Stacks (STX)
Stacks ranks #34 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #92: 58 of the 91 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 78 non-native assets CoinSpectrum lists above it by market cap, about 55% are claims on other assets, 38% are tokens, 5% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | A · 67/100 · provisional, B to A |
|---|---|
| Rank among cryptocurrencies | #34 |
| Rank counting claims | #92 |
| Market capitalisation | $586M |
| Price | $0.3114 |
| Circulating supply | 1,881,633,565 STX |
| Maximum supply | no fixed cap |
| Consensus family | Other |
| Consensus mechanism | Proof of Transfer (PoX, Bitcoin-anchored) |
| 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 — 67 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 62 to 71 (B to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 6.4 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 6.4 | Other: 6.4 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 6.4 | Other: 6.4 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) | 8 | no fixed maximum; 1.88 billion in circulation |
| Distribution | 5.8 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 3 | 70.3% of today's supply allocated at launch to founders, a company, a foundation or investors. The Stacks genesis block (v1, 2018-2019) created about 1.32B STX (866.8M to pre-launch buyers, investors, founders and employees; 453.2M later distributed to 2019 sale participants), against a current supply of about 1.877B STX (CoinGecko, as supplied). source |
| Fundraising (share sold) (Source) | 5.6 | Sold by its issuer or insiders: 43.9% of supply sold. Sold: 395M STX to buyers in the 2017 accredited (Reg D/SAFT) sale, ~105.5M in the 2019 offering (74,976,266 Reg A+ for ~$15.4M plus 30,560,000 Reg S for ~$7.6M), and ~323M sold at $0.00012 to 24 accredited shareholders of Blockstack PBC (per the Reg A filing; CEO described these as issued to equity investors). 823.5M / 1,877,423,102 STX (CoinGecko, 2026-10-24) = 43.9%; excluding the shareholder tokens it would be 26.7%. Blockstack's 2017 token sale raised about $47M under Reg D (accredited investors only), plus about $5M from VCs. In July 2019 the first SEC-qualified Reg A+ token offering (up to $28M, open to the public, with a parallel Reg S sale) followed. source |
| Developer share (after launch) | 8.7 | Developer share: about 12.8% of today's supply received so far; 69.5% of each new block reward goes to them today. SIP-031 (July 2025) minted two one-off 100M STX tranches to the Stacks Endowment and sends it 1,140 STX per tenure against the miners' 500 (69.5% of new issuance): ≈200M + ~40M of ~1.877B STX ≈ 12.8% of supply. source |
| Decentralisation | 5.7 | average of 3 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No protocol key can freeze STX; the signer set can stall blocks but not seize funds. source |
| No central team (Source) | 0 | A central team directs it: stacks-core is developed mainly by Stacks Labs and the Stacks Foundation, in the stacks-network repository. source |
| 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 | 7.5 | 6 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 10 | largest 18.1%, largest three 47.5% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 6 | about 23,067 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 | 6.7 | average of 3 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00005 |
| 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) | 10 | a block every 10 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) | – | not yet measured |
| Features (3 checks) | 0 | 0 of 2 passed, 1 not yet researched |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✗ | Signer-approved Nakamoto blocks arrive in seconds but can still be invalidated by a Bitcoin reorg (82 blocks in May 2025); full settlement follows Bitcoin confirmations. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | – | No documented pruning mode found for stacks-core. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | No light-client protocol; wallets trust Stacks API servers. |
| 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 | 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) | 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 | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | 0 | No sender or receiver hiding. |
| Network privacy (Origin hidden by default) | 0 | stacks-core relays transactions directly. |
| Programmability | 8.9 | 8 of 9 points source |
| Token issuance (At protocol level) | 2 | SIP-010 fungible tokens as Clarity smart contracts, open to any account. |
| Smart contracts (General-purpose) | 2 | Clarity smart contracts, which can read Bitcoin state, running DEXs and lending on mainnet. |
| Multisig and time locks (Without a third party) | ✓ | Native multisig spending conditions in transaction auth (SIP-005) plus block-height conditions in Clarity. |
| Atomic swaps (With other chains) | ✓ | Clarity can verify Bitcoin transactions trustlessly and check hashes and heights, so HTLCs and BTC-triggered releases are expressible. |
| 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 (Stacks, DefiLlama). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | sBTC's peg is held by 15 community-chosen signers separate from the Stacks Nakamoto signers. |
| NFTs (Carried by the chain's rules) | ✓ | Built-in non-fungible token functions in Clarity and the SIP-009 NFT trait (ratified 2020). |
| Demand | 6.8 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 35 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 6.3 | $7,771,027 traded in 24 hours; #100 by volume on the exchanges the site reads (scored on the median day of the last 30, $13,953,818) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 8 | 2.1% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 7.1 | $778,829 within 2% of the price on 9 exchanges, 0.13% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 6.9 | $586M, 6.9 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 8 | futures, options and margin positions 4.2% 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 | 8.7 | average of 3 criteria |
| Age (years since genesis) (Source) | 9 | 9 full years since 2017-11-10, 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, 1 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 2,869 commits in 12 of the last 12 months (github.com/stacks-network/stacks-core); stacks-core 4.0.5, 13 Oct 2026; 68 stable releases in the last 24 months. |
| Shipped a security fix in two years, +1 | ✓ | stacks-core 3.2.0.0.2, 2025: critical security fix. |
| Shipped a new capability for users in two years, +1 | ✓ | Epoch 3.3, late 2025: Clarity 4 (contract-hash?, block-time and others); Clarity 5 in Apr 2026. |
| Not yet researched | ||
| Shipped a scaling upgrade in two years | – | |
| Conduct (origin, claims, halts) | 9 | 2 positive, 5 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, 2024-06-14 | ✗ | Block production stalled for about nine hours after a Bitcoin reorg and unexpected miner behaviour. decrypt.co |
| Halt, freeze or reversal, 2025-01-06 | ✗ | No blocks for over four hours from 07:15 UTC, attributed to a signer-related delay. cryptoslate.com |
| Halt, freeze or reversal, 2025-05-19 | ✗ | No valid blocks for 4h59m: a Bitcoin reorg invalidated 82 Stacks blocks and miners could not reach the 70% signer threshold. forum.stacks.org |
| Halt, freeze or reversal, 2025-05-23 | ✗ | Stall of 7h41m: oversized mempool transactions triggered a P2P packet-size bug plus a node communication bug. forum.stacks.org |
| Halt, freeze or reversal, 2025-07-08 | ✗ | Block gap from 17:07 to 22:16 UTC after a stacks-core bug surfaced during a Bitcoin reorg and two large signers stopped signing. forum.stacks.org |
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.
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Ethereum Classic ETCAAll Proof of Work chains →Supply
1,881,633,565 STX are in circulation, against no fixed cap — issuance has no defined end.
Launch and allocation
| Premine (allocated at launch) | 70.3% of today's supply |
|---|---|
| Sold by the issuer or insiders | 43.9% of today's supply |
| Developer share received since launch | 12.8% of today's supply |
| Developer share of new coins today | 69.5% |
| Fundraising | Private or venture funding |
The Stacks genesis block (v1, 2018-2019) created about 1.32B STX (866.8M to pre-launch buyers, investors, founders and employees; 453.2M later distributed to 2019 sale participants), against a current supply of about 1.877B STX (CoinGecko, as supplied).
Blockstack's 2017 token sale raised about $47M under Reg D (accredited investors only), plus about $5M from VCs. In July 2019 the first SEC-qualified Reg A+ token offering (up to $28M, open to the public, with a parallel Reg S sale) followed.
Sold: 395M STX to buyers in the 2017 accredited (Reg D/SAFT) sale, ~105.5M in the 2019 offering (74,976,266 Reg A+ for ~$15.4M plus 30,560,000 Reg S for ~$7.6M), and ~323M sold at $0.00012 to 24 accredited shareholders of Blockstack PBC (per the Reg A filing; CEO described these as issued to equity investors). 823.5M / 1,877,423,102 STX (CoinGecko, 2026-10-24) = 43.9%; excluding the shareholder tokens it would be 26.7%.
SIP-031 (July 2025) minted two one-off 100M STX tranches to the Stacks Endowment and sends it 1,140 STX per tenure against the miners' 500 (69.5% of new issuance): ≈200M + ~40M of ~1.877B STX ≈ 12.8% of supply.
Sources: sec.gov · theblock.co · theblock.co · blog.blockstack.org · github.com · github.com. Researched 2026-10-24, medium 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 Stacks
Stacks is #34 among cryptocurrencies and #92 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 58 places between Stacks'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).