Tezos surges 30% as post-quantum code goes live and XTZ reaches $0.38

  • Tezos rallied 30%, broke $0.30 resistance, and reached $0.38 for the first time since May.
  • Trading volume climbed 878% to $68 million, while open interest rose 44% to $18.1 million.
  • Tezos Commons launched post-quantum code through an experimental DAL shownet with 12 bakers and 14 nodes.

Tezos rallied 30% to about $0.34 after breaking above descending resistance, surpassing $0.30 and reaching $0.38 for the first time since May. Trading volume rose 878% to $68 million, while the launch of Tezos Commons' post-quantum resilient DAL shownet added an ecosystem catalyst. The experimental network has 12 bakers and 14 DAL nodes and is designed to replace the quantum-vulnerable KZG polynomial commitment, allowing developers to test infrastructure through RPC endpoints. New users increased from 573 to 608, and daily transactions reached 121,000. Coinglass data showed open interest rising 44% to $18.1 million and derivatives volume jumping 272% to $58 million. The overall Long/Short Ratio remained below 1 at about 0.96, although it was above 1 on Binance and OKX. The near-term outlook is bullish while demand holds, with $0.38, $0.40 and $0.50 identified as successive targets; a decline below $0.30 remains possible if speculation fades or bullish positions are forced out.

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