Casper Network (CSPR)
Casper Network ranks #93 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #563: 470 of the 562 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 569 non-native assets CoinSpectrum lists above it by market cap, about 49% are tokens, 42% are claims on other assets, 8% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | B · 62/100 · provisional, B to A |
|---|---|
| Rank among cryptocurrencies | #93 |
| Rank counting claims | #563 |
| Market capitalisation | $35M |
| Price | $0.00198 |
| Circulating supply | 17,448,042,929 CSPR |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | Highway (CBC-Casper) |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
B — 62 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 58 to 67 (B to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 9.1 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 6.4 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 7.1 | no fixed maximum; 17.4 billion in circulation |
| Distribution | 6.8 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 2.7 | 73.5% of today's supply allocated at launch to founders, a company, a foundation or investors. Genesis allocation plus the one-off 4.76B CSPR minted by the protocol upgrade of 23 March 2026, against current supply. source |
| Fundraising (share sold) (Source) | 7.7 | Sold by its issuer or insiders: 23.4% of supply sold. Of the 10B genesis supply, 4.58B CSPR was sold: validator sale round 1 (19.5%, ~$14M, Sep-Oct 2020), round 2 (10.3%, ~$11.9M, Jan 2021) and the CoinList public sale (16%). The March 2026 CVV008 issuance (4.763B) went to treasury, staking and liquidity and is not a recorded sale. 4.58B / ~19.6B current supply (~14.43B before the mint + 4.763B + 2026 inflation) = 23.4%. Private validator sales in two rounds (about 19.5% and 10.3% of supply; CoinDesk reported about $14M raised in the October 2020 node-runner round), plus a CoinList public sale of about 16% of genesis supply. Total dollar proceeds were not established. source |
| Developer share (after launch) | 9.9 | Developer share: about 1.1% of today's supply received so far; 25% of each new block reward goes to them today. Since Casper 2.2.0 (23 March 2026, governance vote CVV006), the 8% annual inflation is split 6% to validator rewards and 2% to ecosystem development and operations, so a quarter of issuance is cut. It was 100% to validators and delegators before. Estimate: 2% x ~19.4B x 0.59 yr = ~0.23B of 20.10B, about 1.1%. The one-off 4.763B CVV008 mint is a discretionary mint, counted as premine, not here. source |
| Decentralisation | 2.3 | average of 3 parts |
| Governance (Source) | 0 | An authority can halt the chain or freeze funds: On 2024-07-27 validators froze consensus after an exploit and resumed on 2024-07-31 by unanimous consent, removing two blocks, which shows the validator set can halt and rewrite the chain. source |
| No central team (Source) | 0 | A central team directs it: casper-node (Apache 2.0) is developed by Casper Labs (CasperLabs/Casper Association), which employs nearly all core developers. source |
| Who can mint (Source) | 7 | Gated by stake: any holder with enough stake can validate: access bought with coins |
| Nodes (Source) | – | Not yet counted |
| Security | 6.9 | 5.5 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 10 | largest 11.5%, largest three 29.1% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 3.5 | about 3,500 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 1 | not mined: another consensus, 1 |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 7 | one client, latest version Jul 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 5.5 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.0002 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 3.2 | about 41 simple transactions a second |
| Block time (10 minutes 10, less either side) | 4.3 | a block every 16 seconds |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 10 | 2.62 MB limit, 98.3 MB per 10 minutes |
| Features (3 checks) | 0 | 0 of 2 passed, 1 not yet researched |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✗ | Blocks are final when produced, but they come about every 8 seconds, over the 5-second bar. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | – | No pruning mode for casper-node was documented. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | No light client verifying finality signatures ships with the protocol; wallets query node RPC. |
| Privacy | 3.5 | 3.5 of 10: whitepaper privacy 3.5 of 7, extra features 0 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Anyone can create keys and receive and send coins; the protocol carries no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 0 | An account ledger: one running balance for each address, so the remainder stays at the sending address and its payments share one public history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | Transfers are public. |
| Hidden parties (Sender and receiver hidden) | 0 | Accounts are public. |
| Network privacy (Origin hidden by default) | 0 | casper-node gossips deploys directly; no Dandelion or built-in Tor. |
| Programmability | 7.8 | 7 of 9 points source |
| Token issuance (At protocol level) | 2 | Wasm smart contracts deployable by any account, with the CEP-18 fungible token standard. |
| Smart contracts (General-purpose) | 2 | Wasm smart contracts stored on chain and executed by the network since the 2021 mainnet. |
| Multisig and time locks (Without a third party) | ✓ | Native associated keys with weights and action thresholds give m-of-n accounts; time locks are expressible in Wasm contracts that read block time. |
| Atomic swaps (With other chains) | ✓ | Hash- and time-locked contracts can be written as Wasm contracts. |
| Native DEX (Trades the coin itself, not a claim) | ✗ | No DEX found trading the coin itself: none on its own chain (DefiLlama), and not on THORChain, Maya, Chainflip, Komodo DeFi, BasicSwap, Bisq or Haveno (checked 2026-11-04). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol-verified cross-chain messaging; bridges are third-party. |
| NFTs (Carried by the chain's rules) | ✓ | CEP-78 NFT contracts run by its Wasm execution engine. |
| Demand | 6.7 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 16 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 4.8 | $1,416,571 traded in 24 hours; #363 by volume on the exchanges the site reads (scored on the median day of the last 30, $2,462,091) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.3 | 6.6% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 8.1 | $91,044 within 2% of the price on 6 exchanges, 0.26% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 3.8 | $35M, 3.8 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 |
| Wallet support (wallets that hold it, 10 or more: 10) | 1 | its own node and wallet, counted as 1: no wallet in the site's directory lists it yet |
| Record | 7.3 | average of 3 criteria |
| Age (years since genesis) (Source) | 5 | 5 full years since 2021-05-12, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 8 | 3 positive, 0 negative, 1 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 412 commits in 12 of the last 12 months (github.com/casper-network/casper-node); casper-node v2.2.2 released 2026-07-01 (v2.2.0 Mar, v2.2.1 May 2026). |
| Shipped a security fix in two years, +1 | ✓ | casper-node v2.0.4 (18 Nov 2025) bug fix and security update; v2.2.2 (1 Jul 2026) security release. |
| Shipped a new capability for users in two years, +1 | ✓ | Casper 2.0 (Condor), mainnet 6 May 2025: account/contract merge (addressable entities), new transaction types and lanes, contract versioning (v2.0.3, Jul 2025). |
| Not yet researched | ||
| Shipped a scaling upgrade in two years | – | |
| Conduct (origin, claims, halts) | 9 | 2 positive, 1 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, 2024-07-27 | ✗ | Validators froze consensus at 07:50 UTC after an access-rights exploit drained 13 wallets; resumed 2024-07-31 after unanimous consent of 64 validators, removing two blocks (four transactions orphaned). casper.network chaincatcher.com |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts 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.
Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
KUB Coin KUB
Flow FLOWA
Band BANDA
Zilliqa ZILAAll Proof of Stake chains →Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Monero XMRA+
Bitcoin Cash BCHA++
Litecoin LTCA+
Ethereum Classic ETCAAll Proof of Work chains →Supply
17,448,042,929 CSPR are in circulation, against no fixed cap — issuance has no defined end.
Launch and allocation
| Premine (allocated at launch) | 73.5% of today's supply |
|---|---|
| Sold by the issuer or insiders | 23.4% of today's supply |
| Developer share received since launch | 1.1% of today's supply |
| Developer share of new coins today | 25% |
| Fundraising | Public sale |
Genesis allocation plus the one-off 4.76B CSPR minted by the protocol upgrade of 23 March 2026, against current supply.
Private validator sales in two rounds (about 19.5% and 10.3% of supply; CoinDesk reported about $14M raised in the October 2020 node-runner round), plus a CoinList public sale of about 16% of genesis supply. Total dollar proceeds were not established.
Of the 10B genesis supply, 4.58B CSPR was sold: validator sale round 1 (19.5%, ~$14M, Sep-Oct 2020), round 2 (10.3%, ~$11.9M, Jan 2021) and the CoinList public sale (16%). The March 2026 CVV008 issuance (4.763B) went to treasury, staking and liquidity and is not a recorded sale. 4.58B / ~19.6B current supply (~14.43B before the mint + 4.763B + 2026 inflation) = 23.4%.
Since Casper 2.2.0 (23 March 2026, governance vote CVV006), the 8% annual inflation is split 6% to validator rewards and 2% to ecosystem development and operations, so a quarter of issuance is cut. It was 100% to validators and delegators before. Estimate: 2% x ~19.4B x 0.59 yr = ~0.23B of 20.10B, about 1.1%. The one-off 4.763B CVV008 mint is a discretionary mint, counted as premine, not here.
Sources: casper.network · coindesk.com · stakingrewards.com · securities.io · figment.io · api.cspr.live. Researched 2026-10-24, medium confidence.
What a regulator has said
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.
How CoinSpectrum ranks Casper Network
Casper Network is #93 among cryptocurrencies and #563 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 470 places between Casper Network'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).