ZetaChain's Impressive First Week Performance
The highly anticipated Omnichain Smart Contract Layer 1 project ZetaChain has demonstrated remarkable metrics during its first week of mainnet Beta operation:
- Processed 40+ billion public RPC requests
- Attracted 700,000+ ZetaHub users
- Facilitated 125,000+ native cross-chain transactions
- Executed 6+ million zEVM transactions
👉 Track live ZETA price and trading volume
Ongoing Airdrop Campaigns
ZetaChain continues its generous airdrop program with:
- 4.5% total token supply allocated to community rewards
- $113 million value in second-phase XP Sprint rewards (running through February)
- $ZETA listed on OKX, Coinbase, and other major exchanges
$320 Million Ecosystem Development Fund
ZetaChain has committed 12% of total supply (210 million $ZETA) to ecosystem growth, representing approximately **$320 million** at current valuation. This strategic investment targets:
- Omnichain Infrastructure Development
- BTC-EVM Integration Solutions
- Cross-Chain DeFi Applications
- Multi-Chain Gaming/Social Platforms
Key Ecosystem Components
| Sector | Leading Projects | ZetaChain Integration Value |
|---|---|---|
| DeFi | Eddy Finance, ZetaSwap, SushiSwap, Curve | Native BTC liquidity without wrapping |
| LSD | ZetaEarn | stZETA as base liquidity layer |
| Auctions | Bounce Finance | Cross-chain bidding including Bitcoin |
| Gaming | Ultiverse, P12, League of Thrones | Omnichain asset interoperability |
| Social | Sugar, CharacterX | Multi-chain monetization and AI agents |
Technical Breakthroughs
ZetaChain's innovations include:
- zEVM compatibility for seamless EVM integration
- ZRC-20 standard enabling native asset transfers
- Omnichain Smart Contracts that maintain asset origin integrity
- BTC direct integration without synthetic wrapping
Future Outlook: The Functional Token Economy
$ZETA serves three core functions:
- Network Security: Staking token for DPOS validation
- Gas Fee Mechanism: Transaction processing across connected chains
- Value Medium: Native asset conversion between chains
The project's long-term vision positions ZETA as:
- The cross-chain equivalent of BNB
- BTC's gateway to EVM ecosystems
- Web3's unified transaction layer
FAQ Section
Q: How does ZetaChain differ from traditional bridges?
A: Unlike wrapped asset bridges, ZetaChain enables direct native asset transfers with full state visibility across chains through omnichain smart contracts.
Q: When will Bitcoin integration be fully operational?
A: BTC functionality is currently in Beta with mainnet release expected Q2 2024 following security audits.
Q: What makes ZETA a "functional token"?
A: Beyond governance, ZETA facilitates actual network operations including cross-chain conversions, staking rewards, and gas fee payments.
Q: How can developers apply for ecosystem grants?
A: The ZetaChain Foundation accepts applications through ZetaHub with quarterly funding rounds.
Q: Are there wallet integrations planned?
A: Yes, partnerships with OKX Wallet, Bitget Wallet and others include trading incentives totaling 4.8 million ZETA.
👉 Explore ZetaChain development docs
Project metrics as of February 2024. All dollar values calculated using ZETA price at time of writing.