ZamaZAMA

Zama generated $215 in gross revenue from May 2026 to Sep 2026 (122 days), with $215 retained as net revenue. Its primary token utilities include Network Security, Staking Rewards, Fee Discounts, Service Payments, and Other.

This averages $$2 in daily gross revenue across the tracked period.

ZAMA accrues value through 1 mechanism: Direct Token Burn.

• Direct Token Burn: All $ZAMA tokens collected as protocol fees (ZKPoK verification, decryption, bridging) are permanently burned from circulating supply. This burn-and-mint model creates deflationary pressure proportional to protocol usage.

Yes, Zama burns ZAMA tokens via Direct Token Burn.

ZAMA serves 5 primary functions within the Zama ecosystem: Network Security, Staking Rewards, Fee Discounts, Service Payments, and Other. The protocol generates fees from user activity. Value flows back to token holders through Direct Token Burn.

Token utilities:

• Network Security: Zama uses Delegated Proof-of-Stake where $ZAMA is staked/delegated to 18 elected operators (13 KMS nodes, 5 FHE Coprocessors) who run infrastructure securing the protocol. Operators must stake at least 0.5% of circulating $ZAMA.
• Staking Rewards: Staking rewards are funded through 5% annual inflation of total $ZAMA supply, split 60% to KMS operators/delegators and 40% to Coprocessor operators/delegators, distributed based on the square root of each operator's total stake.
• Fee Discounts: Protocol fee rates range dramatically based on volume/subscription tiers — ZKPoK verification from $0.005 (high-volume) to $0.5 (pay-as-you-go), decryption from $0.001 to $0.1, bridging from $0.01 to $1.0 — with developers able to subscribe to monthly plans for discounted fee structures.
• Service Payments: $ZAMA is spent for discrete protocol services: ZKPoK verification fees for encrypted inputs, decryption service fees, and cross-chain bridging fees — all priced in USD but paid in $ZAMA via on-chain oracle.
• Other: Governance is controlled exclusively by elected operators through an Aragon DAO, with each operator holding exactly equal voting weight regardless of stake size. Token holders do not vote directly; they influence governance only indirectly through delegation choices.

Value accrual mechanisms:

• Direct Token Burn: All $ZAMA tokens collected as protocol fees (ZKPoK verification, decryption, bridging) are permanently burned from circulating supply. This burn-and-mint model creates deflationary pressure proportional to protocol usage.

In 2026, Zama generated $215 in gross revenue. Of that, $215 was retained as protocol revenue (treasury).