Project hub

Zama

17 pieces · Jan 2024 to Sep 2026 · 3 flagship

Sectors

Privacy15 AI9 ZK4 DeFi2 L1/L22 DePIN2

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Coverage per year

22024

92025

62026

Price and coverage

Zama $ZAMA

Calls: 1 bullish
Since first call, bullish: +116%
vs BTC: +108%
Now: $0.0763

bullish thesis bearish thesis coverage, no call map, list or mentionWeekly closes in USD, as of 23 Oct 2026. Call figures turn cyan when the price moved the way the call pointed. Each marker links to its piece.

Start here · the strongest pieces on Zama

Map17 Jun 2025Ultimate Crypto x AI Landscape: 14 categories of DeAI projectsComprehensive landscape of DeAI across GPU networks, privacy computation, verifiable ZK compute, decentralized training, user-owned models, inference networks, data storage, agent frameworks, identity, IP, data infra, DeFAI and InfoFi.Breakdown27 Aug 2025Programmable privacy: the next multi-billion dollar infrastructure layerSummary of the A1 Research report on programmable privacy. Compares MPC, FHE, TEEs and ZK trade-offs, maps 12 projects by approach, and argues winners will use hybrid architectures and win on developer abstraction.Thesis21 Jan 2026A1 Research 2026 outlook: tokenization, prediction markets, privacy, agentsTL;DR of A1's 2026 outlook: tokenized stocks and private equity scale, stablecoin yield wars, parlays drive prediction markets, onchain credit scoring, production privacy tech, ZK prover competition and DePIN for robotics.

Timeline · every piece, newest first

2026 6

28 Sep 2026Personal top 20 crypto watchlist grouped by narrativeTwenty watchlist assets in six groups: private compute and money, decentralized AI, machine economy, perp DEX and HL ecosystem, stablecoin and institutional rails, and physical infrastructure. Each gets a one-line thesis; ARX is the main privacy bet.MapPrivacyAIPerps

23 Sep 2026Why ARX: MPC as the one privacy stack across money, compute and AIArgues Arcium's MPC covers what Zcash (no programs), Zama (FHE speed, 13-node committee) and Venice (TEE trust) each miss. ARX at $45M mcap sits 570x below ZEC and 32x below VVV, with C-SPL and Blackthorn not yet live.ThesisPrivacyAISolana

08 Sep 2026Five tokens to watch: ARX, ZAMA, NEAR, PEAQ and CODECShort list of five tokens with one-line theses: Arcium's MPC compute, Zama's FHE for institutions, NEAR's agent economy infra, peaq's machine economy base layer and Codec's robotics stack.MapPrivacyAIRobotics

10 Feb 2026Zama's FHE stack: TFHE-rs, Concrete and fhEVMExplains Zama's three layers for computing on encrypted data. Addition takes 1ms and multiplication 20ms on encrypted 8-bit integers, while fhEVM gas runs 100-1,000x higher and neural inference is 10,000x slower than plaintext.ExplainerPrivacyTooling

21 Jan 2026A1 Research 2026 outlook: tokenization, prediction markets, privacy, agentsTL;DR of A1's 2026 outlook: tokenized stocks and private equity scale, stablecoin yield wars, parlays drive prediction markets, onchain credit scoring, production privacy tech, ZK prover competition and DePIN for robotics.ThesisRWAPrivacyPrediction markets

01 Jan 2026Programmable privacy as a leading 2026 narrativeCalls 2025 the breakout year for privacy led by Zcash and expects programmable privacy to lead 2026, pointing to ZK (Aztec), MPC (Arcium), FHE (Zama) and TEE (Phala) as the stack to study.ThesisPrivacyZK

2025 9

31 Aug 2025Sunscreen: FHE secure processing framework for AI and Web3Highlights Sunscreen's Secure Processing Framework, which lets teams run LLM inference or smart contract logic on encrypted data via FHE without code rewrites. Its Parasol compiler is claimed to beat Zama by over 2x on some programs.BreakdownPrivacyAI

27 Aug 2025Programmable privacy: the next multi-billion dollar infrastructure layerSummary of the A1 Research report on programmable privacy. Compares MPC, FHE, TEEs and ZK trade-offs, maps 12 projects by approach, and argues winners will use hybrid architectures and win on developer abstraction.BreakdownPrivacyAIDeFi

28 Jul 2025Zama funding and positioning: $139.3M raised, over $1B valuation pre-TGEZama raised $139.3M from Pantera, Hack VC and Multicoin and is valued above $1B before TGE. It is building a programmable FHE confidentiality layer for L1s and L2s covering private lending and dark pools.BreakdownPrivacy

27 Jul 2025Zama fee burn economics: $3.5M per TPS per yearZama burns 100% of fee revenue, tying deflation to usage. Under the initial fee model 1 TPS on a host chain yields $3.5M a year and 300 TPS yields $1B, with hardware acceleration as the scaling path.DataPrivacy

27 Jul 2025Why Zama: FHE confidentiality layer with fee burn and hardware roadmapZama is a cross-chain FHE confidentiality layer combining FHE, MPC and ZK, with Solidity-native FHE contracts and an off-chain coprocessor network. Bull case rests on a >$1B valuation, 70% FHE tooling share, fee burn and a hardware path to 10k+ TPS.ThesisPrivacyEthereum

21 Jul 202520 pre-TGE projects without Kaito leaderboards: ZK, privacy, AI and CLOB infraA watchlist of 20 pre-TGE projects without a Kaito leaderboard, grouped implicitly across Bitcoin ZK rollups, proof verification, AI infra, CLOBs, privacy (MPC, FHE), stablecoin infra and oracles.MapZKPrivacyAI

26 Jun 2025Counter-takes on infra winners and losers: ZK, RaaS, intents, restakingPartly agrees that Hyperliquid reset standards but pushes back project by project on a list of supposedly dead infra: Zama, RISC Zero, Caldera and Anoma. Agrees shared sequencing and EigenLayer copycats are in tough spots, and adds Fluent, Sovereign Labs and zkML as alive.Market takeZKL1/L2Market structure

17 Jun 2025Ultimate Crypto x AI Landscape: 14 categories of DeAI projectsComprehensive landscape of DeAI across GPU networks, privacy computation, verifiable ZK compute, decentralized training, user-owned models, inference networks, data storage, agent frameworks, identity, IP, data infra, DeFAI and InfoFi.MapAIDePINPrivacy

11 Jun 2025Ultimate Crypto x AI Landscape Overview (first edition)Initial 4-part landscape of DeAI across compute, privacy, verifiable ZK compute, training, user-owned models, inference networks, storage, agents, identity, IP, data and InfoFi. Later reworked into the 14-category version.MapAIDePINPrivacy

2024 2

25 Oct 2024Privacy matters: PETs for AI and a map of encrypted compute protocolsArgues privacy-preserving technologies (MPC, ZK, FHE) are needed for AI on sensitive data and as AI agents dominate onchain activity. Lists encrypted-compute protocols for AI and separate private DeFi infrastructure.ThesisPrivacyAI

14 Jan 2024zkAlpha Watchlist: 29 new infra and DeFi projects (modular, ZK, restaking)Update to the zkAlpha Watchlist, now tracking 174 projects across modularity, rollups, interop, ZK, FHE, restaking and intent-based DeFi. Recaps covered projects and adds short profiles of 20-plus new names such as Dymension, Saga, Zama, Fhenix and several LRT protocols.MapL1/L2ZKDeFi

Often covered with

Arcium26 Aztec28 NEAR Protocol73 Nillion35 Bittensor34 Phala13 Venice5 Zcash33

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