Aztec (AZTEC), the native utility and governance token of Aztec Network, a hybrid public-private Ethereum layer 2 protocol, shot up over 80% today after Upbit and Bithumb, South Korea’s two dominant digital asset exchanges, listed the token.
Trading volume also ballooned as retail investors piled in, a pattern consistent with the so-called kimchi premium that frequently inflates prices on Korean platforms.
Aztec Network is a zero-knowledge smart contract platform that enables developers to build applications with built-in privacy. The project aims to solve default transparency, one of Ethereum’s biggest limitations, by letting users keep balances, transactions, and smart contract logic confidential without sacrificing security or decentralization.
The AZTEC token generation event took place on February 12 and has seen rapid expansion across major global exchanges, such as Coinbase, Kraken, Bybit, and KuCoin.
AZTEC powers the Aztec Network ecosystem, serving as the backbone for staking, governance, and future transaction fees.
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