ZK chains are modular rollups and validiums powered by ZKsync that can be added or expanded to handle increased transaction volume. The first ZK chain, ZKsync Era, is a Layer-2 zero-knowledge rollup on Ethereum. The ZK token allows token holders to participate in protocol governance and pay for network fees.

ZK is the native utility and governance token of zkSync, a Layer 2 scaling solution for Ethereum that utilizes zero-knowledge rollups. zkSync is designed to improve transaction throughput and reduce gas fees on Ethereum while maintaining the mainnet’s decentralized security. By bundling multiple transactions into a single batch, zkSync helps streamline blockchain interactions and and aims to make Ethereum more accessible for both users and developers

ZK is used within the zkSync ecosystem for governance, allowing token holders to vote on protocol upgrades and key decisions affecting the platform’s future. The token can also be staked by validators to participate in transaction processing, supporting the platform’s consensus mechanism. Additionally, ZK incentivizes contributors who help maintain the network and developers who build applications within the zkSync environment.

ZK is primarily used for governance within zkSync, enabling holders to participate in decision-making processes related to protocol development. Stakers can contribute to network operations and earn rewards, supporting zkSync’s operational stability. The token’s utility in incentivizing ecosystem participants also extends to developers who are rewarded for building dApps on zkSync, further expanding its functionality.

zkSync was created to address Ethereum’s scalability issues through zero-knowledge rollups, enhancing transaction speed and cost-effectiveness. The introduction of the ZK token decentralizes zkSync’s governance and creates an incentive structure for active participation from both users and developers. As an Ethereum Layer 2 solution, zkSync continues to drive innovation in scalable blockchain infrastructure.

We update our ZKsync to GBP currency in real-time. Get the live price of ZKsync on Coinbase.

The current market cap of ZKsync is £132.81M. A high market cap implies that the asset is highly valued by the market.

The all-time high of ZKsync is £0.2059. This all-time high is highest price paid for ZKsync since it was launched.

Over the last 24 hours, the trading volume of ZKsync is £13.799M.

Assets that have a similar market cap to ZKsync include Theta Network, Falcon Finance, Fluid, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of ZKsync is 9.2 billion.

ZKsync ranks 221 among tradable assets on Coinbase. Popularity is currently based on relative market cap.