Liquidity

SN77 (Liquidity) presents a mixed profile characterized by high technical utility but significant centralization and adoption risks. The project excels in Market and Use Case (8/10), serving as a vital financial infrastructure layer that incentivizes liquidity within the Bittensor ecosystem, a clear problem-solution fit. Active Development (7.2/10) is robust and synchronized with network upgrades, though the reliance on a single contributor ('CreativeBuilds') creates a precarious 'bus factor' of one. This centralization extends to Team and Governance (4.5/10), where the lack of a DAO and pseudonymous leadership limit holder influence. Financial structure is a double-edged sword: Tokenomics (6.8/10) benefit from a fixed 21M hard cap, yet the low circulating supply creates substantial inflationary headwinds for early entrants. The project's weakest points are Community Support (3.5/10), evidenced by minimal trading volume and retail presence, and Security (4.5/10), due to the absence of formal third-party audits. Overall, SN77 is a functional, purpose-built subnet token that behaves more like early-stage infrastructure software than a broad-appeal cryptocurrency.