FIL vs IMX
Filecoin and Immutable X 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
FIL scores 101 of 250 and ranks 135th of 251. IMX scores 117 and ranks 77th. IMX leads by 16 points, which is a real gap, though small enough that one variable moving would close much of it. FIL takes 1 of the 25 variables, IMX takes 14, and 10 are level.
No single variable separates FIL and IMX 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 Supply Inflation, Vesting Schedule, Buyback and Burn, 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.
FIL is valued at $867.2M against $156.3M for IMX, a 5.5x 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 | 4 | 4 | level | |
| Revenue Trend | 4 | 4 | level | |
| P/S Multiple | 3 | 5 | IMX +2 | |
| Real Staking Yield | 4 | 4 | level |
Supply
| Supply Inflation | 3 | 3 | level | |
| Vesting Schedule | 2 | 3 | IMX +1 | |
| Circulating / FDV Ratio | 3 | 5 | IMX +2 | |
| Buyback and Burn | 1 | 3 | IMX +2 |
Ownership
| Smart Money Flows | 4 | 5 | IMX +1 | |
| Insider Selling | 3 | 4 | IMX +1 | |
| Holder Concentration | 4 | 4 | level |
Traction
| TVL Trend | 4 | 5 | IMX +1 | |
| Active Users | 4 | 5 | IMX +1 | |
| Developer Activity | 6 | 6 | level | |
| Network Growth | 5 | 6 | IMX +1 |
Position
| Market Share | 5 | 5 | level | |
| Competitive Moat | 5 | 5 | level | |
| Institutional Adoption | 4 | 5 | IMX +1 | |
| Exchange Depth | 6 | 6 | level | |
| Social Mindshare | 4 | 5 | IMX +1 |
Risk
| Regulatory Safety | 6 | 6 | level | |
| Catalyst Calendar | 5 | 6 | IMX +1 | |
| BTC Alpha Potential | 2 | 1 | FIL +1 | |
| Team Execution | 5 | 6 | IMX +1 | |
| Treasury Runway | 5 | 6 | IMX +1 |
Bars read outward from the centre: FIL to the left, IMX 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
| FIL | IMX | |
|---|---|---|
| Price | $1.04 | $0.1727 |
| Market cap | $867.2M | $156.3M |
| Circulating | 42.6% | 45.2% |
| Dilution to full supply | 2.35x | 2.21x |
| Off all-time high | -99.56% | -98.2% |
| To recover the high | 227.3x | 55.6x |
| Total value locked | $48.0M | $52.0M |
| Network | Filecoin | 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
FIL · WATCH
AI data storage demand; Filecoin Virtual Machine (FEVM) DeFi expansion
FDV is 2x+ circulating cap with large future releases; centralized alternatives cheaper; slow user growth
IMX · WATCH
Gods Unchained, Guild of Guardians, and 300+ game titles on IMX; Polygon zkEVM partnership and gaming bull cycle
45% supply still opening (team/investor vesting through 2027), gaming crypto narrative fickle, competition from Ronin and Arbitrum Orbit
Common questions
- Is FIL or IMX the better investment?
- On this framework IMX scores higher: 117 against 101 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 FIL still wins 1 of the 25 individual variables against IMX.
- What is the biggest difference between FIL and IMX?
- 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, FIL or IMX?
- FIL is valued at $867.2M and IMX at $156.3M 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.