Quant price, chart and market data

How to read the QNT price

A single number on a chart tells you less than it seems. Quant trades at a price that looks expensive next to most altcoins, but that is mostly a function of supply. There are only about 14.6 million QNT in existence, against a billion LINK or a hundred billion XRP. Price per token is therefore the wrong yardstick for comparing projects; market capitalisation (price multiplied by circulating supply) is the one that matters.

Run the arithmetic with the figures CoinGecko reported on 2 November 2026: roughly $200 per token times 14,556,178 circulating QNT gives a market cap of about $2.91 billion and a rank of #35. CoinPaprika, using a smaller circulating figure of around 12.07 million, showed the same token at $2.41–2.44 billion and rank #44. Same price, different market cap, because the two sites count supply differently. We come back to that discrepancy below.

The practical consequence is that a $10 move in QNT is about a 5% move at a $200 price, which is a normal day for a mid-cap crypto asset. When you see "QNT up $50 in a day", check the percentage and the volume before reading anything into it. The chart above shows 24-hour volume alongside market cap for exactly that reason.

Price, market cap and the fixed supply

Because the supply has not changed since the token burn in September 2018 (details on the tokenomics page), the market cap and the price move in lockstep. There is no inflation diluting holders and no emissions schedule to model. If you know one number, you know the other: divide any market-cap figure by about 14.56 million and you have the implied price.

What the 2026 spike looked like from the inside

The September move is a useful case study in how thin-float tokens behave. From a $61 close on 17 September to a $287 close on 1 October is a 4.7× move in two weeks. OKX launched a QNT perpetual with up to 50× leverage during the rally, and leverage of that kind tends to amplify both the climb and the fall. By 25 October the daily close had given back almost 40% from the peak. None of this changed the fundamentals: The Clearing House network is not scheduled to go live until the first half of 2027, and neither TCH nor Quant has said banks must hold QNT.

What moves the QNT price

Quant is an unusual token in that the company behind it sells software to banks, and the token's demand story depends on a relatively small set of institutional deals. That gives the price a different set of drivers from a DeFi token or a memecoin.

Enterprise announcements

The biggest single-day moves in QNT's history have followed institutional news: the Overledger Network launch in September 2021 and the TCH selection in September 2026. Earlier, the ECB naming Quant a digital-euro pioneer partner (May 2025) and the UK tokenised sterling deposits project (September 2025) were well received but did not produce comparable spikes. The pattern is that announcements involving money actually moving, rather than pilots, get the strongest reaction. The partnerships and CBDC pages track these in detail.

Bitcoin and the wider market

Like almost every altcoin, QNT tends to fall when Bitcoin falls, whatever Quant the company is doing. The 2022 drawdown from $225 to $41 happened against a brutal crypto bear market, not any failure at Quant. PrimeXBT's market research also points to macro events such as US Federal Reserve meetings and to leverage on perpetual futures as short-term drivers. In a down cycle, good enterprise news can be absorbed with barely a ripple.

Low float and holder concentration

With roughly 14.6 million tokens and ~187,000 holders, QNT's order books are shallow relative to its market cap. A tokenomics audit by 8blocks estimated that around 65% of supply sits in a single treasury-related address; that estimate is unverified, but even a lower concentration would explain why modest buying can push the price a long way. The flip side is that modest selling does the same.

Exchange liquidity

Almost all QNT trading happens on centralised exchanges. On 2 November 2026 the total depth across Ethereum DEX pools was about $2.3 million, against more than $40 million in daily centralised volume. If a major venue were to delist or halt a pair, liquidity would thin quickly. Binance, for example, listed QNT/USDT as trading but had its QNT/BTC, QNT/BNB and QNT/USDC pairs on "break" status when we checked.

Licence demand (smaller than people think)

Quant introduced an annual Overledger licence fee of £100 payable in QNT in December 2021. Even thousands of licences would buy a trivial amount of a $2.9 billion token, and Quant's current FAQ says fees can be paid in USD as well as QNT. The narrative that banks will need to buy QNT in size is not supported by anything TCH, UK Finance or Quant has published. Fusion's gas-token and trusted-node roles may change that, but the staking parameters remain unpublished; our staking page explains the status.

Where the price data comes from

The chart on this page is drawn in your browser from CoinGecko's public API, which aggregates 87 QNT trading pairs across centralised and decentralised exchanges. CoinMarketCap, CoinPaprika and the exchanges themselves publish their own prices; they agree to within a fraction of a percent on price but can differ sharply on supply and therefore market cap.

The supply discrepancy, explained honestly

CoinGecko and Etherscan both report about 14,556,178 QNT in circulation out of a total 14,612,493. CoinPaprika uses a total of 14,881,364 and implies a circulating figure near 12.07 million; Ethplorer's market cap implies the same ~12.07 million. The 12.07 million figure appears to come from a MiCA white paper quoted by CoinMarketCap and Bitrue, which lists a maximum supply of 14,881,364 and circulating supply of 12,072,738. We have not been able to reconcile these with the on-chain record, and the token's own transparency filing on Blockworks uses the Etherscan figures.

To add to the confusion, the contract's totalSupply still reads 45,467,000 QNT because the 2018 burn sent tokens to a burn address rather than reducing the contract counter. Etherscan labels this "max total supply", which is why you will see 45 million quoted in forum posts. It is not the live supply.

The transaction tracker page reads holder and transfer counts straight from the Ethereum blockchain explorers, which is the one source that cannot disagree with itself.

Liquidity by exchange

Where you trade matters for the price you actually get. The table lists the largest QNT markets by 24-hour volume as CoinGecko reported them on 2 November 2026. Volumes change daily; the ranking is more stable than the dollar figures.

Smaller but notable markets include Crypto.com QNT/USD ($369k), BtcTurk QNT/TRY ($177k), Paribu QNT/TRY ($128k) and Gemini QNT/USD ($17.8k). On the decentralised side, the largest pool was Uniswap V4 QNT/USDC with about $1.13 million in liquidity. For a practical walk-through of fees, payment methods and regional availability, see exchanges and how to buy Quant.

One thing the chart cannot show

Price data stops at the exchange. It cannot tell you whether a move came from one large holder, from leveraged futures traders, or from thousands of small buyers. For that you need on-chain data, and even that only shows transfers between wallets, not trades inside an exchange. Keep both limitations in mind before reading a story into any candle.