CORE3 has introduced a standardized risk database aimed at improving transparency and accountability across the Web3 ecosystem. The newly launched platform reportedly covers 1,426 cryptocurrency projects along with 253 centralized exchanges, evaluating each entity based on the probability and impact of adverse events.
The announcement was made during the ETHCC Cannes conference, where the team presented both the platform and its methodology. It was conveyed that all ratings, along with the underlying assessment framework, have been made publicly accessible. Additionally, project teams are allowed to update their information and request reassessments without incurring any cost, signaling an effort to encourage continuous data accuracy and participation.
At the center of the system lies a key indicator known as the likelihood of loss index. This metric ranges from 1 to 100 and is designed to measure the probability of negative outcomes alongside their potential severity. Based on current findings, the industry average stands at 70.87, which the developers interpreted as an indication of relatively low resilience across the Web3 landscape.
Multi-Dimensional Risk Evaluation Framework
The CORE3 platform evaluates projects using a six-pillar framework that includes security, financial stability, operational efficiency, regulatory exposure, external dependencies, and reputational factors. The developers explained that this holistic model enables a broader understanding of risks, extending beyond purely technical vulnerabilities to include governance structures and financial health.
It was further outlined that the methodology spans 29 different categories of Web3 projects, ensuring wide applicability across various segments of the industry. Centralized exchanges are assessed using a tailored model to reflect their unique operational and custodial risks. The system relies heavily on verifiable data inputs, and in cases where information is unavailable, the absence itself is treated as a potential risk indicator.
Moving Beyond Traditional Audits
CORE3’s framework has reportedly been developed through the analysis of more than 4,000 incidents, including hacks and service outages across the crypto industry. Co-founder Dima Budorin indicated that conventional audit processes often overlook critical factors that can ultimately contribute to project failures. He suggested that a broader, data-driven approach was necessary to address these gaps.
The team also highlighted that CORE3 represents an evolution of the earlier CER.live initiative, which primarily focused on evaluating the security of cryptocurrency exchanges. By expanding the scope to include a wider array of Web3 entities, the platform now integrates multiple dimensions of risk into a unified assessment system.
Toward Self-Regulation and Industry Collaboration
According to the creators, the introduction of transparent and standardized risk metrics could support the industry’s transition toward self-regulation. They suggested that without such frameworks, the increasing frequency of security breaches and operational failures may prompt stricter government intervention.
Looking ahead, the CORE3 team is planning an industry discussion scheduled for April 2026, which is expected to include participants from organizations such as Moody’s, C4, and CryptoRank. This initiative is intended to foster dialogue around risk assessment standards and their role in shaping the future of Web3.
In parallel, CORE3 is working to deepen its integration with CoinGecko. The planned enhancements include the addition of new exchange rating parameters and improvements to the existing Trust Score system, further strengthening the platform’s analytical capabilities and reach within the crypto ecosystem.
