According to ChainCatcher news, based on the popularity index data from the Web3 asset data platform RootData, as of December 20 at 10:18, Horizen has surged 873 places in the Top 50 ranking of skyrocketing projects, with the token ZEN seeing a 24-hour increase of 12.2%.
Horizen is a blockchain ecosystem focused on achieving privacy and scalability through sidechains. The platform enables businesses and developers to create their own public or private blockchains and decentralized applications on its distributed network. The project utilizes a verifiable cross-chain transfer protocol called Zendoo as its sidechain solution, while also incorporating a zero-knowledge proof protocol (zk-SNARK) to ensure secure communication with the sidechains.
According to reports, RootData has launched the first 'Web3 Hot Project Ranking'. This popularity ranking helps users capture the real pulse of attention and improve the accuracy of investment decisions through 4.3 million real user behavior data. The ranking will be calculated in real-time based on the weighted frequency of searches by platform users, project click rates, user votes, and the popularity and influence on platform X.
