🔎 Coins Research — Zama (ZAMA) — 05 February 2026

TL;DR

• Idea: Zama is a cross-chain confidentiality layer enabling fully encrypted smart contracts on public blockchains using Fully Homomorphic Encryption (FHE).
• Catalyst: Listing on Kraken, KuCoin, OKX, Bitunix and BitTap in early February 2026.
• Risks: High technical complexity and computational demands; regulatory uncertainty around privacy features; early adoption hurdles.
• Score: 8.00/ 10

Coin

• Name/ Ticker: Zama (ZAMA)
• Segment: Privacy Infrastructure
• Status: live
• Price: $0.028640

Key Metrics

• Market Cap: $63 204 973
• FDV: $316 024 867
• Circulating Supply: 2 200 000 000
• Total Supply: 11 000 000 000
• Inflation: 10.00%

Sources

1. https://www.coingecko.com/en/coins/zama
2. https://docs.zama.org/protocol/zama-protocol-litepaper

Technology

• USP: Cross-chain end-to-end encrypted smart contracts via Fully Homomorphic Encryption.
• Core Technology: Fully Homomorphic Encryption combined with Multi-Party Computation and Zero-Knowledge proofs.

Roadmap

• 2025-07-01: Public testnet launch
• 2025-11-24: Ethereum mainnet launch
• 2026-06-30: Support for other EVM chains
• 2026-12-31: Solana protocol support

Team & Investors

Team

• CEO — Dr. Rand Hindi: Former CEO of Snips acquired by Sonos; partner at Unit.vc; PhD in Bioinformatics
• CTO — Dr. Pascal Paillier: Inventor of the Paillier encryption scheme and FHE pioneer
• Chief Academic Officer — Prof. Nigel Smart: Renowned cryptographer with extensive FHE research
• Chief Scientist — Dr. Marc Joye: Expert cryptographer and co-developer of homomorphic encryption schemes

Investors

• Blockchange Ventures — Series B • 2025-06-25 • $57.00M
• Pantera Capital — Series B • 2025-06-25 • $57.00M
• Multicoin Capital — Series A • 2024-03-07 • $73.00M
• Protocol Labs — Series A • 2024-03-07 • $73.00M
• Seed Investors — Seed • 2021-06-15 • $7.80M
• Pre-Seed Investors — Pre-Seed • 2020-04-01 • $1.10M

Total funding: $150.00M

Tokenomics

• Utility: Token used for encryption, decryption, bridging operations, staking, delegating and governance within the Zama Protocol.
• Vesting: Tokens vest over a 4-year schedule according to MiCA admission requirements.

Pros & Cons

Strengths

• Unique FHE-based confidentiality layer for public blockchains
• Strong funding backing ($150M) and unicorn valuation
• Experienced team of cryptography pioneers
• Cross-chain compatibility (Ethereum, BSC, Solana)
• Regulatory compliant with MiCA and audited by industry leaders

Weaknesses

• Complex cryptographic technology with high computational requirements
• Reliance on hardware accelerators not yet mainstream
• Regulatory scrutiny of privacy features may increase
• Limited immediate use cases beyond finance and identity
• Early-stage project with adoption hurdles

Market Signals (7d)

• CEX volume trend: increasing

Price Scenarios (target: 2026-08-05)

• Bear: $0.010000 — Assumes a 50% decline from current price due to broader market downturn.
• Base: $0.035000 — Extrapolation of current price trend and moderate adoption growth to target date.
• Bull: $0.050000 — Assumes accelerated adoption, full EVM expansion and positive market conditions leading to 75% upside from base scenario.

How to Buy & Store

CEX

• Kraken
• KuCoin
• OKX
• Bitunix
• BitTap

DEX

• Uniswap
• PancakeSwap
• SimpleSwap
• SushiSwap
• 1inch

Storage

• MetaMask
• Trust Wallet
• Ledger
• Trezor
• Coinbase Wallet

Verdict

Zama offers groundbreaking privacy infrastructure with robust funding and an expert team, but its technical complexity and early-stage adoption present risks; a compelling project for long-term exposure.

Official Links

• Whitepaper
• GitHub
• Messari