ZamaZAMA

A confidentiality layer that keeps blockchain data encrypted while apps use it, through fully homomorphic encryption.

Rank #192Since February 2026

Price on 31 Oct 2026

C$0.0907 +23.2% since 31 Jul 2026 · 40.0% below its all-time high

The short version

Zama builds a confidentiality layer based on fully homomorphic encryption, letting smart contracts on existing chains process encrypted balances and amounts without revealing them. It is led by Rand Hindi and Pascal Paillier and raised about US$185M. Encryption fees are paid in ZAMA and burned, and the angel, VC and team allocations, half of supply, reach a cliff on 2 Feb 2027. On 31 Oct 2026 one ZAMA cost C$0.0907. From 31 Jul 2026 to 31 Oct 2026 its price changed +23.2% in Canadian dollars, and it was 40.0% below its all-time high of C$0.1512 set on 23 Sep 2026.^[1]

Checked 31 Oct 2026 · 9 sources · next update about 1 Dec 2026

Price, past year

Since 2 Feb 2026: high C$0.1430 (23 Sep 2026) · low C$0.0246 (13 Feb 2026) · +100.5%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$0.0940	US$0.0674
30 Sep 2026	C$0.1067	US$0.0750
31 Aug 2026	C$0.0705	US$0.0508
31 Jul 2026	C$0.0751	US$0.0535
30 Jun 2026	C$0.0456	US$0.0321
31 May 2026	C$0.0502	US$0.0364
30 Apr 2026	C$0.0362	US$0.0267
31 Mar 2026	C$0.0313	US$0.0225
28 Feb 2026	C$0.0305	US$0.0223

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$0.0907^[1]
3-month change: +23.2% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 40.0% below its high of C$0.1512 (23 Sep 2026)^[1]
Market rank: #192, market value about C$231.8M^[1]
Kind: Token · Ethereum (ERC-20); also on BNB Chain, Solana and Zama's gateway chain
Started: February 2026

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NoOnly ProtocolStaking contracts mint rewards; the DAO contract holds the admin role^{[2, 3]}

Can anyone freeze or take coins from holders?NoNo blacklist, freeze or admin burn; only minting can be paused^{[2, 3]}

Can the token's contract code be changed?NoFixed contract code on Ethereum, not a proxy^[2]

Is the supply capped?NoNo maximum in code; staking rewards add new ZAMA^{[3, 4]}

Any scheduled unlocks in the next 12 months?YesAbout 4.7B ZAMA, roughly 185% of circulating^[5]

Does a team or foundation hold over 10% of supply?YesAngels, VCs and team (50% of supply) are locked until 2 Feb 2027^[5]

Do network fees reach coin holders?YesEncryption and decryption fees are paid in ZAMA and 100% burned^[4]

Main network hacked or halted in the past 2 years?NoNo Zama entry in DefiLlama's hacks list^[6]

Is a regulator or court case targeting the coin itself?NoNo live regulator or court case found^[7]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Team: Rand Hindi (CEO), Pascal Paillier (CTO) and Nigel Smart^[8]
Backers: Pantera, Multicoin, Blockchange and Protocol Labs led; about US$185M raised 2024-2026^[5]
Minting: Only two ProtocolStaking contracts hold the minter role; the admin role sits with a DAO contract^{[2, 3]}

Supply

In circulation: 2.56B ZAMA of 11.34B in total (22.6%)^[1]
Maximum supply: None set^[1]
Fully diluted value: 4.43 times its current market value^[1]
Allocation: Team 20%, VCs 20%, treasury 20%, angels 10%, growth 10%^[5]
Unlocks: About 4.7B ZAMA in the next 12 months, about 185% of circulating^[5]
New coins: New ZAMA is minted on a schedule to reward operators and their delegators^[4]

Use and fees

Main use: Operators stake ZAMA; encryption and decryption fees are paid in ZAMA^[4]
Activity: Shielded TVL US$131M on 18 Oct 2026, up 82% in 30 days; 16 vaults^[7]
Who gets fees: Protocol fees are 100% burned^[4]

Trading

Daily trading: About C$28.6M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 7.41% of its market value changes hands each day^[1]
20-week average: 19.0% above its 20-week average price^[1]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[9]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

1 red flag found

Red flag: About 4.7B ZAMA, roughly 185% of circulating supply, is scheduled to unlock in the 12 months to Oct 2027, mostly from the 2 Feb 2027 cliff onward.^[5]

Arthur Hayes's family office Maelstrom closed its trading book on 24 Oct 2026, including about 3M ZAMA.^[7]
Angel and VC tokens unlock from 2 Feb 2027 to 2 Feb 2028; team tokens until 2 Feb 2030.^[5]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.