Nervos Network ranks #71 of 508 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #365: 294 of the 364 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 374 non-native assets CoinSpectrum lists above it by market cap, about 53% are tokens, 40% are claims on other assets and 7% are memecoins.
| CoinSpectrum Grade | B · 71/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #71 |
| Rank counting claims | #365 |
| Market capitalisation | $69M |
| Price | $0.00139 |
| Circulating supply | 49,789,658,653 CKB |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Work |
| Consensus mechanism | Eaglesong |
| Own hashrate | 69 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 — 71 out of 100, provisional (from 15 of 17 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 63 to 75 (C to A).
| 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 | 7.2 | group average, 4 of 6 measured |
| Properties (10 whitepaper checks) (Source) | 5 | 5 of 10 passed source |
| Anyone can mint (permissionless) | ✓ | Eaglesong |
| Limited supply | ✗ | no fixed maximum |
| No pre-issuance or developer mint | ✗ | |
| No developer tax | ✓ | |
| No authority that can halt the chain or freeze funds | ✓ | Cell (generalised UTXO) model with no freeze or admin key. |
| No central team | ✗ | The Nervos Foundation and Cryptape develop the only node, nervosnetwork/ckb (MIT). |
| Fees under one cent | ✓ | typical fee $2e-7 |
| Payments safe to accept within seconds | ✗ | NC-Max proof-of-work blocks about every 9 s with probabilistic confirmation; no zero-confirmation protection. |
| UTXO ledger | ✓ | |
| Privacy built into the protocol | ✗ | |
| Scalability (fees, throughput, block time, block space) | 7.6 | average of 4 measures source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $2e-7 |
| Throughput (1,000 transactions a second or more 10) | 7.2 | about 141 simple transactions a second |
| Block time (10 minutes 10, less either side) | 3.3 | a block every 8.49 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 0.597 MB limit, 42.2 MB per 10 minutes |
| Security (9 checks) | 6 | 6 of 9 passed source |
| Miners paid over $1 million a day | ✗ | about $9,144 a day |
| Miners paid over $100,000 a day | ✗ | |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✓ | |
| Largest pool or validator under 50% | ✓ | 49.8% |
| Largest three under 75% | ✓ | 72.2% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | The Nervos Foundation and Cryptape develop the only node, nervosnetwork/ckb (MIT). |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 6,920 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Decentralisation: who can mint (Source) | 10 | Proof of work: 10 of 10 on the ladder of who produces blocks |
| Decentralisation: nodes (Source) | — | Not yet counted |
| Decentralisation: holder concentration (Source) | — | Not yet measured |
| Capabilities (protocol features) | 4 | 2 of 6 passed, 1 not yet measured source |
| Decentralisation | ||
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | ckb relays transactions directly. |
| Light clients verify payments from headers or proofs, without a trusted server | ✓ | CKB light client (RFC 44/45, FlyClient-based) verifies headers and Merkle proofs without trusting a server, mainnet 2023. |
| Scalability | ||
| Pruned nodes: a full node can validate and drop old history | – | No documented block-pruning mode found for the ckb full node. |
| Native payment channels or instant payments | ✓ | Fiber Network: Lightning-style payment channels built on CKB scripts, with mainnet releases (fnn v0.9.x, 2026). |
| Security | ||
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | No confidential transactions. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | No sender or receiver hiding. |
| Issuance | 6.7 | group average |
| Premine (allocated at launch) | 5 | 49.8% of today's supply allocated at launch to founders, a company, a foundation or investors. Genesis was 33.6B CKB, of which 25% (8.4B) was burned; the remaining 25.2B was allocated (public sale 21.5%, private sale 14%, ecosystem fund 17%, team 15%, strategic founding partners 5%, foundation 2%, testnet incentives 0.5%), against 50.62B total supply per the Nervos explorer API (2026-10-23). source |
| Fundraising | 5 | Sold by its issuer or insiders: 49.8% of supply was theirs to sell, 23.6% sold so far. Of the 33.6B genesis CKB, the 2019 public sale (incl. CoinList) took 21.5% = 7.224B and the 2018 private sale 14% = 4.704B, total 11.928B. 11.928B / 50,626,880,608 CKB (CoinGecko total, 2026-10-24) = 23.6%. Private sale (14% of genesis; 2018 investors) plus a public sale of 21.5% on CoinList in Oct 2019 (~$70M reported). source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. Primary issuance goes entirely to miners. Secondary issuance (1.344B CKB/yr) is split among miners, NervosDAO depositors and a treasury share, but that treasury share is burned rather than paid out until a treasury is activated by a future hard fork, so no one receives a cut. source |
| Supply & Demand | 4.3 | group average |
| Supply & Demand (Source) | 5.7 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 31 exchanges |
| Volume rank among the top 200 | 0 | $895,491 traded in 24 hours; #547 by volume on the exchanges the site reads (ranked on the median day of the last 30, $1,461,061) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 7.9 | 2.0% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 8.8 | $304,648 within 2% of the price on 5 exchanges, 0.44% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 4.6 | $69M, 4.6 on a scale of 2.5 points per tenfold |
| Futures exposure (open interest ÷ market cap, less is better) | 3 | perpetual open interest 13% of its market cap |
| Supply (smaller is better) | 2.8 | no fixed maximum; 49.8 billion in circulation |
| Record | 8.7 | 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) | 6 | 6 full years since 2019-11-16, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 10 | 4 positive, 0 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 1,055 commits in 12 of the last 12 months (github.com/nervosnetwork/ckb); ckb v0.210.0, 17 Sep 2026; 14 stable releases in the last 24 months. |
| Shipped a security fix in two years, +1 | ✓ | ckb v0.200.0, Mar 2025: OpenSSL RUSTSEC-2025-0004; v0.209.0, Jul 2026: unbounded memory growth fixes. |
| Shipped a new capability for users in two years, +1 | ✓ | Meepo hard fork (ckb2023), 1 Jul 2025 at epoch 12,293: spawn syscalls for script composition. |
| Token issuance at protocol level, validated by its own nodes, +2 | ✓ | xUDT and sUDT tokens, lock and type scripts validated by CKB-VM in consensus, open to any account. |
Seventeen criteria, weighted equally. The Cryptocurrency Standards group four parts: properties (ten checks drawn from the Bitcoin whitepaper), scalability (four measures), security (nine checks) and decentralisation (three scales). 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.
49,789,658,653 CKB are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 49.8% of today's supply |
|---|---|
| Sold by the issuer or insiders | 23.6% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | Public sale |
Genesis was 33.6B CKB, of which 25% (8.4B) was burned; the remaining 25.2B was allocated (public sale 21.5%, private sale 14%, ecosystem fund 17%, team 15%, strategic founding partners 5%, foundation 2%, testnet incentives 0.5%), against 50.62B total supply per the Nervos explorer API (2026-10-23).
Private sale (14% of genesis; 2018 investors) plus a public sale of 21.5% on CoinList in Oct 2019 (~$70M reported).
Of the 33.6B genesis CKB, the 2019 public sale (incl. CoinList) took 21.5% = 7.224B and the 2018 private sale 14% = 4.704B, total 11.928B. 11.928B / 50,626,880,608 CKB (CoinGecko total, 2026-10-24) = 23.6%.
Primary issuance goes entirely to miners. Secondary issuance (1.344B CKB/yr) is split among miners, NervosDAO depositors and a treasury share, but that treasury share is burned rather than paid out until a treasury is activated by a future hard fork, so no one receives a cut.
Sources: coinmarketcap.com · nervosckb.notion.site · explorer.nervos.org · coingecko.com · github.com · docs.nervos.org. Researched 2026-10-24, medium confidence.
Nervos Network is secured by 69 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.
Nervos Network is #71 among cryptocurrencies and #365 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 294 places between Nervos 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).