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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ADA Price Outlook as Cardano Lands LSE Tokenized Deal
Key Insights
Cardano tokenized a Hannover Re reinsurance product and listed it on the London Stock Exchange, expanding blockchain use in regulated institutional markets.
ADA price holds within a descending wedge as support at $0.2400 remains intact while resistance near $0.2550 and $0.2824 l
CryptoNewsLand1h ago
SUI Price Eyes $1.10 Breakout as Whale Positions Rise
Key Insights
SUI trades at $0.96 with RSI at 53.66, showing neutral momentum while maintaining upside room for expansion toward resistance levels.
Whale positioning at 70% long signals strong institutional confidence, aligning with rising open interest and steady capital inflows despite
CryptoNewsLand1h ago
Shiba Inu Open Interest Surges 13.45% in 24 Hours as Futures Activity Accelerates
SHIB open interest rose 13.45% to $69.79M with price up ~3% to $0.000006231. Futures inflows higher; volumes surged. Technicals show 50-day MA support, RSI 55, MACD bullish; potential move beyond 0.000010.
Abstract: This report reviews SHIB market activity on Gate News as of April 22. SHIB open interest rose 13.45% to $69.79 million, with the price up about 3% to $0.000006231. Futures inflows exceeded outflows and total volumes rose, while spot and futures taker data showed mixed biases. Technically SHIB found support near the 50-day MA, RSI sits at 55, and the MACD turned positive, signaling a potential breakout and a possible rally beyond the $0.000010 level after a confirmed channel breakout.
GateNews1h ago
Shiba Inu Breakout Gains Strength as Volume Surges
Key Insights
Shiba Inu’s breakout above the triangle pattern gains strength as rising volume and higher lows confirm growing demand and a sustained bullish market structure shift.
Derivatives activity jumps significantly with volume surpassing $249 million while open interest rises,
CryptoNewsLand2h ago
XRP Price Near $1.45 as ETF Inflows Build Pressure
Key Insights
Institutional XRP ETF inflows reached $41.6 million over four days, lifting assets under management above $1.08 billion and strengthening market confidence.
XRP faces strong resistance near $1.45, where CoinGlass data highlights a short max
CryptoNewsLand2h ago
PENGU Eyes $0.009 as Open Interest Surge Signals Breakout
Key Insights
PENGU’s tightening Bollinger Bands and neutral RSI show controlled accumulation, indicating momentum buildup that typically precedes significant price expansion in volatile markets.
Open interest climbed despite falling prices, reflecting new capital entering positions and
CryptoNewsLand2h ago
