OpenLedger
OPEN
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
OPEN (OpenLedger) represents an active AI-focused EVM-compatible Layer 2 infrastructure project settling to Ethereum. The project benefits from solid institutional backing ($8M seed round led by Polychain Capital and Borderless Capital), structured vesting schedules with 12-month cliffs for insiders, and official SDK development with LayerZero integration. However, overall strength is dampened by a complete lack of verifiable community engagement metrics despite having over 23k on-chain holders, an unproven decentralized governance model, and a below-average CertiK Skynet security rating (54.66 / CCC tier) alongside limited top-tier audit coverage. No qualifying red-flag events, exploits, or regulatory actions were identified. The overall score is calculated as the exact weighted average across all evaluated dimensions.
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 OpenLedger (OPEN)
OpenLedger (OPEN) is an artificial intelligence infrastructure network built as an EVM-compatible Layer 2 blockchain settling to Ethereum. The project focuses on decentralized data infrastructure and tooling for AI systems, providing official Python and TypeScript software development kits (SDKs) alongside LayerZero integration for interoperability. OpenLedger raised over $8 million in a seed funding round led by Polychain Capital and Borderless Capital.
The OPEN token serves as the native utility asset of the network, supporting transaction gas fees, inference payments, Proof of Attribution rewards, and OpenCircle funding initiatives. The token has a fixed maximum supply of 1,000,000,000 OPEN, with an initial circulating supply of 215,500,000 tokens (21.55%). The distribution framework allocates 51.7% to community-oriented initiatives, while team and investor allocations are structured under a 12-month cliff followed by a 36-month linear vesting schedule.
While the protocol has no recorded history of smart contract exploits, hacks, or formal regulatory enforcement actions, evaluation data highlights several operational and structural risks. The project holds a Cyberscope audit with a neutral risk rating, but its CertiK Skynet profile reflects a below-average CCC-tier security score with no full audit report published. Furthermore, governance and EigenLayer restaking mechanisms remain largely in early implementation stages without demonstrated decentralized operation, and long-term token unlock schedules represent ongoing supply overhang.