Cyberperp
CYB
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Cyberperp (CYB) is a GMX-fork perpetual and spot DEX operating on the IOTA EVM. The project demonstrates severe operational stagnation across key dimensions. Development is essentially dormant (1.0/10) with closed-source code and no public commits or updates over the past 12-18 months. Community adoption and market traction are minimal (2.2/10 and 2.5/10), evidenced by a collapsed TVL under $10,000, 24-hour volume below $500, and no decentralized governance forum. Tokenomics (4.2/10) suffer from high treasury concentration (57.8%), while fee-sharing utility is incapacitated by negligible protocol volume. On the positive side, Cyberperp has had smart contract audits by QuillAudits and MoveBit with zero historical exploits or financial defaults ($0.00 loss), received an IOTA Foundation grant, and team/governance scored 4.5/10 despite an anonymous team. However, the token has suffered a >98% unrecovered price drawdown from ATH. With no qualifying red-flag events triggering an external cap, the overall score is mathematically derived from the weighted section average at 2.9.
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 Cyberperp (CYB)
Cyberperp (CYB) is a decentralized spot and perpetual exchange deployed on the IOTA EVM network. Designed as a fork of the GMX architecture, the protocol utilizes a multi-asset liquidity pool model to support token swaps and leveraged trading positions up to 50x with zero price impact. The project also utilizes LayerZero OFT standards for cross-chain bridging functions.
The CYB token has a total supply hard-capped at 10,000,000, with a circulating supply of approximately 4.22 million tokens. The protocol's tokenomics feature a revenue-sharing model that directs 30% of platform fees to CYB stakers and 70% to CyberLP liquidity providers. Cyberperp received a grant through the IOTA Ecosystem Grants Program, and its smart contracts were audited by QuillAudits and MoveBit, recording zero smart contract exploits or financial losses since deployment.
Despite an absence of security exploits, the project faces severe operational and market challenges. Development has become largely dormant, with a closed-source codebase and no recorded updates over a 12- to 18-month period. Cyberperp maintains an anonymous team and centralized administration without an active decentralized governance framework. The protocol's Total Value Locked (TVL) has fallen under $10,000, accompanied by daily trading volumes consistently below $500, which has limited fee distribution. Additionally, the CYB token experienced a severe price crash of more than 98% from its all-time high of $3.56.