ZKsync price jumps above $0.06 with 87% weekly gains amid major token utility overhaul – Crypto News – Crypto News
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ZKsync price jumps above $0.06 with 87% weekly gains amid major token utility overhaul – Crypto News

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9 months ago

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  • ZKsync price gained by 11% and hit a high of $0.068.
  • Gains came as bulls hold steady and weekly uptick climbs to 87% amid Atlas upgrade.
  • ZKsync has also received endorsement from Ethereum co-founder Vitalik Buterin.

ZKsync surged by more than 11% in intraday gains on November 5, 2025 to hit highs above $0.068 as upbeat sentiment held.

With key announcements regarding major enhancements to ZK token utility, the altcoin’s price has extended gains to over 87% in the past week.

Renewed interest in the token has also come amid a key boost by Ethereum co-founder Vitalik Buterin.

ZKsync price extends weekly gains to 87%

Despite a widespread downturn in the cryptocurrency market, ZKsync’s ZK token has demonstrated impressive strength.

Bulls defied the crash to reach new highs of $0.068, with an 11% price increase that also boasted a 21% spike in daily trading volume for ZK.

Per CoinMarketCap, ZKsync’s daily volume hit an impressive $499 million over the past 24 hours.

Like Aster, Bitget Token and Hyperliquid, ZK Bulls are showing resilience. It trades near $0.061, off intraday highs but still above session lows of $0.049.

Analysts suggest that ZK’s ability to hold steady as trading volumes remain elevated may allow bulls to target $0.10, a level last seen in March.

Notably, ZK has traded in a downtrend since rejecting highs of $0.26 in early December, 24..

ZKsync token to get major utility overhaul

The catalyst behind ZK’s recent rally looks to be the community’s reaction to a proposed upgrade that seeks a comprehensive overhaul of ZK token utility.

Atlas upgrade brings this possibility, a major enhancement set to amplify the ZK token’s functionality.

By expanding the token’s use cases, the upgrade aims to create a more robust economic model, where ZK serves not only as a governance tool but also as a conduit for value accrual from off-chain activities.

“This proposal presents a high-level direction for $ZK token utility,” said Alex Gluchowski, founder of ZKsync and CEO of Matter Labs.

He elaborated on the strategic intent, noting that the changes are designed to unify on-chain and off-chain value flows.

“Under this proposal, value generated from such enterprise components would flow into the same governance-controlled mechanism as on-chain value. In practice, this means establishing structures through which licensing-based revenue can return to the network and enter the same ZK buyback and allocation pathways, preserving a single unified economic loop,” the ZKsync co-founder noted.

Also buoying ZKsync price this past week has been a recent endorsement from Ethereum co-founder Vitalik Buterin.

Buterin’s public support has added significant credibility, emphasizing the protocol’s alignment with Ethereum’s scaling vision and its potential to drive mass adoption.

The Ethereum co-founder has long advocated for zero-knowledge technology, which is ZKsync’s focus.

As the ecosystem matures, stakeholders anticipate increased DeFi activity.

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