Ravencoin (RVN)
Ravencoin ranks #115 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #795: 680 of the 794 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 809 non-native assets CoinSpectrum lists above it by market cap, about 54% are tokens, 37% are claims on other assets, 9% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | A+ · 78/100 · provisional, A to A+ |
|---|---|
| Rank among cryptocurrencies | #115 |
| Rank counting claims | #795 |
| Market capitalisation | $20M |
| Price | $0.00123 |
| Circulating supply | 16,558,419,825 RVN |
| Maximum supply | 21,000,000,000 RVN |
| Consensus family | Proof of Work |
| Consensus mechanism | KAWPOW |
| Own hashrate | 506 GH/s |
| Ledger type | Multi-asset ledger |
| Launch distribution | No premine |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A+ — 78 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 74 to 78 (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 | 7.3 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 7 | fixed maximum supply of 21 billion |
| Distribution | 10 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 10 | Fair launch: no premine |
| Fundraising (share sold) (Source) | 10 | No sale of the coin |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners who produce blocks |
| Decentralisation | 9.2 | average of 4 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No party can freeze RVN; restricted-asset freezes apply only to tokens their issuers create. source |
| No central team (Source) | 10 | No central team: Volunteer community developers maintain RavenProject/Ravencoin (MIT); the Ravencoin Foundation supports but does not control it. source |
| Who can mint (Source) | 10 | Open to anyone with hardware: anyone can produce blocks by mining, no permission needed |
| Nodes (Source) | 6.8 | 110 reachable nodes (distinct IP addresses at the chain's tip, crawled by CoinSpectrum on 2026-11-08; clearnet only) |
| Security | 6.6 | 5.3 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 4.2 | largest 45%, largest three 63% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 4.8 | about 9,500 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 7.5 | own work 5; about 3.5 MW, 2.5 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 Aug 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 7 | 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) | 5.3 | about 147 simple transactions a second |
| Block time (10 minutes 10, less either side) | 6.4 | a block every 1 minute |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 9.7 | 2 MB limit, 20 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✗ | One-minute KAWPOW blocks with probabilistic confirmation; no double-spend proofs or instant locks. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Inherits Bitcoin Core's -prune block-file pruning (Bitcoin Core 0.11+). |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | Bitcoin-format headers with Merkle roots support SPV verification (Bitcoin §8). |
| Privacy | 7 | 7 of 10: whitepaper privacy 7 of 7, extra features 0 of 3 source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Anyone can generate keys and receive and send coins; the consensus rules carry 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) | 10 | BIP32 extended public key (xpub): a watch-only wallet derives each new receiving address without the private key |
| Hidden amounts (Amounts confidential) | 0 | Amounts and asset quantities are public. |
| Hidden parties (Sender and receiver hidden) | 0 | Addresses are public. |
| Network privacy (Origin hidden by default) | 0 | Bitcoin-derived node; Tor only if the user configures a proxy; no Dandelion. |
| Programmability | 7.8 | 7 of 9 points source |
| Token issuance (At protocol level) | 2 | Native assets in consensus since the November 2018 activation; anyone can issue one by burning 500 RVN. |
| Smart contracts (Scripting for spending conditions) | 1 | Bitcoin-derived Script with asset opcodes; spending conditions only. |
| Multisig and time locks (Without a third party) | ✓ | OP_CHECKMULTISIG plus BIP65 CLTV (nBIP65Enabled true on mainnet). |
| Atomic swaps (With other chains) | ✓ | HTLCs expressible with CLTV (RVN is swap-enabled in the Komodo coin list), and RIP-15 half-signed swaps for on-chain asset trades. |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: Komodo DeFi. |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No cross-chain feature in the protocol. |
| NFTs (Carried by the chain's rules) | ✓ | Unique assets (NAME#tag, supply of exactly one) in consensus since the November 2018 asset activation. |
| Demand | 7.4 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 10 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 4.2 | $654,113 traded in 24 hours; #576 by volume on the exchanges the site reads (scored on the median day of the last 30, $1,221,903) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.9 | 5.2% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 9 | $104,033 within 2% of the price on 5 exchanges, 0.51% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 3.3 | $20M, 3.3 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 5.1 | futures, options and margin positions 24% of its market cap |
| Wallet support (wallets that hold it, 10 or more: 10) | 10 | 13 wallets in the site's wallet directory |
| Record | 5.7 | average of 3 criteria |
| Age (years since genesis) (Source) | 8 | 8 full years since 2018-03-10, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 0 | 3 positive, 5 negative source |
| Positive | ||
| Steady work, 2 of 6 | ✓ | 6 commits in 1 of the last 12 months (github.com/RavenProject/Ravencoin); RavenProject/Ravencoin v4.8.0, 2026-08-19; only 2 releases in 24 months. |
| Shipped a security fix in two years, +1 | ✓ | Ravencoin v4.8.0, Aug 2026: fixed an asset-transfer quantity overflow and a mining bug exploited on mainnet on 7 Aug 2026. |
| Exploit of the chain, 2026-08-07, flaw fixed (the security fix above) | ✓ | An attacker used a gap in KAWPOW block-header validation to have blocks accepted without real proof of work from height 4,487,776; pools rebuilt the chain from block 4,487,775 (about a three-day reorg) and Ravencoin v4.8.0 fixed the bug. crypto.news github.com github.com |
| Negative | ||
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2024-52914: crafted orphan transactions can stall the node for hours in the uninterruptible orphan-resolution loop; still in Ravencoin v4.8.0. bitcoincore.org github.com |
| Unfixed vulnerability, disclosed 2024-07-03, −1 | ✗ | CVE-2020-14198: misbehaving peers are auto-banned into an unbounded ban list, so many attacker addresses can exhaust CPU and memory; still in Ravencoin v4.8.0. bitcoincore.org github.com |
| Unfixed vulnerability, disclosed 2024-07-31, −1 | ✗ | CVE-2024-52919: addr-message spam can overflow the address manager's 32-bit id counter and crash the node, with no addr rate limit; still in Ravencoin v4.8.0. bitcoincore.org github.com |
| Unfixed vulnerability, disclosed 2024-10-08, −1 | ✗ | CVE-2024-35202: a crafted blocktxn message trips the assert in compact-block reconstruction and crashes the node; still in Ravencoin v4.8.0. bitcoincore.org github.com github.com |
| Unfixed vulnerability, disclosed 2026-05-05, −1 | ✗ | CVE-2024-52911: a crafted invalid block can make script-check threads read freed precomputed transaction data and crash the node; still in Ravencoin v4.8.0. bitcoincore.org github.com |
| Conduct (origin, claims, halts) | 9 | 2 positive, 1 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, 2026-08-07 | ✗ | A KAWPOW header-validation bug let blocks be mined without the full proof of work; the majority pools rebuilt the chain from block 4,487,775 with a checkpointed patch (later Ravencoin Core 4.8.0), leaving about three days without canonical blocks and reorganising away the blocks mined meanwhile. crypto.news github.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 Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Fractal Bitcoin FBA
EthereumPoW ETHWA
Quantus QTCB
Namecoin NMCAAll Proof of Work chains →Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
TRON TRXA
Hyperliquid HYPEB
Cardano ADAA
NEAR Protocol NEARAAll Proof of Stake chains →Supply
16,558,419,825 of a maximum 21,000,000,000 RVN are in circulation — 78.8% of the total that will ever exist.
How it was launched
No premine. No premine, no founder allocation, no public sale — the chain started empty and every coin was earned through mining or validating.
The work behind it
Ravencoin is secured by 506 GH/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 Ravencoin
Ravencoin is #115 among cryptocurrencies and #795 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 680 places between Ravencoin'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).