FHE

ZAMA
2026-07-29 06:00:20

ZAMA nearly doubles in two days as private RFQ launch and buyback-burn model draw focus

ZAMA climbed from $0.035 to above $0.065 in less than two days, setting a new all-time high and rising nearly 100%, according to Foresight News. The token’s market capitalization reached $188 million and its fully diluted valuation rose to $700 million. The rally has brought renewed attention to Zama’s core pitch: adding practical confidentiality to public blockchains through fully homomorphic encryption, or FHE, without requiring users to move assets to a new chain. A major catalyst was the July 23 launch of the test version of Confidential RFQ, an on-chain sealed-bid request-for-quote protocol designed for larger trades. Zama said 100% of trading fees generated by Confidential RFQ will be used to buy back and burn ZAMA, with no front-end fees. The protocol currently supports cUSDT/cUSDC, cZAMA/cUSDC and pairs tied to confidential yield positions, while a public release is scheduled for September. The project has also highlighted operating milestones across the network, including confidential stablecoin transfers, a confidential USDC vault built with Morpho and Steakhouse, compliance wallet screening with Elliptic, and a confidential transfer benchmark of about 1,000 TPS on commodity GPUs. Foresight’s report also pointed to staking growth, shielded TVL in the $40 million to $50 million range, and token unlocks that keep larger allocations locked until Feb. 2, 2027.

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