No single dated event in the next 90 days.
Bakers earn new XTZ every block. Burns barely dent it.
XTZ runs Tezos: 1.10B coins circulate and 98.2% of all XTZ is unlocked. New XTZ pays the bakers; small burns take a little back.
Sell pressure. Baker pay created 8.12M XTZ in 90 days, and old 2017 sale claims added 15,159. Nothing vests, and Foundation moves stay inside the float.
Buy pressure. Storage and exchange burns destroyed 32,772 XTZ, plus 30,000 from lost rollup bonds.
Net. Net, supply grows about 0.73% in 90 days, and about 0.74% next.
Tezos pays the bakers who make and confirm blocks in brand-new XTZ, and the pay rate moves with how much XTZ is staked: the more people stake, the lower the rate. About 31% of supply is staked now and the yearly rate sits near 3.1%. Over these 90 days the chain created 8,117,661 XTZ, about 90,200 a day. The extra payment to the chain's built-in exchange has been switched off by bakers since Jun 2 2026.
Nothing vests. The founders' and the Foundation's launch shares paid out monthly over four years and finished in 2022, so no locked team pile is left to open.
About 19.97M XTZ from the 2017 sale has never been claimed and is not counted as circulating. Buyers still claim some now and then: 15,159 XTZ came out in four claims this window, and 93,003 XTZ in 13 claims over the year, so we expect about 23,251 XTZ next. The Tezos Foundation's known wallets hold about 93.66M XTZ (four bakers 33.24M, ten delegator wallets 30.42M, and two new wallets with 30.00M that it funded on Oct 6–7 2026 and that stake with its own bakers). Those coins already count as circulating, so moving or selling them adds nothing new.
No estate, trustee or court case is paying XTZ out, and no long lock is releasing coins.
No contract or treasury buys XTZ back on the market. Transaction fees go to the bakers, not to a buyer.
Two small burns. Storing new data on Tezos destroys XTZ (22,775 XTZ this window), and the chain's built-in exchange sends 0.1% of every trade to a dead address (9,997 XTZ). Together about 32,772 XTZ, roughly 0.4% of the new coins.
No announcement or on-chain flow shows the Foundation or any project treasury buying XTZ this window.
Staking is real and can be slashed, and stakers earn three times the reward of plain delegators. But staked XTZ still counts as circulating, so more staking takes nothing out of the float — it only lowers the reward rate above.
Operators of the Etherlink rollup post a 10,000 XTZ bond. Between Aug 15 and Aug 18 2026 six bonds were lost in disputes: half of each went to the winner and half, 30,000 XTZ in total, was destroyed. This is a one-off, so we expect none next.
Two sides: how much people want XTZ right now, and how much buying could come later.
This part is based on social media. It shows how hot XTZ is right now. A better rank means more people are talking about it.
Today, people are talking about XTZ for two reasons:
On Oct 7 2026 Tezos co-founder Arthur Breitman spoke on a TOKEN2049 panel about whether quantum computers threaten crypto. On Oct 8 2026 a developer made what may be the first wallet-app transaction on Quantumnet, Tezos's test network for quantum-safe tz5 accounts. People ask if being early on quantum safety will matter to buyers.
Tezos's new proposal period started Oct 7 2026 and runs to Oct 21 2026, but no upgrade has been submitted so far. Bakers must back a proposal in this window for a vote to start. People ask what the next upgrade will bring, and when.
Checked Oct 13 2026
Supply and demand point to a negative long-run signal for Tezos (Oct 15 2026, score 5/10). Tezos adds +0.74% new supply in 90 days, and demand reads modest (2.5/5). Tezos's price drivers: 1 ▲ price up, 2 ▼ price down.
Two things look heavy. Etherlink deposits sit about 80% below their Oct 2025 peak, and the Foundation treasury fell from $767M to $530M in about 640 days. Supply grows +2.95% a year while demand reads modest (2.5/5). Next date to watch: the proposal window closes Oct 21 2026. Supply and demand still read negative for Tezos in the long run.
Not on its own. Tezos adds +0.74% new supply in 90 days vs Solana's +1.27%, but Solana's demand is strong (4/5) while Tezos reads modest (2.5/5). That puts Solana ahead, 6/10 vs 5/10 on Oct 10 2026. Solana is also about 220 times bigger: $72B vs $0.32B. Our supply-and-demand read for Tezos stays negative.
Tezos trades near 29.3 cents (Oct 15 2026). $100 a coin means a $110B market cap, 341 times today's $322M. Tezos's supply also grows +2.95% in the next year, so every extra coin needs buyers too. Our supply-and-demand read for Tezos stays negative.
We would read Tezos differently if new supply keeps arriving (+0.74% in 90 days), or demand falls from modest, or Etherlink deposits and Foundation treasury keep pointing down. Until then Tezos's signal stays negative. Mark this date for Tezos: Oct 21 2026 — Proposal window closes.
Tezos scores 5/10 on our framework (Oct 15 2026): supply 2.5/5 (moderate), demand 2.5/5. Over the next year Tezos's supply changes +2.95%. The long-run signal is negative.
Supply and demand favor Tezos most when little new supply is coming, demand is strong and the price drivers point up. Right now Tezos has +0.74% new supply in 90 days (moderate), demand modest (2.5/5), drivers 1 ▲ / 2 ▼.
Tezos's price drivers today: 1 pointing up, 2 pointing down, out of 3. ▼ Etherlink deposits: Etherlink deposits sit about 80% below their Oct 2025 peak. ▲ Upgrade votes: No new proposal yet; this window closes Oct 21 2026. ▼ Foundation treasury: Treasury fell from $767M to $530M in about 640 days.
Tezos: negative signal, 5/10 · Bitcoin: positive signal, 8.5/10 (Oct 15 2026). By supply and demand, Tezos reads weaker than Bitcoin today.
Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →
We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. XTZ supply grows +0.74% in the next 90 days, so it shows in red: more XTZ reaches the market than is removed. Zero or falling supply is always green, any growth is red.
One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.
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