Provenance Blockchain
HASH
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Provenance Blockchain (HASH) serves as an institutional Layer 1 for regulated financial services with verifiable real-world transaction volume and institutional custody support via Anchorage Digital. Active development is supported by recent governance proposals and codebase updates. However, the token profile is heavily constrained by illiquid secondary markets, an approximate 87% drawdown from all-time highs, lack of a verified external audit trail, and significant supply and governance concentration around Figure Asset Corp. No qualifying red-flag loss events, regulatory actions, or hacks were identified (the Trail of Bits zero-balance disclosure resulted in no reported exploit or loss).
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 Provenance Blockchain (HASH)
HASH is the native utility, fee-payment, staking, and governance token of Provenance Blockchain, a public proof-of-stake Layer 1 network built using the Cosmos SDK. The blockchain is designed to provide infrastructure for regulated financial services, including real-world asset use cases such as loan origination and mortgages. The network has processed over $10 billion in past native transactions and maintains institutional integrations, including custody support through Anchorage Digital and operational deployment by Figure Lending.
The tokenomics framework of HASH incorporates a dynamic staking inflation model ranging from 1% to 52.5%, complemented by a deflationary buy-and-burn mechanism funded by network transaction and settlement fees. Staked HASH holders participate in on-chain governance, voting on chain upgrades and configuration parameters, including the approval of Proposals 102 and 103 in March 2026 to update transaction fee parameters and the Prime Vault smart contract.
The project faces market, governance, and security risks. HASH trades at an approximate 86% to 87% drawdown from its all-time high, alongside low 24-hour trading volumes and limited secondary market liquidity. Significant supply and governance concentration exists around Figure Asset Corp, which controls 57.7% of outstanding tokens (and holds approximately 25% of circulating tokens), mitigated in part by stated voting abstention policies. Additionally, while the network has no record of realized hacks or exploits, it lacks a verified public third-party audit trail, and security research firm Trail of Bits previously identified an unexploited zero-balance vulnerability that temporarily exposed 82 network assets and approximately $500,000 in escrowed HASH.