HNT vs ILV
Helium and Illuvium 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
HNT scores 122 of 250 and ranks 62nd of 251. ILV scores 101 and ranks 135th. HNT leads by 21 points, which is a real gap, though small enough that one variable moving would close much of it. HNT takes 17 of the 25 variables, ILV takes 1, and 7 are level.
The framework rates HNT CAUTIOUS HOLD and ILV WATCH. 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.
No single variable separates HNT and ILV by as much as 3 points. The lead is broad rather than concentrated: HNT is ahead on 17 of 25 variables by one or two points each, which is what produces the composite gap without any one variable carrying it.
Both score 3 or below on Protocol Revenue, P/S Multiple. 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.
HNT is valued at $97.6M against $31.5M for ILV, a 3.1x 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 | 2 | HNT +1 | |
| Revenue Trend | 5 | 3 | HNT +2 | |
| P/S Multiple | 2 | 3 | ILV +1 | |
| Real Staking Yield | 5 | 4 | HNT +1 |
Supply
| Supply Inflation | 5 | 5 | level | |
| Vesting Schedule | 6 | 5 | HNT +1 | |
| Circulating / FDV Ratio | 7 | 5 | HNT +2 | |
| Buyback and Burn | 5 | 3 | HNT +2 |
Ownership
| Smart Money Flows | 5 | 4 | HNT +1 | |
| Insider Selling | 5 | 5 | level | |
| Holder Concentration | 5 | 4 | HNT +1 |
Traction
| TVL Trend | 4 | 3 | HNT +1 | |
| Active Users | 5 | 3 | HNT +2 | |
| Developer Activity | 5 | 5 | level | |
| Network Growth | 5 | 4 | HNT +1 |
Position
| Market Share | 5 | 3 | HNT +2 | |
| Competitive Moat | 6 | 5 | HNT +1 | |
| Institutional Adoption | 4 | 3 | HNT +1 | |
| Exchange Depth | 5 | 5 | level | |
| Social Mindshare | 4 | 4 | level |
Risk
| Regulatory Safety | 6 | 5 | HNT +1 | |
| Catalyst Calendar | 5 | 4 | HNT +1 | |
| BTC Alpha Potential | 4 | 4 | level | |
| Team Execution | 6 | 5 | HNT +1 | |
| Treasury Runway | 5 | 5 | level |
Bars read outward from the centre: HNT to the left, ILV 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
| HNT | ILV | |
|---|---|---|
| Price | $0.5022 | $3.80 |
| Market cap | $97.6M | $31.5M |
| Circulating | 87.1% | 86.3% |
| Dilution to full supply | 1.15x | 1.16x |
| Off all-time high | -99.08% | -99.8% |
| To recover the high | 108.7x | 500x |
| Total value locked | not published | not published |
| Network | Solana | 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
HNT · CAUTIOUS HOLD
Helium Mobile hitting 100K+ subscribers; carrier partnerships driving genuine data offload revenue to HNT burn
98.5% down from ATH; HNT value accrual requires Data Credits burn which is still tiny vs inflation; competition from 5G rollout
ILV · WATCH
Illuvium game launch and cross-game asset utility within its fantasy RPG network.
Delayed game releases and low player retention in competitive blockchain gaming market.
Common questions
- Is HNT or ILV the better investment?
- On this framework HNT scores higher: 122 against 101 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 HNT still wins 17 of the 25 individual variables against ILV.
- What is the biggest difference between HNT and ILV?
- 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, HNT or ILV?
- HNT is valued at $97.6M and ILV at $31.5M 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.