OKB vs TON
OKB and Toncoin 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
OKB scores 145 of 250 and ranks 25th of 251. TON scores 110 and ranks 94th. OKB leads by 35 points, which is a wide enough margin that the framework is not ambivalent. OKB takes 15 of the 25 variables, TON takes 7, and 3 are level.
The framework rates OKB HOLD and TON 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.
5 variables separate them by 3 points or more. OKB is clear on Protocol Revenue (7 against 1), Buyback and Burn (8 against 2) and Vesting Schedule (7 against 2).
TON still has 46.4% of its eventual supply to enter circulation against 0% for OKB. On the same market capitalisation, a buyer of TON is taking the 1.86x dilution path and a buyer of OKB the 1x one.
TON is valued at $4.02B against $2.75B for OKB, a 1.5x difference. The smaller of the two scores higher on fundamentals, which is the disagreement worth understanding before either position is taken.
TON trades 82.7% below its all-time high and OKB 42.7% below its own. Recovering the high needs 5.8x from TON and 1.7x from OKB, 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 | 7 | 1 | OKB +6 | |
| Revenue Trend | 6 | 2 | OKB +4 | |
| P/S Multiple | 5 | 3 | OKB +2 | |
| Real Staking Yield | 4 | 5 | TON +1 |
Supply
| Supply Inflation | 7 | 3 | OKB +4 | |
| Vesting Schedule | 7 | 2 | OKB +5 | |
| Circulating / FDV Ratio | 8 | 4 | OKB +4 | |
| Buyback and Burn | 8 | 2 | OKB +6 |
Ownership
| Smart Money Flows | 5 | 7 | TON +2 | |
| Insider Selling | 6 | 2 | OKB +4 | |
| Holder Concentration | 4 | 2 | OKB +2 |
Traction
| TVL Trend | 5 | 2 | OKB +3 | |
| Active Users | 7 | 6 | OKB +1 | |
| Developer Activity | 5 | 7 | TON +2 | |
| Network Growth | 5 | 5 | level |
Position
| Market Share | 6 | 4 | OKB +2 | |
| Competitive Moat | 6 | 7 | TON +1 | |
| Institutional Adoption | 5 | 5 | level | |
| Exchange Depth | 7 | 7 | level | |
| Social Mindshare | 5 | 8 | TON +3 |
Risk
| Regulatory Safety | 5 | 3 | OKB +2 | |
| Catalyst Calendar | 5 | 8 | TON +3 | |
| BTC Alpha Potential | 5 | 3 | OKB +2 | |
| Team Execution | 6 | 7 | TON +1 | |
| Treasury Runway | 6 | 5 | OKB +1 |
Bars read outward from the centre: OKB to the left, TON 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
| OKB | TON | |
|---|---|---|
| Price | $131.00 | $1.42 |
| Market cap | $2.75B | $4.02B |
| Circulating | 100% | 53.6% |
| Dilution to full supply | 1x | 1.86x |
| Off all-time high | -42.7% | -82.7% |
| To recover the high | 1.7x | 5.8x |
| Total value locked | not published | $56.4M |
| Network | OKC | TON |
TON now trades as GRAM. 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
OKB · HOLD
X Layer, the OKB-gas zkEVM, has been live since April 2024, and the August 2025 burn fixed supply at 21M.
Regulatory crackdown on OKX by US or EU authorities could freeze token utility and trading.
TON · WATCH
GRAM rebrand Jun 15, TON Teleport BTC bridge, TON Pay 2.0, MTONGA steps 5-7, Stars-to-TON fiat onramp
Believers $61M/mo releases (27mo left), 1.08B frozen wallets unfreeze Feb 2027, Durov 12 charges, 85% whale concentration, zero protocol revenue
Common questions
- Is OKB or TON the better investment?
- On this framework OKB scores higher: 145 against 110 of 250, and it is rated HOLD against WATCH. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and OKB still wins 15 of the 25 individual variables against TON.
- What is the biggest difference between OKB and TON?
- Protocol Revenue. OKB scores 7 of 10 there and TON scores 1, a gap of 6 points on a single variable.
- Which is bigger, OKB or TON?
- OKB is valued at $2.75B and TON at $4.02B 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.