# Mezo

> Track Mezo's market cap with daily on-chain data across 2 chains. Compare Mezo with other blockchains (L2). See charts and datasets in one place. Updated daily.

Source: [Mezo on Token Terminal](https://tokenterminal.com/explorer/projects/mezo). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Token: MEZO
- Sectors: Blockchains (L2)
- Chains: ethereum, mezo

## About

### What it is

Mezo is a Bitcoin-native Layer 2 network built for Bitcoin-denominated finance. It enables users to access liquidity against their Bitcoin holdings via MUSD, a Bitcoin-backed stablecoin, alongside lending and yield products without selling the underlying BTC.

### Who uses it

Mezo is built by Thesis, the team behind tBTC, Fold, and Taho. The MEZO token is used for governance and gas on the Mezo network.

### How it works

Bitcoin holders bridge BTC into Mezo, where it can be used as collateral to mint MUSD, a Bitcoin-backed stablecoin, or deployed across DeFi applications. Network activity is paid for in MEZO. Holders can stake MEZO to participate in governance.

## Metrics

Token Terminal tracks these metrics for Mezo daily. Each page has a chart with the full history.

- [Price](https://tokenterminal.com/explorer/projects/mezo/metrics/price)
- [Fully diluted market cap](https://tokenterminal.com/explorer/projects/mezo/metrics/market-cap-fully-diluted)
- [Circulating market cap](https://tokenterminal.com/explorer/projects/mezo/metrics/market-cap-circulating)
- [Token trading volume](https://tokenterminal.com/explorer/projects/mezo/metrics/token-trading-volume)
- [Token turnover (fully diluted)](https://tokenterminal.com/explorer/projects/mezo/metrics/token-turnover-fully-diluted)
- [Token turnover (circulating)](https://tokenterminal.com/explorer/projects/mezo/metrics/token-turnover-circulating)
- [Token holders](https://tokenterminal.com/explorer/projects/mezo/metrics/tokenholders)
- [Circulating supply](https://tokenterminal.com/explorer/projects/mezo/metrics/token-supply-circulating)

## Links

- [website](https://mezo.org/)
- [twitter](https://twitter.com/MezoNetwork)