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In this “future internet of value,” Matter Labs says zkSync Era will be just one among many compatible blockchains. As it stands now, though, Era is the chain with the most liquidity, the largest number of builders, and the greatest number of platforms already on its network. New blockchains that
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Ethereum zero-knowledge proof scaling system zkSync Era has unveiled its answer to Optimism’s Superchain concept in the form of ZK Stack.It’s a modular framework for a series of ZK-powered custom blockchains called yperchains, which will operate as a new layer on top of the existing layer-2 protocol. The chains will
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ethereum’s Layer 2 scaling solution, zkSync Era, sees its total value locked (TVL) exceed $500 million as increased scalability continues to attract significant capital investment. In decentralized finance (DeFi), the balance of power constantly ebbs and flows
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At press time, more than 220,000 ether (ETH), or around $378.3 million, about 121 million USDC (a dollar-pegged stablecoin) and 14.43 million MUTE, worth $7.53 million, were locked on zkSync. MUTE is the native cryptocurrency of a zkRollup-based decentralized exchange, Mute. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Michael Lee, who was most recently the vice president of community at Activision Blizzard, has been promoted to senior vice president of growth at Matter Labs. Incorporating gaming into the zkSync platform will be Lee’s key
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ethereum (ETH) developer platform known as zkSync Ecosystem has seen significant expansion over the last few weeks, surpassing Polygon in total value locked. This expansion has been particularly notable after the debut of zkSync’s layer-2 scaling protocol
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied iZUMi Finance, a protocol for providing liquidity as a service (LaaS) all in one place, revealed that they had successfully raised $22 million that will be used to facilitate the launch of iZiSwap Pro, a decentralized
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Blockchain security firm CertiK is launching a compensation plan with Ethereum layer-2 scaling platform zkSync Era to cover the $2 million lost during a public sale of decentralized exchange Merlin’s MAGE tokens.In a statement to Cointelegraph on April 26, CertiK reiterated it is investigating the exit scam and has also
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ZkSync Era, which launched in March 2023, uses zero-knowledge cryptography to allow people to transact on Ethereum with higher speeds and lower fees. Era exists within a fast-growing category of Ethereum scaling chains, called zkEVMs, which say they will be able to support any app that’s currently based on Ethereum. Source
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Decentralized finance (DeFi) protocol 1inch has deployed its aggregation and limit order protocols on Ethereum layer-2 scaling solution zkSync Era to tap into faster and cheaper transactions.1inch Network is the latest of a host of Ethereum-based platforms and services to deploy on the zero-knowledge proof (zk-proof) based scaling platform. Uniswap,
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