TL;DR
- Idea: Boundless is a universal zero-knowledge proof protocol providing off-chain proof generation and on-chain verification for any blockchain to enhance scalability and interoperability.
- Catalyst: Binance listing on September 15, 2025; launch of Season 2 incentivized proving program; strategic partnerships with Ethereum Foundation, Wormhole, and EigenLayer.
- Risks: Early-stage project with potential for high volatility due to airdrop sell-offs, inflation-driven dilution risk, and reliance on widespread adoption of prover network.
- Score: 8.00/ 10
Coin
- Name/ Ticker: Boundless (ZKC)
- Segment: DePIN
- Status: active
- Price: $0.729891
Key Metrics
- Market Cap: $146 662 096
- FDV: $729 890 000
- Circulating Supply: 200 937 056
- Total Supply: 1 000 000 000
- Inflation: 7.00%
Sources
Technology
- USP: Chain-agnostic decentralized zero-knowledge proving infrastructure enabling any blockchain to offload heavy computation and verify via succinct proofs.
- Core Technology: Proof-of-Verifiable-Work marketplace powered by RISC Zero zkVM for off-chain execution and on-chain ZK SNARK proof settlement.
Roadmap
- 2025-07-16: Incentivized testnet (Mainnet Beta) launch on Base
- 2025-08-19: Public token economics announcement
- 2025-08-25: Token Generation Event and Season 1 airdrop start
- 2025-08-20: Season 2 incentivized proving program launch
- 2025-09-15: Mainnet full launch and Binance listing
- 2025-12-31: Projected full mainnet v1.0 launch
Team & Investors
Team
- CEO — Shiv Shankar: Former CTO of RiscZero; managed Avalanche L1 at Ava Labs; worked at Coinbase, Microsoft, Amazon, Lyft, and Grab
- CTO — Frank Laub: Co-founder and Chief Technology Officer at RISC Zero; led development of zkVM infrastructure
- COO — Joseph Restivo: Chief Operating Officer of Boundless; former VP of Product at RISC Zero
- VP Product — Brett Carter: Vice President of Product at Boundless; formerly led product teams at RISC Zero
- General Counsel — Lindsay Danas Cohen: General Counsel of Boundless; previously General Counsel at multiple blockchain startups
Investors
- Bain Capital Crypto — seed • 2022-08-01 • $12.00M
- Cota Capital — seed • 2022-08-01
- Blockchain Capital — series_a • 2023-07-01 • $40.00M
- Delphi Ventures — series_a • 2023-07-01
- Galaxy Digital — series_a • 2023-07-01
Total funding: $52.00M
Tokenomics
- Utility: Used for staking to secure the network, governance voting, collateral for proof requests, and reward distribution to provers.
- Vesting: Public sale: 50% unlocked at TGE, remaining 50% unlocks after 6 months.
- Next Unlock: 2026-03-15 (6.87% of circulating)
Pros & Cons
Strengths
- Universal ZK proving infrastructure accessible to all blockchains
- Strong backing from RISC Zero, Ethereum Foundation, Wormhole, and EigenLayer
- Well-capitalized with $52M raised from top-tier VCs
- Binance listing and financial product support enhance liquidity
- Proof-of-Verifiable-Work aligns token rewards with real compute work
- Chain-agnostic design avoids fragmentation and leverages host-chain security
- Early mainnet beta traction with over 2,700 prover nodes online
- Comprehensive developer tools including SDKs, CLI, and smart contracts
Weaknesses
- Early-stage protocol with limited track record of mainnet usage
- High initial inflation (7%) may lead to token dilution
- Potential for airdrop-induced sell-off causing price volatility
- Reliance on hardware-intensive prover network may centralize node operators
- Competition from other ZK and L2 scalability solutions
- No own consensus layer, dependent on security of host chains
- Complex integration may slow developer adoption
Market Signals (7d)
- TVL trend: N/A
- CEX volume trend: increasing
- Active addresses trend: increasing
Price Scenarios (target: 2026-03-21)
- Bear: $0.300000 — Assumes 60% decline due to airdrop sell-off and market volatility
- Base: $1.000000 — Assumes market cap growth to $300M based on stable adoption of protocol
- Bull: $3.000000 — Assumes 3x current price driven by broad adoption and expanded use cases
How to Buy & Store
CEX
- Binance
- HTX
- MEXC
- Bybit
- Coinbase
DEX
- Uniswap
- PancakeSwap
- SushiSwap
- 1inch
- Novaswap
Storage
- MetaMask
- Ledger
- Trezor
- Trust Wallet
- Coinbase Wallet
Verdict
High-potential protocol with strong backing and real-world use-case, but early-stage volatility and execution risks remain.
Official Links
Source: Coin Research (internal)
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