Fractal Bitcoin (FB)
Fractal Bitcoin ranks #100 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #607: 507 of the 606 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 608 non-native assets CoinSpectrum lists above it by market cap, about 50% are tokens, 41% are claims on other assets, 8% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | A · 73/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #100 |
| Rank counting claims | #607 |
| Market capitalisation | $31M |
| Price | $0.2841 |
| Circulating supply | 110,150,363 FB |
| Maximum supply | 210,000,000 FB |
| Consensus family | Proof of Work |
| Consensus mechanism | SHA-256 (merge-mined with BTC) |
| Own hashrate | — |
| Network purpose | Payments |
| Ledger type | Single-asset ledger |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A — 73 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 66 to 74 (A to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 10 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 10 | Proof of work: 10 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 10 | Proof of work: 10 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 9.1 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 9 | fixed maximum supply of 210 million |
| Distribution | 7.5 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 3.3 | 66.6% of today's supply allocated at launch to founders, a company, a foundation or investors. 50% of the 210M cap (105M FB) was pre-allocated (ecosystem treasury 15%, core contributors 15%, community grants 10%, advisors 5%, presale 5%), against a current total supply of 157,690,025 FB (MEXC, Sep 2026), which matches 105M plus about 52.7M mined since the Sep 2024 launch. source |
| Fundraising (share sold) (Source) | 9.3 | Sold by its issuer or insiders: 6.7% of supply sold. The pre-allocation sets aside 5% of the 210M cap (10.5M FB) for presale participants. 10.5M / 157,690,025 FB current total supply (MEXC, Sep 2026) = 6.7%. The presale price, buyers and whether the full 5% was placed are not disclosed. UniSat's own strategic/pre-Series A rounds are company-level and are not separately counted. 5% presale allocation. UniSat (the developer) raised undisclosed strategic and pre-Series A rounds: LK Ventures (Jan 2023), OKX Ventures, ABCDE and Vitalbridge (Feb 2024), CGV FoF (Mar 2024), and Binance Labs-led (May 2024). source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. The 105M pre-allocation (50% of the cap) was minted at launch (Sep 2024) and is counted as premine. Block rewards (25 FB, halving every 2.1M blocks) go to merged and permissionless miners. Since FIP-101 (2026), a third of rewards goes to indexers and the FB stakers who back them. These are permissionless participants, not a developer, foundation or treasury, so this is not counted, although only the official Fractal indexer ran in the first test stage. source |
| Decentralisation | 6.7 | average of 3 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No freeze or clawback power; no halts on record. source |
| No central team (Source) | 0 | A central team directs it: Fractal Bitcoin (incubated by the UniSat team) maintains the only node, fractal-bitcoin/fractal (MIT, Bitcoin Core fork), and ships the releases. source |
| Who can mint (Source) | 10 | Open to anyone with hardware: anyone can produce blocks by mining, no permission needed |
| Nodes (Source) | – | Not yet counted |
| Security | 8.5 | 6.8 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 10 | largest 13.3%, largest three 37.6% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 10 | about 11,856,000 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 1 | merge-mined: its blocks are found by another chain's miners, 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 Aug 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 7.6 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $5e-7 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 6.1 | about 236 simple transactions a second |
| Block time (10 minutes 10, less either side) | 5.3 | a block every 30 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 | 4 MB limit, 80 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) | ✗ | 30 s blocks on a Bitcoin Core 29 base, which relays full replace-by-fee by default, so zero-confirmation is not protected. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | fractald v0.2.3 lowered the -prune minimum to 10,000 blocks; Bitcoin Core-style block pruning. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | Bitcoin-format headers with Merkle roots support SPV verification (Bitcoin §8). |
| 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 | Amounts are public on the UTXO chain. |
| Hidden parties (Sender and receiver hidden) | 0 | Addresses are public; no ring signatures or stealth addresses. |
| Network privacy (Origin hidden by default) | 0 | Bitcoin Core-derived node: Tor/I2P only if the user configures them; no Dandelion. |
| Programmability | 4.4 | 4 of 9 points source |
| Token issuance (Through a metaprotocol) | 1 | BRC-20, Runes, CAT20: read by indexers, not validated by the chain's nodes |
| Smart contracts (Scripting for spending conditions) | 1 | Bitcoin Core-derived Script (fractal-29.x branch) with OP_CAT re-enabled; covenants are possible but applications are tracked by indexers. |
| Multisig and time locks (Without a third party) | ✓ | Bitcoin's OP_CHECKMULTISIG, CLTV and CSV inherited from Bitcoin Core. |
| Atomic swaps (With other chains) | ✓ | Bitcoin-style HTLCs are expressible in its Script. |
| 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) | ✗ | Merge-mined with Bitcoin, but no protocol messaging to other chains. |
| NFTs (Carried by the chain's rules) | ✗ | No NFT rules in consensus; Ordinals and CAT721 are read by indexers. |
| Demand | 5.5 | average of 7 measures |
| Exchanges (10 or more: 10) | 7 | 7 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 3.9 | $252,205 traded in 24 hours; #674 by volume on the exchanges the site reads (scored on the median day of the last 30, $910,670) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 8.3 | 2.4% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 4.9 | $9,185 within 2% of the price on 3 exchanges, 0.03% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 3.7 | $31M, 3.7 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 |
| 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 | 6.3 | average of 3 criteria |
| Age (years since genesis) (Source) | 2 | 2 full years since 2024-09-12, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 7 | 2 positive, 0 negative, 1 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 3 commits in 2 of the last 12 months (github.com/fractal-bitcoin/fractald-release); fractal-bitcoin/fractald-release v0.4.0, 2026-08-10; 8 releases in 24 months. |
| Shipped a security fix in two years, +1 | ✓ | fractald v0.2.9, Sep 2025: rebased from Bitcoin Core v24 to v29, taking in Core's disclosed security patches. |
| Not yet researched | ||
| Unfixed vulnerabilities and exploits | – | |
| 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.
Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Verge XVG
Siacoin SCA
EthereumPoW ETHWA
Ravencoin RVNA+All Proof of Work chains →Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
TRON TRXA
Hyperliquid HYPEB
Cardano ADAA
NEAR Protocol NEARAAll Proof of Stake chains →Supply
110,150,363 of a maximum 210,000,000 FB are in circulation — 52.5% of the total that will ever exist.
Launch and allocation
| Premine (allocated at launch) | 66.6% of today's supply |
|---|---|
| Sold by the issuer or insiders | 6.7% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | Private or venture funding |
50% of the 210M cap (105M FB) was pre-allocated (ecosystem treasury 15%, core contributors 15%, community grants 10%, advisors 5%, presale 5%), against a current total supply of 157,690,025 FB (MEXC, Sep 2026), which matches 105M plus about 52.7M mined since the Sep 2024 launch.
5% presale allocation. UniSat (the developer) raised undisclosed strategic and pre-Series A rounds: LK Ventures (Jan 2023), OKX Ventures, ABCDE and Vitalbridge (Feb 2024), CGV FoF (Mar 2024), and Binance Labs-led (May 2024).
The pre-allocation sets aside 5% of the 210M cap (10.5M FB) for presale participants. 10.5M / 157,690,025 FB current total supply (MEXC, Sep 2026) = 6.7%. The presale price, buyers and whether the full 5% was placed are not disclosed. UniSat's own strategic/pre-Series A rounds are company-level and are not separately counted.
The 105M pre-allocation (50% of the cap) was minted at launch (Sep 2024) and is counted as premine. Block rewards (25 FB, halving every 2.1M blocks) go to merged and permissionless miners. Since FIP-101 (2026), a third of rewards goes to indexers and the FB stakers who back them. These are permissionless participants, not a developer, foundation or treasury, so this is not counted, although only the official Fractal indexer ran in the first test stage.
Sources: yellow.com · mexc.com · coinex.com · kucoin.com · viabtc.net · viabtc.com. Researched 2026-10-24, low confidence.
The work behind it
561 EH/s is recorded against Fractal Bitcoin, but it is merge-mined in part and the split between its own blocks and a parent's is not published — so its own share reads as unknown.
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 Fractal Bitcoin
Fractal Bitcoin is #100 among cryptocurrencies and #607 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 507 places between Fractal Bitcoin'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).