# Alphabet xStock (GOOGLX): D-Score 48/100 — Moderately Decentralized

**BlockIndex D-Score: 48/100 (Moderately Decentralized).** Alphabet xStock (GOOGLX) is a Layer 2 cryptocurrency using Other consensus. Alphabet xStock: Tokenized Alphabet equity exposure issued across multiple chains through Backed xStocks infrastructure.

_Source: https://blockindex.ai/coin/googlx · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 48 |
| Node distribution | 0 |
| Initial distribution | 25 |
| Governance | 16 |
| Age and history | 7 |
| Autonomy | 0 |

## Key facts
- Layer: Layer 2
- Consensus: Other (N/A)
- Launch: Other (2025)
- Founder: Backed / xStocks
- VC funded: No
- Max supply: N/A
- Circulating: 385,721

## Market data (as of 2026-06-19)
- Price: $365.44
- Market cap: $140.96M
- 24h volume: $13.32M
- 24h change: +0.22% · 7d change: +1.44%

## About
Alphabet xStock (GOOGLX) is a tokenized stock product in the Backed/xStocks ecosystem that provides on-chain price exposure to Alphabet Inc. Class A shares. The combined source data describes it as a tracker certificate issued as Solana SPL and ERC-20 tokens, backed 1:1 by underlying assets and positioned as a regulated tokenized equity product for eligible non-U.S. users. Unlike an independent cryptocurrency network, GOOGLX is not a base-layer blockchain with its own miners, validators, or native consensus. Its launch history in the extracted data is inferred from market records, with the earliest observed market benchmark on July 2, 2025, when CoinMarketCap and CoinGecko listed its all-time low.

Technically, GOOGLX relies on host-chain infrastructure rather than operating its own protocol. The extracted contract and explorer coverage spans Ethereum, Solana, BNB Smart Chain, Arbitrum, TON, and Mantle, with explorers including Etherscan, Solscan, BscScan, Arbiscan, Tonscan, Tonviewer, Mantlescan, Ethplorer, Binplorer, and Arkham. This makes the asset a tokenized financial instrument with multi-chain representations, not a proof-of-work or proof-of-stake blockchain. Its token standards include ERC-20 and Solana SPL according to the summary, with additional contract availability on other networks.

The principal use case is tokenized exposure to Alphabet stock through crypto-market infrastructure. GOOGLX can be held through supported wallets such as Ledger, Electrum, Argent, MetaMask, Phantom, and Bitgo, and it appears across both centralized and decentralized exchanges. Verified exchange access includes Bybit, Kraken, Coinbase, Binance, KuCoin, Gemini, LBank, BloFin, Biconomy.com, Ourbit, Byreal, Raydium CLMM, BingX, Jupiter, Raydium, and PancakeSwap, generally with GOOGLX/USDT and GOOGLX/USD pairs. The broader xStocks ecosystem also appears in integrations or launches through KuCoin, Kraken, TON/Telegram Wallet, Deutsche Boerse 360X, Bitso, Typus Finance, and Alchemy Pay.

GOOGLX tokenomics are fundamentally tied to tokenized certificate issuance rather than block rewards, mining emissions, staking rewards, or a native monetary policy. The source data states that xStocks are backed 1:1 by underlying securities, but it does not provide a public initial distribution percentage, ICO allocation, premine percentage, or formal token sale details. Market-data extracts show supply figures from different aggregators, including CoinMarketCap data with total and circulating supply of about 385,630 GOOGLX and CoinGecko data with total supply of 465,136 and circulating supply of 67,947. Because these values conflict, the summary uses the most explicit CoinMarketCap supply value for current supply while leaving unknown distribution metrics unset or conservative.

Governance and development are issuer-managed and off-chain. The DScore extraction identifies Backed/xStocks as the relevant company infrastructure and states that no DAO, no GitHub repository, no CEO for the token project, no native node count, and no security incident history specific to GOOGLX were found. Future evolution in the extracted material is less about protocol upgrades and more about distribution, regulatory venue access, chain availability, and ecosystem integrations for xStocks as a tokenized securities platform.

## Links
- Website: https://assets.backed.fi/products/alphabet-xstock
- Whitepaper: https://docs.backed.fi/
- GitHub: N/A

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore