KAS vs PENGU
Kaspa and Pudgy Penguins 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
KAS scores 114 of 250 and ranks 87th of 251. PENGU scores 104 and ranks 118th. KAS leads by 10 points, which is inside the range where the individual variables matter more than the total. KAS takes 11 of the 25 variables, PENGU takes 6, and 8 are level.
3 variables separate them by 3 points or more. KAS is clear on Insider Selling (6 against 3) and Regulatory Safety (8 against 5). PENGU is clear on Supply Inflation (8 against 5).
Both score 3 or below on Protocol Revenue, Revenue Trend, P/S Multiple, Buyback and Burn, Real Staking Yield, TVL Trend 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.
PENGU still has 29.3% of its eventual supply to enter circulation against 3.4% for KAS. On the same market capitalisation, a buyer of PENGU is taking the 1.41x dilution path and a buyer of KAS the 1.03x one.
KAS is valued at $1.11B against $535.4M for PENGU, a 2.1x 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 | 2 | 1 | KAS +1 | |
| Revenue Trend | 3 | 2 | KAS +1 | |
| P/S Multiple | 3 | 1 | KAS +2 | |
| Real Staking Yield | 1 | 1 | level |
Supply
| Supply Inflation | 5 | 8 | PENGU +3 | |
| Vesting Schedule | 6 | 8 | PENGU +2 | |
| Circulating / FDV Ratio | 7 | 8 | PENGU +1 | |
| Buyback and Burn | 1 | 1 | level |
Ownership
| Smart Money Flows | 4 | 5 | PENGU +1 | |
| Insider Selling | 6 | 3 | KAS +3 | |
| Holder Concentration | 5 | 3 | KAS +2 |
Traction
| TVL Trend | 2 | 1 | KAS +1 | |
| Active Users | 5 | 5 | level | |
| Developer Activity | 5 | 4 | KAS +1 | |
| Network Growth | 5 | 5 | level |
Position
| Market Share | 5 | 5 | level | |
| Competitive Moat | 6 | 4 | KAS +2 | |
| Institutional Adoption | 3 | 3 | level | |
| Exchange Depth | 5 | 6 | PENGU +1 | |
| Social Mindshare | 7 | 8 | PENGU +1 |
Risk
| Regulatory Safety | 8 | 5 | KAS +3 | |
| Catalyst Calendar | 5 | 5 | level | |
| BTC Alpha Potential | 6 | 4 | KAS +2 | |
| Team Execution | 5 | 5 | level | |
| Treasury Runway | 4 | 3 | KAS +1 |
Bars read outward from the centre: KAS to the left, PENGU 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
| KAS | PENGU | |
|---|---|---|
| Price | $0.0400 | $0.008517 |
| Market cap | $1.11B | $535.4M |
| Circulating | 96.6% | 70.7% |
| Dilution to full supply | 1.03x | 1.41x |
| Off all-time high | -80.7% | -87.6% |
| To recover the high | 5.2x | 8.1x |
| Total value locked | not published | not published |
| Network | Kaspa | 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
KAS · WATCH
KRC-20 token standard driving on-chain activity; Kaspa smart contracts (kSMT) roadmap could expand network significantly
No smart contracts or DeFi, pure PoW L1 with no fee revenue model; speculation-driven price with mining inflation
PENGU · WATCH
Abstract chain launch and Pudgy Penguins network expansion on Ethereum L2
Pure memecoin with zero revenue; fully diluted at launch means only speculative demand drives price
Common questions
- Is KAS or PENGU the better investment?
- On this framework KAS scores higher: 114 against 104 of 250, and it is rated WATCH against WATCH. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and KAS still wins 11 of the 25 individual variables against PENGU.
- What is the biggest difference between KAS and PENGU?
- Supply Inflation. KAS scores 5 of 10 there and PENGU scores 8, a gap of 3 points on a single variable.
- Which is bigger, KAS or PENGU?
- KAS is valued at $1.11B and PENGU at $535.4M 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.