Zama
ZAMA#146Zama builds fully homomorphic encryption so smart contracts can work on encrypted data; ZAMA pays protocol fees and is staked by operators.
- Market cap
- $192.46M
- Volume 24h
- $43.81M
- All-time high
- —
- Circulating supply
- 2.55B
Passes our 8 Shariah criteria. Needs caution: excessive uncertainty (gharar).
- 7 pass
- 1 caution
- 0 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
About Zama
Zama builds fully homomorphic encryption so smart contracts can work on encrypted data; ZAMA pays protocol fees and is staked by operators.
Zama is a cryptography company that builds fully homomorphic encryption (FHE). FHE lets a computer work on data while it stays encrypted. The Zama Protocol uses it to give Ethereum and other chains confidential balances and smart contracts, such as private payments, payroll and DeFi.
ZAMA is the protocol's token. Apps pay fees in ZAMA for encryption, decryption and bridging, priced in US dollars, and all fees are burned. The protocol is run by staked operators (13 key-management nodes and 5 FHE coprocessors at launch) who can be slashed for abuse. Holders can delegate to operators and share rewards, which are newly minted at 5% a year at first.
The planned supply was 11 billion ZAMA: 12% was sold publicly, and the treasury, team, VCs, angels and growth pools hold most of the rest under lockups. A sealed-bid auction in January 2026 cleared at $0.05, and trading began on 2 February 2026.
In 2026 Zama's ecosystem grew around confidential stablecoins and yield vaults, and ZAMA became available on Revolut and on Solana.
Sources · 8
- Zama docs: Zama Protocol litepaper
- Zama blog: Staking is now live on mainnet
- Zama blog: Announcing the Zama public auction
- The Block: Zama launches token, debuts privacy metric after more than $121 million shielded on Ethereum
- Decrypt: Zama's public auction attracts $118M for Ethereum's first encrypted ICO
- Zama blog - Zama newsletter: August recap
- Zama blog: Confidential DeFi at scale
- Zama blog: $ZAMA is now trading on Solana via Sunrise
AI-assisted analysis checked against sources. Not a fatwa or investment advice.
Key facts
- Launched
- Feb 2, 2026
- Creator
- Zama (Rand Hindi, Pascal Paillier)
- Issuer
- Zama
- New supply
- 5.00% a year
What it is used for
- Paying for encryption and decryption on the Zama Protocol
- Staking as an operator or delegating to operators
- Governing protocol parameters
- Confidential payments and DeFi apps
Market data
- Market cap
- $192.46MRank #146
- Fully diluted value
- —
- Volume 24h
- $43.81M22.76% of market cap
- Total supply
- 11.31B ZAMAIssued so far
- All-time high
- —
- All-time low
- —
- Circulating supply
- 2.55B ZAMA
- Max supply
- —No fixed cap
Where it trades
Section in preparation
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