At the time of writing, ZK trades around $0.072, maintaining a 34% daily gain. Trading volume has risen 42%, pushing its market cap beyond $600 million and placing it firmly among the top 100 digital assets. What makes this rally remarkable is that it happened during a market downturn that erased billions from other major coins. According to Nansen, ZKsync’s transaction fees spiked by 694% in just one week — the sharpest increase among all Layer-2 projects. By comparison, its closest rival, Arbitrum, saw growth of just 194%, roughly three times slower.
ZK Price Action Signals Market Strength
From a technical standpoint, ZK has built a new support base. The $0.045 level, previously a resistance zone, now acts as solid ground for further upward movement. The token currently trades above $0.059–$0.062, turning local resistance into support.
Traders highlight that the higher-high and higher-low pattern remains intact — a classic sign of a healthy uptrend. The 20-period Simple Moving Average (SMA) sits below the price, confirming that buyers still dominate the market.
The BBWP volatility indicator has started to narrow after a sharp expansion — typically a precursor to another strong move. If ZK stays above the $0.059–$0.062 support range, a retest of $0.079 looks likely. If support fails, the next major level lies near $0.051. The RSI hovering around 71 suggests short-term overbought conditions, but the overall sentiment remains bullish.
How New Tokenomics Are Powering ZKsync’s Growth
This breakout isn’t just about speculation — it’s tied to a major structural shift. Earlier in November, Matter Labs founder Alex Gluchowski unveiled “From Governance to Utility: ZK Token Proposal, Part I”, marking a transformation of ZKsync’s token model from governance-based to utility-driven.
Under the new model, ZK becomes more than a governance token — it now plays an active economic role linked directly to network performance. The proposal outlines two primary revenue streams that will drive value:
- Layer-2 rollup fees — a portion of transaction costs generated within the ZKsync ecosystem;
- Enterprise licensing income — revenue from off-chain corporate integrations and developer tools.
Funds from these sources will fuel token buybacks, with repurchased ZK then distributed through burns, staking rewards, and developer grants. In short, the token’s worth becomes tied to real network usage rather than market hype.
This shift follows approval of the TPP-12 initiative, which green-lit a staking pilot. Holders can now lock their tokens, earn rewards, and help secure the protocol — a crucial step within the long-term sustainability framework known as ZKnomics.
Rising Global Interest in Zero-Knowledge Technology
ZKsync’s momentum also mirrors a worldwide surge in confidence toward zero-knowledge proof (ZK) systems. According to an a16z research report, ZK technology is quickly becoming “indispensable” for achieving both privacy and scalability across next-generation blockchains.
The report highlights that succinct proofs are finding adoption beyond crypto — from compliance platforms to major tech players. Google, for example, is already experimenting with ZK-based identity verification tools. Such real-world applications continue to lift investor confidence and fuel enthusiasm around projects like ZKsync.