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
Wintermute: From a 12-18 month cycle perspective, Bitcoin's current price level is quite attractive
Wintermute's market update report shows that the escalation of the Middle East conflict has driven Brent crude oil up by 26%, while Bitcoin performed relatively strongly with a weekly increase of 0.4%. Despite limited buyer interest, Bitcoin's investment potential over the next 12-18 months is viewed positively. The report indicates that the crypto market has demonstrated resilience compared to other assets, and most deleveraging processes have concluded.
GateNews9m ago
TACO Trading Fails? Iran Deploys Mines, JPMorgan Warns of Unpredictable Risks
The article discusses the "TACO trading" strategy, where investors bet that President Trump will make concessions during a crisis. However, this assumption is challenged as Iran lays mines in the Strait of Hormuz. JPMorgan strategists warn that geopolitical uncertainty is increasing and recommend investors shift to infrastructure assets to reduce risk, as these assets tend to have more stable income and can provide protection in turbulent markets.
MarketWhisper10m ago
Here’s HBAR Price if Hedera’s AI Integration With Claude Drives Enterprise Adoption
Hedera (HBAR) latest developments suggest steady institutional interest beneath a consolidating price. The network has continued to attract capital and enterprise partners even as the broader crypto market remains volatile.
ETF inflows are one sign of that trend. On 4 March 2026, Canary’s
CaptainAltcoin33m ago
"Smart money" goes against the panic: Why did Chainlink become a safe haven in the March market?
Chainlink experiences a capital outflow in the crypto market, with active development activity indicating potential resilience and long-term value. Although current market sentiment is fragile, LINK needs to break through the $9.17 resistance level to confirm an upward trend. Overall, investors should stay attentive and wait for market stabilization or positive signals from LINK itself before making decisions.
PANews54m ago
