Mintlayer ranks #271 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #2519: 2248 of the 2518 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 2788 non-native assets CoinSpectrum lists above it by market cap, about 80% are tokens, 16% are claims on other assets and 3% are memecoins.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #271 |
| Rank counting claims | #2519 |
| Market capitalisation | $323,667 |
| Price | $0.00504 |
| Circulating supply | 64,198,610 ML |
| Maximum supply | 599,990,190 ML |
| Consensus family | Proof of Stake |
| Consensus mechanism | PoS (VRF, chain density) |
| Network purpose | Financial ledger |
| 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. Mintlayer'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) | 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) | 5.6 | group average, 5 of 13 measured |
| Sound Money Qualities (6 checks) | 4.8 | 1.9 of 4 points, 2 not yet measured |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 9.1 | fixed maximum supply of 600 million: supply scale 8.1, cap 10 |
| Durability: five years or more with no halt, freeze or reversal | ✗ | 3 full years since its first recorded price, record not yet reviewed |
| Fungibility: every unit interchangeable, none the protocol can freeze or set apart | – | |
| Divisibility: the smallest unit worth a cent or less | ✓ | 11 decimal places, the smallest unit worth $5.0e-14 |
| Portability: fees of a cent or less and capacity for real demand | ✗ | typical fee $0.0014; about 35 transactions a second (3 on the throughput scale; 5 is the busiest networks' median demand) |
| Verifiability: open-source nodes and checking without a trusted server | – | |
| Privacy (5 checks) | 2.5 | 1 of 5 passed, 1 not yet measured 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) | ✗ | mintlayer-core has an optional SOCKS5 transport only; no Dandelion or default Tor. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | Transparent UTXO amounts. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Plain public addresses. |
| Scalability (fees, throughput, block time, block space, features) | 5.4 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 9.5 | typical fee $0.0014 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 3 | about 35 simple transactions a second |
| Block time (10 minutes 10, less either side) | 7.5 | a block every 2 minutes |
| Block space per 10 minutes (32 MB or more 10) | 6.8 | 1.05 MB limit, 5.2 MB per 10 minutes |
| Features (3 checks) | 0 | 0 of 1 passed, 2 not yet researched |
| Payments safe to accept within seconds | – | |
| Pruned nodes: a full node can validate and drop old history | – | No block-pruning option found in mintlayer-core 1.x; not established. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | Proof-of-stake UTXO chain with no light-client protocol in mintlayer-core; light wallets use its API server. |
| Security (miner pay and 7 checks) | — | 0 of 3 points, 6 not yet measured |
| 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 | – | |
| Real on-chain use: 1,000+ transactions a day | – | |
| No 51% attack or deep reorganisation in five years | – | |
| Programmability (tokens, contracts, 5 checks) | 6.7 | 6 of 9 points source |
| Token issuance at protocol level, validated by its own nodes | 2 | Native fungible tokens and NFTs in the consensus rules, issued by any wallet with a single transaction for an ML fee (100 ML for a fungible token), live since the January 2024 mainnet. |
| Smart contracts | 0 | UTXO chain with a fixed set of output types (Transfer, LockThenTransfer, Htlc, CreateOrder, token and staking outputs) and no user-programmable script or VM. |
| Multisig and time locks | ✓ | ClassicMultisig destinations (m-of-n) and LockThenTransfer outputs with an OutputTimeLock in mintlayer-core. |
| Atomic swaps with other chains | ✓ | Native Htlc outputs (secret hash, spend key, refund time lock) valid on mainnet since fork height 254,740, used for BTC cross-chain swaps. |
| An exchange built into the protocol | ✓ | On-chain orders (CreateOrder, fill, conclude) in the consensus rules since fork height 254,740, orders v1 since height 517,700. |
| Cross-chain messaging the chain verifies itself | ✗ | Cross-chain trades are HTLC swaps; the protocol carries no messages to other chains. |
| Non-fungible tokens | ✓ | IssueNft output type in the consensus rules since the January 2024 mainnet. |
| Decentralisation | 8.6 | section average, 1 of 8 measured |
| Censorship resistant (Source) | — | Not yet researched |
| No central team (Source) | — | Not yet researched |
| Who can mint (Source) | 8.6 | Proof of stake: 8.6 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 |
| Supply & Demand | 6.7 | group average |
| Supply & Demand (Source) | 5.3 | average of 6 measures |
| Exchanges (10 or more: 10) | 3 | 3 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 1.6 | $78,714 traded in 24 hours; #1841 by volume on the exchanges the site reads (scored on the median day of the last 30, $60,690) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 7.2 | 17% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 10 | $14,912 within 2% of the price on 3 exchanges, 4.6% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 0 | $324K, 0 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) | 8.1 | fixed maximum supply of 600 million |
| Record | 2.5 | group average, 2 of 3 measured |
| Record (origin, claims, halts) | — | Not yet reviewed |
| Age (years since genesis) (Source) | 3 | 3 full years since 2023-03-24, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 2 | 2 positive, 0 negative source |
| Positive | ||
| Shipped a security fix in two years, +1 | ✓ | Mintlayer Core v1.2.0 (Oct 2025), mainnet hard fork 20-21 Jan 2026: order-handling fixes and 'security enhancements' (not itemised). |
| Shipped a new capability for users in two years, +1 | ✓ | Mintlayer Core v1.0.0 (Jan 2025): on-chain orders and HTLCs for native BTC atomic swaps went live on mainnet. |
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.
64,198,610 of a maximum 599,990,190 ML are in circulation — 10.7% 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.
Mintlayer is #271 among cryptocurrencies and #2519 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 2248 places between Mintlayer'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).