Zama launches ZAMA token, introduces new onchain privacy metric

Zama has launched and listed its native token, ZAMA, positioning the move as a major milestone for onchain privacy after more than $121 million in economic value was encrypted on Ethereum during its recent public token auction.

The company said the event marks the first production-scale deployment of fully homomorphic encryption (FHE) on Ethereum mainnet, enabling public market participation while keeping user data confidential. ZAMA is now trading, with centralized exchange listings — including Coinbase and Binance — set to go live at 1 p.m. UTC on Monday.

Alongside the launch, Zama introduced a new metric called Total Value Shielded (TVS), designed to measure the amount of economic value actively encrypted and kept private onchain — a privacy-focused counterpart to DeFi’s Total Value Locked. More than 11,000 participants joined the project’s sealed-bid auction, with demand exceeding supply by 218%.