$ZKC As of mid-February 2026, Boundless (ZKC) is a specialized Layer-1/Layer-2 protocol that has transitioned from its initial "hype" phase to a period of infrastructure building. Developed by the RISC Zero team, it is primarily focused on creating a decentralized marketplace for Zero-Knowledge (ZK) proofs.
1. Market Performance & Health
Current Price:
Approximately $0.092 – $0.097 (as of Feb 13, 2026).
Recent Trend:
The token is in a significant "post-mainnet cooling" phase. After hitting an all-time high near $0.99 in late 2025, it has dropped over 90% and is currently struggling to find a solid floor.
Market Cap:
Roughly $21 million, ranking it in the "Micro-Cap" category (#700+).
Volatility:
High. It recently hit a local low of $0.073 on Feb 5 before seeing a small "recovery bounce" to its current levels.
2. Core Value Proposition:
The "Prover Market"
ZKC isn't a standard payment coin; it powers a specific economic engine:
Proof of Verifiable Work (PoVW):
Unlike Bitcoin’s "wasteful" mining, Boundless directs computational power toward generating ZK proofs that developers need to scale their apps.
Bitcoin Integration (Jan 2026): A major breakthrough occurred last month when Boundless enabled Ethereum and Base proofs to be settled directly on the Bitcoin blockchain using BitVM. This positions ZKC as a bridge for Bitcoin's massive security.
Utility:
The token is used for staking by "provers" (as collateral) and for paying the fees required to verify complex computations off-chain.
3. Analysis Summary:
The "Bull vs. Bear" Case
FeatureOutlook (Feb 2026)Bull CaseLeading technical team (RISC Zero); innovative Bitcoin settlement; huge potential in "off-chain" AI and DeFi compute.Bear CaseSevere
Price Decline:
The 90% drop from its 2025 highs has damaged investor sentiment; low liquidity makes it prone to "pump and dump" cycles.Dilution RiskOnly about 23% of the 1 billion supply is circulating. Future unlocks for the team and VCs could act as a "price ceiling."
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