Cycle Network ranks #145 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #958: 813 of the 957 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 1191 non-native assets CoinSpectrum lists above it by market cap, about 69% are tokens, 23% are claims on other assets and 8% are memecoins.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #145 |
| Rank counting claims | #958 |
| Market capitalisation | $10M |
| Price | $0.0647 |
| Circulating supply | 153,700,000 CYC |
| Maximum supply | 1,000,000,000 CYC |
| Consensus family | Other |
| Consensus mechanism | — not yet curated |
| 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. Cycle Network'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) | — | group average, 0 of 2 measured |
| Consensus: leader ladder | — | Consensus not yet reviewed |
| Consensus: family ladder | — | Consensus not yet reviewed |
| Cryptocurrency Standards (Source) | 0 | group average, 1 of 13 measured |
| Sound Money Qualities (6 checks) | — | 1.9 of 3 points, 3 not yet measured |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 8.9 | fixed maximum supply of 1 billion: supply scale 7.8, cap 10 |
| Durability: five years or more with no halt, freeze or reversal | ✗ | 1 full year 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 | – | |
| Divisibility: the smallest unit worth a cent or less | ✓ | 18 decimal places, the smallest unit worth $6.5e-20 |
| Portability: fees of a cent or less and capacity for real demand | – | |
| Verifiability: open-source nodes and checking without a trusted server | – | |
| Privacy (5 checks) | — | 1 of 5 passed, 4 not yet measured |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Any secp256k1 key can hold and send CYC; the chain's account and transfer 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) | – | Not established. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | – | Not established. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | – | Not established. |
| Scalability (fees, throughput, block time, block space, features) | — | not yet measured 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) | – | not yet measured |
| Block space per 10 minutes (32 MB or more 10) | – | not yet measured |
| Features (3 checks) | – | not yet researched |
| Payments safe to accept within seconds | – | Not established: public pages describe a chain-abstraction settlement layer without stating consensus or finality. |
| 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) | — | 1 of 4 points, 5 not yet measured source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | 0 | not mined |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | not mined |
| Largest pool or validator under 50% | – | |
| Largest three under 75% | – | |
| More than one maintained client | – | |
| Node software is open source | – | A single project team runs Cycle Network; no public node repository located. |
| Real on-chain use: 1,000+ transactions a day | – | |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | — | 0 of 0 points, 9 not yet researched |
| Token issuance | – | Not established: Cycle describes a cross-chain settlement layer with rollup-style chains, and no source shows a mainnet where CYC pays gas and any account can deploy contracts or issue tokens. |
| Smart contracts | – | Not established: Cycle describes a cross-chain settlement layer and account-abstraction model, but no source shows a live base layer where CYC pays gas and users deploy contracts. |
| Multisig and time locks | – | Not established for the same reason. |
| Atomic swaps with other chains | – | Not established for the same reason. |
| An exchange built into the protocol | – | Not established: no exchange in a live Cycle protocol was found. |
| Cross-chain messaging the chain verifies itself | – | Not established: omnichain messaging is the stated goal, but the documentation does not describe a live mechanism or who verifies it. |
| Non-fungible tokens | – | Not established for the same reason. |
| Decentralisation | 0 | section average, 1 of 8 measured |
| Censorship resistant (Source) | — | Not yet researched |
| No central team (Source) | 0 | A central team directs it: A single project team runs Cycle Network; no public node repository located. source |
| Who can mint (Source) | — | Consensus not yet reviewed |
| 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 |
| Supply & Demand | 5.5 | group average |
| Supply & Demand (Source) | 3.2 | average of 3 measures |
| Exchanges (10 or more: 10) | – | exchanges not yet counted |
| Daily volume ($10K 0, $1B or more 10) | 1.6 | $66,666 traded in 24 hours; #1715 by volume |
| Turnover (volume ÷ market cap, 5% a day: 10) | 5.4 | 0.67% of its market cap a day |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | – | no order book on the nine exchanges read |
| Market cap ($1M 0, $10B or more 10) | 2.5 | $9.9M, 2.5 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | – | not measured |
| Supply (smaller is better) | 7.8 | fixed maximum supply of 1 billion |
| Record | 5.7 | 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) | 1 | 1 full year since 2025-08-04, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 6 | 1 positive, 0 negative, 5 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | No public client repository located; listed as a cross-chain settlement layer. Not verified. |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a privacy improvement in two years | – | |
| Shipped a scaling upgrade in two years | – | |
| Shipped a new capability for users in two years | – | |
| Unfixed vulnerabilities and exploits | – | |
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.
153,700,000 of a maximum 1,000,000,000 CYC are in circulation — 15.4% 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.
Cycle Network is #145 among cryptocurrencies and #958 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 813 places between Cycle Network'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).