zkSync News (Latest Publications)

zkSync is a layer 2 scaling solution for Ethereum that utilizes zero-knowledge (zk) proofs to enable faster and cheaper transactions with high security.

zkSync It is being developed by Matter Labs, a blockchain research and development company.

ZKsync’s Ignite Program Sets $48.5M Liquidity Hub, Aiming for Higher TVL

TL;DR ZKsync has launched the recently approved Ignite program to promote DeFi liquidity on its network by distributing 325 million ZK tokens. Ignite aims to increase

Treasure DAO to Migrate from Arbitrum to ZKsync Following Community Vote

TL;DR Community-Driven Decision: Treasure DAO is migrating from Arbitrum to ZKsync following an overwhelming community vote. Key Motivations: The move is driven by ZKsync’s superior scalability,

ZKsync Introduces Governance Model on Mainnet with Token Voting and Security Controls

TL;DR Decentralized Governance: ZKsync has launched a decentralized governance model on the mainnet, allowing the community to drive protocol updates through on-chain contracts. Three Governance Bodies:

ZkSync’s Crash: Active Users Drop 80% as Matter Labs Slashes Workforce by 16%

TL;DR Matter Labs reduces its workforce by 16% due to decreased demand for its ZKsync Era protocol. ZKsync’s activity has dropped from over 455,000 active addresses

Zksync in Freefall: Daily Active Addresses Down 66%, TVL Hits Lowest Since April 2023

TL;DR The Layer-2 platform ZKsync (ZK) has experienced a significant decline in network activity, with a 66% drop in daily active addresses. The number of daily

ZKsync Unleashes Elastic Chain with 3.0 Upgrade for Seamless Multi-Chain Transactions

TL;DR ZKsync has launched its 3.0 version along with the “Elastic Chain,” a crucial upgrade to enhance Ethereum’s interoperability and efficiency. The “Elastic Chain” aims to

Binance Lists ZKSync’s Token and Announces Airdrop Program Amid Sybil Measures

TL;DR Binance will include the ZKsync (ZK) token on its platform starting June 17, 2024, allowing trading in various pairs. More than 10.5 million ZK tokens

ZKsync Faces Backlash Over Token Distribution, TVL Plummets

TL;DR The announcement of ZKsync token distribution caused a drop in TVL to approximately $128 million, down from nearly $200 million. The community considered the distribution

ZKSync’s Anticipated ZK Token Airdrop is Finally Here: 3.7B Tokens to be Distributed Next Week

TL;DR Massive Airdrop Event: ZKSync is set to distribute 17.5% of its ZK token supply, amounting to nearly 3.7 billion tokens, in a significant airdrop to 695,232 wallets, marking one

Matter Labs Abandons ‘ZK’ Trademark Bid Amid Industry Backlash

TL;DR Matter Labs has ended its plans to trademark the “ZK” after strong criticism from the community and industry experts. The controversy arose when the company