Alephium ranks #160 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1119: 959 of the 1118 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 1346 non-native assets CoinSpectrum lists above it by market cap, about 71% are tokens, 21% are claims on other assets and 7% are memecoins.
| CoinSpectrum Grade | B · 68/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #160 |
| Rank counting claims | #1119 |
| Market capitalisation | $7M |
| Price | $0.0483 |
| Circulating supply | 140,849,463 ALPH |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Work |
| Consensus mechanism | Blake3 (BlockFlow sharding) |
| Own hashrate | 5.02 PH/s |
| 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.
B — 68 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 59 to 72 (C to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 10 | group average |
| Consensus: leader ladder | 10 | Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 10 | Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 6 | group average, 11 of 13 measured |
| Sound Money Qualities (6 checks) | 6.3 | 2.5 of 4 points, 2 not yet measured source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 4.5 | no fixed maximum; 141 million in circulation: supply scale 8.9, cap 0 |
| Durability: five years or more with no halt, freeze or reversal | ✗ | 4 full years since its first recorded price, no halt, freeze or reversal in five years |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | ✓ | no authority can freeze, blacklist or set apart a coin |
| Divisibility: the smallest unit worth a cent or less | ✓ | 18 decimal places, the smallest unit worth $4.8e-20 |
| Portability: fees of a cent or less and capacity for real demand | – | typical fee $0.0001 |
| Verifiability: open-source nodes and checking without a trusted server | – | node software open source |
| Privacy (5 checks) | 4 | 2 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Anyone can generate keys and receive and send coins; the consensus rules carry no identity check. |
| UTXO ledger: a new key for each payment, no account linking every coin | ✓ | |
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | Alephium full nodes gossip transactions directly; no Dandelion or built-in Tor. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | Amounts are public. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Addresses are public. |
| Scalability (fees, throughput, block time, block space, features) | 4.8 | average of 3 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.0001 |
| 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) | 4.3 | a block every 16 seconds |
| 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 |
| Payments safe to accept within seconds | ✗ | BlockFlow with 16 shard chains at ~8 s per chain; confirmation is probabilistic over several blocks and the node offers no protected zero-confirmation or instant-lock mechanism. |
| Pruned nodes: a full node can validate and drop old history | – | Not established. |
| Light clients verify payments from headers or proofs, without a trusted server | – | Not established. |
| Security (miner pay and 7 checks) | 5.2 | 4 of 7 points, 2 not yet measured source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | 0.1 | about $1,124 a day |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✓ | |
| Largest pool or validator under 50% | – | |
| Largest three under 75% | – | |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | The only full node (alephium/alephium, LGPL-3.0) is developed by the Alephium core team (Alephium SA / Alephium Foundation), which sets the upgrade roadmap (Leman, Rhone, Danube). |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 10,500 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 7.8 | 7 of 9 points source |
| Token issuance at protocol level, validated by its own nodes | 2 | Native tokens in the UTXO model plus Ralph smart contracts, open to any account since the November 2021 mainnet. |
| Smart contracts: a general-purpose contract system | 2 | Ralph smart contracts on the stateful UTXO model since the November 2021 mainnet. |
| Multisig and time locks | ✓ | Native P2MPKH m-of-n lockup scripts and a lockTime on every asset output. |
| Atomic swaps with other chains | ✓ | Hash- and time-locked conditions can be written in Ralph contracts and scripts. |
| An exchange built into the protocol | ✗ | No exchange in the protocol; Ayin, Elexium and others are contracts. |
| Cross-chain messaging the chain verifies itself | ✗ | The Alephium Token Bridge runs on an external guardian network, not protocol verification. |
| Non-fungible tokens | ✓ | Native tokens issued by contracts, with NFT collections as Ralph contracts run by every node. |
| Decentralisation | 6.3 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol-level freeze, blacklist or halt key for ALPH; the July 2025 difficulty incident was resolved by pools changing behaviour, not by a halt power. source |
| No central team (Source) | 0 | A central team directs it: The only full node (alephium/alephium, LGPL-3.0) is developed by the Alephium core team (Alephium SA / Alephium Foundation), which sets the upgrade roadmap (Leman, Rhone, Danube). source |
| Who can mint (Source) | 10 | Proof of work: 10 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 3.8 | 62.2% of today's supply allocated at launch to founders, a company, a foundation or investors. 140M ALPH minted at genesis (November 2021): 80M sales, 30M ecosystem, 30M treasury and team. Current total is 225,187,127 ALPH (Alephium explorer API /infos/supply/total-alph, 2026-10-23). source |
| Fundraising | 3.8 | Sold by its issuer or insiders: 62.2% of supply was theirs to sell, 28% sold so far. Seed sale, pre-sale (reportedly $3.6M from 80 contributors) and a private sale tied to a Cetacean Capital partnership. 62,951,077 ALPH were sold and locked for 2–4 years. The other 17,048,943 of the sales tranche is reserved for later direct sales, liquidity and OTC, and is not counted as sold. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. No cut. All block rewards go to miners; Alephium has no dev fee or treasury share of issuance (ecosystem and treasury funds were allocated at genesis). source |
| Supply & Demand | 7.3 | group average |
| Supply & Demand (Source) | 5.6 | average of 6 measures |
| Exchanges (10 or more: 10) | 4 | 4 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 2.3 | $111,154 traded in 24 hours; #1441 by volume on the exchanges the site reads (scored on the median day of the last 30, $139,448) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 7.4 | 1.6% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 7.8 | $14,742 within 2% of the price on 3 exchanges, 0.22% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 2.1 | $6.8M, 2.1 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) | 8.9 | no fixed maximum; 141 million in circulation |
| Record | 7.3 | 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) | 4 | 4 full years since 2022-01-12, 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 | ✓ | 139 commits in 12 of the last 12 months (github.com/alephium/alephium); Reference full node alephium/alephium v4.7.3 released 2026-10-21; v4.7.0-v4.7.3 and v4.5-v4.6 all in 2026. |
| Shipped a scaling upgrade in two years, +1 | ✓ | Danube upgrade (v4.0.0), mainnet 15 Jul 2025: block time per chain cut from 16 s to ~8 s |
| Shipped a new capability for users in two years, +1 | ✓ | Danube upgrade, 15 Jul 2025: groupless addresses (passkey-signed, usable across shards) |
Twenty criteria, weighted equally. The Cryptocurrency Standards have six sections: sound money qualities (six checks: scarcity, durability, fungibility, divisibility, portability, verifiability), privacy (five checks), scalability (four measures and three features), security (miner pay and seven checks), programmability (token issuance, smart contracts and five checks) and decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share). 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.
140,849,463 ALPH are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 62.2% of today's supply |
|---|---|
| Sold by the issuer or insiders | 28% 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 |
140M ALPH minted at genesis (November 2021): 80M sales, 30M ecosystem, 30M treasury and team. Current total is 225,187,127 ALPH (Alephium explorer API /infos/supply/total-alph, 2026-10-23).
Seed sale, pre-sale (reportedly $3.6M from 80 contributors) and a private sale tied to a Cetacean Capital partnership. 62,951,077 ALPH were sold and locked for 2–4 years. The other 17,048,943 of the sales tranche is reserved for later direct sales, liquidity and OTC, and is not counted as sold.
No cut. All block rewards go to miners; Alephium has no dev fee or treasury share of issuance (ecosystem and treasury funds were allocated at genesis).
The site has no label yet. Its circulating figure (140.6M) is the explorer's circulating supply, not total supply; total is 225.2M. The $3.6M pre-sale figure appears only in an article URL and was not confirmed.
Sources: github.com · docs.alephium.org · alephium.org · backend.mainnet.alephium.org · alephium.org. Researched 2026-10-24, high confidence.
Alephium is secured by 5.02 PH/s of its own work. Hashrate does not compare across algorithms — a SHA-256 hash and a Scrypt hash cost different amounts to produce.
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.
Alephium is #160 among cryptocurrencies and #1119 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 959 places between Alephium'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).