ZKsync ZK

1. Summary

Ranks

Liquidity

99

Developer

85

Social

-

Momentum (beta)

0

Stack Rank™

-

Price

$0.13 -1.5%

Market Cap

$467.32M (#142)

Supply

3.68B / 21.00B

Tags

Zero Knowledge (ZK) Layer 2 (L2) ZkSync Ecosystem Blockchain Capital Portfolio OKX Ventures Portfolio Consensys Portfolio

More Metrics

Price
52W High price	$0.22
52W High date	20th Jun 2024 (3 months ago)
All Time High (ATH) Date	17th Jun 2024 (4 months ago)
ATH Price	$0.32
% From ATH	-59.73%
All Time Low (ATL) Date	5th Aug 2024 (2 months ago)
ATL Price	$0.08
% From ATL	55.65%

Supply & Trading Volume
Trading Volume (24h)	$86.74M
Total Supply	21.00B
Max Supply	21.00B
Circulating Supply	3.68B

Less Metrics

Description

zkSync is a layer-2 scaling solution built on Ethereum, designed to speed up transactions and lower gas fees while maintaining high security and privacy for users. It achieves this through Zero-Knowledge Rollup (ZK-Rollup) technology, which bundles transactions off-chain for processing and then submits them back to the main chain for validation. Th...

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zkSync is a layer-2 scaling solution built on Ethereum, designed to speed up transactions and lower gas fees while maintaining high security and privacy for users. It achieves this through Zero-Knowledge Rollup (ZK-Rollup) technology, which bundles transactions off-chain for processing and then submits them back to the main chain for validation. This approach ensures a secure, trustless environment for decentralized finance (DeFi) activities without relying on third-party validators.

What is zkSync Era?

zkSync Era is an upgrade to the network, providing all the features of Ethereum while offering faster and more cost-effective transactions. Unlike its initial form, zkSync Era supports smart contracts, allowing activities like DeFi and NFTs.

Key Features and Technology

• Zero-Knowledge (ZK) Rollup: Generates cryptographic proofs to verify transactions without revealing the transaction details, ensuring privacy and high security.
• Layer-2 Solution: Scales Ethereum by separating ownership from computation, allowing for high transaction rates while maintaining L1-level security.
• zk-EVM: The first zero-knowledge EVM for Ethereum, enabling general-purpose applications in Solidity without costly gas fees and performance barriers.

Development and Funding

• Developed by: Matter Labs, founded in 2019 by Alex Gluchowski and Alexandr Vlasov.
• Funding: Raised over $400 million from numerous VC funds, crypto incubators, and investors, including the Ethereum Foundation, Dekrypt Capital, Placeholder, and Dragonfly Capital.

Ecosystem and Use Cases

• DeFi and NFT Support: zkSync Era supports DeFi transactions and NFTs, enabling a wide range of activities on the platform.
• Variety of Use Cases: Projects like SyncSwap, Mute.io, and ZkFOX contribute to the growing potential of DeFi on zkSync, offering services such as decentralized exchanges, lending platforms, and more.

Thus, zkSync aims to accelerate mass adoption of blockchain technology while preserving the core values and ethos of Ethereum.

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