How to compare two crypto projects fairly and without hype
Compare two crypto projects fairly by setting one reference date, using the same criteria for both, and checking supply, unlocks and value capture.
Vahe HakobyanEditor-in-chief
Updated Oct 6, 20263 min readFact-checked
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Start with what each project does and who uses it, because those facts shape every number you check later. A busy website does not prove that people use the network or that the token has a job.
What should you know before comparing?
Before you compare numbers, write one short profile for each project. Explain what the project does, who uses it, and whether its token is necessary for the work. These notes keep you from judging one project by a feature that does not apply to the other.
Which checks do you run side by side?
Use one reference date for both projects and write the answers side by side. Do not judge by price alone, because a chart records past trades and not what a project does. The checks below use the same questions for each project.
- 1Set one reference dateSet one reference date. Write it at the top of your notes and use it for every figure you collect for both projects.
- 2Compare supply and holdersCompare supply and holders. Read total supply, circulating supply, the unlock schedule and holder concentration for both projects from the same source, because different dates or sources make the comparison misleading.
- 3Check token value captureCheck token value capture. Look for staking, governance or a fee link that gives the token a job, and write down when you find no clear link.
- 4Verify team and auditsVerify team and audits. Read the project's own documents, the auditor's report and any public code, because paid posts and influencers are not neutral.
- 5Check on-chain activityCheck on-chain activity. Use a block explorer to see whether people use the network, and compare the same measure for both projects.
What should you do after comparing?
Save your notes in one place with the reference date at the top. Write down where each figure came from and the date you read it. A comparison is a snapshot, so it can go out of date.
Frequently asked questions
A coin is the native asset of its own blockchain. A token is issued on another blockchain. Compare supply, holders and value link the same way.
Look in the project's token documentation or a site that tracks token releases. Use the same kind of page for both projects.
Yes, if you use shared criteria such as supply, unlocks, team and audits. Skip a measure that fits only one project.
There is no fixed schedule. Run it again when your notes no longer match what the project reports, such as after a major event.
