Illuvium
ILV
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Illuvium (ILV) presents a mixed profile characterized by sustained technical development and an experienced, well-funded team alongside significant market decay and transparency gaps regarding smart contract audits. On the positive side, Active Development (7.5/10) remains resilient with continuous game updates for the Illuvium ecosystem through mid-2026, and Team & Governance (7.5/10) benefits from established public founders, institutional backing ($72M cumulative funding), and a structured DAO framework. However, Tokenomics (5.5/10) are pressured by high team/treasury allocations and reliance on sILV2 for core in-game utility. Community Support (4.0/10) shows signs of cooling with stale proposal activity, while Market and Use Case (4.5/10) is constrained by a severe ~99.9% drawdown from all-time highs and thinning liquidity. Security and Audit History (3.5/10) is impaired by the lack of retrievable audit reports and historical price destruction, though no confirmed hacks, exploits, or regulatory actions were identified. No qualifying red-flag event applies to cap the overall score.
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 Illuvium (ILV)
Illuvium (ILV) is the governance and utility token of the Illuvium blockchain gaming ecosystem, which operates on Ethereum. Developed by an Australia-based team founded by Grant Warwick and Aaron Warwick, the project encompasses an interconnected multi-game universe featuring titles such as Illuvium: Arena, Illuvium: Overworld, and Illuvium: Zero. Illuvium has secured approximately $72 million in cumulative financing from investors including Framework Ventures and Animoca Brands. The ILV token is utilized for DAO governance, staking, and revenue-sharing mechanisms within the ecosystem.
The tokenomics of ILV feature a fixed hard cap of 10 million tokens, with roughly 7.35 million in circulating supply. Team and treasury allocations represent approximately 40% of the total supply. Illuvium operates on a dual-token model where primary in-game utility is relegated to sILV2 rather than ILV. Governance is conducted through the Illuvinati Main Council (IMC) via structured Snapshot proposals, updated under Governance V3 (IIP-43) to include dedicated committees and conform with VARA standards.
Illuvium has experienced severe market contraction, marked by a price drawdown of nearly 99.9% from its all-time high of $2,868.95 down to approximately $3.00, alongside thinning liquidity and reports of exchange delistings and whale sell-offs. Additional risk factors include an absence of retrievable public smart contract audit documentation in available project records and a cooling in governance participation, with formal proposal activity dating back to October 2023. However, game development remains active, with continuous patch releases and versioned updates delivered for the gaming suite.