Cycle Network
CYC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Cycle Network (CYC) presents substantial structural risks across multiple domains. Development shows roadmap execution and integration milestones (6/10), but community metrics are nearly non-existent with only 81 holders and 120 transactions (1/10). Tokenomics (5.5/10) feature a hard cap of 1B tokens but suffer from a low circulating supply (~15%) and heavy unlock overhang. Market presence is minimal (3/10) with a ~$3M market cap, thin liquidity, and steep competition in the cross-chain interoperability sector. In Security (3/10), operating unaudited cross-chain infrastructure presents significant smart contract risk, though no exploits or regulatory actions have been reported. A data gap occurred in Team and Governance (scored -1.0 due to insufficient project-specific data), and its weight was redistributed across the remaining sections. No qualifying red-flag cap events were triggered.
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 Cycle Network (CYC)
Cycle Network (CYC) is an interoperability protocol designed to facilitate cross-chain and omnichain liquidity and communication across decentralized networks. Founded in Singapore in 2023 by Jessica Zheng, the project operates on Ethereum and BNB Smart Chain. The CYC token is intended for network utility, including SDK fee payments, mainnet gas, staking and shared security rewards, and protocol governance, though governance functionalities are not yet active.
The token has a hard-capped maximum supply of 1 billion tokens, distributed across allocations including 20% for business and ecosystem development, 15% for community initiatives, 10% for staking and shared security rewards, and 0.50% for launchpool distribution. Team and investor tokens are subject to a 12-month cliff followed by linear vesting schedules. Development milestones have included compatibility upgrades for Berachain and integration with Symbiotic shared security.
Cycle Network faces notable structural and market risks. The project's cross-chain infrastructure operates without verified third-party security audits, creating potential smart contract vulnerability risks. On-chain adoption and community engagement are limited, characterized by a minimal holder count and low transaction activity. Furthermore, the token maintains a low circulating supply of approximately 15%, which introduces future supply overhang from scheduled token unlocks alongside thin market liquidity.