TL;DR
- Idea: A trustless omnichain interoperability protocol abstracting global state across multiple blockchains.
- Catalyst: Recent listings on Binance Alpha, MEXC, KuCoin on 2025-08-04 expanding trading venues.
- Risks: As an early-stage infrastructure project with complex technology and low market cap, adoption and liquidity risks remain high.
- Score: 7.00/ 10
Coin
- Name/ Ticker: Cycle Network (CYC)
- Segment: Interoperability
- Status: active
- Price: $0.062190
Key Metrics
- Market Cap: $9 214 814
- FDV: $60 623 774
- Circulating Supply: 152 000 000
- Total Supply: 1 000 000 000
Sources
Technology
- USP: Trustless omnichain interoperability through verifiable state aggregation.
- Core Technology: Verifiable State Aggregation (VSA), Omni State Channel Indexer (OSCI), decentralized sequencer, ZK-Rollup, Extended Data Availability, hardware-accelerated ZK proofs.
Roadmap
- 2024-02-06: Whitepaper v0.5 released
- 2024-02-06: Testnet 1.0 'StarFish' launched
- 2025-01-28: Alpha mainnet launched (Pre-TGE)
- 2025-01-28: Token Generation Event and CEX listings
- 2025-08-04: Binance Alpha listing
- 2025-08-04: MEXC and KuCoin listings
- 2025-06-30: Mainnet Phase 2 & SDK 2.0 release
- 2026-01-01: Phase 3: Global chain abstraction scale-up
Team & Investors
Team
- Founder & CEO β Jessica Zheng: Blockchain R&D, incubated by Binance Labs S7 program.
- Lead Testnet Engineer β Robbie: Deployed and managed multiple chain abstraction testnets across EVM and non-EVM networks.
- Developer Relations β Tom Jams: Managed community engagement and developer onboarding for Cycle Network.
Investors
- Vertex Ventures β Series A β’ 2024-02-27
- Summer Ventures β Series A β’ 2024-02-27
- LTP β Series A β’ 2024-02-27
- SuperChain Capital β Series A β’ 2024-02-27
- Great South Gate β Series A β’ 2024-02-27
- Manta Network β Seed β’ 2024-08-01
Tokenomics
- Utility: Platform payments, transaction fees, SDK usage, governance.
- Vesting: Team & Advisors tokens vested linearly over 4 years with a 12-month cliff.
- Next Unlock: 2026-01-28
Pros & Cons
Strengths
- Trustless omnichain interoperability across multiple blockchains.
- Reduces developer complexity with unified global state abstraction.
- High security and low-cost via ZK-Rollup and hardware-accelerated ZK proofs.
- Strong backing from Vertex Ventures and Binance Labs.
- Multi-exchange listings increase liquidity and accessibility.
- Active testnet engagement with over 200000 interactions.
- Innovative Extended Data Availability mechanism.
Weaknesses
- Early-stage project with limited live adoption.
- Small market cap and relatively low liquidity.
- Complex technology may slow onboarding for developers.
- Potential dilution from vesting schedule could impact price.
- Reliance on non-mainnet Binance Alpha listing for exposure.
- Uncertain TVL metrics due to infrastructure nature.
- Governance and tokenomics details still evolving.
Price Scenarios (target: 2026-02-06)
How to Buy & Store
CEX
- Binance
- MEXC
- KuCoin
- Gate.io
- Bitget
DEX
- PancakeSwap
- Uniswap V3
- SushiSwap
- QuickSwap
- 1inch
Storage
- MetaMask
- Trust Wallet
- Ledger Hardware Wallet
- SafePal
- Coinbase Wallet
Verdict
Cycle Network offers compelling chain abstraction technology with strong backing and multi-exchange listings, but remains early stage with small market cap and technical complexity that could hinder adoption.
Official Links
Source: Coin Research (internal)
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