IRISnet (IRIS)
IRISnet ranks #314 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #3998: 3684 of the 3997 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 4324 non-native assets CoinSpectrum lists above it by market cap, about 64% are tokens, 33% are claims on other assets, 2% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | pending — no market data |
|---|---|
| Rank among cryptocurrencies | #314 |
| Rank counting claims | #3998 |
| Market capitalisation | $24 |
| Price | $1.47e-8 |
| Circulating supply | 1,633,195,019 IRIS |
| Maximum supply | no fixed cap |
| Consensus family | Other |
| Consensus mechanism | — not yet curated |
| 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)
Grade pending. No market cap or no daily volume is reported for IRISnet by any source the site reads. A grade is not given until it is, so that a coin is never rated higher for what is not yet known.
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | — | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | — | Consensus not yet reviewed |
| By family (all its chains' market cap) (Source) | — | Consensus not yet reviewed |
| Supply | 7.3 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 8.1 | no fixed maximum; 1.63 billion in circulation |
| Distribution | — | not yet measured |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | – | Launch not yet researched |
| Fundraising (share sold) (Source) | – | Launch not yet researched |
| Developer share (after launch) | – | Not yet researched |
| Decentralisation | — | not yet measured |
| Governance (Source) | – | Not yet researched |
| No central team (Source) | – | Not yet researched |
| Who can mint (Source) | – | Consensus not yet reviewed |
| Nodes (Source) | – | Not yet counted |
| Security | — | 0.1 of 1 points, 7 not yet measured |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | – | |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | – | |
| 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) | – | |
| Open source (Node software) | – | |
| No 51% attack (Nor a deep reorganisation, five years) | – | |
| Scalability | 6.8 | average of 4 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | – | not yet measured |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 4.4 | about 85 simple transactions a second |
| Block time (10 minutes 10, less either side) | 2.8 | a block every 5.82 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, 206 MB per 10 minutes |
| Features (3 checks) | 10 | 2 of 2 passed, 1 not yet researched |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | – | |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Cosmos SDK pruning ('default'/'everything') plus CometBFT min-retain-blocks and state sync let a node keep only recent state and blocks. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | irishub v4.1.0 runs CometBFT 0.38.21, whose light client (used by IBC) verifies headers from validator signatures. |
| Privacy | 7 | 7 of 10: whitepaper privacy 7 of 7, extra features 0 of 3, 2 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Accounts are created from user-generated keys in the Cosmos SDK auth and bank modules, with no identity check on holding or sending. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | – | |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | Transparent bank-module transfers. |
| Hidden parties (Sender and receiver hidden) | 0 | Plain public bech32 accounts. |
| Network privacy (Origin hidden by default) | 0 | CometBFT gossips transactions without origin hiding; no Dandelion or built-in Tor. |
| Programmability | 10 | 9 of 9 points source |
| Token issuance (At protocol level) | 2 | The IRIShub token module lets any account issue native tokens for a fee (currently 1,000 IRIS base fee), and IRIShub 2.0 added an EVM for ERC-20 contracts. |
| Smart contracts (General-purpose) | 2 | EVM module (irisevm) added in IRIShub 2.0, open to any account, on a mainnet producing blocks on 2026-10-28. |
| Multisig and time locks (Without a third party) | ✓ | Cosmos SDK multisig keys and vesting accounts, plus the native htlc module's time locks. |
| Atomic swaps (With other chains) | ✓ | Native htlc module (irismod) for hash-time-locked transfers, usable for cross-chain atomic swaps. |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: an exchange in its own protocol (coinswap module (irismod), a Uniswap-style AMM in the protocol, plus the farm module); Komodo DeFi. |
| Cross-chain messaging (Verified by the chain itself) | ✓ | IBC core with the 07-tendermint light client, plus TIBC, in the IRIShub app. |
| NFTs (Carried by the chain's rules) | ✓ | Native nft and mt (multi-token) modules (irismod) in the IRIShub app. |
| Demand | 0.3 | average of 3 measures |
| Exchanges (10 or more: 10) | 0 | no exchange the site reads trades it |
| Daily volume ($10K 0, $1B or more 10) | – | no volume reported |
| Turnover (volume ÷ market cap, 5% a day: 10) | – | not measured |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | – | no order book on the nine exchanges read |
| Market cap ($1M 0, $10B or more 10) | 0 | $0K, 0 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | – | not measured |
| 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 | 3.5 | average of 3 criteria |
| Age (years since genesis) (Source) | 7 | 7 full years since 2019-04-18, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 0 | 1 positive, 1 negative source |
| Positive | ||
| Shipped a security fix in two years, +1 | ✓ | irishub v4.0.1, Mar 2025: ibc-go 8.7.0 (the ISA-2025-001 fix); v4.0.2/v4.0.3 (Jan 2026) moved to CometBFT v0.38.21, the CSA-2026-001 patch. |
| Negative | ||
| Unfixed vulnerability, disclosed 2025-07-08, −1 | ✗ | Cosmos SDK ISA-2025-005 (GHSA-p22h-3m2v-cmgh, High) lets a deposit into a validator rewards pool overflow and halt the chain; irishub v4.1.0 is on cosmos-sdk v0.50.11-lsm, without the v0.50.14 fix. github.com github.com github.com |
| Conduct (origin, claims, halts) | — | Not yet reviewed |
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.
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1,633,195,019 IRIS are in circulation, against no fixed cap — issuance has no defined end.
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 IRISnet
IRISnet is #314 among cryptocurrencies and #3998 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 3684 places between IRISnet'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).