Cryptocurrency market data platform CoinMarketCap has added a new metric to their site for measuring the fundamentals of cryptocurrency projects.

The new rating system dubbed the Fundamental Crypto Asset Score (FCAS) measures cryptocurrency projects “health” by considering user activity, developer behavior, and market maturity. Basically, the service provides insight into the growth and development of a project:

“We intake raw blockchain data across relevant projects and parse them internally. Once we clean, analyze, and recreate the raw data elements, we combine them with market data gathered from various sources to inform our models.”

User activity takes into consideration all customer behaviour for a specific cryptocurrency and comprises project utilization and network activity factors. The score is calculated by analyzing activity within a particular blockchain and labeling wallet addresses to determine the number of users, exchanges, contracts, and other types of participants.

Developer behavior indicates the level of activity and efficiency of a development community on a specific blockchain or project, and comprises such factors as code changes, code improvements, and community involvement. The benchmark tracks 30 variables to further explore the relations between traditional developer metrics and community activity.

The last criterion, market maturity, is sourced from risk and money supply factors. Generally, the metric represents the likelihood a crypto asset will provide consistent returns across various market scenarios by combining assessments of market risk and an analysis of the stability of the money supply of each tracked cryptocurrency.

The project is backed by such industry players as leading American cryptocurrency exchange Coinbase, incubator and venture capital firm Digital Currency Group, and Silicon Valley-based venture capital firm True Ventures, among others.

At press time, the scale of 1–1,000 health points shows that leading cryptocurrency Bitcoin (BTC) has a health of 885, behind Ethereum (ETH) with 909 health points. The third largest coin by market capitalization, Ripple (XRP) is sitting at the 751 points on the health scale at press time.

Stablecoin Tether, which recently hinted that it may no longer be solely-backed by the U.S. dollar, has a health of 437, giving it an “F” letter grade on the scale.