What Numeraire coordinates
Numeraire (NMR) is an AI / DePIN infrastructure token, currently ranked 210th by market capitalization among the assets we track. Numeraire sits in the AI/DePIN category, where tokens incentivize a real-world or compute resource network. Providers earn NMR for contributing capacity, and demand for that capacity is the fundamental to watch.
Numeraire (NMR) is a cryptocurrency used as a staking token for the Numerai platform, which enables data scientists to build machine learning models for financial predictions. It incentivizes participants to create accurate models by rewarding them based on the performance of their predictions.
How the network bootstraps supply and demand
These networks face a two-sided problem: pay providers enough in NMR to bring resources online, while attracting real paying demand for those resources. Token emissions can solve the first but not the second.
NMR is not mined; it is issued as a token rather than secured by its own mining or staking layer.
Background & fundamentals
Numeraire first went live in 2017, giving it roughly 9 years of on-chain price history to draw on. Numeraire operates under a centralized structure, which concentrates protocol decisions in an identifiable issuer or foundation. Numeraire lists a documented core team of 6, so the people behind the project are at least named on the record.
Its codebase is open-source, meaning the implementation can be audited rather than taken on trust. The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in NMR. CoinPaprika classifies the project's development status as "On-going development".
In sector terms it is most often filed under Smart Contracts, Ethereum (ETH) Token (ERC-20), and AI (Artificial Intelligence).
Where Numeraire sits in the market
With NMR near $8.89, Numeraire carries a market capitalization of $67.59M. Around $8.31M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 12.30% of the float — elevated, often a sign of narrative-driven trading.
About 98% of the hard cap of 11M NMR has been minted, leaving only modest issuance ahead. NMR remains -95% beneath its all-time high of $168.49, the kind of gap that historically takes a full cycle or a fresh catalyst to close. Measured from its all-time low of $5.89, NMR is up +51%.
What the price history shows
The tape currently reads 24-hour +5.85%, 7-day -2.84%, 30-day -4.53%, 1-year +0.83%. NMR is currently trading near the bottom of its 365-day range (around the 16th percentile of recent closes).
Volatility profile
Recent action puts Numeraire in the High-volatility band — it has been actively trading, with daily moves that would be unusual in traditional equities. Over the last 30 days the move totals -4.53%, a useful input for stop placement and position sizing.
How to evaluate an AI/DePIN token like Numeraire
For an asset of this type, three lenses matter most:
- Real demand — paying usage of the network's resource, not just provider rewards funded by NMR emissions.
- Supply growth — how much real-world or compute capacity the network has actually brought online.
- Token economics — whether NMR demand can outgrow the incentives the protocol pays to bootstrap it.
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.
