Zeta Markets (ZEX) Research Report

Zeta Markets: Positioning and Significance

Zeta Markets (ZEX) represents a significant innovation in the decentralized derivatives trading space. As a high-performance perpetual futures DEX, Zeta is building the fastest, simplest, and most secure perps DEX on the market. By leveraging the cutting-edge scalability of Solana, Zeta offers comparable features and performance to centralized exchanges (CEX), whilst retaining the self-custodial nature and transparency characteristic of decentralized exchanges (DEX).

As of December 21, 2025, Zeta Markets holds a market capitalization of approximately $12.17 million USD with a fully diluted valuation of $67.05 million USD, ranking at position 1081 in the global cryptocurrency market. The token maintains a circulating supply of 181,438,032 ZEX out of a total supply of 1 billion tokens, with a current price of $0.06705 USD. The project has established a notable community with 30,127 token holders across the Solana blockchain ecosystem.

Technical Architecture and Operations

Built on Solana's Scalability

Zeta Markets operates as a decentralized derivatives platform constructed on the Solana blockchain. This strategic positioning enables Zeta to deliver institutional-grade trading infrastructure while maintaining the transparency and non-custodial benefits inherent to decentralized protocols.

The platform leverages Solana's high-throughput consensus mechanism to process transactions at velocities comparable to traditional centralized exchanges, eliminating the speed and cost barriers that have historically limited decentralized derivatives platforms.

Perpetual Futures Trading

Zeta specializes in perpetual futures contracts, a derivative instrument that allows traders to long or short assets without expiration dates. This functionality provides market participants with sophisticated hedging and speculation capabilities while maintaining full custody of their assets through their own private keys.

Decentralized Architecture

The platform operates without central control, running on a distributed network of Solana validators. This architecture ensures:

• Transparency: All transactions and order flow are recorded on the public Solana blockchain, auditable by any network participant
• Security: Non-custodial design eliminates counterparty risk associated with centralized exchanges
• Resilience: Distributed infrastructure ensures no single point of failure

Market Performance and Price Dynamics

Current Market Metrics (As of December 21, 2025)

Price Trends Analysis

The token demonstrates significant volatility patterns:

• 1-Hour: -3.56% decline
• 24-Hour: -7.09% decline
• 7-Day: -24.85% decline
• 30-Day: -21.13% decline
• 1-Year: -6.58% decline

ZEX has experienced a substantial retracement from its all-time high of $0.3184 USD, representing an 78.93% decline from peak valuation. The token currently trades at approximately 21.09% above its all-time low.

Token Economics

Supply Structure

• Circulating Supply: 181,438,032 ZEX (18.14% of total supply)
• Total Supply: 1,000,000,000 ZEX
• Maximum Supply: 1,000,000,000 ZEX

The tokenomics structure indicates substantial token distribution remaining for future releases, suggesting potential dilution as additional tokens enter circulation.

Market Capitalization Ratio

• Market Cap to FDV Ratio: 18.14%

This significant gap between market capitalization and fully diluted valuation indicates that the majority of tokens remain undistributed or locked, with planned releases likely to impact price dynamics over time.

Community and Exchange Listing

Token Holders

The project maintains 30,127 token holders, indicating a distributed community with reasonable decentralization across the Solana ecosystem.

Exchange Availability

ZEX is listed on 4 cryptocurrency exchanges, including Gate.com, enabling market participants to access the token through established trading infrastructure.

Strategic Outlook and Positioning

Market Niche

Zeta Markets addresses a critical gap in the cryptocurrency derivatives market: the demand for decentralized, high-performance perpetual futures trading. The platform combines:

• Performance Parity: Matching centralized exchange features through Solana's technological capabilities
• Self-Custody: Maintaining user control of private keys, eliminating counterparty risk
• Transparency: Leveraging blockchain immutability for order book transparency
• Accessibility: Reducing barriers to entry through lower fees and simpler UX

Ecosystem Integration

As a protocol operating within the Solana ecosystem, Zeta benefits from:

• Solana's vibrant developer community
• Integrated liquidity infrastructure
• Cross-protocol composability with other Solana DeFi applications
• Institutional adoption of Solana as a core blockchain platform

References and Official Resources

• Official Website: https://www.zeta.markets
• Whitepaper: https://zeta-foundation.gitbook.io/zeta-foundation/whitepaper
• Twitter: https://x.com/ZetaMarkets
• Contract Address (Solana): ZEXy1pqteRu3n13kdyh4LwPQknkFk3GzmMYMuNadWPo
• Blockchain Explorer: https://explorer.solana.com/account/ZEXy1pqteRu3n13kdyh4LwPQknkFk3GzmMYMuNadWPo

Report Date: December 21, 2025
Data Sources: On-chain metrics and Gate.com market data

Zeta Markets (ZEX) Market Performance Report

Market Performance Overview

Circulation and Supply Metrics

As of December 21, 2025, Zeta Markets (ZEX) has a circulating supply of 181,438,032 ZEX tokens, representing 18.14% of the total supply. The maximum supply is fixed at 1,000,000,000 ZEX tokens, with no inflation mechanism currently specified in available documentation.

The token was published at an initial price of $0.1769 and entered the market through the Solana blockchain ecosystem. The token distribution reflects the project's approach to community and ecosystem incentivization.

Price Volatility Analysis

ZEX reached its all-time high of $0.3184 on June 27, 2024, driven by market momentum and increased adoption of the Zeta Markets perpetual derivatives platform on Solana. This peak reflected positive sentiment around the project's scaling solutions and DEX capabilities.

The token's all-time low stood at $0.0218 on August 5, 2024, representing a significant correction that reflected broader market dynamics and volatility in the derivatives trading sector.

As of December 21, 2025, ZEX is trading at $0.06705, reflecting a -7.09% change over the past 24 hours. The token has experienced notable downward pressure over longer timeframes:

• 1 Hour: -3.56%
• 7 Days: -24.85%
• 30 Days: -21.13%
• 1 Year: -6.58%

View current ZEX market price on Gate.com

Market Capitalization and Trading Volume

• Market Capitalization: $12,165,420.05
• Fully Diluted Valuation (FDV): $67,050,000.00
• 24-Hour Trading Volume: $47,497.25
• Market Dominance: 0.0020%
• Current Ranking: #1,081 by market cap

The relatively modest 24-hour trading volume relative to market cap indicates concentrated liquidity, typical for emerging derivatives protocols.

Network Distribution

Zeta Markets maintains 30,127 token holders, indicating a moderately distributed community across the Solana ecosystem. The token is currently trading on 4 exchanges, with Gate.com providing primary liquidity access for global traders.

Project Overview

Zeta is building the fastest, simplest, and most secure perpetual derivatives DEX on the market. By leveraging Solana's cutting-edge scalability, Zeta offers comparable features and performance to centralized exchanges (CEX), whilst retaining the self-custodial nature and transparency inherent to decentralized platforms.

Token Contract Address (Solana): ZEXy1pqteRu3n13kdyh4LwPQknkFk3GzmMYMuNadWPo

Official Resources:

• Website: https://www.zeta.markets
• Twitter: https://x.com/ZetaMarkets
• Whitepaper: https://zeta-foundation.gitbook.io/zeta-foundation/whitepaper

Zeta Markets (ZEX) - Comprehensive Market Analysis Report

Market Overview

Basic Information

Zeta Markets (ticker: ZEX) is building the fastest, simplest, and most secure perpetuals DEX on the market. By leveraging the cutting-edge scalability of Solana, Zeta offers comparable features and performance to a CEX, whilst retaining the self-custodial nature and transparency of a DEX.

Current Market Position (As of December 21, 2025)

Price Performance Analysis

Recent Price Trends

Historical Price Levels

• All-Time High: $0.3184 (June 27, 2024)
• All-Time Low: $0.0218 (August 5, 2024)
• 24-Hour High: $0.07238
• 24-Hour Low: $0.0663
• Initial Launch Price: $0.1769

ZEX has experienced significant downward pressure over the past week and month, with the token trading at approximately 78.93% below its all-time high, indicating substantial volatility in the perpetuals DEX sector.

Blockchain Infrastructure

Network Details

• Blockchain: Solana (SOL)
• Contract Address: ZEXy1pqteRu3n13kdyh4LwPQknkFk3GzmMYMuNadWPo
• Algorithm: Solana
• Explorer: Solana Blockchain Explorer

Project Overview & Technology

Core Value Proposition

Zeta Markets operates as a perpetuals decentralized exchange built on Solana, combining:

• CEX-Level Performance: High-speed execution and advanced trading features comparable to centralized exchanges
• DEX Transparency: Full self-custody capabilities maintaining decentralization principles
• Solana Scalability: Leveraging Solana's high throughput blockchain infrastructure

Market Position

With a market capitalization of $12.16 million and trading activity across 4 exchanges, Zeta has established itself as a notable player in the perpetuals trading ecosystem. The token distribution shows 18.14% circulating relative to fully diluted valuation, indicating substantial room for supply expansion.

Market Distribution

• Circulating Supply Ratio: 18.14% of total supply
• Market Cap to FDV Ratio: 18.14%
• Market Dominance: 0.0020%

Official Resources

Primary Channels

• Official Website: https://www.zeta.markets
• Whitepaper: Zeta Foundation Whitepaper
• X (Twitter): @ZetaMarkets
• Blockchain Explorer: Solana Account

Trading & Acquisition

Where to Buy

ZEX is available for trading on Gate.com and select other platforms. Users can trade ZEX pairs directly through Gate.com's spot and derivatives trading platforms.

For detailed purchasing instructions, visit the How to Buy ZEX Guide on Gate.com.

Investment Considerations

Strengths

• Built on Solana's high-performance blockchain infrastructure
• Combines DEX transparency with CEX-level functionality
• Active developer ecosystem with growing community participation
• Self-custodial model appeals to security-conscious traders

Risk Factors

• Significant price volatility (down 24.85% in 7 days)
• Low market liquidity relative to larger perpetuals platforms
• Concentrated market with only 30,127 token holders
• Relatively new project with evolving market dynamics

Market Sentiment

The market sentiment indicator shows mixed signals, with recent price weakness suggesting cautious investor positioning. The substantial decline from all-time highs reflects broader market conditions and competitive pressures in the perpetuals DEX space.

Conclusion

Zeta Markets represents an innovative approach to perpetuals trading by combining Solana's scalability with decentralized exchange principles. With a market cap of $12.16 million and an active community of over 30,000 holders, ZEX operates in a competitive segment of the crypto derivatives market.

The project's focus on delivering CEX-like performance within a DEX framework addresses a genuine market need. However, investors should be aware of the significant price volatility and the relatively concentrated token distribution. The recent downward price pressure warrants careful consideration before making investment decisions.

For potential participants, conducting thorough due diligence by reviewing the official whitepaper and following project updates via official channels is recommended before engaging with ZEX tokens or the Zeta Markets platform.

Last Updated: December 21, 2025
Data Source: Gate.com Market Data

FAQ

What does the word zex mean?

Zex is a tool used for trimming and cutting slate in construction and roofing work. It functions as a specialized chopper or hatchet designed specifically for precise slate preparation and finishing.

What is Zex crypto?

ZEX is the native cryptocurrency of Zeta Markets, a decentralized exchange built on the Solana blockchain. It powers trading, governance, and ecosystem incentives within the platform.

What does zeks mean?

Zeks refers to prisoners in Soviet labor camps. The term originated in the 20th century as a shortened form of the Russian word meaning imprisoned. It historically describes detainees held in gulags during the Soviet era.