IOTX vs KSM
IoTeX and Kusama 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
IOTX scores 98 of 250 and ranks 150th of 251. KSM scores 103 and ranks 124th. KSM leads by 5 points, which is inside the range where the individual variables matter more than the total. IOTX takes 1 of the 25 variables, KSM takes 5, and 19 are level.
The framework rates IOTX PASS and KSM 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 IOTX and KSM 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, TVL Trend, Active Users, Market Share and 1 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.
KSM is valued at $90.6M against $34.2M for IOTX, a 2.6x 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 | 2 | 2 | level | |
| Revenue Trend | 3 | 3 | level | |
| P/S Multiple | 4 | 4 | level | |
| Real Staking Yield | 4 | 5 | KSM +1 |
Supply
| Supply Inflation | 5 | 5 | level | |
| Vesting Schedule | 5 | 6 | KSM +1 | |
| Circulating / FDV Ratio | 5 | 7 | KSM +2 | |
| Buyback and Burn | 2 | 2 | level |
Ownership
| Smart Money Flows | 4 | 4 | level | |
| Insider Selling | 5 | 5 | level | |
| Holder Concentration | 4 | 4 | level |
Traction
| TVL Trend | 3 | 3 | level | |
| Active Users | 3 | 3 | level | |
| Developer Activity | 5 | 5 | level | |
| Network Growth | 4 | 4 | level |
Position
| Market Share | 3 | 3 | level | |
| Competitive Moat | 4 | 4 | level | |
| Institutional Adoption | 3 | 3 | level | |
| Exchange Depth | 5 | 5 | level | |
| Social Mindshare | 3 | 4 | KSM +1 |
Risk
| Regulatory Safety | 5 | 5 | level | |
| Catalyst Calendar | 4 | 3 | IOTX +1 | |
| BTC Alpha Potential | 3 | 4 | KSM +1 | |
| Team Execution | 5 | 5 | level | |
| Treasury Runway | 5 | 5 | level |
Bars read outward from the centre: IOTX to the left, KSM 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
| IOTX | KSM | |
|---|---|---|
| Price | $0.003620 | $4.78 |
| Market cap | $34.2M | $90.6M |
| Circulating | 94.4% | 100% |
| Dilution to full supply | 1.06x | 1x |
| Off all-time high | -98.6% | -99.23% |
| To recover the high | 71.4x | 129.9x |
| Total value locked | not published | not published |
| Network | IoTeX | Kusama |
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
IOTX · PASS
MachineFi and DePIN narrative; W3bstream mainnet for real-world device data verification.
Fragmented IoT blockchain competition; slow enterprise adoption and token supply dilution.
KSM · WATCH
Polkadot parachain auctions and cross-chain interoperability; Kusama as experimental sandbox for new dApps.
High inflation from parachain rewards; limited DeFi TVL and developer activity vs. Ethereum network.
Common questions
- Is IOTX or KSM the better investment?
- On this framework KSM scores higher: 103 against 98 of 250, and it is rated WATCH against PASS. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and IOTX still wins 1 of the 25 individual variables against KSM.
- What is the biggest difference between IOTX and KSM?
- 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, IOTX or KSM?
- IOTX is valued at $34.2M and KSM at $90.6M 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.