GNO vs W
Gnosis and Wormhole 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
GNO scores 128 of 250 and ranks 49th of 251. W scores 92 and ranks 184th. GNO leads by 36 points, which is a wide enough margin that the framework is not ambivalent. GNO takes 21 of the 25 variables, W takes 1, and 3 are level.
The framework rates GNO CAUTIOUS HOLD and W PASS. 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.
5 variables separate them by 3 points or more. GNO is clear on Vesting Schedule (5 against 1), Insider Selling (6 against 2) and Buyback and Burn (4 against 1).
Both score 3 or below on Supply Inflation, Circulating / FDV Ratio. 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.
W still has 34.1% of its eventual supply to enter circulation against 12% for GNO. On the same market capitalisation, a buyer of W is taking the 1.52x dilution path and a buyer of GNO the 1.14x one.
GNO is valued at $316.6M against $93.6M for W, a 3.4x 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 | 5 | 3 | GNO +2 | |
| Revenue Trend | 5 | 3 | GNO +2 | |
| P/S Multiple | 4 | 2 | GNO +2 | |
| Real Staking Yield | 6 | 3 | GNO +3 |
Supply
| Supply Inflation | 3 | 1 | GNO +2 | |
| Vesting Schedule | 5 | 1 | GNO +4 | |
| Circulating / FDV Ratio | 2 | 1 | GNO +1 | |
| Buyback and Burn | 4 | 1 | GNO +3 |
Ownership
| Smart Money Flows | 6 | 5 | GNO +1 | |
| Insider Selling | 6 | 2 | GNO +4 | |
| Holder Concentration | 5 | 2 | GNO +3 |
Traction
| TVL Trend | 5 | 4 | GNO +1 | |
| Active Users | 5 | 4 | GNO +1 | |
| Developer Activity | 6 | 6 | level | |
| Network Growth | 5 | 5 | level |
Position
| Market Share | 5 | 6 | W +1 | |
| Competitive Moat | 6 | 5 | GNO +1 | |
| Institutional Adoption | 5 | 4 | GNO +1 | |
| Exchange Depth | 5 | 5 | level | |
| Social Mindshare | 5 | 4 | GNO +1 |
Risk
| Regulatory Safety | 7 | 6 | GNO +1 | |
| Catalyst Calendar | 5 | 4 | GNO +1 | |
| BTC Alpha Potential | 5 | 4 | GNO +1 | |
| Team Execution | 6 | 5 | GNO +1 | |
| Treasury Runway | 7 | 6 | GNO +1 |
Bars read outward from the centre: GNO to the left, W 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
| GNO | W | |
|---|---|---|
| Price | $119.93 | $0.0142 |
| Market cap | $316.6M | $93.6M |
| Circulating | 88% | 65.9% |
| Dilution to full supply | 1.14x | 1.52x |
| Off all-time high | -81.4% | -99.14% |
| To recover the high | 5.4x | 116.3x |
| Total value locked | $600.0M | 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
GNO · CAUTIOUS HOLD
Gnosis Pay card adoption and Gnosis Chain positioning as Ethereum's community L1
Gnosis Chain has minimal DeFi activity vs Ethereum L2s; GNO value thesis relies on staking yield and Safe governance
W · PASS
W as fee token for Wormhole messaging; NTT standard adoption by top protocols
Only 18% circulating (FDV ~$1.1B vs $200M market cap); massive insider dilution coming; bridge revenue does not accrue to W token holders
Common questions
- Is GNO or W the better investment?
- On this framework GNO scores higher: 128 against 92 of 250, and it is rated CAUTIOUS HOLD against PASS. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and GNO still wins 21 of the 25 individual variables against W.
- What is the biggest difference between GNO and W?
- Vesting Schedule. GNO scores 5 of 10 there and W scores 1, a gap of 4 points on a single variable.
- Which is bigger, GNO or W?
- GNO is valued at $316.6M and W at $93.6M 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.