Virtuals Protocol is a token. It has no blockchain of its own and no consensus of its own — it rents both from the chains it is issued on, which is why it is listed separately from the cryptocurrencies.
| CoinSpectrum Grade | C · 52/100 · provisional |
|---|---|
| Type | Token |
| Class | AI |
| Backing | Non-backed |
| Market capitalisation | $408M |
| Price | $0.6194 |
| Circulating supply | 658,385,842 VIRTUAL |
| Issued on | 5 chains |
Market data rebuilt every six hours; this build 28 October 2026. Live prices on the ranking.
C — 52 out of 100, provisional (from 8 of 10 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 42 to 62 (D to C).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms | 4.9 | group average |
| Host chain | 7.9 | Issued on Ethereum (A, 79/100) |
| Asset class (below every coin family) | 1.8 | Tokens: below every native coin family on the consensus ladders, 0.9 of 10 by largest asset and 2.7 by combined market cap |
| Network security | 0 | No network of its own: secured by its host chain, scored above |
| Decentralisation | 5.5 | group average, 3 of 4 measured |
| Minting and supply (who can mint more) | 10 | VirtualToken has onlyOwner mint(), but owner() is the zero address (renounced) on both Ethereum and Base.; fixed maximum supply source |
| Premine (pre-issued at launch) | 0 | 100% of supply pre-issued at launch. Fixed 1B minted at launch; no inflation. source |
| Fundraising | 6.5 | Sold to the public or to investors: 35% of supply was the insiders' to sell. No VIRTUAL sale; predecessor PathDAO raised a $16M seed (Dec 2021, led by DeFiance Capital and Beam) plus an IDO, then migrated to VIRTUAL (Dec 2023). 5% seeded into the liquidity pool counts as public launch. source |
| Holder concentration | — | Not yet measured |
| Supply & Demand | 7.7 | group average |
| Supply & Demand | 7.6 | average of 5 measures |
| Exchanges (10 or more: 10) | – | exchanges not yet counted |
| Daily volume ($10K 0, $1B or more 10) | 6.3 | $20,142,345 traded in 24 hours; #109 by volume on the exchanges the site reads (scored on the median day of the last 2, $13,856,576) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.6 | 4.1% of its market cap a day, median of the last 3 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 9.5 | $2,894,332 within 2% of the price on 9 exchanges, 0.71% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 6.5 | $408M, 6.5 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 6.3 | futures, options and margin positions 14% of its market cap |
| Supply (smaller is better) | 7.8 | fixed maximum supply of 1 billion |
| Record (origin, claims, halts) | — | Not yet reviewed |
Ten criteria, weighted equally — for a token, the host chain replaces the developer share, the asset class stands in for the consensus ladders, and who can mint more for the Cryptocurrency Standards. 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.
| Pre-issued at launch | 100% of supply |
|---|---|
| To team, investors and treasury | 35% of supply |
| Who can mint more | Fixed supply — no one can mint more |
| Fundraising | Private or venture funding |
Fixed 1B minted at launch; no inflation.
No VIRTUAL sale; predecessor PathDAO raised a $16M seed (Dec 2021, led by DeFiance Capital and Beam) plus an IDO, then migrated to VIRTUAL (Dec 2023). 5% seeded into the liquidity pool counts as public launch.
VirtualToken has onlyOwner mint(), but owner() is the zero address (renounced) on both Ethereum and Base.
soldPct unknown: the share of the 60% that traces back to PATH seed/IDO buyers is not established (at least 5% via LP). Insider would be 0 if the treasury is treated as DAO-governed.
Sources: whitepaper.virtuals.io · mexc.com · eth.blockscout.com. Researched 2026-10-23, low confidence.
It is issued on 5 chains, which means 5 separate issuances of the same claim. Linked names are chains that are themselves cryptocurrencies with a page here.
CoinSpectrum counts an asset once. A token has neither its own blockchain nor its own consensus mechanism, so it fails both of the site's two conditions — it is a thing issued on a chain, and the chain is what is counted. The methodology states the rule, and the argument for it is set out in full.
Listed, not hidden. The point is that it is measured as what it is.