Value locked in zkSync Era surpasses $500 million ─ 12% increase in a week | CoinDesk JAPAN

Matter Labs zkSync Era, a zero-knowledge (ZK) rollup aimed at scaling Ethereum, continues to raise capital at a brisk pace.

According to data from L2Beat, zkSync Era’s Total Value Locked (TVL) exceeded $500 million on June 19, a 12% increase in one week. . TVL is a widely used metric to track the total value of crypto assets (virtual currencies) locked or staked on decentralized financial platforms.

zkSync Era, which maintains Ethereum Virtual Machine (EVM) compatibility while ensuring native account abstraction, is already the third largest total value locked behind Arbitrum and Optimism. Roll up.

zkSync Era’s TVL surpasses $500 million, a record high. (L2Beat)

At the time of writing the article, 220,000 Ethereum (ETH) worth 378.3 million dollars (about 53.67 billion yen), USD coins (about 121 million dollars (about 2.98 billion yen))USDC), with 14.43 million MUTEs worth $7.53 million locked into zkSync. MUTE is the native token of Mute, a zk rollup-based decentralized exchange.

Daily active addresses have increased steadily since May, averaging 175,000 over the past four weeks. zkSync will launch in March 2023.

Recently, liquid staking solution Rocketpool announced on zkSync Eraoperation, joining the list of decentralized applications migrating to Layer 2 platforms. According to crypto investment firm Galaxy Digital, this increase in user demand is likely due to Ethereum developers focusing on implementing Ethereum Improvement Proposal (EIP) 4844.

EIP4844 introduces a new transaction type that accepts “blobs” of data and reduces rollup transaction fees.

Alex Thorn, head of research at Galaxy Digital, said in a newsletter dated June 2 that Ethereum is planning to launch “Cancun” and “Deneb” this fall or next winter. Deneb)” The priority of EIP4844 as the major code change for the upgrade underscores the rollup to the long-term scalability of Ethereum and the importance of Dapps (decentralized applications) built on Ethereum, which will ultimately We will move a large portion of that to more cost-effective rollups.”

Note that other ZK rollups like StarkNet and Polygon zkEVM remain active. Some observers say “Zk season is here” in the sense that the ZK rollup will significantly outperform other market sectors.

Looks like its going to be Zk season.

Polygon zkEVM, Starknet and zkSync Era are continuing to put all time highs as TVL, Daily Active addresses and Daily transactions continue their uptrend. pic.twitter.com/vfUcnHNoPA

—Emperor Osmo (@Flowslikeosmo) June 18, 2023

｜Translation: coindesk JAPAN
｜Editing: Toshihiko Inoue
｜Image: L2Beat
｜Original: Ethereum Layer 2 Network zkSync Era’s Locked Value Surpasses $500M