Gate News Bot Message, December 29th, according to CoinMarketCap data, as of press time, ZKC (Boundless) is currently trading at $0.14, up 20.72% in the past 24 hours, with a high of $0.15 and a low of $0.10. The 24-hour trading volume reached $43.1 million. The current market capitalization is approximately $31 million, an increase of $5.32 million from yesterday.
Important recent news about ZKC:
1️⃣ Launch of Fully Decentralized Network Phase
The shutdown of Risc Zero’s official hosted proof service marks the beginning of a new phase of full decentralization for the Boundless network. Proof requests are now handled by independent nodes within the Boundless network instead of centralized third-party services, aligning the proof mechanism with the blockchain’s resilience and neutrality features. This upgrade enhances the network’s autonomy and reliability, reinforcing investor confidence in the project’s long-term development.
2️⃣ Optimization of Open Proof Market Competition Mechanism
Through mechanisms like verifiable Proof of Work (PoVW), Boundless has created a highly competitive proof provider market environment. Independent nodes are rewarded based on actual computational work, incentivizing proof providers to improve efficiency and reduce costs. This allows all connected chains to access more efficient and user-friendly zero-knowledge proof services. The market-driven incentive mechanism improves the network’s economic efficiency.
3️⃣ Technical Recovery After Oversold and Resurgence of Market Attention
Following a price retracement of over 80% after the TGE, ZKC has recently surged strongly, with approximately a 30% increase in the past 24 hours. The current circulating market cap is about $27 million, but the daily trading volume has exceeded $90 million, with significant trading activity, reflecting a clear increase in short-term investor interest. As a general zero-knowledge computing protocol, Boundless provides scalable and verifiable computing power for multiple blockchains through its decentralized proof network. This aligns with the current market trend of rising interest in “privacy computing” and “ZK infrastructure.” The project has also received funding support from institutions such as Blockchain Capital, Bain Capital Crypto, and Delphi Ventures, and has established partnerships with Ethereum Foundation, Wormhole, EigenLayer, among others. Its current market cap is relatively low, making it an important driver for some funds to participate in the rebound.
This message is not investment advice. Investors should be aware of market volatility risks.
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
Probability of US stock market crash rises to 35%? Bitcoin holds at $67,000, but risk assets may face greater volatility
Amid increasing volatility in the global financial markets, Bitcoin's price remains relatively stable at approximately $67,378, but analysts warn that a significant pullback in the U.S. stock market could still pressure the crypto market. Major cryptocurrencies such as Ethereum, BNB, and Dogecoin have all risen slightly. Meanwhile, S&P 500 futures declined, oil prices broke through $100, and market panic sentiment increased. Analysts have raised their estimates of the probability of a U.S. stock market crash, indicating that the economy faces dual challenges of inflation and employment pressures.
GateNews29m ago
SYN Defends $0.0456 Support As Consolidation Sets Up the Next Breakout With Potential 54% Gains
The Synapse (SYN) coin could be in a massive move, according to data shared today by market analyst Crypto Ronald. Today, the cryptocurrency experienced a 1.09% modest rise, showing its consolidative movement, which makes the analyst believe that the asset could be preparing for a big jump soon.
Sy
BlockChainReporter45m ago
Bloomberg Strategist: Crypto Market Decline Could Signal the Start of a "Deflationary Domino," Iran Situation May Trigger Recession in the US
Bloomberg Intelligence's Mike McGlone analyzes the current market, pointing out that the Iran situation could trigger a recession in the U.S. economy. The market's high valuations and low volatility warrant caution for potential turning points. He believes that the decline in crypto assets marks the beginning of deflationary effects, and rising oil prices could trigger an economic downturn. At the same time, he predicts that U.S. Treasury bonds will become the main source of excess returns in the future, and currency price fluctuations will impact the stock market.
GateNews46m ago
WNXM Explodes 45.5% as Market Sentiment Shifts
WNXM's price surged 45.5% in 30 minutes, reaching $73.26, driven by market sentiment shifts and heightened trading activity. Analysts attribute this to macroeconomic factors and increased whale interest, prompting traders to watch key resistance and support levels closely.
Coinfomania1h ago
XRP Notes 27% Surge in Daily Burn Activity as On-Chain Metrics Turn Promising - U.Today
XRP's burn rate has surged by 27% despite its price dropping below $1.40, indicating increased network activity and potential demand. This could signal a possible price recovery amidst broader market challenges.
UToday1h ago
BloFin Research: Circle Stablecoin Survives Bear Market, OCC Becomes the Biggest Critical Variable
BloFin Research report analyzes Circle's profit model, primarily driven by three factors: "interest rates, USDC scale, and distribution economics." However, OCC's new interpretation of the "GENIUS Act" could pose a serious threat to the collaboration between Circle and Coinbase, affecting USDC distribution efficiency. The report also notes that the stablecoin supply is decoupled from the crypto market prices, indicating that Circle's reserve income is more stable.
MarketWhisper1h ago
