Cartesi
CTSI
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Cartesi (CTSI) presents a bifurcated profile characterized by solid technical execution and a long-standing, doxxed team contrasted against weak market performance and adoption metrics. On the development front, Cartesi scores strongly (8.0/10) with continuous roadmap execution, active repositories, and recent technical milestones such as the Machine Emulator v0.20.0 with zero-knowledge capabilities. The core team has maintained multi-year operations with no history of exploits, security breaches, or regulatory actions (7.0/10). However, governance remains largely permissioned with centralized execution, and tokenomics (5.5/10) reflect foundation reserve concentration alongside partially unimplemented utility pillars. Market adoption and traction are weak (5.5/10), with a depressed market cap of approximately $24.2M, representing a ~98.5% drawdown from its all-time high, accompanied by thin trading volumes. Security and audit history (4.5/10) reflects the absence of verifiable recent third-party audit reports and the unrecovered price crash, though no security exploits, malicious code, or delistings have occurred. Because no qualifying red-flag event was affirmatively established, the overall score follows the exact weighted average across all six fully evaluated sections.
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 Cartesi (CTSI)
Cartesi (CTSI) is a layer-2 scaling infrastructure protocol designed to support decentralized applications (dApps) through optimistic rollups and a Linux-based off-chain computing environment known as the Cartesi Machine. This architecture enables developers to build smart contract logic using standard mainstream software stacks and programming libraries rather than relying solely on blockchain-native virtual machines. CTSI functions as the utility and governance token across the ecosystem, with deployments on networks including Ethereum and Arbitrum. The project continues active development, with technical milestones including the release of Machine Emulator v0.20.0 featuring zero-knowledge support.
The CTSI token has a hard-capped maximum supply of 1,000,000,000 tokens, with approximately 93% of the supply in circulation following its initial distribution in April 2020. The token is designed for staking under a proof-of-stake mechanism, network fee payments on the Noether sidechain, and participation in off-chain Snapshot governance for grant allocations and technical proposals. However, certain core utility components, including the Validator Marketplace, remain partially implemented, and governance execution is currently categorized as permissioned with execution reliant on centralized foundations.
Cartesi has not experienced any recorded smart contract exploits, hacks, or regulatory enforcement actions. However, the token has experienced a severe market downturn, suffering a drawdown of approximately 98.5% from its all-time high of $1.80 to a market capitalization of roughly $24.2 million. Additional operational and structural risks include low and fragmented trading liquidity, token concentration within foundation-controlled reserves, and an absence of verifiable named third-party security audit reports in available records.