Gate News Bot Message, December 29th, according to CoinMarketCap data, as of press time, ZKC (Boundless) is currently trading at $0.14, up 20.72% in the past 24 hours, with a high of $0.15 and a low of $0.10. The 24-hour trading volume reached $43.1 million. The current market capitalization is approximately $31 million, an increase of $5.32 million from yesterday.
Important recent news about ZKC:
1️⃣ Launch of Fully Decentralized Network Phase
The shutdown of Risc Zero’s official hosted proof service marks the beginning of a new phase of full decentralization for the Boundless network. Proof requests are now handled by independent nodes within the Boundless network instead of centralized third-party services, aligning the proof mechanism with the blockchain’s resilience and neutrality features. This upgrade enhances the network’s autonomy and reliability, reinforcing investor confidence in the project’s long-term development.
2️⃣ Optimization of Open Proof Market Competition Mechanism
Through mechanisms like verifiable Proof of Work (PoVW), Boundless has created a highly competitive proof provider market environment. Independent nodes are rewarded based on actual computational work, incentivizing proof providers to improve efficiency and reduce costs. This allows all connected chains to access more efficient and user-friendly zero-knowledge proof services. The market-driven incentive mechanism improves the network’s economic efficiency.
3️⃣ Technical Recovery After Oversold and Resurgence of Market Attention
Following a price retracement of over 80% after the TGE, ZKC has recently surged strongly, with approximately a 30% increase in the past 24 hours. The current circulating market cap is about $27 million, but the daily trading volume has exceeded $90 million, with significant trading activity, reflecting a clear increase in short-term investor interest. As a general zero-knowledge computing protocol, Boundless provides scalable and verifiable computing power for multiple blockchains through its decentralized proof network. This aligns with the current market trend of rising interest in “privacy computing” and “ZK infrastructure.” The project has also received funding support from institutions such as Blockchain Capital, Bain Capital Crypto, and Delphi Ventures, and has established partnerships with Ethereum Foundation, Wormhole, EigenLayer, among others. Its current market cap is relatively low, making it an important driver for some funds to participate in the rebound.
This message is not investment advice. Investors should be aware of market volatility risks.
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