Gate News Bot Report, February 14 — According to CoinMarketCap data, at press time, ZAMA (Zama) is priced at $0.02, up 15.30% over the past 24 hours, reaching a high of $0.03 and a low of $0.02. The 24-hour trading volume is $234 million. The current market capitalization is approximately $44.7 million, an increase of $5.93 million from yesterday.
Zama is an open-source cryptographic protocol that enables confidential smart contracts on any L1 or L2 blockchain using Fully Homomorphic Encryption (FHE) technology. The Zama Protocol keeps on-chain data encrypted throughout processing, ensuring security while providing publicly verifiable results. The protocol has launched on mainnet, utilizing co-processors to offload FHE computations to reduce gas costs and achieve horizontal scalability.
Zama opens up new use cases for DeFi applications, including confidential token swaps, lending, yield farming, confidential stablecoin trading, self-custody banking, confidential token issuance, RWA tokenization, and sealed auctions. Developers can write Zama contracts in Solidity, mark private sections with the euint data type, and define decryption permission rules directly within smart contracts to comply with regulations. Currently, Zama supports processing 20 transactions per second per chain, sufficient to run all Ethereum functions, with an expected increase to 1,000 transactions per second next year.
Recent important news about ZAMA:
1️⃣ Token Launch and Market Liquidity Initiation
Zama’s token has recently gone live, marking a key milestone in the protocol’s ecosystem marketization process. The token launch, along with trading liquidity, provides investors with a direct channel to participate in the ecosystem, helping to foster active market engagement and price discovery.
2️⃣ Funding Background and Ecosystem Development Investment
Zama has raised a total of $118 million in a public funding round, including a multi-million dollar Series B financing, indicating strong institutional confidence in its FHE privacy encryption technology. These funding achievements support ongoing protocol development and ecosystem expansion, boosting market confidence in its long-term prospects.
3️⃣ Strategic Acquisitions to Strengthen Privacy Expansion Capabilities
Zama has strengthened its privacy and scalability capabilities through strategic acquisitions such as KKrt Labs, further consolidating its competitiveness in blockchain privacy solutions. This strategic move demonstrates the project’s clear intent to enhance its technological moat and ecosystem depth.
This news is not investment advice. Investors should be aware of market volatility risks.
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