
BUSD BUSD
BUSD leads with team governance and economic models, with roadmap delivery remaining the main focus and currently holding an E rating.
Sector Rank #1320 · Global Rank #2264
Overall Rating
E · 11 / 100BUSD overall rating E (out of 11), ranking high in team governance, economic model, and market ecosystem across six dimensions. The main point of deduction is roadmap delivery (0 points)—mainly affected by sub-items such as development continuity (0 points) and development heat trends (0 points).
Rating Team Conclusion: "BUSD has relative advantages in team governance, economic model, and market ecosystem, but its current shortcomings are concentrated in roadmap delivery." " It is recommended to observe cautiously and not use it as a core configuration basis for now.
Six-Dimension Rating Breakdown
Roadmap Delivery
0/100Roadmap On Time Delivery Rate?The project has stopped new releases, with no active roadmap or development plans.Weight 35%No active roadmap · 0 / 100
Last 4 upgrades achieved?The project has stopped issuing new projects and has had no major upgrades in the past year.Weight 30%&None · 0 / 100
Milestones to Deliver?The project has stopped new issuances and is not yet awaiting delivery milestones.Weight 20%&None · 0 / 100
History Extension Record?The project has stopped new issuances, and historical delay records do not apply.Weight 15%Not applicable · 0 / 100
Technical Implementation
59.5/100Consensus Mechanism?As an ERC-20 token, its security relies on Ethereum's PoS consensus mechanism.Weight 30%PoS (Ethereum) · 90 / 100
Main network years of operation?BUSD was launched in 2019, had a longer runtime, but its issuance has since been discontinued.Weight 15%About 7 years (since 2019) · 80 / 100
Recent upgrades?The project has stopped new issuances and has not undergone any substantive agreement upgrades in the past year.Weight 35%No substantial upgrades · 10 / 100
Client Diversity?As an ERC-20 token, its client diversity depends on the Ethereum ecosystem.Weight 20%Depends on Ethereum clients · 85 / 100
Tokenomics
44/100Deflationary Mechanism?There is a burn mechanism to maintain peging, but new issuance has been stopped.Weight 30%Burn Mechanism (New Issuance Discontinued) · 30 / 100
Inflation rate?Paxos has stopped issuing new BUSD with an inflation rate of 0%.Weight 25%0% (new issuance has stopped) · 100 / 100
Staking rate/position lock-up rate?As a stablecoin, it does not offer staking or lock-up mechanisms.Weight 25%Not applicable · 0 / 100
Supply Upper Limit?Supply is determined by US dollar reserves and is currently in a reduced state.Weight 20%No rigid upper limit (determined by reserves) · 50 / 100
Team Governance
43/100Core Development Team?Published by Paxos, but development of the BUSD project has been halted.Weight 30%Paxos (Development Ended) · 30 / 100
Governance mechanisms?The governance mechanism is highly centralized, led by Paxos, with no community governance.Weight 25%Centralization (Paxos) · 40 / 100
Financial Transparency?Paxos regularly publishes reserve audit reports, offering high transparency.Weight 25%Regular audits of reserve funds · 80 / 100
Concentration of key people?The project heavily relies on Paxos, with a high concentration of key players.Weight 20%Paxos · 20 / 100
Market Ecosystem
7.75/100Active Address?As the project stopped issuing, the number of active addresses was extremely low and continued to decline.Weight 30%Extremely low and continuously declining · 5 / 100
Ecological chain/L2 quantity?It was once widely integrated across multiple chains but is now gradually exiting the ecosystem.Weight 25%Once widely supported, it is gradually withdrawing · 20 / 100
DeFi TVL?With projects halting issuance, DeFi TVL remains extremely low and continues to decline.Weight 25%Extremely low and continuously declining · 5 / 100
Developer community?The project has stopped new releases, and the developer community is inactive.Weight 20%Inactive · 0 / 100
Security & Compliance
16/100Historical Major Failure?There are risks of agency contract and permission leakage, posing significant security risks.Weight 25%There is a potential backdoor code · 10 / 100
Regulatory Attitude?NYDFS has ordered Paxos to stop issuing BUSD, but regulatory attitudes have been unfriendly.Weight 30%Unfriendly (NYDFS Suspension Order) · 5 / 100
Sec Attitude?The SEC issued a Wells Notice to Paxos, stating that BUSD may be an unregistered security.Weight 30%Controversy (Wells Notice) · 5 / 100
Client Bug Frequency?The BUSD contract has a low bug frequency but has ceased development.Weight 15%Low (contract level) · 70 / 100
E Peer Comparison
Export CSV BUSDE · 11 | FAYAE · 13.3 | GaleonE · 13.28 | ||
|---|---|---|---|---|
| Overall Score | 11 | 13.3 | 13.3 | 13.28 |
| Roadmap Delivery | 0 | 37.5 | 0 | 37.5 |
| Technical Implementation | -- | -- | -- | -- |
| Tokenomics | 20.55 | 0 | 24.75 | 0.9 |
| Team Governance | 50.8 | 30 | 49.6 | 42.4 |
| Market Ecosystem | 1.34 | 17.52 | 8.2 | 9.85 |
| Security & Compliance | 0 | 0 | 0 | 0 |


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