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Nervos Network (CKB)

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Nervos Network ranks #79 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #456: 377 of the 455 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 467 non-native assets CoinSpectrum lists above it by market cap, about 47% are tokens, 46% are claims on other assets, 7% are memecoins and under 1% are NFT collections.

CoinSpectrum Grade	A · 71/100 · provisional
Rank among cryptocurrencies	#79
Rank counting claims	#456
Market capitalisation	$46M
Price	$0.000918
Circulating supply	49,875,141,679 CKB
Maximum supply	no fixed cap
Consensus family	Proof of Work
Consensus mechanism	Eaglesong
Own hashrate	81 PH/s
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.

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 64 to 73 (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	5.6	the supply scale times 0.9, and a point for a fixed cap that holds
Supply (21 million scores 10)	6.2	no fixed maximum; 49.9 billion in circulation
Distribution	7.5	average of 3 parts
Holder concentration (Source)	–	Not yet measured
Active addresses	–	Not yet measured
Premine (allocated at launch)	5	49.8% of today's supply allocated at launch to founders, a company, a foundation or investors. Genesis was 33.6B CKB, of which 25% (8.4B) was burned; the remaining 25.2B was allocated (public sale 21.5%, private sale 14%, ecosystem fund 17%, team 15%, strategic founding partners 5%, foundation 2%, testnet incentives 0.5%), against 50.62B total supply per the Nervos explorer API (2026-10-23). source
Fundraising (share sold) (Source)	7.6	Sold by its issuer or insiders: 23.6% of supply sold. Of the 33.6B genesis CKB, the 2019 public sale (incl. CoinList) took 21.5% = 7.224B and the 2018 private sale 14% = 4.704B, total 11.928B. 11.928B / 50,626,880,608 CKB (CoinGecko total, 2026-10-24) = 23.6%. Private sale (14% of genesis; 2018 investors) plus a public sale of 21.5% on CoinList in Oct 2019 (~$70M reported). source
Developer share (after launch)	10	No developer share: every new coin goes to the miners or validators who produce blocks. Primary issuance goes entirely to miners. Secondary issuance (1.344B CKB/yr) is split among miners, NervosDAO depositors and a treasury share, but that treasury share is burned rather than paid out until a treasury is activated by a future hard fork, so no one receives a cut. source
Decentralisation	6.7	average of 3 parts
Governance (Source)	10	No authority can halt the chain or freeze funds: Cell (generalised UTXO) model with no freeze or admin key. source
No central team (Source)	0	A central team directs it: The Nervos Foundation and Cryptape develop the only node, nervosnetwork/ckb (MIT). 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	6	4.8 of 8 points source
Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points)	2.3	largest 49.8%, largest three 72.2%
Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points)	4.4	about 6,920 transactions a day
Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point)	7.6	own work 5; about 3.9 MW, 2.6 of 5; the largest on its algorithm
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 Sep 2026
Open source (Node software)	✓
No 51% attack (Nor a deep reorganisation, five years)	✓
Scalability	6.7	average of 5 parts source
Fees ($0.001 or less 10, $1 or more 0)	10	typical fee $2e-7
Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5)	5.3	about 141 simple transactions a second
Block time (10 minutes 10, less either side)	3.3	a block every 8.49 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	0.597 MB limit, 42.2 MB per 10 minutes
Features (3 checks)	5	1 of 2 passed, 1 not yet researched
Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11)	✗	NC-Max proof-of-work blocks about every 9 s with probabilistic confirmation; no zero-confirmation protection.
Pruned nodes (Old history dropped, every rule checked · Whitepaper §7)	–	No documented block-pruning mode found for the ckb full node.
Light clients (Payments verified from headers · Whitepaper §8)	✓	CKB light client (RFC 44/45, FlyClient-based) verifies headers and Merkle proofs without trusting a server, mainnet 2023.
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 create keys and receive and send coins; the protocol carries 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	No confidential transactions.
Hidden parties (Sender and receiver hidden)	0	No sender or receiver hiding.
Network privacy (Origin hidden by default)	0	ckb relays transactions directly.
Programmability	7.8	7 of 9 points source
Token issuance (At protocol level)	2	xUDT and sUDT tokens, lock and type scripts validated by CKB-VM in consensus, open to any account.
Smart contracts (General-purpose)	2	CKB-VM (RISC-V) lock and type scripts, deployable by any account, running token, DEX and NFT applications on the cell model.
Multisig and time locks (Without a third party)	✓	Multisig lock script plus the since field (RFC 0017) for absolute or relative time locks by block, epoch or timestamp.
Atomic swaps (With other chains)	✓	Lock scripts can require a hash preimage with a since-based refund (HTLC).
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)	✗	No protocol messaging to other chains.
NFTs (Carried by the chain's rules)	✓	Spore digital objects: one cell per object, validated by type scripts in CKB-VM.
Demand	6	average of 7 measures
Exchanges (10 or more: 10)	10	30 exchanges
Daily volume ($10K 0, $1B or more 10)	4.3	$571,289 traded in 24 hours; #539 by volume on the exchanges the site reads (scored on the median day of the last 30, $1,351,350)
Turnover (volume ÷ market cap, 5% a day: 10)	7.8	1.9% of its market cap a day, median of the last 30 days
Order-book depth (±2% of the price ÷ market cap, 1%: 10)	8.8	$202,786 within 2% of the price on 5 exchanges, 0.44% of its market cap, median of the last 15 days
Market cap ($1M 0, $10B or more 10)	4.2	$46M, 4.2 on a scale of 2.5 points per tenfold
Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0)	6.2	futures, options and margin positions 14% of its market cap
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	8	average of 3 criteria
Age (years since genesis) (Source)	6	6 full years since 2019-11-16, 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	✓	1,048 commits in 12 of the last 12 months (github.com/nervosnetwork/ckb); ckb v0.210.0, 17 Sep 2026; 14 stable releases in the last 24 months.
Shipped a security fix in two years, +1	✓	ckb v0.200.0, Mar 2025: OpenSSL RUSTSEC-2025-0004; v0.209.0, Jul 2026: unbounded memory growth fixes.
Shipped a new capability for users in two years, +1	✓	Meepo hard fork (ckb2023), 1 Jul 2025 at epoch 12,293: spawn syscalls for script composition.
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

Proof of Stake coins

Supply

49,875,141,679 CKB are in circulation, against no fixed cap — issuance has no defined end.

Launch and allocation

Premine (allocated at launch)	49.8% of today's supply
Sold by the issuer or insiders	23.6% of today's supply
Developer share received since launch	0% of today's supply
Developer share of new coins today	0%
Fundraising	Public sale

Genesis was 33.6B CKB, of which 25% (8.4B) was burned; the remaining 25.2B was allocated (public sale 21.5%, private sale 14%, ecosystem fund 17%, team 15%, strategic founding partners 5%, foundation 2%, testnet incentives 0.5%), against 50.62B total supply per the Nervos explorer API (2026-10-23).

Private sale (14% of genesis; 2018 investors) plus a public sale of 21.5% on CoinList in Oct 2019 (~$70M reported).

Of the 33.6B genesis CKB, the 2019 public sale (incl. CoinList) took 21.5% = 7.224B and the 2018 private sale 14% = 4.704B, total 11.928B. 11.928B / 50,626,880,608 CKB (CoinGecko total, 2026-10-24) = 23.6%.

Primary issuance goes entirely to miners. Secondary issuance (1.344B CKB/yr) is split among miners, NervosDAO depositors and a treasury share, but that treasury share is burned rather than paid out until a treasury is activated by a future hard fork, so no one receives a cut.

Sources: coinmarketcap.com · nervosckb.notion.site · explorer.nervos.org · coingecko.com · github.com · docs.nervos.org. Researched 2026-10-24, medium confidence.

The work behind it

Nervos Network is secured by 81 PH/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 Nervos Network

Nervos Network is #79 among cryptocurrencies and #456 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 377 places between Nervos 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).