Stacks ranks #37 of 508 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #98: 61 of the 97 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 84 non-native assets CoinSpectrum lists above it by market cap, about 56% are claims on other assets, 39% are tokens and 5% are memecoins.
| CoinSpectrum Grade | C · 58/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #37 |
| Rank counting claims | #98 |
| Market capitalisation | $573M |
| Price | $0.3049 |
| Circulating supply | 1,878,493,680 STX |
| Maximum supply | no fixed cap |
| Consensus family | Other |
| Consensus mechanism | Proof of Transfer (PoX, Bitcoin-anchored) |
| 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.
C — 58 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 51 to 64 (D to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 6.4 | group average |
| Consensus: leader ladder | 6.4 | Other: 6.4 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 6.4 | Other: 6.4 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards | 4.9 | group average, 4 of 6 measured |
| Properties (10 whitepaper checks) (Source) | 3 | 3 of 10 passed source |
| Anyone can mint (permissionless) | ✓ | Proof of Transfer (PoX, Bitcoin-anchored) |
| Limited supply | ✗ | no fixed maximum |
| No pre-issuance or developer mint | ✗ | |
| No developer tax | ✗ | |
| No authority that can halt the chain or freeze funds | ✓ | No protocol key can freeze STX; the signer set can stall blocks but not seize funds. |
| No central team | ✗ | stacks-core is developed mainly by Stacks Labs and the Stacks Foundation, in the stacks-network repository. |
| Fees under one cent | ✓ | typical fee $0.00005 |
| Payments safe to accept within seconds | ✗ | Signer-approved Nakamoto blocks arrive in seconds but can still be invalidated by a Bitcoin reorg (82 blocks in May 2025); full settlement follows Bitcoin confirmations. |
| UTXO ledger | ✗ | |
| Privacy built into the protocol | ✗ | |
| Scalability (fees, throughput, block time, block space) | 10 | average of 2 measures source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00005 |
| Throughput (1,000 transactions a second or more 10) | – | not yet measured |
| Block time (10 minutes 10, less either side) | 10 | a block every 10 minutes |
| Block space per 10 minutes (32 MB or more 10) | – | not yet measured |
| Security (9 checks) | 5 | 5 of 9 passed source |
| Miners paid over $1 million a day | ✗ | not mined |
| Miners paid over $100,000 a day | ✗ | |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | not mined |
| Largest pool or validator under 50% | ✓ | 18.1% |
| Largest three under 75% | ✓ | 47.5% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | stacks-core is developed mainly by Stacks Labs and the Stacks Foundation, in the stacks-network repository. |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 23,067 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Decentralisation: who can mint (Source) | 1.4 | Other: 1.4 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) | 0 | 0 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) | ✗ | stacks-core relays transactions directly. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | No light-client protocol; wallets trust Stacks API servers. |
| Scalability | ||
| Pruned nodes: a full node can validate and drop old history | – | No documented pruning mode found for stacks-core. |
| Native payment channels or instant payments | ✗ | No payment channels. |
| 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 | 4.9 | group average |
| Premine (allocated at launch) | 3 | 70.3% of today's supply allocated at launch to founders, a company, a foundation or investors. The Stacks genesis block (v1, 2018-2019) created about 1.32B STX (866.8M to pre-launch buyers, investors, founders and employees; 453.2M later distributed to 2019 sale participants), against a current supply of about 1.877B STX (CoinGecko, as supplied). source |
| Fundraising | 3 | Sold by its issuer or insiders: 70.3% of supply was theirs to sell, 43.9% sold so far. Sold: 395M STX to buyers in the 2017 accredited (Reg D/SAFT) sale, ~105.5M in the 2019 offering (74,976,266 Reg A+ for ~$15.4M plus 30,560,000 Reg S for ~$7.6M), and ~323M sold at $0.00012 to 24 accredited shareholders of Blockstack PBC (per the Reg A filing; CEO described these as issued to equity investors). 823.5M / 1,877,423,102 STX (CoinGecko, 2026-10-24) = 43.9%; excluding the shareholder tokens it would be 26.7%. Blockstack's 2017 token sale raised about $47M under Reg D (accredited investors only), plus about $5M from VCs. In July 2019 the first SEC-qualified Reg A+ token offering (up to $28M, open to the public, with a parallel Reg S sale) followed. source |
| Developer share (after launch) | 8.7 | Developer share: about 12.8% of today's supply received so far; 69.5% of each new block reward goes to them today. SIP-031 (July 2025) minted two one-off 100M STX tranches to the Stacks Endowment and sends it 1,140 STX per tenure against the miners' 500 (69.5% of new issuance): ≈200M + ~40M of ~1.877B STX ≈ 12.8% of supply. source |
| Supply & Demand | 6.6 | group average |
| Supply & Demand (Source) | 7.3 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 37 exchanges |
| Volume rank among the top 200 | 5.1 | $5,116,949 traded in 24 hours; #99 by volume on the exchanges the site reads (ranked on the median day of the last 30, $17,044,696) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 8.3 | 2.4% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 7.5 | $990,209 within 2% of the price on 9 exchanges, 0.17% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 6.9 | $573M, 6.9 on a scale of 2.5 points per tenfold |
| Futures exposure (open interest ÷ market cap, less is better) | 6 | perpetual open interest 5.0% of its market cap |
| Supply (smaller is better) | 5.8 | no fixed maximum; 1.88 billion in circulation |
| Record | 9 | group average |
| Record (origin, claims, halts) | 9 | 2 positive, 5 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| Negative record | ||
| Halt, freeze or reversal, 2024-06-14 | ✗ | Block production stalled for about nine hours after a Bitcoin reorg and unexpected miner behaviour. |
| Halt, freeze or reversal, 2025-01-06 | ✗ | No blocks for over four hours from 07:15 UTC, attributed to a signer-related delay. |
| Halt, freeze or reversal, 2025-05-19 | ✗ | No valid blocks for 4h59m: a Bitcoin reorg invalidated 82 Stacks blocks and miners could not reach the 70% signer threshold. |
| Halt, freeze or reversal, 2025-05-23 | ✗ | Stall of 7h41m: oversized mempool transactions triggered a P2P packet-size bug plus a node communication bug. |
| Halt, freeze or reversal, 2025-07-08 | ✗ | Block gap from 17:07 to 22:16 UTC after a stacks-core bug surfaced during a Bitcoin reorg and two large signers stopped signing. |
| Age (years since genesis) (Source) | 8 | 8 full years since 2017-11-10, 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, 1 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 3,016 commits in 12 of the last 12 months (github.com/stacks-network/stacks-core); stacks-core 4.0.5, 13 Oct 2026; 68 stable releases in the last 24 months. |
| Shipped a security fix in two years, +1 | ✓ | stacks-core 3.2.0.0.2, 2025: critical security fix. |
| Shipped a new capability for users in two years, +1 | ✓ | Epoch 3.3, late 2025: Clarity 4 (contract-hash?, block-time and others); Clarity 5 in Apr 2026. |
| Token issuance at protocol level, validated by its own nodes, +2 | ✓ | SIP-010 fungible tokens as Clarity smart contracts, open to any account. |
| Not yet researched | ||
| Shipped a scaling upgrade in two years | – | |
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.
1,878,493,680 STX are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 70.3% of today's supply |
|---|---|
| Sold by the issuer or insiders | 43.9% of today's supply |
| Developer share received since launch | 12.8% of today's supply |
| Developer share of new coins today | 69.5% |
| Fundraising | Private or venture funding |
The Stacks genesis block (v1, 2018-2019) created about 1.32B STX (866.8M to pre-launch buyers, investors, founders and employees; 453.2M later distributed to 2019 sale participants), against a current supply of about 1.877B STX (CoinGecko, as supplied).
Blockstack's 2017 token sale raised about $47M under Reg D (accredited investors only), plus about $5M from VCs. In July 2019 the first SEC-qualified Reg A+ token offering (up to $28M, open to the public, with a parallel Reg S sale) followed.
Sold: 395M STX to buyers in the 2017 accredited (Reg D/SAFT) sale, ~105.5M in the 2019 offering (74,976,266 Reg A+ for ~$15.4M plus 30,560,000 Reg S for ~$7.6M), and ~323M sold at $0.00012 to 24 accredited shareholders of Blockstack PBC (per the Reg A filing; CEO described these as issued to equity investors). 823.5M / 1,877,423,102 STX (CoinGecko, 2026-10-24) = 43.9%; excluding the shareholder tokens it would be 26.7%.
SIP-031 (July 2025) minted two one-off 100M STX tranches to the Stacks Endowment and sends it 1,140 STX per tenure against the miners' 500 (69.5% of new issuance): ≈200M + ~40M of ~1.877B STX ≈ 12.8% of supply.
Sources: sec.gov · theblock.co · theblock.co · blog.blockstack.org · github.com · github.com. Researched 2026-10-24, medium 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.
Stacks is #37 among cryptocurrencies and #98 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 61 places between Stacks'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).