RARI
RARI
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
RARI serves as the governance token for the Rarible NFT marketplace ecosystem. While the project maintains a structured governance framework utilizing veRARI and has completed token emissions with a fixed max supply of 25,000,000, it faces significant fundamental headwinds. Active development has largely stalled over the past 12 to 18 months, broad social community engagement remains limited, and the project operates within a challenging and contracting NFT marketplace sector dominated by larger competitors. Financially, RARI exhibits micro-cap characteristics with a ~$2.11M market valuation, severely constrained liquidity, and a 99.8% drawdown from all-time highs. Importantly, historical exploits associated with Rari Capital are confirmed to be an unrelated DeFi protocol and do not apply to Rarible. No qualifying red-flag cap is triggered, but the overall score reflects weak market traction, stalled development, and low liquidity.
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 RARI (RARI)
RARI is the native governance token of Rarible, an NFT marketplace and infrastructure ecosystem. Built for Rarible DAO, the token operates alongside a multi-stage governance framework utilizing veRARI for on-chain voting, ecosystem proposals, and grant allocations. RARI has a fixed maximum supply of 25,000,000 tokens, with its primary emissions schedule concluding in May 2024. The token is also designed with a demand mechanism where a portion of platform fees is directed toward buybacks.
Rarible functions as a decentralized platform for creating, buying, and selling digital collectibles across various blockchain environments. The project is distinct from Rari Capital, an unrelated decentralized finance lending protocol that suffered historical smart contract exploits. Governance discussions for Rarible have included proposals regarding ecosystem migrations, including governance activity on Arbitrum forums, supported by a delegate structure and a community base of approximately 25,000 holders.
The project faces notable market, operational, and regulatory headwinds. Active development on the core protocol has stalled, with no verifiable shipping activity recorded over the trailing 12 to 18 months. RARI has experienced a severe price drawdown of approximately 99.8% from its 2021 all-time high, leaving the token with a micro-cap valuation and limited daily trading liquidity in a contracting NFT market dominated by competitors. Additionally, the project has faced regulatory scrutiny, including reports of an August 2023 U.S. Securities and Exchange Commission (SEC) enforcement settlement concerning unregistered broker activity.