Tezos XTZ

Where XTZ sits in the market

#118 places Tezos in the top of the mid-cap band. Liquidity is already fragmented at this depth: a large share of real XTZ volume can sit on two or three venues, so a quote on a secondary exchange may lag the primary market by seconds and by more than a basis point. Position size matters more than entry timing here.

CryptoPingAi is currently streaming 5 live XTZ order books (Binance, Gate.io, HTX, Upbit, Bithumb). That is coverage in line with a #118 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

XTZ against its all-time high

XTZ is down more than 95% from its $9.12 peak (on 2021-10-04), leaving a 35.5x gap to reclaim. A drawdown this deep strips the record of analytical use: the supply structure, the holder base and usually the market cycle behind that print no longer exist. For XTZ the informative reference is the downside, which makes the range section below more relevant than this one. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

XTZ across its historical range

The recorded range runs 27.1x, from $0.3366 to $9.12 — wide by the standards of traditional assets, moderate for this one's class.

XTZ trades within -23.7% of the all-time low of $0.3366 set on 2026-03-29. Below that mark the chart is blank — no prior trading means no support level to cite, no volume shelf and no cluster of cost basis to lean on. Because that low is itself recent, the asset is in an active downtrend rather than sitting at an old floor — each new low invalidates the previous one as a reference.

XTZ supply structure

XTZ has no hard cap. 1.08 billion XTZ of a 1.10 billion total is in circulation (98.2%), leaving 20.0 million held back. That overhang is modest but real — worth checking the unlock calendar before treating float as fixed.

What kind of asset XTZ is

Tezos is a base-layer network, so XTZ is simultaneously the chain's security budget and its unit of account rather than a claim on a business. Value accrual runs through validator economics and through whatever activity settles on the chain itself. It is secured by proof of stake, so a portion of the supply is bonded to validators at any moment and the float genuinely available to trade is smaller than the circulating figure implies; unstaking queues, not order books, set how fast that can change.

CoinGecko files XTZ under 10 categories, including Layer 1 (L1), Tezos Ecosystem, Proof of Stake (PoS), GMCI Layer 1 Index, GMCI Index. Worth flagging from the metadata: XTZ is tracked in the GMCI Layer 1 Index, and is tagged as US-originated.

How to set a Tezos alert that is worth receiving

Tezos (XTZ) — quoted on 5 venues we stream — high dated 2021-10-04 — rank #118. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →