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Polkastarter reports zkSync, an Ethereum two-layer network, has reached $65 million TVL

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It is reported that the decentralized start-up platform Polkastarter said on social media that the TVL of zkSync, an Ethereum two-layer network based on ZK Rol…

Polkastarter reports zkSync, an Ethereum two-layer network, has reached $65 million TVL

It is reported that the decentralized start-up platform Polkastarter said on social media that the TVL of zkSync, an Ethereum two-layer network based on ZK Rollup, has reached 65 million dollars, the development company of zkSync, Matter Labs, has completed a financing of 458 million dollars, and Blockchain Capital has led the investment of 200 million dollars. In addition, the zkSync public test network has been launched and there are rumors of air drop, but there is no zkSync token yet.

ZkSync development company Matter Labs completed US $458 million financing

Analysis based on this information:


The decentralized start-up platform Polkastarter has recently reported on social media that the TVL (total value locked) of zkSync, an Ethereum two-layer network based on ZK Rollup, has reached a staggering $65 million. This is a significant milestone for the development company of zkSync, Matter Labs, which has recently completed a financing round of $458 million, with the leading investment of $200 million coming from Blockchain Capital.

This news is a significant development for the Ethereum community as zkSync promises to solve the inherent scalability issues faced by Ethereum. The Ethereum network is currently plagued with high gas fees and slow transaction times, which are major obstacles to the growth of the ecosystem. The zkSync network aims to address these issues by creating a layer 2 scaling solution that is both secure and efficient.

One of the key selling points of zkSync is its use of ZK Rollup technology. ZK Rollup is a privacy-preserving scaling solution that uses zero-knowledge proofs to bundle transactions into a single proof. This makes the process of verifying transactions much faster and more efficient. By utilizing ZK Rollup, zkSync promises to enable thousands of transactions per second while keeping gas fees low.

While the zkSync public test network has been launched, and there are rumors of an upcoming airdrop, there is currently no zkSync token available. However, this news has the potential to generate significant interest in the upcoming token sale, which is expected to take place in the near future.

In conclusion, the news of zkSync’s success is a significant development in the Ethereum community. With the promise of solving the scalability issues currently faced by Ethereum, the network has the potential to unlock the full potential of decentralized finance and blockchain-based applications. The significant investment raised by Matter Labs is a testament to the potential of zkSync, and the upcoming token sale is something to watch out for in the coming months.

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