RETH vs SNX
Rocket Pool ETH and Synthetix 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
RETH scores 159 of 250 and ranks 14th of 251. SNX scores 130 and ranks 45th. RETH leads by 29 points, which is a wide enough margin that the framework is not ambivalent. RETH takes 18 of the 25 variables, SNX takes 3, and 4 are level.
The framework rates RETH HOLD and SNX CAUTIOUS HOLD. 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. RETH is clear on Smart Money Flows (8 against 4), Active Users (6 against 3) and Market Share (5 against 2).
RETH is valued at $946.8M against $137.5M for SNX, a 6.9x difference. The larger of the two also scores higher, so the market and the framework agree on the ordering here.
SNX trades 99.17% below its all-time high and RETH 46.6% below its own. Recovering the high needs 120.5x from SNX and 1.9x from RETH, 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 | 4 | 4 | level | |
| Revenue Trend | 4 | 5 | SNX +1 | |
| P/S Multiple | 7 | 7 | level | |
| Real Staking Yield | 9 | 7 | RETH +2 |
Supply
| Supply Inflation | 8 | 8 | level | |
| Vesting Schedule | 10 | 9 | RETH +1 | |
| Circulating / FDV Ratio | 10 | 9 | RETH +1 | |
| Buyback and Burn | 5 | 7 | SNX +2 |
Ownership
| Smart Money Flows | 8 | 4 | RETH +4 | |
| Insider Selling | 8 | 8 | level | |
| Holder Concentration | 6 | 5 | RETH +1 |
Traction
| TVL Trend | 4 | 3 | RETH +1 | |
| Active Users | 6 | 3 | RETH +3 | |
| Developer Activity | 7 | 6 | RETH +1 | |
| Network Growth | 6 | 5 | RETH +1 |
Position
| Market Share | 5 | 2 | RETH +3 | |
| Competitive Moat | 6 | 3 | RETH +3 | |
| Institutional Adoption | 5 | 2 | RETH +3 | |
| Exchange Depth | 4 | 3 | RETH +1 | |
| Social Mindshare | 5 | 4 | RETH +1 |
Risk
| Regulatory Safety | 7 | 5 | RETH +2 | |
| Catalyst Calendar | 6 | 8 | SNX +2 | |
| BTC Alpha Potential | 5 | 3 | RETH +2 | |
| Team Execution | 7 | 6 | RETH +1 | |
| Treasury Runway | 7 | 4 | RETH +3 |
Bars read outward from the centre: RETH to the left, SNX 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
| RETH | SNX | |
|---|---|---|
| Price | $3,002 | $0.2367 |
| Market cap | $946.8M | $137.5M |
| Circulating | 100% | 99.9% |
| Dilution to full supply | 1x | 1x |
| Off all-time high | -46.6% | -99.17% |
| To recover the high | 1.9x | 120.5x |
| Total value locked | $2.10B | $210.0M |
| 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
RETH · HOLD
Ethereum restaking demand and EigenLayer integration; Rocket Pool Saturn upgrade improving capital efficiency
RETH carries smart contract risk and Rocket Pool slashing insurance risk; slower growth vs. Lido's dominant wstETH
SNX · CAUTIOUS HOLD
SUSD repeg in ~6 weeks triggers 100% SNX buybacks, ETH mainnet CLOB launch
Hyperliquid 70-80% market share dominance, $210M TVL vs HYPE $6.2B, broken sUSD peg
Common questions
- Is RETH or SNX the better investment?
- On this framework RETH scores higher: 159 against 130 of 250, and it is rated HOLD against CAUTIOUS HOLD. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and RETH still wins 18 of the 25 individual variables against SNX.
- What is the biggest difference between RETH and SNX?
- Smart Money Flows. RETH scores 8 of 10 there and SNX scores 4, a gap of 4 points on a single variable.
- Which is bigger, RETH or SNX?
- RETH is valued at $946.8M and SNX at $137.5M 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.