Gate News Bot Report, February 24 — According to CoinMarketCap data, at press time, ZAMA (Zama) is trading at $0.02, up 10.26% in the past 24 hours, with a high of $0.03 and a low of $0.02. The 24-hour trading volume reached $41.6 million. The current market cap is approximately $50.4 million, an increase of $4.68 million from yesterday.
Zama is an open-source cryptographic protocol that enables confidential smart contracts on any L1 or L2 using Fully Homomorphic Encryption (FHE) technology. The Zama Protocol keeps on-chain data encrypted at all times, even during processing, while ensuring publicly verifiable results.
The protocol uses co-processors to offload FHE computations from the base chain, maintaining low gas fees, while achieving horizontal scalability and public verifiability. Zama brings compliant confidentiality to on-chain finance, supporting applications such as confidential token swaps, lending, yield farming, confidential stablecoin trading, self-custody banking, confidential token issuance, RWA tokenization, and sealed bid auctions.
Zama is currently the fastest FHE protocol, capable of handling 20 TPS per chain, enough to run the entire Ethereum network under FHE. It is expected to reach 1,000 TPS next year. The Zama Protocol is now live on the mainnet, and the developer program’s first season has been launched.
Recent Important ZAMA News:
1️⃣ Market enthusiasm for token public auctions continues
The Zama public auction raised $1.18 million, demonstrating strong market interest. The success attracted many participants, reflecting investor confidence in the prospects of fully homomorphic encryption technology and providing a solid foundation for token liquidity.
2️⃣ Mainnet deployment and developer ecosystem development progress
The Zama Protocol has completed mainnet deployment and launched the first season of the developer program, marking the transition from theoretical research to practical application. This progress lays a solid foundation for ecosystem building, attracting more developers and promoting real-world use cases.
3️⃣ Strengthening market positioning of privacy computing technology
As the fastest FHE protocol, Zama has a clear performance advantage. Its current capacity of 20 TPS, with a goal of 1,000 TPS next year, demonstrates a well-defined development roadmap. This performance edge will be a key factor in attracting institutional applications and unlocking long-term value.
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