Every BR Research report scores its subject on six categories, weights them by series, and publishes the BR Score (0–100) and BR Rating grade. Every number in a report carries the date it was observed and the source it came from. Ratings are opinions grounded in public data; they are not investment advice.
The six categories
Architecture, security record, throughput, upgrade cadence, developer tooling.
Users, developers, transactions, integrations, revenue or fees — level and trend.
Supply schedule, issuance, fee capture, treasury, unit economics, dilution.
Decision process, concentration, transparency, legal structure, regulatory posture.
Liquidity, venue quality, volatility, holder distribution, correlation to the BR indexes.
Inverted: technical, legal, counterparty and concentration risks — the higher the score, the lower the risk.
Weights by series
| Series | Technology | Adoption | Economics | Governance | Markets | Risk |
|---|---|---|---|---|---|---|
| Asset reports | 20% | 25% | 20% | 10% | 15% | 10% |
| Company reports | 25% | 20% | 25% | 15% | 5% | 10% |
| Index reports | 15% | 25% | 20% | 10% | 20% | 10% |
| Sector reports | 15% | 25% | 20% | 10% | 20% | 10% |
Grades
Outlook
Positive, stable or negative: the analyst’s view of the direction of the BR Score over the next two quarters, given the evidence in the report.
BR indexes
BR Crypto 10
The ten largest liquid crypto assets by free-float market cap, 25% cap, rebalanced quarterly.
Index report in productionBR AI Leaders
Frontier AI developers (public and private) benchmarked on capability cadence, revenue and compute.
Index report in productionBR Blockchain Equities
US-listed exchanges, miners, treasury companies, stablecoin issuers and crypto-revenue fintech, float-weighted.
Index report in productionSources and dating
Reports use primary sources — protocol data, filings, company disclosures, on-chain explorers, regulators — over commentary, and cite them inline. Each report lists at least twelve sources with the date accessed. Reports are versioned; an update replaces the previous version and keeps the same URL.
Free
Free
Free