Gate News Bot Report, February 24 — According to CoinMarketCap data, at press time, ZAMA (Zama) is trading at $0.02, up 10.26% in the past 24 hours, with a high of $0.03 and a low of $0.02. The 24-hour trading volume reached $41.6 million. The current market cap is approximately $50.4 million, an increase of $4.68 million from yesterday.
Zama is an open-source cryptographic protocol that enables confidential smart contracts on any L1 or L2 using Fully Homomorphic Encryption (FHE) technology. The Zama Protocol keeps on-chain data encrypted at all times, even during processing, while ensuring publicly verifiable results.
The protocol uses co-processors to offload FHE computations from the base chain, maintaining low gas fees, while achieving horizontal scalability and public verifiability. Zama brings compliant confidentiality to on-chain finance, supporting applications such as confidential token swaps, lending, yield farming, confidential stablecoin trading, self-custody banking, confidential token issuance, RWA tokenization, and sealed bid auctions.
Zama is currently the fastest FHE protocol, capable of handling 20 TPS per chain, enough to run the entire Ethereum network under FHE. It is expected to reach 1,000 TPS next year. The Zama Protocol is now live on the mainnet, and the developer program’s first season has been launched.
Recent Important ZAMA News:
1️⃣ Market enthusiasm for token public auctions continues
The Zama public auction raised $1.18 million, demonstrating strong market interest. The success attracted many participants, reflecting investor confidence in the prospects of fully homomorphic encryption technology and providing a solid foundation for token liquidity.
2️⃣ Mainnet deployment and developer ecosystem development progress
The Zama Protocol has completed mainnet deployment and launched the first season of the developer program, marking the transition from theoretical research to practical application. This progress lays a solid foundation for ecosystem building, attracting more developers and promoting real-world use cases.
3️⃣ Strengthening market positioning of privacy computing technology
As the fastest FHE protocol, Zama has a clear performance advantage. Its current capacity of 20 TPS, with a goal of 1,000 TPS next year, demonstrates a well-defined development roadmap. This performance edge will be a key factor in attracting institutional applications and unlocking long-term value.
This message is not investment advice. Please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
DEXE (DeXe) up 12.73% in the past 24 hours
Gate News Bot Message, February 24 — According to CoinMarketCap data, as of press time, DEXE (DeXe) is trading at $2.97, up 12.73% in the past 24 hours. The price reached a high of $3.02 and a low of $2.11. The 24-hour trading volume is $20.1 million. The current market capitalization is approximately $249 million, an increase of $2.81 million from yesterday.
DeXe Protocol is an advanced Web3 governance solution that provides users with innovative infrastructure for creating and managing DAOs. The protocol consolidates over 50 smart contracts, including DAO contracts, governance contracts, treasury contracts, launchpad contracts, delegation contracts, and councilor contracts, enabling developers to build sophisticated Web3 products across multiple blockchains.
GateNewsBot41m ago
AI panic impacts the crypto market: ETH, SOL, XRP all decline collectively, with increased downward pressure as BTC consolidates sideways
On February 24, news reports indicate that the crypto market came under pressure due to the intensification of the "Artificial Intelligence Panic Trading" and worsening macro risk sentiment. Ethereum, Solana, and Ripple experienced continued declines, with major cryptocurrencies generally recording an 8% to 11% correction over the week. Bitcoin briefly dropped to approximately $62,900, down about 2.1% for the day, with a weekly decline of 7.5%. Its price remains confined within the $60,000 to $70,000 range established after the early February surge, and the market is more inclined to view this as a consolidation zone rather than a clear bottom.
Altcoins performed significantly weaker than Bitcoin. Ethereum's price fell to around $1,829, with a weekly decline of about 8%; XRP dropped over 10%, SOL declined more than 11%, and Dogecoin approached a double-digit correction. Mainstream altcoins weakened in tandem, reflecting a decline in market risk appetite, with insufficient buying interest outside of Bitcoin and more cautious capital allocation.
GateNewsBot1h ago
SKR (Seeker) 24-hour increase of 58.23%
Gate News Bot Message, February 24th, according to CoinMarketCap data, as of press time, SKR (Seeker) is currently trading at $0.03, up 58.23% in the past 24 hours, with a high of $0.03 and a low of $0.02. The 24-hour trading volume reached $27.9 million. The current market capitalization is approximately $149 million, an increase of $54.9 million from yesterday.
SKR is the native asset of the Solana Mobile ecosystem, serving as the Seeker Genesis Token, providing users with access to the Solana Mobile ecosystem. Seeker is a defining mobile device designed specifically for the evolution of Web3 mobile, equipped with the Seed Vault Wallet's built-in hardware security features.
GateNewsBot1h ago
Bitcoin spot ETF saw a total net outflow of $204 million yesterday, with BlackRock's IBIT experiencing the largest net outflow of $116 million.
According to SoSoValue data, on February 23, Bitcoin spot ETFs experienced a total net outflow of $204 million, VanEck ETF HODL had a single-day net inflow of $6.3535 million, and BlackRock ETF IBIT had a net outflow of $116 million. The current total net asset value of Bitcoin spot ETFs is $80.738 billion, with a cumulative net inflow of $53.809 billion.
GateNewsBot1h ago
SXT (Space and Time) increased by 16.51% in the past 24 hours, with a market capitalization of approximately 33.4 million USD.
Gate News Bot Message, February 24th, according to CoinMarketCap data, as of press time, SXT (Space and Time) is currently trading at $0.02, up 16.51% in the past 24 hours, with a high of $0.02 and a low of $0.02. The current market capitalization is approximately $33.4 million, an increase of $4.74 million from yesterday.
Space and Time is a data blockchain dedicated to providing secure data support for on-chain finance. As a decentralized alternative, Space and Time combines blockchain indexing, secure off-chain data, and zero-knowledge proofs to achieve verification within a single system. The platform offers features such as self-service blockchain indexing, verifiable off-chain databases, and smart contract zero-knowledge proof queries, serving DeFi, stablecoins, tokenization,
GateNewsBot2h ago
Step Finance announces shutdown: SOL treasury hacked, STEP token plummets 97%
The DeFi platform Step Finance based on the Solana blockchain announced on February 24, 2026, that it will cease all operations immediately. The shutdown was caused by a security breach in the treasury on January 31, which resulted in approximately 261,854 SOL (worth about $29 million) being stolen. After evaluating all financing and acquisition options, the company was unable to find a viable solution.
MarketWhisper2h ago
