B

Boundless Network

BUN

Decentralized ZK computation protocol

Performances

RD Popularity Index

3228.00% (24h)
0100200300400500
Project Rank: 2902/15432

RD Growth Index

3750.32% (24h)
0400800120016002000
Project Rank: 1008/15432
Comparison:
1h24h7d30d60d90d
6.59%0.00%0.00%0.00%65.40%--

Comparison

Top Holders

AddressTokenQuantityPercentageValue
0xefdd...e34aBUN637,376,829.8863.74%$13.17M
MEXC 10 (89cb)BUN101,286,346.110.13%$2.09M
0x32ee...4948BUN79,944,671.587.99%$1.65M

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About Boundless Network

Boundless Network is a Web3 ecosystem built around the $BUN token, with its core product being Burrito Wallet, a subsidiary of the Korean exchange Bithumb. The project connects businesses and users through interactive protocols such as token launchpools, P2P marketplaces, and airdrop spaces. Users earn rewards by contributing, while businesses gain access to users and liquidity.

Its main competitive edge lies in the wallet's security and compliance. Burrito Wallet uses multiparty computation (MPC) technology to split private keys, reducing the risk of single-point theft. As a Bithumb subsidiary, it is better positioned to navigate South Korea's strict crypto regulations, addressing issues like the 'Kimchi Premium' — the price gap between Korean and global exchanges — and providing a compliant fiat on-ramp. The wallet also integrates chat, dApp access, and a referral program, making it a practical entry point for mainstream users.

The market pain points it addresses include insecure key management, high entry barriers for non-crypto users, and the lack of compliant infrastructure in the Korean market. By combining a regulated background with user-friendly tools, it aims to bridge the gap between traditional finance and decentralized applications.

Regarding recent developments, public information for the period from March to September 2026 is limited. Based on available data up to early 2026, Burrito Wallet had grown to over 280,000 users by August 2024, and the ecosystem has been gradually expanding its protocol offerings. No major negative events were identified in the past two years, aside from typical market volatility affecting token prices. For the most current updates, official channels should be consulted.

Updated: Sep 7, 2026

Boundless, incubated by RISC Zero, launched its incentivized testnet in July 2025, attracting 411,000 participants and over 2,500 provers. The mainnet went live on Base in September 2025, introducing Proof of Verifiable Work (PoVW) and the ZK Coin (ZKC) token, creating the first universal incentive mechanism for ZK proving. A key milestone was reducing Ethereum mainnet proof costs from $170M to under $500K annually through GPU and zkVM optimizations—a 340x cost reduction in 16 months. The network also generated over 20 billion cycles of proofs across 145 zkVM programs, including the largest zkVM proof ever at 100 billion cycles. Boundless has proven Ethereum consensus, integrated Bitcoin via BitVM, and added Solana support, positioning itself as the modular execution layer for native rollups.

Updated: Sep 12, 2026

Positive: On July 14, 2026, Boundless announced it would expand its ~4,000 GPU network from ZK proving to AI inference, planning a full launch as managed inference infrastructure in summer. Initial benchmarks showed inference costs up to 50% lower than hyperscaler clouds, especially for asynchronous workloads. It also introduced ZKC staking: AI operators must stake ZKC to participate, with stake size linked to earnings caps, boosting token demand. The ZK proving network continues in parallel. No major negative factors in the past six months.

Updated: Sep 15, 2026

Shiv Shankar: CEO. Previously CEO of Boundless at RISC Zero, CIO at RISC Zero, VP of Engineering at RISC Zero, Director of Engineering at Ava Labs, and Head of Engineering at Coinbase. Based in Greater Seattle Area.

Emiliano Bonassi: VP of Engineering. Previously Head of Product at Conduit, Head of Research at Immunefi, co-founder of Rentable, and CTO of HAL. Serves on the Optimism and Arbitrum Security Councils.

Updated: Sep 15, 2026