On December 21, zkPass token ZKP will be simultaneously launched on multiple major exchanges for perpetual contracts. Binance will launch the ZKP/USDT contract at 10:00 UTC, followed by Bitget, Gate, and Aster. ZKP soared 75% to $0.16 that day, with a 24-hour trading volume exceeding $96 million and a market capitalization reaching $32.5 million.

zkPass is a privacy oracle based on zkTLS, focusing on privacy-preserving Web data proofs. It has secured $18 million in funding, and its technology allows users to verify Web2 information without revealing the original data, providing solutions for scenarios like DeFi credit scoring and on-chain identity.

Technical value interpretation: Zero-knowledge proof ZKP technology is extending from scalability solutions to the fields of privacy and data verification. The innovation of zkPass lies in combining zkTLS with oracles, bridging on-chain and off-chain data while protecting user privacy. In the context of tightening regulations and increased awareness of data sovereignty, the demand for such infrastructure is significant.

The multi-exchange coordinated launch is a strong market signal, demonstrating the recognition of this project by market makers and exchanges. The 68% increase in 24-hour price, coupled with high trading volume, indicates that capital is actively positioning itself in the privacy infrastructure sector.

Risk warning and opportunity: A market capitalization of $32.5 million is considered early-stage in the privacy sector. Compared to similar projects like Litentry, there is still room for valuation growth. However, after a short-term surge, caution is advised regarding profit-taking. Technical indicators show that RSI has entered the overbought zone. It is recommended to wait for a pullback to the range of $0.12-$0.14 for positioning. Pay attention to the growth of its mainnet TVL and progress in ecological cooperation. Privacy computing is a long-term narrative; patience is required to hold quality assets.