IOTA (IOTA)
DAG-based IoT ledger that spent 6 years rebuilding its coordinator; fully diluted with no DeFi network
Ranked 221st of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
IOTA scores 78 of 250 across the 25-variable framework, which places it 221st of 251 rated tokens and inside the bottom quartile of the set. The framework verdict is PASS.
IOTA is a top-10 name in the set on 2 variables. The score rests on Circulating / FDV Ratio 10/10, 1st of 251, Supply Inflation 8/10, 8th of 251, Regulatory Safety 7/10, 17th of 251 and Vesting Schedule 8/10, 21st of 251.
Against the same universe, IOTA sits in the bottom third on Market Share 1/10, 245th of 251, Active Users 1/10, 243rd of 251, Network Growth 1/10, 242nd of 251 and BTC Alpha Potential 1/10, 240th of 251. These are the variables that would have to move for the verdict to change.
92.5% of eventual supply is already circulating, so vesting is not a live risk for IOTA. Price has to be justified by demand rather than absorbed against a cliff.
IOTA trades 99.35% below its all-time high of $5.25. Recovering that level is a 153.8x move, not a 99.35% one, which is the arithmetic most drawdown charts hide.
The framework score gained 7 points against the previous pass (71 to 78). Revisions of this size follow a change in the underlying variables, not a change in price.
$2.5M sits in the protocol. Each dollar of value locked carries 62.59 dollars of token market cap.
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 | 1 | 221st of 251 | |
| Revenue Trend | 1 | 231st of 251 | |
| P/S Multiple | 2 | 218th of 251 | |
| Real Staking Yield | 1 | 226th of 251 |
Supply
| Supply Inflation | 8 | 8th of 251 | |
| Vesting Schedule | 8 | 21st of 251 | |
| Circulating / FDV Ratio | 10 | 1st of 251 | |
| Buyback and Burn | 1 | 205th of 251 |
Ownership
| Smart Money Flows | 2 | 217th of 251 | |
| Insider Selling | 5 | 42nd of 251 | |
| Holder Concentration | 3 | 197th of 251 |
Traction
| TVL Trend | 1 | 229th of 251 | |
| Active Users | 1 | 243rd of 251 | |
| Developer Activity | 3 | 208th of 251 | |
| Network Growth | 1 | 242nd of 251 |
Position
| Market Share | 1 | 245th of 251 | |
| Competitive Moat | 2 | 223rd of 251 | |
| Institutional Adoption | 2 | 192nd of 251 | |
| Exchange Depth | 5 | 73rd of 251 | |
| Social Mindshare | 2 | 230th of 251 |
Risk
| Regulatory Safety | 7 | 17th of 251 | |
| Catalyst Calendar | 3 | 158th of 251 | |
| BTC Alpha Potential | 1 | 240th of 251 | |
| Team Execution | 3 | 208th of 251 | |
| Treasury Runway | 4 | 181st 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
IOTA 2.0 decentralized protocol (no coordinator) finally live; Assembly smart contract layer in development
Principal risk
Zero smart contract activity, no DeFi TVL, IoT machine-economy thesis never materialized, fully diluted supply already in circulation
Market and supply
| Price | $0.0342 |
| Market cap | $156.5Mrank 188 |
| All-time high | $5.2518 Dec 2017 |
| Circulating supply | 4,580,092,521 |
| Eventual supply (total supply) | 4,951,204,852 |
| Dilution to full supply | 1.08x |
| Total value locked | $2.5M |
| Listed on | Binance, Bitfinex, KuCoin |
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 IOTA 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.
Sources
- [CoinGecko] IOTA ATH $5.69 in Dec 2017; 99% below ATH with no DeFi network
- [IOTA Foundation] IOTA 2.0 (Stardust) removed coordinator but smart contract adoption remains near zero
- [IOTA Tokenomics] Supply fully circulating at 2.78B MIOTA, no further inflation
Common questions
- What is the Early Thunder score for IOTA (IOTA)?
- IOTA scores 78 out of 250 on the 25-variable framework, ranking 221st of 251 rated tokens (bottom quartile). The framework verdict is PASS.
- What are IOTA's strongest fundamentals?
- IOTA ranks highest on Circulating / FDV Ratio 10/10, 1st of 251, Supply Inflation 8/10, 8th of 251, Regulatory Safety 7/10, 17th of 251 and Vesting Schedule 8/10, 21st of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the IOTA thesis?
- IOTA scores in the bottom third of the universe on Market Share 1/10, 245th of 251, Active Users 1/10, 243rd of 251, Network Growth 1/10, 242nd of 251 and BTC Alpha Potential 1/10, 240th of 251. The single risk carried on the scorecard is: Zero smart contract activity, no DeFi TVL, IoT machine-economy thesis never materialized, fully diluted supply already in circulation
- How much IOTA supply is still to enter circulation?
- 92.5% of eventual IOTA supply is circulating today, leaving 1.08x the current float still to arrive. At a flat price per token that is 7.5% of fully diluted value ahead of current holders.
- How far is IOTA from its all-time high?
- IOTA trades 99.35% below its all-time high of $5.25. Returning to that high requires a 153.8x move from the level used in this scoring pass.
- Which tokens have a similar profile to IOTA?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to IOTA are MANA (66), AGLD (86), QTUM (61) and THETA (105). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for IOTA?
- IOTA 2.0 decentralized protocol (no coordinator) finally live; Assembly smart contract layer in development
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.