Celer Network (CELR)
Cross-chain messaging and bridge protocol. cBridge for L2 transfers.
Ranked 192nd of 251 rated tokens. Scoring pass 18 Sept 2026.
What the numbers say
CELR scores 90 of 250 across the 25-variable framework, which places it 192nd of 251 rated tokens and inside the bottom quartile of the set. The framework verdict is PASS.
The score rests on Insider Selling 5/10, 42nd of 251, Holder Concentration 4/10, 58th of 251 and Vesting Schedule 6/10, 59th of 251.
Against the same universe, CELR sits in the bottom third on Institutional Adoption 2/10, 192nd of 251 and Treasury Runway 4/10, 181st of 251. These are the variables that would have to move for the verdict to change.
Only 79.2% of CELR's maximum supply is in circulation, so 1.26x the current float is still scheduled to arrive. Holding price per token flat while the rest enters circulation implies 20.8% of the fully diluted value sitting ahead of today's holders. That is a real but manageable overhang.
CELR trades 98.5% below its all-time high of $0.1948. Recovering that level is a 66.7x move, not a 98.5% one, which is the arithmetic most drawdown charts hide.
The framework score gained 90 points against the previous pass (0 to 90). Revisions of this size follow a change in the underlying variables, not a change in price.
CELR clears 7 of 10 on none of the 25 variables. Its best three are Vesting Schedule at 6, Circulating / FDV Ratio at 6, Insider Selling at 5. The market prices none of those, so there is nothing here it is failing to notice either. This is a low score on things nobody is bidding for. It is weak on Active Users, Market Share, Institutional Adoption, Catalyst Calendar and Social Mindshare, which the market does price, so that damage is already done and visible in the valuation.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 3 | 98th of 251 | |
| Revenue Trend | 3 | 117th of 251 | |
| P/S Multiple | 4 | 104th of 251 | |
| Real Staking Yield | 3 | 143rd of 251 |
Supply
| Supply Inflation | 4 | 146th of 251 | |
| Vesting Schedule | 6 | 59th of 251 | |
| Circulating / FDV Ratio | 6 | 88th of 251 | |
| Buyback and Burn | 2 | 114th of 251 |
Ownership
| Smart Money Flows | 3 | 149th of 251 | |
| Insider Selling | 5 | 42nd of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 3 | 111th of 251 | |
| Active Users | 3 | 149th of 251 | |
| Developer Activity | 4 | 158th of 251 | |
| Network Growth | 3 | 156th of 251 |
Position
| Market Share | 3 | 131st of 251 | |
| Competitive Moat | 3 | 175th of 251 | |
| Institutional Adoption | 2 | 192nd of 251 | |
| Exchange Depth | 4 | 157th of 251 | |
| Social Mindshare | 3 | 157th of 251 |
Risk
| Regulatory Safety | 5 | 102nd of 251 | |
| Catalyst Calendar | 3 | 158th of 251 | |
| BTC Alpha Potential | 3 | 114th of 251 | |
| Team Execution | 4 | 147th of 251 | |
| Treasury Runway | 4 | 181st of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
Celer's cBridge and Layer2 rollups; cross-chain interoperability for Ethereum and beyond.
Principal risk
Bridge security incidents; competition from Stargate and LayerZero.
Market and supply
| Price | $0.002891 |
| Market cap | $22.9Mrank 811 |
| All-time high | $0.194825 Sept 2021 |
| Circulating supply | 7,917,424,107 |
| Eventual supply (max supply) | 10,000,000,000 |
| Dilution to full supply | 1.26x |
| Listed on | Binance, KuCoin, Gate.io |
Price, market cap, supply and all-time high from CoinGecko, fetched 7 Oct 2026. The 25 scores come from the research pass dated 18 Sept 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to CELR measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
CELR compared head to head
Both sides of each comparison were scored by the same framework in the same pass, so the gap between them is a measurement rather than two readings taken with different rulers.
Common questions
- What is the Early Thunder score for Celer Network (CELR)?
- CELR scores 90 out of 250 on the 25-variable framework, ranking 192nd of 251 rated tokens (bottom quartile). The framework verdict is PASS.
- What are CELR's strongest fundamentals?
- CELR ranks highest on Insider Selling 5/10, 42nd of 251, Holder Concentration 4/10, 58th of 251 and Vesting Schedule 6/10, 59th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the CELR thesis?
- CELR scores in the bottom third of the universe on Institutional Adoption 2/10, 192nd of 251 and Treasury Runway 4/10, 181st of 251. The single risk carried on the scorecard is: Bridge security incidents; competition from Stargate and LayerZero.
- How much CELR supply is still to enter circulation?
- 79.2% of eventual CELR supply is circulating today, leaving 1.26x the current float still to arrive. At a flat price per token that is 20.8% of fully diluted value ahead of current holders.
- How far is CELR from its all-time high?
- CELR trades 98.5% below its all-time high of $0.1948. Returning to that high requires a 66.7x move from the level used in this scoring pass.
- Which tokens have a similar profile to CELR?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to CELR are ALPHA (91), TRB (90), FARM (93) and LEVER (87). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for CELR?
- Celer's cBridge and Layer2 rollups; cross-chain interoperability for Ethereum and beyond.
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.