The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.
Research, not financial advice. Read the terms.
About DMT-NAT
Analysis of 28 Apr 2026DMT-NAT (NAT) is a Bitcoin-native fungible token launched in November 2023 and distributed to miners starting February 27, 2025 (block 885,588), designed as a supplemental miner subsidy to address declining Bitcoin block rewards from halving cycles. Built on Digital Matter Theory (DMT), the protocol generates tokens from Bitcoin blockchain data using the bits field within each block, which reflects network difficulty adjustment.
Full overviewShow less
Each Bitcoin block creates a corresponding NAT allocation distributed automatically to the miner, providing an additional economic incentive layer beyond BTC block rewards. Operating through the TAP protocol for Bitcoin Ordinals, NAT aims to sustain Bitcoin network security and miner economics as native block subsidies diminish.
The token has a dynamic supply with no maximum cap, as issuance depends on ongoing Bitcoin block production. Price reached an all-time high of $0.0634 on April 21, 2026 before crashing 58% to current levels around $0.076.
Market cap data varies widely across sources from $2.69M to $66.87M, indicating fragmented tracking and limited liquidity.
