Here’s Why zkPass (ZKP) Surged Over 60% Today

zkPass (ZKP), a decentralized oracle protocol, captured the spotlight today after surging by over 60%. The increase pushed the token’s market capitalization to approximately $33 million. Trading volume in the last 24 hours surpassed $106 million, a 74.90% increase from the day prior, signalling heightened market activity.

At the heart of the surge is expanded exchange visibility, which has brought liquidity and fresh traders into the market. High-profile exchange engagements, including listings with compelling incentives, have boosted awareness and trading volume in a market that’s otherwise sluggish.

Bitget Listing Boosts Market Access and Visibility

A key driver of ZKP’s latest surge is Bitget’s official listing, announced via the exchange’s verified X account. According to the announcement, the token is now on the exchange with up to 20x leverage and support for trading bots.

Bitget is one of the fastest-growing crypto exchanges, and a listing on the platform often acts as a major liquidity boost for emerging tokens. In this case, the ZKP listing opened the door to a wider user base, increased visibility, and fresh capital inflows. As a result, demand quickly outpaced supply, pushing prices sharply higher within hours of the announcement.

The surge in activity reflects growing confidence among traders who view exchange listings as validation of a project’s legitimacy. At the same time, momentum traders and short-term investors rushed in, hoping to capitalize on the breakout.

Moreover, listings are frequently accompanied by trading incentives and promotional exposure, which tend to amplify market momentum. This combination of accessibility and hype created a perfect environment for ZKP’s price to accelerate rapidly.

Exchange Listings & Incentive Frenzy

Beyond today’s surge, major platforms’ activity has set the stage for broader market excitement. Exchanges listed ZKP last week with compelling incentives, which have boosted awareness and trading volume in an otherwise sluggish market.

For example, KuCoin opened spot trading for ZKP, with deposits and trading already live. Notably, KuCoin coupled this rollout with a Genesis Airdrop to reward early contributors with fully unlocked tokens. This creates a powerful incentive for new holders and traders. MEXC also listed ZKP in its Innovation Zone, boosting interest with zero trading fees and airdrop rewards in ZKP and USDT.

Additionally, Binance Alpha hosted a ZKP airdrop campaign, allowing eligible users to claim ZKP tokens through its unique Alpha Points system. These incentives attract traders, increase volume, tighten spreads, and support short-term bullish price momentum. Moreover, the broader crypto market has shown renewed appetite for smaller-cap tokens with strong narratives.

zkPass: Privacy Meets Utility

While exchange events served as the immediate price catalyst, the underlying technology of zkPass also plays a long-term role in investor sentiment. Unlike many tokens driven purely by speculation, zkPass allows users to verify data privately without revealing sensitive information. This focus continues to gain relevance as Web3 adoption expands.

The project uses zero-knowledge proofs (ZKPs) and zkTLS protocols to verify data privately without exposing sensitive information. This positions it not only as an altcoin but also as part of a broader movement toward privacy infrastructure in Web3 and decentralized identity systems.

The native utility asset ZKP serves multiple roles in the zkPass ecosystem. It includes facilitating settlement and verification of proofs and acts as collateral for validators that help secure the network. It also provides access to services and governance within the protocol.

The post Here’s Why zkPass (ZKP) Surged Over 60% Today appeared first on CoinTab News.