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Is ZkSync ZK ready to fly?Hello, Skyrexians! Let's continue analyze layer 2. Today we have BINANCE:ZKUSDT on our plate. This is the new coin which has been listed in summer 2024. This asset is very interesting because it's fresh and there are not that much people to create the selling pressure. At the same time it has no clear long term targets and can easily dump because absence of history can increase the risk of investment in such crypto. Anyway today we prepared for you the potential high probability short term scenario which show us the potential take off for ZK! Let's take a look at the daily time frame. Like many other crypto after listing's pump it dropped to the listing price. We can count the first pump as the larger wave 1. The crash to $0.08 can be interpreted as the corrective wave 2 in the shape of ABC. Notice, that at the end of wave B Bullish/Bearish Reversal Bar Indicator has printed the red dot, the strong bearish signal. After that we saw crash in wave C which has been ended with the green dot, the bullish sign. From this point in our opinion large wave 3 started. First of all it has printed the wave 1 which is followed by the wave 2 in shape of flat correction. The strong uptrend continuation signal was the green dot inside the 0.618 Fibonacci retracement level. If our analysis is right price now is in wave 3 which is going to reach the zone between $0.21 and $0.27. Let's also pay attention that couple of days ago was a dangerous situation. Indicator printed red dot, but it has been already invalidated which even enhanced the potential bullish formation. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Long
by Skyrexio
zkSync $ZK researchZKsync is an Ethereum network scaling solution that utilizes Zero-Knowledge (ZK) Rollup technology. This makes it part of the second layer (Layer 2) of solutions aimed at reducing transaction fees and increasing bandwidth on the Ethereum network.ZK Rollups allow transactions to be conducted off-chain, which significantly reduces the load on the Ethereum network and thus gas fees. Only evidence of the correctness of these transactions is published on the main chain, which provides a high degree of security and scalability. Thanks to ZK Rollups, zkSync can process thousands of transactions per second, which significantly exceeds the capacity of the main Ethereum network. TVL zkSync's TVL was reported to be around $86.79 million, showing a minor decline of 2.15%. This figure indicates a relatively stable ecosystem despite fluctuations, suggesting ongoing user engagement and trust in the platform. Despite a decrease in TVL, zkSync still holds a position as a leading Layer 2 solution, although it lags behind competitors like Arbitrum or Optimism in terms of TVL. This could be due to various factors including less aggressive marketing or airdrop strategies compared to others. Fundraising Over the years, ZKsync has attracted significant investment through various fundraising rounds, reflecting investor confidence in its potential to solve Ethereum's scalability challenges. Funding Rounds: 1. Seed Round - 23 September 2019: Amount Raised: $2.00M Lead Investor: Placeholder Ventures Other Investors: DragonFly Capital, 1kx, Hashed Fund, Dekrypt Capital. 2. Series A - 1 October 2021: Amount Raised: $6.00M Lead Investor: Andreessen Horowitz (a16z) Other Investors: DragonFly Capital, 1kx, Union Square Ventures, Placeholder Ventures. 3. Series B - 8 November 2021: Amount Raised: $50.00M Lead Investor: Andreessen Horowitz (a16z) Other Investors: DragonFly Capital, ConsenSys, 1kx, OKX Ventures, Alchemy, among others. 4. Undisclosed Funding - 27 January 2022: Amount Raised: $200.00M Investor: BitDAO 5. Series C - 16 November 2022: Amount Raised: $200.00M Lead Investors: Blockchain Capital, DragonFly Capital Other Investors: Andreessen Horowitz (a16z), Lightspeed Venture Partners, Variant. The gradual increase in funding and the participation of prominent investors such as Andreessen Horowitz, DragonFly Capital and Blockchain Capital emphasize the market's confidence in ZKsync's technology and its potential to address Ethereum's scalability challenges. Recent rounds have given ZKsync the resources to explore and innovate further, including integrating with broader blockchain functionality or developing new tools for developers and users. Tokenomics Maximum offer: ZK 21.00 billion Token distribution: Token Assembly - 29.3% This allocation is for participants and platform creators who make significant contributions to the ecosystem. Their contributions may include development, protocol improvements, or integration of new services. Ecosystem Initiatives - 19.9% These tokens are allocated to support initiatives aimed at the growth and development of the ZK ecosystem. This may include project funding, developer grants, network usage incentive programs, and marketing campaigns. Investors - 17.2% Investors who have invested in a project receive this share of tokens. This can include investments at various stages, from seed rounds to later investments. These tokens can be locked for a certain period to prevent immediate sale after unlocking. Team - 16.1% Project team members receive tokens for their work in creating and developing the project. These tokens are usually also vested to incentivize long-term team participation in the project. Airdrop (Users) - 15.6% This portion of tokens is distributed to users, possibly as part of an airdrop or other incentive programs to attract and retain users in the ecosystem. The tokens are allocated and already unlocked, allowing users to use or trade them immediately. Airdrop (Contributors) - 1.93% Vesting Investors and Team: Initial Unlock (TGE - Token Generation Event): 17.2% of the tokens allocated to investors and 16.1% to the team are set to be unlocked. Cliff: There is a one-year cliff period. This means that no tokens will be unlocked until one year after the initial unlock date. Unlocking Schedule: Date of First Unlock: June 17, 2025 First Unlock Amount: 11% of their allocation becomes available. Post-Cliff Vesting: After the cliff, tokens vest at a rate of 2.47% per month from July 17, 2025, to June 17, 2028. End of Vesting: The vesting period concludes on June 17, 2028, with all tokens fully vested by this date. Airdrop (Users): Initial Unlock: 100% of the tokens allocated for users' airdrop are unlocked at Token Generation Event (TGE). Unlock Date: June 17, 2024 Airdrop (Contributors): Initial Unlock: 100% of the tokens allocated for contributors' airdrop are also unlocked at TGE. Unlock Date: June 24, 2024 Untracked Tokens: Represents a large portion (49.2%) of the total supply where the vesting details are not available or disclosed. These tokens could potentially be unlocked at any time, which might affect market dynamics. Summary: Total Unlocked: At the time described, 17.5% of the total token supply is unlocked, with 33.3% still locked. Vesting Strategy: The strategy for investors and the team involves a significant cliff to ensure long-term commitment and align interests with the project's success over time. The immediate vesting for airdrop participants encourages community engagement right from the start. This vesting schedule aims to balance immediate liquidity with long-term token distribution, ensuring stability and incentivizing sustained involvement from different stakeholders in the zkSync ecosystem. Conclusion The project has good funding and everything to pump up the price going forward. There is no point in writing about airdrop, as it was weak and the developers distributed tokens to themselves. This only confirms the further pumping of the asset after accumulation. Now it is not a bad project to buy in the medium term with the target indicated on the chart. TVL shows that not everything is not so bad compared to other L2s, only Scroll is better statistically.... Not the kind of project to invest in for “technology” or idea, but definitely for capital appreciation in a year is not a bad option. Horban Brothers!
Long
by horbanbrothers
ZK/USDT Breakout Alert: Bullish Setup with 100%+ Gain Potential!Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! ZK is showing strong momentum right now! It recently broke out of a descending triangle and is currently in a retest phase. This could be a perfect opportunity to buy and accumulate on dips, with the potential for 100-130% gains ahead! Entry Range: Current price and add more up to $0.132 Target: 100-130% Stop-Loss: $0.111 What are your thoughts on ZK’s price action? I’m seeing a solid bullish setup here! Share your analysis and insights in the comments below!
Long
by CoreCrypto1
Alikze »» ZK | Ascending Channel - 1D🔍 Technical analysis: The scenario of wave 3 or C super cycles in the ascending channel - 1D - It is moving in an ascending channel in the daily time frame. - According to the momentum and bullish guard, it is currently in the middle of the channel, which can continue its rise up to the range of the supply zone if the price breaks 0.1465. - In addition, if it faces a correction in the middle of the channel, it can face demand again in the golden zone if it returns and continue the upward trend up to the ceiling of the channel and the supply range. 💎 Alternative scenario : In addition, if it faces selling pressure in the area of ​​0.1465 and the correction occurs quickly, the golden area is probably broken and the correction can continue until the OB area. 💎 Possible scenario: Therefore, if the correction occurs in a zigzag fashion, it will have the ability to grow up to the specified areas and the bullish scenario can be more likely. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ZKUSDT
Long
by alikze
ZKUSDT Ready for a Breakout or About to Fail?Yello, Paradisers! ZKUSDT has formed a classic cup-and-handle pattern, and it looks like it’s about to challenge the key resistance trendline. But is this the moment we’ve been waiting for? 💎If ZKUSDT successfully breaks through both the resistance trendline and the resistance zone, it will validate the cup-and-handle pattern, significantly increasing the odds of a strong bullish move. 💎However, if we see a pullback, we can anticipate a bounce from the support zone—but to truly tip the scales in our favor, we’ll need to see an I-CHoCH (Internal Change of Character) on lower timeframes. 💎On the flip side, if ZKUSDT breaks down and closes candle below the support zone, it will invalidate our entire bullish thesis. In that scenario, it’s wiser to stay patient and wait for clearer price action to form before jumping back in. 🎖As always, discipline and patience are your best tools in these situations. If you're serious about consistent profits, waiting for high-probability setups is key. Trade smart, Paradisers! Stay focused and keep mastering your strategy to be in the winner's circle. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
2
ZKSync: Poised for a Major Breakout in the Coming Cycle!ZKSync is rapidly positioning itself as one of the top Layer 2 solutions for Ethereum, offering scalability, lower fees, and faster transactions key ingredients for the next wave of blockchain adoption. As Ethereum’s congestion issues persist, Layer 2 protocols like ZKSync are becoming essential, and with its zero-knowledge rollups and strong utility, it is set to outperform many major coins. In the coming cycle, I believe ZKSync has the potential for significant growth. With its solid technicals and increasing adoption, ZKSync is well-positioned to experience a breakout. Keep your eyes on this one it could be a top performer in the next market phase.
Long
by SaadFiaz
ZKsync ZK price will surprise ?If someone trying to see the Head and Shoulders on the OKX:ZKUSDT chart and tries to short this asset, they will most likely be “punished” 1️⃣ Well, first of all, the "H&S" is a figure of a global trend reversal, not a local one. 2️⃣ And secondly, in our opinion, #ZK is holding quite well and the chance to see $0.14, and if you're lucky, $0.16, is much higher than fall to a new low. DYOR _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
ZKsync $ZK waiting for ETH bullrun? Alt explosion is somewhere.Project description: ZKsync is a Layer 2 scaling solution for Ethereum that uses zero-knowledge rollups (ZK-Rollups) to provide faster and cheaper transactions while maintaining Ethereum’s security and decentralization. Type of project: Layer 2 scalability solution with ZK-Rollups. Is it under a block?: Yes, ZKsync operates on Ethereum as a Layer 2 solution, leveraging ZK-Rollups to scale Ethereum’s transaction throughput without compromising on security. Latest update or news: As of August 2024, ZKsync launched its zkPorter feature, combining on-chain and off-chain data availability to significantly boost scalability and reduce gas fees for decentralized applications (dApps). Narrative: Layer 2 scalability, ZK-Rollups, and Ethereum ecosystem. Why is it a good investment? Institutional Backers and Angel Investors: a16z (Andreessen Horowitz): Andreessen Horowitz has invested in ZKsync, recognizing its role in solving Ethereum’s scalability challenges through zero-knowledge proofs and ZK-Rollups. Framework Ventures: Framework Ventures has also backed ZKsync due to its technical innovations in Layer 2 solutions and its potential to significantly reduce transaction costs on Ethereum. Union Square Ventures (USV): USV has supported ZKsync, seeing its potential to become a key infrastructure layer in the Ethereum ecosystem, especially for scaling decentralized applications. Angel Investors: Vitalik Buterin (Co-founder of Ethereum): While not a direct investor, Buterin has been a strong advocate for Layer 2 scaling solutions like ZKsync that focus on zero-knowledge proofs, aligning with Ethereum’s long-term roadmap. Stani Kulechov (Founder of Aave): Known for his support of DeFi scalability solutions, Kulechov has expressed interest in ZKsync’s potential to reduce transaction fees for DeFi platforms, though no direct investment is confirmed. Futuristic Use Case: Scalability for Ethereum-based dApps: ZKsync enables decentralized applications on Ethereum to process transactions faster and cheaper by using ZK-Rollups, making it ideal for DeFi, gaming, and NFT platforms. DeFi cost reduction: By lowering gas fees and increasing transaction throughput, ZKsync allows DeFi protocols to operate more efficiently, making it an attractive solution for developers and users alike. Cross-chain interoperability: ZKsync is working towards integrating with other Layer 1 and Layer 2 solutions, allowing seamless interoperability across different blockchain ecosystems, which will enhance cross-chain DeFi and NFT trading. Enterprise and institutional adoption: As enterprises begin to explore blockchain solutions, ZKsync’s ability to scale Ethereum efficiently could attract institutional adoption, offering secure and scalable transaction capabilities. Why will it make a significant amount of profits? Unique competitive edge: ZKsync’s use of ZK-Rollups provides a more scalable and secure solution compared to other Layer 2 solutions like Optimistic Rollups. Its ability to settle transactions on Ethereum while reducing gas fees makes it a standout choice for developers and users. Growing demand for Layer 2 solutions: As Ethereum continues to face congestion and high gas fees, the demand for Layer 2 solutions like ZKsync will increase, driving the adoption of the platform and NYSE:ZK tokens. zkPorter and scalability features: ZKsync’s zkPorter feature, which combines on-chain and off-chain data availability, enhances scalability for decentralized applications. This innovation allows ZKsync to handle more transactions with lower fees, attracting more dApps and users to the platform. Long-term integration with Ethereum 2.0: As Ethereum transitions to its full Ethereum 2.0 upgrade, ZKsync will continue to be a critical scaling solution, working alongside Ethereum to support a growing number of users and applications, ensuring sustainable growth for $ZK. Now, follow me for more data and research like this. If you want my format of research please just ff me here on Tradingview. I have docs and papers in Google Docs for more aggressive research waiting to be posted.
Long
by osodatsismoso
zkSync Fresh L2 coin for ETH. 458 million $ investment by fundsLogarithm. Time frame 1 day. Since the coin is fresh (people sell freebies), and it was recently listed, if the market will be dominated by a downtrend until October, a downtrend channel will be formed in case of a break of the key support. _____________________________________ Most importantly: 1️⃣ There was aerdrop manipulation , the community got a very small % of the promised coins, which is in the hands of developers and crypto funds (after shaking out now, there will be full control over the price). 2️⃣ It is worth noting that crypto funds “invested” (with speculative interest) 458 million dollars in the asset. Which is an absolute record. The first and second are extremely positive for the maximum prices of the asset in the cycle in the future. Consequently, the asset is interesting for investment and position trading, and it does not matter what will happen now locally for a couple of months. Work from the average buy/sell price. ____________________________________ The chart shows the key resistance levels for the first significant pumping after the trend break, as well as the maximum distribution zone targets of this cycle. The price potential will be “unlocked” similarly naturally not now, but when the solution will be implemented, there will be media PR, smart money will partially “exit” from the asset. The potential is naturally great, it is shown, who is attentive. Let me remind you, L2 is a solution for scaling the ETH network. When this is implemented and PR'd and ETH is in its first distribution zone, then pump in similar small capitalization assets. __________________________________ Work from the average price of purchases , so in the future sales and no minimums and maximums (even if you are sure that you know and understand how “exactly” it will be, I note that most people who do everything by reverse think so), as this is the fate of true hamsters. At the same time, you need to understand the zones where it is cheap and where it is expensive, and what the general trend in the market is developing. ⏰ Profit from the local game (not necessarily to work this way) is not big (you “spin the volume” part of the allocated money to a certain zone of the asset - work). But, such local work gives you to overcome fear, because you always have money to increase coins. ⚠️ Do not abuse stop loss , where it is not necessary, because everything will be taken away on the “flat place”. ⚠️ Prefer spot trading , which forgives elementary mistakes, if you are not a very good trader. With margin and futures, your risk must be justified. If you are a ludomaniac (most sick people won't admit it, maybe you are one/one of them) then leave this high risk trading. 🐹 Psychology . If, you feel that you, like everyone else, will do, when not necessary under psychological pressure and news some not logical bullshit, it is better not to trade at all, and invest. “Hold” coins for a couple months, dividing the amount of the entry into 2-3 parts. When the market is distributed, you will sell with a big profit. Maximum targets (not necessarily, as depends on a lot of factors), is the zone 0,6 - 1 dollar.
by SpartaBTC
4
zkSync $ZK (Deep research) ZK is a project that develops zk-Rollup technology to scale Ethereum. zkSync Era allows transactions to be performed on the user side and then validated on the Ethereum blockchain using zk-SNARKs. This significantly reduces gas costs and increases network capacity. zkSync supports EVM, making it compatible with existing Ethereum tools and infrastructure. This means developers can easily port their applications to zkSync Era without making significant code changes. The zk-SNARKs cryptography provides a high level of privacy as it validates transactions without revealing transaction details. This makes zkSync Era attractive for those who want to maintain the confidentiality of their transactions. Investors zkSync Era, developed by Matter Labs, has attracted a significant amount of investment from various investors. Among them: 1. Andreessen Horowitz (a16z) - lead investor in the Series B and Series C funding rounds. 2. Blockchain Capital - co-lead investor in the Series C round. 3. Dragonfly - participated in the Series B and Series C rounds. 4. 1kx - investor in Series B rounds. 5. Placeholder - investor in the Series B rounds. In total, Matter Labs has raised $458 million in investment, including $200 million to develop the zkSync Era ecosystem. Investors believe that zkSync Era has great potential to scale Ethereum using zk-Rollup technology. A general list of investors is provided below Ecosystem The zkSync ecosystem includes several well-known projects that utilize zkSync's Layer 2 scaling solution to improve transaction efficiency and financial inclusion. Here are some of the projects you mentioned: SyncSwap is a decentralized exchange (DEX) that runs exclusively on zkSync Era. It offers a convenient, cost-effective and secure DeFi experience based on zero-knowledge technology. SyncSwap recently launched its Paymaster on the zkSync Era mainnet, allowing users to pay for gasoline using a variety of tokens. Tevaera is a multi-genre gaming platform built on zkSync Era and powered by the ZK stack. It aims to create a comprehensive gaming ecosystem that allows users to create and play games on the zkSync network. Zeroland is a decentralized financial platform (DeFi) that offers a variety of services including crop growth, liquidity provisioning, and more. It utilizes zkSync's tier 2 scaling solution to provide faster and more accessible transactions. Koi Finance is a DeFi platform that integrates with zkSync to provide seamless trade execution and more affordable transaction options. By integrating with zkSync, it is focused on maintaining high and sustainable returns. ZKSwap is a decentralized exchange (DEX) powered by zkSync that offers fast and secure transactions with low fees. It has a user-friendly interface and supports various trading pairs. zkMarkets: zkMarkets is a proprietary NFT trading platform on zkSync Era that allows users to buy, sell and trade NFTs on the zkSync network. It provides a secure and efficient platform for NFT enthusiasts. These projects are just a few examples of zkSync's growing ecosystem, which aims to provide innovative DeFi solutions and improve the overall user experience in the decentralized financial space. Tokenomics Total supply: 21 billion Token address: 0x5A7d6b2F92C77FAD6CCaBd7EE0624E64907Eaf3E Hosted on zkSync Era network and non-transferrable to Ethereum mainnet Allocations: Team: 16.1% Investors: 17.2% Airdrop: 17.5% Ecosystem Initiatives: 19.9% Token Assembly: 29.3% Airdrop Distribution: zkSync direct users: 89% Projects native to zkSync: 5.8% Onchain communities: 2.8% Developers: 2.4% Total of 695,232 whitelisted wallets NYSE:ZK tokens to become claimable starting next week, and ending in January 2025. Notes: Total of 33.3% allocated to ‘insiders’ is fairly low in light of other, recent high-profile airdrops. Said insiders also have a 4-year release schedule with a 1-year cliff - again, much better than other major token launches in 2024 (ends in June 2028!) Small unlock after 1-year cliff for insiders in June 2025 of just 3.66%. Airdrop Recently, zkSync held a significant airdrop of its ZK token, distributing 17.5% of the total to early users and contributors. This event marked an important milestone in the crypto community, rewarding those who have actively participated in the zkSync ecosystem. The goal of airdrop is to decentralize network management and foster a strong and active user base. zkSync's airdrop strategy was designed to reward users who were active on the platform through March 24, 2024. Users had to meet certain activity thresholds on zkSync Era and zkSync Lite. The giveaway was divided into two waves. In the first wave, which started on June 17, 2024, tokens were given to zkSync Era users, zk Quest participants, security researchers, moderators, GitHub developers, $DEGEN and $BONSAI etherium recipients, Crypto The Game participants, and NFT Pudgy Penguin and Milady Maker holders. The second wave, which kicked off on June 24, extended to the native zkSync project, external contributors, and the Protocol Guild. The distribution was not without controversy. Some users have criticized the distribution criteria, claiming that they favor certain groups over others. Despite these criticisms, the airdrop was generally well-received, with many users expressing excitement about the opportunity to participate in the zkSync ecosystem. Team The zkSync team, led by CEO Alex Gluchowski, is a group of professionals dedicated to advancing blockchain technology through their innovative solutions. Alongside Alex, the team includes key members such as Zoe Gadsden, Anthony Rose and Geoffrey Thompson, each contributing to the project. Alex Gluchowski, CEO and co-founder, has a strong background in engineering and a passion for blockchain technology. His leadership and vision guide the team to build scalable and efficient solutions for the Ethereum ecosystem. Zoe Gadsden serves as Chief Operating Officer (COO), overseeing the operational aspects of zkSync. Through her experience and strategic planning, she ensures the smooth execution of project goals. Anthony Rose, Chief Technology Officer (CTO), is responsible for technical development and innovation at zkSync. His expertise in engineering and blockchain technology helps drive the project forward. Geoffrey Thompson, General Counsel, provides legal guidance and regulatory compliance. His legal and blockchain regulatory experience helps zkSync navigate the complex legal landscape. Together, the zkSync team is committed to creating a more scalable and efficient Ethereum ecosystem through their innovative solutions. Their dedication and expertise contribute to the project's success and impact on the blockchain industry. GitHub zkSync primarily uses Rust and Solidity as programming languages. This is indicated by mentions of using Rust and Solidity to develop smart contracts and interactions in the zkSync ecosystem. In terms of activity on GitHub, the zkSync project has significant activity on GitHub, with several repositories associated with the project. For example, the zkSync Era repository has a large number of contributors and commits, and the number of forks and stars is very high! This indicates the demand for the technology and the good evaluation of the product from other developers. In addition, there is a growing trend of developers releasing updates and actively developing new projects! It is worth paying attention to the number of commits on the whole way of ZK's existence. Audit The zkSync project has undergone several audits to ensure the security and reliability of its protocol. These audits are necessary to identify vulnerabilities and ensure that any bugs or security issues are fixed prior to deployment. OpenZeppelin conducted one notable audit as part of an ongoing security collaboration with Matter Labs. The audit took four weeks and focused on assessing the security of zkSync Layer 1, a critical component of the zkSync 2.0 project. Another audit was conducted by Code4rena, which offered a competitive audit with a total prize of $250,000. This audit focused on the zkSync protocol and included a repository with comprehensive documentation. Other reputable companies also audited the zkSync project, such as CertiK, which audited the SnarkLaunch project, and Halborn, which audited SyncSwap v2 pools. These audits play an important role in ensuring the security and reliability of the zkSync project. By identifying and remediating vulnerabilities, they help protect the project and its users from potential threats. TVL The total blockchain value (TVL) of zkSync has steadily increased over the past few months. According to L2BEAT, as of June 27, 2024, zkSync's TVL is $1.24 billion. This is a significant increase from earlier this year, when the TVL was around $500 million. zkSync's TVL is spread across several projects, the most notable of which are SyncSwap with a TVL of $55.94 million and ZeroLend with a TVL of $32.71 million. Other projects with significant TVL include zkSwap with a TVL of $27.08 million, KOI Finance, Holdstation, Velocore, and others. The growth of zkSync's TVL is attributed to several factors, including the growing popularity of decentralized finance (DeFi) and the increasing adoption of zkSync technology. zkSync is a second-level scaling solution for Ethereum that utilizes zero-knowledge proofs to enable faster and cheaper transactions. This makes it an attractive option for DeFi projects looking to scale their operations. Overall, zkSync's TVL growth is a positive sign for the project and the entire DeFi ecosystem. As more projects and users adopt zkSync, we can expect to see further growth in TVL and a further increase in the number of Tier 2 scaling solutions. Conclusion The zkSync ecosystem is growing rapidly, with various DeFi projects such as Mute being built on the zkSync Era mynet. The project has attracted significant attention and support from investors and industry players, with a total blockchain value (TVL) of over $138 million as of June 19, 2024. The zkSync development team, Matter Labs, is actively working to expand the zkSync ecosystem and plans to release ZK-Stack. This codebase will allow developers to create their own rollovers. Overall, zkSync is a promising Tier 2 scaling solution that aims to address the scalability and cost issues facing Ethereum, making it an attractive option for developers and users alike. Still, it's worth considering the large capitalization and further major unlocks that will be an “extra burden” to pump the price. When I add this project to my portfolio, you will see Best regards EXCAVO
BINANCE:ZKUSDLong
by EXCAVO
3