Loom
LOOM
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
LOOM (Loom Network) represents a legacy Layer-2/sidechain infrastructure asset that is in a structurally moribund and largely abandoned state. Across all evaluation dimensions, the project demonstrates severe decay: active development is essentially zero with no active code repositories or release cadence; community channels across Telegram, X, and Reddit are dormant; tokenomics suffer from supply discrepancies, lack of utility, and an illiquid market profile; and market metrics show an obsolete 2017-era value proposition with near-zero daily volume and extreme ticker confusion. Security and audit history indicates the token's smart contracts remain unaudited by recognized third parties and the asset has endured an unrecovered drawdown of over 85% from all-time highs. Furthermore, the project exhibits a '(NEW)' migration designation amidst historical leadership departure and developer attrition. With no qualifying fraud or catastrophic exploits identified, the token simply reflects standard project obsolescence and structural failure.
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 Loom (LOOM)
Loom Network (LOOM) is a legacy Layer-2 and Delegated Proof of Stake (DPoS) sidechain infrastructure project that operates in a largely abandoned state following a historical migration designated by a "(NEW)" contract label. Operating primarily as an Ethereum ERC-20 token and network scaling framework, the platform was originally established to provide scalability solutions for decentralized applications and games.
The project's governance remains centralized with no on-chain decentralized autonomous organization (DAO), leaving technical and treasury control in the hands of the core team. Token supply tracking displays discrepancies across data aggregators, recording total supply figures between 1.0 billion and 1.30 billion LOOM tokens, with remaining vestings allocated to team and treasury pools. Security records indicate that Loom Network's smart contracts have not undergone formal third-party code audits, receiving an unverified "BB" tier profile on platform monitoring indices.
Loom Network has experienced persistent operational contraction, marked by the departure of key leadership—including former CEO Matthew Campbell around late 2019 to early 2020—alongside substantial developer and validator attrition. Active development has ceased, leaving public code repositories and community communication channels dormant. Financially, the LOOM token has undergone an unrecovered drawdown of more than 85% from its all-time high and exhibits depressed trading liquidity alongside ticker confusion with unrelated assets.