Decred (DCR)
Decred ranks #49 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #156: 107 of the 155 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 152 non-native assets CoinSpectrum lists above it by market cap, about 56% are claims on other assets, 37% are tokens, 7% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | A · 71/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #49 |
| Rank counting claims | #156 |
| Market capitalisation | $208M |
| Price | $11.74 |
| Circulating supply | 17,684,812 DCR |
| Maximum supply | 21,000,000 DCR |
| Consensus family | Hybrid |
| Consensus mechanism | BLAKE3 PoW + PoS |
| Own hashrate | 5.74 TH/s |
| Active addresses a day | 32,489 October 2026 median, Coin Metrics |
| Ledger type | Single-asset ledger |
| Launch distribution | Premine |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A — 71 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 65 to 72 (A to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 4.5 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 4.5 | Hybrid: 4.5 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 4.5 | Hybrid: 4.5 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 10 | fixed maximum supply of 21 million |
| Distribution | 8.8 | average of 4 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | 6.8 | 32,489 addresses active a day, the median of October 2026's 31 days (Coin Metrics community data) source |
| Premine (allocated at launch) | 9.1 | 9.5% of today's supply allocated at launch to founders, a company, a foundation or investors. Premine of 1.68M DCR (8% of the 21M cap): 840,000 airdropped evenly to 2,972 participants and 840,000 to Company 0 and its developers, against a current supply of about 17.66M DCR. source |
| Fundraising (share sold) (Source) | 10 | No sale of the coin source |
| Developer share (after launch) | 9.1 | Developer share: about 9% of today's supply received so far; 10% of each new block reward goes to them today. 10% of every block subsidy has gone to the treasury since launch (Feb 2016). It was paid to the Decred Holdings dev address until the decentralized, stakeholder-voted treasury began in 2021 (DCP-0006). The PoW/PoS split changed in 2022 (DCP-0010) and 2024 (DCP-0012), but the treasury's 10% did not. Block-issued supply is 17,660,424 - 1,680,000 premine = 15,980,424, and 10% of that is ~1.60M DCR, 9.0% of supply. source |
| Decentralisation | 9.3 | average of 3 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No party can freeze or claw back DCR; stakeholders can only approve or reject consensus rule changes by on-chain vote. source |
| No central team (Source) | 10 | No central team: dcrd (ISC) is maintained by independent contractors paid from the stakeholder-voted treasury, and consensus changes need a ticket-holder vote; no single company controls it. source |
| Who can mint (Source) | 8 | Open, with a stake vote: anyone can mine, and stakeholders vote on the blocks |
| Nodes (Source) | – | Not yet counted |
| Security | 6.6 | 5.3 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 6.3 | largest 42%, largest three 46% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 3.3 | about 3,040 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 6.5 | own work 5; about 141 kW (estimated from its miner pay), 1.5 of 5; 0.12% of its algorithm's largest, not scored |
| 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 | 5.9 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.0003 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 0 | about 5.8 simple transactions a second |
| Block time (10 minutes 10, less either side) | 8.9 | a block every 5 minutes |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 3.8 | 0.393 MB limit, 0.786 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) | ✓ | dcrd relays the first-seen transaction and has no replace-by-fee, which meets the first-seen rule, though blocks are 5 minutes apart and no double-spend proofs exist. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✗ | dcrd has no block-pruning mode; full nodes keep the whole chain. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | dcrd serves committed compact filters for SPV wallets (header commitments, DCP-0005, 2019). |
| Privacy | 7 | 7 of 10: whitepaper privacy 7 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 generate keys and receive and send coins; the consensus rules carry no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 10 | Coins are separate unspent outputs: a payment spends whole outputs and sends the change to a new address, so the coins in one wallet need not share a history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | StakeShuffle mixing uses equal denominations; amounts stay public. |
| Hidden parties (Sender and receiver hidden) | 0 | Optional CoinShuffle++ mixing, no ring signatures, ZK proofs or stealth addresses. |
| Network privacy (Origin hidden by default) | 0 | dcrd relays transactions directly; Tor is optional configuration. |
| Programmability | 4.4 | 4 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts (Scripting for spending conditions) | 1 | dcrd's Bitcoin-style txscript limited to spending conditions. |
| Multisig and time locks (Without a third party) | ✓ | OP_CHECKMULTISIG plus OP_CHECKLOCKTIMEVERIFY and OP_CHECKSEQUENCEVERIFY in dcrd's txscript. |
| Atomic swaps (With other chains) | ✓ | decred/atomicswap HTLC tools for swaps with Bitcoin, Litecoin and others; also used by DCRDEX. |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: BasicSwap; Bisq. |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol messaging to other chains. |
| NFTs (Carried by the chain's rules) | ✗ | Decred carries only DCR; no token type. |
| Demand | 5.6 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 13 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 3.9 | $1,072,589 traded in 24 hours; #679 by volume on the exchanges the site reads (scored on the median day of the last 30, $898,326) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 4.1 | 0.38% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 4.7 | $54,796 within 2% of the price on 5 exchanges, 0.03% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 5.8 | $208M, 5.8 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 | 9 | average of 3 criteria |
| Age (years since genesis) (Source) | 10 | 10 full years since 2016-02-10, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 7 | 3 positive, 0 negative, 3 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 636 commits in 12 of the last 12 months (github.com/decred/dcrd); dcrd v2.1.7 released 2026-10-15 (v2.1.6 emergency release 2026-08-18). |
| Shipped a security fix in two years, +1 | ✓ | dcrd v2.1.6, Aug 2026: consensus bug fix (single secondary source). |
| Exploit of the chain, 2026-08-16, flaw fixed (the security fix above) | ✓ | An attacker exploited a consensus edge case in how Decred's regular and stake transaction trees interact to double-spend inputs and mint about 2,078 DCR between 16 and 17 Aug 2026; dcrd 2.1.6 narrowed the consensus rules on 18 Aug, with no rollback. blog.decred.org |
| Not yet researched | ||
| Shipped a privacy improvement in two years | – | |
| Shipped a scaling upgrade in two years | – | |
| Shipped a new capability for users in two years | – | |
| Conduct (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 | ✓ | |
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.
Hybrid coins
Conflux 
Zano 
Abey 
Xphere 
Core 
Verus 
Elastos 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
17,684,812 of a maximum 21,000,000 DCR are in circulation — 84.2% of the total that will ever exist.
Launch and allocation
| Premine (allocated at launch) | 9.5% of today's supply |
|---|---|
| Developer share received since launch | 9% of today's supply |
| Developer share of new coins today | 10% |
| Fundraising | No sale and no investor round |
Premine of 1.68M DCR (8% of the 21M cap): 840,000 airdropped evenly to 2,972 participants and 840,000 to Company 0 and its developers, against a current supply of about 17.66M DCR.
No sale to outside buyers. Developers paid $0.49 per premined coin out of pocket or in lieu of pay (about $415k of bring-up costs); the airdrop half was free.
10% of every block subsidy has gone to the treasury since launch (Feb 2016). It was paid to the Decred Holdings dev address until the decentralized, stakeholder-voted treasury began in 2021 (DCP-0006). The PoW/PoS split changed in 2022 (DCP-0010) and 2024 (DCP-0012), but the treasury's 10% did not. Block-issued supply is 17,660,424 - 1,680,000 premine = 15,980,424, and 10% of that is ~1.60M DCR, 9.0% of supply.
Sources: dcrdata.decred.org · docs.decred.org · github.com · docs.decred.org · docs.decred.org. Researched 2026-10-24, high confidence.
The work behind it
Decred is secured by 5.74 TH/s of its own work. Hashrate does not compare across algorithms — a SHA-256 hash and a Scrypt hash cost different amounts to produce.
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 Decred
Decred is #49 among cryptocurrencies and #156 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 107 places between Decred'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).