Cosmos Hub (ATOM)
Cosmos Hub ranks #31 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #84: 53 of the 83 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 69 non-native assets CoinSpectrum lists above it by market cap, about 55% are claims on other assets, 39% are tokens and 6% are memecoins.
| CoinSpectrum Grade | A · 74/100 · provisional, A to A+ |
|---|---|
| Rank among cryptocurrencies | #31 |
| Rank counting claims | #84 |
| Market capitalisation | $748M |
| Price | $1.38 |
| Circulating supply | 541,105,893 ATOM |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | Tendermint (CometBFT) |
| Network purpose | Interoperability hub |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
| Regulatory class | Contested |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A — 74 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 70 to 76 (A 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 | 7.7 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 8.6 | no fixed maximum; 541 million in circulation |
| Distribution | 7.3 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 5.6 | 43.9% of today's supply allocated at launch to founders, a company, a foundation or investors. 236,198,958.12 ATOM allocated at cosmoshub-1 genesis (March 2019) to fundraiser donors, seed and strategic contributors, the Interchain Foundation (10%) and All in Bits (10%), against a current total supply of 537,743,602 ATOM (Cosmos Hub bank module, 2026-10-23). source |
| Fundraising (share sold) (Source) | 6.5 | Sold by its issuer or insiders: 35.1% of supply sold. Fundraiser participants received 80% of the 236,198,958 genesis ATOM: seed 11,809,947.91, strategic 16,856,718.97 and the April 2017 public fundraiser 160,293,050.6 ($16,029,305.06 at $0.10) = 188,959,717 ATOM. Against 537,743,602 ATOM current supply (Cosmos Hub bank module, 2026-10-23) = 35.1%. Seed contributors $300,000 (11,809,947.91 ATOM) and strategic/early contributors $1,329,472.33 at 15-25% discounts (16,856,718.97 ATOM), then the April 2017 public fundraiser of $16,029,305.06 from 864 addresses at $0.10/ATOM. source |
| Developer share (after launch) | 9.7 | Developer share: about 2.9% of today's supply received so far; 2% of each new block reward goes to them today. The distribution module's community_tax sends that share of inflation (and fees) to the community pool: 2% from genesis (Mar 2019), 10% after Prop 88 (vote ended 19 Dec 2022), back to 2% after Prop 996 (15 May 2025); live parameter is 0.02 with 10% inflation (2026-10-24). Estimated minted per period, from supply about 236M at genesis, about 350M in Dec 2022, about 469M in May 2025 and 537.7M now: 2% x 114M + 10% x 119M + 2% x 69M = about 15.5M, or about 2.9% of supply. The period supplies are back-calculated from inflation, so the result is only accurate to about +/-0.2 points. source |
| Decentralisation | 5.6 | average of 4 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No protocol-level freeze or blacklist of ordinary accounts and no party holding a halt power. source |
| No central team (Source) | 0 | A central team directs it: Gaia, the Cosmos SDK and CometBFT are maintained by Cosmos Labs (Interchain Labs) under the Interchain Foundation. source |
| Who can mint (Source) | 5 | Gated by stake rank: only a capped set of the largest stakes produces blocks |
| Nodes (Source) | 7.5 | 180 reachable nodes source |
| Security | 7.4 | 5.9 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 10 | largest 18.89%, largest three 32.87% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 5.5 | about 16,265 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 Oct 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 7 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.0008 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 5.4 | about 150 simple transactions a second |
| Block time (10 minutes 10, less either side) | 2.8 | a block every 6 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 MB limit, 200 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✗ | CometBFT gives single-block deterministic finality, but blocks average about 5.7 s, so acceptance usually takes longer than five seconds. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Cosmos SDK pruning strategies plus min-retain-blocks let nodes drop old state and blocks. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | CometBFT light client verifies headers from validator signatures (basis of IBC). |
| 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 | Any key can hold and send ATOM; the Cosmos SDK bank and auth modules carry 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 | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | 0 | No sender or receiver hiding. |
| Network privacy (Origin hidden by default) | 0 | CometBFT mempool gossip relays transactions directly. |
| Programmability | 10 | 9 of 9 points source |
| Token issuance (At protocol level) | 2 | x/tokenfactory, added by the Gaia v26 upgrade in February 2026, lets any account create a native denom for a 10 ATOM fee; CosmWasm on the Hub remains governance-gated. |
| Smart contracts (General-purpose) | 2 | CosmWasm with code upload and instantiation open to everybody since proposal 1007 (August 2025); over 800 code IDs on mainnet under Gaia v29. |
| Multisig and time locks (Without a third party) | ✓ | Native Cosmos SDK multisig accounts, plus vesting accounts and CosmWasm contracts for time-locked funds. |
| Atomic swaps (With other chains) | ✓ | CosmWasm contracts can hold funds against a hash preimage with a timeout refund (HTLC). |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: THORChain. |
| Cross-chain messaging (Verified by the chain itself) | ✓ | IBC (ibc-go v10) with light clients, packet-forward middleware and 08-wasm light clients. |
| NFTs (Carried by the chain's rules) | ✓ | CW-721 NFT contracts on the Hub's now-permissionless CosmWasm. |
| Demand | 8.1 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 43 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 6.4 | $13,632,005 traded in 24 hours; #96 by volume on the exchanges the site reads (scored on the median day of the last 30, $15,133,680) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 7.7 | 1.9% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 8.2 | $2,215,416 within 2% of the price on 9 exchanges, 0.30% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 7.2 | $748M, 7.2 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 7.3 | futures, options and margin positions 7.1% of its market cap |
| Wallet support (wallets that hold it, 10 or more: 10) | 10 | 14 wallets in the site's wallet directory |
| Record | 8 | average of 3 criteria |
| Age (years since genesis) (Source) | 7 | 7 full years since 2019-03-14, 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 | ✓ | 306 commits in 12 of the last 12 months (github.com/cosmos/gaia); Gaia v29.0.1, released 2026-10-23. |
| Shipped a security fix in two years, +1 | ✓ | Gaia v25.1.0, 2025: fixed an x/distribution integer overflow that could halt the chain; v25.3.1 binary-only security release. |
| Shipped a new capability for users in two years, +1 | ✓ | Gaia v26.0.0, 18 Feb 2026: x/tokenfactory lets anyone mint tokens on the Hub. |
| Not yet researched | ||
| Shipped a scaling upgrade in two years | – | |
| Conduct (origin, claims, halts) | 9 | 2 positive, 2 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, 2024-06-05 | ✗ | Chain halted at 19:21 UTC for about 4h40m from a v17 validator-set-change bug; validators restarted on patched v17.2.0. forum.cosmos.network |
| Halt, freeze or reversal, 2026-09-22 | ✗ | Validators stopped the chain at height 33,086,740 for about 25 hours to freeze ~1.2M ATOM from a Neutron governance exploit; the restart on Gaia v28.3.0 applied a one-time state change moving 1,227,121 ATOM to a six-signer recovery multisig. cryptoslate.com cryptobriefing.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+
Algorand ALGOA
Injective INJA
XDC Network XDCA
Aptos APTAAll 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
541,105,893 ATOM are in circulation, against no fixed cap — issuance has no defined end.
Launch and allocation
| Premine (allocated at launch) | 43.9% of today's supply |
|---|---|
| Sold by the issuer or insiders | 35.1% of today's supply |
| Developer share received since launch | 2.9% of today's supply |
| Developer share of new coins today | 2% |
| Nodes or validators | 180 |
| Fundraising | Public sale |
236,198,958.12 ATOM allocated at cosmoshub-1 genesis (March 2019) to fundraiser donors, seed and strategic contributors, the Interchain Foundation (10%) and All in Bits (10%), against a current total supply of 537,743,602 ATOM (Cosmos Hub bank module, 2026-10-23).
Seed contributors $300,000 (11,809,947.91 ATOM) and strategic/early contributors $1,329,472.33 at 15-25% discounts (16,856,718.97 ATOM), then the April 2017 public fundraiser of $16,029,305.06 from 864 addresses at $0.10/ATOM.
Fundraiser participants received 80% of the 236,198,958 genesis ATOM: seed 11,809,947.91, strategic 16,856,718.97 and the April 2017 public fundraiser 160,293,050.6 ($16,029,305.06 at $0.10) = 188,959,717 ATOM. Against 537,743,602 ATOM current supply (Cosmos Hub bank module, 2026-10-23) = 35.1%.
The distribution module's community_tax sends that share of inflation (and fees) to the community pool: 2% from genesis (Mar 2019), 10% after Prop 88 (vote ended 19 Dec 2022), back to 2% after Prop 996 (15 May 2025); live parameter is 0.02 with 10% inflation (2026-10-24). Estimated minted per period, from supply about 236M at genesis, about 350M in Dec 2022, about 469M in May 2025 and 537.7M now: 2% x 114M + 10% x 119M + 2% x 69M = about 15.5M, or about 2.9% of supply. The period supplies are back-calculated from inflation, so the result is only accurate to about +/-0.2 points.
Sources: github.com · mintscan.io · cosmos-rest.publicnode.com · cosmos.valopers.com · cosmos.valopers.com · forum.cosmos.network. Researched 2026-10-24, high confidence.
What a regulator has said
Alleged an unregistered security by the SEC (2023 complaint); not named a commodity in 2026 and not adjudicated — status unsettled.
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 Cosmos Hub
Cosmos Hub is #31 among cryptocurrencies and #84 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 53 places between Cosmos Hub'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).
See the 2 wrapped and staked claims on Cosmos Hub →