IDEX vs MCB
IDEX and MCDEX 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
IDEX scores 77 of 250 and ranks 224th of 251. MCB scores 76 and ranks 225th. IDEX leads by 1 points, which is inside the range where the individual variables matter more than the total. IDEX takes 1 of the 25 variables, MCB takes 0, and 24 are level.
No single variable separates IDEX and MCB 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 Protocol Revenue, Revenue Trend, Buyback and Burn, Smart Money Flows, Real Staking Yield, TVL Trend and 11 more. 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.
MCB still has 20.8% of its eventual supply to enter circulation against 0% for IDEX. On the same market capitalisation, a buyer of MCB is taking the 1.26x dilution path and a buyer of IDEX the 1x one.
MCB is valued at $8.9M against $838.1K for IDEX, a 10.6x 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 | 2 | 2 | level | |
| Revenue Trend | 2 | 2 | level | |
| P/S Multiple | 4 | 4 | level | |
| Real Staking Yield | 3 | 3 | level |
Supply
| Supply Inflation | 5 | 5 | level | |
| Vesting Schedule | 6 | 6 | level | |
| Circulating / FDV Ratio | 6 | 6 | level | |
| Buyback and Burn | 2 | 2 | level |
Ownership
| Smart Money Flows | 2 | 2 | level | |
| Insider Selling | 5 | 5 | level | |
| Holder Concentration | 4 | 4 | level |
Traction
| TVL Trend | 2 | 2 | level | |
| Active Users | 2 | 2 | level | |
| Developer Activity | 3 | 3 | level | |
| Network Growth | 2 | 2 | level |
Position
| Market Share | 2 | 2 | level | |
| Competitive Moat | 3 | 3 | level | |
| Institutional Adoption | 2 | 2 | level | |
| Exchange Depth | 2 | 2 | level | |
| Social Mindshare | 2 | 2 | level |
Risk
| Regulatory Safety | 4 | 4 | level | |
| Catalyst Calendar | 2 | 2 | level | |
| BTC Alpha Potential | 3 | 2 | IDEX +1 | |
| Team Execution | 3 | 3 | level | |
| Treasury Runway | 4 | 4 | level |
Bars read outward from the centre: IDEX to the left, MCB 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
| IDEX | MCB | |
|---|---|---|
| Price | $0.000838 | $2.34 |
| Market cap | $838.1K | $8.9M |
| Circulating | 100% | 79.2% |
| Dilution to full supply | 1x | 1.26x |
| Off all-time high | -99.911% | -96.6% |
| To recover the high | 1,124x | 29.4x |
| Total value locked | not published | not published |
| Network | Ethereum | Arbitrum |
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
IDEX · PASS
Hybrid DEX with order book and AMM, offering low-slippage trading.
Intense competition from larger DEXs and CEXs with deeper liquidity.
MCB · PASS
MUX Protocol's leveraged trading aggregator with cross-chain perpetuals.
Smart contract risk and competition from GMX and other perp DEXs.
Common questions
- Is IDEX or MCB the better investment?
- On this framework IDEX scores higher: 77 against 76 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 IDEX still wins 1 of the 25 individual variables against MCB.
- What is the biggest difference between IDEX and MCB?
- 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, IDEX or MCB?
- IDEX is valued at $838.1K and MCB at $8.9M 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.