TON vs XLM
Toncoin and Stellar 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
TON scores 110 of 250 and ranks 94th of 251. XLM scores 108 and ranks 100th. TON leads by 2 points, which is inside the range where the individual variables matter more than the total. TON takes 10 of the 25 variables, XLM takes 12, and 3 are level.
5 variables separate them by 3 points or more. TON is clear on Catalyst Calendar (8 against 4), Social Mindshare (8 against 4) and Smart Money Flows (7 against 4). XLM is clear on Vesting Schedule (5 against 2) and Insider Selling (5 against 2).
Both score 3 or below on Protocol Revenue, Revenue Trend, Buyback and Burn, TVL Trend, BTC Alpha Potential. 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 29.9% for XLM. On the same market capitalisation, a buyer of TON is taking the 1.86x dilution path and a buyer of XLM the 1.43x one.
XLM is valued at $7.01B against $4.02B for TON, a 1.7x 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 | 1 | 3 | XLM +2 | |
| Revenue Trend | 2 | 3 | XLM +1 | |
| P/S Multiple | 3 | 4 | XLM +1 | |
| Real Staking Yield | 5 | 3 | TON +2 |
Supply
| Supply Inflation | 3 | 5 | XLM +2 | |
| Vesting Schedule | 2 | 5 | XLM +3 | |
| Circulating / FDV Ratio | 4 | 5 | XLM +1 | |
| Buyback and Burn | 2 | 3 | XLM +1 |
Ownership
| Smart Money Flows | 7 | 4 | TON +3 | |
| Insider Selling | 2 | 5 | XLM +3 | |
| Holder Concentration | 2 | 4 | XLM +2 |
Traction
| TVL Trend | 2 | 3 | XLM +1 | |
| Active Users | 6 | 4 | TON +2 | |
| Developer Activity | 7 | 5 | TON +2 | |
| Network Growth | 5 | 4 | TON +1 |
Position
| Market Share | 4 | 4 | level | |
| Competitive Moat | 7 | 5 | TON +2 | |
| Institutional Adoption | 5 | 5 | level | |
| Exchange Depth | 7 | 6 | TON +1 | |
| Social Mindshare | 8 | 4 | TON +4 |
Risk
| Regulatory Safety | 3 | 6 | XLM +3 | |
| Catalyst Calendar | 8 | 4 | TON +4 | |
| BTC Alpha Potential | 3 | 3 | level | |
| Team Execution | 7 | 5 | TON +2 | |
| Treasury Runway | 5 | 6 | XLM +1 |
Bars read outward from the centre: TON to the left, XLM 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
| TON | XLM | |
|---|---|---|
| Price | $1.42 | $0.2001 |
| Market cap | $4.02B | $7.01B |
| Circulating | 53.6% | 70.1% |
| Dilution to full supply | 1.86x | 1.43x |
| Off all-time high | -82.7% | -77.1% |
| To recover the high | 5.8x | 4.4x |
| Total value locked | $56.4M | not published |
| Network | TON | Stellar |
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
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
XLM · WATCH
Stellar's cross-border payment partnerships (e.g., MoneyGram); Soroban smart contract adoption, live on mainnet since early 2024.
Slow payment adoption vs. XRP; limited DeFi network; regulatory uncertainty.
Common questions
- Is TON or XLM the better investment?
- On this framework TON scores higher: 110 against 108 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 TON still wins 10 of the 25 individual variables against XLM.
- What is the biggest difference between TON and XLM?
- Catalyst Calendar. TON scores 8 of 10 there and XLM scores 4, a gap of 4 points on a single variable.
- Which is bigger, TON or XLM?
- TON is valued at $4.02B and XLM at $7.01B on the latest market snapshot.
Related comparisons
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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.