LQTY vs NANO
Liquity and Nano 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
LQTY scores 151 of 250 and ranks 19th of 251. NANO scores 90 and ranks 192nd. LQTY leads by 61 points, which is a wide enough margin that the framework is not ambivalent. LQTY takes 25 of the 25 variables, NANO takes 0, and none are level.
The framework rates LQTY HOLD and NANO PASS. 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. LQTY is clear on Network Growth (8 against 3), Catalyst Calendar (7 against 2) and BTC Alpha Potential (7 against 2).
Both score 3 or below on Institutional Adoption. 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.
NANO is valued at $46.6M against $23.3M for LQTY, a 2.0x 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 | 4 | 1 | LQTY +3 | |
| Revenue Trend | 6 | 2 | LQTY +4 | |
| P/S Multiple | 8 | 5 | LQTY +3 | |
| Real Staking Yield | 4 | 1 | LQTY +3 |
Supply
| Supply Inflation | 9 | 8 | LQTY +1 | |
| Vesting Schedule | 9 | 8 | LQTY +1 | |
| Circulating / FDV Ratio | 10 | 8 | LQTY +2 | |
| Buyback and Burn | 4 | 1 | LQTY +3 |
Ownership
| Smart Money Flows | 5 | 3 | LQTY +2 | |
| Insider Selling | 7 | 6 | LQTY +1 | |
| Holder Concentration | 5 | 4 | LQTY +1 |
Traction
| TVL Trend | 5 | 2 | LQTY +3 | |
| Active Users | 5 | 3 | LQTY +2 | |
| Developer Activity | 7 | 4 | LQTY +3 | |
| Network Growth | 8 | 3 | LQTY +5 |
Position
| Market Share | 4 | 2 | LQTY +2 | |
| Competitive Moat | 5 | 4 | LQTY +1 | |
| Institutional Adoption | 3 | 2 | LQTY +1 | |
| Exchange Depth | 6 | 3 | LQTY +3 | |
| Social Mindshare | 5 | 3 | LQTY +2 |
Risk
| Regulatory Safety | 8 | 6 | LQTY +2 | |
| Catalyst Calendar | 7 | 2 | LQTY +5 | |
| BTC Alpha Potential | 7 | 2 | LQTY +5 | |
| Team Execution | 5 | 4 | LQTY +1 | |
| Treasury Runway | 5 | 3 | LQTY +2 |
Bars read outward from the centre: LQTY to the left, NANO 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
| LQTY | NANO | |
|---|---|---|
| Price | $0.2360 | $0.3500 |
| Market cap | $23.3M | $46.6M |
| Circulating | 98.8% | 100% |
| Dilution to full supply | 1.01x | 1x |
| Off all-time high | -99.84% | -99% |
| To recover the high | 625x | 100x |
| Total value locked | $88.3M | not published |
| Network | Ethereum | Nano |
NANO now trades as XNO. The scoring pass ran under the old ticker, so the scores above are filed there while the market figures track the new one.
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
LQTY · HOLD
V2 mainnet relaunch May 19 (remedial, not new), bribe market flywheel
V2 is relaunch after failure, BOLD <0.01% stablecoin share, no LQTY buyback/burn, FIRM unverified
NANO · PASS
Feeless, instant transactions via DAG; ideal for micropayments and remittances.
Low adoption for payments; no smart contracts limit utility beyond transfers.
Common questions
- Is LQTY or NANO the better investment?
- On this framework LQTY scores higher: 151 against 90 of 250, and it is rated HOLD against PASS. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and LQTY still wins 25 of the 25 individual variables against NANO.
- What is the biggest difference between LQTY and NANO?
- Network Growth. LQTY scores 8 of 10 there and NANO scores 3, a gap of 5 points on a single variable.
- Which is bigger, LQTY or NANO?
- LQTY is valued at $23.3M and NANO at $46.6M 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.