Recently, the ZK sector has had major movements, Boundless is about to have its TGE soon.
This is the first open zero-knowledge proof market launched by the Risc Zero team, integrating "computing power bidding + ZK mining" into a single network where developers issue computing tasks, miners bid to complete the proof, and the final results can be verified on any chain.
The testnet results have been quite impressive, with even instances of 0 price locked orders. The miner lineup includes established players like Bitmain, Bitfufu, and 6Blocks, so the ecosystem and computing power are not insignificant.
The logic of the token $ZKC is also clear:
Used for paying proof fees
Mining rewards for miners via PoVW
Protocol governance rights
In comparison to competitors like Succinct (valued at 850 million USD, with a market cap stabilizing at 1 billion after launching on Binance/Upbit), Boundless was only 350 million last round, with potential space of at least 3-4 times.
My personal expectations:
Short-term: There will be fluctuations after the TGE; miners/early investors may dump.
Mid-term: After zkMining and developer demand rise, supply and demand will gradually stabilize.
Long-term: If it can truly achieve "AWS + GPU cloud of Web3," then the market cap ceiling is very high.
With ZK narrative leading, miners/capital/ecosystem are all fully engaged, the performance of ZKC is definitely worth close attention.
Staking $ZKC now can yield high annualized rewards, long-term holders can directly deposit to gain asset growth, and those looking to arbitrage can hedge prices to earn apr.
Staking link: https://staking.boundless.network/
@Boundless @Tinaliu333 @RiscZeroCN