How can you easily grasp the current market trends, technological developments, ecosystem progress, and governance dynamics in the Web3 industry? Web3Caff Research's "Market Pulse Analysis" column delves into the front lines to identify and select current hot topics, providing valuable interpretations, commentary, and fundamental analysis. See through the phenomena to the essence, and follow us to quickly capture the forefront of the Web3 market.
Author: wuyue.eth , Researcher at Web3Caff Research
Cover: Logo from this project, Typography by Web3Caff Research
Word count: 2800+ words in total
We know that while blockchain solves the trust problem through its transparent ledger mechanism, this poses an adoption barrier for applications that handle sensitive information such as financial assets and personal identities. Many potentially high-value scenarios are difficult to realize on-chain due to the lack of effective privacy protection mechanisms, and this contradiction has created a demand for technical solutions that balance verifiability and confidentiality.
On December 30, 2025, Zama Protocol launched on the Ethereum mainnet . It is a cross-chain privacy layer built on top of existing public blockchains like Ethereum. Its core innovation lies in integrating technologies such as Fully Homomorphic Encryption (FHE), enabling smart contracts to directly process encrypted data while maintaining the public verifiability of the computation process. In this way, Zama Protocol attempts to provide end-to-end privacy protection for on-chain transactions and application states while maintaining the advantages of transparent auditing of blockchains.

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- Our market pulse analysis and financing project decryption columns (updated 2-4 times per week, easily capturing market hotspots and popular financing projects)
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Strong research + analyst support- Multiple accounts for enterprises (3 seats)
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- Exclusive community for institutions (collaborating with Web3 executives, institutions, funds, etc. for collaborative research and improvement)
- Database product CSV download (available upon request for "full" data, 2 times/year)
- Research Reports section (all project, narrative, and sector-specific research reports, updated weekly, covering 80+ sectors and millions of words of exclusive, top-tier, hard-core content; user reviews say "I wish I'd discovered this sooner")
- Our market pulse analysis and financing project decryption columns (updated 2-4 times per week, easily capturing market hotspots and popular financing projects)
- Member Weekly Report (Effective Absorption of Weekly Highlights)
- Unlock the historical content of sections with member privileges.
- Web3 Project Financing Database
- Web3 Event Tracking Database
- Web3 Terminology Database (Supports floating definitions for terms within reports)
- Daily internal news push
- Daily Featured Push
- Infographic push notifications (popular data, featured images, etc.)
- Right to propose research topics
- Includes a complimentary exclusive benefits package worth over ¥9000.
- Automatically enjoy the referral incentive program policy
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Suitable for professional organizations, requiring in-depth research and customized support.- Multiple accounts for enterprises (customized seats on demand)
- Customized research reports (tailored to your needs, topic selection requires review, let a highly reputable research team in the industry conduct specialized research and produce results for you)
- Customized research reports discounted (10% off)
- Access to research reports in advance (unlimited access; upon request, reports can be unlocked ahead of the market after the official release of a research report preview).
- Institutional-level closed-door communication meetings (once per quarter, to obtain first-hand information and resources on industry trends).
- Analyst 1-on-1 communication (customized as needed, topics subject to approval)
- Analyst-sponsored Q&A service (customized to your needs, topics subject to approval).
- Browse the analyst Q&A summary section (a curated selection of high-value, insightful content).
- Exclusive community for institutions (collaborating with Web3 executives, institutions, funds, etc. for collaborative research and improvement)
- Database product CSV download (partial/full download available upon request based on customized needs)
- Research Reports section (all project, narrative, and sector-specific research reports, updated weekly, covering 80+ sectors and millions of words of exclusive, top-tier, hard-core content; user reviews say "I wish I'd discovered this sooner")
- Our market pulse analysis and financing project decryption columns (updated 2-4 times per week, easily capturing market hotspots and popular financing projects)
- Member Weekly Report (Effective Absorption of Weekly Highlights)
- Unlock the historical content of sections with member privileges.
- Web3 Project Financing Database
- Web3 Event Tracking Database
- Web3 Terminology Database (Supports floating definitions for terms within reports)
- Daily internal news push
- Daily Featured Push
- Infographic push notifications (popular data, featured images, etc.)
- Right to propose research topics
- Includes a complimentary exclusive benefits package worth over ¥9000.
- Automatically enjoy the referral incentive program policy





