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.

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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.