ZetaChain Price

ZetaChain (ZETA) is a cryptocurrency that powers the ZetaChain platform, a Layer 1 blockchain designed for cross-chain interoperability. Currently ranked #296 with a price of $0.2074, ZETA enables seamless data exchanges and smart contract executions across multiple blockchains. The token has seen -12.48% change in the last 24 hours, with trading volume reaching $5.27M. With a market cap of $192.1M and a circulating supply of 926.18M ZETA, ZETA serves as the utility token for the ZetaChain ecosystem. The platform allows developers to build decentralized applications that can read and write data across different blockchain networks, creating a unified experience for users. ZETA's total supply is capped at 2.1B ZETA, making it a potentially deflationary asset in the growing cross-chain infrastructure space.

ZetaChain was created on June 25, 2021. It operates primarily on the Ethereum platform as an ERC-20 token, though it's also available on BNB Smart Chain. As an interoperability-focused cryptocurrency, ZetaChain aims to solve cross-chain communication challenges in the blockchain ecosystem. Since its launch, it has developed into a comprehensive Layer 1 solution with smart contract capabilities.

ZetaChain was founded by Dan Romero, Sam Rosenblum, and John Yi. These founders were early members of Coinbase, bringing significant cryptocurrency industry experience to the project. They also have backgrounds in creating the Basic Attention Token (BAT) and have invested in various blockchain projects. Their combined expertise in cryptocurrency exchanges, token development, and blockchain investments has been instrumental in developing ZetaChain's cross-chain interoperability solutions.

ZetaChain operates as a Layer 1 blockchain solution built on the Cosmos SDK with Tendermint Core consensus mechanism. The ZETA token serves as the native cryptocurrency of the ZetaChain ecosystem, currently priced at $0.2074 with a market cap of $192.1M. The network enables seamless cross-chain interoperability, allowing users to interact with multiple blockchains without switching networks. ZetaChain's omnichain smart contracts facilitate direct communication between different blockchains, eliminating the need for bridges or wrapped assets. Key functions of ZETA include: • Network security through staking • Transaction fee payments • Governance participation • Cross-chain transfers and smart contract execution With a total supply of 2.1B ZETA and 926.18M ZETA in circulation, ZetaChain has established itself as a leading interoperability solution in the Web3 space, ranking #296 among cryptocurrencies. The 24-hour trading volume stands at $5.27M with a -12.48% price change.

ZetaChain operates on a multi-layered technical architecture designed for cross-chain interoperability. At its core is a Layer 1 blockchain built on the Cosmos SDK with a Byzantine Fault Tolerant (BFT) consensus mechanism. The architecture includes: 1. Cross-Chain Bridge: Enables secure communication between different blockchains without requiring trust in third parties. 2. Omnichain Smart Contracts: Allows developers to write smart contracts that can interact with multiple blockchains simultaneously. 3. Observer Network: A decentralized network of nodes that monitor transactions across connected blockchains. 4. TSS (Threshold Signature Scheme): Provides secure multi-signature capabilities for cross-chain asset transfers. 5. ZetaCore: The main blockchain layer that coordinates all cross-chain activities and maintains the network state. This architecture allows ZetaChain to function as an interoperability protocol connecting various blockchain ecosystems, including Ethereum, BNB Chain, and other major networks, with a total supply of 2.1B ZETA ZETA.

ZetaChain has an ambitious roadmap focused on expanding its interoperability solutions across blockchain ecosystems. Currently ranked 296, ZETA plans to enhance its cross-chain infrastructure through 2025-2026, with major protocol upgrades scheduled quarterly. The team aims to increase adoption by improving developer tools, expanding partnerships, and launching new DeFi applications on the platform. By 2027, ZetaChain intends to implement advanced smart contract capabilities and scale its network to support higher transaction volumes. The long-term vision includes becoming a leading Layer 1 solution with seamless cross-chain functionality, potentially driving ZETA to capture significant market share in the interoperability sector. With a maximum supply of 2.1B ZETA tokens and current circulating supply of 926.18M ZETA, the tokenomics are designed to support sustainable growth while maintaining value for holders as the ecosystem expands.