TL;DR
- Idea: Zama enables confidential smart contracts on any Layer 1 or Layer 2 blockchain using Fully Homomorphic Encryption (FHE).
- Catalyst: Recent listings on Kraken, Gate.io, OKX, and Binance; release of public roadmap; launch of MGBX perpetual futures and GemPool campaign.
- Risks: Highly complex cryptographic technology with adoption and performance risks; regulatory uncertainty around privacy layers; competition from ZK-based solutions.
- Score: 8.00/ 10
Coin
- Name/ Ticker: Zama (ZAMA)
- Segment: Blockchain Infrastructure
- Status: active
- Price: $0.021420
Key Metrics
- Market Cap: $47 053 024
- FDV: $235 265 119
- Circulating Supply: 2 200 000 000
- Total Supply: 11 000 000 000
- Inflation: 0.00%
Sources
Technology
- USP: Fully Homomorphic Encryption to keep smart contract data encrypted at all times, even during execution.
- Core Technology: FHEVM and coprocessor architecture for encrypted on-chain computation with public verifiability and horizontal scalability.
Roadmap
- 2026-02-02: Kraken lists ZAMA for trading
- 2026-02-02: Gate.io lists ZAMA for spot trading
- 2026-02-06: MGBX launches ZAMA perpetual futures
- 2026-02-17: GemPool campaign ends
- 2026-02-19: Official roadmap released
Team & Investors
Team
- Chief Executive Officer — Dr Rand Hindi: PhD in machine learning; founder of Zama in 2020
- Chief Technology Officer — Dr Pascal Paillier: Co-inventor of Paillier encryption; expert in cryptography
- Chief Academic Officer — Prof Nigel Smart: Cryptography professor since 2007; specialist in homomorphic encryption
- Chief Scientist — Dr Marc Joye: Pioneer in FHE research; co-creator of core FHE concepts
Investors
- Multicoin Capital — Series A • 2024-03-07 • $73.00M
- Protocol Labs — Series A • 2024-03-07 • $73.00M
- Blockchange Ventures — Series B • 2025-06-25 • $57.00M
- Pantera Capital — Series B • 2025-06-25 • $57.00M
- Anatoly Yakovenko — Series A • 2024-03-07
- Gavin Wood — Series A • 2024-03-07
Total funding: $130.00M
Tokenomics
- Utility: Payment of transaction fees, staking rewards, and governance within the Zama Confidential Blockchain Protocol.
- Vesting: Team and investor tokens vest over 24 months with monthly cliffs.
Pros & Cons
Strengths
- Pioneering FHE technology enabling confidential smart contracts
- Strong backing from top-tier investors
- Multi-exchange listings enhancing liquidity
- Open-source libraries support developer adoption
- Clear technical roadmap and recent public release
Weaknesses
- Steep learning curve for developers implementing FHE
- Regulatory uncertainty for privacy-preserving protocols
- Limited live network adoption and TVL
- Performance depends on future ASIC deployment
- Competition from established ZK-based privacy solutions
Market Signals (7d)
- CEX volume trend: increasing
- Active addresses trend: increasing
Price Scenarios (target: 2026-08-24)
- Bear: $0.010000 — 50% decline from current price under bearish market conditions
- Base: $0.030000 — 40% upside reflecting roadmap execution and CEX listings impact
- Bull: $0.050000 — >100% rally assuming mainstream adoption and successful ASIC integration
How to Buy & Store
CEX
- Kraken
- KuCoin
- OKX
- Gate.io
- Binance
DEX
- Uniswap v3
- SushiSwap
- PancakeSwap
- Balancer
- 0x
Storage
- MetaMask
- Ledger
- Trezor
- Trust Wallet
- WalletConnect
Verdict
Zama presents a unique value proposition with its FHE-based confidential smart contracts and strong funding, but faces execution and adoption challenges in a competitive privacy infrastructure landscape.
Official Links
Source: Coin Research (internal)
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