Mavryk Network ranks #167 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #4643: 4476 of the 4642 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 1401 non-native assets CoinSpectrum lists above it by market cap, about 72% are tokens, 21% are claims on other assets and 7% are memecoins.
| CoinSpectrum Grade | C · 59/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #167 |
| Rank counting claims | #4643 |
| Market capitalisation | $6M |
| Price | $0.00556 |
| Circulating supply | 1,043,919,061 $MVRK |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | Liquid PoS (Tenderbake) |
| Network purpose | Smart-contract platform |
| Ledger type | Single-asset ledger |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
C — 59 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 53 to 63 (C to C).
| 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, 12 of 13 measured |
| Sound Money Qualities (6 checks) | 8.8 | 4.4 of 5 points, 1 not yet measured source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 3.9 | no fixed maximum; 1.04 billion in circulation: supply scale 7.7, cap 0 |
| Durability: five years or more with no halt, freeze or reversal | – | |
| 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 | ✓ | 6 decimal places, the smallest unit worth $5.6e-9 |
| Portability: fees of a cent or less and capacity for real demand | ✓ | typical fee $0.0000012; about 338 transactions a second (6.7 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) | 6 | 3 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | Implicit accounts are hashes of user-generated keys, as in Tezos, with 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) | ✗ | Octez-derived Mavkit node gossips operations directly; no Dandelion-style relay or built-in Tor. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✓ | Sapling shielded transactions inherited from Tezos are in the live Boreas protocol (Sep 2025), usable through Sapling contracts. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✓ | Sapling zk-SNARK spends hide the sender and diversified shielded addresses hide the receiver inside the shielded pool. |
| Scalability (fees, throughput, block time, block space, features) | 6.7 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.0000012 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 6.7 | about 338 simple transactions a second |
| Block time (10 minutes 10, less either side) | 3.6 | a block every 10 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 0.524 MB limit, 31.5 MB per 10 minutes |
| Features (3 checks) | 3.3 | 1 of 3 passed |
| Payments safe to accept within seconds | ✗ | Tenderbake with 10-second blocks finalises after two blocks, about 20 seconds. |
| Pruned nodes: a full node can validate and drop old history | ✓ | Tezos-derived rolling history mode (Mavkit, mainnet Sep 2025) keeps only a minimal recent fragment of chain data and garbage-collects older blocks each cycle. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | Octez-style client light mode only cross-checks several RPC endpoints with Merkle proofs; no header-verifying light client. |
| 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% | ✓ | 17.5% |
| Largest three under 75% | ✓ | 49.7% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | Mavryk Dynamics maintains the only client, mavryk-network/mavryk-protocol on GitLab, a fork of tezos/tezos (MIT-licensed Octez code); protocol amendments use Tezos-style on-chain baker votes. |
| Real on-chain use: 1,000+ transactions a day | ✗ | about 278 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 | Michelson smart contracts inherited from its Tezos fork, open to any account, carry FA1.2/FA2 tokens; mainnet since September 2025. |
| Smart contracts: a general-purpose contract system | 2 | Michelson smart contracts inherited from its Tezos fork (Boreas protocol), open to any account on mainnet since September 2025. |
| Multisig and time locks | ✓ | Michelson contracts can check several signatures (CHECK_SIGNATURE) against a threshold and compare the block time or level, as in Tezos's generic multisig and timelock contracts. |
| Atomic swaps with other chains | ✓ | Michelson can express hash-locked, time-locked contracts (SHA256 plus NOW), the construction Tezos atomic-swap contracts use. |
| An exchange built into the protocol | ✗ | No exchange in the protocol found in its documentation; DeFi tutorials build AMMs as user contracts. |
| Cross-chain messaging the chain verifies itself | ✗ | No protocol-level cross-chain messaging in its documentation; asset bridges are separate services. |
| Non-fungible tokens | ✓ | NFT contracts on its Michelson VM (the Mavryk docs tutorial builds one); the FA2 multi-asset standard comes with its Tezos lineage. |
| Decentralisation | 4.8 | section average, 7 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol-level freeze, blacklist or halt power over MVRK in implicit accounts; the protocol is the Tezos economic protocol with Mavryk parameters. source |
| No central team (Source) | 0 | A central team directs it: Mavryk Dynamics maintains the only client, mavryk-network/mavryk-protocol on GitLab, a fork of tezos/tezos (MIT-licensed Octez code); protocol amendments use Tezos-style on-chain baker votes. source |
| Who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | 4.5 | 23 active validators or block producers (source: Active) |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 0.4 | 96% of today's supply allocated at launch to founders, a company, a foundation or investors. 1B MVRK genesis (TGE 2025-09-18): Private Sales 20%, Foundation 18%, Core Contributors 16%, Protocol Treasury 10%, Liquidity Mining 10%, Validator (loan) Program 9%, Public Round & Community Incentives 8.5%, Ambassadors 2.5%, Advisory 2%. These sum to 96%; 4% is unaccounted for. Against ~1.043B current supply (about 4% inflation since), 1.0/1.043 = 96%. source |
| Fundraising | 0.4 | Sold by its issuer or insiders: 96% of supply was theirs to sell, 19.2% sold so far. Private sales 20% (200M). Mavryk Dynamics raised $5.2M (February 2025; Ghaf Capital, Big Brain, MetaVest and others) plus a $10M strategic round led by MultiBank Group, about $15.7M in total. A public round is bundled with community incentives in the 8.5% bucket, and its size was not disclosed. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. Mavryk is a Tezos fork (Boreas protocol). Issuance (~3.6%/yr) goes to bakers, attesters and stakers, and no protocol-treasury or foundation share of issuance is documented. The Protocol Treasury was a 10% genesis allocation, not a reward stream. source |
| Supply & Demand | 4.6 | group average |
| Supply & Demand (Source) | 1.4 | average of 3 measures |
| Exchanges (10 or more: 10) | – | exchanges not yet counted |
| Daily volume ($10K 0, $1B or more 10) | 0 | $9,704 traded in 24 hours; #2549 by volume |
| Turnover (volume ÷ market cap, 5% a day: 10) | 2.2 | 0.17% 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) | 1.9 | $5.8M, 1.9 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) | 7.7 | no fixed maximum; 1.04 billion in circulation |
| Record | 6 | group average, 2 of 3 measured |
| 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) | — | Genesis date not yet researched |
| Development (work, improvements, unfixed issues) | 2 | 1 positive, 0 negative source |
| Positive | ||
| Steady work, 2 of 6 | ✓ | 5 commits in 3 of the last 12 months (gitlab.com/mavryk-network/mavryk-protocol); mavryk-protocol (Mavkit) final releases in the last 24 months: mavkit-v20.4 (2026-05-12) and mavkit-v20.3 (2025-09-13); release candidates v20.3-rc1/rc2 (2025-01, 2025-03) and v20.2-rc3 (2024-12-26) also fall in the window. The chain still runs protocol Boreas, unchanged since cycle 2 (Sep 2025). |
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.
1,043,919,061 $MVRK are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 96% of today's supply |
|---|---|
| Sold by the issuer or insiders | 19.2% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Nodes or validators | 23 |
| Fundraising | Public sale |
1B MVRK genesis (TGE 2025-09-18): Private Sales 20%, Foundation 18%, Core Contributors 16%, Protocol Treasury 10%, Liquidity Mining 10%, Validator (loan) Program 9%, Public Round & Community Incentives 8.5%, Ambassadors 2.5%, Advisory 2%. These sum to 96%; 4% is unaccounted for. Against ~1.043B current supply (about 4% inflation since), 1.0/1.043 = 96%.
Private sales 20% (200M). Mavryk Dynamics raised $5.2M (February 2025; Ghaf Capital, Big Brain, MetaVest and others) plus a $10M strategic round led by MultiBank Group, about $15.7M in total. A public round is bundled with community incentives in the 8.5% bucket, and its size was not disclosed.
Mavryk is a Tezos fork (Boreas protocol). Issuance (~3.6%/yr) goes to bakers, attesters and stakers, and no protocol-treasury or foundation share of issuance is documented. The Protocol Treasury was a 10% genesis allocation, not a reward stream.
Liquidity Mining (10%) is counted as an insider/ecosystem allocation because the project distributes it from genesis supply; without it, preminePct would be ~86. soldPct counts only the 20% private sales, so it is a floor.
Sources: docs.stakingrewards.com · stakingrewards.com · ventureburn.com · decrypt.co. Researched 2026-10-26, low 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.
Mavryk Network is #167 among cryptocurrencies and #4643 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 4476 places between Mavryk 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).