ZIL Token Soars 68% Amid Zilliqa 2.0 Upgrade, Hard Fork Success Drives $276M Trading Volume

ZILUSDT experienced a notable 68.15% price surge over the past 24 hours, largely attributed to heightened market interest surrounding the Zilliqa 2.0 network upgrade and the upcoming Cancun EVM hard fork, both anticipated to improve smart contract compatibility and scalability. The successful hard fork implemented on February 3, 2026, aimed at enhancing network efficiency and reducing transaction costs, further fueled trading activity and led to increased trading volumes and liquidation events. Major exchanges temporarily suspended ZIL deposits and withdrawals as a precautionary measure during the upgrade, though trading was unaffected. Despite the recent rally, the broader sentiment remains bearish due to historical price declines and lower liquidity following the scheduled delisting of the ZIL/BTC pair on a major exchange. Currently, ZILUSDT is trading at $0.00681 on Binance, with a daily trading volume exceeding $276 million and a circulating supply near 20 billion tokens.