Horizen

Horizen is a Layer 1 blockchain, trading under the symbol ZEN, built around privacy technology including zero-knowledge proofs and trusted execution environments. It aims to make these privacy tools accessible across the broader web for developers and end users who want confidentiality guarantees in their applications. The project is now transitioning to Horizen 2.0, repositioning itself as a Layer 3 appchain deployed on Base, the Ethereum Layer 2, rather than operating as a standalone proof-of-work chain.

The original Horizen chain uses the Equihash consensus algorithm, producing blocks roughly every 2 minutes, and ZEN is the native token used to pay for operations within that network. Horizen 2.0 is designed as an appchain settled on Base, which in turn settles on Ethereum, meaning finality and security are inherited from those underlying layers rather than from Horizen's own validator set. ZEN's precise role within the new architecture — including whether it functions as a gas token, a governance token, or in some other capacity — is not fully described in the data available here.

The stored data shows a total value locked of 0.0 at the point in time measured, indicating no meaningful on-chain collateral or liquidity is recorded for this protocol in its current state. No fee revenue figures are present in the data, so it is not possible to describe who pays fees, who receives them, or what the protocol retains. This means fee-based measures that this site might typically report — such as fee yield or revenue multiples — are not applicable here. With 87.65 percent of the maximum supply of 21,000,000 ZEN already in circulation at the point-in-time measurement, approximately 14.09 percent of maximum supply remains to be issued.