- Zilliqa 2.0 launches with full EVM compatibility and PoS support.
- ZIL has held key Fibonacci support amid a broader downtrend.
- Institutions are watching ZIL as DeFi and fintech integrations progress.
Zilliqa, the blockchain project once known for its early adoption of sharding, has officially launched its 2.0 network, marking a significant step toward institutional-grade infrastructure and Ethereum compatibility.
This comprehensive protocol overhaul introduces multiple technical improvements and lays the groundwork for renewed adoption as the project aims to regain relevance in an increasingly crowded blockchain ecosystem.
With ZIL trading more than 95% below its all-time high, investors are asking whether this upgrade can spark a sustainable price recovery.
Zilliqa 2.0 brings full EVM support and institutional features
The move to Zilliqa 2.0 is more than cosmetic: it represents a full protocol transformation designed to address long-standing limitations and unlock new use cases.
By integrating full Ethereum Virtual Machine (EVM) compatibility, developers can now deploy native Ethereum smart contracts and decentralized applications (dApps) on Zilliqa with minimal code changes.
This important upgrade 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 improve scalability, energy efficiency, and decentralization.
A modular architecture now enables customizable sharding, cross-chain communication, and lightweight client support, all aimed at delivering enterprise-level performance and flexibility.
Developers and institutions reassess Zilliqa
The revamped network has drawn interest from fintech and DeFi projects, with early integrations—such as LTIN and deBridge—laying the groundwork for tokenized assets and controlled liquidity flows.
DeBridge, in particular, plans to bring native USDC to Zilliqa, a milestone for cross-chain liquidity and institutional utility.
Updated staking mechanics are also designed to streamline validator participation while rewarding early migrations from version 1.0, an effort to shift liquidity quickly to the upgraded network.
According to interim CEO Alexander Zahnd, the platform’s renewed direction is rooted in trust and technical excellence rather than hype, with a roadmap that includes privacy-preserving features, digital identity tools, and smart accounts.
These long-term improvements aim to future-proof the protocol and position it to serve both compliance-focused institutions and the broader crypto developer community.
ZIL fights to hold key support amid price weakness
Despite continued downward pressure across the crypto market, Zilliqa’s native token ZIL has recently shown technical resilience around important Fibonacci levels.
Crypto analyst Emilio Bojan notes that ZIL bounced cleanly off the 0.618 Fibonacci retracement at $0.01042 and is holding above the 0.5 zone, suggesting buyers are stepping in at critical support.
This technical setup has sparked cautious optimism among bulls, who are eyeing short-term moves toward $0.01129 as the next immediate resistance.
#Zilliqa $ZIL is respecting the Fib levels like a textbook move 📈
Bounced clean off the 0.618 Fib ($0.01042) and holding above the 0.5 zone.
As long as bulls defend these retracements, $0.01129 remains in play.#ZIL #ZilliqaArmy pic.twitter.com/pqK9l5Tmlk— Emilio Crypto Bojan (@EmilioBojan) June 25, 2025
Although the price has fallen more than 40% over the past year and nearly 17% in the last month, the recent bounce suggests the asset may be attempting to form a bottom—particularly as the protocol’s fundamentals undergo a meaningful transformation.
Zilliqa price outlook
At the time of writing, ZIL trades at $0.01063, down 2.2% over the past 24 hours, with a 24-hour trading volume of $9.88 million—about 1.5% lower than the previous day, indicating modest momentum.
Circulating supply exceeds 19.5 billion tokens, with a maximum supply of 21 billion, giving ZIL a market capitalization near $207.6 million and a ranking around 268.
ZIL remains over 95% below its all-time high of $0.2554 reached in May 2021, yet it stands roughly 345% above its all-time low of $0.002396 from March 2020, highlighting the token’s potential volatility and upside should sentiment shift.
While 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 introduced by Zilliqa 2.0 could pave the way for a longer-term recovery if they translate into real user growth and increased ecosystem activity.