Zora Soars 50% as Perpetual Listings and Creator Activity Ignite Momentum
Zora (ZORA) rallied nearly 50% in the past 24 hours, topping $0.13 and extending its seven-day gains to over 118%. The move lifted its market capitalization to approximately $450 million.
While there was no immediate news catalyst behind the surge, market data suggests that the spike may have been triggered by a large-scale purchase, potentially from a high-net-worth trader positioning ahead of expected volatility.
On-chain data confirmed a sharp increase in creator activity on Sunday, with over 47,000 new tokens minted by 21,000 unique creators — the most since July 31. Zora’s integration into the “Base App” discovery interface in mid-July appears to be driving broader creator adoption and retail engagement.
Zora, an OP Stack-based Layer 2 built for decentralized media and creator monetization, has also gained traction on the trading front. Major derivatives exchanges, including Binance, recently listed ZORA perpetual futures with up to 50x leverage, significantly increasing access for speculators and institutional traders.
Daily trading volume surged to $284 million on Sunday, up from $160 million the previous day, reflecting growing participation in both spot and leveraged markets. These listings have also helped compress spreads and deepen market liquidity.
Since its launch in April via a retroactive airdrop, ZORA has maintained a relatively tight circulating supply, making it particularly responsive to demand spikes — a dynamic that continues to amplify its price volatility.
