XLM vs ZEC
Stellar and Zcash 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
XLM scores 108 of 250 and ranks 100th of 251. ZEC scores 101 and ranks 135th. XLM leads by 7 points, which is inside the range where the individual variables matter more than the total. XLM takes 10 of the 25 variables, ZEC takes 3, and 12 are level.
One variable separates them by 3 points or more. XLM is clear on Regulatory Safety (6 against 3).
Both score 3 or below on Protocol Revenue, Revenue Trend, Buyback and Burn, Real Staking Yield, TVL Trend. 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.
ZEC is valued at $22.59B against $7.01B for XLM, a 3.2x difference. The smaller of the two scores higher on fundamentals, which is the disagreement worth understanding before either position is taken.
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 | 3 | 3 | level | |
| Revenue Trend | 3 | 3 | level | |
| P/S Multiple | 4 | 4 | level | |
| Real Staking Yield | 3 | 2 | XLM +1 |
Supply
| Supply Inflation | 5 | 5 | level | |
| Vesting Schedule | 5 | 6 | ZEC +1 | |
| Circulating / FDV Ratio | 5 | 7 | ZEC +2 | |
| Buyback and Burn | 3 | 2 | XLM +1 |
Ownership
| Smart Money Flows | 4 | 4 | level | |
| Insider Selling | 5 | 4 | XLM +1 | |
| Holder Concentration | 4 | 4 | level |
Traction
| TVL Trend | 3 | 2 | XLM +1 | |
| Active Users | 4 | 3 | XLM +1 | |
| Developer Activity | 5 | 5 | level | |
| Network Growth | 4 | 3 | XLM +1 |
Position
| Market Share | 4 | 4 | level | |
| Competitive Moat | 5 | 5 | level | |
| Institutional Adoption | 5 | 4 | XLM +1 | |
| Exchange Depth | 6 | 6 | level | |
| Social Mindshare | 4 | 4 | level |
Risk
| Regulatory Safety | 6 | 3 | XLM +3 | |
| Catalyst Calendar | 4 | 4 | level | |
| BTC Alpha Potential | 3 | 5 | ZEC +2 | |
| Team Execution | 5 | 4 | XLM +1 | |
| Treasury Runway | 6 | 5 | XLM +1 |
Bars read outward from the centre: XLM to the left, ZEC 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
| XLM | ZEC | |
|---|---|---|
| Price | $0.2001 | $1,331 |
| Market cap | $7.01B | $22.59B |
| Circulating | 70.1% | 80.8% |
| Dilution to full supply | 1.43x | 1.24x |
| Off all-time high | -77.1% | -58.3% |
| To recover the high | 4.4x | 2.4x |
| Total value locked | not published | not published |
| Network | Stellar | Zcash |
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
XLM · WATCH
Stellar's cross-border payment partnerships (e.g., MoneyGram); Soroban smart contract adoption, live on mainnet since early 2024.
Slow payment adoption vs. XRP; limited DeFi network; regulatory uncertainty.
ZEC · WATCH
ZEC halving reduced miner emissions; Shielding growth and the Crosslink hybrid finality work led by Shielded Labs, not the Electric Coin Company and shielded transaction growth
Regulatory delistings accelerating; most ZEC transactions are transparent not shielded; Monero preferred by privacy community; ECC funding concerns
Common questions
- Is XLM or ZEC the better investment?
- On this framework XLM scores higher: 108 against 101 of 250, and it is rated WATCH against WATCH. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and XLM still wins 10 of the 25 individual variables against ZEC.
- What is the biggest difference between XLM and ZEC?
- Regulatory Safety. XLM scores 6 of 10 there and ZEC scores 3, a gap of 3 points on a single variable.
- Which is bigger, XLM or ZEC?
- XLM is valued at $7.01B and ZEC at $22.59B 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.