%, core contributors 20%, investors 20%, airdrops 15.5%, foundation reserve 10%, Binance Launchpool 4.5%. Current total is 1,104,581,084 SAGA (CoinGecko, 2026-10-23); the rest is staking inflation.
Venture rounds totalling about $13.5M by November 2023 (Decrypt), including a $5M seed extension led by Placeholder. Other investors include Maven11, LongHash, Samsung Next, Com2uS and Polygon. Other accounts put the total at $15.5M. Investors hold 20% of genesis. The Binance Launchpool tranche was farmed, not sold.
x/mint inflation is fixed at 3% a year (min = max = 3%), paid to stakers through the fee collector; community_tax is 0.
The site has no label yet. Allocations follow Binance Research as relayed by ChainCatcher. DefiLlama shows a different interim split, and tokenomics.com wrongly calls supply fixed at 1B. Saga's own docs were not reached.
Sources: rest.cosmos.directory · rest.cosmos.directory · chaincatcher.com · decrypt.co · decrypt.co · coingecko.com. Researched 2026-10-24, high 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.
Saga is #152 among cryptocurrencies and #1034 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 882 places between Saga'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).