FET vs RENDER
Fetch.ai (ASI Alliance) and Render 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
FET scores 109 of 250 and ranks 97th of 251. RENDER scores 127 and ranks 51st. RENDER leads by 18 points, which is a real gap, though small enough that one variable moving would close much of it. FET takes 1 of the 25 variables, RENDER takes 16, and 8 are level.
The framework rates FET WATCH and RENDER CAUTIOUS HOLD. 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.
3 variables separate them by 3 points or more. FET is clear on Real Staking Yield (4 against 1). RENDER is clear on Protocol Revenue (4 against 1) and Competitive Moat (5 against 2).
Both score 3 or below on P/S Multiple, Buyback and Burn, TVL Trend, 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.
RENDER is valued at $1.05B against $522.8M for FET, a 2.0x 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 | 1 | 4 | RENDER +3 | |
| Revenue Trend | 4 | 5 | RENDER +1 | |
| P/S Multiple | 3 | 3 | level | |
| Real Staking Yield | 4 | 1 | FET +3 |
Supply
| Supply Inflation | 6 | 7 | RENDER +1 | |
| Vesting Schedule | 6 | 8 | RENDER +2 | |
| Circulating / FDV Ratio | 8 | 8 | level | |
| Buyback and Burn | 2 | 3 | RENDER +1 |
Ownership
| Smart Money Flows | 5 | 6 | RENDER +1 | |
| Insider Selling | 5 | 5 | level | |
| Holder Concentration | 5 | 5 | level |
Traction
| TVL Trend | 3 | 3 | level | |
| Active Users | 4 | 5 | RENDER +1 | |
| Developer Activity | 6 | 6 | level | |
| Network Growth | 5 | 6 | RENDER +1 |
Position
| Market Share | 4 | 5 | RENDER +1 | |
| Competitive Moat | 2 | 5 | RENDER +3 | |
| Institutional Adoption | 4 | 4 | level | |
| Exchange Depth | 5 | 5 | level | |
| Social Mindshare | 6 | 7 | RENDER +1 |
Risk
| Regulatory Safety | 5 | 6 | RENDER +1 | |
| Catalyst Calendar | 5 | 6 | RENDER +1 | |
| BTC Alpha Potential | 1 | 2 | RENDER +1 | |
| Team Execution | 5 | 6 | RENDER +1 | |
| Treasury Runway | 5 | 6 | RENDER +1 |
Bars read outward from the centre: FET to the left, RENDER 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
| FET | RENDER | |
|---|---|---|
| Price | $0.2261 | $2.02 |
| Market cap | $522.8M | $1.05B |
| Circulating | 85.2% | 80.5% |
| Dilution to full supply | 1.17x | 1.24x |
| Off all-time high | -93.5% | -85% |
| To recover the high | 15.4x | 6.7x |
| 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
FET · WATCH
ASI Alliance AI marketplace revenue; partnerships with major AI labs
Merger integration complexity; AI narrative may be priced in; actual AI revenue de minimis
RENDER · CAUTIOUS HOLD
AI inference demand for GPU compute; Solana migration reducing fees and increasing throughput
Actual render network revenue tiny vs market cap; heavy dependence on AI narrative; centralized competitors cheaper
Common questions
- Is FET or RENDER the better investment?
- On this framework RENDER scores higher: 127 against 109 of 250, and it is rated CAUTIOUS HOLD against WATCH. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and FET still wins 1 of the 25 individual variables against RENDER.
- What is the biggest difference between FET and RENDER?
- Protocol Revenue. FET scores 1 of 10 there and RENDER scores 4, a gap of 3 points on a single variable.
- Which is bigger, FET or RENDER?
- FET is valued at $522.8M and RENDER at $1.05B on the latest market snapshot.
Related comparisons
Keep reading
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.