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WorldcoinWLDUncommon
62/100STRICT
Uncommon
#52market cap17 Oct 2026

Worldcoin

WLD
AI, technical infrastructure weightsMarket-cap rank 52, CoinGecko 23 Oct 2026
Fundamentals, not price
PillarRatingPosition on the 0 to 100 scaleWeightAdds
Sustainability60×0.1810.80
Transparency63×0.148.82
Revenue52×0.147.28
Innovation75×0.2619.50
Community60×0.148.40
Tokenomics48×0.146.72
Weighted sum, weights total 1.0061.52Rounds to the published score62
Analysed
17 Oct 2026
Engine
v5.2.0
Computed
2026-10-17 05:18 UTC
Inputs hash
8f0d41f8d952

Pro opens Worldcoin in full. Change, scenario, signal, risk factors, catalysts.

See plans

Research, not financial advice. Read the terms.

Pillar evidence

Input set 17 Oct 2026. 6 sources, 12 citations.
Each arc is one pillar rating, drawn to scale from 0 to 100.
Sustainability60

Can this project keep operating and funding itself for years?

World Chain blockspace operations and global Orb deployments sustain user growth, though regulatory bans challenge long-term expansion.12

Transparency63

Can outsiders see and check what the team and the protocol do?

Open-source World ID smart contracts and zero-knowledge specifications are public on GitHub, while hardware operations remain centralized.34

Revenue52

Does the protocol earn real fees or income from use?

World Chain sequencer activity and enterprise World ID verification pilots provide early monetization paths without direct WLD fee burns.14

Innovation75

Is the technology being built and shipped, and does it matter?

Custom iris-biometric Orb hardware pairs with zero-knowledge Semaphore proofs and an OP Stack Layer 2 tailored for verified humans.23

Community60

Who uses, builds and holds it, and how durable is that base?

More than 18 million Orb-verified users and 40 million World App accounts participate globally despite regional biometric suspensions.25

Tokenomics48

Do supply, issuance and unlocks protect holders from dilution?

Only 38% of the 10 billion maximum WLD supply circulates, applying the high-dilution penalty despite the July 2026 unlock reduction.65

Sources
  1. 1docs.world.org/world-chainCited for Sustainability, Revenue
  2. 2whitepaper.world.org/Whitepaper.pdfCited for Sustainability, Innovation, Community
  3. 3github.com/worldcoin/world-id-contractsCited for Transparency, Innovation
  4. 4docs.world.org/world-idCited for Transparency, Revenue
  5. 5coingecko.com/en/coins/worldcoin-wldCited for Community, Tokenomics
  6. 6whitepaper.world.org/tokenomicsCited for Tokenomics

About Worldcoin

Analysis of 17 Oct 2026

World (formerly Worldcoin) is a decentralized proof-of-personhood protocol built around custom Orb biometric hardware, World ID, and World Chain. Zero-knowledge proofs verify unique human users online without exposing raw iris scans on public blockchains.

Full overviewShow less

Over 18 million Orb-verified individuals and 40 million World App accounts participate across the network. On July 21, 2026, Grayscale filed for a Worldcoin exchange-traded fund to expand institutional access.

Scheduled tokenomics adjustments on July 24, 2026 reduced daily WLD unlock emissions by 43%. Roughly 3.8 billion WLD circulate out of a 10 billion maximum supply, leaving 62% of tokens still locked.

Biometric data investigations across Europe, Asia, and Latin America continue to restrict geographic enrollment.

Investment thesis

World operates the largest biometric proof-of-personhood network, addressing bot prevention and human authentication as AI agents proliferate. World Chain provides dedicated OP Stack blockspace and gas allowances for verified human users.

Full thesisShow less

In July 2026, a 43% reduction in daily token unlocks and a Grayscale Worldcoin ETF filing improved market structure. Korean exchange demand and derivative open interest also supported secondary trading volume in October 2026.

Despite user scale, the investment case remains constrained by token dilution and weak value capture. About 6.2 billion WLD remain uncirculated out of the 10 billion cap, creating multi-year unlock supply pressure.

Data-protection authorities in Spain, Germany, Kenya, and South Korea have challenged or restricted iris biometric collection. World ID verifications still do not generate programmatic fee burns, supporting an AVOID posture at risk score 9.

Strengths
  • Biometric scale. Over 18 million Orb-verified users and 40 million World App accounts make World the largest proof-of-personhood network.
  • Dedicated layer. World Chain runs on the OP Stack and prioritizes blockspace and gas subsidies for verified human wallets.
  • Emission moderation. The July 24, 2026 schedule adjustment reduced daily WLD unlock emissions by 43%.
  • Institutional interest. Grayscale filed for a Worldcoin ETF on July 21, 2026 to provide regulated secondary exposure.
Risks
  • Supply overhang. Approximately 6.2 billion WLD remain locked out of the 10 billion cap, creating multi-year dilution pressure.
  • Regulatory bans. Privacy regulators in Europe, Asia, and Latin America have suspended or fined iris biometric enrollment.
  • Weak fee capture. World ID authentication growth does not automatically burn WLD or distribute protocol revenue to holders.
  • Hardware dependency. Global onboarding relies on physical Orb manufacturing and local operator compliance.
Competitive position

World holds category leadership in hardware-verified proof-of-personhood with more than 18 million biometric enrollments. Competitors such as Civic and Gitcoin Passport use document checks or social graphs that avoid hardware friction.

Full positionShow less

However, software-only identity tools offer weaker resistance against automated AI sybil attacks. World pairs a strong biometric moat on World Chain with high regulatory friction and heavy token dilution.

Conclusion

World has enrolled over 18 million verified users, while the July 2026 unlock rate cut and Grayscale ETF filing improved market structure. Dedicated throughput on World Chain supports consumer wallet activity.

Full conclusionShow less

However, 62% uncirculated supply across the 10 billion cap, biometric privacy bans, and weak fee capture keep risk at 9. An AVOID recommendation remains warranted until regulatory restrictions ease and direct token value accrual materializes.

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