Zama launches token, debuts privacy metric after more than $121 million shielded on Ethereum

The open-source cryptography company Zama has launched and listed its native token, ZAMA, marking the first production-scale deployment of fully homomorphic encryption (FHE) on the Ethereum mainnet. Alongside the launch, Zama introduced Total Value Shielded (TVS), a new metric analogous to DeFi's Total Value Locked, which measures the economic value actively encrypted and kept confidential on-chain. This metric was validated during Zama's sealed-bid Dutch auction (Jan. 21-25), where over 11,000 participants shielded more than $121 million in value, demonstrating strong demand for confidentiality-preserving mechanisms in public markets. CEO Rand Hindi stated this proves that public token sales can occur without forcing participants to expose their financial strategies. Zama positions itself as an infrastructure provider aiming to make encrypted computation a default feature across blockchain applications via its "HTTPZ" vision.

(Source：The Block)