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
XRP Faces Selling Pressure While Key Support Near $1.28 Holds
Key Insights:
XRP continues forming lower highs and lows, while price remains below major moving averages, reinforcing a sustained bearish structure across timeframes.
Open interest spikes during volatility signaled speculative trading, yet declining levels now reflect reduced risk
CryptoNewsLand1h ago
SHIB Holds Weak Range as Burn Rate Drops and Pressure Builds
Key Insights
SHIB remains within a long-standing descending channel, with price stuck in the lower range and unable to break persistent resistance levels.
The burn rate dropped sharply, removing a short-term support factor and reducing retail-driven momentum seen earlier during increased
CryptoNewsLand1h ago
HYPE Price Break Signals Deeper Pullback Amid Weak Momentum
Key Insights:
HYPE broke below $37 support after repeated tests, signaling weakening buyer strength and confirming growing bearish control across short-term price structure movements.
Fibonacci levels identify $32.44 and $29.5 as critical demand zones, where buyers may re-enter as
CryptoNewsLand1h ago
Solana Price Faces Downside Risk as Bears Eye $74 Zone
Key Insights
Solana trades near eighty dollars as bearish momentum builds, with indicators signaling weakness and increasing probability of testing lower support levels soon.
Technical signals, including weak MACD and low RSI momentum, indicate sellers remain dominant, reinforcing downside p
CryptoNewsLand1h ago
Dogecoin Sees Rising Long Bets While Price Stays Under Pressure
Dogecoin's long positioning increases as traders expect a rebound, yet significant short positions and declining trading volume suppress price movement. The market lacks direction, showing a sideways to slightly bearish outlook as the price struggles to gain momentum.
CryptoNewsLand2h ago
Dogecoin Eyes Breakout as Bollinger Bands Signal Price Shift
Key Insights:
Dogecoin trades near resistance as Bollinger Bands tighten, signaling reduced volatility and an increasing likelihood of a sharp directional price movement soon.
Declining trading volume reflects market hesitation, yet reduced selling pressure may still support upward
CryptoNewsLand2h ago
