Zora Rallies Over 50% as New Perps Listings and Base Network Activity Ignite Momentum

Zora Jumps 50% Amid Derivatives Listings and Creator Activity Spike

Zora (ZORA) surged nearly 50% in the past 24 hours, climbing above $0.13 and boosting its weekly gains to over 118%, with its market cap now nearing $450 million.

The sharp rally came without a clear news catalyst, suggesting the move may have been driven by a large strategic accumulation in anticipation of future market volatility. The sudden spike in price and volume indicates possible positioning by a deep-pocketed trader.

On-chain activity also spiked, with more than 47,000 tokens minted by 21,000 creators on Sunday — the highest level of issuance since July 31. The renewed momentum follows Zora’s mid-July integration into the “Base App” discovery flow, which expanded access for users and creators.

Zora, a Layer 2 protocol built on the OP Stack and focused on media and minting, has seen a significant increase in attention following its listing on major exchanges. Binance and other venues recently launched perpetual contracts for ZORA with up to 50x leverage, drawing speculative capital and improving liquidity.

Daily trading volume more than doubled to $284 million, up from $160 million the previous day. The introduction of leverage has increased market depth and tightened spreads, supporting both spot and derivatives-based strategies.

Initially launched in April through a retroactive airdrop, ZORA’s limited float has made it especially responsive to surges in demand — further amplifying price action during periods of heightened market activity.