ZKsyncZK

The governance token of ZKsync, an Ethereum rollup built by Matter Labs, airdropped in June 2024.

Rank #244Since June 2024

Price on 31 Oct 2026

C$0.0148 +31.7% since 31 Jul 2026 · 96.6% below its all-time high

The short version

ZK is the governance token of ZKsync Era, an Ethereum rollup developed by Matter Labs (CEO Alex Gluchowski) and issued by the ZKsync Association on 17 Jun 2024 with a 21 billion cap. Holders vote through the Token Assembly, which directs 29% of supply; investor and team tokens unlock monthly until June 2028. In Apr 2025 an attacker used a compromised admin key to mint 111M unclaimed airdrop tokens, 90% of which were returned. On 31 Oct 2026 one ZK cost C$0.0148. From 31 Jul 2026 to 31 Oct 2026 its price changed +31.7% in Canadian dollars, and it was 96.6% below its all-time high of C$0.4411 set on 16 Jun 2024.^[1]

Facts checked 2 Nov 2026 · 13 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$0.1065 (6 Nov 2025) · low C$0.0101 (13 Aug 2026) · -82.8%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$0.0148	US$0.0106
30 Sep 2026	C$0.0171	US$0.0120
31 Aug 2026	C$0.0126	US$0.00908
31 Jul 2026	C$0.0112	US$0.00799
30 Jun 2026	C$0.0146	US$0.0103
31 May 2026	C$0.0198	US$0.0144
30 Apr 2026	C$0.0213	US$0.0156
31 Mar 2026	C$0.0244	US$0.0175
28 Feb 2026	C$0.0267	US$0.0195
31 Jan 2026	C$0.0337	US$0.0248
31 Dec 2025	C$0.0407	US$0.0297
30 Nov 2025	C$0.0530	US$0.0379

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$0.0148^[1]
3-month change: +31.7% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 96.6% below its high of C$0.4411 (16 Jun 2024)^[1]
Market rank: #244, market value about C$162.9M^[1]
Kind: Token · ZKsync Era (native token contract); bridgeable to Ethereum
Started: June 2024

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NoMint rights come only from Token Assembly votes, into capped minter contracts; 21B is a governance rule^{[2, 3]}

Can anyone freeze or take coins from holders?NoNo blacklist or pause; a burn-from role exists in code and can be granted only by governance^[3]

Can the token's contract code be changed?YesUpgradeable proxy contract on Ethereum^[4]

Is the supply capped?No21B is a governance commitment; the contract has no hard cap and supply can rise by governance upgrade^{[2, 3]}

Any scheduled unlocks in the next 12 months?YesAbout 18% of circulating supply: up to 0.8% a month to investors and team until June 2028^{[2, 5]}

Does a team or foundation hold over 10% of supply?YesInvestors 19.8% and team 13.6% at allocation, half still locked; Token Assembly and Foundation were allocated 49%^{[2, 5]}

Do network fees reach coin holders?NoNo buyback, burn or fee share is live; a Nov 2025 proposal plans them^[6]

Main network hacked or halted in the past 2 years?YesAirdrop contracts exploited through a compromised admin key on 15 Apr 2025: 111M ZK minted, 90% returned^{[7, 8]}

Is a regulator or court case targeting the coin itself?NoNo regulator or court case naming ZK, Matter Labs or the Association found^{[6, 9]}

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

Who controls it

Run by: Matter Labs builds the software (CEO Alex Gluchowski); the ZKsync Association issued the token; a Security Council and Guardians hold emergency powers^{[6, 2]}
Allocation: Token Assembly 29.3%, Foundation ecosystem 19.9%, investors 19.8%, team 13.6%, airdrop 17.5% (docs, June 2025 figures)^[2]
Minting rights: Granted by Token Assembly votes to capped minter contracts; the token contract is an upgradeable proxy^{[2, 3, 10]}
Non-circulating: About 47% of the 21B is not yet circulating (locked or unminted)^[1]

Supply

In circulation: 11.02B ZK of a 21.00B maximum (52.5%)^[1]
Fully diluted value: 1.91 times its current market value^[1]
Cap: 21 billion by governance commitment; about 15.4B minted and 11.0B circulating; supply can rise through a governance upgrade^{[2, 10, 1]}
Unlocks: Investor and team tokens: 1-year cliff, then up to 0.8% of supply (about 170M ZK) a month until June 2028^{[2, 5]}
Next 12 months: About 2.0B ZK (roughly 18% of circulating) to investors and team (estimate from the schedule)^{[2, 5, 1]}

Use and fees

Main use: Governance votes on ZKsync Era and the Elastic Network; cross-chain (interop) fees payable in ZK since the v31 upgrade^[9]
Network fees: ZKsync Era earned about US$392,000 in fees in the past year (DefiLlama)^[11]
Fees to holders: None live; a Nov 2025 proposal plans buybacks, burns and staking rewards; the issuer's June 2026 filing says no buyback program exists^[6]

Trading

Daily trading: About C$21.8M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 8.60% of its market value changes hands each day^[1]
20-week average: 1.0% below its 20-week average price^[1]
1-year change: -85.9% in C$^[1]^[12]

History

Not a forecast

Coins ranked 201-500 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 8,067 cases, 1,187 coins

33% were higher a year later^[13]

Typical result: Median -38% after a year; 33% higher after two years
Lost half or more: 44% within a year
Against Bitcoin: 11% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

2 red flags found

Red flag: About 2.0B ZK (roughly 18% of circulating supply) unlocks to investors and the team over the next 12 months, at up to 0.8% a month until June 2028.^{[2, 5, 1]}
Red flag: An attacker with a compromised admin key minted 111M ZK (US$5M) from airdrop contracts on 15 Apr 2025; 90% came back on 23 Apr 2025 for a 10% bounty.^{[7, 8]}

ZKsync Lite, the original rollup, stopped producing blocks on 4 May 2026; Matter Labs now focuses on Era and the Prividium bank stack.^[6]
Prividium Commander launched on 22 Oct 2026 for financial institutions; Germany's Bundesbank tested the permissioning engine in Sep 2026.^{[9, 6]}
A ZK staking pilot ran 9 Feb to 11 May 2026; season 2 was paused on 20 May 2026 and its capped minters expire 31 Dec 2026.^[6]

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$.