Gelato (GEL)
Web3 automation network. Smart contract execution as a service.
Ranked 106th of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
GEL scores 107 of 250 across the 25-variable framework, which places it 106th of 251 rated tokens and inside the upper half of the set. The framework verdict is WATCH.
The score rests on Developer Activity 6/10, 33rd of 251, Insider Selling 5/10, 42nd of 251, BTC Alpha Potential 4/10, 45th of 251 and Network Growth 5/10, 52nd of 251.
Against the same universe, GEL sits in the bottom third on Exchange Depth 3/10, 220th of 251. These are the variables that would have to move for the verdict to change.
Only 67.1% of GEL's maximum supply is in circulation, so 1.49x the current float is still scheduled to arrive. Holding price per token flat while the rest enters circulation implies 32.9% of the fully diluted value sitting ahead of today's holders. That is a real but manageable overhang.
GEL trades 99.979% below its all-time high of $4.21. Recovering that level is a 4,762x move, not a 99.979% one, which is the arithmetic most drawdown charts hide.
The framework score gained 107 points against the previous pass (0 to 107). Revisions of this size follow a change in the underlying variables, not a change in price.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 3 | 98th of 251 | |
| Revenue Trend | 4 | 71st of 251 | |
| P/S Multiple | 4 | 104th of 251 | |
| Real Staking Yield | 3 | 143rd of 251 |
Supply
| Supply Inflation | 5 | 61st of 251 | |
| Vesting Schedule | 5 | 100th of 251 | |
| Circulating / FDV Ratio | 5 | 135th of 251 | |
| Buyback and Burn | 2 | 114th of 251 |
Ownership
| Smart Money Flows | 4 | 93rd of 251 | |
| Insider Selling | 5 | 42nd of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 4 | 65th of 251 | |
| Active Users | 4 | 91st of 251 | |
| Developer Activity | 6 | 33rd of 251 | |
| Network Growth | 5 | 52nd of 251 |
Position
| Market Share | 5 | 52nd of 251 | |
| Competitive Moat | 5 | 57th of 251 | |
| Institutional Adoption | 4 | 71st of 251 | |
| Exchange Depth | 3 | 220th of 251 | |
| Social Mindshare | 4 | 86th of 251 |
Risk
| Regulatory Safety | 5 | 102nd of 251 | |
| Catalyst Calendar | 4 | 90th of 251 | |
| BTC Alpha Potential | 4 | 45th of 251 | |
| Team Execution | 5 | 74th of 251 | |
| Treasury Runway | 5 | 74th of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
Web3 automation demand rising with modular blockchains; Gelato's middleware layer captures value across chains.
Principal risk
Competition from Chainlink Keepers and native rollup sequencers; token utility reliant on fee burn mechanism.
Market and supply
| Price | $0.000868 |
| Market cap | $245.0Krank 4438 |
| All-time high | $4.2130 Nov 2021 |
| Circulating supply | 282,357,939 |
| Eventual supply (max supply) | 420,690,000 |
| Dilution to full supply | 1.49x |
| Listed on | Coinbase, Gate.io, Uniswap |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to GEL measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Common questions
- What is the Early Thunder score for Gelato (GEL)?
- GEL scores 107 out of 250 on the 25-variable framework, ranking 106th of 251 rated tokens (upper half). The framework verdict is WATCH.
- What are GEL's strongest fundamentals?
- GEL ranks highest on Developer Activity 6/10, 33rd of 251, Insider Selling 5/10, 42nd of 251, BTC Alpha Potential 4/10, 45th of 251 and Network Growth 5/10, 52nd of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the GEL thesis?
- GEL scores in the bottom third of the universe on Exchange Depth 3/10, 220th of 251. The single risk carried on the scorecard is: Competition from Chainlink Keepers and native rollup sequencers; token utility reliant on fee burn mechanism.
- How much GEL supply is still to enter circulation?
- 67.1% of eventual GEL supply is circulating today, leaving 1.49x the current float still to arrive. At a flat price per token that is 32.9% of fully diluted value ahead of current holders.
- How far is GEL from its all-time high?
- GEL trades 99.979% below its all-time high of $4.21. Returning to that high requires a 4,762x move from the level used in this scoring pass.
- Which tokens have a similar profile to GEL?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to GEL are RAD (97), POOL (96), SHDW (103) and GTC (106). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for GEL?
- Web3 automation demand rising with modular blockchains; Gelato's middleware layer captures value across chains.
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.