Zilliqa 2.0 launches with full EVM and PoS support.
ZIL has held a key Fib level amid bearish market trends.
Institutions eye ZIL as DeFi and fintech projects integrate.
Zilliqa, the once high-flying blockchain project known for its early use of sharding, has officially launched version 2.0 of its network , marking a major step toward institutional-grade infrastructure and Ethereum compatibility.
This sweeping protocol overhaul introduces several technical upgrades and lays the foundation for a new era of adoption, as it seeks to regain relevance in a rapidly evolving blockchain ecosystem.
With ZIL now trading more than 95% below its all-time high, investors are asking whether this upgrade could trigger a sustainable recovery in price.
Zilliqa 2.0 brings full EVM support and institutional features
The shift to Zilliqa 2.0 is more than a cosmetic upgrade; it represents a full protocol transformation designed to address long-standing limitations and unlock new use cases.
With the integration of Ethereum Virtual Machine (EVM) compatibility, developers can now deploy Ethereum-native smart contracts and decentralised applications (dApps) on Zilliqa with minimal code changes.
This crucial update makes the network interoperable with the broader Ethereum ecosystem, significantly expanding its utility and appeal.
In addition to EVM support, Zilliqa 2.0 introduces a new Proof-of-Stake consensus mechanism, replacing the original Proof-of-Work design and aiming to enhance scalability, energy efficiency, and decentralisation.
The modular architecture now allows for customizable shards, cross-chain communication, and light client support, all of which are geared toward enterprise-grade performance and flexibility.
Developers and institutions take a second look at Zilliqa
The revamped network has already drawn interest from fintech and DeFi projects, with early integrations such as LTIN and deBridge laying the groundwork for tokenised assets and regulated liquidity flows.
DeBridge, in particular, plans to bring native USDC to Zilliqa, marking a key milestone in its push toward cross-chain liquidity and institutional relevance.
Moreover, the updated staking mechanics are aimed at simplifying validator onboarding while rewarding early migration from version 1.0, an effort to quickly shift liquidity to the upgraded network.
According to Zilliqa’s interim CEO, Alexander Zahnd, the platform’s new direction is built on trust and technical excellence rather than hype, with a roadmap that includes privacy-preserving features, digital identity tools, and smart accounts.
These long-term enhancements are intended to future-proof the protocol and ensure that it can serve both compliance-focused institutions and the broader crypto developer community.
ZIL is struggling to hold key support amid price weakness
Despite persistent downward pressure in the broader crypto market, Zilliqa’s native token ZIL has recently shown signs of technical resilience around key Fibonacci levels.
According to crypto analyst Emilio Bojan, ZIL bounced cleanly off the 0.618 Fibonacci retracement level at $0.01042 and is now holding above the 0.5 zone, suggesting buyers are stepping in at critical support.
This technical setup has fueled cautious optimism among bulls who are now eyeing a short-term move toward the $0.01129 level, which remains the next immediate resistance.
Although the price has fallen by over 40% in the past year and by nearly 17% in the last month, recent rebounds suggest that the asset may be attempting to establish a bottom, especially as the fundamentals undergo a significant transformation.
Zilliqa price forecast
At the time of writing, ZIL was trading at $0.01063, down 2.2% over the past 24 hours and showing a trading volume of $9.88 million, which is 1.5% lower than the previous day—an indication of slowing momentum.
The circulating supply stands at just over 19.5 billion tokens, with a total cap of 21 billion, giving it a market capitalisation of around $207.6 million and placing it at position 268.
ZIL remains over 95% below its all-time high of $0.2554 reached in May 2021, and 345% above its all-time low of $0.002396 from March 2020, underscoring its potential volatility and upside if sentiment turns.
Although the network upgrade is fundamentally bullish, traders are likely to remain cautious in the short term until price action confirms a reversal supported by stronger volume and sustained interest.
Nevertheless, the structural improvements brought by Zilliqa 2.0 could eventually pave the way for long-term recovery if they translate into real user growth and ecosystem traction.
