- Zilliqa 2.0 launches with full EVM and PoS support.
- ZIL has held a key Fibonacci level amid a downtrend.
- Institutions are watching 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 significant step toward institutional-grade infrastructure and Ethereum compatibility.
This comprehensive protocol overhaul introduces several technical upgrades and lays the groundwork for renewed adoption as the project seeks to regain relevance in a rapidly evolving blockchain ecosystem.
With ZIL trading more than 95% below its all-time high, investors are asking whether this upgrade can trigger a sustainable price recovery.
Zilliqa 2.0 delivers 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 Ethereum Virtual Machine (EVM) compatibility, developers can now deploy Ethereum-native smart contracts and decentralized applications (dApps) on Zilliqa with minimal code changes.
This crucial update makes the network interoperable with the wider Ethereum ecosystem, significantly expanding its utility and appeal.
In addition to EVM support, Zilliqa 2.0 introduces a Proof-of-Stake consensus mechanism, replacing the original Proof-of-Work design and aiming to improve scalability, energy efficiency, and decentralization.
The modular architecture now enables customizable shards, cross-chain communication, and lightweight client support — all focused on enterprise-grade performance and flexibility.
Developers and institutions take a closer look at Zilliqa
The refreshed network has already drawn interest from fintech and DeFi projects, with early integrations such as LTIN and deBridge laying the foundation for tokenized assets and regulated liquidity flows.
deBridge in particular plans to bring native USDC to Zilliqa, a milestone for cross-chain liquidity and institutional relevance.
Updated staking mechanics aim to simplify validator onboarding while rewarding early migration from version 1.0, a move intended to accelerate liquidity migration to the upgraded network.
According to Zilliqa’s interim CEO, Alexander Zahnd, the platform’s new direction is built on technical credibility and trust rather than hype, with a roadmap that includes privacy-preserving features, digital identity tools, and smart accounts.
These long-term improvements are intended to future-proof the protocol and make it suitable for both compliance-focused institutions and the broader crypto developer community.
ZIL holds key support amid price weakness
Despite persistent downward pressure across the broader crypto market, Zilliqa’s native token ZIL has recently shown signs of technical resilience around important Fibonacci levels.
Crypto analyst Emilio Bojan noted that ZIL bounced cleanly from the 0.618 Fibonacci retracement level at $0.01042 and is holding above the 0.5 zone, suggesting buyers are defending critical support.
This technical setup has fueled cautious optimism among bulls, who are eyeing a short-term move toward the $0.01129 level 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, recent bounces suggest the asset may be attempting to form a base, especially as its fundamentals undergo meaningful transformation.
Zilliqa price outlook
At the time of writing, ZIL was trading 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 waning momentum.
The circulating supply stands at just over 19.5 billion tokens with a max supply of 21 billion, giving it a market capitalization of roughly $207.6 million and placing it near the 268th position by market cap.
ZIL remains more than 95% below its all-time high of $0.2554 reached in May 2021, and about 345% above its all-time low of $0.002396 from March 2020, highlighting its potential volatility and upside if sentiment turns.
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.
Still, the structural improvements introduced by Zilliqa 2.0 could ultimately pave the way for a long-term recovery if they translate into real user growth and ecosystem traction.