At 4:15 p.m. Eastern time on Wednesday, ECX had a market capitalization of approximately $639 million, placing it near the lower end of the top 100 cryptocurrencies by market value. Its debut received limited attention as the industry focused on a reported $6.3 billion Binance security breach.
Ecash Mainnet Goes Live With Nearly 1 EH/s of Computing Power
Ecash completed a three-phase rollout before launching its mainnet on October 29, 2026, one day ahead of the 18th anniversary of the Bitcoin white paper. By November 4, the network was actively producing blocks with approximately 943 petahash per second (PH/s) of computing power, approaching the 1 exahash per second (EH/s) milestone.
Sztorc's project uses a planned distribution model that allocated ECX at a 1:1 ratio to nearly every Bitcoin holder, excluding Satoshi Nakamoto. This approach distinguishes it from the BIP110-Bitcoin Knots fork associated with Luke Dashjr, which was also part of the Bitcoin fork activity discussed in the market.
Limited Exchange Support Adds Pressure to ECX Trading
ECX trading remains concentrated on a limited number of venues. Neoxa Exchange supports the token, and its ECX-USDC pair ranks as the platform's third-most-active market by trading volume.
The cryptocurrency's market capitalization was approximately $639 million when it traded near $32. However, limited exchange availability and relatively thin liquidity leave the asset exposed to sharp price movements when trading activity shifts.
Binance Security Breach Overshadows Ecash Launch
The Ecash mainnet debut coincided with a major security incident involving Binance, which reportedly suffered a $6.3 billion breach. The incident attracted substantially more attention across the cryptocurrency industry than the launch of Sztorc's Bitcoin fork.
The breach also overshadowed other Bitcoin fork-related developments, including activity surrounding Luke Dashjr's BIP110 faction. Market participants were largely focused on the potential consequences of the Binance incident for the wider crypto industry and digital asset markets.
ECX Ranks Fourth Among Bitcoin Forks by Market Capitalization
Among Bitcoin and its forks, ECX ranked fourth by market capitalization, according to figures published on the Ecash website. It remained behind Bitcoin, Bitcoin Blake2b and Bitcoin Cash. Bitcoin SV and the earlier Ecash blockchain, which split from Bitcoin Cash, had lower market valuations than the new ECX network.
Despite ECX's position, the older networks have generally achieved broader adoption. Bitcoin Blake2b, which trades under the BTCB2 ticker or the controversial XBT designation, also had a significantly higher price per coin.
BTCB2 traded at approximately $317 per coin at the time of the report, compared with ECX near $32. Both projects operate in relatively small ecosystems with limited exchange support and thin liquidity, conditions that can amplify price volatility.
ECX's steep decline highlights the challenges facing newly launched Bitcoin forks. Its initial distribution and market valuation do not, by themselves, establish sustained demand. Wider exchange access, deeper liquidity and practical utility remain important factors in determining whether the network can build lasting market adoption.
source: news,bitcoin
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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The articles on Hokanews are here to keep you updated on the latest buzz in crypto, tech, and beyond—but they’re not financial advice. We’re sharing info, trends, and insights, not telling you to buy, sell, or invest. Always do your own homework before making any money moves.
Hokanews isn’t responsible for any losses, gains, or chaos that might happen if you act on what you read here. Investment decisions should come from your own research—and, ideally, guidance from a qualified financial advisor. Remember: crypto and tech move fast, info changes in a blink, and while we aim for accuracy, we can’t promise it’s 100% complete or up-to-date.
