Verge ranks #89 of 508 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #537: 448 of the 536 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 543 non-native assets CoinSpectrum lists above it by market cap, about 59% are tokens, 33% are claims on other assets and 8% are memecoins.
| CoinSpectrum Grade | A · 74/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #89 |
| Rank counting claims | #537 |
| Market capitalisation | $41M |
| Price | $0.00249 |
| Circulating supply | 16,521,951,235 XVG |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Work |
| Consensus mechanism | MultiAlgo (5 PoW algos: Scrypt/X17/Lyra2REv2/Myr-Groestl/Blake2s) |
| Own hashrate | 13 GH/s |
| Network purpose | Private payments |
| Ledger type | Single-asset ledger |
| Launch distribution | No premine |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
A — 74 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 64 to 79 (B 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 | 6.8 | group average, 4 of 6 measured |
| Properties (10 whitepaper checks) (Source) | 6.7 | 6 of 10 passed, 1 not yet measured source |
| Anyone can mint (permissionless) | ✓ | MultiAlgo (5 PoW algos: Scrypt/X17/Lyra2REv2/Myr-Groestl/Blake2s) |
| 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 freeze or clawback power; past 2018 incidents were 51% time-warp attacks, not halts. |
| No central team | ✓ | A volunteer community dev team maintains vergecurrency/verge (MIT); no company controls it. On-chain transactions are transparent; Tor/I2P routing is network-level, not ledger privacy. |
| Fees under one cent | – | |
| Payments safe to accept within seconds | ✗ | 30 s multi-algorithm PoW blocks with probabilistic confirmation; no protected zero-confirmation. |
| UTXO ledger | ✓ | |
| Privacy built into the protocol | ✗ | |
| Scalability (fees, throughput, block time, block space) | 7.5 | average of 3 measures source |
| Fees ($0.001 or less 10, $1 or more 0) | – | not yet measured |
| Throughput (1,000 transactions a second or more 10) | 7.2 | about 147 simple transactions a second |
| Block time (10 minutes 10, less either side) | 5.3 | a block every 30 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 4 MB limit, 80 MB per 10 minutes |
| Security (9 checks) | 3 | 2 of 9 passed, 3 not yet measured source |
| Miners paid over $1 million a day | ✗ | about $0 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% | – | |
| Largest three under 75% | – | |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | A volunteer community dev team maintains vergecurrency/verge (MIT); no company controls it. On-chain transactions are transparent; Tor/I2P routing is network-level, not ledger privacy. |
| Real on-chain use: 1,000+ transactions 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) | 2 | 1 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) | ✗ | Verge Core's doc/tor.md assumes a separately running Tor proxy set with -proxy; the node does not route its own transactions over Tor without setup. |
| Light clients verify payments from headers or proofs, without a trusted server | ✓ | Bitcoin-derived headers with Merkle roots support SPV payment verification (Bitcoin §8). |
| Scalability | ||
| Pruned nodes: a full node can validate and drop old history | – | The Verge README and release notes do not document a pruning mode. |
| Native payment channels or instant payments | ✗ | No Lightning deployment or instant-lock mechanism. |
| Security | ||
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | Amounts are public on the UTXO chain. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Releases mention stealth addresses, but there are no ring signatures or zero-knowledge sender proofs. |
| Issuance | 10 | group average |
| Premine (allocated at launch) | 10 | 0% of today's supply allocated at launch to founders, a company, a foundation or investors. Launched 2014-10-09 as DogeCoinDark with no genesis allocation in the code (GetBlockSubsidy pays the open schedule from block 1) and no documented ICO, presale or developer instamine. 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. The subsidy code pays the whole block reward to the miner; there is no developer or foundation output. Issuance has also ended (see blockReward). source |
| Supply & Demand | 4.7 | group average |
| Supply & Demand (Source) | 5.6 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 15 exchanges |
| Volume rank among the top 200 | 0 | $388,417 traded in 24 hours; #715 by volume on the exchanges the site reads (ranked on the median day of the last 30, $830,212) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 7.5 | 1.7% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 6.8 | $46,433 within 2% of the price on 2 exchanges, 0.11% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 4 | $41M, 4 on a scale of 2.5 points per tenfold |
| Futures exposure (open interest ÷ market cap, less is better) | 5 | perpetual open interest 7.4% of its market cap |
| Supply (smaller is better) | 3.8 | no fixed maximum; 16.5 billion in circulation |
| Record | 7.3 | 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) | 10 | 12 full years since 2014-10-25, 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, 5 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 710 commits in 12 of the last 12 months (github.com/vergecurrency/verge); vergecurrency/verge v26.10.1, 2026-10-22 (v27-beta8 2026-10-25); 16 stable releases in 24 months. |
| Shipped a security fix in two years, +1 | ✓ | Verge Core v26.8, Aug 2026: block/PoW hardening (algorithm-frequency rule enforced at header acceptance, blocks marked checked only after signature verification, strict block decoding); v26.10.1, Oct 2026 restored the six-block reorg limit. |
| Negative | ||
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2024-52914: crafted orphan transactions can stall the node for hours in the uninterruptible orphan-resolution loop; still in Verge v26.10.1. |
| Unfixed vulnerability, disclosed 2024-07-31, −1 | ✗ | CVE-2024-52919: addr-message spam can overflow the address manager's 32-bit id counter and crash the node, with no addr rate limit; still in Verge v26.10.1. |
| Unfixed vulnerability, disclosed 2024-09-18, −1 | ✗ | CVE-2019-25220: a long low-difficulty header chain can exhaust memory because the node has no headers pre-synchronisation; still in Verge v26.10.1. |
| 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 Verge v26.10.1. |
| 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 Verge v26.10.1. |
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.
16,521,951,235 XVG are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 0% of today's supply |
|---|---|
| Sold by the issuer or insiders | 0% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | No sale and no investor round |
Launched 2014-10-09 as DogeCoinDark with no genesis allocation in the code (GetBlockSubsidy pays the open schedule from block 1) and no documented ICO, presale or developer instamine.
No ICO or presale. In early 2018 the team ran a community donation drive that collected about 75M existing XVG for a marketing partnership; that was a donation of already-mined coins, not a sale of new supply.
No sale of supply is documented.
The subsidy code pays the whole block reward to the miner; there is no developer or foundation output. Issuance has also ended (see blockReward).
Emission was heavily front-loaded: 200,000 XVG per block for the first 14,000 blocks (2.8B, about 17% of all supply, in roughly five days), and about 30% of supply within the first 42,000 blocks; it was mined openly, not a documented instamine. The 2018 timewarp exploits minted extra coins to attackers (a record matter, not premine). The original DogeCoinDark BitcoinTalk ANN was not located, so premine 0 rests on the code and secondary sources.
Sources: github.com · github.com · xvg-pool.com · miningpoolstats.stream · en.wikipedia.org. Researched 2026-10-26, medium confidence.
Verge is secured by 13 GH/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.
Verge is #89 among cryptocurrencies and #537 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 448 places between Verge'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).