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ZAMA jumps 32% after Zama launches confidential RFQ on Ethereum

ZAMA jumps 32% after Zama launches confidential RFQ on Ethereum

Trading volume rose 129% to about $129 million as the new on-chain request-for-quote system enters private beta on Ethereum and aims to curb MEV and front-running by hiding key swap details.

ETH
USDC
MORPHO

Fact Check
The core claim is confirmed by the primary source: Zama's official X post (July 23, 2026) announces the Confidential RFQ swap protocol live on Ethereum Mainnet, entering private beta and hiding trade size/direction to curb MEV and front-running, matching the claim's substance. Founder Rand Hindi and outlets PANews, Phemex, and CryptoTimes corroborate the protocol details. The specific 32% price jump and 129%/$129M volume figures are reported directly by CryptoTimes; CoinMarketCap independently shows ZAMA hitting an all-time high of $0.05802 on July 23, 2026 with volume ~$145M, consistent with a large surge around the launch. The exact 32% figure is single-sourced (CryptoTimes) and could vary by measurement window, which is the only minor uncertainty; the qualitative claims are fully verified.
Summary

ZAMA rose 32% on Thursday after Zama launched its Confidential RFQ (request-for-quote) swap protocol on Ethereum Mainnet, a system designed to keep trade size, direction and asset type private during on-chain swaps. The token climbed from an intraday low of around $0.04 to $0.057 before paring some gains, and was trading at $0.05522 at the time of writing. Trading volume increased 129% to approximately $129 million, while market capitalization reached about $121 million. Zama founder Rand said on X that the protocol is now in private beta on Ethereum mainnet, with a public release expected in September and multichain support planned later. Zama said the protocol uses the ERC-7984 confidential token standard and sealed-bid auctions to reduce maximal extractable value, or MEV, and front-running by encrypting sensitive order information. The platform initially supports cUSDT/cUSDC, cZAMA/cUSDC, and cSteakcUSDC/cUSDC, and Zama has said 100% of swap fees will be used to buy back and burn ZAMA tokens, with no frontend fees, as it expands a broader confidential DeFi ecosystem that recently added a Steakhouse Confidential Prime USDC vault on Morpho.

Terms & Concepts
  • RFQ: Request-for-quote system where market makers compete to price a trade.
  • MEV: Maximal extractable value from reordering or exploiting pending blockchain transactions.
  • ERC-7984: A confidential token standard used by Zama’s protocol to help keep trading details private on-chain.