Zilliqa

Zilliqa is a Layer 1 blockchain network, launched on 31 January 2019, designed to address the scalability limitations that affect older blockchain networks such as Bitcoin and Ethereum. Its core claim is that by dividing network participants into smaller groups, called shards, it can process a much larger volume of transactions in parallel rather than sequentially. Developers building decentralized applications are the intended primary audience, as the network aims to reduce congestion and keep transaction costs low.

Zilliqa uses an Ethash-based consensus algorithm and organizes its network through a process called sharding, where nodes are split into subgroups that each verify a different subset of transactions simultaneously, allowing throughput to scale as the network grows. ZIL, the native token, is used to pay for transaction fees and computational work on the network. The protocol runs on its own chain, identified in the stored data as chain:Zilliqa, and the token also appears within the BNB Chain ecosystem, indicating some cross-chain presence.

Zilliqa's fee stream is extremely modest: the network collected approximately 0.58 USD in fees over the most recent 24-hour period, 5.22 USD over the trailing 7 days, 18.51 USD over the trailing 30 days, and 12,635.86 USD over the trailing 12 months. Annualizing the 30-day figure produces an estimated 225.21 USD per year in fees, and the annualized fee yield expressed as a percentage of market capitalization is 0.000453 percent. Fee volume fell 26.58 percent over the last 30 days, and no stablecoins are hosted on the network. These figures indicate that economic activity paying fees on Zilliqa is currently very limited.