Notes
与 $zec $dash 等经典匿名币不同, $zen 项目更注重企业级合规隐私应用
我简单分析了其特点和发展方向
🟡特点:
25年七月,Horizen ($ZEN) 已转型为 Base 上的 EVM-native Layer 3 隐私链(Horizen 2.0),核心特点是企业级合规隐私(compliant privacy):默认保护敏感数据和逻辑,同时支持选择性披露(selective disclosure),允许向监管机构或审计方提供查看权限,实现“保密默认 + 可审计”的平衡。这特别适合机构级应用,如保密DeFi、机密金融(confidential finance)、私人支付、供应链和可验证AI等,而非完全匿名。
- 完全打通 EVM:开发者使用熟悉的 Solidity 和 Ethereum 工具链直接构建隐私 dApp,无需学习新框架;继承 Base 的低费用、高速最终性和 Ethereum 安全,同时深度整合 Coinbase 生态,便于机构接入和流动性。
- 技术核心:结合零知识证明(ZK)和 Trusted Execution Environments (TEEs),提供私有执行环境。
🟡发展方向:
从基础设施向实际企业采用转型,重点推动监管友好隐私在 Web3 的普及。2026 年关键里程碑是 Q1 推出完整 Horizen Confidential Compute Environment (HCCE),实现链上隔离加密计算,支持更复杂的机密智能合约和企业工具(如私有稳定币、机构交易策略)。整体目标是填补公共链透明度的痛点,促进机构大规模上链。
💡最近的100万 $ZEN 开发者支持计划重点关注
—————————————
Horizen 与 Thrive Protocol 合作推出五年期开发者资助计划(2025年起至2030年),总分配 1,000,000 ZEN(约数百万美元价值),专项支持隐私优先应用开发。
- 重点领域:保密金融(40%)、隐私AI/机器学习(30%)、游戏/可验证随机性(20%)、治理系统(10%),后期扩展 SocialFi 等。
- 发放方式:基于里程碑和“价值证明”(proof of value)机制,按项目实际贡献分阶段发放(单个项目通常 $50k-$100k 等值 ZEN)。
- 现状:已启动并资助多个项目(如 ZenDexfi、Obscura 等隐私 DeFi),旨在加速生态增长。
总体上,Horizen 在企业级合规隐私 + EVM 深度整合细分市场最具差异化潜力,尤其适合监管环境下的机构应用。
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附图和同类项目做了对比

New 0 fee spot trading pairs added:
🔵 $PAXG/USDC @Paxos & $ZEN/USDC @horizenglobal
🔵 Trading starts: Dec 2, 2025, 09:00 (UTC)
Details:
The only one who was bearish here $ZEN 👌🏻

At this point $ZEN is starting to lose the solidity it had in previous movements. The highs he had built at the top no longer found continuity, and you can clearly see that slowdown in the curvature of the last thrusts: every attempt to rise is rejected earlier, with less force.
Now the price is practically "walking on the wire", resting on top of that red box.
That's where everything is played: as long as it stays on top, he can still try to stabilise and build a new impulse. But if that area jumps, there is no longer any element to hold the bullish structure …it becomes an air vacuum, and the market naturally tends to slide lower to look for an area where real demand can be found again.
There is no need to complicate it:(look arrow and trigger )
It's a trend that's getting weaker, and that box is the last credible support before the structure completely changes face.

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