TL;DR
- Idea: Anoma is a privacy-preserving, intent-centric operating system that unifies multiple blockchains through MASP-based zero-knowledge multi-asset shielded pools and multi-chain atomic settlement
- Catalyst: Experimental listing on Coinbase and upcoming governance vote unlocking mainnet app deployment
- Risks: Experimental asset with limited liquidity, complex architecture hindering adoption, and potential regulatory scrutiny around privacy features
- Score: 8.00/ 10
Coin
- Name/ Ticker: Anoma (XAN)
- Segment: Layer 1 Infrastructure
- Status: Active
- Price: $0.126000
Key Metrics
- Market Cap: $314 893 453
- FDV: $1 259 573 811
- Circulating Supply: 2 500 000 000
- Total Supply: 10 000 000 000
Sources
Technology
- USP: Intent-centric architecture with MASP-based zero-knowledge multi-asset shielded pools enabling privacy-preserving, cross-chain atomic settlements
- Core Technology: MASP ZK privacy protocol, threshold DKG front-running protection (Ferveo), intent-centric resource machine for declarative dApp development
Roadmap
- 2025-01-16: First public devnet launch
- 2025-07-01: Testnet phase launch
- 2025-09-29: Mainnet Phase 1 (XAN token live)
- 2026-03-01: Mainnet Phase 2+ expansion to additional chains
- 2026-06-01: Anoma native consensus launch
Team & Investors
Team
- Co-founder — Adrian Brink: Former Tendermint core developer and Head of Partnerships; ex-Web3 Foundation technologist; co-founder of Cryptium Labs and Metastate
- Co-founder — Awa Sun Yin: Former Chainalysis data scientist and software engineer; Tendermint researcher; co-founder of Cryptium Labs and Metastate
- Co-founder — Christopher Goes: Former Tendermint core developer; lead designer of IBC; primary Wyvern Protocol developer; co-founder of Cryptium Labs and Metastate
Investors
- Polychain Capital — Private • 2021-04-01 • $6.75M
- Polychain Capital — Series B • 2021-11-17 • $26.00M
- CMCC Global — Series C • 2023-05-31 • $25.00M
- Native Crypto — Community • 2025-01-30 • $2.50M
- CMS Holdings — Community • 2025-01-30 • $2.50M
- Coinbase Ventures — Series B • 2021-11-17
- Electric Capital — Series C • 2023-05-31
- Delphi Digital — Series C • 2023-05-31
- Dialectic — Series C • 2023-05-31
- KR1 — Series C • 2023-05-31
Total funding: $60.25M
Tokenomics
- Utility: Coordinate ecosystem activity, pay transaction fees, and participate in governance
- Vesting: 12-month initial lock-up for Foundation, R&D, Backers, and Core Contributors followed by linear unlock over 36 months
- Next Unlock: 2026-09-29 (27.08% of circulating)
Pros & Cons
Strengths
- Intent-centric primitives enabling novel dApps
- Privacy-preserving MASP ZK architecture
- Multi-chain interoperability with atomic settlement
- Strong backing from top crypto VCs
- Live devnet and completed testnet
- Experimental Coinbase listing boosting accessibility
- Comprehensive open-source GitHub ecosystem
Weaknesses
- Experimental asset label implies trading risks
- Limited current liquidity and market depth
- Complex protocol may slow onboarding
- Regulatory uncertainty around privacy features
- Dependency on future protocol audits
- Developer tooling still maturing
- Potential for front-running in early phases
Price Scenarios (target: 2026-04-07)
- Bear: $0.063000 — Assumes a 50% decline from current price under bearish market conditions
- Base: $0.126000 — Maintains current price level based on flat adoption and market conditions
- Bull: $0.378000 — Projects a 3x increase based on network growth and sector multiples
How to Buy & Store
CEX
- Coinbase
- Kraken
- Gate.io
- MEXC
- Bybit
DEX
- Uniswap
- SushiSwap
- Balancer
- 1inch
- Paraswap
Storage
- MetaMask
- Ledger
- Trezor
- Coinbase Wallet
- WalletConnect
Verdict
Anoma offers a groundbreaking privacy-preserving and intent-centric protocol with strong institutional backing and a live ecosystem, but remains experimental with adoption and regulatory risks
Official Links
Source: Coin Research (internal)
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