https://arxiv.org/pdf/2603.28846

What partnerships / use cases does qrl have

Sell me on it without talking about the level of security, its my belief many cryptos will gear shift into quantm resistance quite easily

eg. Hedera's hbar can upgrade without pause or fork to network, so current security does not matter. When you are always fluid to ant change or threat.

What else makes QRL special

Tried downloading/finding the mobile app on the Apple App Store and it says it’s not available in my region (UK)? What?

Sometimes crypto feels a bit like the Wild West.

I've been thinking about CoinMarketCap's supply verification process and whether it may unintentionally create incentives for projects to pursue Tier 1 exchange listings earlier than they otherwise would.

This is just my own speculation, but here's my thinking.

From observing several projects, it appears that CMC may consider the Volume/Market Cap ratio as one factor in its supply verification process.

Why might that matter?

When a project gains popularity and its price rises quickly, market cap can increase much faster than trading volume. As a result, the Volume/Market Cap ratio naturally declines unless trading activity also grows significantly.

Projects have a few ways to increase trading volume:

• List on larger exchanges with deeper liquidity.
• Attract more organic trading activity.
• Or, in the worst cases, engage in artificial volume generation (wash trading), which reputable projects obviously should avoid.

Since CoinMarketCap is owned by Binance, I wonder whether this dynamic could indirectly encourage projects to secure larger exchange listings sooner rather than later. I'm not suggesting there's evidence of favoritism or coordination—only that the incentives are interesting.

The QRL example

One possible example is QRL (Quantum Resistant Ledger).

QRL operated for roughly eight years with verified supply, but after its price briefly reached around $3.50, it eventually lost that verification status and, consequently, its CMC ranking.

One possible explanation is that trading volume didn't remain high enough after the price spike. Another possibility is that CMC's verification requirements changed or additional documentation was requested. From the outside, it's impossible to know.

QRL has also chosen to postpone a Tier 1 exchange listing until after QRL 2.0 is ready. If that's the case, it means the project remains in a relatively lower-volume trading environment for longer than many comparable projects.

Again, I have no evidence that this is the reason QRL lost verification. It's simply one hypothesis that seems plausible based on publicly available information.

Looking ahead

Despite these short-term issues, I'm still optimistic about QRL.

• QRL 2.0 audits continue to make progress.
• The project remains focused on post-quantum cryptography.
• Once the upgrade is complete, Tier 1 exchange listings become a much more realistic possibility.

In my view, QRL remains one of the strongest projects focused exclusively on quantum-resistant blockchain technology.

https://preview.redd.it/umx0hgyaqlah1.png?width=1254&format=png&auto=webp&s=f09b57f7e9be4076cdde49dee30bf89693850f55

TL;DR

QRL is facing several short-term headwinds: the broader crypto bear market, uncertainty around MEXC's MiCA license, the lack of a confirmed QRL 2.0 launch timeline, and the ongoing CoinMarketCap verification process.

At the same time, there are reasons to be optimistic. The audits are 50% complete, a more detailed roadmap is in preparation, the Foundation is working on additional exchange listings and resolving the CoinMarketCap issue, the community continues to grow despite the bear market, and continued advances in quantum computing strengthen the long-term case for quantum-safe blockchains like QRL.

As always, do your own research. This is just my personal view, not financial advice.

MEXC MiCA Update

Less than two days remain until the MEXC MiCA deadline (July 1, 2026). MEXC's license application is still under review, so it remains to be seen whether they receive approval in time or whether the process is extended.

In the meantime, it's expected that QRL trading on MEXC will remain unavailable for EU users until the licensing situation is resolved. Based on the information available so far, withdrawals are expected to continue functioning normally. MEXC should provide users with an update soon.

My personal assumption is that MEXC may not receive the license before the deadline. If they do, they may need to change some trading pairs (for example, from USDT to USDC) to comply with MiCA requirements. It's also possible that the EU grants an extension for applications already under review, but that's purely my speculation.

If MEXC has to restrict access for EU users, it would likely reduce QRL's availability in the short term. Longer term, I would expect either MEXC to obtain the license or QRL to become available on another exchange serving EU customers. My guess is that any new exchange listing would be more likely after the QRL 2.0 mainnet launch than before.

Why Is QRL Still Below $1?

The price is currently well below $1, and it's not difficult to understand why. In my view, the main factors are:

• The broader crypto bear market.
• Uncertainty surrounding MEXC's MiCA licensing.
• Uncertainty around the QRL 2.0 mainnet launch timeline and the lack of a more detailed public roadmap.
• The ongoing CoinMarketCap verification issue.

Why I'm Still Optimistic

Despite the current challenges, I believe there are several reasons to remain optimistic.

• Crypto markets are cyclical. Investor interest has historically returned after downturns, and I expect the same to happen again.
• Exchange availability should improve over time. The QRL team has stated that they are actively working on additional exchange listings. While the MEXC situation may create short-term friction, I don't expect it to define the project's long-term accessibility.
• Development continues to progress. The QRL 2.0 audits are reported to be 50% complete, and the Foundation has acknowledged that a more detailed roadmap is overdue and currently being prepared. The project continues moving toward mainnet.
• The CoinMarketCap issue appears to be progressing. The team has provided a new API contact point and the requested documentation. Assuming liquidity and trading activity improve over time—potentially with broader exchange availability—the remaining verification requirements should become easier to satisfy.
• The community continues to grow. QRL's social media following has grown steadily despite the prolonged crypto bear market. That's quite unusual and suggests the project continues to attract new people and build awareness even during unfavorable market conditions. A larger and more engaged community provides a stronger foundation when market sentiment eventually improves.
• Quantum computing keeps advancing. Breakthrough announcements continue to accelerate, reinforcing the long-term investment case for quantum-safe blockchain infrastructure. As awareness of quantum risk grows, I expect projects that have been preparing for this transition for years to receive increased attention.

Final Thoughts

Overall, I see today's challenges as largely execution- and timing-related rather than fundamental.

The current market price reflects a combination of uncertainty rather than a deterioration in the project's underlying technology. If the team successfully delivers QRL 2.0, expands exchange availability, resolves the remaining CoinMarketCap issues, and the broader crypto market recovers, the current environment could look very different in hindsight.

As always, this is just my personal opinion—not financial advice.

One thing I've been tracking over the past 10 months is the growth of QRL's official community channels.

What's particularly interesting is that this happened while the overall crypto market lost roughly 50% of its total market capitalization over the same period.

Growth from 25 Aug 2025 → 26 Jun 2026

• X: 21,700 → 23,600 (+1,900, +8.8%)
• Discord: 3,429 → 4,900 (+1,471, +42.9%)
• Telegram: 1,994 → 2,230 (+236, +11.8%)
• YouTube: 1,820 → 2,380 (+560, +30.8%)
• CoinMarketCap: 878 → 6,300 (+5,422, +617.5%)
• Stocktwits: 226 → 588 (+362, +160.2%)
• GitHub: 123 → 179 (+56, +45.5%)

Key takeaways

CoinMarketCap grew more than 7×, making it by far the fastest-growing channel.

Stocktwits increased by 160%, suggesting growing interest from traders despite weak market conditions.

Discord (+43%) and GitHub (+46%) point to steady expansion of both the community and developer ecosystem.

YouTube (+31%) reflects increasing interest in educational and project-related content.

X (+9%) and Telegram (+12%) continued to grow steadily throughout one of the toughest periods for the crypto market.

Why I think this matters

Growing a community during a bull market is expected.

Growing it while the total crypto market has been cut roughly in half is much harder.

To me, this suggests that interest in QRL has been driven by its long-term fundamentals—particularly its focus on post-quantum security and the upcoming QRL 2.0 upgrade—rather than by speculative market momentum alone.

Of course, follower growth doesn't guarantee future success, but it's an encouraging indicator that awareness of the project continues to increase even during a difficult market environment.

Official QRL Channel Followers (25 August 2025 to 26 June 2026):

https://preview.redd.it/uupbab1uj6ah1.png?width=1300&format=png&auto=webp&s=a4a60dea90d8b464e90d1b69e856eb185c2c67ab

Meanwhile the overall crypto market has been bearish.

https://preview.redd.it/jz6o0l1sk6ah1.png?width=787&format=png&auto=webp&s=280c5f4b69b92750fe80caa14d8cb8ed77d93b5b

TLDR: There is no need to worry it is awful.

Quantum Resistant Ledger is a layer one that was created using only post-quantum cryptography. That sounds good! Quantum security since day one. Unfortunately it's not that simple.

The PQC signature scheme they choose is XMSS, this generates signatures 10k bytes long, Falcon signatures of similar security are 660 bytes long a far better choice for blockchains that are network traffic constrained and blockspace is expensive.

QRL do use some tricks to limit public key sizes as these must be written to the blockchain which limits public keys to 2.1kb However both Falcon implementations will have smaller keys.

>Falcon-512 public key ~897 bytes
Falcon-1024 public key ~1,793 bytes

The consequence of this is that QRL is very slow, it has 60 second blocktimes and approx 15tps. (I did have some trouble getting solid stats on this so if someone has a reputible source please share)

So could they migrate to better schemes? Yes but even if they adopted Falcon. It would make a small difference because they haven't done the other tricks Algorand does with cryptographic sortition so the various committees involved in consensus are limited in size which then limits network traffic while still being randomly selected so they cannot be distributed denial-of-service (DDoS) attacked.

Summary

QRL is a one-trick-pony and that trick is PQC and even then they have made poor choices.

Algorand's sensible migration plan will limit the performance impact and deliver results in a timescale similar to the timescales nations (like France) expect critical infrastructure to migrate to PQC.

🌱

QuEra's new roadmap targets (June 24, 2026):

2028:
- 256 logical qubits
- Fault-tolerant quantum computing

2028/29:
- 1,000+ logical qubits
- Gigascale fault-tolerant systems

That 1,000+ logical qubit milestone sits within the range many researchers believe could threaten ECC-based cryptography, making quantum-safe blockchains like QRL more relevant than ever.

https://preview.redd.it/y7f6aqleh99h1.png?width=1304&format=png&auto=webp&s=a9be41da07e229a6b5c1a0e935d3d3ef01810b94

That, how do I generate the keys, or well, the address so I can better store my coins. Do you guys use a cold wallet or what?