- ZKsync price rose 11% to a high of $0.068.
- The gains came as the bull market stabilized, with weekly gains rising to 87%. Atlas upgrade.
- ZKsync has also received support from Ethereum co-founder Vitalik Buterin.
ZKsync soared more than 11% in an intraday rally on November 5, 2025, hitting a high of over $0.068 amid continued positive territory.
The altcoin’s price has increased by over 87% in the past week due to the important announcement regarding major enhancements to the ZK token utility.
There has also been a resurgence of interest in the token, with a significant push from Ethereum co-founder Vitalik Buterin.
ZKsync price extends weekly increase to 87%
Despite the massive downturn in the crypto market, ZKsync’s ZK token has shown incredible strength.
Bulls defied the selloff, with the price rising 11% to a new high of $0.068, and ZK’s daily trading volume also surged 21%.
According to CoinMarketCap, ZKsync’s daily trading volume reached a staggering $499 million in the past 24 hours.
Similar to Aster, Bitget Token, and Hyperliquid, ZK Bulls has also shown resilience. It is trading around $0.061, far from its intraday high but still above the session low of $0.049.
Analysts suggest that ZK’s ability to remain stable could allow bulls to target $0.10, a level last seen in March, as volumes remain high.
Notably, ZK has been trading in a downtrend since rejecting the high of $0.26 in early March.
ZKsync Token Gets Major Utility Overhaul
ZK’s recent rally appears to be driven by community reaction to a proposed upgrade that calls for a comprehensive review of ZK token utility.
The Atlas upgrade brings this possibility and is a set of major enhancements to enhance the functionality of the ZK token.
To the next phase $ZK Tokens are real economic utility.
As interop and Prividium enter production, a network of incorruptible finance will need to capture the value they create and guide the ecosystem towards growth.
— ZKsync (@zksync) November 4, 2025
By expanding the use cases for the token, this upgrade aims to create a more robust economic model where ZK acts not only as a governance tool, but also as a conduit for value generation from off-chain activities.
“This proposal provides a general direction for the $ZK token utility,” said Alex Gluchowski, founder of ZKsync and CEO of Matter Labs.
He elaborated on the strategic intent, noting that the changes are designed to integrate on-chain and off-chain value streams.
“Under this proposal, value generated from such enterprise components would flow into the same governance-managed mechanisms as on-chain value. In practice, this means establishing a structure that allows license-based revenue to flow back into the network and into the same ZK buyback and allocation path, maintaining a single unified economic loop,” said the co-founders of ZKsync.
Also driving up ZKsync price last week is Ethereum co-founder Vitalik Buterin’s recent endorsement.
Mr. Buterin’s public support significantly increased credibility and highlighted Ethereum’s scaling vision and the protocol’s integrity and potential to drive mass adoption.
The Ethereum co-founder has long advocated zero-knowledge technology, which is the focus of ZKsync.
As the ecosystem matures, stakeholders expect an increase in DeFi activity.