Mintlayer (ML)
Mintlayer ranks #199 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1584: 1385 of the 1583 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 1853 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 | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #199 |
| Rank counting claims | #1584 |
| Market capitalisation | $2M |
| Price | $0.00387 |
| Circulating supply | 515,079,953 ML |
| Maximum supply | 599,995,070 ML |
| Consensus family | Proof of Stake |
| Consensus mechanism | PoS (VRF, chain density) |
| Network purpose | Financial ledger |
| 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. Mintlayer's launch — how much went to insiders, whether it was sold to investors — is still being researched. 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 | 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 | 8.7 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 8.5 | fixed maximum supply of 600 million |
| 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 | — | too few measures yet |
| Governance (Source) | – | Not yet researched |
| No central team (Source) | – | Not yet researched |
| Who can mint (Source) | 7 | Gated by stake: any holder with enough stake can validate: access bought with coins |
| 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 | 5.4 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 9.5 | typical fee $0.0014 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 2.9 | about 35 simple transactions a second |
| Block time (10 minutes 10, less either side) | 7.5 | a block every 2 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) | 7.2 | 1.05 MB limit, 5.2 MB per 10 minutes |
| Features (3 checks) | 0 | 0 of 1 passed, 2 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) | – | No block-pruning option found in mintlayer-core 1.x; not established. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | Proof-of-stake UTXO chain with no light-client protocol in mintlayer-core; light wallets use its API server. |
| 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 | Addresses are hashes of keys users generate themselves; the node checks scripts and signatures, with no identity condition in its consensus rules. |
| 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 UTXO amounts. |
| Hidden parties (Sender and receiver hidden) | 0 | Plain public addresses. |
| Network privacy (Origin hidden by default) | 0 | mintlayer-core has an optional SOCKS5 transport only; no Dandelion or default Tor. |
| Programmability | 6.7 | 6 of 9 points source |
| Token issuance (At protocol level) | 2 | Native fungible tokens and NFTs in the consensus rules, issued by any wallet with a single transaction for an ML fee (100 ML for a fungible token), live since the January 2024 mainnet. |
| Smart contracts | 0 | UTXO chain with a fixed set of output types (Transfer, LockThenTransfer, Htlc, CreateOrder, token and staking outputs) and no user-programmable script or VM. |
| Multisig and time locks (Without a third party) | ✓ | ClassicMultisig destinations (m-of-n) and LockThenTransfer outputs with an OutputTimeLock in mintlayer-core. |
| Atomic swaps (With other chains) | ✓ | Native Htlc outputs (secret hash, spend key, refund time lock) valid on mainnet since fork height 254,740, used for BTC cross-chain 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 (On-chain orders (CreateOrder, fill, conclude) in the consensus rules since fork height 254,740, orders v1 since height 517,700). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | Cross-chain trades are HTLC swaps; the protocol carries no messages to other chains. |
| NFTs (Carried by the chain's rules) | ✓ | IssueNft output type in the consensus rules since the January 2024 mainnet. |
| Demand | 4.7 | average of 7 measures |
| Exchanges (10 or more: 10) | 3 | 3 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 1.6 | $60,659 traded in 24 hours; #1818 by volume on the exchanges the site reads (scored on the median day of the last 30, $60,554) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 7 | 19% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 9.6 | $14,903 within 2% of the price on 3 exchanges, 0.75% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 0.7 | $2.0M, 0.7 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 | 2.5 | average of 3 criteria |
| Age (years since genesis) (Source) | 3 | 3 full years since 2023-03-24, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 2 | 2 positive, 0 negative source |
| Positive | ||
| Shipped a security fix in two years, +1 | ✓ | Mintlayer Core v1.2.0 (Oct 2025), mainnet hard fork 20-21 Jan 2026: order-handling fixes and 'security enhancements' (not itemised). |
| Shipped a new capability for users in two years, +1 | ✓ | Mintlayer Core v1.0.0 (Jan 2025): on-chain orders and HTLCs for native BTC atomic swaps went live on mainnet. |
| 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.
Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
Stealth XSTA
Secret SCRTA
Pkoin PKOIN
Vexanium VEXBAll 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
515,079,953 of a maximum 599,995,070 ML are in circulation — 85.8% of the total that will ever exist.
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 Mintlayer
Mintlayer is #199 among cryptocurrencies and #1584 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 1385 places between Mintlayer'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).