Decentraland
MANA
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
MANA (Decentraland) reflects a mature, established metaverse project with functional governance, continuous technical maintenance, and clean security audit records, though it is constrained by macro sector headwinds. On the development and governance fronts, the project scores well (Active Development: 7.0, Team and Governance: 7.5), retaining active GitHub development into 2026, a live Decentraland Foundation/DAO structure, and zero protocol exploits. Tokenomics (5.5) features structured vesting schedules and LAND burn sinks, offset by historical mint/pause authority concerns. Community Support (5.0) and Market & Use Case (4.8) reflect shallower participation and a severe narrative decline in the metaverse sector, leading to a ~99% drawdown from ATH. In Security (4.5), verified audits from OpenZeppelin and Coinfabrik along with an active Immunefi bug bounty confirm strong code integrity, with deductions stemming from general regulatory ambiguity and the price drawdown cap. No qualifying red-flag events were established; the overall score is the weighted average across all six complete sections.
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 Decentraland (MANA)
MANA is the native ERC-20 utility token and in-world currency of Decentraland, a 3D virtual world platform built on the Ethereum blockchain. Founded in 2015 by Ari Meilich and Esteban Ordano and launched publicly in February 2020, the platform allows users to purchase virtual land parcels (LAND), acquire digital goods, and participate in ecosystem governance. Within the environment, MANA is utilized for marketplace transactions and serves as a governance voting asset alongside other platform tokens.
The project operates under a hybrid management model, where day-to-day development is maintained by the Decentraland Foundation, while core smart contracts and treasury assets are governed by the Decentraland DAO and supported by a Security Advisory Board. The tokenomics model incorporates structured allocations, including a 10-year vesting schedule of 222 million MANA for the DAO that began in February 2020, alongside deflationary burn mechanisms tied to LAND transactions. MANA's core token smart contract was audited by OpenZeppelin in 2017, and its LAND auction contracts were audited by Coinfabrik. The project also maintains an active bug bounty program on Immunefi.
Decentraland faces notable market, operational, and governance risks. Due to a broader narrative decline in the metaverse sector and subdued organic demand, MANA has experienced a severe price crash of over 98% from its all-time high of $5.90. The project also contends with structural risks, including token concentration among foundation and early-investor wallets, historical smart contract mint and pause authorities, narrow voter participation in governance, and occasional stability issues with its Snapshot voting infrastructure. In addition, categorical regulatory uncertainty persists regarding the classification of virtual land NFTs and utility tokens.