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Spectral Labs

avoid.net/spectral-labs→68/100·62% conf.
[✓ FACT-CHECKED]· reviewed once · last review 1 Nov 2026[src:defillama]

Last changed 2026-11-01 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score was recalculated from the page's findings, 65 → 68. Version history →

Why this score
Every page starts at65
Concerns that are not fraud-9.6
Problems around it, caused by others-2.4
Long-running+10
Regulated+5
Sum68
  • 1 section set aside: the claims did not hold up in a fact-check, pending correction.

Score: 68/100 (kept between 0 and 100)

How scoring works →

Page reliability: Fact-checked 2026-11-01 · 2 of 6 claims confirmed · 3 need better sources · 1 out of date

anchored·4648Vn…fEBh

Summary

Spectral Labs (spectrallabs.xyz) is a U.S.-based Web3 protocol founded in 2021 that pivoted from an on-chain credit scoring product (MACRO Score) to an autonomous AI agent economy platform. The project has raised approximately $30 million from institutional investors including General Catalyst, Social Capital, and Jump Capital. Its governance token SPEC reached an all-time high of approximately $18.48 in November 2024 before collapsing more than 99% to under $0.10 by mid-2026, with Bybit delisting the token from both spot and futures markets, raising significant concerns around tokenomics, unlock-driven selling pressure, and product-market fit.

Connected Entities

10 entities · 60 linked investigations
Organizations
□Bybit80□Polygon65□Loopring□Ethereum□Bitget□ZachXBT□Hyperliquid□Spectral Labs
Tokens
♦Coinbase♦LAB Token (AI Terminal / Vova Sadkov)
Relationships
  • Bitget→associated with→Hyperliquid(70%)
  • Ethereum→mentioned with→Coinbase(60%)
  • ZachXBT→mentioned with→Ethereum(70%)
  • ZachXBT→mentioned with→Bybit(70%)
  • Hyperliquid→mentioned with→Ethereum(70%)
  • Spectral Labs→mentioned with→Loopring(60%)
  • Spectral Labs→mentioned with→Ethereum(70%)
  • Spectral Labs→mentioned with→Bybit(70%)
  • Spectral Labs→mentioned with→Bitget(60%)
  • Spectral Labs→mentioned with→Hyperliquid(80%)
  • + 14 more
Have evidence about Spectral Labs?

Timeline(12 events)

2021

Spectral Labs founded by Sishir Varghese and Srikar Varadaraj with focus on on-chain credit scoring.

24 August 2022

Spectral raises $23 million Series A led by General Catalyst and Social Capital, with participation from Samsung, Jump Capital, Franklin Templeton, and others.

November 2023

Spectral's Machine Intelligence Network launches on mainnet, marking the pivot toward an AI inference and agent economy.

7 May 2024

SPEC token generation event (TGE). Token lists on MEXC Global. 8 million SPEC airdropped to 52,992 eligible addresses.

August 2024

Spectral announces Syntax V2 and the migration of investor tokens from foundational custody to Anchorage Digital institutional custody.

30 November 2024

SPEC token reaches all-time high of approximately $18.48, coinciding with peak AI-crypto narrative momentum.

21 January 2025

Bybit delists SPEC/USDT spot trading pair, citing consistently low trading volumes and poor liquidity scores.

May 2025

Spectra Vault launches publicly on Hyperliquid exchange as an AI-operated autonomous trading vault.

September 2025

17.3% token unlock event releases approximately $1.58 million worth of SPEC at prevailing prices, increasing sell pressure in an already thin market.

October 2025

Bybit delists SPEC perpetual futures contracts, further reducing exchange coverage and liquidity.

14 May 2026

ZachXBT publishes major investigation into a separate LAB token project (LABtrade / The Lab Management Ltd.), alleging 95% insider control. This project is distinct from Spectral Labs but potential name confusion between the two entities has been noted by researchers.

29 May 2026

SPEC trading at approximately $0.075, down more than 99.6% from all-time high. Market cap approximately $1.55 million.

Provenance & Audit Trail

Decision Log

  • #5rescore+3Recorded on Solana ✓11/1/2026, 10:28:49 PM
    slot 464260289 · hash 4kPNZY27ZXcGWeTGgMFtM5RxC4ngEaq7SQHMhLmLzco4
  • #4review reviseRecorded on Solana ✓11/1/2026, 10:28:48 PM
    slot 464260284 · hash 7jUsh845bH68RWK1Vwd3GcESqq9qfPfbCfv69DfEbXQ6
  • #3reviewRecorded on Solana ✓11/1/2026, 10:28:48 PM
    slot 464260278 · hash 5h4pfLDC1tqJxfZmRv1ddjxSEVFnUpVGJLQfrBsrLS2A
  • #2rescore+23Recorded on Solana ✓10/10/2026, 6:45:15 PM
    slot 455365025 · hash 8pGwY3jKuES6nwQe6wJr1xJjDcpjejDP9MSkpi4hd4Zu
  • #1publishRecorded on Solana ✓5/30/2026, 4:56:35 AM
    slot 423087941 · hash AUNDk59di6RWQQYDZvSfKXwVSndBUNdm78LhARzFSph1

This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 20 of 23 cited source URLs have an Internet Archive snapshot.

Fact-checked 2026-11-016 claims checked1 correction pending0 applied⛓ anchoredSee findings →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:27 AM

last updated: 11/1/2026, 10:28:49 PM

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