TL;DR
- Idea: Zama provides a privacy layer for public blockchains using Fully Homomorphic Encryption (FHE), enabling confidential smart contracts and transactions across any EVM-compatible chain.
- Catalyst: Recent Binance listing on 2026-02-19, mainnet FHE integration, OpenZeppelin partnership for confidential token standards.
- Risks: High technical complexity may hinder adoption; competition from other privacy solutions (ZK, MPC); regulatory scrutiny of onchain confidentiality.
- Score: 8.00/ 10
Coin
- Name/ Ticker: Zama (ZAMA)
- Segment: Blockchain Infrastructure
- Status: active
- Price: $0.021420
Key Metrics
- Market Cap: $50 129 369
- FDV: $250 646 846
- Circulating Supply: 2 200 000 000
- Total Supply: 11 000 000 000
Sources
Technology
- USP: FHE-based confidentiality for smart contracts, preserving privacy without sacrificing verifiability.
- Core Technology: FHEVM protocol leveraging TFHE-rs, Concrete and Concrete ML libraries for encrypted computation on public blockchains.
Roadmap
- 2020-04-01: Pre-Seed funding
- 2021-06-15: Seed funding
- 2024-03-07: Series A funding
- 2025-07-01: Public Testnet Launch
- 2025-07-23: OpenZeppelin partnership
- 2025-06-25: Series B funding
- 2025-12-30: Mainnet FHE integration
- 2026-01-22: Public Auction start
- 2026-01-24: Public Auction end
- 2026-02-02: Token claim
- 2026-02-19: Binance spot listing
Team & Investors
Team
- CEO — Rand Hindi: Built AI-first company acquired by Sonos; serial entrepreneur in privacy tech
- CTO — Pascal Paillier: Inventor of Paillier cryptosystem; 40+ research papers on FHE
- Chief Academic Officer — Nigel Smart: Cryptography professor with decades of research in secure computation
- Chief Scientist — Marc Joye: Pioneer in homomorphic encryption and applied cryptography
Investors
- Multicoin Capital — Series A • 2024-03-07 • $73.00M
- Protocol Labs — Series A • 2024-03-07 • $73.00M
- Pantera Capital — Series B • 2025-06-25 • $57.00M
- Blockchange Ventures — Series B • 2025-06-25 • $57.00M
- Stake Capital — Seed • 2021-06-15 • $7.80M
- Metaplanet — Pre-Seed • 2020-04-01 • $1.10M
Total funding: $130.00M
Tokenomics
- Utility: Payment of FHE computation fees, staking for network security and governance participation
- Vesting: Team tokens vest over 2 years with a 6-month cliff; auction tokens fully unlocked at claim
Pros & Cons
Strengths
- Unique FHE-driven confidentiality
- Mainnet live with confidential stablecoin transfers
- Strategic partnership with OpenZeppelin
- Experienced cryptography research team
- Leading FHE protocol with high TPS roadmap
- Strong backing from top-tier investors
- Recent Binance listing boosts liquidity
Weaknesses
- High computational complexity of FHE
- Steep learning curve for developers
- Reliance on specialized hardware (FHE ASICs)
- Regulatory uncertainty over onchain confidentiality
- Competition from ZK-rollup privacy solutions
- Limited existing ecosystem adoption
- Token inflation through protocol minting
Market Signals (7d)
- CEX volume trend: increasing
- Active addresses trend: increasing
Price Scenarios (target: 2026-08-21)
- Bear: $0.015000 — Assumes a 30% market downturn from current price due to slow adoption
- Base: $0.022000 — Assumes price stability in line with average crypto market performance
- Bull: $0.040000 — Assumes accelerated adoption and partnership-driven 80% upside over current price
How to Buy & Store
CEX
- Binance
- Kraken
- Coinbase
- Bybit
- OKX
DEX
- Uniswap v3
- SushiSwap
- PancakeSwap
- 1inch
- 0x
Storage
- MetaMask
- Ledger Nano X
- Trust Wallet
- Argent
- Safe (Gnosis)
Verdict
Zama’s pioneering FHE technology and strong ecosystem partnerships position it well for long-term growth, though technical complexity and adoption remain key risks.
Official Links
Source: Coin Research (internal)
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