ATH vs MCB
Aethir and MCDEX scored on the same 25 variables, ranked against the same 251 tokens, with every gap between them shown.
Scoring pass 18 Sept 2026. Market snapshot 7 Oct 2026.
What separates them
ATH scores 101 of 250 and ranks 135th of 251. MCB scores 76 and ranks 225th. ATH leads by 25 points, which is a real gap, though small enough that one variable moving would close much of it. ATH takes 16 of the 25 variables, MCB takes 4, and 5 are level.
The framework rates ATH WATCH and MCB PASS. Two tokens close enough to compare do not have to land in the same band, and where they do not, the divergence table below is where the split comes from.
3 variables separate them by 3 points or more. ATH is clear on Revenue Trend (5 against 2), Network Growth (5 against 2) and Catalyst Calendar (5 against 2).
Both score 3 or below on Buyback and Burn, Real Staking Yield, Market Share, Institutional Adoption. A weakness both sides share is not a reason to prefer either. It is a reason to check whether the category itself carries the problem.
ATH still has 52.1% of its eventual supply to enter circulation against 20.8% for MCB. On the same market capitalisation, a buyer of ATH is taking the 2.09x dilution path and a buyer of MCB the 1.26x one.
ATH is valued at $132.9M against $8.9M for MCB, a 14.9x difference. The larger of the two also scores higher, so the market and the framework agree on the ordering here.
All 25 variables, head to head
Both tokens were scored by the same framework in the same pass, so the numbers are directly comparable. What a comparison adds over two separate pages is the gap: a 6 against a 6 is a non-event, a 9 against a 3 is the reason to hold one and not the other.
Cash flow
| Protocol Revenue | 4 | 2 | ATH +2 | |
| Revenue Trend | 5 | 2 | ATH +3 | |
| P/S Multiple | 4 | 4 | level | |
| Real Staking Yield | 3 | 3 | level |
Supply
| Supply Inflation | 4 | 5 | MCB +1 | |
| Vesting Schedule | 4 | 6 | MCB +2 | |
| Circulating / FDV Ratio | 4 | 6 | MCB +2 | |
| Buyback and Burn | 2 | 2 | level |
Ownership
| Smart Money Flows | 4 | 2 | ATH +2 | |
| Insider Selling | 4 | 5 | MCB +1 | |
| Holder Concentration | 4 | 4 | level |
Traction
| TVL Trend | 4 | 2 | ATH +2 | |
| Active Users | 4 | 2 | ATH +2 | |
| Developer Activity | 5 | 3 | ATH +2 | |
| Network Growth | 5 | 2 | ATH +3 |
Position
| Market Share | 3 | 2 | ATH +1 | |
| Competitive Moat | 4 | 3 | ATH +1 | |
| Institutional Adoption | 3 | 2 | ATH +1 | |
| Exchange Depth | 4 | 2 | ATH +2 | |
| Social Mindshare | 4 | 2 | ATH +2 |
Risk
| Regulatory Safety | 5 | 4 | ATH +1 | |
| Catalyst Calendar | 5 | 2 | ATH +3 | |
| BTC Alpha Potential | 4 | 2 | ATH +2 | |
| Team Execution | 5 | 3 | ATH +2 | |
| Treasury Runway | 4 | 4 | level |
Bars read outward from the centre: ATH to the left, MCB to the right. The side that leads a variable is filled. Each score is 1 to 10 against the same definition applied to all 251 rated tokens.
Market and supply
| ATH | MCB | |
|---|---|---|
| Price | $0.006602 | $2.34 |
| Market cap | $132.9M | $8.9M |
| Circulating | 47.9% | 79.2% |
| Dilution to full supply | 2.09x | 1.26x |
| Off all-time high | -94.4% | -96.6% |
| To recover the high | 17.9x | 29.4x |
| Total value locked | not published | not published |
| Network | Arbitrum | Arbitrum |
Price, market cap and all-time high from the CoinGecko snapshot fetched 7 Oct 2026. Supply shares are derived from circulating and eventual supply counts, which do not move with price. The 25 scores come from the research pass dated 18 Sept 2026.
Catalyst and risk on each side
ATH · WATCH
Aethir decentralized GPU compute demand from AI and gaming sectors, with enterprise partnerships.
Competition from centralized cloud providers and technical challenges in node network reliability.
MCB · PASS
MUX Protocol's leveraged trading aggregator with cross-chain perpetuals.
Smart contract risk and competition from GMX and other perp DEXs.
Common questions
- Is ATH or MCB the better investment?
- On this framework ATH scores higher: 101 against 76 of 250, and it is rated WATCH against PASS. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and ATH still wins 16 of the 25 individual variables against MCB.
- What is the biggest difference between ATH and MCB?
- Revenue Trend. ATH scores 5 of 10 there and MCB scores 2, a gap of 3 points on a single variable.
- Which is bigger, ATH or MCB?
- ATH is valued at $132.9M and MCB at $8.9M on the latest market snapshot.
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Research and analysis, not investment advice. A higher score is one framework applied consistently to 251 tokens, not a prediction that one asset will outperform the other.