Dari kenaikan 21% ZK: Mengapa ini bukan hanya spekulasi jangka pendek tetapi pelepasan manfaat teknologi

ZK (ZKsync) showed strong performance on January 6, with a 24-hour increase of 21.86%, current price at $0.04, and market cap breaking through $422 million. This is not an isolated price fluctuation, but rather a superposition of multiple positive catalysts released within the same time window. Behind it lies both the certainty of technical breakthroughs and the warming of institutional attention, as well as long-term demand support from the Ethereum ecosystem.

Direct Drivers of Short-Term Gains

Concentrated Release of Technical Breakthroughs

ZK-EVM reaching production-level performance is the core catalyst for this round of increases. According to the latest news, ZK-EVM has entered a usable stage with verification speeds reaching the second level, and transfer costs have decreased significantly compared to before. Simultaneously, PeerDAS’s formal launch on the Ethereum mainnet complements this technical combination, providing a viable solution for Ethereum to resolve the “trilemma” of decentralization, security, and efficiency.

From market reaction, such technology breakthroughs often attract trading attention in the short term, especially when the circulating supply of related project tokens is relatively small. ZK’s current circulation is approximately 10.6 billion tokens, with fully diluted valuation of $835.56 million, and the relatively small market cap provides room for price volatility.

Signals of Warming Institutional Attention

Deutsche Bank building a compliant Layer 2 network Prividium based on ZKsync, JPMorgan Chase launching a $100 million on-chain tokenization fund — these are not marketing gimmicks but actual actions by traditional financial institutions. Institutional participation often accompanies larger capital inflows, which will drive up prices in the short term.

Why This Is More Than Just Short-Term Speculation

Three Layers of Fundamental Support

The first layer is technical certainty. ZK-EVM’s production-level performance is not in the conceptual stage but in an already-usable state. According to the latest roadmap, Ethereum’s gas expansion route is clear: from 2026 onwards, as mechanisms like BAL and ePBS progress, Ethereum’s gas limit will gradually increase; from 2026-2028, gas repricing and state structure adjustments will be implemented; from 2027-2030, ZK-EVM is expected to become the primary method for network block verification. This means ZKsync’s core technology not only has near-term applications but also long-term systemic demand.

The second layer is the landing of application scenarios. Prividium is built specifically for institutions requiring privacy, compliance, and data control; the ZK Stack framework supports enterprises in building zero-knowledge proof blockchains; ZKsync Connect enables inter-institutional cross-system interoperability. These are not theoretical products but solutions verified through actual use by institutions like Deutsche Bank and JPMorgan Chase.

The third layer is ecosystem maturity. ZKsync provides a fully open-source, independently audited proof system with bug bounty rewards up to $1.1 million. This security investment and continuous ecosystem building lay the foundation for long-term development.

Changes in Market Recognition

In comparison, ZK ranks 107th in market cap rankings with a circulation rate of only 50.54%. This indicates that market recognition of ZK is still in a relatively early stage, and the combined effect of institutions and technical breakthroughs is just beginning to be priced in.

Direction for Subsequent Attention

In the short term, whether ZK’s uptrend can continue depends on the overall performance of the Ethereum ecosystem and progress in institutional applications. According to the latest news, Ethereum’s gas expansion upgrade in 2026, further optimization of ZK-EVM, and commercialization of products like Prividium will all be important focal points.

In the medium term, if applications by institutions like Deutsche Bank and JPMorgan Chase truly mature, it will create a stable demand base for ZKsync, which is far more meaningful than short-term price fluctuations.

Summary

ZK’s 21.86% increase appears abrupt but is actually the combined effect of three forces: technical breakthroughs provide certainty, institutional applications verify feasibility, and Ethereum’s roadmap clarifies long-term demand. Such combinations are uncommon in the crypto market and explain why this increase has attracted market attention.

Of course, short-term gains do not guarantee future appreciation, and market volatility always exists. However, from a fundamental perspective, ZKsync’s position as Ethereum’s zero-knowledge proof scaling solution is strengthening, which is a change more worthy of attention than price gains. The focus going forward should be observing the technical evolution of the Ethereum ecosystem and actual progress in institutional application implementations.