KMNO vs SAFE
Kamino Finance and Safe (formerly Gnosis Safe) 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
KMNO scores 138 of 250 and ranks 35th of 251. SAFE scores 132 and ranks 44th. KMNO leads by 6 points, which is inside the range where the individual variables matter more than the total. KMNO takes 9 of the 25 variables, SAFE takes 5, and 11 are level.
3 variables separate them by 3 points or more. KMNO is clear on Vesting Schedule (5 against 2) and Circulating / FDV Ratio (5 against 2). SAFE is clear on Regulatory Safety (8 against 5).
Both score 3 or below on Buyback and Burn, Real Staking Yield. 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.
KMNO still has 42.9% of its eventual supply to enter circulation against 21.7% for SAFE. On the same market capitalisation, a buyer of KMNO is taking the 1.75x dilution path and a buyer of SAFE the 1.28x one.
KMNO is valued at $214.9M against $84.0M for SAFE, 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 | 6 | 4 | KMNO +2 | |
| Revenue Trend | 4 | 5 | SAFE +1 | |
| P/S Multiple | 7 | 5 | KMNO +2 | |
| Real Staking Yield | 3 | 2 | KMNO +1 |
Supply
| Supply Inflation | 4 | 3 | KMNO +1 | |
| Vesting Schedule | 5 | 2 | KMNO +3 | |
| Circulating / FDV Ratio | 5 | 2 | KMNO +3 | |
| Buyback and Burn | 2 | 2 | level |
Ownership
| Smart Money Flows | 7 | 6 | KMNO +1 | |
| Insider Selling | 5 | 5 | level | |
| Holder Concentration | 5 | 5 | level |
Traction
| TVL Trend | 8 | 8 | level | |
| Active Users | 7 | 7 | level | |
| Developer Activity | 7 | 7 | level | |
| Network Growth | 8 | 7 | KMNO +1 |
Position
| Market Share | 7 | 8 | SAFE +1 | |
| Competitive Moat | 6 | 8 | SAFE +2 | |
| Institutional Adoption | 7 | 7 | level | |
| Exchange Depth | 4 | 4 | level | |
| Social Mindshare | 5 | 5 | level |
Risk
| Regulatory Safety | 5 | 8 | SAFE +3 | |
| Catalyst Calendar | 6 | 5 | KMNO +1 | |
| BTC Alpha Potential | 2 | 4 | SAFE +2 | |
| Team Execution | 7 | 7 | level | |
| Treasury Runway | 6 | 6 | level |
Bars read outward from the centre: KMNO to the left, SAFE 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
| KMNO | SAFE | |
|---|---|---|
| Price | $0.0377 | $0.1073 |
| Market cap | $214.9M | $84.0M |
| Circulating | 57.1% | 78.3% |
| Dilution to full supply | 1.75x | 1.28x |
| Off all-time high | -84.8% | -97% |
| To recover the high | 6.6x | 33.3x |
| Total value locked | $3.20B | $110.00B |
| 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
KMNO · CAUTIOUS HOLD
Lend V2 live, Anchorage tri-party custody, Bitwise $259M fund, Ethena $1B+ integration
Zero fee sharing, zero buyback, -94% ATH, 229M tokens/month opening, revenue declining -67%
SAFE · CAUTIOUS HOLD
Fee switch or protocol revenue share activation by Safe DAO
Token has no clear value accrual mechanism; Safe protocol revenues flow to contributors not token holders
Common questions
- Is KMNO or SAFE the better investment?
- On this framework KMNO scores higher: 138 against 132 of 250, and it is rated CAUTIOUS HOLD against CAUTIOUS HOLD. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and KMNO still wins 9 of the 25 individual variables against SAFE.
- What is the biggest difference between KMNO and SAFE?
- Vesting Schedule. KMNO scores 5 of 10 there and SAFE scores 2, a gap of 3 points on a single variable.
- Which is bigger, KMNO or SAFE?
- KMNO is valued at $214.9M and SAFE at $84.0M 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.