Orochi Network
ON
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Orochi Network (ON) is a verifiable data infrastructure and zkDatabase project utilizing zero-knowledge proof technology. The project exhibits ongoing technical development, including the transition of its zkDatabase to mainnet and institutional grant backing from entities like the Ethereum Foundation and Web3 Foundation. However, overall fundamentals are weighed down by significant structural weaknesses. The project's public engineering metrics lack verified independent audit reports and broad open-source developer engagement. The community presence remains minimal with only ~550 on-chain Ethereum holders and no active DAO or governance framework. Tokenomics present heavy dilution risk with 70% to 85% of the 1 billion maximum supply currently locked under multi-year vesting schedules through 2029, alongside high team/treasury allocations. Market structure is strained by severe supply concentration (top 10 wallets holding 100% of circulating supply) and thin liquidity. No protocol exploits, hostile delistings, or regulatory actions were identified, but the absence of verified third-party security audits presents a material operational risk. No qualifying red-flag event cap was triggered.
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 Orochi Network (ON)
Orochi Network (ON) is a verifiable data infrastructure project founded in Singapore in 2021. The platform utilizes zero-knowledge proof technology, fully homomorphic encryption (FHE), and trusted execution environments (TEE) to provide trust-minimized data computation and storage services, including its zkDatabase and zkDA layers. The ON token is deployed across both Ethereum and BNB Smart Chain. The project has received grants and backing from organizations including the Ethereum Foundation, Web3 Foundation, Mina, BNB Chain, and MEXC Ventures, transitioning its zkDatabase from a public testnet to mainnet in late 2025.
The ON token possesses a fixed maximum supply of 1,000,000,000 tokens designed to facilitate network operations. Its utility encompasses validator staking, distributed storage leasing fees, zero-knowledge sequencer rewards, and network transaction fees. The token distribution features multi-year lockup schedules concluding in October 2029, with approximately 70% to 85% of the total supply locked, including a 22.5% allocation dedicated to the team and 18% allocated to the project treasury.
Operational and market risks have been identified regarding the project's governance and distribution. As of evaluation data, no published third-party security audit reports or verified security scores are available for Orochi Network's smart contracts or infrastructure. Governance remains centralized under the core team without an active decentralized autonomous organization (DAO) framework. Furthermore, the network exhibits an early-stage market structure characterized by a small community of roughly 550 Ethereum holders, substantial token supply concentration among top wallets, and a high fully diluted valuation relative to circulating liquidity.