{
  "url": "https://blockindex.ai/coin/dash",
  "name": "Dash",
  "links": {
    "github": "https://github.com/dashpay/dash",
    "website": "https://www.dash.org/",
    "whitepaper": "https://github.com/dashpay/dash/wiki/Whitepaper"
  },
  "dScore": 68,
  "market": {
    "priceUsd": 35.01099153805728,
    "marketCapUsd": 445892263.9791308,
    "volume24hUsd": 53666491.94598169,
    "priceChange7dPct": -0.00979815,
    "priceChange24hPct": -0.88636561
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 18900000,
    "circulating": 12735779.37644073,
    "circulatingPct": 67.38507606582397
  },
  "ticker": "DASH",
  "founder": "Evan Duffield; Kyle Hagan",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:25.568227+00:00",
  "fairLaunch": false,
  "launchYear": 2014,
  "description": "Dash is a long-running, payments-focused Layer-1 blockchain that launched in January 2014 as a fork of Litecoin. The project was created by Evan Duffield (with co-author Kyle Hagan) and quickly distinguished itself through a two-tier network architecture that separates Proof-of-Work miners from a second tier of incentivized masternodes. From its inception Dash targeted a consumer payments use-case, prioritizing near-instant settlement, low fees, and optional privacy. Over its operating history Dash has evolved beyond a simple payments coin into a platform with governance-funded development, merchant integrations, and a growing set of developer-facing features under Dash Platform. The project’s on-chain treasury and masternode governance model provide direct funding for proposals and operational organizations (such as Dash Core Group), enabling a sustained development effort that has produced multiple major releases through 2025.\n\nTechnically, Dash combines a UTXO-based PoW layer (originally using the X11 hashing algorithm) with a masternode layer that provides services and governance. Key protocol features include InstantSend for near-instant settlement, PrivateSend for optional coin-mixing privacy, and ChainLocks (driven by long‑living quorum rotation and LLMQs) which increase finality and protect the network against deep reorganizations and 51% attacks. In 2025 the project advanced platform capabilities with Dash Platform v2.0.0, introducing on-chain token infrastructure for dApps and enabling broader developer use-cases. Development cadence has remained active: Dash Core releases (v22.x and v23.x) and platform patches through 2025 demonstrate ongoing maintenance, emergent feature work, and responsiveness to critical issues (including emergency v2.0.1 patches addressing duplicate contract ID concerns).\n\nFrom an economic and governance perspective Dash uses block rewards to finance both security and ecosystem growth. Historically a substantial share of block rewards is allocated to miners and masternodes (commonly cited as a ~45/45 split) with a portion reserved for the on-chain treasury (commonly cited as ~10% in primary sources, with some historical references citing different percentages). The early launch experienced a \"fastmine\" issuance of roughly 2,000,000 DASH in the first 48 hours; using reported max supply figures (~18,921,005) that early issuance represents roughly ~10.6% of the eventual cap and is a persistent part of the project's distribution history. The treasury-driven budget model and masternode voting mechanism enable on-chain proposal funding, which has financed both core development and external ecosystem initiatives.\n\nDash’s adoption profile reflects broad exchange coverage, mature wallet support (notably DashPay mobile wallet and hardware support such as Ledger), and merchant integrations in some markets. Regulatory scrutiny over optional privacy features has been a recurring risk factor, and the project has navigated exchange delistings and compliance-driven access changes at various points in its history. Despite these headwinds Dash remains an established project with a multi-year track record of releases, an active on-chain governance mechanism, a large masternode network, and a recent strategic pivot toward enabling tokenized dApp capabilities via Dash Platform. Continued ecosystem growth will depend on maintaining merchant integrations, coordinating masternode upgrades, and managing privacy-related regulatory exposure while leveraging treasury funding to expand developer-facing tooling and real-world usage.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "PoW+Masternode",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 15,
    "governance": 12,
    "nodeDistribution": 30,
    "initialDistribution": 6
  },
  "decentralizationVerdict": "Decentralized"
}