ZEN (Horizen) up 17.05% in 24 hours, with a market cap of approximately $183 million

According to Gate News Bot on December 10, citing CoinMarketCap data, as of press time, ZEN (Horizen) is trading at $10.35, up 17.05% in 24 hours, with a high of $10.65 and a low of $8.08. The current market capitalization is approximately $183 million, an increase of $26.6 million from yesterday.

Horizen is an EVM-compatible privacy blockchain built on Base, supporting confidential transactions and compliant financial services. ZEN is Horizen’s native token and is now officially launched on the Base network as an ERC20 token.

ZEN is one of the first fairly launched zero-knowledge proof tokens, with no ICO or pre-mining, a fixed total supply of 21 million tokens, similar to Bitcoin’s mechanism. The token is supported by several major centralized exchanges as well as decentralized exchanges such as Aerodrome and Uniswap. Institutional users can access it through the Grayscale Horizen Trust.

Horizen is committed to building a regulatory-compliant privacy application ecosystem, providing developers with flexible confidentiality and zero-knowledge proof technology support, fostering the growth of privacy-first decentralized applications in a secure and innovative environment.

Recent Key News about ZEN:

1️⃣ Layer 3 Mainnet Officially Launches on Base, Boosting Value Expectations
Horizen’s Layer 3 network was officially deployed on Base mainnet on December 9, marking a major architectural evolution for this privacy network. This upgrade signifies the official transition of Horizen from its original Layer 1 to Layer 3, strengthening the project’s technical capabilities within the Base ecosystem. This has provided a positive stimulus for market investors and served as a key catalyst for ZEN’s significant surge in the past 24 hours.

2️⃣ Market Opportunities Amid Rising Interest in the Privacy Sector
The launch of Horizen’s Layer 3 coincides with renewed market focus on privacy coin projects. Although the transition from Layer 1 to Layer 3 began as early as February, the official mainnet launch further reinforces market recognition of this sector. This rising attention has provided sentiment-driven support for ZEN’s price performance.

3️⃣ Enhanced On-Chain Infrastructure Improves Ecosystem Prospects
Horizen’s Layer 3 deployment on Base has improved the infrastructure for its EVM-compatible privacy blockchain, providing a stronger technical foundation for future developer ecosystems and decentralized application deployments. This infrastructure upgrade is expected to attract more privacy-first applications in the long term, strengthening Horizen’s position as a compliant privacy ecosystem.

This information does not constitute investment advice. Please be aware of market volatility risks when investing.