What Nano is
Nano is a Layer-1 blockchain network, currently ranked 282nd by market capitalization among the assets we track. Nano is its own settlement layer. Smart contracts run on top of it, fees are paid in NANO, and the security model rests on validators bonding the token rather than burning energy to mine it.
Nano (XNO) is a digital currency designed for fast and feeless transactions, utilizing a unique block-lattice architecture to enable instant payments. It aims to provide a scalable and eco-friendly alternative to traditional blockchain systems.
How consensus and the token economy connect
Because security is bought with bonded NANO rather than hardware, the share of supply staked is a useful gauge of conviction — and of how much float is effectively locked.
Under the hood, NANO secures its ledger with Open Representative Voting, built on the ORV (Open Representative Voting) algorithm.
Background & fundamentals
Nano first went live in 2015, giving it roughly 11 years of on-chain price history to draw on. Nano operates under a semi-centralized structure, which concentrates protocol decisions in an identifiable issuer or foundation. A documented core team of 10 contributors is listed publicly, a depth of disclosed staffing many long-tail tokens lack.
Its codebase is open-source, meaning the implementation can be audited rather than taken on trust. CoinPaprika classifies the project's development status as "Working product". In sector terms it is most often filed under Cryptocurrency, Payments, and Scalable.
Where Nano sits in the market
Trading around $0.3111, Nano carries a market capitalization of $41.45M. Around $42.32K changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.10% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Almost the entire NANO supply is already in circulation (~100.0% of the 133.2M cap), so future dilution is effectively off the table. NANO remains -99% beneath its all-time high of $37.62, the kind of gap that historically takes a full cycle or a fresh catalyst to close. Measured from its all-time low of $0.00000899, NANO is up +3,460,100%.
What the price history shows
Recent moves read 24-hour -1.25%, 7-day -6.64%, 30-day +0.47%, 1-year -51.78%. Across roughly the last 365 days of daily candles, NANO endured a peak-to-trough drawdown of about 84% before stabilizing.
Volatility profile
Recent action puts Nano in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the last 30 days the move totals +0.47%, a useful input for stop placement and position sizing.
How to evaluate Nano
The honest checklist for NANO is short:
- Real usage — active addresses, fees paid, and total value locked — does on-chain demand justify the valuation?
- Staking economics — the share of NANO staked, the yield, and unlock/queue dynamics that govern liquid supply.
- Ecosystem depth — how many applications and how much liquidity have chosen Nano over competing Layer-1s.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
