GOAT Network ranks #214 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1693: 1479 of the 1692 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 1970 non-native assets CoinSpectrum lists above it by market cap, about 61% are tokens, 32% are claims on other assets, 5% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | A · 64/100 · provisional, B to A |
|---|---|
| Rank among cryptocurrencies | #214 |
| Rank counting claims | #1693 |
| Market capitalisation | $2M |
| Price | $0.0115 |
| Circulating supply | 132,113,381 GOATED |
| Maximum supply | 1,000,000,000 GOATED |
| Consensus family | Other |
| Consensus mechanism | Bitcoin-anchored L2 (zkVM rollup) |
| Network purpose | Smart-contract platform |
| 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.
A — 64 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 59 to 68 (B to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 6.4 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 6.4 | Other: 6.4 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 6.4 | Other: 6.4 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 8.5 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 8.3 | fixed maximum supply of 1 billion |
| Distribution | 7.5 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 4 | 60% of today's supply allocated at launch to founders, a company, a foundation or investors. 1B fixed supply. Team, contributors and advisors ~23%, early supporters 15.58%, on-chain treasury ~15% and airdrop 7% are counted as insider (about 60%). The ~40% mining-rewards pool (sequencer mining, ZK-proof verification, ecosystem rewards) is excluded as a participant pool. source |
| Fundraising (share sold) (Source) | 8.4 | Sold by its issuer or insiders: 15.6% of supply sold. 15.58% 'early supporters' with cliff and vesting, read as investors. No amounts or names were found. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. GOAT has a fixed 1B supply, all created at TGE. Sequencer and prover mining rewards are paid from the pre-minted ~40% mining-rewards pool, and the ~15% treasury was a genesis allocation (premine). There is no new issuance to cut. source |
| Decentralisation | 4 | average of 3 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: The GOATED contract has no pause, blacklist or clawback; a Gnosis Safe (0x266a01f8...) owns the Locking and Bridge contracts and must approve every new validator, and can change bridge fees and limits, but has no documented power to freeze user balances. source |
| No central team (Source) | 0 | A central team directs it: The GOAT Network team (incubated by ZKM, the Metis co-founder's zk lab) develops both clients, goat (Cosmos SDK/CometBFT, Apache-2.0) and goat-geth, in the GOATNetwork GitHub organisation. source |
| Who can mint (Source) | – | Consensus not yet reviewed |
| Nodes (Source) | 2 | 4 active validators or block producers (source: Active) |
| Security | 5.9 | 4.7 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 4.5 | largest 31%, largest three 79.5% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 5 | about 11,245 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 Aug 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 8.1 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00023 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 8.1 | about 809 simple transactions a second |
| Block time (10 minutes 10, less either side) | 2.5 | a block every 5 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 | 1.5 MB limit (converted from its gas, compute, mass or count limit), 180 MB per 10 minutes |
| Features (3 checks) | 10 | 1 of 1 passed, 2 not yet researched |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✓ | CometBFT gives single-block BFT finality on the L2 with ~3.5-second blocks (Bitcoin anchoring comes later). |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | – | Combined CometBFT/goat-geth retention settings not established. |
| Light clients (Payments verified from headers · Whitepaper §8) | – | CometBFT consensus layer has a header light client, but no light client for goat-geth execution state was found. |
| 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 | Accounts are derived from user-generated keys and the EVM checks only signatures and balances; no identity check is part of the chain's rules. |
| 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 | Account-based EVM chain with public balances and transfer amounts. |
| Hidden parties (Sender and receiver hidden) | 0 | Sender and receiver addresses are public; no ring signatures, ZK sender proofs or stealth addresses in the protocol. |
| Network privacy (Origin hidden by default) | 0 | Devp2p relays transactions directly from the sending node; no Dandelion-style relay or built-in Tor. |
| Programmability | 8.9 | 8 of 9 points source |
| Token issuance (At protocol level) | 2 | ERC-20 contracts on GOAT Network's own EVM (a Bitcoin-anchored L2, which is GOATED's chain), open to any account; GOATED itself is a predeployed ERC-20, and third-party contracts appear on its explorer. |
| Smart contracts (General-purpose) | 2 | EVM on GOAT Network (chain ID 2345), the Bitcoin-anchored L2 that is GOATED's own chain, open to any account; blocks produced in October 2026. |
| Multisig and time locks (Without a third party) | ✓ | EVM contracts can enforce m-of-n signatures and block-time locks. |
| Atomic swaps (With other chains) | ✓ | Hash-locked, time-locked contracts can be written for its EVM. |
| 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) | ✓ | Its BitVM2 bridge to Bitcoin is part of the network design, with a 1-of-n honest-operator assumption and permissionless challenges rather than a multisig; low confidence on whether this counts as verification by the chain's own nodes. |
| NFTs (Carried by the chain's rules) | ✓ | ERC-721 contracts on its EVM. |
| Demand | 4.9 | average of 7 measures |
| Exchanges (10 or more: 10) | 3 | 3 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 1.8 | $139,122 traded in 24 hours; #1669 by volume on the exchanges the site reads (scored on the median day of the last 30, $78,491) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 10 | 5.0% 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 | $4,435 within 2% of the price on 2 exchanges, 0.29% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 0.5 | $1.5M, 0.5 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) | 1 | 1 full year since 2025-09-27, 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 source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 96 commits in 9 of the last 12 months (github.com/GOATNetwork/goat); Consensus client goat v0.4.7 'Security Fix' (github.com/GOATNetwork/goat, 2026-08-20), after v0.4.6 (2026-07-28), v0.4.5 and the Reese hard fork (2026-02/03); execution client goat-geth v0.4.2 (2026-03-17). |
| Shipped a security fix in two years, +1 | ✓ | goat v0.4.6–v0.4.7, Jul–Aug 2026: cosmos-sdk/CometBFT security upgrades and an urgent 'Security Fix' release; v0.4.4 Reese fork, Mar 2026: unlock-queue and beacon-root bug fixes. |
| Shipped a new capability for users in two years, +1 | ✓ | GOAT Osaka hard fork (goat v0.4.1 / goat-geth), Dec 2025, mainnet height 8,821,000: Ethereum Fusaka/Osaka EVM changes. |
| 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.
132,113,381 of a maximum 1,000,000,000 GOATED are in circulation — 13.2% of the total that will ever exist.
| Premine (allocated at launch) | 60% of today's supply |
|---|---|
| Sold by the issuer or insiders | 15.6% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Nodes or validators | 4 |
| Fundraising | Private or venture funding |
1B fixed supply. Team, contributors and advisors ~23%, early supporters 15.58%, on-chain treasury ~15% and airdrop 7% are counted as insider (about 60%). The ~40% mining-rewards pool (sequencer mining, ZK-proof verification, ecosystem rewards) is excluded as a participant pool.
15.58% 'early supporters' with cliff and vesting, read as investors. No amounts or names were found.
GOAT has a fixed 1B supply, all created at TGE. Sequencer and prover mining rewards are paid from the pre-minted ~40% mining-rewards pool, and the ~15% treasury was a genesis allocation (premine). There is no new issuance to cut.
The percentages are approximate in the source (they sum to ~100.6%). Part of the mining pool is 'ecosystem contributor' rewards that may be discretionary, so preminePct may be understated. 'Early supporters' is not defined as investors.
Sources: docs.goat.network · crypto.news · moroccoworldnews.com. Researched 2026-10-26, medium confidence.
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.
GOAT Network is #214 among cryptocurrencies and #1693 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 1479 places between GOAT 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).