Zama Price Today – Live ZAMA Chart

What is Zama?

Zama is a French cryptography company building open-source fully homomorphic encryption (FHE) tools that allow computation on encrypted data without ever decrypting it. Founded in 2020 by Pascal Paillier — one of the pioneers of homomorphic cryptography and inventor of the Paillier cryptosystem — alongside Rand Hindi, an entrepreneur with a background in privacy-preserving machine learning, the company has positioned itself at the intersection of applied cryptography, blockchain, and AI.

Zama is headquartered in Paris with a distributed team of cryptographers, and it has become one of the most recognized names in the FHE space alongside competitors such as Duality and Inpher. The company's mission is explicit: make end-to-end encryption the default for data in use, not just at rest or in transit. Zama released several flagship open-source libraries, including TFHE-rs (a Rust implementation of the TFHE scheme), Concrete and Concrete ML (for encrypted machine learning), and fhEVM, a Solidity-compatible framework that enables confidential smart contracts on EVM chains.

fhEVM has attracted significant attention from the Ethereum community because it allows developers to write on-chain logic where inputs, state, and outputs remain encrypted, unlocking use cases such as blind auctions, private voting, and confidential DeFi positions. In March 2024, Zama closed a Series A round of $73 million led by Multicoin Capital and Protocol Labs, with participation from Metaplanet, Blockchange Ventures, Vsquared Ventures, Portal Ventures, and others — one of the largest funding rounds ever for a cryptography-focused startup.

The round valued the company as a leader in commercializing FHE for Web3 and AI workloads. Partnerships and integrations include collaborations with layer-1 and layer-2 ecosystems exploring confidential execution environments, as well as research partnerships with academic institutions working on lattice-based cryptography. The Zama team has also been active in FHE standardization efforts through the HomomorphicEncryption.org consortium.

The Zama Protocol went live on Ethereum mainnet on December 31, 2025, its first application, the Zama Auction, opened on January 21, 2026, and the ZAMA token began trading on February 2, 2026. The ecosystem remains developer-driven, with a developer program, bounties, and hackathons aimed at onboarding Solidity developers to encrypted computation.

Controversies around Zama have been minimal, though the broader FHE space faces ongoing debates about performance overhead — FHE operations are still orders of magnitude slower than plaintext computation — and whether hardware acceleration or hybrid approaches like ZK+FHE will win out for mainstream adoption. Zama's bet is that software optimizations, combined with specialized co-processors, will bring FHE latency close to practical thresholds for real-time applications within the next few product cycles.

Investors tracking Zama's price should cross-reference CoinGecko, CoinMarketCap, and Zama's official documentation to avoid exposure to unofficial or wrapped representations of the asset.

Key Features of Zama

• Fully Homomorphic Encryption: Zama's core technology enables arbitrary computation directly on ciphertext, meaning data never needs to be decrypted to be processed. This is achieved through its TFHE-based libraries, which support Boolean and integer operations on encrypted inputs with programmable bootstrapping.
• fhEVM Smart Contracts: The fhEVM framework lets Solidity developers write confidential smart contracts where state variables and transaction inputs remain encrypted on-chain. This unlocks private DeFi, sealed-bid auctions, and on-chain games with hidden information without relying on off-chain oracles or trusted enclaves.
• Open-Source Cryptography Stack: Zama publishes all of its core libraries — TFHE-rs, Concrete, Concrete ML, and fhEVM — under permissive open-source licenses. This transparency allows auditors, researchers, and competing teams to inspect, fork, and extend the codebase, strengthening trust in the underlying cryptography.
• Encrypted Machine Learning: Through Concrete ML, Zama offers a scikit-learn-compatible interface for training and deploying machine learning models on encrypted data. Developers can convert standard models into FHE-friendly equivalents, enabling privacy-preserving inference in healthcare, finance, and identity verification.
• EVM Compatibility Layer: Unlike competing privacy stacks that require learning new languages or VMs, Zama's fhEVM plugs into existing Ethereum tooling such as Hardhat, Foundry, and MetaMask. This dramatically lowers the barrier for the millions of Solidity developers who want to experiment with confidentiality without abandoning their workflow.

Zama Use Cases

• Confidential DeFi: Trading firms and retail users can place orders, manage collateral, and execute strategies without broadcasting positions to MEV bots or the public mempool. Encrypted balances and order flow reduce front-running while preserving the composability of on-chain finance.
• Private On-Chain Voting: DAOs can run governance votes where individual ballots remain encrypted until — or even after — tallying, preventing vote-buying and bandwagon effects. Final results are verifiable on-chain while voter privacy is cryptographically guaranteed.
• Encrypted AI Inference: Enterprises in regulated industries can run predictive models on customer data without exposing either the inputs or the proprietary model weights. A hospital, for example, could score patient risk using a third-party model while keeping medical records fully encrypted end-to-end.
• Blind Auctions and Games: Poker, sealed-bid NFT auctions, and strategy games can run natively on-chain with hidden cards, bids, and moves. fhEVM allows game state to remain confidential between relevant parties while transitions are still verifiable by the network.
• Privacy-Preserving Identity: Users can prove attributes such as age, residency, or credit score without revealing the underlying documents or raw data. This supports KYC-light onboarding for DeFi, Sybil-resistant airdrops, and compliant stablecoin transfers across jurisdictions.

Zama Tokenomics

Total Supply

ZAMA launched with a supply of 11 billion tokens at its February 2, 2026 token generation event. Supply is not fixed: staking rewards are newly minted at an initial 5% yearly rate, which governance can change, while all protocol fees are burned.

Circulating

Circulating supply grows as locked allocations unlock and staking rewards are minted, and falls as protocol fees are burned; check this page's market data for the live figure.

Utility

ZAMA pays the protocol's encryption and decryption fees, which are burned, and secures the protocol through staking: holders can delegate it to the operators that run the FHE coprocessors and threshold-decryption (KMS) nodes, who earn newly minted rewards, while governance proposals are decided by those operators, each with an equal vote. Specific utility mechanics should be confirmed against Zama's official documentation before relying on them for investment decisions.

Emission

About 20% of the supply circulated at the February 2026 token generation event (public sale, TGE campaigns and liquidity); the rest unlocks over two to four years under the litepaper's schedule, with one-year cliffs for the team, VC and angel allocations. Staking rewards are minted at an initial 5% yearly rate.

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