Myria
MYRIA
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Myria (MYRIA) presents a profile of a heavily distressed micro-cap token experiencing protracted inactivity across multiple operational pillars. Active development has largely stalled, with no verifiable product upgrades, security audits, or roadmap deliverables identified between 2024 and 2026. The community and governance structures appear dormant, lacking active forums or decentralized participation. From a tokenomics standpoint, the asset carries substantial insider concentration (61% allocated to project reserves and team), unfulfilled utility promises (such as staking marked 'coming soon'), and discrepancies across circulating supply trackers. Market metrics indicate severe distress, with micro-cap valuation under $1M, minimal liquidity, and low trading volume. Security evaluations highlight the absence of a verified third-party audit for the token contract alongside potential privileged owner access and severe unrecovered price drawdowns. No qualifying red-flag events (exploits, insolvencies, or hostile exchange delistings) or outright fraud were confirmed in the section records, but the project exhibits severe signs of abandonment and dormancy.
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 Myria (MYRIA)
Myria (MYRIA) is an ERC-20 utility token associated with Myria, an Ethereum Layer 2 scaling solution designed for Web3 gaming applications. The Myria platform was developed to support blockchain gaming through developer tools, software development kits (SDKs), and partner game studios. The MYRIA token functions within this environment, with a fixed maximum supply of 50 billion tokens designated for ecosystem distribution, development, and platform utility.
The project's tokenomics allocate 61% of the total supply to project-controlled categories, including the Ecosystem Fund, the founding team, and strategic reserves. Planned core utilities, such as on-chain staking, remain unreleased and marked as pending on the official portal. Governance is centralized and managed directly by the project team—which includes Brendan Duhamel and Andrew Silber—without active DAO infrastructure or verified on-chain community voting mechanisms.
Myria exhibits signs of operational dormancy and market distress. The project has produced no dated software releases, protocol upgrades, or updated roadmaps between 2024 and 2026. MYRIA has also experienced a severe, unrecovered price crash of over 50% from its historical highs, trading at a micro-cap valuation below $1 million with minimal daily volume and fragmented liquidity across tracking platforms. Additionally, third-party analytics cite high security risks linked to potential privileged owner contract permissions and an unverified audit status for the primary token contract.