WAGMI
WAGMI
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WAGMI displays weak fundamentals across all evaluated categories. The Active Development section could not be scored due to insufficient data caused by namespace cross-contamination with the wevm/wagmi software library, and its weight was redistributed across the remaining sections. Community Support is severely impaired (1.5/10), reflecting community dormancy and a lack of recorded governance activity since late 2023. Tokenomics (3.5/10) suffer from an infinite supply with discretionary minting and no formal vesting schedules for operational multisig allocations. Market and Use Case (2.0/10) reflect micro-cap status with negligible liquidity (~$5.3K daily volume), low TVL ($225K), and no clear competitive differentiation. Team and Governance (3.5/10) rely on pseudonymous leadership with no formal DAO structure, while Security and Audit History (4.0/10) highlights the absence of any verified third-party audit or team KYC on CertiK, despite a moderate 70.03 BBB Skynet rating. No qualifying red-flag exploit or regulatory incident was identified, but the cumulative structural and market risks are substantial.
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 WAGMI (WAGMI)
WAGMI (WAGMI) is a multi-chain cryptocurrency token that originated through an initial mint from a 1:69 ratio migration from ICE tokens. The project has deployments across multiple blockchain networks, including a deployment on Metis in January 2024. The token's ticker faces frequent namespace confusion with unrelated software libraries and similarly named meme tokens.
The tokenomics of WAGMI feature an infinite total supply with discretionary token emissions rather than a fixed inflation rate or maximum emission cap. Newly minted tokens are allocated with 80% designated for protocol growth, liquidity, and leverage incentives, and 20% assigned to an operational multisig without a published vesting schedule. Governance relies on semi-public and pseudonymous contributors—identified primarily by online handles including danielesesta, GeorgiyXo, and defaichad—without a formal DAO framework or documented on-chain voting procedures beyond snapshot votes for protocol-owned liquidity management.
WAGMI operates as a micro-cap asset with low trading volumes and minimal Total Value Locked (TVL). The project exhibits severe community dormancy, with no active governance proposals or forum discussions recorded after September 2023. From a security perspective, CertiK Skynet records assign the project a BBB tier rating (score of 70.03), while noting an absence of verified third-party smart contract audits and no team KYC verification.