Zetachain’s Mainnet Witnessing an Explosive Growth as ZETA Price Surges by 120%
ZetaChain, a groundbreaking Layer-1 blockchain, made a significant impact on February 1st when it launched its mainnet beta. The announcement caused a remarkable surge in the value of its native asset, ZETA, which skyrocketed by an impressive 150%, reaching $1.9 within hours.
ZetaChain is an EVM-compatible layer-1 blockchain that stands out for its built-in chain-agnostic interoperability. It supports various chains such as EVM, Cosmos/IBC, Bitcoin, Dogecoin, Tron, and more. What sets ZetaChain apart is its unique messaging capabilities that enable seamless transmission of data and native value across different chains without requiring asset wrapping.
One of the key features of ZetaChain is its native utility token, which plays a crucial role in ensuring the platform’s smooth operation. This versatile token facilitates the smooth movement of value between chains and serves as a guardian of blockchain security by covering gas fees, overseeing transactions, and managing data storage.
ZetaChain’s financial journey has been impressive. In August 2023, the company secured a substantial investment of $27 million during a funding round. Notable participants in the funding round included Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, Kudasai, and Krust.
With the launch of its mainnet, ZetaChain now supports the BNB Chain, Bitcoin (BTC), and Ethereum (ETH) networks. The BNB Chain takes the forefront for user interactions, cross-chain trading, and liquidity transfers. This means that BNB Chain users can now interact with contracts on ZetaChain, trade across chains connected to ZetaChain, and transfer liquidity.
In terms of market dynamics, ZetaChain’s price currently stands at $1.67, representing a significant surge of 120% in the past 24 hours. The trading volume is also substantial, reaching $267,675,385. However, it’s worth noting that the circulating supply is currently unavailable, and the maximum supply is capped at 2.1 Billion ZETA coins.
As for what’s next for ZetaChain, we’ll have to wait and see.