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Ethereum

ETH

UNCALIBRATED — awaiting v4 re-assessment

Monetary Fitness
5.86
/ 10
System Soundness
6.56
/ 10

Layer A — Monetary Fitness 5.86

A1Acceptability & Liquidity
9/10
Assessed 2026-09-14 · Tier 2 evidence · source ↗
Evidence: Active Addresses ↗ Total Transactions ↗ Exchange Supply ↗ NVT Ratio ↗
A2Value Stability
5/10
Assessed 2026-09-14 · Tier 2 evidence · source ↗
Evidence: MVRV Ratio ↗ NUPL ↗ BTC vs S&P 500 ↗
A3Usability & Safety
4/10
Assessed 2026-09-14 · Tier 1 evidence · source ↗
A4Portability & Divisibility
5/10
Assessed 2026-09-14 · Tier 2 evidence · source ↗
A5Fungibility
4/10
Assessed 2026-09-14 · Tier 2 evidence · source ↗
Evidence: Daily Fee ↗
A6Recognizability
7/10
Assessed 2026-09-14 · Tier 1 evidence · source ↗
A7Cost Efficiency & Capacity
7/10
Assessed 2026-09-14 · Tier 2 evidence · source ↗

Layer B — System Soundness 6.56

B1Supply Integrity
8/10
Assessed 2026-09-14 · Tier 2 evidence · source ↗
Evidence: Active Addresses ↗ New Addresses ↗ Non-Zero Balance Addresses ↗
B2Settlement Assurance
UNCALIBRATED 8/10
B3Resilience, Liveness & Capacity
7/10
Assessed 2026-09-14 · Tier 3 evidence · source ↗
B4No Single Point of Control
4/10
Assessed 2026-09-14 · Tier 3 evidence · source ↗
B5Rule Auditability
8/10
Assessed 2026-09-14 · Tier 1 evidence · source ↗
B6Forward Security Margin
UNCALIBRATED 4/10
Evidence: Miners / Stakers Revenue ↗
B7No Invisible Rent
4/10
Assessed 2026-09-14 · Tier 2 evidence · source ↗
Evidence: Total DeFi Users ↗ TVL — Total Value Locked ↗
B8Capture-Resistant Rule-Change
7/10
Assessed 2026-09-14 · Tier 1 evidence · source ↗
B9Resource Proportionality
UNCALIBRATED 9/10
B10Claim Enforceability
N/A

Layer C — Disclosures

Disclosed without scoring. These axes describe design choices, not quality.

Privacy Posture Transparent
Identity Model Pseudonymous
Issuance Ethic Rule-bound elastic
Consensus Cost Proof-of-Stake
Governance Model Off-chain / foundation
Autonomy Accountability Moderate autonomy
Jurisdictional Posture No issuing entity and no jurisdiction of issue: there is no party on whom process can be served to freeze, reverse or reissue a holder balance. Real exposure runs to the holder's own custodian, exchange or fiat ramp, not to an issuer.
Catastrophic Failure Modes Irrecoverable key loss. Consensus-client monoculture bug causing finality failure or a chain split. Correlated mass slashing of the validator set. Quantum key recovery (B6 = 4). Holders of tokens ON Ethereum additionally inherit every failure mode of those tokens' issuers.
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