#隐私币和隐私钱包 Zama's recent move is quite interesting—OG NFT portal opens, and the enthusiasm for ecosystem participation has clearly increased. More notably, they have already tested real transfers of the FHE privacy stablecoin on the Ethereum mainnet, with a single transaction cost of only $0.13, which is indeed solid data.

The privacy track has been volatile over the past two years, but from a technical implementation perspective, progressing from theory to mainnet usability, this development is not just hype. The key question is whether they can generate transaction volume moving forward—good technology does not necessarily mean market demand.

For traders tracking such infrastructure projects, the current perspective can be broken down as follows: first, pure technical beta enthusiasts who are easily influenced by event-driven narratives like NFT recognition; second, those with practical privacy needs who will observe on-chain activity and real transaction depth. The trading styles of these two groups differ significantly—former tend to chase highs, while the latter focus more on fundamentals.

My own advice is that if you want to follow traders in this space, first assess their understanding of the long-term logic behind privacy coins, rather than just following short-term hot trends. Regulatory risks always exist, and if you haven't thought this through, you'll eventually need to cut losses.