SR040: Twelfth CryptoSuper500 List – Report

Our first CryptoSuper500 report was five and a half years ago, in November 2018. While there are over 20,000 “cryptocurrencies” that have been created in the interval, only 52 of these coins including stable coins tied to fiat have valuations above $2 billion. Most projects have been abandoned or are worth little; most were essentially get-rich quick schemes for their initiators. Only a small number of coins have used proof of work consensus algorithms; the ones that do not are more properly considered tokens.