Kava (KAVA)
EVM+Cosmos hybrid chain that failed to differentiate; stagnant TVL and minimal protocol revenue
Ranked 219th of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
KAVA scores 80 of 250 across the 25-variable framework, which places it 219th of 251 rated tokens and inside the bottom quartile of the set. The framework verdict is PASS.
The score rests on Real Staking Yield 5/10, 37th of 251, Regulatory Safety 6/10, 52nd of 251, Holder Concentration 4/10, 58th of 251 and Exchange Depth 5/10, 73rd of 251.
Against the same universe, KAVA sits in the bottom third on Social Mindshare 2/10, 230th of 251, Catalyst Calendar 2/10, 222nd of 251, Active Users 2/10, 220th of 251 and Smart Money Flows 2/10, 217th of 251. These are the variables that would have to move for the verdict to change.
100% of eventual supply is already circulating, so vesting is not a live risk for KAVA. Price has to be justified by demand rather than absorbed against a cliff.
KAVA trades 99.56% below its all-time high of $9.12. Recovering that level is a 227.3x move, not a 99.56% one, which is the arithmetic most drawdown charts hide.
The framework score lost 10 points against the previous pass (90 to 80). Revisions of this size follow a change in the underlying variables, not a change in price.
$38.0M sits in the protocol. Each dollar of value locked carries 1.15 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 | 2 | 166th of 251 | |
| Revenue Trend | 2 | 191st of 251 | |
| P/S Multiple | 3 | 182nd of 251 | |
| Real Staking Yield | 5 | 37th of 251 |
Supply
| Supply Inflation | 3 | 199th of 251 | |
| Vesting Schedule | 4 | 181st of 251 | |
| Circulating / FDV Ratio | 6 | 88th of 251 | |
| Buyback and Burn | 2 | 114th of 251 |
Ownership
| Smart Money Flows | 2 | 217th of 251 | |
| Insider Selling | 4 | 151st of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 2 | 189th of 251 | |
| Active Users | 2 | 220th of 251 | |
| Developer Activity | 4 | 158th of 251 | |
| Network Growth | 2 | 215th of 251 |
Position
| Market Share | 2 | 203rd of 251 | |
| Competitive Moat | 3 | 175th of 251 | |
| Institutional Adoption | 2 | 192nd of 251 | |
| Exchange Depth | 5 | 73rd of 251 | |
| Social Mindshare | 2 | 230th of 251 |
Risk
| Regulatory Safety | 6 | 52nd of 251 | |
| Catalyst Calendar | 2 | 222nd of 251 | |
| BTC Alpha Potential | 2 | 200th of 251 | |
| Team Execution | 4 | 147th 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
KAVA tokenomics revamp and bridge improvements could attract more EVM DeFi liquidity
Principal risk
TVL stagnant, no meaningful protocol revenue, competition from native Cosmos and EVM L2s is intense
Market and supply
| Price | $0.0405 |
| Market cap | $43.8Mrank 465 |
| All-time high | $9.1230 Aug 2021 |
| Circulating supply | 1,082,846,942 |
| Eventual supply (total supply) | 1,082,846,942 |
| Dilution to full supply | 1x |
| Total value locked | $38.0M |
| Listed on | Binance, Kraken, 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 KAVA 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] KAVA ATH $9.12 in Jan 2022, now $0.060, 99.3% drawdown
- [DeFiLlama] Kava DeFi TVL ~$38M, flat for 18+ months
- [Kava Blog] Kava 11 mainnet launched EVM co-chain but adoption remains limited
Common questions
- What is the Early Thunder score for Kava (KAVA)?
- KAVA scores 80 out of 250 on the 25-variable framework, ranking 219th of 251 rated tokens (bottom quartile). The framework verdict is PASS.
- What are KAVA's strongest fundamentals?
- KAVA ranks highest on Real Staking Yield 5/10, 37th of 251, Regulatory Safety 6/10, 52nd of 251, Holder Concentration 4/10, 58th of 251 and Exchange Depth 5/10, 73rd of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the KAVA thesis?
- KAVA scores in the bottom third of the universe on Social Mindshare 2/10, 230th of 251, Catalyst Calendar 2/10, 222nd of 251, Active Users 2/10, 220th of 251 and Smart Money Flows 2/10, 217th of 251. The single risk carried on the scorecard is: TVL stagnant, no meaningful protocol revenue, competition from native Cosmos and EVM L2s is intense
- How much KAVA supply is still to enter circulation?
- 100% of eventual KAVA supply is circulating today, leaving 1x the current float still to arrive. At a flat price per token that is 0% of fully diluted value ahead of current holders.
- How far is KAVA from its all-time high?
- KAVA trades 99.56% below its all-time high of $9.12. Returning to that high requires a 227.3x move from the level used in this scoring pass.
- Which tokens have a similar profile to KAVA?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to KAVA are EGLD (85), CELO (94), XTZ (88) and GLMR (94). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for KAVA?
- KAVA tokenomics revamp and bridge improvements could attract more EVM DeFi liquidity
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.