Zama

Zama is an open-source cryptography project that builds Fully Homomorphic Encryption, or FHE, tools designed for blockchain applications. FHE allows computations to be performed on encrypted data without ever decrypting it, which addresses the tension between on-chain transparency and user privacy. The token, ZAMA, is associated with this infrastructure layer and is present across several ecosystems including Ethereum, BNB Chain, and Solana.

Zama is classified as an other digital asset with no recorded consensus algorithm and a block time of zero, meaning the token does not power its own independent chain. It operates as an application-layer token within its listed ecosystems, functioning as part of the Zama Gateway Mainnet infrastructure for FHE-based services. The available data does not detail the specific token mechanics within the protocol beyond its cross-chain presence and application classification.

The stored data includes no fee stream or revenue metrics for the protocol, so no description of who pays fees or who receives them can be constructed from available information. What the data does show is a total value locked of 59,687,261.86 USD at point-in-time, which rose 5.981275 percent over the trailing 7 days. The market capitalization to TVL ratio stands at 1.996539 and the fully diluted valuation to TVL ratio at 9.982697, but without a fee stream these ratios reflect capital positioning rather than earnings-based measures.