Token · MEZO · Rank #2,357
Owning MEZO: Uses, Chains and Risks
MEZO is Mezo’s utility and governance token, separate from the MUSD stablecoin minted against Bitcoin collateral. Know which chain you hold it on, how supply is changing and what risks come with the token and borrowing platform.
Market data
MEZO market data
- Market cap
- $2.04M
- Rank #2,357
- Fully diluted value
- $4.09M
- Volume (24h)
- $278K
- Change 7d / 30d
- −27.8% / +16.6%
- Change 1y
- —
- Circulating supply
- 500M
- Total / max supply
- 1B / 1B
- All-time high
- $0.1485
- Apr 13, 2026
- All-time low
- $0.002651
- Oct 23, 2026
## What does MEZO do if you hold it?
What does MEZO do if you hold it?
MEZO is Mezo’s utility and governance token. It is separate from MUSD, the dollar-pegged stablecoin users can mint by putting Bitcoin up as collateral. The core Mezo use case is borrowing against BTC without selling it: you deposit collateral, mint MUSD and use that stablecoin while your Bitcoin backs the loan.
Holding MEZO does not by itself mean you have deposited Bitcoin, opened a loan or minted MUSD. Those are distinct actions involving the Mezo platform. The project describes MEZO as a governance token, but the specific voting rights and how governance decisions are carried out are not published here. Check the current token documentation before treating ownership as a right to direct the protocol or receive income.
If you are considering MEZO, separate the token’s role from the platform’s borrowing product. A token purchase does not automatically give you access to a particular loan rate or guarantee that MUSD will hold its peg.
## Which chains can you use for MEZO?
Which chains can you use for MEZO?
MEZO is the native token of the Mezo chain and is also issued on Ethereum and Base. These are separate network versions of the token; sending MEZO on one network to an address or service expecting another network can result in a loss. Before you deposit or transfer, check that the wallet and receiving platform support the exact chain and token version you intend to use.
The project facts do not identify a particular wallet or publish token contract addresses. Use a wallet that supports the selected network, and confirm an address through Mezo’s official documentation before adding a token manually. Do not rely on a token name or symbol alone: unrelated assets can share them.
If you move tokens between chains, verify that the bridge or transfer route supports MEZO and understand its fees, timing and risks first. Do not assume that MEZO held on Ethereum or Base can be used in the same way as the native token on Mezo.
## How much MEZO exists?
How much MEZO exists?
MEZO has a maximum and total supply of 1 billion tokens. The circulating supply is 500 million, or half of that maximum, as of 2026-11-08. Circulating supply can change as tokens enter circulation, so check an up-to-date figure before using it to assess the token.
As of 2026-11-08, MEZO’s market capitalization was about $2.0 million and its fully diluted valuation was about $4.1 million. These are time-sensitive estimates, not guarantees of what you could sell your tokens for. Trading activity and available liquidity can affect the price you receive, especially for a smaller token.
The project has not published a launch date or detailed release schedule in these facts. Do not assume the uncirculated half is locked permanently or will be released on a particular timetable. Before making a decision, look for current information on allocations, vesting and future unlocks, since new supply can affect holders.
## How can you store MEZO, and what can go wrong?
How can you store MEZO, and what can go wrong?
Store MEZO in a wallet that supports the chain holding your tokens. For longer-term storage, a hardware wallet can keep signing keys offline, but you still need to select the correct network when sending. Back up your recovery phrase offline, never share it, and test a small transfer before moving a larger amount. A wallet cannot reverse a mistaken transfer or protect you if you approve a malicious transaction.
MEZO carries token-price and liquidity risk, and the value of your holdings can fall. The Mezo borrowing system adds separate risks: Bitcoin collateral can lose value, and a position may be liquidated if it no longer meets the protocol’s requirements. MUSD’s dollar peg is not a guarantee that it will always trade at one dollar. The project has not published an audit in these facts, so check for current independent security information before using the protocol.
Keep MEZO, MUSD and BTC collateral distinct in your records. Owning the token does not remove smart-contract, network, custody or operational risks.
By the numbers
MEZO in numbers
MEZO (MEZO) is ranked #2,357 by market capitalisation, with a market cap of about $2.04M and a price of $0.004082 as of Nov 8, 2026. Its fully diluted valuation is $4.09M, so roughly 50% of the eventual supply is in circulation today; tokens still to be released could add selling pressure.
The price was down 27.8% over 7 days, up 16.6% over 30 days. It trades about 97% below its all-time high of $0.1485, set on Apr 13, 2026.
About 500M MEZO are in circulation out of a maximum supply of 1B (50% issued).
24-hour trading volume was about $278K, or 14% of its market cap: high turnover.
MEZO is the native token of Mezo; it also has token contracts on 2 chains we track, including Ethereum, Base. Always check the contract address before buying or bridging: copycat tokens often reuse a well-known name and ticker.
CoinGecko groups MEZO under Layer 1 tokens, Lending and borrowing tokens.
Where it runs
MEZO chains and contract addresses
Contract addresses as listed by CoinGecko. Verify them on the project's own channels before sending funds.
Similar tokens
Lending and borrowing tokens near MEZO in market cap
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Kaskad#2125 · $0.002652 · −22.5% 7d
Quantix Finance#2938 · $1.10 · −86.6% 7d
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TrueFi#3016 · $0.0008099 · +9.1% 7d
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NetNet#3323 · $157.39 · −0.8% 7d
Radiant Capital#3506 · $0.0004512 · −6.1% 7d
MEZO FAQs
What is MEZO used for?
MEZO is described as Mezo’s utility and governance token. It is not the same as MUSD, the dollar-pegged stablecoin users can mint against Bitcoin collateral.
Which network is MEZO on?
MEZO is issued on Mezo, Ethereum and Base, with Mezo as its native chain. Confirm the network and token address before sending or receiving it, because versions on different chains are not automatically interchangeable.
What is MEZO’s maximum supply?
MEZO has a maximum and total supply of 1 billion, with 500 million circulating as of 2026-11-08. The project has not published a detailed release schedule in these facts, so check for current allocation and unlock information.
How do I store MEZO safely?
Use a wallet that supports the chain where your MEZO is held, and keep your recovery phrase offline and private. Verify the receiving network and address before transferring; transactions sent to the wrong network may not be recoverable.
What are the main risks of holding MEZO?
MEZO is a volatile token, and its price and liquidity can change quickly. Using Mezo to borrow against Bitcoin also involves collateral, liquidation, smart-contract and MUSD peg risks; holding MEZO alone does not open a loan.
What is the market cap of MEZO?
As of Nov 8, 2026, MEZO had a market cap of about $2.04M, ranking #2,357 among cryptocurrencies by market capitalisation. Market cap is price multiplied by circulating supply, so it moves with the price.
What is the all-time high of MEZO?
MEZO's all-time high is $0.1485, reached on Apr 13, 2026. Its all-time low is $0.002651 (Oct 23, 2026). Past prices say nothing about future returns.
What is the circulating supply of MEZO?
As of Nov 8, 2026, about 500M MEZO were in circulation, against a maximum supply of 1B.
Which blockchains is MEZO on?
MEZO is the native token of Mezo. It has token contracts on Ethereum, Base.