Verge (XVG)
Verge ranks #96 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #593: 497 of the 592 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 600 non-native assets CoinSpectrum lists above it by market cap, about 50% are tokens, 41% are claims on other assets, 8% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | pending — launch under review |
|---|---|
| Rank among cryptocurrencies | #96 |
| Rank counting claims | #593 |
| Market capitalisation | $32M |
| Price | $0.00194 |
| Circulating supply | 16,521,951,235 XVG |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Work |
| Consensus mechanism | MultiAlgo (5 PoW algos: Scrypt/X17/Lyra2REv2/Myr-Groestl/Blake2s) |
| Own hashrate | 4.63 GH/s |
| Network purpose | Private payments |
| Ledger type | Single-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)
Grade pending. Fewer than six of Verge's nine network-security points are measured yet. 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 | 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 | 6.4 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 7.1 | no fixed maximum; 16.5 billion in circulation |
| Distribution | 10 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 10 | 0% of today's supply allocated at launch to founders, a company, a foundation or investors. Launched 2014-10-09 as DogeCoinDark with no genesis allocation in the code (GetBlockSubsidy pays the open schedule from block 1) and no documented ICO, presale or developer instamine. source |
| Fundraising (share sold) (Source) | 10 | No sale of the coin source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. The subsidy code pays the whole block reward to the miner; there is no developer or foundation output. Issuance has also ended (see blockReward). source |
| Decentralisation | 10 | average of 3 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No freeze or clawback power; past 2018 incidents were 51% time-warp attacks, not halts. source |
| No central team (Source) | 10 | No central team: A volunteer community dev team maintains vergecurrency/verge (MIT); no company controls it. On-chain transactions are transparent; Tor/I2P routing is network-level, not ledger privacy. 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 | — | 2.7 of 3 points, 5 not yet measured source |
| 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) | – | its power not yet measured: no reference machine and no miner pay |
| 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 | 6.4 | 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) | 5.3 | a block every 30 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 | 4 MB limit, 80 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) | ✗ | 30 s multi-algorithm PoW blocks with probabilistic confirmation; no protected zero-confirmation. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | – | The Verge README and release notes do not document a pruning mode. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | Bitcoin-derived headers with Merkle roots support SPV payment verification (Bitcoin §8). |
| 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 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) | – | |
| Hidden amounts (Amounts confidential) | 0 | Amounts are public on the UTXO chain. |
| Hidden parties (Sender and receiver hidden) | 0 | Releases mention stealth addresses, but there are no ring signatures or zero-knowledge sender proofs. |
| Network privacy (Origin hidden by default) | 0 | Verge Core's doc/tor.md assumes a separately running Tor proxy set with -proxy; the node does not route its own transactions over Tor without setup. |
| Programmability | 4.4 | 4 of 9 points source |
| Token issuance | 0 | No token issuance on the chain itself |
| Smart contracts (Scripting for spending conditions) | 1 | Bitcoin Core-derived Script (Verge Core rebased on Bitcoin Core), spending conditions only. |
| Multisig and time locks (Without a third party) | ✓ | OP_CHECKMULTISIG plus BIP65 CLTV enforced from the fork height on mainnet (CSV also in the code). |
| Atomic swaps (With other chains) | ✓ | HTLCs expressible with CLTV; XVG is swap-enabled in the Komodo atomic swap coin list. |
| 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) | ✗ | No token or NFT rules in consensus. |
| Demand | 5.6 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 13 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 3.3 | $402,375 traded in 24 hours; #908 by volume on the exchanges the site reads (scored on the median day of the last 30, $467,254) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 6.7 | 1.2% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 7.2 | $47,731 within 2% of the price on 2 exchanges, 0.15% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 3.8 | $32M, 3.8 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 7.4 | futures, options and margin positions 6.6% 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 | 7.3 | average of 3 criteria |
| Age (years since genesis) (Source) | 10 | 12 full years since 2014-10-25, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 2 | 2 positive, 5 negative source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 713 commits in 12 of the last 12 months (github.com/vergecurrency/verge); vergecurrency/verge v26.10.1, 2026-10-22 (v27-beta8 2026-10-25); 16 stable releases in 24 months. |
| Shipped a security fix in two years, +1 | ✓ | Verge Core v26.8, Aug 2026: block/PoW hardening (algorithm-frequency rule enforced at header acceptance, blocks marked checked only after signature verification, strict block decoding); v26.10.1, Oct 2026 restored the six-block reorg limit. |
| 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 Verge v26.10.2. 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 Verge v26.10.2. bitcoincore.org github.com |
| Unfixed vulnerability, disclosed 2024-09-18, −1 | ✗ | CVE-2019-25220: a long low-difficulty header chain can exhaust memory because the node has no headers pre-synchronisation; still in Verge v26.10.2. 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 Verge v26.10.2. 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 Verge v26.10.2. bitcoincore.org github.com |
| 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
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Nervos Network CKBA
Pirate Chain ARRRA
Siacoin SCA
Fractal Bitcoin FBAAll 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
16,521,951,235 XVG are in circulation, against no fixed cap — issuance has no defined end.
Launch and allocation
| Premine (allocated at launch) | 0% of today's supply |
|---|---|
| Sold by the issuer or insiders | 0% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | No sale and no investor round |
Launched 2014-10-09 as DogeCoinDark with no genesis allocation in the code (GetBlockSubsidy pays the open schedule from block 1) and no documented ICO, presale or developer instamine.
No ICO or presale. In early 2018 the team ran a community donation drive that collected about 75M existing XVG for a marketing partnership; that was a donation of already-mined coins, not a sale of new supply.
No sale of supply is documented.
The subsidy code pays the whole block reward to the miner; there is no developer or foundation output. Issuance has also ended (see blockReward).
Emission was heavily front-loaded: 200,000 XVG per block for the first 14,000 blocks (2.8B, about 17% of all supply, in roughly five days), and about 30% of supply within the first 42,000 blocks; it was mined openly, not a documented instamine. The 2018 timewarp exploits minted extra coins to attackers (a record matter, not premine). The original DogeCoinDark BitcoinTalk ANN was not located, so premine 0 rests on the code and secondary sources.
Sources: github.com · github.com · xvg-pool.com · miningpoolstats.stream · en.wikipedia.org. Researched 2026-10-26, medium confidence.
The work behind it
Verge is secured by 4.63 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 Verge
Verge is #96 among cryptocurrencies and #593 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 497 places between Verge'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).