Chiliz
Rank #29 by TVL HealthyL1EVMchilizCHZEIP155EIP1559MainnetA specialized Layer 1 (L1) blockchain network with Chain ID 88888, built for the sports and entertainment industry. It uses the Proof of Staked Authority (PoSA) consensus mechanism and is compatible with the Ethereum Virtual Machine (EVM). The network's native currency is CHZ (CHZ), which serves as the gas token, the primary medium for purchasing fan tokens, and the asset for validator staking. The main product of the ecosystem is the Socios.com platform, which has issued tokens for over 80 major sports organizations, including FC Barcelona, Paris Saint-Germain, and Manchester City. The network was founded by French digital entrepreneur Alexandre Dreyfus around 2018. The parent company is The Chiliz Group Limited, registered in Malta (number C 77290); formerly known as HX Entertainment and part of the Mediarex group. In 2018, a private funding round of approximately $66 million was conducted with participation from Binance Labs , Jump Capital, and FBG Capital. Initially, the network operated as a sidechain and a set of ERC-20/BEP-2 tokens, migrating in May 2023 to a sovereign EVM-compatible version - Chiliz Chain (CC2). Key hard forks: Dragon8 (May 21, 2024) - implementation of Tokenomics 2.0 with inflation, EIP-1559-style fee burning, and emission reduction to 1.88% over 14 years; Pepper8 (August 19, 2025) - migration of the Turkish blockchain Paribu Net (PRB tokens converted to CHZ); Snake8 (October 2025) - refinement of validator reward distribution logic. In terms of positioning, Chiliz competes with Flow and Solana , distinguishing itself by integrating DeFi primitives with fan governance ("SportFi"). Technical Architecture A Layer 1 (L1) blockchain with Proof of Staked Authority (PoSA) consensus - a hybrid of Proof of Stake and Delegated Proof of Authority. Validators include major institutional participants: Animoca Brands, OKX, Paris Saint-Germain, K-League (South Korea), and others. The network is fully compatible with the Ethereum Virtual Machine (EVM), simplifying dApp porting. In April 2026, an omnichain architecture was implemented, allowing fan tokens and CHZ to be bridged to Solana and Base for access to broader DeFi liquidity. Upgrades Dragon8 (May 21, 2024): Tokenomics 2.0 - transition from fixed emission to structured inflation (8.80% annually, decaying to 1.88% over 14 years); implementation of an EIP-1559-style fee-burning mechanism. Pepper8 (August 19, 2025): Paribu Net migration - conversion of PRB tokens to CHZ and transfer of all Turkish blockchain liquidity. Snake8 (October 2025): refinement of the validator reward distribution algorithm. Native Currency The CHZ (CHZ) token performs three main functions: it serves as gas for executing transactions, is the primary unit of account for trading fan tokens, and is used for validator staking. The total supply is 8.8 billion tokens, minted at launch in October 2018. According to Tokenomics 2.0, annual inflation started at 8.80% and will gradually decrease. Fees burned via the EIP-1559 mechanism and a mandatory CHZ buyback and burn program (10% of all revenue from fan tokens) create deflationary pressure. In May 2026, a burn of 4.6 million CHZ was recorded. The airdrop of the ecosystem token PEPPER (October 2024) distributed 30% of the supply to CHZ holders and stakers (ratio of 150,000 PEPPER per 1 CHZ), with the remaining 70% distributed through a three-month farming period. Ecosystem and dApps The total value locked (TVL) in the network is $182.35M . Key protocols: Kayen - the leading decentralized exchange (DEX) and liquidity hub for sports assets; Jambo - a secondary DEX; FanFest - a SocialFi application for interaction during live events; Azuro - a decentralized liquidity pool for betting and prediction markets. The Socios.com platform is the core of the fan token ecosystem, supporting over 170 sports organizations. Stablecoins are represented by bridge assets: USDT (Tether) and USDC (Circle) are available via Chiliz Bridge, ChainPort, and Stargate. The Bridged USDC standard is used for compatibility with Ethereum, Polygon, and Base. The Chiliz Labs grant program ($50 million) and hackathons: Hacking Paris (July 2025, prize pool $150,000) and SPFC Hackathon (September 2025). Grant sizes range from €150 (participation) to $10,000 (milestones). Security and Incidents As of July 2026, no successful exploitation of the Chiliz Chain core protocol or its canonical bridges has been recorded. Incidents have been limited to application-level phishing and individual wallet compromises. The foundation maintains a bug bounty program and a dedicated security reporting channel. Regulatory background: following SEC lawsuits against Binance and Coinbase (June 2023), in which CHZ was deemed a security, Chiliz Group actively lobbied for clarifications. On March 17, 2026, a joint SEC and CFTC guidance classified fan tokens as "digital collectibles and instruments," removing the direct threat to token issuance in the US. Related Individuals Alexandre Dreyfus (Founder and CEO of Chiliz and Socios.com). Born in Lyon in 1977. Since 1995, a digital entrepreneur with experience in gaming, sports, and entertainment. From November 2006 to July 2012, CEO and owner of Chiligaming. Public X account: @alex_dreyfus. The parent entity is The Chiliz Group Limited (Malta, registration number C 77290, address: 14 East, Level 7, Triq Tas-Sliema, Gzira, GZR1639, Malta). Formerly HX Entertainment, part of the Mediarex group (parent company Mediarex Enterprises Limited, number C 73768). Responsible for token issuance, compliance with Maltese regulations and MiCA, as well as the 2018 private round. Potential Regulatory Clarity : The classification of fan tokens as collectibles (March 2026) opens the path for token issuance by US franchises, especially ahead of the 2026 FIFA World Cup. Omnichain Architecture (April 2026): Bridges to Solana and Base allow attracting liquidity from leading DeFi ecosystems. Real-World Asset Tokenization : In November 2025, a partnership was announced with the regulated European platform Assetera to issue tokenized sports securities - shares of broadcast revenue and bonds tied to athlete performance. Buyback and Burn Program : 10% of all revenue from fan tokens is directed to the perpetual buyback and burn of CHZ (confirmed burn of 4.6 million CHZ in May 2026). Risks [Identified by Finkonkurs AI Analytics System] Validator Centralization : The PoSA consensus implies a limited set of validators appointed by the foundation; although major companies are included, the lack of permissionless joining increases censorship risk and reduces decentralization. Dependence on Socios.com : The majority of activity and liquidity is concentrated on a single platform; a failure or loss of interest in it directly threatens the entire ecosystem. Inflationary Model : Despite the decay, the initial inflation rate of 8.80% puts pressure on the CHZ price, and the buyback and burn program may not compensate for the emission during periods of low activity. Competitive Pressure : Flow and Solana are actively developing sports NFTs and fan tokens; general-purpose L1s (Ethereum, Polygon) offer more mature DeFi tools for the same use cases. Regulatory Risks : Despite the positive SEC/CFTC guidance, the classification could be challenged, especially concerning CHZ as the underlying asset; the decision could change with a change in administration.
Socios.com wants to allow fans from around the world to participate in the $4.2 billion fundraising for FIFA
Biggest World Cup in history consolidates blockchain as a source of relationship and revenue for football
Xabi Alonso’s Chelsea debut sparks renewed interest in fan tokens and Chiliz ecosystem
Rodri’s reported Real Madrid move could reshape the fan token market, and Chiliz is watching closely
PSG’s inquiry about Manchester City’s Rodri puts fan tokens in the spotlight
Arsenal’s Saliba injury puts spotlight on fan tokens and the crypto-sports connection
Socios.com makes historic launch of first Fan Tokens® with five major US universities
England beats France 6-4 in record-breaking 2026 World Cup bronze medal match, and crypto fan tokens felt the impact
The 2026 World Cup’s biggest moments are playing out on-chain too
La Liga president calls for FIFA chief’s resignation, and crypto’s football empire could feel the tremors
| # | App | Cat. | TVL | 7d Δ | Users 24h |
|---|---|---|---|---|---|
| 1 |  | Chain | $96.56M | -20.30% | — |
| 2 |  | CEX | $78.77M | +0.10% | — |
| 3 |  | Dexs | $6.23M | -16.05% | — |
| 4 |  | CEX | $760.23K | +1.13% | — |
| 5 |  | Dexs | $33.25K | -20.56% | — |
| 6 |  | Dexs | $5.53K | -19.54% | — |
| 7 |  | SoFi | $3.85K | -19.33% | — |
| 8 |  | Prediction Market | $1.36K | +3.82% | — |
Validator Distribution
Per-validator stake share, Nakamoto coefficient and concentration metrics.
Network Roadmap
Upcoming upgrades, hard forks and governance proposals for this network.
Bridge Flows
Real-time inflow, outflow and net bridge volume across all connected chains.
RPC details
Tokens on this network
View all| # | Name | Price | 24h |
|---|---|---|---|
| 1 |  | $62.53K | −1.30% |
| 2 |  | $1.84K | −1.40% |
| 3 |  | $0.9990 | +0.00% |
| 4 |  | $582.97 | −0.40% |
| 5 |  | $0.9991 | +0.00% |
| 6 |  | $1.07 | −1.30% |
| 7 |  | $72.44 | −1.30% |
| 8 |  | $0.3253 | −0.50% |
| 9 |  | $1.00 | −3.10% |
| 10 |  | $52.32 | −0.20% |
| 11 |  | $0.0692 | −1.40% |
| 12 |  | $1.00 | +0.00% |
News
View allSocios.com wants to allow fans from around the world to participate in the $4.2 billion fundraising for FIFA
Livecoins4 min readBiggest World Cup in history consolidates blockchain as a source of relationship and revenue for football
Livecoins4 min readXabi Alonso’s Chelsea debut sparks renewed interest in fan tokens and Chiliz ecosystem
CryptoBriefing4 min readAboutChiliz
OverviewA specialized Layer 1 (L1) blockchain network with Chain ID 88888, built for the sports and entertainment industry. It uses the Proof of Staked Authority (PoSA) consensus mechanism and is compatible with the Ethereum Virtual Machine (EVM). The network's native currency is CHZ (CHZ), which serves as the gas token, the primary medium for purchasing fan tokens, and the asset for validator staking. The main product of the ecosystem is the Socios.com platform, which has issued tokens for over 80 major sports organizations, including FC Barcelona, Paris Saint-Germain, and Manchester City.
The network was founded by French digital entrepreneur Alexandre Dreyfus around 2018. The parent company is The Chiliz Group Limited, registered in Malta (number C 77290); formerly known as HX Entertainment and part of the Mediarex group. In 2018, a private funding round of approximately $66 million was conducted with participation from Binance Labs, Jump Capital, and FBG Capital. Initially, the network operated as a sidechain and a set of ERC-20/BEP-2 tokens, migrating in May 2023 to a sovereign EVM-compatible version - Chiliz Chain (CC2). Key hard forks: Dragon8 (May 21, 2024) - implementation of Tokenomics 2.0 with inflation, EIP-1559-style fee burning, and emission reduction to 1.88% over 14 years; Pepper8 (August 19, 2025) - migration of the Turkish blockchain Paribu Net (PRB tokens converted to CHZ); Snake8 (October 2025) - refinement of validator reward distribution logic. In terms of positioning, Chiliz competes with Flow and Solana, distinguishing itself by integrating DeFi primitives with fan governance ("SportFi").
Technical Architecture
A Layer 1 (L1) blockchain with Proof of Staked Authority (PoSA) consensus - a hybrid of Proof of Stake and Delegated Proof of Authority. Validators include major institutional participants: Animoca Brands, OKX, Paris Saint-Germain, K-League (South Korea), and others. The network is fully compatible with the Ethereum Virtual Machine (EVM), simplifying dApp porting. In April 2026, an omnichain architecture was implemented, allowing fan tokens and CHZ to be bridged to Solana and Base for access to broader DeFi liquidity.
Upgrades
- Dragon8 (May 21, 2024): Tokenomics 2.0 - transition from fixed emission to structured inflation (8.80% annually, decaying to 1.88% over 14 years); implementation of an EIP-1559-style fee-burning mechanism.
- Pepper8 (August 19, 2025): Paribu Net migration - conversion of PRB tokens to CHZ and transfer of all Turkish blockchain liquidity.
- Snake8 (October 2025): refinement of the validator reward distribution algorithm.
Native Currency
The CHZ (CHZ) token performs three main functions: it serves as gas for executing transactions, is the primary unit of account for trading fan tokens, and is used for validator staking. The total supply is 8.8 billion tokens, minted at launch in October 2018. According to Tokenomics 2.0, annual inflation started at 8.80% and will gradually decrease. Fees burned via the EIP-1559 mechanism and a mandatory CHZ buyback and burn program (10% of all revenue from fan tokens) create deflationary pressure. In May 2026, a burn of 4.6 million CHZ was recorded. The airdrop of the ecosystem token PEPPER (October 2024) distributed 30% of the supply to CHZ holders and stakers (ratio of 150,000 PEPPER per 1 CHZ), with the remaining 70% distributed through a three-month farming period.
Ecosystem and dApps
The total value locked (TVL) in the network is $182.35M. Key protocols: Kayen - the leading decentralized exchange (DEX) and liquidity hub for sports assets; Jambo - a secondary DEX; FanFest - a SocialFi application for interaction during live events; Azuro - a decentralized liquidity pool for betting and prediction markets. The Socios.com platform is the core of the fan token ecosystem, supporting over 170 sports organizations.
Stablecoins are represented by bridge assets: USDT (Tether) and USDC (Circle) are available via Chiliz Bridge, ChainPort, and Stargate. The Bridged USDC standard is used for compatibility with Ethereum, Polygon, and Base. The Chiliz Labs grant program ($50 million) and hackathons: Hacking Paris (July 2025, prize pool $150,000) and SPFC Hackathon (September 2025). Grant sizes range from €150 (participation) to $10,000 (milestones).
Security and Incidents
As of July 2026, no successful exploitation of the Chiliz Chain core protocol or its canonical bridges has been recorded. Incidents have been limited to application-level phishing and individual wallet compromises. The foundation maintains a bug bounty program and a dedicated security reporting channel. Regulatory background: following SEC lawsuits against Binance and Coinbase (June 2023), in which CHZ was deemed a security, Chiliz Group actively lobbied for clarifications. On March 17, 2026, a joint SEC and CFTC guidance classified fan tokens as "digital collectibles and instruments," removing the direct threat to token issuance in the US.
Related Individuals
- Alexandre Dreyfus (Founder and CEO of Chiliz and Socios.com). Born in Lyon in 1977. Since 1995, a digital entrepreneur with experience in gaming, sports, and entertainment. From November 2006 to July 2012, CEO and owner of Chiligaming. Public X account: @alex_dreyfus.
The parent entity is The Chiliz Group Limited (Malta, registration number C 77290, address: 14 East, Level 7, Triq Tas-Sliema, Gzira, GZR1639, Malta). Formerly HX Entertainment, part of the Mediarex group (parent company Mediarex Enterprises Limited, number C 73768). Responsible for token issuance, compliance with Maltese regulations and MiCA, as well as the 2018 private round.
Potential
- Regulatory Clarity: The classification of fan tokens as collectibles (March 2026) opens the path for token issuance by US franchises, especially ahead of the 2026 FIFA World Cup.
- Omnichain Architecture (April 2026): Bridges to Solana and Base allow attracting liquidity from leading DeFi ecosystems.
- Real-World Asset Tokenization: In November 2025, a partnership was announced with the regulated European platform Assetera to issue tokenized sports securities - shares of broadcast revenue and bonds tied to athlete performance.
- Buyback and Burn Program: 10% of all revenue from fan tokens is directed to the perpetual buyback and burn of CHZ (confirmed burn of 4.6 million CHZ in May 2026).
Risks [Identified by Finkonkurs AI Analytics System]
- Validator Centralization: The PoSA consensus implies a limited set of validators appointed by the foundation; although major companies are included, the lack of permissionless joining increases censorship risk and reduces decentralization.
- Dependence on Socios.com: The majority of activity and liquidity is concentrated on a single platform; a failure or loss of interest in it directly threatens the entire ecosystem.
- Inflationary Model: Despite the decay, the initial inflation rate of 8.80% puts pressure on the CHZ price, and the buyback and burn program may not compensate for the emission during periods of low activity.
- Competitive Pressure: Flow and Solana are actively developing sports NFTs and fan tokens; general-purpose L1s (Ethereum, Polygon) offer more mature DeFi tools for the same use cases.
- Regulatory Risks: Despite the positive SEC/CFTC guidance, the classification could be challenged, especially concerning CHZ as the underlying asset; the decision could change with a change in administration.
FAQ
What is Chiliz?
Chiliz is a Layer 1 (L1) blockchain with Chain ID 88888, designed specifically for the sports and entertainment industry. It uses the Proof of Staked Authority (PoSA) consensus mechanism and migrated to its own EVM-compatible version in May 2023. The network serves as the infrastructure for fan tokens and SportFi applications.
What is the native coin of the network?
The native coin is CHZ, which is used as a gas token for transactions, the primary trading pair for fan tokens, and an asset for validator staking.
What is the network's TVL?
The total value locked (TVL) in the network is $182.35M, placing it 29 among blockchains. This data reflects liquidity concentrated in DeFi protocols such as Kayen Protocol.
How fast and cheap is the network?
The network processes up to — transactions per second with an average block time of —. The average transaction fee is —, making it cost-effective for mass adoption in sports applications.
How secure is the network?
Security is ensured by the PoSA consensus with — validators, including major organizations such as Animoca Brands and OKX. As of July 2026, no hacks of the blockchain itself or its bridges have been recorded, with incidents limited to phishing at the application level.
What applications run on the network?
The main application is Socios.com, a fan token platform with over 80 sports organizations. The DeFi sector is led by Kayen Protocol (DEX and lending), along with Jambo, FanFest, and Azuro for sports betting. In April 2026, an omnichannel architecture was implemented for bridges with Solana and Base.
How is it different from other networks?
Unlike Flow, which focuses on NFTs, Chiliz develops the SportFi concept - integrating DeFi with fan governance. The network has deeply integrated the CHZ token into the commercial operations of over 170 partner organizations, which is rare among general-purpose L1s.