Paris, France, January twenty seventh, 2026, Chainwire
After a number of years of growth, Zama lately introduced its launch on mainnet with the primary Confidential USDT (cUSDT) switch on Ethereum. Over the previous few days, the Zama Public Auction turned the primary manufacturing utility constructed on the Zama Protocol, demonstrating real-world utilization and scalability.
The Zama public sale app was the most-used utility on Ethereum on January twenty fourth, above USDT, USDC, and Uniswap. It took Zama solely three days to develop Whole Worth Shielded (TVS) above $100m, one thing that took different Ethereum-based privateness protocols a number of years. The protocol skilled no downtime, and was capable of sustain with the throughput of Ethereum itself, proving that FHE is now production-ready and can be utilized at scale by anybody constructing a monetary utility on the blockchain.
The Zama Public Auction
The Zama ICO was achieved via a confidential sealed-bid Dutch public sale.
After finding out greater than 100 TGEs, auctions have been recognized as providing the perfect stability of honest distribution, worth discovery, and capital effectivity. In a Dutch public sale, the clearing worth is not the very best bid, it is the lowest worth at which a bid will get crammed. Confidentiality is crucial: when members can see others’ bids, worth discovery turns into distorted as individuals react to 1 one other reasonably than bidding what they really imagine.
Members picked a worth (public) and an quantity (personal). Bid sizes weren’t seen to different members or to automated programs. When the public sale closed, the clearing worth was calculated homomorphically, straight on encrypted knowledge.
The numbers
The public sale ran from January 21–24, 2026.
- $121.3M Whole Worth Shielded (TVS) straight within the Zama public sale app
- $118.5M complete worth dedicated within the public sale (together with $2.2M from the Kucoin sale and $4.2M from the CoinList sale)
- 24,697 complete bids executed throughout all 3 platforms
- 11,103 distinctive bidders
- $0.05 clearing worth
- $44,000,000 closing quantity paid by successful bids
- 2,805,849,657 tokens demanded
- 880,000,000 tokens offered
- 218% oversubscribed
What’s subsequent
The Zama Public Auction accounted for 12% of the preliminary provide and was dealt with in three segments:
- The Neighborhood Sale (2%)
- The Public Auction (8%)
- The Pre-TGE sale (2%)
The upcoming pre-TGE sale will give an opportunity to members who didn’t get their bids crammed within the public sale to purchase $ZAMA tokens on the public sale clearing worth, with a $10k participation cap.
Claiming opens February 2nd. $ZAMA tokens shall be distributed as customary ERC-20 tokens, absolutely unlocked and instantly usable for paying encryption and decryption charges on the Zama Protocol.
All $ZAMA holders can stake their tokens on their selection of operators to earn rewards and assist safe the Zama Protocol.
Utilizing the Zama Portfolio, anyone can begin to protect and ship confidential tokens.
Lastly, blockchain will get its HTTPS second, marking the tip of absolutely clear transactions. Zama calls this imaginative and prescient HTTPZ.
Further hyperlinks
- Allocation outcomes for the Zama Public Auction: public sale.zama.org/outcomes
- Data on constructing with the Zama Protocol is obtainable from the Zama workforce
- Zama Protocol Litepaper
- Zama Public Auction Dune Dashboard
- Zama on X and Telegram
About Zama
Zama is an open-source cryptography firm constructing state-of-the-art FHE options for blockchain. Its expertise allows a broad vary of use circumstances, from confidential finance to Web3 and community states. Zama was based by Dr. Pascal Paillier and Dr. Rand Hindi, and has the most important analysis workforce in homomorphic encryption.
Contact
Director PR & Communications
Julia André
Zama
julia.andre@zama.ai
