Zama @zama's privacy DeFi is scaling up Back in June, Zama only had 1 cUSDC vault, 1 curator, and 1 asset. In just 7 weeks, TVL grew from $0 to $40 million. The price of ethereum:0xa12cc123ba206d4031d1c7f6223d1c2ec249f4f3 also surged from $0.035 at the time to a peak of $0.066 Fast forward to today, Zama has expanded to 16 vaults, 5 curators, and 5 privacy assets, and has even launched Zama Swap. This really shows one thing: privacy DeFi is evolving from an experiment into a legitimate product category. More importantly, it provides institutional capital with a real privacy DeFi platform for deployment. In the past, when institutions parked funds on public blockchains, their holdings, fund sizes, and transaction paths were almost entirely transparent, making large funds easy targets for the market. This has been a major concern for institutions participating in DeFi. Zama’s approach is to add privacy features directly to mature DeFi products like Morpho. Institutions don’t need to switch platforms or strategies—just that their holdings and trading intentions are no longer fully exposed on-chain. From the initial 1 cUSDC vault to today’s 16 vaults + Zama Swap, Zama is turning "confidential DeFi" from an experimental product into foundational infrastructure that institutions can truly use. These products are now available directly on the Zama App: https://app.zama.org/