Scaling Solution For Blockchain to a Hyper Scalability

What Is zkSync Era?

zkSync Era is a layer 2 protocol which scales Ethereum with its cutting edge tech. Their aim is to increase the Ethereum throughput and maintain its foundational values.It has been growing with the exponential demand of the Web 3. The hype rscalablity of the blockchain like internet design is the ultimate goal of the protocol.zkSync era also focuses highly on the security of the network.

zkSync Era testnet has ran for a full year with 500,000 active accounts and nearly 9 Million transactions without having any issue.zk Sync Era security model guarantees 100%  of the security of  Ethereum. The protocol is EVM compatible with added security benefits. Their designs also allows for unlimited computation in the the each block enabling dapps to process more data on chain. zkSync Era also offers cheap storages compared to L1.

zkSync Era has over 5706850 committed blocks with 33734715 transactions which are growing fastly. Meanwhile,  Rocket Pool is empowering the users to stake on the zkSync dashboard. This move signifies that various protocols are moving towards the zkSync Era for a higher scalability. zkSync Era is seeing a strong adoption and can continue to grow in future.

A Look Towards zkSync Era Activities

zkSync has a total number of 824052 unique wallets with over 0.45 ETH bridged per user. The cumulative transactions of ETH mainnet has been seeing a surge exponentially. The total ETH bridged through the mainent is around 374021. Meanwhile, the total ETH deposited on the network has been seeing a surge from the past few weeks.

The total TVL of zkSync has been seeing a surge from the past few months.zkSync Era TVL has seen a surge from a low of $27 Million on Mar 30,2023 to a high of $160 Million. The number of ETH deposited on the zkSync platform contains 75% of 0.1 ETH deposited or less. 

zKsync depositing trend has been seeing a decline in the past few weeks. The number dapps on zkSync have been increasing day by day. The social engagements of the protocol has also been observing a strong trend.

Summary

zkSync Era airdrop has been one of the most number of topics on social media.The protocol saw a surge in the users and TVL from the past few months. zkSync can see a strong adoption and scale the ETH in the future.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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