Methodology
Every score is built from five weighted criteria
A review takes two to three weeks. We publish the weights so you can disagree with the conclusion and still use the underlying numbers.
Technology
Does the code do what the marketing says, under real load? We read the repos, the audits and the incident history, not the pitch deck.
Team & Governance
Who can change the rules, and how fast? Multisig thresholds, timelocks, voting participation and the team's public track record.
Tokenomics
Emissions against real revenue, unlock schedules, holder concentration and whether the token captures any of the value it creates.
Ecosystem
Unincentivized usage, integrations that survived the end of a grant, and developer retention over quarters rather than weeks.
Liquidity
Depth on exits, spread stability during volatility, and how much of the book depends on a handful of market makers.
Verdict bands
4.3 – 5.0
Strong Buy
3.5 – 4.2
Promising
3.0 – 3.4
Neutral
Below 3.0
High Risk
Conflicts of interest
We take no payment for coverage, placement or scoring. Analysts disclose any personal position in a reviewed asset at the top of the piece, and cannot trade a covered asset in the 72 hours around publication.