Z

ZKsync

ZK/USD #227 Crypto
$0.0122+2.50%24h
24h Range
$0.0118$0.0128

ZK to USDT Converter

1 ZK = 0.0121798 USDT · updated 06:22 UTC

Volume Bubbles Chart (1h)

Each 1-hour candle's volume is signed by its direction (up candles count as net buying, down candles as net selling) and drawn as a bubble at the closing price, green for buying and red for selling. Bubble size and colour intensity show how strong that flow is compared with the last 300 candles: the strongest 30% get full bubbles with their USD value, the rest stay as small dots. Unusually large bubbles flag aggressive buying or selling worth a closer look, often near breakouts, reversals or key levels.

Seasonal Chart

Plots one line per calendar year showing the % change since the start of that year, with the current year highlighted against up to four previous years. Lining the years up on the same calendar shows whether the price tends to rise or fall in the same months, helping you spot recurring seasonal patterns. Treat it as context rather than a forecast: past seasonality does not guarantee future moves.

ZKsync Markets

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ZKsync Historical Data

About ZKsync (ZK)

ZKsync (ZK) is the token of ZKsync, a network of Ethereum layer-2 chains secured by zero-knowledge proofs. Such a proof lets a chain show that its transactions were processed correctly without Ethereum having to re-run them. ZK Nation is the name used for ZKsync's onchain governance community. ZK launched purely as a governance token. Prices on this page come from FMchart's composite, which blends ZK trades on several exchanges into one dollar quote for the chart and return tables.

Airdrop and the Token Assembly

The ZK token followed with an airdrop of 3.675 billion tokens, or 17.5% of supply. The airdrop came with no lock-ups. Holders vote, directly or through delegates, in the Token Assembly. That body shares power with a Security Council, so no single party can push through protocol changes alone. Proposals that upgrade the protocol need both the Token Assembly and the Security Council to take part, according to ZIP-14.

Capped minters and a 21 billion limit

The ZK supply cap is 21 billion. Instead of minting everything at launch, ZKsync uses capped minters, contracts allowed to create tokens up to a set limit when they are needed. The 29.27% governed by the Token Assembly stays unminted until programs are approved. Ecosystem initiatives run by the ZKsync Foundation hold another 19.90%. Investor and team tokens, 19.78% and 13.55% of supply, unlock between June 2024 and June 2028. After June 2025, no more than 0.8% of supply unlocks in any month. ZIP-14, executed in December 2025, added burn functions and enforced the 21 billion cap in the contract.

From governance to utility

A November 2025 proposal on the ZK Nation forum set out a plan to give ZK economic utility. Interop fees for moving assets across ZKsync chains and private Prividium chains, plus offchain enterprise licensing, would fund ZK purchases. Those tokens would go to staking rewards, burns and ecosystem funding. A staking pilot approved by holders, TPP-12, ran its first three-month season from February to May 2026, paying ZK rewards to holders who delegated to active delegates. ZIP-14's roadmap lists turning on sequencer and interop fees as a later governance step.

The 2025 exploit and ongoing unlocks

On 13 April 2025, a compromised admin key was used to mint about 111.8 million ZK from expired airdrop contracts. The Security Council negotiated the return of 90% of the funds under a safe harbor agreement with the hacker. Holders then voted to convert the recovered ETH back into ZK, so the unminted airdrop supply could be restored. Investor and team unlocks continue until mid-2028, adding supply each month. The token's value capture depends on how the fee plans proposed in 2025 are carried out.

Sources: ZK token: supply cap, distribution and lock-ups (ZK Nation docs), Season 1 review: ZKnomics staking pilot program (ZK Nation forum, May 2026), From Governance to Utility: $ZK Token Proposal, Part I (ZK Nation forum, November 2025), [ZIP-14] Upgrade ZK Token with Permissionless Burn Function (ZK Nation forum), [GAP-3] Converting ETH recovered from the April 2025 exploit into ZK (ZK Nation forum)

Last reviewed: Oct 8, 2026

ZKsync (ZK) FAQ

What is ZKsync (ZK)?

ZKsync is a network of Ethereum layer-2 chains that use zero-knowledge proofs, and ZK is its governance token. Holders vote in the Token Assembly on protocol upgrades and token programs. A plan published in November 2025 aims to add staking rewards and burns funded by network fees.

What was the ZK airdrop?

The ZK airdrop distributed 3.675 billion tokens, or 17.5% of the 21 billion supply, as a one-time drop with no lock-ups. The rest of the supply went to the Token Assembly, ecosystem initiatives, investors and the team. Recipients could use the tokens to vote or delegate in governance.

What are ZKsync capped minters?

Capped minters are smart contracts that may mint ZK up to a fixed limit when tokens are needed. This avoids holding a large pre-minted treasury. They were used for the airdrop, investor and team vesting, and the foundation. Token programs approved by governance receive their own capped minters.

What is the price of ZK today?

ZK is changing hands near $0.0122 in FMchart's composite index, which merges quotes from several exchanges. About $3.72M worth of ZK traded in the past 24 hours across the exchanges in FMchart's composite. Investor and team unlocks continue monthly until 2028, adding to the supply that can trade.

What is ZK's maximum supply?

ZK is capped at 21,000,000,000 tokens, a limit the contract has enforced since ZIP-14 in December 2025. About 11,020,353,242 ZK circulate today, worth roughly $134.0M at the composite price, good for rank 227. Part of the cap is still unminted or locked, so circulating supply keeps growing.

What is ZK's all-time high?

According to market data, ZK's highest price was $0.321, reached on Jun 16, 2024. Since then, monthly unlocks for investors and the team have added to circulating supply. The Price Statistics panel compares today's price with that high and with the all-time low.

How has ZK performed since trading began?

In FMchart's composite price history (since September 2024), November 2024 (+46.4%) was ZK's best month and October 2025 (-42.5%) its worst. ZK was distributed in June 2024, so the record is short. The Monthly Returns (USD) grid lists every month, and none of it predicts what comes next.

When do ZK investor and team tokens unlock?

Investor and team tokens follow a four-year schedule from June 2024 to June 2028, with a one-year cliff. In June 2025, 3.6% of total supply unlocked from these allocations. After that, no more than 0.8% of supply unlocks each month until June 2028.

What happened in the April 2025 ZK exploit?

On 13 April 2025, an attacker used a compromised admin key to mint about 111.8 million ZK from expired airdrop distributor contracts. The Security Council recovered 90% of the funds through a negotiated settlement. Holders then approved converting the returned ETH back into ZK.

Is ZK a good investment?

FMchart offers no investment advice, and the choice is yours. ZK has a hard cap and new burn functions. It also faces monthly unlocks until 2028 and a value-capture plan that depends on fees switched on through future governance votes.