AXS vs GMT
Axie Infinity and STEPN 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
AXS scores 76 of 250 and ranks 225th of 251. GMT scores 101 and ranks 135th. GMT leads by 25 points, which is a real gap, though small enough that one variable moving would close much of it. AXS takes 0 of the 25 variables, GMT takes 21, and 4 are level.
The framework rates AXS PASS and GMT WATCH. 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.
No single variable separates AXS and GMT by as much as 3 points. The lead is broad rather than concentrated: GMT is ahead on 21 of 25 variables by one or two points each, which is what produces the composite gap without any one variable carrying it.
Both score 3 or below on Protocol Revenue, Revenue Trend, Smart Money Flows, Real Staking Yield, TVL Trend, Institutional Adoption and 1 more. 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.
AXS is valued at $207.3M against $25.0M for GMT, a 8.3x difference. The smaller of the two scores higher on fundamentals, which is the disagreement worth understanding before either position is taken.
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 | 3 | 3 | level | |
| Revenue Trend | 2 | 3 | GMT +1 | |
| P/S Multiple | 3 | 4 | GMT +1 | |
| Real Staking Yield | 3 | 3 | level |
Supply
| Supply Inflation | 4 | 4 | level | |
| Vesting Schedule | 3 | 5 | GMT +2 | |
| Circulating / FDV Ratio | 4 | 5 | GMT +1 | |
| Buyback and Burn | 3 | 4 | GMT +1 |
Ownership
| Smart Money Flows | 2 | 3 | GMT +1 | |
| Insider Selling | 3 | 5 | GMT +2 | |
| Holder Concentration | 3 | 4 | GMT +1 |
Traction
| TVL Trend | 2 | 3 | GMT +1 | |
| Active Users | 3 | 4 | GMT +1 | |
| Developer Activity | 4 | 5 | GMT +1 | |
| Network Growth | 2 | 4 | GMT +2 |
Position
| Market Share | 3 | 5 | GMT +2 | |
| Competitive Moat | 3 | 4 | GMT +1 | |
| Institutional Adoption | 2 | 3 | GMT +1 | |
| Exchange Depth | 5 | 5 | level | |
| Social Mindshare | 3 | 4 | GMT +1 |
Risk
| Regulatory Safety | 4 | 5 | GMT +1 | |
| Catalyst Calendar | 3 | 4 | GMT +1 | |
| BTC Alpha Potential | 2 | 3 | GMT +1 | |
| Team Execution | 3 | 4 | GMT +1 | |
| Treasury Runway | 4 | 5 | GMT +1 |
Bars read outward from the centre: AXS to the left, GMT 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
| AXS | GMT | |
|---|---|---|
| Price | $1.19 | $0.008041 |
| Market cap | $207.3M | $25.0M |
| Circulating | 64.7% | 51.9% |
| Dilution to full supply | 1.54x | 1.93x |
| Off all-time high | -99.28% | -99.8% |
| To recover the high | 138.9x | 500x |
| Total value locked | not published | not published |
| Network | Ethereum | Solana |
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
AXS · PASS
Axie Infinity Origins gaining mainstream mobile adoption and classic Axie revival
AXS/SLP tokenomics were Ponzi-structural; 99.3% ATH drawdown reflects the model was never sustainable
GMT · WATCH
STEPN move-to-earn app user growth and token burn mechanisms from in-app spending.
Unsustainable tokenomics and user fatigue from declining reward rates in fitness apps.
Common questions
- Is AXS or GMT the better investment?
- On this framework GMT 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 AXS still wins 0 of the 25 individual variables against GMT.
- What is the biggest difference between AXS and GMT?
- Nothing separates them by more than 2 points on any of the 25 variables, which is unusual and means the two are close substitutes on fundamentals.
- Which is bigger, AXS or GMT?
- AXS is valued at $207.3M and GMT at $25.0M 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.