v.systems ranks #243 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1988: 1745 of the 1987 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 2236 non-native assets CoinSpectrum lists above it by market cap, about 78% are tokens, 18% are claims on other assets and 4% are memecoins.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #243 |
| Rank counting claims | #1988 |
| Market capitalisation | $963,138 |
| Price | $0.000252 |
| Circulating supply | 3,815,996,366 VSYS |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | SPoS (Supernode PoS) |
| 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.
Grade pending. v.systems'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) | 5.2 | group average, 4 of 13 measured |
| Sound Money Qualities (6 checks) | — | 1.4 of 2 points, 4 not yet measured |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 3.5 | no fixed maximum; 3.82 billion in circulation: supply scale 7, cap 0 |
| Durability: five years or more with no halt, freeze or reversal | – | 7 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 | ✓ | 8 decimal places, the smallest unit worth $2.5e-12 |
| Portability: fees of a cent or less and capacity for real demand | – | typical fee $0.000026 |
| 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 | ✓ | Accounts are created from keys users generate themselves; transfers are validated by signature, with no identity condition in the protocol. |
| 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) | ✗ | Scorex-derived node broadcasts transactions directly; no Dandelion or Tor. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | Balances and transfers are public. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Sender and receiver addresses are public. |
| Scalability (fees, throughput, block time, block space, features) | 4.1 | average of 3 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.000026 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | – | not yet measured |
| Block time (10 minutes 10, less either side) | 2.2 | a block every 4 seconds |
| Block space per 10 minutes (32 MB or more 10) | – | not yet measured |
| 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 pruning option documented for v-systems v0.4.2. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | No proof-based light client; wallets use node APIs. |
| 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) | 5.6 | 5 of 9 points source |
| Token issuance at protocol level, validated by its own nodes | 2 | Token contracts in the protocol: any account can register a token contract from V Systems' built-in templates and issue tokens, validated by every node. |
| Smart contracts | 0 | Contract registration only accepts a fixed whitelist of protocol templates (token, lock, NFT, payment channel, atomic swap, V Swap, V Stable Swap, V Escrow, V Option); users instantiate templates but cannot deploy their own code. |
| Multisig and time locks | ✗ | A Lock contract template gives time locks, but its multisig is an aggregated n-of-n key shown as one public key, not m-of-n threshold spending enforced by the chain. |
| Atomic swaps with other chains | ✓ | Atomic Swap contract template with a hash puzzle and an expiry time in the protocol. |
| An exchange built into the protocol | ✓ | V Swap (constant-product AMM) and V Stable Swap are contract templates built into the protocol's whitelist, run by every node. |
| Cross-chain messaging the chain verifies itself | ✗ | No cross-chain feature in the protocol beyond the atomic-swap template. |
| Non-fungible tokens | ✓ | NFT contract templates (ContractNonFungible and V2 white/blacklist variants) in the protocol's whitelist. |
| 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 | 6.1 | group average |
| Supply & Demand (Source) | 5.2 | average of 6 measures |
| Exchanges (10 or more: 10) | 3 | 3 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 3.3 | $364,827 traded in 24 hours; #935 by volume on the exchanges the site reads (scored on the median day of the last 30, $432,497) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 5 | 45% 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 | $11,382 within 2% of the price on 2 exchanges, 1.2% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 0 | $963K, 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) | 7 | no fixed maximum; 3.82 billion in circulation |
| Record | 7 | group average, 1 of 3 measured |
| Record (origin, claims, halts) | — | Not yet reviewed |
| Age (years since genesis) (Source) | 7 | 7 full years since 2019-01-19, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | — | Not yet measured: no commit count and no release research |
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.
3,815,996,366 VSYS are in circulation, against no fixed cap — issuance has no defined end.
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.
v.systems is #243 among cryptocurrencies and #1988 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 1745 places between v.systems'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).