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Advertising settlement in the browser
BAT — Basic Attention Token
Pays you for watching advertising in a particular browser, and pays the websites for your attention.
Score and range
Score65 of 88 obtainable points, share 73.9 percentRange of readings68.4 to 76.5 percentMeasurement uncertaintyat or above 65 percent in every reading checked; least favorable combination 65.3 percentAssessed onOctober 3, 2026, complete re-assessment of all twelve criteria
Earlier assessment: special run B of September 4, 2026, 67 of 100 under the old count, not comparable with today’s share. Market capitalization at the time 106.4 million dollars.
Where this stands
Six assets reach the reporting threshold of at least 65 percent of the obtainable points after a complete assessment: iExec RLC 74.7 percent, Basic Attention Token 73.9 percent, OriginTrail 69.7 percent, Arweave 69.2 percent, Ankr 69.2 percent, VeChain 67.7 percent.
- iExec RLC and Basic Attention Token are closer together, at 0.8 percentage points, than the repeatability of the measurement (two to three points); their order says nothing.
- Collected: Basic Attention Token and Arweave on October 3, 2026, OriginTrail and Ankr on October 5, 2026, VeChain on October 7, 2026, iExec RLC on October 8, 2026.
- Older scores come from earlier assessments and are not comparable with the assets that have reached the threshold.
Collected on October 3, 2026, complete re-assessment of all twelve criteria.
What it is for
- Set out to
- Compensating attention in the Brave browser.
- Today in addition
- Brave Wallet with buying, sending and swapping, issuance also on Solana.
- Notable
- A token built firmly into its own browser with its own ad delivery.
- Strength
- A finished product with an existing user base.
- Weakness
- Demand depends on this browser alone.
Contract address
Chain: Ethereum
0x0D8775F648430679A709E98d2b0Cb6250d2887EF
Unabridged and deliberately not linked: a blockchain explorer that we have not checked would be a statement we cannot support.
Score
65of 88
Market capitalization
$143Mas stored
against Bitcoin, 90 days
—not against the dollar
CoinMarketCap
#1697numeric identifier
Where the price stands today between its two endpoints — logarithmic, because orders of magnitude lie in between.
The four cycles
Measured on daily closing prices, never on daily highs or lows. The cycle boundaries are Bitcoin’s own highest and lowest daily closes: January 14, 2015, December 16, 2017, December 15, 2018, November 8, 2021, November 21, 2022, October 6, 2025 and the current low on June 30, 2026. A day counts only if at least ten thousand dollars were traded on it. The price against Bitcoin is given in satoshi — one satoshi is one hundred-millionth of a bitcoin.
| Cycle | Lowest daily close | Highest daily close | Rise low → high | Fall high → low |
|---|
| 2015 to 2017January 14, 2015 to December 16, 2017 | existed, but not measurable — reliable exchange days only from April 20, 2021 |
| 2018 to 2021December 15, 2018 to November 8, 2021 | $0.46601,564 satJuly 20, 2021 | $1.422,414 satMay 8, 2021 | in dollars +$0.8160 (+175.1%)against Bitcoin +21.3%from $0.4660 on July 20, 2021 to $1.28 on November 8, 2021 | in dollars -$0.9570 (-67.3%)against Bitcoin -35.2%from $1.42 on May 8, 2021 to $0.4660 on July 20, 2021 |
Only partly measured: reliable trading only from April 20, 2021. What lay before that in the window is not recorded; the figures above are the endpoints of the measured part, not those of the whole cycle. |
| Year by year |
| 2021: in dollars +1.2% (from $1.27 to $1.28) · against Bitcoin -15.4% |
| 2022 to 2025November 21, 2022 to October 6, 2025 | $0.1122111.12 satJune 22, 2025 | $0.3758513.83 satMarch 13, 2024 | in dollars +$0.0586 (+52.2%)against Bitcoin +28.1%from $0.1122 on June 22, 2025 to $0.1708 on July 22, 2025 | in dollars -$0.2636 (-70.1%)against Bitcoin -78.4%from $0.3758 on March 13, 2024 to $0.1122 on June 22, 2025 |
| Year by year |
| 2022: in dollars -24.3% (from $0.2193 to $0.1660) · against Bitcoin -27.8% |
| 2023: in dollars +52.6% (from $0.1682 to $0.2567) · against Bitcoin -40.1% |
| 2024: in dollars -11.4% (from $0.2623 to $0.2324) · against Bitcoin -58.0% |
| 2025: in dollars -38.9% (from $0.2420 to $0.1479) · against Bitcoin -53.8% |
| since 2026, ongoingJune 30, 2026 to September 17, 2026 | $0.056790.02 satAugust 14, 2026 | $0.0902141.93 satJuly 5, 2026 | in dollars +$0.0217 (+38.3%)against Bitcoin +11.1%from $0.0567 on August 14, 2026 to $0.0784 on September 8, 2026 | in dollars -$0.0336 (-37.2%)against Bitcoin -36.6%from $0.0902 on July 5, 2026 to $0.0567 on August 14, 2026 |
| Year by year |
| 2026: in dollars -5.3% (from $0.0780 to $0.0739) · against Bitcoin -27.4% |
If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.
Key figures, as of October 3, 2026
Price / market capitalization0.095493 dollars / 142.83 million dollars, rank 169Circulating supply1,495,724,657 of 1,500,000,000First listingJune 1, 2017Change over thirty daysplus 40.59 percent in dollars; against Bitcoin factor 1.283Users of the product126.3 million monthly active users according to Brave, as of August 31, 2026Ten times in dollars would be0.955 dollars per BAT, around 1.43 billion dollars of market capitalization (a calculation, not a forecast); all-time high 1.9209 dollars on November 28, 2021
The changes come from the assessment of October 3, 2026 and are not included in the color of the tile: all other assets are based there on the snapshot of August 28, 2026, and two bases in one color scale would not be comparable. Weights and thresholds will be reviewed together on December 8, 2026.
The twelve criteria one by one
| Criterion | Points | What was measured |
|---|
| Net supply and issuance pressure | 20 of 20 | 0.285 percent still to be unlocked; maximum supply 1.5 billion units. Brave’s holdings are not measured. |
| Starting valuation and size leverage | 10 of 14 | 142.83 million dollars |
| Survivability | 12 of 12 | 9.3 years since first listing (June 1, 2017) |
| Liquidity quality | 6 of 10 | Two-percent bid depth 176,333 dollars at nine venues |
| Displacement risk | not determined (10) | No competitor with a live figure could be obtained; 2 or 10 points depending on the reading |
| Regulatory classification | 4 of 8 | Four for listings at Coinbase and Kraken; MiCA entry not found (not a nil return); US proceedings not checkable |
| User growth per valuation | 3 of 7 | Active addresses plus 23.1 percent (303.9 against 246.9 a day); very small in absolute terms, because usage runs predominantly off chain |
| Relative strength against Bitcoin | 4 of 6 | Seven days plus 2.78 percent against Bitcoin |
| External capital channel | 1 of 5 | Grayscale Basic Attention Token Trust in place, the page’s data as of November 28, 2025, no inflow figure |
| Volatility and lottery profile | 4 of 4 | The largest single day carries 24.5 percent of the thirty-day movement (a borderline case, half a percentage point) |
| Supply lock-up | not determined (2) | Amount locked not collected at any live source |
| Independence | 1 of 2 | A fixed supply in the contract; the token’s role in the product is determined by Brave alone |
| Total | 65 of 88 | |
42 of the 65 points come from supply, size and age.
Exit depth: 176,333 dollars
The sum of the bids within two percent below the best bid, collected individually across nine trading venues and added up (October 3, 2026, 08:09 to 08:10 UTC).
| Kraken | 101,792 |
| MEXC | 19,603 |
| Binance data mirror | 16,239 |
| Coinbase | 15,502 |
| Bitget | 10,775 |
| OKX | 5,899 |
| Gate | 4,031 |
| KuCoin | 2,059 |
| Gemini | 435 |
| Total | 176,333 |
- 58 percent of the depth sits at Kraken, there in ten equally large steps — presumably a single market maker. Without Kraken 74,541 dollars remain.
Individual figures rounded; the total is calculated from the unrounded figures.
Reservations
- According to Roadmap 4.0 of July 9, 2026 the token’s main use so far runs out by the end of the year; a buyback from a share of the revenue is announced, without a size. The table of BAT purchases kept by Brave ends on October 21, 2025.
- It is open whether Brave will keep the token in the product permanently.
What could not be collected
- number of competitors
- amount locked
- holdings of Brave
- US proceedings (sources blocked)
- MiCA registers apart from the Kraken list
Not collected means: not measured — not “zero” and not “does not exist”.
What belongs with this
A report is a work assignment, not a judgment about the asset.
A strong relationship between score and advantage over Bitcoin has not been demonstrated up to the measurement of October 10, 2026; a weak one shows up in one of three counting methods and does not survive the control for provenance.
No investment advice, no price forecast, no buy or sell recommendation.
The four questions that are always answered
Net supply and issuance pressure20 of 20
Starting valuation and size leverage10 of 14
Survivability12 of 12
Relative strength against Bitcoin4 of 6
all twelve criteria collected individually. What the twelve questions measure and what has been corrected about the measurement is on the method page.
The figures in detail
Price, as stored$0.0955
against Bitcoin, 7 days—
against Bitcoin, 30 days—
listed on CoinMarketCap sinceJune 2017
Age since listing9.26 years
Fees relative to valuationnot determined
Supply still locked0.3%
hard supply capnot researched
Carried by Nexocarried
Trading venues of 15 checked14 of 15
The fifteen largest centralized exchanges by the CoinMarketCap ranking were counted, as of September 5, 2026. Decentralized exchanges do not count. Bybit is not included in any figure, because the venue was not reachable through sixteen address forms. Which five venues are the best for each asset has not been collected yet.
Finding
The finding is above: where this stands, the twelve criteria one by one, exit depth and regulation.
Investors and partners: not researched — awards no points, because projects with large backers did not perform better.
Nexo: Carried by Nexo — purchase page documented on September 1, 2026.
No investment advice, no price forecast, no buy or sell recommendation. A high score does not mean “will rise”. It means the asset scores better on these questions than the others.