Aztec ($AZTEC), the native utility and governance token of Aztec Network, a public-private hybrid Ethereum Layer 2 protocol, soared more than 80% today after two major South Korean digital asset exchanges, Upbit and Bithumb, listed the token.
This dual debut sparked a wave of Korean won-denominated buying, pushing the token up from $0.019 to $0.037, and increasing its market capitalization from $57 million before the announcement to about $100 million.
$AZTEC It is currently trading at $0.033, up 73% in the past 24 hours, according to CoinGecko data.
The influx of retail investors has also boosted trading volumes, a pattern consistent with the so-called kimchi premium that frequently drives up prices on South Korean platforms.
Aztec Network is a zero-knowledge smart contract platform that enables developers to build applications with privacy built-in. This project aims to solve one of Ethereum’s biggest limitations, its default transparency, by allowing users to maintain the confidentiality of their balances, transactions, and smart contract logic without sacrificing security or decentralization.
of $AZTEC The token generation event was held on February 12th and quickly expanded across major global exchanges including Coinbase, Kraken, Bybit, and KuCoin.
$AZTEC It powers the Aztec Network ecosystem and serves as the backbone for staking, governance, and future transaction fees.
