TL;DR
- Idea: Enable confidential smart contracts on existing public blockchains using Fully Homomorphic Encryption
- Catalyst: Recent mainnet launch with FHE integration and Binance listing increased liquidity and visibility
- Risks: Nascent technology with limited real-world deployments, adoption uncertainty and potential token volatility
- Score: 7.00/ 10
Coin
- Name/ Ticker: Zama (ZAMA)
- Segment: Privacy Infrastructure
- Status: live
- Price: $0.035260
Key Metrics
- Market Cap: $77 948 296
- FDV: $389 741 481
- Circulating Supply: 2 200 000 000
- Total Supply: 11 000 000 000
Sources
Technology
- USP: First advanced confidentiality layer for public blockchains enabling end-to-end encryption via FHE
- Core Technology: Fully Homomorphic Encryption combined with Multi-Party Computation and Zero-Knowledge Proofs
Roadmap
- 2025-12-30: Ethereum Mainnet launch with FHE integration
- 2026-06-30: Support for Other EVM chains
- 2026-12-31: Solana support for confidential smart contracts
Team & Investors
Team
- Co-founder & CEO — Rand Hindi: PhD in bioinformatics; founder of Snips; CEO of Zama
- Co-founder & CTO — Pascal Paillier: IACR Fellow 2025; former cryptographic researcher at Gemalto and Thales
- COO — Jeremy Bradley-Silverio Donato: Operations leader with cryptography background
- Chief Scientist — Marc Joye: Dozens of patents in crypto research; FHE expert
- VP Blockchain Technology — Morten D.: Lead engineer in blockchain infrastructure
- Marketing & Events Lead — Agathe Prépin: Marketing strategist with events background
- VP of Growth — Irene Patrikios: Growth leader with scaling tech startup experience
- Director of Business Development — Antoine H.: Business development in crypto and enterprise
- Engineering — Clément Walter: Software engineer focusing on cryptography
- Senior Software Engineer — Elias Tazartes: Senior engineer with FHE and blockchain focus
Investors
- Multicoin Capital — Series A • 2024-03-07 • $73.00M
- Protocol Labs — Series A • 2024-03-07
- Pantera Capital — Series B • 2025-06-25 • $57.00M
- Blockchange Ventures — Series B • 2025-06-25
- a16z Crypto — Series B • 2025-06-25
- CoinFund — Series B • 2025-06-25
- Stake Capital — Other
- Portal Ventures — Other
- Metaplane — Other
- Anatoly Yakovenko — Series A • 2024-03-07
Total funding: $130.00M
Tokenomics
- Utility: Pay encryption and decryption fees; staking; delegation; securing FHE operations
- Vesting: Immediate unlock for auction participants; no further vesting schedule disclosed
- Next Unlock: (0.00% of circulating)
Pros & Cons
Strengths
- Groundbreaking FHE technology enabling confidential smart contracts
- Post-quantum secure encryption
- Plug-and-play layer for existing EVM and Solana chains
- Strong backing by top-tier investors
- Experienced team of cryptography pioneers and engineers
- High liquidity following major exchange listings
- Composable with existing DeFi and dApps
- Scalable via GPU accelerators and dedicated hardware
Weaknesses
- Technology complexity may hinder developer adoption
- Unproven at large scale under real-world conditions
- Token volatility due to initial sell pressure
- Limited real-world use cases currently in production
- Dependence on node operators introduces centralization risk
- Regulatory uncertainty around privacy protocols
- Competition from other confidentiality solutions
- Vesting schedule undisclosed beyond initial unlocks
Market Signals (7d)
- CEX volume trend: up
- Active addresses trend: up
Price Scenarios (target: 2026-08-03)
- Bear: $0.017630 — Assumes 50% drawdown from current price in a prolonged market downturn
- Base: $0.070520 — Assumes 100% price increase based on increased adoption and network growth by target date
- Bull: $0.105780 — Assumes 200% price increase driven by mainstream adoption and strong demand for privacy
How to Buy & Store
CEX
- Binance
- KuCoin
- Coinbase
- OKX
- Gate.io
DEX
- Uniswap
- PancakeSwap
- SushiSwap
- Raydium
- 1inch
Storage
- MetaMask
- Trust Wallet
- Ledger
- Trezor
- Gnosis Safe
Verdict
Zama’s pioneering FHE protocol and robust backing position it as a leading privacy infrastructure play, though adoption risks and token volatility remain key considerations.
Official Links
Source: Coin Research (internal)
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