Tensor (TNSR)
Leading Solana NFT marketplace and trading platform. Pro tools.
Ranked 89th of 251 rated tokens. Scoring pass 18 Sept 2026.
What the numbers say
TNSR scores 112 of 250 across the 25-variable framework, which places it 89th of 251 rated tokens and inside the upper half of the set. The framework verdict is WATCH.
The score rests on Team Execution 6/10, 30th of 251, Developer Activity 6/10, 33rd of 251, Active Users 5/10, 38th of 251 and Social Mindshare 5/10, 41st of 251.
Against the same universe, TNSR sits in the bottom third on Circulating / FDV Ratio 4/10, 203rd of 251. These are the variables that would have to move for the verdict to change.
Only 74.3% of TNSR's maximum supply is in circulation, so 1.35x the current float is still scheduled to arrive. Holding price per token flat while the rest enters circulation implies 25.7% of the fully diluted value sitting ahead of today's holders. That is a real but manageable overhang.
TNSR trades 98.3% below its all-time high of $2.23. Recovering that level is a 58.8x move, not a 98.3% one, which is the arithmetic most drawdown charts hide.
The framework score gained 112 points against the previous pass (0 to 112). Revisions of this size follow a change in the underlying variables, not a change in price.
TNSR clears 7 of 10 on none of the 25 variables. Its best three are Team Execution at 6, Developer Activity at 6, Active Users at 5. The market does pay for Active Users, so even the little that works here is already in the price. It is weak on Institutional Adoption, which the market does price, so that damage is already done and visible in the valuation.
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 | 4 | 60th 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 | 4 | 203rd of 251 | |
| Buyback and Burn | 2 | 114th of 251 |
Ownership
| Smart Money Flows | 5 | 48th of 251 | |
| Insider Selling | 5 | 42nd of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 4 | 65th of 251 | |
| Active Users | 5 | 38th 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 | 3 | 115th of 251 | |
| Exchange Depth | 5 | 73rd of 251 | |
| Social Mindshare | 5 | 41st of 251 |
Risk
| Regulatory Safety | 5 | 102nd of 251 | |
| Catalyst Calendar | 4 | 90th of 251 | |
| BTC Alpha Potential | 4 | 45th of 251 | |
| Team Execution | 6 | 30th 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
Tensor's NFT marketplace dominance on Solana; potential airdrop/staking utility for TNSR.
Principal risk
Declining Solana NFT volumes; competition from Magic Eden and Blur.
Market and supply
| Price | $0.0374 |
| Market cap | $27.8Mrank 722 |
| All-time high | $2.238 Apr 2024 |
| Circulating supply | 743,088,205 |
| Eventual supply (max supply) | 1,000,000,000 |
| Dilution to full supply | 1.35x |
| Listed on | Binance, Kraken, Bybit |
Price, market cap, supply and all-time high from CoinGecko, fetched 7 Oct 2026. The 25 scores come from the research pass dated 18 Sept 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to TNSR 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.
TNSR compared head to head
Both sides of each comparison were scored by the same framework in the same pass, so the gap between them is a measurement rather than two readings taken with different rulers.
Common questions
- What is the Early Thunder score for Tensor (TNSR)?
- TNSR scores 112 out of 250 on the 25-variable framework, ranking 89th of 251 rated tokens (upper half). The framework verdict is WATCH.
- What are TNSR's strongest fundamentals?
- TNSR ranks highest on Team Execution 6/10, 30th of 251, Developer Activity 6/10, 33rd of 251, Active Users 5/10, 38th of 251 and Social Mindshare 5/10, 41st of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the TNSR thesis?
- TNSR scores in the bottom third of the universe on Circulating / FDV Ratio 4/10, 203rd of 251. The single risk carried on the scorecard is: Declining Solana NFT volumes; competition from Magic Eden and Blur.
- How much TNSR supply is still to enter circulation?
- 74.3% of eventual TNSR supply is circulating today, leaving 1.35x the current float still to arrive. At a flat price per token that is 25.7% of fully diluted value ahead of current holders.
- How far is TNSR from its all-time high?
- TNSR trades 98.3% below its all-time high of $2.23. Returning to that high requires a 58.8x move from the level used in this scoring pass.
- Which tokens have a similar profile to TNSR?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to TNSR are ORCA (123), BICO (109), GTC (106) and STG (117). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for TNSR?
- Tensor's NFT marketplace dominance on Solana; potential airdrop/staking utility for TNSR.
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.