# Tezos (XTZ): fees, revenue multiple and fair price

Source: Chainfees, https://chainfees.fyi/chain/tezos/ · data through 2026-11-09 · rebuilt hourly.

Tezos ranks #31 of 59: at $279M FDV and $98.4K of yearly network fees, its revenue multiple of 2,838× sits above the median. The market is paying up for more than its fees: at the median multiple XTZ would be $0.2291 (−8.0%).

For comparison, Tezos is 2.2× pricier than Ethereum (1,268×) and 6.4× cheaper than Bitcoin (18,076×).

| Metric | Value |
|---|---|
| Undervalued rank | #31 of 59 |
| Type | L1 |
| Token | XTZ |
| Price | $0.2491 |
| FDV | $279M |
| Market cap | $274M |
| Yearly fees (90d, annualized) | $98.4K |
| Revenue multiple (FDV/Fees) | 2,838× |
| Fair price (median revenue multiple) | $0.2291 (−8.0%) |
| Transfer fee | — |
| Average transaction fee | — |

## FAQ

### Is Tezos undervalued?

Not by its fees. Tezos's revenue multiple of 2,838× is above the median chain's, so it ranks #31 of 59.

### How much does Tezos earn in fees?

$98.4K a year, annualized from the last 90 days of network fees (DefiLlama).

### What would XTZ be worth at a fair revenue multiple?

$0.2291, −8.0% from $0.2491 today. That's the price at the median revenue multiple of all ranked chains.

Definitions: https://chainfees.fyi/learn/ · Methodology: https://chainfees.fyi/methodology/ · Full ranking: https://chainfees.fyi/llms-full.txt