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Airdrop

Rumor: zkSync Airdrop Imminent With Hint Of Token Launch

May 17, 2024 - Around 2 mins mins to read

Key Points:

  • zkSync plans a governance token airdrop for community governance.
  • zkSync offers less costly transactions through off-chain storage.
  • Matter Labs, zkSync’s developer, has raised over $450 million.
Rumor has it that zkSync, an Ethereum scaling solution, may drop a governance token soon. With its TVL hitting $141M, whispers of “zkSync airdrop” are growing louder.

zkSync, an Ethereum scaling solution, has indicated a potential governance token airdrop, possibly by end of June.

zkSync Airdrop Expected as Part of Decentralization Efforts

The firm has given priority to decentralization, particularly since supporting EIP4844 in March. A forthcoming v24 protocol update is forecasted to transition network governance to the community.

zkSync has been wrestling with complex technological and legal systems to establish a decentralized network. Its goal extends beyond being merely another layer-2 network; it also seeks to aid in the construction of a user-owned, verifiable internet, potentially accommodating billions of users.

In March, investors transferred over $8 million worth of tokens to zkSync, anticipating an airdrop. According to DefiLlama, the total value locked (TVL) has since escalated to $141 million.

Rumor: zkSync Airdrop Imminent With Hint Of Token Launch

Readmore: Pyth Grants $50 Million In PYTH To Stimulate Ecosystem Growth

zkSync’s Impact on Ethereum Scaling and Transaction Costs

zkSync’s approach to Ethereum scaling enables less expensive transactions through computational and data storage off-chain.

Such an approach proved beneficial after Ethereum’s Dencun upgrade in March, which allowed layer-2 networks like zkSync to compress transactions prior to batch sending them to the Ethereum mainnet.

The introduction of a governance token is part of a series of airdrops over the previous year, designed to incentivize early adopters as opposed to conducting conventional token sales.

zkSync’s developer, Matter Labs, has accumulated a total of over $450 million from a range of funding rounds, receiving backing from significant organizations like Blockchain Capital and Dragonfly Capital.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Zksync

zkSync Airdrop

zkSync Era Airdrop

zkSync Mainnet v24

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
Airdrop

Rumor: zkSync Airdrop Imminent With Hint Of Token Launch

Key Points:

  • zkSync plans a governance token airdrop for community governance.
  • zkSync offers less costly transactions through off-chain storage.
  • Matter Labs, zkSync’s developer, has raised over $450 million.
Rumor has it that zkSync, an Ethereum scaling solution, may drop a governance token soon. With its TVL hitting $141M, whispers of “zkSync airdrop” are growing louder.

zkSync, an Ethereum scaling solution, has indicated a potential governance token airdrop, possibly by end of June.

zkSync Airdrop Expected as Part of Decentralization Efforts

The firm has given priority to decentralization, particularly since supporting EIP4844 in March. A forthcoming v24 protocol update is forecasted to transition network governance to the community.

zkSync has been wrestling with complex technological and legal systems to establish a decentralized network. Its goal extends beyond being merely another layer-2 network; it also seeks to aid in the construction of a user-owned, verifiable internet, potentially accommodating billions of users.

In March, investors transferred over $8 million worth of tokens to zkSync, anticipating an airdrop. According to DefiLlama, the total value locked (TVL) has since escalated to $141 million.

Rumor: zkSync Airdrop Imminent With Hint Of Token Launch

Readmore: Pyth Grants $50 Million In PYTH To Stimulate Ecosystem Growth

zkSync’s Impact on Ethereum Scaling and Transaction Costs

zkSync’s approach to Ethereum scaling enables less expensive transactions through computational and data storage off-chain.

Such an approach proved beneficial after Ethereum’s Dencun upgrade in March, which allowed layer-2 networks like zkSync to compress transactions prior to batch sending them to the Ethereum mainnet.

The introduction of a governance token is part of a series of airdrops over the previous year, designed to incentivize early adopters as opposed to conducting conventional token sales.

zkSync’s developer, Matter Labs, has accumulated a total of over $450 million from a range of funding rounds, receiving backing from significant organizations like Blockchain Capital and Dragonfly Capital.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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