Horizon Protocol bridges the products of traditional financial markets and brings it into the world of decentralized finance (DeFi) in the form of synthetic assets.
Synthetic assets are tokenized derivatives, which are contracts that represent the underlying value of an asset, without requiring actually holding the asset itself.
zBNB is one of the 25+ synthetic assets (zAssets) backed by Horizon Protocol’s liquidity system. Because BNB is the native coin on Horizon Protocol’s home chain, as well as the most liquid asset on the BNB Chain, liquidity for zBNB was chosen and incentivized as a secondary on/off-ramp for users to get access to zAssets on the open market (zUSD being the primary). Furthermore, a secondary zAsset market is important for non-protocol participants to also access and arbitrage zAsset open market price deviations without actually having to collateralize the zAssets themselves through staking.
What is the highest value Horizon Protocol zBNB (ZBNB) has ever reached?
Horizon Protocol zBNB (ZBNB) reached its peak price at 706.34 $ on 05 June 2024, approximately 2 years ago ago. Presently, the current price is -17.36% lower than this all-time high.
What is the historical minimum price for Horizon Protocol zBNB (ZBNB)?
The minimum price reached for Horizon Protocol zBNB (ZBNB) was 113.19 $, documented on 26 November 2023, more than 2 years ago. In comparison, the current price is 415.64%, it above this historical low.
What is the fully diluted valuation of Horizon Protocol zBNB (ZBNB)?
The fully diluted valuation (FDV) of Horizon Protocol zBNB (ZBNB) stands at $ 233,460. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of ZBNB tokens. The realization of this FDV might take several years depending on the emission schedule of ZBNB tokens.
How to add Horizon Protocol zBNB (ZBNB) to MetaMask?
By integrating Horizon Protocol zBNB (ZBNB) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import ZBNB as a token. You can either manually import ZBNB by copying its contract address (0x6dedceee04795061478031b1dfb3c1ddca80b204) or use MetaMask's Chrome extension to add ZBNB with a single click through P.CASH.
How to add Horizon Protocol zBNB (ZBNB) to TrustWallet?
Incorporating Horizon Protocol zBNB (ZBNB) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include ZBNB, you can either manually import it using the contract address (0x6dedceee04795061478031b1dfb3c1ddca80b204) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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