IMX vs LINK
Immutable X and Chainlink 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
IMX scores 117 of 250 and ranks 77th of 251. LINK scores 165 and ranks 11th. LINK leads by 48 points, which is a wide enough margin that the framework is not ambivalent. IMX takes 1 of the 25 variables, LINK takes 21, and 3 are level.
The framework rates IMX WATCH and LINK 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.
5 variables separate them by 3 points or more. LINK is clear on Institutional Adoption (10 against 5), Competitive Moat (9 against 5) and Revenue Trend (7 against 4).
Both score 3 or below on Supply Inflation. 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.
IMX still has 54.8% of its eventual supply to enter circulation against 25.2% for LINK. On the same market capitalisation, a buyer of IMX is taking the 2.21x dilution path and a buyer of LINK the 1.34x one.
LINK is valued at $10.01B against $156.3M for IMX, a 64.0x difference. The larger of the two also scores higher, so the market and the framework agree on the ordering here.
IMX trades 98.2% below its all-time high and LINK 74.6% below its own. Recovering the high needs 55.6x from IMX and 3.9x from LINK, which is the same statement read as the return each one has to produce.
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 | 6 | LINK +2 | |
| Revenue Trend | 4 | 7 | LINK +3 | |
| P/S Multiple | 5 | 5 | level | |
| Real Staking Yield | 4 | 5 | LINK +1 |
Supply
| Supply Inflation | 3 | 3 | level | |
| Vesting Schedule | 3 | 4 | LINK +1 | |
| Circulating / FDV Ratio | 5 | 6 | LINK +1 | |
| Buyback and Burn | 3 | 4 | LINK +1 |
Ownership
| Smart Money Flows | 5 | 8 | LINK +3 | |
| Insider Selling | 4 | 3 | IMX +1 | |
| Holder Concentration | 4 | 4 | level |
Traction
| TVL Trend | 5 | 7 | LINK +2 | |
| Active Users | 5 | 7 | LINK +2 | |
| Developer Activity | 6 | 8 | LINK +2 | |
| Network Growth | 6 | 8 | LINK +2 |
Position
| Market Share | 5 | 8 | LINK +3 | |
| Competitive Moat | 5 | 9 | LINK +4 | |
| Institutional Adoption | 5 | 10 | LINK +5 | |
| Exchange Depth | 6 | 8 | LINK +2 | |
| Social Mindshare | 5 | 7 | LINK +2 |
Risk
| Regulatory Safety | 6 | 9 | LINK +3 | |
| Catalyst Calendar | 6 | 9 | LINK +3 | |
| BTC Alpha Potential | 1 | 4 | LINK +3 | |
| Team Execution | 6 | 9 | LINK +3 | |
| Treasury Runway | 6 | 7 | LINK +1 |
Bars read outward from the centre: IMX to the left, LINK 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
| IMX | LINK | |
|---|---|---|
| Price | $0.1727 | $13.37 |
| Market cap | $156.3M | $10.01B |
| Circulating | 45.2% | 74.8% |
| Dilution to full supply | 2.21x | 1.34x |
| Off all-time high | -98.2% | -74.6% |
| To recover the high | 55.6x | 3.9x |
| Total value locked | $52.0M | $32.00B |
| 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
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
LINK · HOLD
DTCC Collateral AppChain July test → Q4 production. CCIP v1.5 self-serve. Confidential Compute GA.
60-76M LINK/yr treasury dumps to Binance ($500M+/yr). Fees go to node ops, not LINK holders.
Common questions
- Is IMX or LINK the better investment?
- On this framework LINK scores higher: 165 against 117 of 250, and it is rated HOLD against WATCH. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and IMX still wins 1 of the 25 individual variables against LINK.
- What is the biggest difference between IMX and LINK?
- Institutional Adoption. IMX scores 5 of 10 there and LINK scores 10, a gap of 5 points on a single variable.
- Which is bigger, IMX or LINK?
- IMX is valued at $156.3M and LINK at $10.01B 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.