BICO vs RAD
Biconomy and Radicle 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
BICO scores 109 of 250 and ranks 97th of 251. RAD scores 97 and ranks 155th. BICO leads by 12 points, which is a real gap, though small enough that one variable moving would close much of it. BICO takes 11 of the 25 variables, RAD takes 0, and 14 are level.
The framework rates BICO WATCH and RAD 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.
No single variable separates BICO and RAD by as much as 3 points. They are close on the framework's terms, which makes price, liquidity and the supply position below the only grounds for choosing.
Both score 3 or below on Protocol Revenue, Buyback and Burn, Real Staking Yield. 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.
RAD still has 40.9% of its eventual supply to enter circulation against 0% for BICO. On the same market capitalisation, a buyer of RAD is taking the 1.69x dilution path and a buyer of BICO the 1x one.
BICO is valued at $20.1M against $19.5M for RAD, a 1.0x 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 | 3 | 2 | BICO +1 | |
| Revenue Trend | 4 | 3 | BICO +1 | |
| P/S Multiple | 4 | 4 | level | |
| Real Staking Yield | 3 | 2 | BICO +1 |
Supply
| Supply Inflation | 5 | 5 | level | |
| Vesting Schedule | 5 | 5 | level | |
| Circulating / FDV Ratio | 5 | 5 | level | |
| Buyback and Burn | 2 | 2 | level |
Ownership
| Smart Money Flows | 5 | 4 | BICO +1 | |
| Insider Selling | 5 | 5 | level | |
| Holder Concentration | 4 | 4 | level |
Traction
| TVL Trend | 4 | 3 | BICO +1 | |
| Active Users | 4 | 3 | BICO +1 | |
| Developer Activity | 6 | 6 | level | |
| Network Growth | 5 | 4 | BICO +1 |
Position
| Market Share | 4 | 4 | level | |
| Competitive Moat | 5 | 5 | level | |
| Institutional Adoption | 4 | 3 | BICO +1 | |
| Exchange Depth | 5 | 3 | BICO +2 | |
| Social Mindshare | 4 | 4 | level |
Risk
| Regulatory Safety | 5 | 5 | level | |
| Catalyst Calendar | 4 | 3 | BICO +1 | |
| BTC Alpha Potential | 4 | 3 | BICO +1 | |
| Team Execution | 5 | 5 | level | |
| Treasury Runway | 5 | 5 | level |
Bars read outward from the centre: BICO to the left, RAD 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
| BICO | RAD | |
|---|---|---|
| Price | $0.0201 | $0.3296 |
| Market cap | $20.1M | $19.5M |
| Circulating | 100% | 59.1% |
| Dilution to full supply | 1x | 1.69x |
| Off all-time high | -99.906% | -98.8% |
| To recover the high | 1,064x | 83.3x |
| Total value locked | not published | not published |
| Network | Ethereum | Ethereum |
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
BICO · WATCH
Account abstraction adoption via Biconomy SDK; partnerships with major dApps.
Slow enterprise adoption; reliance on Ethereum L2 fee markets; token inflation.
RAD · PASS
Decentralized code collaboration for Web3 developers; ENS integration for on-chain identity.
Niche use case limited to crypto-native developers; competition from GitHub and Gitcoin.
Common questions
- Is BICO or RAD the better investment?
- On this framework BICO scores higher: 109 against 97 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 BICO still wins 11 of the 25 individual variables against RAD.
- What is the biggest difference between BICO and RAD?
- 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, BICO or RAD?
- BICO is valued at $20.1M and RAD at $19.5M 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.