NMR vs QNT
Numeraire and Quant 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
NMR scores 98 of 250 and ranks 150th of 251. QNT scores 116 and ranks 81st. QNT leads by 18 points, which is a real gap, though small enough that one variable moving would close much of it. NMR takes 1 of the 25 variables, QNT takes 15, and 9 are level.
The framework rates NMR PASS and QNT 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.
One variable separates them by 3 points or more. QNT is clear on Institutional Adoption (6 against 3).
Both score 3 or below on Protocol Revenue, Buyback and Burn, Real Staking Yield, TVL Trend, Active Users. 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.
NMR still has 34.8% of its eventual supply to enter circulation against 0.5% for QNT. On the same market capitalisation, a buyer of NMR is taking the 1.53x dilution path and a buyer of QNT the 1x one.
QNT is valued at $3.53B against $105.4M for NMR, a 33.5x difference. The larger of the two also scores higher, so the market and the framework agree on the ordering here.
NMR trades 84.2% below its all-time high and QNT 43.3% below its own. Recovering the high needs 6.3x from NMR and 1.8x from QNT, 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 | 3 | 3 | level | |
| Revenue Trend | 3 | 4 | QNT +1 | |
| P/S Multiple | 4 | 4 | level | |
| Real Staking Yield | 3 | 2 | NMR +1 |
Supply
| Supply Inflation | 5 | 6 | QNT +1 | |
| Vesting Schedule | 7 | 7 | level | |
| Circulating / FDV Ratio | 7 | 7 | level | |
| Buyback and Burn | 2 | 2 | level |
Ownership
| Smart Money Flows | 4 | 5 | QNT +1 | |
| Insider Selling | 5 | 5 | level | |
| Holder Concentration | 3 | 4 | QNT +1 |
Traction
| TVL Trend | 3 | 3 | level | |
| Active Users | 3 | 3 | level | |
| Developer Activity | 4 | 5 | QNT +1 | |
| Network Growth | 3 | 4 | QNT +1 |
Position
| Market Share | 3 | 5 | QNT +2 | |
| Competitive Moat | 5 | 6 | QNT +1 | |
| Institutional Adoption | 3 | 6 | QNT +3 | |
| Exchange Depth | 4 | 5 | QNT +1 | |
| Social Mindshare | 3 | 5 | QNT +2 |
Risk
| Regulatory Safety | 5 | 6 | QNT +1 | |
| Catalyst Calendar | 3 | 4 | QNT +1 | |
| BTC Alpha Potential | 3 | 4 | QNT +1 | |
| Team Execution | 5 | 5 | level | |
| Treasury Runway | 5 | 6 | QNT +1 |
Bars read outward from the centre: NMR to the left, QNT 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
| NMR | QNT | |
|---|---|---|
| Price | $14.70 | $242.14 |
| Market cap | $105.4M | $3.53B |
| Circulating | 65.2% | 99.5% |
| Dilution to full supply | 1.53x | 1x |
| Off all-time high | -84.2% | -43.3% |
| To recover the high | 6.3x | 1.8x |
| Total value locked | not published | not published |
| 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
NMR · PASS
AI-driven hedge fund tournaments and Numerai's staking mechanism attracting data scientists.
Low retail adoption; tokenomics reliant on tournament participation, not broad utility.
QNT · WATCH
Overledger enterprise partnerships (e.g., Oracle, SIA); ISO 20022 compliance
Centralized token supply; slow real-world adoption vs. Hyperledger/Corda
Common questions
- Is NMR or QNT the better investment?
- On this framework QNT scores higher: 116 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 NMR still wins 1 of the 25 individual variables against QNT.
- What is the biggest difference between NMR and QNT?
- Institutional Adoption. NMR scores 3 of 10 there and QNT scores 6, a gap of 3 points on a single variable.
- Which is bigger, NMR or QNT?
- NMR is valued at $105.4M and QNT at $3.53B 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.