Electra Protocol ranks #202 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1576: 1374 of the 1575 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 1813 non-native assets CoinSpectrum lists above it by market cap, about 76% are tokens, 19% are claims on other assets and 5% are memecoins.
| CoinSpectrum Grade | C · 63/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #202 |
| Rank counting claims | #1576 |
| Market capitalisation | $2M |
| Price | $0.000125 |
| Circulating supply | 18,430,559,068 XEP |
| Maximum supply | 30,000,000,560 XEP |
| Consensus family | Proof of Stake |
| Consensus mechanism | Delta PoSV (X11) |
| Network purpose | Payments |
| Ledger type | Single-asset ledger |
| Launch distribution | Premine |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
C — 63 out of 100, provisional (from 19 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 60 to 65 (C to B).
| 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) | 6.4 | group average, 12 of 13 measured |
| Sound Money Qualities (6 checks) | 9.7 | 5.8 of 6 points source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 7.9 | fixed maximum supply of 30 billion: supply scale 5.7, cap 10 |
| Durability: five years or more with no halt, freeze or reversal | ✓ | 5 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 | ✓ | 8 decimal places, the smallest unit worth $1.3e-12 |
| Portability: fees of a cent or less and capacity for real demand | ✓ | typical fee $3e-8; about 886 transactions a second (8.3 on the throughput scale; 5 is the busiest networks' median demand) |
| Verifiability: open-source nodes and checking without a trusted server | ✓ | node software open source; pruned nodes validate everything |
| Privacy (5 checks) | 4 | 2 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Addresses are hashes of keys users generate themselves; the node checks scripts and signatures, with no identity condition in its consensus rules. |
| 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) | ✗ | Bitcoin-derived node relays its own transactions over clearnet by default; Tor (-proxy/-onion) needs user setup and there is no Dandelion. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | Transparent UTXO amounts; no confidential-transaction or shielded feature. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Transparent addresses; no ring signatures, ZK proofs or stealth addresses. |
| Scalability (fees, throughput, block time, block space, features) | 7.7 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $3e-8 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 8.3 | about 886 simple transactions a second |
| Block time (10 minutes 10, less either side) | 6.9 | a block every 1.3 minutes |
| Block space per 10 minutes (32 MB or more 10) | 10 | 40 MB limit, 300 MB per 10 minutes |
| Features (3 checks) | 3.3 | 1 of 3 passed |
| Payments safe to accept within seconds | ✗ | XEP Core is a Bitcoin Core 0.21-era fork that accepts BIP125 opt-in replace-by-fee in the mempool and has no double-spend proofs or instant locks; blocks arrive about every 86 s. |
| Pruned nodes: a full node can validate and drop old history | ✓ | XEP Core v1.0.5.0 keeps Bitcoin Core's -prune. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | Electra Protocol is proof of stake, so Bitcoin-style SPV cannot check the stake behind its headers, and no shipped light client verifies it; light wallets trust a server. |
| Security (miner pay and 7 checks) | 4 | 4 of 9 points 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% | ✓ | 4.7% |
| Largest three under 75% | ✓ | 12% |
| More than one maintained client | ✗ | 0 |
| Node software is open source | ✓ | XEP Core (MIT) lives in the ElectraProtocol GitHub organisation and is maintained by the Electra Protocol core team backed by the Electra Foundation. |
| Real on-chain use: 1,000+ transactions a day | ✗ | about 20 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 4.4 | 4 of 9 points source |
| Token issuance through a metaprotocol | 1 | OmniXEP: read by indexers, not validated by the chain's nodes |
| Smart contracts: scripting for spending conditions | 1 | Bitcoin Core-derived Script with spending conditions only; Solidity contracts are announced but not live. |
| Multisig and time locks | ✓ | OP_CHECKMULTISIG, OP_CHECKLOCKTIMEVERIFY and OP_CHECKSEQUENCEVERIFY in XEP-Core's script interpreter. |
| Atomic swaps with other chains | ✓ | Script can express HTLCs (hash check plus CLTV/CSV refund). |
| An exchange built into the protocol | ✗ | No exchange in the protocol. |
| Cross-chain messaging the chain verifies itself | ✗ | No cross-chain feature in the protocol. |
| Non-fungible tokens | ✗ | No token type in the protocol; OmniXEP tokens are a metaprotocol read by its own software. |
| Decentralisation | 6.6 | section average, 7 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol party can freeze, blacklist or claw back XEP or halt the chain; it is plain Bitcoin-style proof of stake. source |
| No central team (Source) | 0 | A central team directs it: XEP Core (MIT) lives in the ElectraProtocol GitHub organisation and is maintained by the Electra Protocol core team backed by the Electra Foundation. source |
| Who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | 7.9 | 229 reachable nodes (source: Peers) |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 0 | 100% of today's supply allocated at launch to founders, a company, a foundation or investors. Genesis (2020-12-29) premined 30B XEP in five outputs (27B + 1.5B + 3 x 0.5B), equal to the 30B soft cap (MAX_MONEY). Later PoW/PoS rewards are capped at a trickle, so about 100% of supply is the premine. source |
| Fundraising | 10 | No sale of the coin source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. XEP-Core contains a 10% treasury split (nTreasuryRewardPercentage = 10), but on mainnet both nTreasuryPaymentsStartBlock and nBudgetPaymentsStartBlock are set to the maximum integer, so it never activates. The small PoW (1 XEP) and 3% PoS rewards go to block producers. source |
| Supply & Demand | 4.9 | group average |
| Supply & Demand (Source) | 4 | average of 6 measures |
| Exchanges (10 or more: 10) | 1 | 1 exchange |
| Daily volume ($10K 0, $1B or more 10) | 1.6 | $58,909 traded in 24 hours; #1844 by volume on the exchanges the site reads (scored on the median day of the last 30, $60,478) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 8.4 | 2.5% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 2.1 | $97 within 2% of the price on 1 exchange, 0.00% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 0.9 | $2.3M, 0.9 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) | 5.7 | fixed maximum supply of 30 billion |
| Record | 5 | 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) | 5 | 5 full years since 2021-01-08, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 0 | 0 positive, 3 negative source |
| Negative | ||
| Steady work, 0 of 6 | ✗ | 0 commits in 0 of the last 12 months (github.com/ElectraProtocol/XEP-Core); Last XEP Core release is v1.0.5.0 (github.com/ElectraProtocol/XEP-Core, 2024-03-15), more than 24 months ago (v1.0.4.0 was 2022-03-14). The project itself is still active around the OmniXEP token layer, explorer and wallets, but the reference node has had no release in the window. |
| Unfixed vulnerability, disclosed 2024-10-08, −1 | ✗ | CVE-2024-35202: a crafted blocktxn message trips the assert in compact-block reconstruction and crashes the node; still in Electra Protocol v1.0.5.0. |
| Unfixed vulnerability, disclosed 2026-05-05, −1 | ✗ | CVE-2024-52911: a crafted invalid block can make script-check threads read freed precomputed transaction data and crash the node; still in Electra Protocol v1.0.5.0. |
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.
18,430,559,068 of a maximum 30,000,000,560 XEP are in circulation — 61.4% of the total that will ever exist.
| Premine (allocated at launch) | 100% of today's supply |
|---|---|
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Nodes or validators | 229 |
| Fundraising | No sale and no investor round |
Genesis (2020-12-29) premined 30B XEP in five outputs (27B + 1.5B + 3 x 0.5B), equal to the 30B soft cap (MAX_MONEY). Later PoW/PoS rewards are capped at a trickle, so about 100% of supply is the premine.
No public sale (Bitget: 'no initial public funding'). The Electra Foundation manages and releases the premine.
XEP-Core contains a 10% treasury split (nTreasuryRewardPercentage = 10), but on mainnet both nTreasuryPaymentsStartBlock and nBudgetPaymentsStartBlock are set to the maximum integer, so it never activates. The small PoW (1 XEP) and 3% PoS rewards go to block producers.
The circulating figure (~18.4B) reflects what the Foundation has released from the premine. Whether those releases were market sales is not documented, so soldPct is null.
Sources: github.com · github.com · bitget.com. Researched 2026-10-26, 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.
Electra Protocol is #202 among cryptocurrencies and #1576 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 1374 places between Electra Protocol'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).