The Landscape of zkSync: Security, Proofs, Scalability and 30 Projects building upon the future of L2
Exploring the new standard of scalability on Ethereum and the projects which are building upon it.
Introduction
The blockchain landscape has progressed rapidly in the past several years. Ever since the launch of ETH mainnet followed by the DeFi Summer and the latest NFT craze, we have seen billions of transactions, millions of users, and countless dApps built upon the self-sovereign, free, and decentralized platform that is ETH.
To meet the ever-increasing demand of users and applications, the underlying protocol faced multiple challenges ranging from security, transaction speed, high fees, and energy consumption, to name a few.
While some are building new L1s tackling the challenges one at a time, there exists a group of companies successfully solving all of the challenges through Cryptography.
Today, we are writing about a product from Matter Labs called zkSync that just might have solved one of the highest-priority issues in the Ethereum ecosystem – the infamous trilemma between scalability, speed, and decentralization. Their solution utilizes zero-knowledge proofs to tackle these problems. There is a reason why their launch resulted in having one of the fastest TVL growth rates ever, so let’s dive deeper into the zkSync ecosystem to see why.
What is zkSync and how did it come about?
In short, zkSync is a Layer 2 scaling solution designed to scale ETH Network utilizing the technology known as Zero-Knowledge Rollups. (Zk Rollup)
Matter labs launched the zkSync 1.0 way back in 2020 but the initial product did not support some of the already established features such as Smart Contracts.
This all changed when zkSync announced the launch of zkSync 2.0, now known as zkSync Era, the first EVM-compatible zkRollup on the mainnet in 2022.
ZkSync Era became the first zkEVM to launch its mainnet earlier this year and, in just 19 days, achieved an astonishing $218M in Total Value Locked.
If you are interested in learning more about zkSync please visit the link below: https://docs.zksync.io/zkevm/
How Does ZkSync Work?
What are the Zero-Knowledge rollups and proofs?
To understand the ZK-Rollups and subsequently ZkSync, we first need to understand what Zero-Knowledge proof is.
Zero-Knowledge proofs are a sophisticated cryptographic method that can hide the specifics of a transaction while still carrying out and confirming it. Using this method, a validator may vouch for the transaction’s validity without being aware of its essential components, such as the amount or entities involved.
Two parties are involved in a Zero-Knowledge proof transaction – Prover and Verifier. Prover wants to prove a statement to the Verifier without revealing what the statement is, and Verifier needs to verify the statement, also without revealing the content of the statement. This is where zero-knowledge technology comes into play and verifies the transaction.
To give a bit more context to the sentence above, let’s look at this from a simple, practical example. (Example taken from Circularise)
- You (Verifier) have met a person who you don’t know (Prover), and he/she claims to be a member of the group that you are a part of. You don’t know if you can trust this person with valuable inside data, but your group has a locked safe that only the members know the code of and can access it.
You decide to write a secret message and lock it in the safe.
- Prover types the code to the safe and retrieves the secret message from the safe, and returns it to you (Verifier).
- You, as a Verifier, receive the secret message from the safe, which proves to you that they are a member of your group and, therefore, can be trusted.
This is an example of how the Zero-Knowledge proof works in real life, essentially, the Prover provides the proof that he/she knows the combination of the safe without giving away any information.
Now that we know what the Zero-Knowledge proofs are, let’s get back to the zkSync Era.
ZkSync Era utilizes something called ZK-Rollups. They are called rollups because they roll up thousands of transactions in a batch and execute them off-chain. Rollups compress the information to use less computing power by representing the account by an index, not an address.
When ZK-rollups batch the transactions off-chain, they also produce validity proofs. This security model allows both parties to ensure that the transactions done off-chain are indeed valid without revealing the statement itself. ← This is where our example of Zero-Knowledge comes into view.
ZK-Rollups essentially make the foundation of the zkSync Era. By having the batches executed off-chain in combination with validity proofs, ZkSync Era is enabling high throughput of the transactions, low gas fees, security, and scalability, all while building upon the Ethereum Network.
Benefits of building on zkSync
User Experience (AA)
User experience is still one of the missing pieces when it comes to web3 stacks, especially considering millions of new users being onboarded each day. Having said this, zkSync provides users with a much friendlier experience while interacting with dApps then the competitors.
Supporting native Account Abstraction (AA) zkSync is enabling developers to build dApps which:
- Do not need seed phrases and can support biometric verification and social recovery.
- Allow users to pay gas fees in any ERC-20 token.
- Batch numerous transactions together, reducing the cost and creating faster throughput.
- Allow One-Time Session Sign, enabling users to sign in once to start the session and make as many interactions as they wish.
- Allow users to make automatic and scheduled transfers as well as recurring payment subscriptions.
Learn more about the UX of zkSync
Security
The security model of zkSync Era inherits the security aspect of Ethereum. They do this by publishing the cryptographic proofs, data needed to validate and reconstruct all transactions directly to ETH L1.
Furthermore, zkSync’s maker, Matter Labs, has paid much attention to security, and it shows. Over a year before the launch, they invested millions to ensure it was secure enough for the public. Multiple security audits (both internal and from security firms), security contests, and bug bounty programs were conducted prior to the mainnet launch.
Learn more about the Security of zkSync
Scalability
Another crucial benefit for the users as well as the developers is the overall scalability of zkSync Era which utilizes the ZK tech stack to reduce the cost of transactions to a fraction of the price of transactions on ETH.
By utilizing the rollup technology (bundling the transactions and publishing final states to the chain) as well as their proprietary tech stack, zkSync allows cheaper, faster, and larger transactions than previously possible.
Furthermore, the team has also introduced the concept of Hyper-chains, which essentially allow anybody to deploy their own chain with consensus, validators, etc… while, in the end, inheriting the security and finality from the underlying L1 chain.
Learn more about the Scalability of zkSync
Explore the Landscape of zkSync Projects.
Let’s dive deeper into the world of zkSync and explore different dApps which are being built upon the network.
DeFi
Balancer
Balancer is a decentralized automated market maker (AMM) protocol that allows users to create and manage liquidity pools. Balancer is unique in the zkSync ecosystem because it offers a number of features that are not available on other AMMs, including:
- Flexible pool types: Balancer pools can be configured with any number of assets and any weighting scheme. This makes it possible to create pools that are tailored to specific needs, such as index funds or baskets of assets with similar risk profiles.
- Weighted fees: Balancer pools can be configured with weighted fees, which means that users who provide liquidity to pools with more assets or higher weightings receive a larger share of the trading fees. This helps to incentivize liquidity provision and ensure that all users are rewarded fairly.
- Staking: Users who stake BAL, the native token of Balancer, are rewarded with additional BAL tokens. This staking mechanism helps to secure the Balancer network and ensure that it remains decentralized.
- Integration with zkSync: Balancer is compatible with zkSync, which means that it can offer low-cost, high-speed transactions. This makes Balancer a powerful tool for users who want to trade assets on zkSync.
Balancer is one of the largest projects on zkSync. It currently accounts for about 10% of all the transactions on the zkSync network. They currently have around $1 billion in assets under management, with around $10 million being on zkSync.
Learn about the latest updates of Balancer on their Twitter page.
Mute.io
Mute is one of the several decentralized exchanges (DEXs) that is built on top of zkSync. This means that the transactions are processed on zkSync network and that Mute can provide high-speed and low-cost transactions to its users.
Unlike other platforms that use a token-based inflation model, Mute’s Amplifier platform allows liquidity providers to receive yield depending on platform-generated income via the Mute token.
Mute’s bond feature allows the protocol to own liquidity by purchasing users’ LP tokens at a discounted rate using Mute. This gives the protocol the ability to control a piece of the liquidity, backing and locking in more value for the platform.
Although Mute is still a young project, it is expanding quickly. 5% of all zkSync network transactions are made on Mute. This demonstrates that users who want to exchange tokens on zkSync frequently choose Mute.
Learn about the latest updates of Mute on their Twitter page.
Ankr
Ankr is a decentralized infrastructure provider that provides tools and services that help projects have a more accessible and affordable transition.
Ankr provides node hosting services for a variety of blockchains, including Ethereum, BSC, Solana, and soon zkSync. This means that users can rent nodes from Ankr without having to set up and maintain their own nodes. It is more affordable than traditional solutions and easy to set up.
Ankr also offers staking services for a variety of blockchains. Users can stake their tokens or their native ANKR token with Ankr and earn rewards without having to manage their own staking operations.
Another utility from Ankr is API access to a variety of blockchains. This means that developers can build applications that interact with blockchains without having to write their own code.
Learn about the latest updates of Ankr on their Twitter page.
SyncSwap
Another decentralized exchange that is built on top of zkSync is SyncSwap. It offers similar features as Mute but with some key differences.
According to Defi Llama, it currently ranks first in the zkSync Ecosystem based on TVL, with an amount of around $80 million. (Source: Defi Llama)
The Multi-Pool DEX protocol, its main offering, includes the following benefits:
- Supports a variety of AMM algorithms, including Uniswap v2’s, v3’s, and Curve’s.
- Flexible fee structure
- Gas refund – With constant fee changing on zkSync, sometimes not all amount of gas fee gets used, so it gets refunded. Users can see on the platform how much percentage of gas fees they save.
- Smart routing – if two tokens you want to trade don’t have a pair, you can use smart routing to suggest the best route with the cheapest fees. In SyncSwap, smart routing can also cross pools with other AMM models.
Learn about the latest updates of SyncSwap on their Twitter page.
Wallets
Argent
Argent is a simple and secure non-custodial wallet built on zkSync that incorporates low fees, fast transactions, and security. It’s primarily mobile based with multiple user-friendly features.
Argent utilizes zkSync to process the transactions.
They have recently implemented the Account Abstraction Feature, which enables users’ Social Recovery. (Recovering accounts without the need for their private key)
Argent has over 500,000 users and it is one of the most popular non-custodial wallets on zkSync. (Source: Argent website)
Learn about the latest updates of Argent on their Twitter page.
BitKeep
Bitkeep is a widely used multi-chain wallet that supports over 250,000 types of cryptocurrencies across over 80 chains.
The wallet provides all in one solution for Wallet, Swap, NFT Market, Launchpad, and dApp browsers.
BitKeep uses a sophisticated DESM (Double Encryption Storage Mechanism) to protect crypto assets.
With BitKeep on zkSync, users can benefit from even faster and cheaper transactions and enhanced privacy and security.
Learn about the latest updates of BitKeep on their Twitter page.
BlockWallet
BlockWallet is a Web3 wallet enabling you to keep your privacy and anonymity while interacting with different dApps.They use MEV and IP protection, as well as zk-SNARKs, for anonymous deposits and withdrawals.
Besides that, they are using Account Abstraction, have built-in swaps and bridges, integrated gas fee tracker, quick network finder, offer hardware wallet support, and many more.
Furthermore, Bitkeep also uses private nodes, bringing users a range of benefits, such as faster transaction speed, increased reliability, and a higher level of privacy.
Learn about the latest updates of BlockWallet on their Twitter page.
Infrastructure
LayerZero
Layer Zero is an Omnichain Interoperability protocol that facilitates and enables communication between different chains. In order to transport messages across on-chain endpoints, LayerZero relies on two parties:
- The oracle and the relayer.
LayerZero utilizes zk-SNARKs to prove that transactions have been performed without revealing the details of the transactions. This makes LayerZero very secure and private.
Thanks to LayerZero, developers who are working on zkSync can expand their applications to work with over 30 supported chains because of the protocol’s message infrastructure.
Learn about the latest updates of LayerZero on their Twitter page.
ZNS Domain
ZNS Domain is a naming system based on zkSync. ZNS’s responsibility is to convert addresses readable by humans, like “bob.zkSync,” into names that can be read by the code such as:
- Addresses, content hashes, and metadata.
Learn about the latest updates of ZNS Domains on their Twitter page.
Gelato Network
Web3’s decentralized backend, Gelato, enables developers to write enhanced smart contracts which are automated, gasless, and compatible with multiple EVM blockchains, including zkSync, Ethereum, Polygon, Arbitrum, and many others.
Currently, Gelato provides the following services:
- Web3 Functions: Run decentralized cloud functions to connect your smart contracts to off-chain data and computation.
- Relay: Through an easy-to-use API, provide your users with access to dependable, strong, and scalable gasless transactions.
- Automate: Make your smart contracts more dependable, developer-friendly, and decentralized by automating transaction execution.
- Gasless Wallet: A potent SDK that lets programmers combine Gelato Relay’s UX and Safe’s Smart Contract Wallet to provide Account Abstraction.
With Gelato launching on zkSync, they are offering builders from zkSync Era to build apps with their mentioned services.
For developers who want to automate any kind of Ethereum usage, Gelato is a safe and permissionless solution.
Learn about the latest updates of Gelato Network on their Twitter page.
Pyth Network
Pyth Network is a decentralized price oracle network that relies on time-sensitive real-world data but does not access it.
It is an oracle that distributes financial market data to various blockchains. Their database comprises market data from 80 different first-party publishers, including some of the world’s largest exchanges and Market Makers.
Pyth does not use “push” oracles like others, Instead, they delegate this work to users.
Pyth Network is providing data oracles to a couple of projects from zkSync Era, including Derivio, OT Protocol, and Nexon Finance.
Their data is available on multiple blockchains, and it can even be used in off-chain applications. They provide approximately 25 million updates per day and have more than 250 data feeds. (Source: Pyth Network website)
Learn about the latest updates of Pyth Network on their Twitter page.
Payments
DePay
DePay is a payment processing platform that utilizes DeFi in correlation with traditional payment services. DePay automatically converts your crypto, allowing merchants to easily start accepting crypto payments.
Benefits of using DePay include direct wallet payments, and one-click payments, all while supporting more than 8000 tokens from 100+ wallets and on 10+ different blockchains.
They support multiple different traditional e-commerce platforms such as Shopify, WooCommerce, and others.
Learn about the latest updates of DePay on their Twitter page.
Li.Fi
Li.Fi is a cross-chain bridge aggregation protocol that acts as an essential gateway to access all the DeFi.
The team has aggregated multiple bridges, DEXs, and DEX Aggregators, enabling the DeFi project ease of DeFi integration within their dApps.
They have identified problems that the ecosystem currently has, including:
- Accessing dApps of other chains
- Difficulty in moving funds to Yield Aggregators
- Lack of swap on multi-chain wallets,
among other.
With LI.FI, developers can easily access all the bridges and connect to all the DEXes which they need.
LI.FI will soon implement the zkSync Era, which will be their first step towards the ZK technology.
Learn about the latest updates of LI.FI on their Twitter page.
Gitcoin
Programmers and developers can work on Gitcoin’s open-source, decentralized platform and receive rewards based on their contributions.
The platform aims to cooperate with open-source projects by rewarding developers for taking over the projects’ development.
Developers can contribute to projects by offering code, documentation, or other materials.
They have given away $50 million through their grants program thus far, supporting more than 3500 projects. (Source: Gitcoin website)
With Gitcoin on zkSync, projects that are building on the zkSync chain can get grants and contributors for their work. One of them is already mentioned SyncSwap, which gathered $74 000. (Source: Gitcoin Grants)
Gitcoin is a DAO, and it’s offering grants in addition to conducting hackathons and bounties.
Learn about the latest updates of Gitcoin on their Twitter page.
Social
CyberConnect
CyberConnect is a decentralized social graph protocol enabling dApps as well as individuals to build upon their on-chain social profile.
CyberConnect, which is based on EVM chains, gives individuals the freedom to really control their social identities, content, and relationships in social networks and offers developers a wealth of capabilities for creating socially engaging apps.
Users can monetize their data by publishing it in NFT format on a specified blockchain and use tokens and airdrops to entice early adopters, persuade them to contribute, and more.
The team at CyberConnect is actively developing the integration with the ZkSync ecosystem, which will enable dAAps and individuals to create and integrate their on-chain zkSync Data on their native profiles.
If you want to see how graph data can be utilized, check out their product called CyberChat.
Learn about the latest updates of CyberConnect on their Twitter page.
Tide
Tide is a web3 marketing dApp for DeFi, NFTs, and DAO projects that uses on-chain credentials to build data-driven engagement campaigns to attract, hold, and retain customers.
Tide Protocol’s unique features include:
- A performance marketing stack that allows dApps to keep track of the performance of their marketing campaigns and their spending.
- A user acquisition platform that serves to find and acquire new users for a specific dApp.
- A retargeting platform that helps builders re-engage with users who have already visited their dApp.
- A referral program that incentivizes users to refer their friends to a specific dApp.
Besides the features mentioned above, they also provide a white-label solution for their marketing tools.
With the help of their Audience System, users can also avoid bots and target community members who are relevant to their business without conducting technical studies.
With their analytics, users can assess the success of Web3 marketing tactics and learn more about the preferences, characteristics, routines, requirements, and interactions of their users.
The platform has been actively contributing to the growing zkSync Ecosystem and providing solutions to numerous dAAps building upon the zkSync Era.
Learn about the latest updates of Tide on their Twitter page.
DAOs
SuperLauncher
SuperLauncher is an investment DAO that allows for widespread involvement in early-stage and late-stage companies across more than 20 EVM-compatible chains.
They offer a user-friendly interface and a variety of features to help investors manage their capital, like staking, yield farming, and liquidity pools.
They also have their own token called LAUNCH, which will be used for staking, yield farming, IDO participation, and voting.
SuperLauncher is also contributing to the ZkSync ecosystem with a wide array of investments.
The team raised over $10 million in funding and has supported over 100 projects, including Axie Infinity, The Sandbox, and Decentraland.
Learn about the latest updates of SuperLauncher on their Twitter page.
KaratDAO
KaratDAO is a fully decentralized data network that is a link between Web2 and Web3. Powered by MPC and ZK technologies, KaratDAO allows users to sell their own proprietary data with confidence and earn revenue in return.
Here are some of the unique features of KaratDAO:
- Users can share their data without revealing their identity or other sensitive information.
- Users earn rewards by sharing data. The rewards are paid in their native KARAT tokens.
Holders of their KARAT token can be used for staking, governance, data sharing, and access to premium features on the KaratDAO platform.
Learn about the latest updates of KaratDAO on their Twitter page.
VeritiDAO
VeritiDAO is a DAO built on top of the zkSync Era enabling users to verify the validity of a Smart Contract without the need of multiple verification teams.
They use a community-driven approach to verification, where members of the DAO vote on the verification and are rewarded for submitting accurate votes. The verification process is open to the public, so anyone can see how verifiers are rewarded and how decisions are made.
They are currently in the beta phase, but it is expected to launch before the end of the year.
Learn about the latest updates of VeritiDAO on their Twitter page.
Coordinape
Coordinape is a DAO management tool enabling contributors to receive rewards and payments based on their contributions.
The platform works in a way where the DAO or an individual creates and funds a circle of contributors with a set budget and timeline.
Once that is defined, based on the contribution towards the DAO, the contributors are provided with feedback and rewards.
Besides rewarding contributors, their tokens can also be used for staking and governance, the Coordinape is being used by multiple dAAps / DAOs in the zkSync ecosystem, which reward their contributions based on the contributions.
Learn about the latest updates of Coordinape on their Twitter page.
Games
Tevaera
Tevaera is a gaming ecosystem that is transforming the web3 gaming industry with numerous toolsets, dApps as well as their proprietary EVM-compatible Chain.
In parallel, they are working on different on-chain games as well as the multiplayer game framework, Decentralized Gaming Exchange & Marketplace.
Furthermore, they are building Teva Chain, which serves as a Hyperchain built upon the zkSync, offering scalability, performance as well as security.
According to their website, they have over 82 000 registered users in both zkSync Lite and zkSync Era. Most of them are coming from their most popular game – Teva Run.
Learn about the latest updates of Tevaera on their Twitter page.
Crypto Maze
Crypto Maze is a mobile-first zkSync-powered ecosystem that allows gamers, communities, and brands to create WEB3 mini-games, custom digital assets, and unique virtual experiences.
Recently they were in charge of one of the biggest free mint events of NFTs on zkSync, where over 400 000 NFTs got minted.
They have already released a couple of mini-games, including Crypto Maze and Maze Race, with an addition of an NFT Marketplace being launched in the next couple of weeks.
Learn about the latest updates of Crypto Maze on their Twitter page.
Galaxy Blitz
Galaxy Blitz is a sci-fi simulation game built on top of zkSync.
Galaxy Blitz provides users with a couple of different modes, including PVP (Player vs Player), and PVE (Player vs NPCs), as well as the combat between DAOs.
They have already made available several NFTs, such as ships, weapons, and armor, and are actively developing a number of new features, such as a guild system and a tournament mode.
Learn about the latest updates of Galaxy Blitz on their Twitter page.
NFTs
Taker Protocol
Taker is a decentralized NFT lending protocol where NFT holders can instantly borrow liquidity, and lenders can provide funds to earn returns.
Their platform has the following features:
- Instant Loans – Taker’s lending pools support instant loans, where all NFTs are treated like fungible assets.
- Lending for Non-Blue-Chip NFTs – Supporting some of the lesser known NFT collections, initiation known as Growth NFTs.
- Risk Isolation – ETH provided by lenders is not shared with Blue Chip NFT and Growth NFT pools
- Mixed Collateral – even though Blue Chip NFTs and Growth NFTs have separate collateral pools, the collateral is mixed within each pool.
- High Liquidation Efficiency – Liquidators can directly liquidate unhealthy borrowers’ NFT assets.
Taker is governed by Taker DAO.
The DAO assists in accurately valuing a specific NFT or NFT collection in addition to determining loan-to-value rates and other protocol characteristics. Holders of TKR are entitled to rewards and a share of platform revenue.
Taker has recently partnered up with ZkSync to provide lending and borrowing of NFTs residing in the ZkSync Era.
OkX NFT Marketplace
Okx is a multi-chain NFT marketplace built by the OkX Exchange. It enables users to browse, collect, buy, and sell NFTs across different chains.
Marketplace also supports ordinals (Bitcoin-based NFTs)
They also have OkX NFT Launchpad enabling users to discover new collections and whitelist themselves for the drops.
Furthermore, the marketplace supports the zkSync Era-based NFTs.
Kreatorland
Kreatorland serves as the biggest NFT marketplace and launchpad on zkSync enabling users to discover, create and launch, buy, and sell numerous NFT collections.
Kreatorland also enables creators to simply and easily mint their NFTs through their proprietary embedded minting platform.
Learn about the latest updates of Kreatorland on their Twitter page.
MintDAO
MintDAO is a cross-chain NFT platform that helps projects design, develop, and launch NFT collections.
They are enabling third-party developers a complete suite of products ranging from Minting and trading across chains accompanied by listing as well as NFT analysis.
They have recently integrated the zkSync compatibility, enabling users to launch their NFTs on the zkSync Era Network.
Learn about the latest updates of MintDAO on their Twitter page.
Mintify
Mintify is a data intelligence platform for NFTs. It enables users to discover, trade, and manage their NFT portfolios across a variety of chains.
Mintify offers full historical & real-time blockchain data for over 150,000+ collections, a 60-second collection reveal, as well as a fully customizable trading terminal with multiple presets.
Mintify currently offers 3 main products: :
- Trading & Analysis Terminal
- Enabling users to trade and analyze NFTs across public and private marketplaces.
- Discover Terminal
- Enabling users to discover new collections and launches.
- Build Terminal
- API enabling access to real-time and historical data.
Learn about the latest updates of Mintify on their Twitter page.
Bridges
Orbiter Finance
Orbiter Finance is a decentralized cross-rollup bridge that provides cheap and rapid transfers of Ethereum native assets.
Features of Orbiter Finance include:
- Safety – Orbiter has no risk like other cross-L1 bridges based on the safety rollup technique.
- Cheap and fast – On both the “Source” and “Destination” networks, the transfer takes place between the “Sender” and the “Maker’s” EOA (externally owned address). ‘Senders’ don’t interact with the contract address.
Instead of ensuring the security of transactions between two unique chains and avoiding the 51% attack, the cross-rollup project uses the same Ethereum data layer with each rollup which can naturally prevent the 51% attack. Based on this, Orbiter comes up with a cross-rollup mechanism that can inherit the security of Ethereum L2.
Orbiter Finance implements and has full support for the zkSync ecosystem..
Learn about the latest updates of Orbiter Finance on their Twitter page.
Layerswap
Layerswap is a cross-chain bridge enabling fast and simplified ways to transfer assets across wallets, blockchains, and centralized exchanges.
LayerSwap currently supports transfers between 17 exchanges and 20 blockchains. They are also integrated in a number of wallets, DEXes, and dApps to let users transact with ease.
They are the first and only bridge to allow direct and immediate transfers from CEXs to blockchains.
LayerSwap supports both zkSync Lite as well as the zkSync Era.
Learn about the latest updates of Layerswap on their Twitter page.
Ending words
In conclusion, zkSync has emerged as one of the top scalability solutions within the Ethereum ecosystem, addressing key challenges such as high fees, slow networks, and security concerns. With its innovative implementation of Zero-Knowledge proofs and ZK-rollups, zkSync offers a compelling opportunity for all Ethereum-based projects seeking scalability and efficiency.
What about the token? zkSync doesn’t have its native token. CEO of Matter Labs, Alex Gluchowski, said:
- There is no need for a token as the network is largely centralized for now.
However, he mentioned that once the network is fully decentralized, the token will arrive. The airdrop is not officially confirmed yet, but it is highly believed that zkSync will reward their early adopters.
The team has recently teased the potential NFT collection, which captured the attention of the whole crypto space, including the top projects building within the EVM ecosystem.
To conclude the story, in less than 4 months zkSync managed to get more than $750M TVL with more than 22m transactions in the last 30 days, which accounts for tremendous growth and adoption within the web3 native audiences and projects alike.
With this sort of adoption, we are sure that zkSync will definitely have its mark within the future of a decentralized world.
We will continue to update this list on a bi-monthly basis, make sure to sign-up for our newsletter to receive exclusive updates about the zkSync and other ecosystems we are covering.
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