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Ethereum Addresses Cross Chain to zkSync Era Surpasses 100,000 Milestone

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On March 27th, according to the Web3 Knowledge Map Protocol 0xScope monitoring, since the opening of the main network of zkSync Era, more than 100000 addresses have crossed the cha

Ethereum Addresses Cross Chain to zkSync Era Surpasses 100,000 Milestone

On March 27th, according to the Web3 Knowledge Map Protocol 0xScope monitoring, since the opening of the main network of zkSync Era, more than 100000 addresses have crossed the chain of Ethereum to zkSync Era. As of now, the number of Ethereum across the chain to zkSync Era is about 15900, with a value of about $27.9 million. At the same time, the daily activity of zkSync Lite has significantly decreased with the opening of the main network of zkSync Era.

Data: More than 100000 addresses have cross linked Ethereum to zkSync Era

A Look into Web3 Knowledge Map Protocol 0xScope Monitoring

The opening of the main network of zkSync Era has ignited a massive migration of Ethereum addresses to zkSync Era. According to the Web3 Knowledge Map Protocol 0xScope monitoring, more than 100,000 addresses have already crossed the chain since the beginning of March. This migration is steadily gaining momentum, with about 15,900 Ethereum addresses having already crossed the chain to zkSync Era, with a value of approximately $27.9 million. Now, let’s delve into the specifics and explore why this milestone is such an exciting development.

What is zkSync Era?

zkSync Era is a zero-knowledge rollup (ZKR) solution that enables fast transactions with low fees using the Ethereum network. A ZKR protocol enables multiple transactions to be bundled, verified, and processed in a single on-chain transaction. This significantly enhances the scalability of the Ethereum network and improves transaction speed and cost.

Web3 Knowledge Map Protocol 0xScope Monitoring

The Web3 Knowledge Map is a comprehensive Ethereum and Web3 ecosystem data analysis platform. It offers users the ability to monitor, analyze, and visualize data from the Ethereum network. One of the protocols under the Web3 Knowledge Map is 0xScope, which is a monitoring tool that tracks the number of Ethereum addresses crossing from Ethereum to zkSync Era.

Breakdown of Ethereum Addresses and their Migration to zkSync Era

As previously mentioned, more than 100,000 Ethereum addresses have crossed to zkSync Era since the opening of the main network. The number of addresses crossing every day is continually increasing. This milestone has demonstrated the efficiency and popularity of zkSync Era as a low-cost, high-speed Ethereum layer 2 scaling solution.

Impact of zkSync Era on Ethereum Trading Activity

With zkSync Era gaining popularity, the daily activity of zkSync Lite has considerably decreased. zkSync Lite was the previous version of zkSync that is now deprecated with the opening of the zkSync Era. The migration from zkSync Lite to zkSync Era has firmly established the dominance of zkSync Era as the go-to solution for Ethereum layer 2 scaling.

Conclusion

The milestone of 100,000 Ethereum addresses crossing to zkSync Era is a significant breakthrough in the history of Ethereum Layer 2 scaling. This migration showcases the efficiency and scalability potential of ZKR protocols. Moreover, it also confirms the market’s faith and confidence in zkSync Era as the go-to solution for Ethereum layer 2 scaling. The reduced daily activity of zkSync Lite is a testament to the ecosystem’s quick adoption and profound impact of zkSync Era.

FAQs

Q1: Are there any risks associated with zkSync Era migration?

Ans: Although the migration has been smooth so far, there are potential risks associated with the migration. Some of these risks include smart contract vulnerability, liquidity crisis or even double-spending attacks. However, these risks can be minimized by using trusted smart contracts and conducting thorough audits.

Q2: How can I migrate my Ethereum address to zkSync Era?

Ans: The migration process is relatively easy and can be done in a few simple steps. You can visit the official zkSync migration portal to initiate the process.

Q3: Can zkSync Era be used for non-fungible tokens (NFT) transactions?

Ans: Yes, zkSync Era can be used for NFT transactions. It offers the same speed and low fees as it does for fungible tokens.

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