Radix (XRD)
Radix ranks #174 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1249: 1075 of the 1248 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 1501 non-native assets CoinSpectrum lists above it by market cap, about 60% are tokens, 32% are claims on other assets, 7% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | B · 62/100 · provisional, B to A |
|---|---|
| Rank among cryptocurrencies | #174 |
| Rank counting claims | #1249 |
| Market capitalisation | $4M |
| Price | $0.000309 |
| Circulating supply | 13,571,176,553 XRD |
| Maximum supply | 24,000,000,000 XRD |
| Consensus family | Proof of Stake |
| Consensus mechanism | Cerberus (sharded BFT) |
| 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)
B — 62 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 58 to 65 (B to A).
| 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 | 7.2 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 6.9 | fixed maximum supply of 24 billion |
| Distribution | 6.2 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 1.2 | 88.5% of today's supply allocated at launch to founders, a company, a foundation or investors. The July 2021 genesis allocated 12B XRD: Radix Community (early BTC contributors 2013-17) 3,000M, Founder Retention (RDX Works) 2,400M, Stable Coin Reserve 2,400M (locked), Radix Tokens Jersey 2,158M, Oct 2020 token sale 642M, Developer Incentives 600M, Network Subsidy 600M, Liquidity Incentives 200M. Against ~13.56B current supply, that is ~88.5%. source |
| Fundraising (share sold) (Source) | 7.3 | Sold by its issuer or insiders: 26.9% of supply sold. October 2020 public token sale: 642M at $0.039 (~$25M). 3,000M went to early community members who contributed ~3,000 BTC to Dan Hughes in 2013-17, treated as a sale. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. No cut. Network emissions (about 300M XRD a year, minted from the 24B cap) go entirely to validators and their stakers by epoch; developer and liquidity incentives were genesis allocations. source |
| Decentralisation | 2.9 | average of 4 parts |
| Governance (Source) | 0 | An authority can halt the chain or freeze funds: On 2026-08-31 validators, coordinating with the Foundation in an emergency call, deliberately broke liveness to stop all transactions for about 11 days, and Radix says it is formalising this emergency procedure; no per-account freeze or clawback exists. source |
| No central team (Source) | 0 | A central team directs it: The only node, radixdlt/babylon-node (Java + Rust Radix Engine), is developed by RDX Works for the Radix Foundation, which ships every protocol update; it is published under the Radix License 1.0, an Apache-2.0-style permissive licence that is not OSI-approved. source |
| Who can mint (Source) | 5 | Gated by stake rank: only a capped set of the largest stakes produces blocks |
| Nodes (Source) | 6.7 | 100 active validators or block producers (source: Validators) |
| Security | 6.5 | 5.2 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 10 | largest 6.74%, largest three 18.99% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 1.8 | about 1,005 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 Oct 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 5.8 | average of 3 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00012 |
| 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) | 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) | – | not yet measured |
| 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) | ✓ | HotStuff-derived BFT with deterministic finality and rounds of about 0.2 s (109 rounds in 23 s on the Gateway, 2026-10-26), so commits are final within seconds. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | – | Whether babylon-node can drop old ledger history was not established. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | No light-client protocol; wallets use the Gateway API. |
| 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 virtual addresses derived from user-generated keys, with no identity check. |
| 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 | Vault balances and transfers are public. |
| Hidden parties (Sender and receiver hidden) | 0 | Sender and receiver accounts are public. |
| Network privacy (Origin hidden by default) | 0 | babylon-node gossips transactions directly; no Dandelion or Tor. |
| Programmability | 8.9 | 8 of 9 points source |
| Token issuance (At protocol level) | 2 | Native resources: any account can create fungible and non-fungible tokens with the resource manager or Scrypto blueprints, since the Babylon mainnet (September 2023). |
| Smart contracts (General-purpose) | 2 | Scrypto blueprints and components on the Radix Engine, open to any account since the Babylon mainnet (September 2023). |
| Multisig and time locks (Without a third party) | ✓ | Access rules express n-of-m signing (require_n_of) natively, and Scrypto components can read second-precision network time (since Scrypto v1.1.0) to gate withdrawals. |
| Atomic swaps (With other chains) | ✓ | Scrypto can express hash-locked, time-locked escrow components. |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: its own chain's DEXes (Radix, DefiLlama). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol-level cross-chain messaging; bridges are third-party services. |
| NFTs (Carried by the chain's rules) | ✓ | NonFungible resources are native to the Radix Engine. |
| Demand | 4.7 | average of 7 measures |
| Exchanges (10 or more: 10) | 3 | 3 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 2.1 | $83,429 traded in 24 hours; #1506 by volume on the exchanges the site reads (scored on the median day of the last 30, $111,219) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.7 | 4.4% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 5.2 | $1,505 within 2% of the price on 3 exchanges, 0.04% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 1.6 | $4.2M, 1.6 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 | 7 | average of 3 criteria |
| Age (years since genesis) (Source) | 5 | 5 full years since 2021-08-23, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 7 | 2 positive, 0 negative, 1 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 43 commits in 5 of the last 12 months (github.com/radixdlt/babylon-node); Reference node radixdlt/babylon-node: Eagle Ray v1.4.0.0 released 2026-09-10 (the post-exploit protocol update), after Cuttlefish v1.3.0.5 on 2026-06-01; Gateway v1.10.7 in service on 2026-10-26. |
| Shipped a new capability for users in two years, +1 | ✓ | Cuttlefish protocol update (node v1.3.0), enacted Dec 2024: subintents and NotarizedTransactionV2 for pre-authorised transactions, CryptoUtilsV2. |
| Not yet researched | ||
| Exploit of the chain, 2026-08-31, fix not yet recorded | – | An attacker used a Radix Engine vault-authorisation bug (from a June 2023 refactor) to withdraw about $1.26M from other users' vaults in 26 transactions; validators halted the network until user transactions resumed on 11 Sep 2026. radixdlt.com cryptoslate.com |
| Conduct (origin, claims, halts) | 9 | 2 positive, 2 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| Negative record | ||
| Halt, freeze or reversal, 2023-12-03 | ✗ | Consensus halted for about 11.5 hours (22:26 UTC to 09:45 UTC on 4 December) when a node bug deleted part of the execution state store at the end of epoch 51816; liveness returned once validators holding over 66% of stake ran the patched v1.0.5. radixdlt.com |
| Halt, freeze or reversal, 2026-08-31 | ✗ | After a Radix Engine vault-authorisation bug let an attacker withdraw about $1.26M from other users' vaults (26 transactions, 16:02-16:57 UTC), validators deliberately took enough stake offline at about 20:30 UTC to stop consensus; the network stayed halted until about 11 September 2026 and restarted from the state at which liveness was lost, with the fix shipped as a coordinated protocol update (node v1.4.0.0 'Eagle Ray', 2026-09-10). The Foundation also paused the Hyperlane Ethereum route by multisig. radixdlt.com cryptoslate.com github.com |
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+
CONX XPLA
Klever Coin KLVB
MEVerse MEV
Nimiq NIMAAll 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
13,571,176,553 of a maximum 24,000,000,000 XRD are in circulation — 56.5% of the total that will ever exist.
Launch and allocation
| Premine (allocated at launch) | 88.5% of today's supply |
|---|---|
| Sold by the issuer or insiders | 26.9% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Nodes or validators | 100 |
| Fundraising | Public sale |
The July 2021 genesis allocated 12B XRD: Radix Community (early BTC contributors 2013-17) 3,000M, Founder Retention (RDX Works) 2,400M, Stable Coin Reserve 2,400M (locked), Radix Tokens Jersey 2,158M, Oct 2020 token sale 642M, Developer Incentives 600M, Network Subsidy 600M, Liquidity Incentives 200M. Against ~13.56B current supply, that is ~88.5%.
October 2020 public token sale: 642M at $0.039 (~$25M). 3,000M went to early community members who contributed ~3,000 BTC to Dan Hughes in 2013-17, treated as a sale.
No cut. Network emissions (about 300M XRD a year, minted from the 24B cap) go entirely to validators and their stakers by epoch; developer and liquidity incentives were genesis allocations.
If the 2.4B Stable Coin Reserve is destroyed unused at its 10-year review, preminePct falls. RDX Works' sales of its retention tokens are not disclosed and are not counted in soldPct.
Sources: learn.radixdlt.com · radixdlt.com · radixdlt.com · radixdlt.com. Researched 2026-10-26, high confidence.
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 Radix
Radix is #174 among cryptocurrencies and #1249 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 1075 places between Radix'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).