QNT vs TON
Quant 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
QNT scores 116 of 250 and ranks 81st of 251. TON scores 110 and ranks 94th. QNT leads by 6 points, which is inside the range where the individual variables matter more than the total. QNT takes 14 of the 25 variables, TON takes 10, and one is level.
5 variables separate them by 3 points or more. QNT is clear on Vesting Schedule (7 against 2), Supply Inflation (6 against 3) and Circulating / FDV Ratio (7 against 4). TON is clear on Catalyst Calendar (8 against 4).
Both score 3 or below on Protocol Revenue, Buyback and Burn, TVL Trend. 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.
TON still has 46.4% of its eventual supply to enter circulation against 0.5% for QNT. On the same market capitalisation, a buyer of TON is taking the 1.86x dilution path and a buyer of QNT the 1x one.
TON is valued at $4.02B against $3.53B for QNT, a 1.1x 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 QNT 43.3% below its own. Recovering the high needs 5.8x from TON 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 | 1 | QNT +2 | |
| Revenue Trend | 4 | 2 | QNT +2 | |
| P/S Multiple | 4 | 3 | QNT +1 | |
| Real Staking Yield | 2 | 5 | TON +3 |
Supply
| Supply Inflation | 6 | 3 | QNT +3 | |
| Vesting Schedule | 7 | 2 | QNT +5 | |
| Circulating / FDV Ratio | 7 | 4 | QNT +3 | |
| Buyback and Burn | 2 | 2 | level |
Ownership
| Smart Money Flows | 5 | 7 | TON +2 | |
| Insider Selling | 5 | 2 | QNT +3 | |
| Holder Concentration | 4 | 2 | QNT +2 |
Traction
| TVL Trend | 3 | 2 | QNT +1 | |
| Active Users | 3 | 6 | TON +3 | |
| Developer Activity | 5 | 7 | TON +2 | |
| Network Growth | 4 | 5 | TON +1 |
Position
| Market Share | 5 | 4 | QNT +1 | |
| Competitive Moat | 6 | 7 | TON +1 | |
| Institutional Adoption | 6 | 5 | QNT +1 | |
| Exchange Depth | 5 | 7 | TON +2 | |
| Social Mindshare | 5 | 8 | TON +3 |
Risk
| Regulatory Safety | 6 | 3 | QNT +3 | |
| Catalyst Calendar | 4 | 8 | TON +4 | |
| BTC Alpha Potential | 4 | 3 | QNT +1 | |
| Team Execution | 5 | 7 | TON +2 | |
| Treasury Runway | 6 | 5 | QNT +1 |
Bars read outward from the centre: QNT 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
| QNT | TON | |
|---|---|---|
| Price | $242.14 | $1.42 |
| Market cap | $3.53B | $4.02B |
| Circulating | 99.5% | 53.6% |
| Dilution to full supply | 1x | 1.86x |
| Off all-time high | -43.3% | -82.7% |
| To recover the high | 1.8x | 5.8x |
| Total value locked | not published | $56.4M |
| Network | Ethereum | 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
QNT · WATCH
Overledger enterprise partnerships (e.g., Oracle, SIA); ISO 20022 compliance
Centralized token supply; slow real-world adoption vs. Hyperledger/Corda
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 QNT or TON the better investment?
- On this framework QNT scores higher: 116 against 110 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 QNT still wins 14 of the 25 individual variables against TON.
- What is the biggest difference between QNT and TON?
- Vesting Schedule. QNT scores 7 of 10 there and TON scores 2, a gap of 5 points on a single variable.
- Which is bigger, QNT or TON?
- QNT is valued at $3.53B 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.