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ZkSync Era Chain Records Over 3 Million Transactions and 293.91% Increase

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According to reports, according to official data from zkSync, the current transaction volume on the zkSync Era chain has exceeded 3 million transactions, reaching 3020478 at the ti

ZkSync Era Chain Records Over 3 Million Transactions and 293.91% Increase

According to reports, according to official data from zkSync, the current transaction volume on the zkSync Era chain has exceeded 3 million transactions, reaching 3020478 at the time of writing. Currently, the total number of submitted blocks is 635034, and the number of verified blocks reaches 564741, with a block verification rate of about 88.9%. According to L2Beat data, the current total lockup volume of zkSync Era has reached 98.45 million US dollars, an increase of 293.91%.

Data: zkSync Era’s online transaction volume exceeded 3 million transactions

The zkSync Era chain has recently set a new record, with its current transaction volume reaching over 3 million transactions, according to official reports from zkSync. At the time of writing, the exact number of transactions recorded is at 3020478. This milestone marks the increasing adoption of decentralized finance (DeFi), which offers fast, secure, and cost-effective transactions using blockchain technology.

Overview of zkSync Era Chain

zkSync Era is a layer 2 technology that offers scalability and faster transaction processing on the Ethereum network. The platform uses zero-knowledge technology to provide private and secure transactions without compromising on speed and scalability. With zkSync, users can enjoy faster transaction confirmation times at a fraction of the cost compared to the Ethereum network.
Currently, the number of verified blocks on the network has reached 564741, with a block verification rate of around 88.9%. Additionally, the total number of submitted blocks on the network is 635034. This indicates a high level of security and reliability on the platform, which is essential for a blockchain network that aims to handle a large volume of transactions.

Increasing Total Lockup Volume of zkSync Era

According to L2Beat data, the current total lockup volume of zkSync Era has reached 98.45 million US dollars. This represents an increase of 293.91%, showing a surge in adoption and usage of the platform.
The significant increase in lockup volume can be attributed to the growing interest in DeFi applications and the increasing number of users seeking cost-effective and faster transaction processing. Additionally, the platform’s scalability and security features make it an attractive option for users, giving rival networks such as Ethereum and Binance Smart Chain a run for their money.

The Benefits of zkSync Era

– Fast Transaction Processing: With zkSync Era, users can enjoy faster transaction confirmation times, making it ideal for day-to-day transactions, such as payments, remittances, and online purchases.
– Cost-Effective: Compared to other networks such as Ethereum, zkSync Era offers a cheaper transaction processing fee, saving users’ money while still maintaining excellent speeds and security.
– High Scalability: The zero-knowledge technology used by zkSync Era provides scalability, ensuring maximum throughput and handling a large volume of transactions.
– Private and Secure Transactions: The platform’s zero-knowledge technology ensures privacy and security, with users’ information kept hidden from unauthorized individuals.

Conclusion

The zkSync Era chain has reached a significant milestone, recording over 3 million transactions and increasing its total lockup volume by 293.91%. The platform’s scalability, security, and cost-effectiveness make it an attractive option for users seeking faster and cheaper transaction processing. With the growing number of users interested in DeFi, this milestone sets the stage for further growth in the network.

FAQs

Q: What is zkSync Era?
A: zkSync Era is a layer 2 technology that offers faster and cost-effective transaction processing on the Ethereum network.
Q: How does zkSync Era ensure security?
A: The platform uses zero-knowledge technology to ensure the privacy and security of users’ transactions and information.
Q: How much has the total lockup volume of zkSync Era increased by?
A: The total lockup volume of zkSync Era has increased by 293.91% according to L2Beat data.

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