EIGEN vs PYTH
EigenLayer and Pyth Network 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
EIGEN scores 107 of 250 and ranks 106th of 251. PYTH scores 107 and ranks 106th. They tie on the composite, so the whole difference is in which variables each one wins. EIGEN takes 9 of the 25 variables, PYTH takes 7, and 9 are level.
One variable separates them by 3 points or more. PYTH is clear on Circulating / FDV Ratio (4 against 1).
Both score 3 or below on Protocol Revenue, Revenue Trend, P/S Multiple, Supply Inflation, Vesting Schedule, Buyback and Burn and 2 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.
EIGEN still has 47.6% of its eventual supply to enter circulation against 21.3% for PYTH. On the same market capitalisation, a buyer of EIGEN is taking the 1.91x dilution path and a buyer of PYTH the 1.27x one.
PYTH is valued at $557.2M against $226.1M for EIGEN, a 2.5x 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 | 3 | level | |
| Revenue Trend | 3 | 3 | level | |
| P/S Multiple | 2 | 3 | PYTH +1 | |
| Real Staking Yield | 4 | 4 | level |
Supply
| Supply Inflation | 1 | 2 | PYTH +1 | |
| Vesting Schedule | 1 | 2 | PYTH +1 | |
| Circulating / FDV Ratio | 1 | 4 | PYTH +3 | |
| Buyback and Burn | 1 | 2 | PYTH +1 |
Ownership
| Smart Money Flows | 5 | 5 | level | |
| Insider Selling | 2 | 3 | PYTH +1 | |
| Holder Concentration | 3 | 3 | level |
Traction
| TVL Trend | 6 | 5 | EIGEN +1 | |
| Active Users | 5 | 5 | level | |
| Developer Activity | 6 | 6 | level | |
| Network Growth | 6 | 6 | level |
Position
| Market Share | 7 | 6 | EIGEN +1 | |
| Competitive Moat | 6 | 5 | EIGEN +1 | |
| Institutional Adoption | 6 | 5 | EIGEN +1 | |
| Exchange Depth | 6 | 5 | EIGEN +1 | |
| Social Mindshare | 6 | 4 | EIGEN +2 |
Risk
| Regulatory Safety | 5 | 7 | PYTH +2 | |
| Catalyst Calendar | 5 | 4 | EIGEN +1 | |
| BTC Alpha Potential | 4 | 4 | level | |
| Team Execution | 6 | 5 | EIGEN +1 | |
| Treasury Runway | 7 | 6 | EIGEN +1 |
Bars read outward from the centre: EIGEN to the left, PYTH 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
| EIGEN | PYTH | |
|---|---|---|
| Price | $0.2334 | $0.0708 |
| Market cap | $226.1M | $557.2M |
| Circulating | 52.4% | 78.7% |
| Dilution to full supply | 1.91x | 1.27x |
| Off all-time high | -95.9% | -94.1% |
| To recover the high | 24.4x | 16.9x |
| Total value locked | $5.80B | 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
EIGEN · WATCH
EIGEN slashing activation enabling real AVS security; programmatic incentives attracting AVS launch
Only 18% circ/FDV; massive insider and foundation vesting schedule; restaking narrative fading; minimal fee accrual to EIGEN token
PYTH · WATCH
PYTH used as fee token for Pyth Entropy; expansion into real-world asset price feeds
Only 34.5% circulating; Pyth Foundation holds enormous released reserves; oracle services mostly free creating no PYTH demand; Chainlink still dominant
Common questions
- Is EIGEN or PYTH the better investment?
- On this framework EIGEN scores higher: 107 against 107 of 250, and it is rated WATCH against WATCH. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and EIGEN still wins 9 of the 25 individual variables against PYTH.
- What is the biggest difference between EIGEN and PYTH?
- Circulating / FDV Ratio. EIGEN scores 1 of 10 there and PYTH scores 4, a gap of 3 points on a single variable.
- Which is bigger, EIGEN or PYTH?
- EIGEN is valued at $226.1M and PYTH at $557.2M 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.