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Mina Protocol

Live. Machine-drafted, not yet checked by a person.

Hot: upgrade or launch live, new software releaseFull record

Mina Protocol says it is a very small, lightweight blockchain that ordinary participants can help run. Of the 3 things it promised, it delivered 0, 2 are past due and not yet checked, 1 is still open (1 with no date); nothing dated is coming up. It trades at $0.0822, #256 of all coins by size, 99% below its highest ever price.

This week in the news: new software release, upgrade or launch live.

A real job, real backing. Delivered 0 of 3, 2 past due, not yet checked. Nothing dated ahead. #5 of 28 privacy blockchains. Nothing to be careful of on the record.

Is it real?

3 of 4tests passeda real job, real backing, something ahead, room to grow
5named backersParadigm, Coinbase Ventures
5 yearson the marketsince 31 May 2021
99.64Kpeople watch iton CoinGecko lists
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3 of 4

  • A real-world jobReal-world purpose: a platform other apps build on
  • Real backingBacking: backed by Paradigm; in the Coinbase 50 Index; trades on Coinbase, Crypto.com, Kraken
  • Something aheadA dated step, deliveries on record, or demand showing up in the news.
  • Room to growRoom: worth $106.32M, 35 times smaller than Canton, the biggest coin within reach doing the same thing (Privacy Blockchain)

Backed by Paradigm and 4 more

  • Origin31 May 2021about about 5 yearsTagged Made in USA on CoinGeckominaprotocol.com, GitHub
  • DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
  • BackingParadigm, Coinbase Ventures, Multicoin Capital, Pantera Capital, Polychain CapitalInvestor tags from CoinGeckoIndex: Coinbase 50 IndexListed on Coinbase, Crypto.com, Kraken, Binance
  • Standing on the record0 of 30 confirmed by outside news, 2 past due, not yet checked4 headlines last month99,643 people keep it on a CoinGecko watchlistNo corrections needed so far
The gap, and what to do

It is already worth more than the typical coin in Privacy Blockchain ($16.67M). To match the leader, Canton ($3.75B), its price would need to rise 3432%, to about $2.90.

Still to check

  • 3 dated promises, none delivered yet
  • Only 4 headlines named it last month

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

0 of 3promises deliveredby the project's own pages
0confirmed outsideby a news report or a tagged release
2past their datenot yet checked by a person
1still open
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

0%delivered

0 of 3

promises delivered, by the project's own pages

0 of those confirmed by an outside news report

Promises by the year they were due

20252
undated1

delivered open past due

2026todayMina Protocol said it would take a snapshot of eligible voters in November to prepare for an upcoming community vote. — due November 2025, past due, delivery not yet checked. Click for details.Mina Protocol said it would take a…November 2025Mina Protocol said eligible community members would be able to vote on the Mesa protocol changes between December 8 and December 15. — due 15 December 2025, past due, delivery not yet checked. Click for details.Mina Protocol said eligible community…15 December 2025

delivered open past due, not yet checked today. Click a point to open that promise.

Promises, one by one
  • Past dueNovember 2025Mina Protocol said it would take a snapshot of eligible voters in November to prepare for an upcoming community vote.289 days overdue, not yet checkedProof No article or release reports it shipping. Checked 12 September 2026.
    Details
    “Stake Snapshot for Voting (Nov): Capturing the eligible voter set ahead of the on-chain vote.”

    source · snapshot · captured 2026-09-10

  • Past due15 December 2025Mina Protocol said eligible community members would be able to vote on the Mesa protocol changes between December 8 and December 15.274 days overdue, not yet checkedProof This may report it shipping, not yet checked by a person: release 4.0.0-devnet 13 August 2026
    Details
    “A central part of the Mesa process is the upcoming On-Chain Vote, happening Dec 8-15, where eligible community members will have the opportunity to vote on the protocol changes included in the upgrade.”

    source · snapshot · captured 2026-09-10

  • Openno dateMina Protocol said it would publish an updated project timeline with more specific dates once testing progressed further.
    Details
    “As we progress through the Mesa Testnet and the initial phase of cluster testing, we will share more precise timing for the remainder of the upgrade. It will be at that point that we will publish an updated version of the timeline — including months and more specific dates.”

    source · snapshot · captured 2026-09-10

What is next, and when?

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How big is it next to its rivals?

#5of 28 privacy blockchainsthe typical one is worth $16.67M
$106.32Mworth todayprice × coins out
$16.67Mthe typical rival is worthPrivacy Blockchain
$3.75Bthe leader is worthCanton
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

A platform other apps build on

35 coins we checked say they are for a platform other apps build on, worth $393.62B together. #30 of 35 by worth.

Privacy Blockchain: this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Mina Protocol$106.32Mthis coin−5.6%no max0 of 3 delivered
  • Canton$3.75B35.3× bigger, +$3.65B−0.7%, gap +4.9no maxno record
  • Beldex$595.09M5.6× bigger, +$488.77M−0.9%, gap +4.6no max10 of 48 delivered
  • Midnight$333.17M3.1× bigger, +$226.84M−1.7%, gap +3.869% outno record
  • Humanity$160.98M1.5× bigger, +$54.66M−7.8%, gap −2.220% outnone dated
  • ZKsync$97.58M1.1× smaller, −$8.74M−2.5%, gap +3.149% outnone dated
  • Zano$95.17M1.1× smaller, −$11.16M−1.7%, gap +3.9no max51 of 69 delivered
  • Oasis$53.41M2.0× smaller, −$52.91M−4.8%, gap +0.880% out0 of 1 delivered
Same job, different how

Privacy Blockchain: this coin next to Canton, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Mina Protocol says
Mina Protocol says it is a very small, lightweight blockchain that ordinary participants can help run.
Canton says
Canton Coin (CC), the network’s native utility token, was designed to reward real network usage over speculation.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

Mina Protocol says it is a very small, lightweight blockchain that ordinary participants can help run.

Its listing puts it this way: The world's lightest blockchain, powered by participants. Mina is building a privacy-preserving gateway between the real world and crypto — and the infrastructure for the secure, democratic future we all deserve.

Problem it says it solves: a platform other apps build on. 52 coins we have checked say the same; together they are worth $408,727,547,844.

Where it trades: Coinbase, Crypto.com, Kraken, Binance, OKX

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

Nothing printed today

None of the six tests fails. A missed promise counts only on a record a person has checked.

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Why is it this small?

Privacy Blockchain: this coin next to the group's largest, Canton.

Mina ProtocolCanton
Years trading5 years9 months
Major exchanges96
Named backers50
Headlines, last month442
Promises delivered0 of 3no record

What it says is different: The world's lightest blockchain, powered by participants. Mina is building a privacy-preserving gateway between the real world and crypto — and the infrastructure for the secure, democratic future we all deserve.

It is 2.8% the size of Canton. On the facts above it is behind on headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.

The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.

The homework: the coin itself, the news, the record

The coin itself

$0.0822price of one−5.6% today
99%below its highest ever$9 on 31 May 2021
100%of the supply is out1.29B coins
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The last 7 days

7 days ago: $0.0826now: $0.0822 (+0.6%)

Where today sits against its highest ever price

$0.0822

Highest ever: $9.09 on 31 May 2021. Today is 1% of that.

100%

of all MINA that will ever exist is already out in public hands: 1.29B coins.

Nothing is held back. Every coin is already out.

out held back. Each dot is 1%.

Pays for every use of its network

Every transaction on its network pays a fee in it. That is the built-in reason anyone needs it.

  • Every transaction on its network pays a fee in it
  • Can be staked to earn a share of network rewards
$0.0822price of one
×
1.29Bcoins out
=
$106.32Mworth today, #256 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 1.29Bin circulation of 1.29B total. No hard maximum is set, so more can be created.
  • 1%of its all-time high of $9.09 on 31 May 2021. That is −99.1% from the top.
  • #256by market cap, $106,323,348.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

What the news says

4headlines, last monththat name this coin
0about governmentregulation, courts, central banks
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Headlines per day, last 30 days

4 headlines named this coin in the last month.

What they were about

  • Upgrade4
  • Price1
In the news
What people are talking about, last month:

Headlines are the publishers' own. News is never placed next to price.

The record itself

Promises3from its own pages
Page copies579 pages watched
Confirmed0by outside news
Checkedmachinedraft until checked
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy

What it says it is

Mina Protocol says it is a very small, lightweight blockchain that ordinary participants can help run.

“Mina is the world’s lightest blockchain, powered by participants.”
source · snapshot · captured 2026-09-10
Stage and age

Live. The record does not yet cite when this stage began.

Promises

0 of 3 promises delivered. 2 past due with no delivery recorded, not yet checked by a person. 1 open.

Others in smart-contract platforms: Internet Computer 20 of 23, Ethereum 15 of 20, Ozone Chain 13 of 30, Starknet 10 of 24, and 28 more.
Others in privacy networks: Zano 51 of 69, Internet Computer 20 of 23, Nockchain 20 of 30, Beldex 10 of 48, and 6 more.
Last activity

No public code repository is listed in this record.
The project's blog page last changed on 14 September 2026.

Open flags

Nothing further to flag from the record as it stands.

Checked?

This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.