$ZEN (Horizen) has completed one of the most aggressive strategic pivots in the crypto space, evolving from a legacy "privacy coin" into a modular Layer-3 (L3) infrastructure built on the Base network (Ethereum L2).
Strategic Pivot: From L1 to L3
The project has officially retired its standalone Proof-of-Work blockchain in favor of Horizen 2.0. By launching as a specialized L3 on Base, Horizen now leverages Ethereum’s security while providing a dedicated environment for high-performance apps using zero-knowledge proofs (ZKP) and Trusted Execution Environments (TEE).
Key Fundamental Drivers
"Compliant Privacy": Following the removal of shielded pools (the feature that caused delisting risks in 2024), Horizen now focuses on selective disclosure. This allows developers to build private DeFi and identity tools that are still auditable, making the token more attractive for institutional adoption.
Token Migration: The
$ZEN token has fully migrated to the ERC-20 standard on Base. This shift has significantly improved liquidity and allowed
$ZEN to be integrated into major DEXs like Aerodrome and Uniswap, ending its isolation from the broader DeFi ecosystem.
New Tokenomics: The transition to Proof-of-Stake (PoS) and the end of sudden "halvings" in favor of a smooth, gradual emission schedule aims to reduce price volatility and provide more predictable rewards for stakers.
Market Performance & Sentiment
Price Action: $ZENis currently trading in the $5.50 – $6.20 range. While it saw a significant rally in early January 2026, the short-term technicals are currently showing a "Strong Sell" bias as it consolidates below major moving averages.
Narrative Strength: The "Modular Infrastructure" and "ZK-Privacy" narratives are gaining steam, but
$ZEN 's price recovery is currently lagging behind its technical milestones as the market digests the supply changes from the migration.
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