# Harmony (ONE): D-Score 38/100 — Centralized Leaning

**BlockIndex D-Score: 38/100 (Centralized Leaning).** Harmony (ONE) is a Layer 1 cryptocurrency using PoS consensus. Harmony (ONE): Scalable Layer-1 blockchain using random-state sharding and EPoS for fast, decentralized dApps.

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

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 38 |
| Node distribution | 10 |
| Initial distribution | 0 |
| Governance | 11 |
| Age and history | 12 |
| Autonomy | 5 |

## Key facts
- Layer: Layer 1
- Consensus: PoS (Other)
- Launch: IEO (2019)
- Founder: Stephen Tse; Rongjian Lan; Nick White; Sahil Dewan
- VC funded: Yes
- Max supply: N/A
- Circulating: 14,961,470,422

## Market data (as of 2026-06-19)
- Price: $0
- Market cap: $20.98M
- 24h volume: $1.18M
- 24h change: -5.00% · 7d change: -4.99%

## About
Harmony (ONE) is an open, native Layer-1 blockchain designed for high-throughput decentralized applications. Founded by Stephen Tse with co-founders Rongjian Lan, Nick White and Sahil Dewan, Harmony’s core mission centers on scaling public blockchains through random-state sharding and an Effective Proof-of-Stake (EPoS) consensus that aims to increase decentralization of stake and improve transaction throughput. The project completed fundraising through seed/private rounds and a Binance Launchpad IEO and launched its mainnet in June 2019. Harmony has pursued cross-chain interoperability with the Horizon Bridge and maintained an active grants program to support developer adoption and ecosystem growth.

Technically, Harmony implements random-state sharding to allow cross-shard contract execution and uses VRF-based validator reshuffling to limit long-term collusion and centralization of stake. The EPoS consensus includes incentives favoring smaller validators and standard slashing/unavailability checks, aiming to balance security with wider validator participation. The network’s average block time is reported at ~14.3 seconds and explorer snapshots indicate hundreds of millions of transactions and tens of millions of wallet addresses, demonstrating sustained on-chain activity. Developer and infrastructure tooling surface through the official explorer (explorer.harmony.one), staking guides, and third-party analytics pages such as Messari and CoinMarketCap.

In practice, Harmony supports a range of ecosystem use cases including decentralized finance (DeFi), cross-chain token transfers via the Horizon Bridge, and general-purpose dApps that benefit from sharding-driven throughput. The project’s tokenomics and allocation have been documented across multiple sources, with circulating supply snapshots showing roughly 14.8B ONE in circulation in some snapshots and allocation breakdowns that include seed, launchpad, team, protocol and ecosystem allocations. Harmony opened staking to the public in May 2020, which has driven on-chain staking activity and validator participation as part of network security and issuance policy.

The protocol has faced material security challenges: the Horizon Bridge exploit in June 2022 resulted in a large loss of bridged assets and highlighted the bridge architecture as a primary risk vector. Recovery and mitigation actions including cooperation with centralized exchanges were documented in early 2023. Governance is primarily protocol-level EPoS staking and delegation mechanics; the Harmony Foundation is referenced as an organizational steward operating infrastructure and participating in ecosystem activities. The project is VC-funded, with documented rounds and investors such as Binance Labs and HashKey Capital, and maintains visibility on major analytics platforms while pursuing further decentralization and bridge hardening as strategic priorities.

Looking forward, Harmony’s roadmap and community efforts emphasize improving sharding performance, hardening cross-chain bridge security, expanding staking participation and grants-driven developer adoption. While granular technical details such as chain ID, token decimals, explicit premine percentage and some on-chain emission rules were not present in the provided source slices, the assembled evidence portrays Harmony as a technically ambitious Layer-1 chain with meaningful early institutional support, significant on-chain usage, and an operational focus on inter-chain connectivity and sharding research.

## Links
- Website: https://harmony.one/
- Whitepaper: N/A
- GitHub: https://github.com/harmony-one

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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