Spacemesh ranks #356 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #4796: 4440 of the 4795 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.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #356 |
| Rank counting claims | #4796 |
| Price | $0.000281 |
| Circulating supply | 0 SMH |
| Maximum supply | 2,400,000,000 SMH |
| Consensus family | Proof of Space / Storage |
| Consensus mechanism | Proof of Space-Time (PoST) |
| Network purpose | Payments |
| Ledger type | Single-asset ledger |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
Grade pending. Spacemesh's launch — how much went to insiders, whether it was sold to investors — is still being researched. A grade is not given until it is, so that a coin is never rated higher for what is not yet known.
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 5.5 | group average |
| Consensus: leader ladder | 5.5 | Proof of space: 5.5 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 5.5 | Proof of space: 5.5 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 5.7 | group average, 4 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 7.3 | 2.9 of 4 points, 2 not yet measured |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 8.7 | fixed maximum supply of 2.4 billion: supply scale 7.3, cap 10 |
| Durability (Sustainability · 1 Store of value) | ✗ | 2 full years since its first recorded price, record not yet reviewed |
| Fungibility (Interchangeability · 3 Unit of account) | ✓ | every unit identical and worth any other |
| Portability (Scalability · 2 Medium of exchange) | – | |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 9 decimal places, the smallest unit worth $2.8e-13 |
| Verifiability (Authenticity check · 1 Store of value · Whitepaper §8) | – | |
| Scalability (fees, throughput, block time, block space, features) | — | too few measures yet source |
| Fees ($0.001 or less 10, $1 or more 0) | – | not yet measured |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | – | not yet measured |
| Block time (10 minutes 10, less either side) | 8.9 | a block every 5 minutes |
| Block space per 10 minutes (32 MB or more 10) | – | not yet measured |
| Features (3 checks) | 0 | 0 of 1 passed, 2 not yet researched |
| Fast payments (Safe to accept within seconds · Whitepaper §11) | – | |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | – | go-spacemesh prunes activesets and proposals and supports checkpoint recovery, but whether a node can drop old layers and still validate could not be established. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | No light client in go-spacemesh; wallets query a node. |
| Security (miner pay and 7 checks) | — | 0 of 3 points, 6 not yet measured |
| 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%) | – | |
| Largest three (Under 75% together) | – | |
| Clients (More than one maintained) | – | |
| Open source (Node software) | – | |
| Real use (1,000+ transactions a day) | – | |
| No 51% attack (Nor a deep reorganisation, five years) | – | |
| Decentralisation | 6.5 | section average, 2 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds |
| No central team (Source) | — | Not yet researched |
| Who can mint (Source) | 2.9 | Proof of space: 2.9 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | — | Launch not yet researched |
| Fundraising | — | Launch not yet researched |
| Developer share (after launch) | — | Not yet researched |
| Privacy | 2.5 | section average |
| Privacy (5 checks) | 2.5 | 1 of 5 passed, 1 not yet measured source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | ✓ | Wallet accounts are keys anyone generates; no identity rule. |
| UTXO ledger (A new key for each payment · Whitepaper §2, §9) | – | |
| Network privacy (Origin hidden by default) | ✗ | go-spacemesh v1.8.3: libp2p gossip without Dandelion or Tor. |
| Hidden amounts (Amounts confidential) | ✗ | Public account balances. |
| Hidden parties (Sender and receiver hidden) | ✗ | Public accounts; no ring signatures or stealth addresses. |
| Programmability (tokens, contracts, 5 checks) | 1.1 | 1 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts | 0 | The mainnet genesis VM runs only a fixed set of precompiled templates (wallet, multisig, vesting, vault) with no user-deployed contracts; users cannot deploy their own contracts. |
| Multisig and time locks (Without a third party) | ✓ | The genesis VM's multisig template gives m-of-n spending and the vault template releases coins on a layer-based schedule. |
| Atomic swaps (With other chains) | ✗ | The fixed templates have no hash lock, so HTLCs cannot be expressed. |
| Native exchange (Built into the protocol) | ✗ | No exchange in the Spacemesh protocol. |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol-level cross-chain messaging. |
| NFTs (Carried by the chain's rules) | ✗ | No token or NFT type on mainnet. |
| Supply & Demand | 3.7 | group average |
| Supply & Demand (Source) | 0 | average of 1 measure |
| Exchanges (10 or more: 10) | – | exchanges not yet counted |
| Daily volume ($10K 0, $1B or more 10) | 0 | $2,496 traded in 24 hours; #2967 by volume |
| Turnover (volume ÷ market cap, 5% a day: 10) | – | not measured |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | – | not measured |
| Market cap ($1M 0, $10B or more 10) | – | not measured |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | – | not measured |
| Supply (smaller is better) | 7.3 | fixed maximum supply of 2.4 billion |
| Record | 1.5 | group average, 2 of 3 measured |
| Record (origin, claims, halts) | — | Not yet reviewed |
| Age (years since genesis) (Source) | 2 | 2 full years since 2024-03-12, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 1 | 1 positive, 0 negative source |
| Positive | ||
| Shipped a security fix in two years, +1 | ✓ | go-spacemesh v1.7.15 (25 Feb 2025): malfeasance-v2 proofs stop malicious identities from earning rewards; v1.8.0 (Mar 2025) fixed possible DB transaction corruption in sync. |
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.
0 of a maximum 2,400,000,000 SMH are in circulation — 0.0% of the total that will ever exist.
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.
Spacemesh is #356 among cryptocurrencies and #4796 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 4440 places between Spacemesh'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).