Cypherium
CPH
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Cypherium (CPH) is an enterprise-oriented Layer-1 smart contract platform utilizing a hybrid PoW + HotStuff BFT consensus. While the project announced a Mainnet 2.0 upgrade in late 2025 and has notable historical backing from investors like Pantera Capital, it exhibits significant fundamental and structural weaknesses across several areas. Development activity is sporadic and low-velocity, with dependencies on older toolchains. Tokenomics are opaque, marked by conflicting supply metrics, lack of clear vesting schedules, and severe dilution risk (FDV of ~$28.5M against a micro-cap of ~$1.3M with only ~4.5% circulating). Market metrics reflect negligible daily trading volume ($53K) and an unrecovered ~98% drawdown from all-time highs. Furthermore, Cypherium relies on a single audit from 2021 with no recent audits, bug bounties, or insurance coverage. A data gap was identified in Community Support (scored -1.0 due to a lack of verifiable community data in retrieved sources), and its weight was proportionally redistributed across the remaining categories. No qualifying red-flag exploit or fraud was established.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Cypherium (CPH)
Cypherium (CPH) is a Layer-1 smart contract platform that utilizes a hybrid consensus model combining Proof of Work (PoW) with HotStuff Byzantine Fault Tolerance (BFT), termed CypherBFT. The project was founded by Sky Guo alongside CTO Solomon Zhang and secured $31.5 million in funding from investors including Pantera Capital and Qtum. The CPH token serves as the native gas asset for network transactions and has also operated as an ERC-20 token. In November 2025, the project announced a Mainnet 2.0 upgrade featuring a transition to an Ethereum- and Solidity-compatible architecture.
The project's security and development profile reflects sporadic, low-velocity code updates and limited audit verification. Cypherium's primary public security assessment was conducted in September 2021 by Knownsec Blockchain Lab, which reviewed core blockchain layers with no security risks reported at that time. However, no subsequent independent audits have been documented, and the project lacks active bug bounty or insurance programs. Additionally, Cypherium does not feature a documented decentralized autonomous organization (DAO) or formalized on-chain governance structure.
Cypherium exhibits significant economic and market risks, including inconsistent supply disclosures across documentation—ranging between 130 million, 2 billion, and a maximum cap of 8.4 billion tokens—with missing vesting schedules. With an estimated circulating supply of roughly 4.5% against its maximum supply, the token faces substantial dilution risk. Market performance has seen an unrecovered price crash of approximately 98% from its March 2023 all-time high of $0.1494 down to approximately $0.003, alongside constrained trading liquidity averaging roughly $53,000 per day.