zkSync Boosts Over 100,000 Bridging Users In Just 2 Weeks

Key Points:

• zkSync Era has seen a significant increase in just the past two weeks.
• The number of bridging users has exceeded 800,000.
• The current total value of bridging storage is 245,838 ETH.

zkSync Era, the first zkEVM platform open to all Ethereum users, has achieved impressive results since its launch.

According to the latest data from Dune Analytics, the number of zkSync bridging users has increased.

At the time of writing, this indicator has exceeded 800,000, reaching 802,144. It is currently the Ethereum Layer 2 network with the largest number of bridging users. The current total value of bridging storage is 245,838 ETH.

Historical data shows that the number of zkSync bridging users exceeded 700,000 on March 26, which means that the number of new bridging users exceeded 100,000 in the past two weeks.

zkSync Era is the first Ethereum Virtual Machine zk-Rollup to launch on the mainnet, allowing most compatible Ethereum dApps to simply roll over with very little change. Its competitor StarkWare is also using a bespoke language called Cairo to enhance its solution.

Account Abstraction will be supported by zkSync Era from the start. This is a new improvement given to Ethereum last month that allows cryptocurrency wallets to be turned into smart contracts, hence simplifying wallet usage when activities that were previously done by hand may now be pre-programmed.

zkSync has also enabled native account abstraction, which means that every account in the network is a “smart account” capable of using two-factor authentication (2FA), social media recovery, automatic transaction payments, and other features provided by smart contract wallet providers such as Argent. This helps attract more users to the project.

However, it still has many limitations when it has just been released. Era is not bytecode compatible with EVM, resulting in 921 ETH currently stuck in GemstoneIDO. Matter Labs, the company behind zkSync, said that if the contract had been evaluated first on a testnet, the issue might have been averted.

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Harold

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