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XELIS (XEL)

XEL price chart

XELIS ranks #225 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #1753: 1528 of the 1752 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 2032 non-native assets CoinSpectrum lists above it by market cap, about 61% are tokens, 33% are claims on other assets, 5% are memecoins and 1% are NFT collections.

CoinSpectrum Grade	A · 71/100 · provisional
Rank among cryptocurrencies	#225
Rank counting claims	#1753
Market capitalisation	$1M
Price	$0.2118
Circulating supply	6,310,069 XEL
Maximum supply	18,400,000 XEL
Consensus family	Proof of Work
Consensus mechanism	XelisHash-v3 (BlockDAG)
Own hashrate	42 MH/s
Network purpose	Private payments
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 — 71 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 64 to 73 (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	9.9	fixed maximum supply of 18.4 million
Distribution	9.7	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. No genesis allocation, coin sale or later discretionary mint: every XEL is mined. The protocol dev fee (10%, then 5% of each block) is a block-reward cut and is now scored as such. source
Fundraising (share sold) (Source)	10	No sale of the coin source
Developer share (after launch)	9.2	Developer share: about 8.4% of today's supply received so far; 5% of each new block reward goes to them today. A dev fee is taken from every block reward (config.rs DEV_FEES): 10% from genesis (Dec 2023) to height 3,250,000, then 5%. Supply at height 3,250,000 was 4,251,278 XEL, so 425,128 XEL went to dev fees then, plus 5% of the 1,963,056 emitted since (98,153). Total ~523,281 of 6,214,334 emitted = 8.4%. source
Decentralisation	6.7	average of 3 parts
Governance (Source)	10	No authority can halt the chain or freeze funds: No protocol-level party can freeze, blacklist or claw back XEL. source
No central team (Source)	0	A central team directs it: The only node is developed in the xelis-project/xelis-blockchain repository by the XELIS core team led by its founder (Slixe), which ships the hard forks. 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	4.4	3.5 of 8 points source
Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points)	0	largest 53.4%, largest three 96.9%
Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points)	0.4	about 331 transactions a day
Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point)	7.2	own work 5; about 1.1 MW, 2.2 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	6.3	average of 5 parts source
Fees ($0.001 or less 10, $1 or more 0)	10	typical fee $0.00011
Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5)	5.6	about 175 simple transactions a second
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)	10	1.31 MB limit, 157 MB per 10 minutes
Features (3 checks)	3.3	1 of 3 passed
Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11)	✗	5-second BlockDAG blocks, but confirmation is probabilistic (the node's stable height trails the tip by about 24 blocks), with no instant locks or double-spend proofs.
Pruned nodes (Old history dropped, every rule checked · Whitepaper §7)	✓	xelis_daemon can prune old blocks (auto_prune_keep_n_blocks, PRUNE_SAFETY_LIMIT 80 in config.rs).
Light clients (Payments verified from headers · Whitepaper §8)	✗	Wallets trust a daemon over RPC; no proof-based light client.
Privacy	5.2	5.2 of 10: whitepaper privacy 3.5 of 7, extra features 1.7 of 3, 1 not yet researched source
Protocol level privacy (Keys not tied to an identity · Whitepaper §10)	10	Accounts are created from keys users generate themselves; transfers are validated by signature, with no identity condition in the protocol.
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)	10	Balances and transfer amounts are encrypted homomorphically (twisted ElGamal with ZK proofs) since mainnet (Aug 2024).
Hidden parties (Sender and receiver hidden)	0	Sender and receiver addresses are public; no ring signatures or stealth addresses.
Network privacy (Origin hidden by default)	0	XELIS daemon propagates transactions directly; no Dandelion or Tor.
Programmability	7.8	7 of 9 points source
Token issuance (At protocol level)	2	Smart contracts, activated by the December 2025 hard fork at height 3,282,150, can be deployed by any account and create native XELIS assets.
Smart contracts (General-purpose)	2	Smart contracts on xelis-vm, activated by the hard fork at height 3,282,150 (December 2025), deployable by any account.
Multisig and time locks (Without a third party)	✓	Native multisig (threshold of participants) since the hard fork at height 1,376,000; time locks need a contract that checks the chain height or time.
Atomic swaps (With other chains)	✓	Contracts can express hash-locked, time-locked escrow; medium confidence, as no HTLC contract on mainnet was found.
Native DEX (Trades the coin itself, not a claim)	✗	No DEX found trading the coin itself: none on its own chain (DefiLlama), and not on THORChain, Maya, Chainflip, Komodo DeFi, BasicSwap, Bisq or Haveno (checked 2026-11-04).
Cross-chain messaging (Verified by the chain itself)	✗	No cross-chain feature in the protocol.
NFTs (Carried by the chain's rules)	✓	Contracts can create native XELIS assets, including single-unit ones, handled by every wallet like XEL.
Demand	3.6	average of 7 measures
Exchanges (10 or more: 10)	2	2 exchanges
Daily volume ($10K 0, $1B or more 10)	0.4	$11,020 traded in 24 hours; #2459 by volume on the exchanges the site reads (scored on the median day of the last 30, $15,687)
Turnover (volume ÷ market cap, 5% a day: 10)	6	0.89% of its market cap a day, median of the last 30 days
Order-book depth (±2% of the price ÷ market cap, 1%: 10)	5.4	$575 within 2% of the price on 1 exchange, 0.04% of its market cap, median of the last 15 days
Market cap ($1M 0, $10B or more 10)	0.3	$1.3M, 0.3 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)	2	2 full years since 2024-05-08, the first day with a recorded price (genesis not yet researched, so the age can only be understated).
Development (work, fixes, vulnerabilities)	9	4 positive, 0 negative source
Positive
Steady work, 6 of 6	✓	1,140 commits in 12 of the last 12 months (github.com/xelis-project/xelis-blockchain); xelis-blockchain v1.25.0, 26 Aug 2026; at least ten releases since Dec 2025 (v1.21.0 to v1.25.0).
Shipped a security fix in two years, +1	✓	XELIS v1.21.3, Feb 2026: protection against stack-overflow attacks on deserialized data; v1.22.2, Jun 2026: mempool memory-exhaustion limits.
Shipped a scaling upgrade in two years, +1	✓	XELIS v1.19 hard fork, Dec 2025: block time cut from 15 s to 5 s with the same block size.
Shipped a new capability for users in two years, +1	✓	XELIS v1.19 hard fork, Dec 2025: smart contracts enabled; v1.22.0, May 2026: Blob transaction type.
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

Proof of Stake coins

Supply

6,310,069 of a maximum 18,400,000 XEL are in circulation — 34.3% of the total that will ever exist.

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	8.4% of today's supply
Developer share of new coins today	5%
Fundraising	No sale and no investor round

No genesis allocation, coin sale or later discretionary mint: every XEL is mined. The protocol dev fee (10%, then 5% of each block) is a block-reward cut and is now scored as such.

Fair launch with no sale or venture round; development is funded by the dev fee.

A dev fee is taken from every block reward (config.rs DEV_FEES): 10% from genesis (Dec 2023) to height 3,250,000, then 5%. Supply at height 3,250,000 was 4,251,278 XEL, so 425,128 XEL went to dev fees then, plus 5% of the 1,963,056 emitted since (98,153). Total ~523,281 of 6,214,334 emitted = 8.4%.

The code says the originally planned schedule (15%, 10%, then 5%) was replaced, because of a bug, by a flat 10%. Side-block rewards carry the same dev share. About 241 XEL has been burned (node burned_supply).

Sources: github.com · node.xelis.io · coingecko.com. Researched 2026-10-24, high confidence.

The work behind it

XELIS is secured by 42 MH/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 XELIS

XELIS is #225 among cryptocurrencies and #1753 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 1528 places between XELIS'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).