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- 🚀 Gate.io #Launchpad# for Puffverse (PFVS) is Live!
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- 🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
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zkSync Era, a zero-knowledge (ZK) rollup aimed at scaling Ethereum and owned by Matter Labs, continues to attract capital quickly.
According to data source L2Beat, the locked total value (TVL) in zkSync Era is over $500 million as of early Monday, thus seeing a 12 percent increase in a week. TVL is widely used to track the total value of digital assets locked or deposited on decentralized finance platforms.
The scaling solution, which maintains Ethereum Virtual Machine (EVM) compatibility while providing native account abstraction, is the third highest TVL rollup after Arbitrum and Optimism.
At the time of writing, more than 220 thousand ether (ETH) worth $378.3 million, approximately $121 million USDC, and 14.43 million MUTE tokens worth $7.53 million are locked in zkSync.
The number of daily active addresses on the network has been increasing steadily since May, reaching an average of 175,000 in the last four weeks. zkSync was released in March of 2023.
Recently, liquid staking solution Rocketpool went live in the zkSync Era, joining decentralized applications migrated to layer-2 platforms. According to Galaxy Digital, the increased demand for rollups is due to Ethereum core developers' focus on implementing Ethereum Enhancement Proposal (EIP) 4844.
EIP 4844 introduces a new type of transaction to Ethereum that accepts “blobs” of data and reduces transaction fees in rollups.
At the same time, activities in other ZK rollups such as Starknet and Polygon zkEVM continue lively. This is causing some observers to think we have a ZK season ahead of us.
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