Search results for: zksync

With multiple Layer 2 solutions fighting for the top spot, zkSync and Arbitrum have been showing the most growth. Polygon and Optimism fall behind as other protocols start to take the lead.

Optimism gets overtaken by the zkSync protocol in terms of gas usage. Interest in NFTs declines as daily active users start to fall.

The L2 project had the task of helping retrieve ETH stuck in its ecosystem. zkSync’s TVL continued to increase. zkSync, the layer two scaling solution for Ethereum [ETH], was again faced with another challenge after the Gemholic ecosystem ran into a problem. Gemholic operates under the zkSync protocol, and had 921 ETH, a proceed ofContinue reading “zkSync and its efforts to recover 921 ETH: The how and why of it all”

Polygon and zkSync both witnessed a spike in their TVL. However, the number of depositors on both protocols start to fall. The zkEVM sector has been on the receiving end of a lot of activity with both Polygon and zkSync seeing a surge in interest. Polygon‘s recent forray into the  zkEVM space worked as oneContinue reading “Polygon and zkSync capitalize on zkEVM hype, but this is why things could go south”

zkSync Era experienced block failure just over a week after its launch. The team resolved the issue in five minutes, introduced alerts, and plans to decentralize the platform while TVL surges. The much-anticipated launch of the ZkSync Era on 24 March was expected to revolutionize Ethereum transactions by introducing a new dimension. However, over aContinue reading “zkSync Era faces block production failure, resumes with increased TVL”

With the zkSync Era launch, all users can build on the network and bridge funds to the system. 9% of the total number of transactions on zkSync were generated over the last week. After four years of development, rigorous testing, multiple security audits and bug bounty programs, Ethereum’s [ETH] layer-2 solution, zkSync Era, was fullyContinue reading “zkSync Era goes live to become world’s first zkEVM mainnet; users await AirDrop”

Addresses on layer two protocols without tokens yet increased interaction with projects. While StarkNet was planning a token distribution, zkSync remained unsure. Over the last few months, layer two (L2) protocols on the Ethereum [ETH] blockchain have gained noteworthy recognition. Needless to say, a project like Optimism [OP] sustained being the star among many. ItContinue reading “Ethereum [ETH]: Investors return to L2 bridges; zKSync, StarkNet addresses swell”