- ZKsync’s token price climbed 11% to reach a high of $0.068.
- Gains came as bullish momentum continued and weekly gains expanded to 87% amid the Atlas upgrade.
- ZKsync also received public endorsement from Ethereum co-founder Vitalik Buterin.
ZKsync surged more than 11% intraday on November 5, 2025, pushing above $0.068 as market sentiment turned optimistic.
Key announcements tied to a major enhancement of the ZK token’s utility helped extend the altcoin’s gains to over 87% for the week.
The renewed interest in the token was reinforced by notable backing from Ethereum co-founder Vitalik Buterin.
ZKsync price extends weekly gains to 87%
Despite a broader cooling in the cryptocurrency market, ZKsync’s ZK token showed notable strength.
Bulls pushed through market pressure to reach intraday highs around $0.068, an 11% increase that coincided with a 21% rise in daily trading volume for ZK.
According to CoinMarketCap, ZKsync’s 24-hour trading volume reached an impressive $499 million.
Like projects such as Aster, Bitget Token and Hyperliquid, ZK’s bullish holders have demonstrated resilience. The token has been trading near $0.061, below the intraday peak but still well above session lows of $0.049.
Analysts note that if ZK can maintain stability while trading volumes remain elevated, bulls may target $0.10 — a level last seen in March.
It is noteworthy that ZK had been in a downtrend following rejection at $0.26 in late December.
ZK token set for major utility overhaul
The primary catalyst behind ZK’s recent rally appears to be community reaction to a proposed upgrade that redefines the token’s utility.
The Atlas upgrade introduces this possibility — a major improvement intended to broaden ZK’s functionality.
The next phase for $ZK token is real economic utility.
As interop and Prividiums enter production, the network for incorruptible finance should capture the value it creates, channeling it towards ecosystem growth. https://t.co/cIGww7tL8D
— ZKsync (@zksync) November 4, 2025
By expanding the token’s use cases, the upgrade aims to build a more robust economic model where ZK serves not only as a governance token but also as a channel to capture value from off-chain activities.
“This proposal outlines a high-level direction for $ZK token utility,” said Alex Gluchowski, founder of ZKsync and CEO of Matter Labs.
He clarified the strategic intent, explaining that the changes are designed to unify on-chain and off-chain value flows.
“Under this proposal, value generated by these enterprise components would be funneled into the same governance-controlled mechanism as on-chain value. In practice, this means building structures through which license-based revenues can flow back to the network and enter the same ZK buyback and allocation paths, preserving a single unified economic loop,” the ZKsync co-founder noted.
ZKsync’s price also gained support from a recent public endorsement by Ethereum co-founder Vitalik Buterin.
Buterin’s public support added significant credibility, highlighting the protocol’s alignment with Ethereum’s scaling vision and its potential to drive broader adoption.
The Ethereum co-founder has long advocated for zero-knowledge technology, which aligns with ZKsync’s goals.
As the ecosystem matures, stakeholders expect increased DeFi activity and continued growth in utility-driven demand for ZK.