Zama
ZAMALive. Machine-drafted, not yet checked by a person.
Zama is technology that lets people create, trade, and manage encrypted crypto assets on public blockchains, while still letting anyone check that the rules were followed. Of the 7 things it promised, it delivered 1, 2 are past due and not yet checked, 4 are still open (4 with no date); nothing dated is coming up. It trades at $0.0455, #244 of all coins by size, 31% below its highest ever price.
This week in the news: upgrade or launch live.
A real job, real backing. Delivered 1 of 7, 2 past due, not yet checked. Nothing dated ahead. #4 of 38 cross-chain communication coins. Nothing to be careful of on the record.
Is it real?
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Passes all four
- ✓A real-world jobReal-world purpose: private payments
- ✓Real backingBacking: trades on Coinbase, Kraken, Binance
- ✓Something aheadAhead: 1 of 7 promises delivered
- ✓Room to growRoom: worth $113.64M, 75 times smaller than Chainlink, the biggest coin within reach doing the same thing (Cross-chain Communication)
Listed on 7 big exchanges
- Origin12 February 2026about about 7 monthszama.org, GitHub, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingNo named investorListed on Coinbase, Kraken, Binance, OKX
- Standing on the record1 of 70 confirmed by outside news, 2 past due, not yet checked9 headlines last month5,305 people keep it on a CoinGecko watchlistNo corrections needed so far
- Real-world purpose: private payments
- Backing: trades on Coinbase, Kraken, Binance
- Ahead: 1 of 7 promises delivered
- Room: worth $113.64M, 75 times smaller than Chainlink, the biggest coin within reach doing the same thing (Cross-chain Communication)
It is already worth more than the typical coin in Cross-chain Communication ($5.61M). To match the leader, Chainlink ($8.5B), its price would need to rise 7379%, to about $3.41.
Still to check
- No named investor among its tags
- Only 9 headlines named it last month
- Years younger than the group's leader
What to do It has delivered 1 of 7 dated promises and nothing dated is ahead. Add it to My coins and come back when it posts a new date; until then the record has nothing new to say.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
1 of 7
promises delivered, by the project's own pages
0 of those confirmed by an outside news report
Promises by the year they were due
delivered open past due
delivered open past due, not yet checked today. Click a point to open that promise.
- Past due23 June 2026Zama said it would run an onchain prize draw on June 23, 2026, using its encrypted randomness feature.84 days overdue, not yet checkedProof No article or release reports it shipping. Checked 12 September 2026.
- Past dueJune 2026Zama said it would move $5 million of USDC from its own treasury into confidential USDC as part of the June 2026 launch.77 days overdue, not yet checkedProof No article or release reports it shipping. Checked 12 September 2026.
- Openno dateZama said that when a stablecoin issuer freezes a wallet's regular tokens, the same wallet's confidential version of those tokens will automatically freeze too.
Details
“Confidential tokens will mirror the compliance actions of their underlying asset: for example, if Circle freezes a USDC address, it will propagate automatically and freeze the corresponding cUSDC held by that address. This transitive compliance will apply to all tokens that implement freezing functions.”
- Openno dateZama said it would set up a council to review and respond to legal requests within a few weeks.
- Openno dateZama said it would join industry organizations working against criminal activity onchain.
- Openno dateZama said it would launch an educational Learn & Earn campaign inside the Revolut app later in 2026.
- DeliveredJune 2026Zama said it would launch its cUSDC product later in June 2026.delivered 23 June 2026Only the project's own word so farProof Only its own page says so; no article found.
Details
“We will move ahead with our planned cUSDC product launch later this month”
source · snapshot · captured 2026-09-11
The blog lists the Steakhouse Confidential Prime USDC Vault on Morpho as 'Now Live' from June 23, 2026, the cUSDC offering referenced by this commitment. source · snapshot · captured 2026-09-11
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Private payments
8 coins we checked say they are for private payments, worth $30.09B together. #6 of 8 by worth.
Cross-chain Communication: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Zama$113.64Mthis coin−6.8%no max1 of 7 delivered
Chainlink$8.5B74.8× bigger, +$8.39B−0.4%, gap +6.475% outnone dated
LayerZero$334.39M2.9× bigger, +$220.76M−8.8%, gap −2.035% outno record
Olympus$301.26M2.7× bigger, +$187.62M−0.9%, gap +5.9no maxnone dated
deBridge$92.42M1.2× smaller, −$21.22M+0.9%, gap +7.759% out0 of 2 delivered
Wormhole$62.25M1.8× smaller, −$51.39M−5.2%, gap +1.665% outnone dated
SOON$60.79M1.9× smaller, −$52.85M−1.9%, gap +4.9no maxno record
Axelar$59.65M1.9× smaller, −$53.99M+7.7%, gap +14.5no max0 of 6 delivered
Cross-chain Communication: this coin next to Chainlink, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Zama says
- Zama is technology that lets people create, trade, and manage encrypted crypto assets on public blockchains, while still letting anyone check that the rules were followed.
- Chainlink says
- Chainlink is a service that supplies outside data and connections between different blockchains for other blockchain-based applications to use.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Zama is technology that lets people create, trade, and manage encrypted crypto assets on public blockchains, while still letting anyone check that the rules were followed.
Its listing puts it this way: Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.
Problem it says it solves: private payments. 21 coins we have checked say the same; together they are worth $42,412,926,293.
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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Cross-chain Communication: this coin next to the group's largest, Chainlink.
| Zama | Chainlink | |
|---|---|---|
| Years trading | 7 months | 9 years |
| Major exchanges | 7 | 10 |
| Named backers | 0 | 0 |
| Headlines, last month | 9 | 107 |
| Promises delivered | 1 of 7 | no record |
What it says is different: Zama is an open source cryptography company that builds state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain.
It is 1.3% the size of Chainlink. On the facts above it is behind on years trading, major exchanges, headlines, last month. For that gap to close, the record would need news that names it. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $0.0663 on 27 July 2026. Today is 69% of that.
22%
of all ZAMA that will ever exist is already out in public hands: 2.5B coins.
78% (8.81B coins) is not yet created or held by the project. That is a majority. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 2.5Bin circulation of 11.3B total. No hard maximum is set, so more can be created.
- 4.5×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $0.0663 on 27 July 2026. That is −31.3% from the top.
- #244by market cap, $113,638,636.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $56.13M is locked in it right now
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
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Headlines per day, last 30 days
9 headlines named this coin in the last month.
What they were about
- Upgrade2
- Tokenization1
- Zama expands confidential Morpho lineup after first vault hits $40 million, launches private swaps on EthereumUpcoming
- Wall Street’s Tokenized Stock Rush Is Getting Messy
- All Roads Lead to $ZAMA.. By Joseph Razo | by Joseph Razo | Sep, 2026
- RootData：ZAMA 将于一周后解锁价值约 1480 万美元的代币
- $ZAMA Token Launch - Zama Protocol
- The Zama Public Auction: $118M Committed for the First Encrypted ICO on Ethereum - Zama Protocol
- Zama: Public sale token claim date is February 2, with full unlocking at the time of claim. - Bitget
- Zama announces public token auction using encrypted sealed bid mechanism - Crypto Briefing
- Interpretation of ZAMA Dutch Auction Public Sale: How to Seize the Last Interaction Opportunity? - Bitget
9 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
Zama is technology that lets people create, trade, and manage encrypted crypto assets on public blockchains, while still letting anyone check that the rules were followed.
“The Zama Protocol enables confidential assets to be issued, traded, and managed natively on public blockchains, with full verifiability and programmable compliance.”source · snapshot · captured 2026-09-11
Live. The record does not yet cite when this stage began.
1 of 7 promises delivered. 2 past due with no delivery recorded, not yet checked by a person. 4 open.
Others in privacy networks: Zano 51 of 69, Internet Computer 20 of 23, Nockchain 20 of 30, Beldex 10 of 48, and 6 more.Others in asset tokenization: Zano 51 of 69, Chiliz 3 of 15, Algorand 2 of 7, XRP 2 of 3, and 14 more.
No public code repository is listed in this record.
The project's blog page last changed on 14 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.