Zama

Zama is an open-source cryptography project that builds Fully Homomorphic Encryption, or FHE, tools for blockchain applications. FHE allows computations to be performed directly on encrypted data without ever decrypting it, meaning sensitive information can be processed while remaining private. The project targets developers building privacy-preserving smart contracts and decentralized applications across multiple blockchain ecosystems, including Ethereum, Solana, and BNB Chain.

Zama does not operate its own blockchain and has no recorded consensus algorithm or block time, functioning instead as infrastructure that other protocols can integrate to add FHE capabilities. The ZAMA token exists across several ecosystems, including the Zama Gateway Mainnet, and is classed as an other digital asset rather than a native layer-one coin. Beyond its role within that gateway ecosystem, the precise on-chain mechanics governing how the token is used or required within Zama's tooling are not detailed in the available data.

The data provided does not record a fee stream attributable to Zama, so there is no information about who pays fees, who receives them, or what the protocol retains. Total value locked stands at approximately 128,122,429 USD at point-in-time and rose 18.53 percent over the trailing seven days, giving a market-cap-to-TVL ratio of 1.53 and a fully diluted value-to-TVL ratio of 6.82 at point-in-time. The 30-day average volume relative to market capitalization is 9.47 percent, and the 24-hour equivalent is 12.27 percent, reflecting trading activity but not an underlying protocol fee.