Pendulum (PEN)
Pendulum ranks #354 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #5146: 4792 of the 5145 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.
| CoinSpectrum Grade | pending — no market data |
|---|---|
| Rank among cryptocurrencies | #354 |
| Rank counting claims | #5146 |
| Price | $0.0140 |
| Circulating supply | 0 PEN |
| Maximum supply | 150,050,252 PEN |
| Consensus family | Proof of Stake |
| Consensus mechanism | Polkadot parachain (Aura collators, relay-chain finality) |
| 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. No market cap or no daily volume is reported for Pendulum 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 | 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 | 9.2 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 9.1 | fixed maximum supply of 150 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 | — | too few measures yet 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) | – | not yet measured |
| Block time (10 minutes 10, less either side) | 4.2 | a block every 15.1 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) | – | not yet measured |
| 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) | ✓ | Pendulum node: Polkadot SDK collator nodes support --state-pruning and --blocks-pruning. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | Pendulum parachain: light clients (smoldot) verify parachain headers through Polkadot relay-chain GRANDPA finality proofs. |
| 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 | Substrate accounts anyone generates; no identity rule gating transfers. |
| 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 | Public balances. |
| Hidden parties (Sender and receiver hidden) | 0 | Public accounts; no ring signatures or stealth addresses. |
| Network privacy (Origin hidden by default) | 0 | Pendulum runtime 27: Substrate libp2p without Dandelion or Tor. |
| Programmability | 10 | 9 of 9 points source |
| Token issuance (At protocol level) | 2 | On the Pendulum parachain itself: ink!/Wasm smart contracts (pallet_contracts, open to any signed account, allowed by the call filter) with a tokens chain extension, on which PSP22-style tokens run. |
| Smart contracts (General-purpose) | 2 | ink!/Wasm smart contracts (pallet_contracts) on the Pendulum parachain, open to any signed account and allowed by the base call filter. |
| Multisig and time locks (Without a third party) | ✓ | pallet_multisig and pallet_vesting are in the runtime and allowed by the call filter. |
| Atomic swaps (With other chains) | ✓ | ink! contracts have SHA-256 hashing and the block timestamp, so HTLC contracts can be expressed. |
| 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 (The Zenlink protocol AMM pallet (ZenlinkProtocol) is part of the runtime and callable by users). |
| Cross-chain messaging (Verified by the chain itself) | ✓ | Polkadot XCM (pallet_xcm, XCMP queue, orml_xtokens) is in the runtime, with messages checked through the relay chain. |
| NFTs (Carried by the chain's rules) | ✓ | PSP34 (ERC-721-style) NFT contracts run on Pendulum's ink! contract pallet; there is no NFT pallet. |
| 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) | 0 | $75 traded in 24 hours; #3859 by volume |
| Turnover (volume ÷ market cap, 5% a day: 10) | – | not measured |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | – | not measured |
| Market cap ($1M 0, $10B or more 10) | – | not measured |
| 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 | 2 | average of 3 criteria |
| Age (years since genesis) (Source) | 3 | 3 full years since 2023-03-16, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 1 | 1 positive, 0 negative source |
| Positive | ||
| Shipped a new capability for users in two years, +1 | ✓ | Pendulum release 25 (Mar 2026): native PEN teleports to Polkadot AssetHub. |
| 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+
xx network XX
Splendor SPLD
NeuroWeb NEURO
SwiftCash SWIFTAll 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
0 of a maximum 150,050,252 PEN are in circulation — 0.0% 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 Pendulum
Pendulum is #354 among cryptocurrencies and #5146 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 4792 places between Pendulum'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).