Ethereum Layer 2 Network zkSync Era Jumps to Nearly $250M in Locked Value
More than 7 million transactions have been conducted on the network since launch, which can process 3.5 transactions per second, data shows. Source
Read More
zkSync
Layer-2 zkSync offers solution to recover 900 ETH locked in smart contract
Matter Labs, the team behind Ethereum’s layer-2 scaling solution, zkSync, has confirmed that 921 ETH worth $1.7 million is currently stuck in one of its new smart contracts, GemstoneIDO. Despite the issue, the firm claims that the funds are safe. Matter Labs have found an elegant solution to rescue them, which
Read More
zkSync Era denies 921 ETH ‘stuck forever’ in smart contract
Matter Labs, the team behind Ethereum layer 2 scaling solution zkSync, has denied that 921 Ether (ETH) worth $1.7 million will be "stuck forever" in one of its new projects. The statement comes as one zkSync project is currently experiencing issues in transferring the funds that it accumulated during its token
Read More
Deposits to zkSync surpass $110M as its DeFi ecosystem explodes
The total amount of funds bridged to zkSync reached $115 million within 10 days of the public mainnet launch as users rush to farm the airdrop of the Ethereum rollup’s expected native token, per L2BEAT data.The zkSync era mainnet was launched one day after the March 24 Arbitrum airdrop. The
Read More
DeFi Tokens, Shiba Inu Clones Populate zkSync as Locked Value Climbs to $100M
“The recently launched zkSync Era mainnet is a sign that the evolutionary trend in the overall blockchain ecosystem is unimpeded, however, the low number of projects building on it is a sign that the Web3.0 world isn’t fully prepared to welcome this innovation for now,” said Maia Benzimra, head of
Read More
Alpha mainnet of Ethereum scaling solution ZKSync goes live
ZKSync, an Ethereum layer-2 scaling solution, debuts its alpha mainnet to reduce congestion and improve transaction throughput. The ethereum (ETH) ecosystem witnesses a significant development as the alpha mainnet of ZKSync, a Layer 2 scaling solution, is officially launched. ZKSync aims to alleviate network congestion and bolster transaction throughput on ethereum
Read More
Matter Labs Says No Plans Yet for zkSync Airdrop After zkSync Era, But Crypto Twitter Is Speculating
"The token will be required once you want to decentralize the sequencer," he said. "In order to have permissionless participation in the validator set, we don't have anything better than a token right now — like how you make it permissionless. But for now, since we are on this sequencer,
Read More
zkSync Era launches with Uniswap and Sushi — First zkEVM on mainnet
Some of the biggest names in decentralized finance, including Uniswap, Sushi, Maker and Curve, are set to launch March 24 on zero-knowledge proof roll-up zkSync Era.The Ethereum layer 2 scaling network has finally opened to users in alpha after four years in development, enabling faster and cheaper transactions. It is the first
Read More
Crypto Users Bridge Millions to zkSync Blockchain in Hopes of Token Airdrop
Crypto users that frequently interact with new and existing platforms will likely receive an airdrop at some stage – which has quickly spurred the narrative of “airdrop farming” in Crypto Twitter circles, as large airdrops can be valued at thousands of dollars in effectively free money at peak. Source
Read More
Matter Labs Says zkSync 2.0 Entering New ‘Era’ With Re-Brand and Developer Rollout
Starting today, project builders that pre-registered for the the newly-dubbed “zkSync Era” platform will be able deploy their apps onto the network for the first time. The Era chain will be closed to general users, but app developers will be allowed to test their code in preparation for a full
Read More