Nervos Network

Nervos Network is a layered blockchain infrastructure that separates its architecture into two distinct tiers: a base layer called the Common Knowledge Base (CKB) that handles verification and secure custody of assets and identities, and an upper generation layer designed for high-performance transactions and privacy. The project aims to address the tension between security and scalability that single-layer blockchains face, targeting developers building decentralized applications who need a trust-anchored foundation with flexible off-chain computation. CKB is the native token of this base layer and was launched on 15 November 2019.

The Nervos CKB base layer is categorized as a Proof of Work blockchain, meaning miners compete using computational effort to produce and validate blocks, providing the security guarantees that upper layers inherit. CKB tokens represent on-chain storage capacity — holding CKB entitles a user to occupy a corresponding portion of the global state on the base layer, making the token integral to storing any asset or data on-chain rather than merely paying transaction fees. Off-chain computation results are then anchored back to this base layer, which acts as the settlement and custody root for the broader network.

The data provided does not include a direct protocol fee revenue figure, so fee-based yield or income measures cannot be reported here. What the data does show is that 98.31% of the total circulating supply relative to a measured base has already been issued (point-in-time), with a remaining dilution overhang of approximately 1.72% of supply still pending issuance (point-in-time). The fully diluted valuation to market-cap ratio stands at 1.02 (point-in-time), indicating that the gap between current circulating value and total potential supply value is narrow. The 24-hour turnover figure of 4.25% reflects the share of circulating supply that changed hands in the most recent 24-hour period.