Zilliqa (ZIL) is a Layer 1 public blockchain project designed to address blockchain scalability issues through sharding technology. Founded in 2017, it was one of the pioneers in the field of sharding technology.
Core Technical Features
Zilliqa's core innovation lies in its sharding architecture. It divides network nodes into multiple groups to process transactions in parallel, aiming to enhance the network's overall transaction throughput. Additionally, the project developed its native smart contract language, Scilla, which emphasizes formal verification in its design to reduce contract vulnerabilities and improve security.
Major Upgrade: Zilliqa 2.0
In June 2025, Zilliqa launched a major network upgrade called Zilliqa 2.0. Key changes in this upgrade include:
- Consensus Mechanism Transition: A complete transition from the original hybrid Proof-of-Work (PoW) mechanism to a more energy-efficient Proof-of-Stake (PoS) mechanism.
- EVM Compatibility: Added full Ethereum Virtual Machine (EVM) compatibility, enabling developers in the Ethereum ecosystem to more easily migrate their applications to the Zilliqa network.
- Vision Shift: The project's long-term vision has shifted towards becoming a "credential infrastructure" serving institutional finance, emphasizing compliance-first to connect regulated real-world assets with public blockchains.
According to official project information, the fourth hard fork completed on October 30, 2026, finally achieved EVM migration and addressed some security risks in the older version.
Recent Ecosystem and Partnerships
Zilliqa continues to expand its partner network to support its infrastructure vision. Recent collaborations include a strategic alliance with Google Cloud, which became its staking seed node operator; a partnership with GMEX Group to launch a carbon offsetting platform; and a strategic partnership with LTIN (a government-backed institution) established in July 2026. These collaborations aim to enhance the network's credibility and institutional applicability.
Recent Challenges and Market Status
The project has also faced a series of challenges recently:
- Management Changes: In April 2025, then-CEO Matt Dyer resigned.
- Security Incident: On October 28, 2026, Zilliqa's ecosystem cross-chain bridge, X-Bridge, suffered a security vulnerability, leading to a service suspension. However, the official statement indicated that the native ZIL chain and EVM chain were unaffected.
- Exchange Dynamics: Recently, some trading platforms (such as Binance for Brazilian users, Upbit Korea) announced the delisting of ZIL trading pairs.
- Market Performance: As of early November 2026, ZIL's price and market capitalization have significantly corrected from their all-time highs in 2021, with its market cap ranking outside the top several hundred, reflecting current market sentiment under pressure.
How to Trade ZIL
ZIL can be traded on various major and regional trading platforms that support the token. Given recent changes in some channels, traders are advised to verify the latest available trading channels and liquidity on mainstream market data platforms before proceeding.
The platform information for sale in this article changes with the listing and delisting dynamics of various exchanges. Please refer to official exchange announcements.
