DCG-Backed Horizen Shifts ZEN to ERC-20 on Base Blockchain—Here’s Why It Matters

Horizen—backed by Digital Currency Group (DCG)—just made a power move. The project is migrating its native ZEN token to an ERC-20 standard on Coinbase’s Base blockchain. Expect smoother DeFi integration and a potential liquidity surge.

Why Base? Lower fees, Ethereum compatibility, and that sweet, sweet institutional credibility. Because nothing screams ‘adoption’ like a Coinbase-backed chain.

Token migrations can be messy—remember when exchanges ‘accidentally’ suspended withdrawals during past swaps? But Horizen’s betting this shift will turbocharge ZEN’s utility. Or at least give traders a new reason to FOMO in.

One cynical take? DCG’s portfolio needs wins after the 2023 crypto winter. A token migration won’t fix balance sheets—but it might pump the price. Temporarily.

Horizen, supported by Digital Currency Group (DCG), has officially migrated its native ZEN token from its original LAYER 1 blockchain to the Base blockchain, adopting the ERC-20 token standard. This transition is part of the wider Horizen 2.0 upgrade, which includes launching a privacy-focused Layer 3 appchain on Base. The move is designed to boost compliance, scalability, and privacy features, strengthening Horizen’s position in the growing Base ecosystem.