Nerva ranks #481 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #5586: 5105 of the 5585 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.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #481 |
| Rank counting claims | #5586 |
| Price | $0.1029 |
| Circulating supply | 0 XNV |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Work |
| Consensus mechanism | CryptoNight-Adaptive v6 (CPU, solo mining) |
| Own hashrate | — |
| Network purpose | Private payments |
| Ledger type | Single-asset ledger |
| Launch distribution | Premine |
Market figures from the 28 October 2026 build. Open the live view for every exchange's price, and charts.
Grade pending. Fewer than six of Nerva's nine network-security points are measured yet. 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) | 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) | 8.1 | group average, 10 of 13 measured |
| Sound Money Qualities (6 checks) | 8 | 4 of 5 points, 1 not yet measured source |
| Scarcity: a fixed cap that holds, and a supply near 21 million | – | |
| Durability: five years or more with no halt, freeze or reversal | ✓ | 7 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 | ✓ | 12 decimal places, the smallest unit worth $1.0e-13 |
| Portability: fees of a cent or less and capacity for real demand | ✗ | about 5 transactions a second (0 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) | 8 | 4 of 5 passed source |
| Whitepaper privacy: keys are not tied to an identity | ✓ | CryptoNote keys anyone generates; no identity rule. |
| 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) | ✗ | Nerva v0.4.0.0 (Oct 2026, Monero-derived): no Dandelion++ in the protocol handler; Tor/I2P only through optional proxy setup. |
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✓ | Nerva (Monero-derived) RingCT: amounts are hidden in Pedersen commitments on every transaction. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✓ | Nerva (Monero-derived): ring signatures hide the sender and one-time stealth addresses the receiver. |
| Scalability (fees, throughput, block time, block space, features) | 4.2 | average of 4 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | – | not yet measured |
| Throughput (2,478 a second, the busiest network's peak day, 10; 119, the median of the ten busiest, 5) | 0 | about 5 simple transactions a second |
| Block time (10 minutes 10, less either side) | 6.4 | a block every 1 minute |
| Block space per 10 minutes (32 MB or more 10) | 7.1 | 0.6 MB limit, 6 MB per 10 minutes |
| Features (3 checks) | 3.3 | 1 of 3 passed |
| Payments safe to accept within seconds | ✗ | One-minute probabilistic blocks with Monero-style 10-block spend lock; no instant locks or double-spend proofs. |
| Pruned nodes: a full node can validate and drop old history | ✓ | Nerva daemon (cryptonote_core.cpp): --prune-blockchain keeps the state and drops most old ring data from blocks. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | Nerva v0.4.0.0: CryptoNote design with no SPV or light-client proof protocol; light wallets trust a remote daemon. |
| Security (miner pay and 7 checks) | — | 2 of 3 points, 6 not yet measured source |
| Miners paid a day ($1,000 0, $10 million or more 10), 2 points | – | |
| 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 | ✓ | Maintained by volunteer community developers in the nerva-project GitHub organisation (BSD-style Monero licence) since the founder stepped back. |
| Real on-chain use: 1,000+ transactions a day | – | |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Programmability (tokens, contracts, 5 checks) | 1.1 | 1 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts | 0 | Nerva (Monero-derived CryptoNote): outputs are one-time keys with no user-programmable spending conditions. |
| Multisig and time locks | ✓ | Monero-style m-of-n multisig (src/multisig) and consensus-enforced output unlock_time (Blockchain::is_tx_spendtime_unlocked). |
| Atomic swaps with other chains | ✗ | No hash-lock scripting, and no adaptor-signature swap implementation exists for Nerva (the Monero-Bitcoin swap tools target Monero only). |
| An exchange built into the protocol | ✗ | No exchange in the protocol. |
| Cross-chain messaging the chain verifies itself | ✗ | No cross-chain messaging in the protocol. |
| Non-fungible tokens | ✗ | No token or NFT type in the consensus rules. |
| Decentralisation | 10 | section average, 6 of 8 measured |
| Censorship resistant (Source) | 10 | No authority can halt the chain or freeze funds: No protocol party can freeze coins or halt the chain. source |
| No central team (Source) | 10 | No central team: Maintained by volunteer community developers in the nerva-project GitHub organisation (BSD-style Monero licence) since the founder stepped back. 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) | 9.9 | 0.94% of today's supply allocated at launch to founders, a company, a foundation or investors. Block 1 paid a 180,000 XNV premine (get_block_reward in cryptonote_basic_impl.cpp; nerva.one lists 'Premine 180,000 XNV (Treasury)'); against ~19.2M supply (157,800 XNV a year = 0.82% per nerva.one) that is 0.94%. 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 full 0.3 XNV tail-emission reward goes to the solo miner; DONATION_ADDR in cryptonote_config.h receives only voluntary donations. source |
| Supply & Demand | 0.5 | group average, 1 of 2 measured |
| Supply & Demand (Source) | 0.5 | average of 2 measures |
| Exchanges (10 or more: 10) | 1 | 1 exchange |
| Daily volume ($10K 0, $1B or more 10) | 0 | $416 traded in 24 hours; #3312 by volume on the exchanges the site reads (scored on the median day of the last 2, $1,152) |
| Turnover (volume ÷ market cap, 5% a day: 10) | – | not measured |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | – | not measured |
| Market cap ($1M 0, $10B or more 10) | – | not measured |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | – | not measured |
| Supply (smaller is better) | — | Supply not reported |
| Record | 8 | 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) | 7 | 7 full years since 2018-11-07, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, improvements, unfixed issues) | 7 | 2 positive, 0 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 143 commits in 7 of the last 12 months (github.com/nerva-project/nerva); v0.4.0.0 'Legacy Restored' released 2026-10-25 (hard fork 14 at block 4,480,000); community maintainers took over in October 2024 (v0.2.0.0) and have shipped about eight releases since. |
| Shipped a security fix in two years, +1 | ✓ | Nerva v0.2.2.0, 28 May 2026: P2P message deserialization and packet-size hardening and RPC denial-of-service mitigations; v0.3.0.0 (Jul 2026) fixed block-cache data race and use-after-free. |
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.
0 XNV are in circulation, against no fixed cap — issuance has no defined end.
| Premine (allocated at launch) | 0.94% 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 |
Block 1 paid a 180,000 XNV premine (get_block_reward in cryptonote_basic_impl.cpp; nerva.one lists 'Premine 180,000 XNV (Treasury)'); against ~19.2M supply (157,800 XNV a year = 0.82% per nerva.one) that is 0.94%.
No ICO or private round; the premine funded the treasury.
No sale documented; the premine is described as a treasury.
The full 0.3 XNV tail-emission reward goes to the solo miner; DONATION_ADDR in cryptonote_config.h receives only voluntary donations.
No 51% attack, reorg or halt found in the window. Supply is derived from the inflation figure on the project site.
Sources: github.com · github.com · github.com · nerva.one · explorer.nerva.one. Researched 2026-10-26, medium confidence.
No source we can reach publishes a hashrate for Nerva.
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.
Nerva is #481 among cryptocurrencies and #5586 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 5105 places between Nerva'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).