XELIS ranks #213 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1673: 1460 of the 1672 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 1912 non-native assets CoinSpectrum lists above it by market cap, about 76% are tokens, 19% are claims on other assets and 5% are memecoins.
| CoinSpectrum Grade | A · 74/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #213 |
| Rank counting claims | #1673 |
| Market capitalisation | $2M |
| Price | $0.2936 |
| Circulating supply | 6,237,269 XEL |
| Maximum supply | 18,400,000 XEL |
| Consensus family | Proof of Work |
| Consensus mechanism | XelisHash-v2 (BlockDAG) |
| Own hashrate | 59 MH/s |
| Network purpose | Private payments |
| Ledger type | Multi-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 18 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 67 to 77 (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 (Source) | 7.2 | group average, 11 of 13 measured |
| Sound Money Qualities (6 checks) | 8.3 | 5 of 6 points source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | 10 | fixed maximum supply of 18.4 million: supply scale 9.9, cap 10 |
| Durability: five years or more with no halt, freeze or reversal | ✗ | 2 full years since its first recorded price, no halt, freeze or reversal in five years |
| 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 | ✓ | 8 decimal places, the smallest unit worth $2.9e-9 |
| Portability: fees of a cent or less and capacity for real demand | ✓ | typical fee $0.00011; about 175 transactions a second (5.6 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) | 4 | 2 of 5 passed 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) | ✗ | XELIS daemon propagates transactions directly; no Dandelion or Tor. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✓ | Balances and transfer amounts are encrypted homomorphically (twisted ElGamal with ZK proofs) since mainnet (Aug 2024). |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | Sender and receiver addresses are public; no ring signatures or stealth addresses. |
| Scalability (fees, throughput, block time, block space, features) | 6.6 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00011 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 5.6 | about 175 simple transactions a second |
| Block time (10 minutes 10, less either side) | 4.2 | a block every 15 seconds |
| Block space per 10 minutes (32 MB or more 10) | 10 | 1.31 MB limit, 52.4 MB per 10 minutes |
| Features (3 checks) | 3.3 | 1 of 3 passed |
| Payments safe to accept within seconds | ✗ | 5-second BlockDAG blocks, but confirmation is probabilistic (the node's stable height trails the tip by about 24 blocks), with no instant locks or double-spend proofs. |
| Pruned nodes: a full node can validate and drop old history | ✓ | xelis_daemon can prune old blocks (auto_prune_keep_n_blocks, PRUNE_SAFETY_LIMIT 80 in config.rs). |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | Wallets trust a daemon over RPC; no proof-based light client. |
| Security (miner pay and 7 checks) | 3.1 | 3.1 of 9 points source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | 0.4 | about $1,414 a day |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✓ | |
| Largest pool or validator under 50% | ✗ | 53.4% |
| Largest three under 75% | ✗ | 96.9% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | The only node is developed in the xelis-project/xelis-blockchain repository by the XELIS core team led by its founder (Slixe), which ships the hard forks. |
| Real on-chain use: 1,000+ transactions a day | ✗ | about 331 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 | Smart contracts, activated by the December 2025 hard fork at height 3,282,150, can be deployed by any account and create native XELIS assets. |
| Smart contracts: a general-purpose contract system | 2 | Smart contracts on xelis-vm, activated by the hard fork at height 3,282,150 (December 2025), deployable by any account. |
| Multisig and time locks | ✓ | Native multisig (threshold of participants) since the hard fork at height 1,376,000; time locks need a contract that checks the chain height or time. |
| Atomic swaps with other chains | ✓ | Contracts can express hash-locked, time-locked escrow; medium confidence, as no HTLC contract on mainnet was found. |
| An exchange built into the protocol | ✗ | No exchange in the protocol. |
| Cross-chain messaging the chain verifies itself | ✗ | No cross-chain feature in the protocol. |
| Non-fungible tokens | ✓ | Contracts can create native XELIS assets, including single-unit ones, handled by every wallet like XEL. |
| Decentralisation | 8.2 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol-level party can freeze, blacklist or claw back XEL. source |
| No central team (Source) | 0 | A central team directs it: The only node is developed in the xelis-project/xelis-blockchain repository by the XELIS core team led by its founder (Slixe), which ships the hard forks. source |
| Who can mint (Source) | 10 | Proof of work: 10 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | Not yet measured |
| Premine (allocated at launch) | 10 | 0% of today's supply allocated at launch to founders, a company, a foundation or investors. No genesis allocation, coin sale or later discretionary mint: every XEL is mined. The protocol dev fee (10%, then 5% of each block) is a block-reward cut and is now scored as such. source |
| Fundraising | 10 | No sale of the coin source |
| Developer share (after launch) | 9.2 | Developer share: about 8.4% of today's supply received so far; 5% of each new block reward goes to them today. A dev fee is taken from every block reward (config.rs DEV_FEES): 10% from genesis (Dec 2023) to height 3,250,000, then 5%. Supply at height 3,250,000 was 4,251,278 XEL, so 425,128 XEL went to dev fees then, plus 5% of the 1,963,056 emitted since (98,153). Total ~523,281 of 6,214,334 emitted = 8.4%. source |
| Supply & Demand | 7 | group average |
| Supply & Demand (Source) | 4.1 | average of 6 measures |
| Exchanges (10 or more: 10) | 2 | 2 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 0.7 | $9,630 traded in 24 hours; #2294 by volume on the exchanges the site reads (scored on the median day of the last 30, $23,060) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 6.3 | 1.0% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 5 | $568 within 2% of the price on 1 exchange, 0.03% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 0.7 | $1.8M, 0.7 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) | 9.9 | fixed maximum supply of 18.4 million |
| Record | 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) | 2 | 2 full years since 2024-05-08, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 9 | 4 positive, 0 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 1,282 commits in 12 of the last 12 months (github.com/xelis-project/xelis-blockchain); xelis-blockchain v1.25.0, 26 Aug 2026; at least ten releases since Dec 2025 (v1.21.0 to v1.25.0). |
| Shipped a security fix in two years, +1 | ✓ | XELIS v1.21.3, Feb 2026: protection against stack-overflow attacks on deserialized data; v1.22.2, Jun 2026: mempool memory-exhaustion limits. |
| Shipped a scaling upgrade in two years, +1 | ✓ | XELIS v1.19 hard fork, Dec 2025: block time cut from 15 s to 5 s with the same block size. |
| Shipped a new capability for users in two years, +1 | ✓ | XELIS v1.19 hard fork, Dec 2025: smart contracts enabled; v1.22.0, May 2026: Blob transaction type. |
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.
6,237,269 of a maximum 18,400,000 XEL are in circulation — 33.9% of the total that will ever exist.
| 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 | 8.4% of today's supply |
| Developer share of new coins today | 5% |
| Fundraising | No sale and no investor round |
No genesis allocation, coin sale or later discretionary mint: every XEL is mined. The protocol dev fee (10%, then 5% of each block) is a block-reward cut and is now scored as such.
Fair launch with no sale or venture round; development is funded by the dev fee.
A dev fee is taken from every block reward (config.rs DEV_FEES): 10% from genesis (Dec 2023) to height 3,250,000, then 5%. Supply at height 3,250,000 was 4,251,278 XEL, so 425,128 XEL went to dev fees then, plus 5% of the 1,963,056 emitted since (98,153). Total ~523,281 of 6,214,334 emitted = 8.4%.
The code says the originally planned schedule (15%, 10%, then 5%) was replaced, because of a bug, by a flat 10%. Side-block rewards carry the same dev share. About 241 XEL has been burned (node burned_supply).
Sources: github.com · node.xelis.io · coingecko.com. Researched 2026-10-24, high confidence.
XELIS is secured by 59 MH/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.
XELIS is #213 among cryptocurrencies and #1673 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 1460 places between XELIS'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).