According to Gate News Bot on December 10, citing CoinMarketCap data, as of press time, ZEN (Horizen) is trading at $10.35, up 17.05% in 24 hours, with a high of $10.65 and a low of $8.08. The current market capitalization is approximately $183 million, an increase of $26.6 million from yesterday.
Horizen is an EVM-compatible privacy blockchain built on Base, supporting confidential transactions and compliant financial services. ZEN is Horizen’s native token and is now officially launched on the Base network as an ERC20 token.
ZEN is one of the first fairly launched zero-knowledge proof tokens, with no ICO or pre-mining, a fixed total supply of 21 million tokens, similar to Bitcoin’s mechanism. The token is supported by several major centralized exchanges as well as decentralized exchanges such as Aerodrome and Uniswap. Institutional users can access it through the Grayscale Horizen Trust.
Horizen is committed to building a regulatory-compliant privacy application ecosystem, providing developers with flexible confidentiality and zero-knowledge proof technology support, fostering the growth of privacy-first decentralized applications in a secure and innovative environment.
Recent Key News about ZEN:
1️⃣ Layer 3 Mainnet Officially Launches on Base, Boosting Value Expectations
Horizen’s Layer 3 network was officially deployed on Base mainnet on December 9, marking a major architectural evolution for this privacy network. This upgrade signifies the official transition of Horizen from its original Layer 1 to Layer 3, strengthening the project’s technical capabilities within the Base ecosystem. This has provided a positive stimulus for market investors and served as a key catalyst for ZEN’s significant surge in the past 24 hours.
2️⃣ Market Opportunities Amid Rising Interest in the Privacy Sector
The launch of Horizen’s Layer 3 coincides with renewed market focus on privacy coin projects. Although the transition from Layer 1 to Layer 3 began as early as February, the official mainnet launch further reinforces market recognition of this sector. This rising attention has provided sentiment-driven support for ZEN’s price performance.
3️⃣ Enhanced On-Chain Infrastructure Improves Ecosystem Prospects
Horizen’s Layer 3 deployment on Base has improved the infrastructure for its EVM-compatible privacy blockchain, providing a stronger technical foundation for future developer ecosystems and decentralized application deployments. This infrastructure upgrade is expected to attract more privacy-first applications in the long term, strengthening Horizen’s position as a compliant privacy ecosystem.
This information does not constitute investment advice. Please be aware of market volatility risks when investing.
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
Hyperliquid HYPE Hits 60-Day High on HIP4 Momentum
Key Insights
Hyperliquid’s HYPE token reached a 60-day high as rising revenue and strong trading activity supported sustained bullish momentum across derivatives markets globally.
HIP4 introduces binary options trading, increasing transaction frequency and liquidity while expanding Hyperliqu
CryptoNewsLand17m ago
Solana Holds $87 Support as ETF Inflows Top $22M
Key Insights
Solana ETF inflows reached $22.14 million this week, signaling sustained institutional accumulation and reinforcing short-term support above the 50-day EMA level.
Futures open interest climbed to $5.53 billion, highlighting increased retail participation and growing
CryptoNewsLand32m ago
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity.
Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.
CryptoNewsLand37m ago
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity.
Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.
CryptoNewsLand37m ago
Bitcoin breaks through $78,000, and the market moves out of the extreme fear range
The crypto market is recovering, with BTC trading above $78k, up about 2% day over day. After breaking $75k, a short squeeze emerged; spot ETFs have seen consecutive net inflows, and MicroStrategy’s additional purchases have driven growth in institutional holdings. Open interest is rising, funding rates are falling, and even turning negative, suggesting potential explosive upside. Tensions on the geopolitical front have eased, and the fear index has rebounded back into a fear range—sentiment has improved, but it’s not yet a full bull market. To hold the $78k–$83k range steadily, improve liquidity, and maintain macro stability, we can enter a long-term bull market. This article was first published by Chain News ABMedia.
ChainNewsAbmedia44m ago
XRP Surges 24,602% Despite Ripple's Ongoing Sales — Debate Reignites Over Token Dump Claims
Viral thread claims Ripple sells XRP monthly to fund operations and dilute holders. It cites 100B total supply, 55B locked, 1B/month release, 70–80% relocked, and 200–300M XRP for ops (~$400M/mo); critics say price tracks Bitcoin and escrow dilution fades.
Abstract: The article examines claims that Ripple systematically sells XRP to fund operations, detailing the tokenomics (100B XRP, 55B in escrow with 1B/mo release and relocking, 200–300M for ops) and presenting counterarguments that XRP price movements align more with Bitcoin, not ongoing sales, while escrow shrinkage reduces future dilution and XRP has posted large gains since inception.
GateNews57m ago
