BAND vs XTZ
Band Protocol and Tezos scored on the same 25 variables, ranked against the same 251 tokens, with every gap between them shown.
Scoring pass 18 Sept 2026. Market snapshot 7 Oct 2026.
What separates them
BAND scores 73 of 250 and ranks 231st of 251. XTZ scores 88 and ranks 199th. XTZ leads by 15 points, which is a real gap, though small enough that one variable moving would close much of it. BAND takes 1 of the 25 variables, XTZ takes 12, and 12 are level.
No single variable separates BAND and XTZ by as much as 3 points. They are close on the framework's terms, which makes price, liquidity and the supply position below the only grounds for choosing.
Both score 3 or below on Protocol Revenue, Revenue Trend, Buyback and Burn, Smart Money Flows, TVL Trend, Active Users and 7 more. A weakness both sides share is not a reason to prefer either. It is a reason to check whether the category itself carries the problem.
XTZ is valued at $336.3M against $40.8M for BAND, a 8.2x difference. The larger of the two also scores higher, so the market and the framework agree on the ordering here.
All 25 variables, head to head
Both tokens were scored by the same framework in the same pass, so the numbers are directly comparable. What a comparison adds over two separate pages is the gap: a 6 against a 6 is a non-event, a 9 against a 3 is the reason to hold one and not the other.
Cash flow
| Protocol Revenue | 2 | 2 | level | |
| Revenue Trend | 2 | 2 | level | |
| P/S Multiple | 4 | 3 | BAND +1 | |
| Real Staking Yield | 3 | 5 | XTZ +2 |
Supply
| Supply Inflation | 4 | 5 | XTZ +1 | |
| Vesting Schedule | 5 | 7 | XTZ +2 | |
| Circulating / FDV Ratio | 6 | 8 | XTZ +2 | |
| Buyback and Burn | 1 | 1 | level |
Ownership
| Smart Money Flows | 2 | 2 | level | |
| Insider Selling | 3 | 4 | XTZ +1 | |
| Holder Concentration | 3 | 4 | XTZ +1 |
Traction
| TVL Trend | 2 | 2 | level | |
| Active Users | 2 | 2 | level | |
| Developer Activity | 3 | 3 | level | |
| Network Growth | 2 | 2 | level |
Position
| Market Share | 2 | 2 | level | |
| Competitive Moat | 2 | 3 | XTZ +1 | |
| Institutional Adoption | 2 | 4 | XTZ +2 | |
| Exchange Depth | 4 | 5 | XTZ +1 | |
| Social Mindshare | 2 | 2 | level |
Risk
| Regulatory Safety | 6 | 7 | XTZ +1 | |
| Catalyst Calendar | 2 | 2 | level | |
| BTC Alpha Potential | 2 | 2 | level | |
| Team Execution | 3 | 4 | XTZ +1 | |
| Treasury Runway | 4 | 5 | XTZ +1 |
Bars read outward from the centre: BAND to the left, XTZ to the right. The side that leads a variable is filled. Each score is 1 to 10 against the same definition applied to all 251 rated tokens.
Market and supply
| BAND | XTZ | |
|---|---|---|
| Price | $0.2228 | $0.3062 |
| Market cap | $40.8M | $336.3M |
| Circulating | 99.9% | 98.2% |
| Dilution to full supply | 1x | 1.02x |
| Off all-time high | -99.02% | -96.6% |
| To recover the high | 102x | 29.4x |
| Total value locked | not published | $22.0M |
| Network | Ethereum | Tezos |
Price, market cap and all-time high from the CoinGecko snapshot fetched 7 Oct 2026. Supply shares are derived from circulating and eventual supply counts, which do not move with price. The 25 scores come from the research pass dated 18 Sept 2026.
Catalyst and risk on each side
BAND · PASS
Band V3 upgrade targeting cross-chain data availability
BAND has lost virtually all developer mindshare to Chainlink, Pyth, and API3; token near all-time lows in USD terms
XTZ · PASS
Tezos institutional tokenization and RWA focus may sustain niche enterprise use
No meaningful DeFi network, developer exodus, volume near all-time-lows, token has no value accrual mechanism
Common questions
- Is BAND or XTZ the better investment?
- On this framework XTZ scores higher: 88 against 73 of 250, and it is rated PASS against PASS. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and BAND still wins 1 of the 25 individual variables against XTZ.
- What is the biggest difference between BAND and XTZ?
- Nothing separates them by more than 2 points on any of the 25 variables, which is unusual and means the two are close substitutes on fundamentals.
- Which is bigger, BAND or XTZ?
- BAND is valued at $40.8M and XTZ at $336.3M on the latest market snapshot.
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Research and analysis, not investment advice. A higher score is one framework applied consistently to 251 tokens, not a prediction that one asset will outperform the other.