BTC vs ETH
Bitcoin and Ethereum 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
BTC scores 183 of 250 and ranks 4th of 251. ETH scores 187 and ranks 2nd. ETH leads by 4 points, which is inside the range where the individual variables matter more than the total. BTC takes 9 of the 25 variables, ETH takes 8, and 8 are level.
5 variables separate them by 3 points or more. BTC is clear on Social Mindshare (10 against 6) and Supply Inflation (10 against 7). ETH is clear on Real Staking Yield (7 against 1), Buyback and Burn (6 against 1) and Protocol Revenue (9 against 5).
BTC is valued at $1.67T against $313.17B for ETH, a 5.3x 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 | 5 | 9 | ETH +4 | |
| Revenue Trend | 5 | 5 | level | |
| P/S Multiple | 3 | 5 | ETH +2 | |
| Real Staking Yield | 1 | 7 | ETH +6 |
Supply
| Supply Inflation | 10 | 7 | BTC +3 | |
| Vesting Schedule | 10 | 10 | level | |
| Circulating / FDV Ratio | 9 | 10 | ETH +1 | |
| Buyback and Burn | 1 | 6 | ETH +5 |
Ownership
| Smart Money Flows | 10 | 9 | BTC +1 | |
| Insider Selling | 9 | 7 | BTC +2 | |
| Holder Concentration | 6 | 6 | level |
Traction
| TVL Trend | 3 | 6 | ETH +3 | |
| Active Users | 8 | 8 | level | |
| Developer Activity | 7 | 7 | level | |
| Network Growth | 7 | 8 | ETH +1 |
Position
| Market Share | 10 | 7 | BTC +3 | |
| Competitive Moat | 10 | 8 | BTC +2 | |
| Institutional Adoption | 10 | 10 | level | |
| Exchange Depth | 10 | 10 | level | |
| Social Mindshare | 10 | 6 | BTC +4 |
Risk
| Regulatory Safety | 9 | 10 | ETH +1 | |
| Catalyst Calendar | 8 | 8 | level | |
| BTC Alpha Potential | 5 | 4 | BTC +1 | |
| Team Execution | 8 | 6 | BTC +2 | |
| Treasury Runway | 9 | 8 | BTC +1 |
Bars read outward from the centre: BTC to the left, ETH 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
| BTC | ETH | |
|---|---|---|
| Price | $83,220 | $2,564 |
| Market cap | $1.67T | $313.17B |
| Circulating | 95.7% | 100% |
| Dilution to full supply | 1.05x | 1x |
| Off all-time high | -34% | -48.2% |
| To recover the high | 1.5x | 1.9x |
| Total value locked | not published | $46.17B |
| Network | Bitcoin | 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
BTC · HOLD CORE
Spot ETF AUM about $78B after record 2026 outflows, down from a $169.5B peak in October 2025
Regulatory crackdown on self-custody; long-term quantum computing threat
ETH · HOLD CORE
Glamsterdam ePBS (Q3 2026), CLARITY Act (the 4 July 2026 signing target was missed, the bill stalled in the Senate), staking ETF expansion
Burn collapsed (-71% post-Pectra), ETH/BTC 10mo low, 9 EF departures, identity crisis
Common questions
- Is BTC or ETH the better investment?
- On this framework ETH scores higher: 187 against 183 of 250, and it is rated HOLD CORE against HOLD CORE. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and BTC still wins 9 of the 25 individual variables against ETH.
- What is the biggest difference between BTC and ETH?
- Real Staking Yield. BTC scores 1 of 10 there and ETH scores 7, a gap of 6 points on a single variable.
- Which is bigger, BTC or ETH?
- BTC is valued at $1.67T and ETH at $313.17B 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.