Join the Alliance
FAQ
Blog
Members
Awards
Tools
Reports
[email protected]
    •  
Audit Company

Sigma Prime

Sigma Prime is a blockchain security and research firm, born with the vision of conducting the comprehensive security research and applying it to the Blockchain industry to boost safe innovation.
DSA presents a unique series of reports on the smart contract and blockchain app auditor market. This report is published for the first time and is not affiliated with any specific vendor. The DSA expert team has performed an in-depth analysis of the blockchain security providers in the market. For that, a methodology was developed, and specific criteria were selected. The data provided in the report are actual for May 2024.
Contents
1
The main criteria for auditor review
2
Categories and sub-categories
3
Detailed analysis
4
Final Score
The main criteria for auditor review
1
Trustworthiness
At this point, we analyze the team, key players, as well as the experience of the company in the field.
2
Media Presence
In this paragraph, we analyze the social networks of the project, the engagement rate, and media publications.
3
Speed and service
In this paragraph, we analyze the speed of the audit as well as the speed of the team's response to the request.
4
Expertise
At this point, we analyze the company's experience with different networks, technological advancements, as well as additional services.
5
Price
In this paragraph, we analyze prices and additional services (We send the same sample contract to every auditor), sales, promo offers, bonuses, discounts, and legal transparency.
6
Quality
In this paragraph, we analyze audit quality, report analysis, and user experience.
Categories and sub-categories
6 categories are present in the review and each may be divided into sub-categories. Each category is evaluated to receive from 1 to 10 points. The same rule applies to each sub-category and the arithmetic mean value of the sub-categories will become a result of the main category. The main result will be calculated in the same manner.
Trustworthiness
  • Team members' separate experiences in the field
  • Current team’s experience in the field
  • Company experience (years of service, date of the first audit)
Media Presence
  • Social media (engagement rate, further – ER)
  • Media publications
Speed
  • Audit speed
  • First response speed (from a real person)
  • Follow-up response speed
Expertise
  • What blockchains does the company audit (rare chains and language get an additional point)
  • Technological advancements (developments, tools, automated tools)
  • Services (KYC, Incident research, marketing)
Price
  • Prices and additional services (We send the same sample contract to every auditor)
  • Sales, promo offers, bonuses, discounts
  • Legal transparency
Quality
  • Audit quality, report analysis
  • User experience

Detailed analysis

6 categories are present in the review and each may be divided into sub-categories. Each category is evaluated to receive from 1 to 10 points. Same rule applies to each sub-category and the arithmetic mean value of the sub-categories will become a result of the main category. The main result will be calculated in the same manner.

Trustworthiness

Average score 8,67/10

1

Team members' separate experiences in the field

The leadership team consists of three people. Two of them are especially notable:

Adrian Manning - Co-Founder, Software Engineer
Mehdi Zerouali - Co-Founder, Software Engineer


All members of the leadership team possess considerable experience of over 10 years in their respective fields. They also have experience working for large companies such as EY, Capgemini Invent, etc. Specifically, we want to point out that Adrian Manning is a Ph.D. candidate in Theoretical Particle Physics.
2
Current team’s experience in the field
At the company’s LinkedIn page as well as at the company’s official website, there is a list of over 30 employees. The team includes a large number of tech specialists, security engineers, software engineers, and blockchain security engineers. For the most part, the employees possess experience of over 3 years in their respective fields and 2+ years in the current company.
3
Company experience (years of service, date of the first audit)
According to the company’s LinkedIn and X page, the company was founded in 2016. According to the GitHub public repository October, 2017 is the date of the first audit. Since that time, the company has audited over 90 projects, including large ones such as, Omni Network, Eigen Layer, Taiko, Mantle Network, Aave, Lido, and others.

Media presence

Average score 5,8/10

1

Social Media

In the company’s X account, there is an average number of subscribers and a high engagement rating compared to similar accounts. Some large well-known projects and crypto influencers are subscribed to the account too. Among them are Joseph Lubin, Laura Shin, Jane Lippencott, The Graph, Lido, Infura, etc. The company often shares announcements, news about developments and updates, partnerships, and internal news.
2
Media publications
The company is mentioned in several publications in such media as Crypto Reporter, HackerNoon, Cointelegraph, etc. The articles are usually related to the audited projects with which the company has worked. We haven’t found any articles presented by the company itself.

Speed

Average score 4,66/10

1

Audit Speed

An audit takes approximately 2 weeks, which is an average speed among similar companies for the provided amount of work.
2
First response speed
After leaving a request on the website, the manager responded within 24 hours.
3
Follow-up response speed
After being provided with additional information regarding the project, and answering several questions, the manager responded within 12 hours with the required information.

Expertise

Average score 7,66/10

1

What blockchains does the company audit

The company works with a vast number of different chains, both ЕVМ and non EVM. The whole list is provided below:

EVM Based chains:
Ethereum, Arbitrum, Optimism, Polygon PoS, Polygon Zk Chains, Mantle, Avalanche, Gnosis, Harmony, Fantom, Celo

non-EVM Based chains:
Near, Aurora, Filecoin, Solana, Polkadot / Substrate, Starknet
2
Technological advancements
The company founded Lighthouse, an Ethereum 2.0 client with an open source.
3
Services
There is no information regarding any additional services, aside from smart contracts audits.

Prices and additional services

Average score 5,33/10

1

Audit prices, affordability

The price for the test audit is $316.000, considering a 20% discount. The price is considered high in comparison with similar companies. This price is affordably for only a few large projects.
2
Sales, promo offers, bonuses, discounts
A discount of 20% was offered during communication with the manager. After completing an audit, the company publishes announcements in their social media.
3
Legal transparency
The company accepts payments in crypto as well as fiat. Payments in non-stable digital tokens incur a 5 percent surcharge.

Quality

Average score 10/10

1

Audit quality, report analysis

  • Issue description (thoroughness, code examples): YES

  • Project description and contracts (what do they do): YES

  • Conclusions (automatically generated vs written by specialists): YES

  • Recommendations: YES

  • Quality of findings (a large number of automatically generated audits is a disadvantage): YES
A short overview of the project is provided. Descriptions of discovered issues show that a thorough manual review of a code takes place. Reports don’t have a conclusion and that is a small drawback.
The reports don’t offer proof of concepts however, the auditors write automatic tests.
Overall, the reports are thorough and highly professional.

2
User Experience
A quote can be requested only via a form on the website. There are no direct manager contacts which makes it difficult for them to approach the company if they want to ask questions prior to ordering an audit.

Final Score

Considering the results presented in every category, the following points have been assigned:
  • 8,67/10 Trustworthiness
  • 5,8/10 Media presence
  • 4,66/10 Speed
  • 7,66/10 Expertise
  • 5,33/10 Prices and additional services
  • 10/10 Quality
The Final Score:
7,02/10
This is the analytic report in a series of reports on the smart contract and blockchain apps auditor market. Presented to you by DSA, it’s guaranteed impartial and factual information on the most well-known, new, and obscure players.
Follow us on Twitter and be the first to know about new reports
Haсken Analysis Report
Hacken Defi Security company was founded in 2017 in Kyiv, Ukraine by security specialists and hackers to deliver cybersecurity solutions to companies and individuals, making histories of success.
RugFreeCoins Analysis Report
A company that conducts smart contract security audits and provides token listing and other related services.