Zama’s Public Public sale Attracts $118 Million for Ethereum’s First Encrypted ICO – The Each day Hodl

January 27, 2026 – Paris, France

After a number of years of improvement, Zama lately introduced its launch on mainnet with the primary cUSDT (Confidential USDT) switch on Ethereum.

Over the previous couple of days, the Zama public public sale turned the primary manufacturing software constructed on the Zama Protocol, demonstrating real-world utilization and scalability.

The Zama public sale app was the most-used software on Ethereum on January 24, 2026, above USDT, USDC and Uniswap.

It took Zama solely three days to develop TVS (whole worth shielded) above $100 million – one thing that took different Ethereum-based privateness protocols a number of years.

The protocol skilled no downtime and was in a position to sustain with the throughput of Ethereum itself, proving that FHE is now production-ready and can be utilized at scale by anybody constructing a monetary software on the blockchain.

The Zama public public sale

The Zama ICO was carried out by a confidential sealed-bid Dutch public sale.

After learning greater than 100 TGEs (token era occasions), auctions had been recognized as providing the very best steadiness of truthful distribution, worth discovery and capital effectivity.

In a Dutch public sale, the clearing worth isn’t the very best bid – it’s the bottom worth at which a bid will get stuffed.

Confidentiality is important – when contributors can see others’ bids, worth discovery turns into distorted as individuals react to at least one one other fairly than bidding what they honestly imagine.

Individuals picked a worth (public) and an quantity (non-public). Bid sizes weren’t seen to different contributors or to automated techniques.

When the public sale closed, the clearing worth was calculated homomorphically, instantly on encrypted knowledge.

The numbers

The public sale ran from January 21-24, 2026.

• $121.3 million TVS instantly within the Zama public sale app
• $118.5 million whole worth dedicated within the public sale – including $2.2 million from the Kucoin sale and $4.2 million from the CoinList sale
• 24,697 whole bids executed throughout all three platforms
• 11,103 distinctive bidders
• $0.05 clearing worth
• $44,000,000 remaining quantity paid by successful bids
• 2,805,849,657 tokens demanded
• 880,000,000 tokens bought
• 218% oversubscribed

What’s subsequent

The Zama public public sale accounted for 12% of the preliminary provide and was dealt with in three segments.

• The group sale – two p.c
• The general public public sale – eight p.c
• The pre-TGE sale – two p.c

The upcoming pre-TGE sale will give an opportunity to contributors who didn’t get their bids stuffed within the public sale to purchase ZAMA tokens on the public sale clearing worth – with a $10,000 participation cap.

Claiming opens February 2, 2026.

ZAMA tokens might be distributed as normal ERC-20 tokens, absolutely unlocked and instantly usable for paying encryption and decryption charges on the Zama Protocol.

All ZAMA holders can stake their tokens on their alternative of operators to earn rewards and assist safe the Zama Protocol.

Utilizing the Zama Portfolio, anyone can begin to defend and ship confidential tokens.

Lastly, blockchain will get its ‘HTTPS’ second, marking the tip of absolutely clear transactions. Zama calls this imaginative and prescient, ‘HTTPZ.’

Further hyperlinks

About Zama

Zama is an open-source cryptography firm constructing state-of-the-art FHE options for blockchain.

Its expertise permits a broad vary of use instances, from confidential finance to Net 3.0 and community states.

Zama was based by Dr. Pascal Paillier and Dr. Rand Hindi and has the biggest analysis crew in homomorphic encryption.

Contact

Julia André, director of public relations and communications for Zama