FARM vs RUNE
Harvest Finance and THORChain 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
FARM scores 93 of 250 and ranks 177th of 251. RUNE scores 106 and ranks 110th. RUNE leads by 13 points, which is a real gap, though small enough that one variable moving would close much of it. FARM takes 7 of the 25 variables, RUNE takes 14, and 4 are level.
2 variables separate them by 3 points or more. FARM is clear on Regulatory Safety (4 against 1). RUNE is clear on Competitive Moat (6 against 3).
Both score 3 or below on Revenue Trend, Smart Money Flows, TVL Trend, Active Users, Institutional Adoption, BTC Alpha Potential. 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.
RUNE is valued at $234.5M against $5.1M for FARM, a 45.9x 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 | 3 | 5 | RUNE +2 | |
| Revenue Trend | 3 | 3 | level | |
| P/S Multiple | 5 | 4 | FARM +1 | |
| Real Staking Yield | 4 | 5 | RUNE +1 |
Supply
| Supply Inflation | 5 | 7 | RUNE +2 | |
| Vesting Schedule | 6 | 8 | RUNE +2 | |
| Circulating / FDV Ratio | 6 | 8 | RUNE +2 | |
| Buyback and Burn | 3 | 4 | RUNE +1 |
Ownership
| Smart Money Flows | 3 | 3 | level | |
| Insider Selling | 5 | 6 | RUNE +1 | |
| Holder Concentration | 4 | 5 | RUNE +1 |
Traction
| TVL Trend | 3 | 2 | FARM +1 | |
| Active Users | 3 | 2 | FARM +1 | |
| Developer Activity | 4 | 5 | RUNE +1 | |
| Network Growth | 3 | 4 | RUNE +1 |
Position
| Market Share | 3 | 5 | RUNE +2 | |
| Competitive Moat | 3 | 6 | RUNE +3 | |
| Institutional Adoption | 2 | 1 | FARM +1 | |
| Exchange Depth | 4 | 4 | level | |
| Social Mindshare | 3 | 4 | RUNE +1 |
Risk
| Regulatory Safety | 4 | 1 | FARM +3 | |
| Catalyst Calendar | 3 | 5 | RUNE +2 | |
| BTC Alpha Potential | 3 | 2 | FARM +1 | |
| Team Execution | 4 | 3 | FARM +1 | |
| Treasury Runway | 4 | 4 | level |
Bars read outward from the centre: FARM to the left, RUNE 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
| FARM | RUNE | |
|---|---|---|
| Price | $7.60 | $0.7137 |
| Market cap | $5.1M | $234.5M |
| Circulating | 97.4% | 92.8% |
| Dilution to full supply | 1.03x | 1.08x |
| Off all-time high | -98.8% | -96.6% |
| To recover the high | 83.3x | 29.4x |
| Total value locked | not published | $380.0M |
| Network | Ethereum | THORChain |
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
FARM · PASS
Yield optimization strategies on multiple chains; auto-compounding vaults attract TVL.
Smart contract exploit risk; declining yields reduce incentive to stake.
RUNE · PASS
V3.19 restart + Monero integration + Rujira app layer + Solana volume corridor
OFAC sanction risk from $1.2B Lazarus laundering. Third exploit = terminal. $200M lawsuit pending. TCY 10% revenue tax.
Common questions
- Is FARM or RUNE the better investment?
- On this framework RUNE scores higher: 106 against 93 of 250, and it is rated PASS against PASS. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and FARM still wins 7 of the 25 individual variables against RUNE.
- What is the biggest difference between FARM and RUNE?
- Competitive Moat. FARM scores 3 of 10 there and RUNE scores 6, a gap of 3 points on a single variable.
- Which is bigger, FARM or RUNE?
- FARM is valued at $5.1M and RUNE at $234.5M 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.