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Polkastarter Reports TVL of zkSync Reaching $65 Million

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It is reported that the decentralized start-up platform Polkastarter said on social media that the TVL of zkSync, an Ethereum two-layer network based on ZK Roll

Polkastarter Reports TVL of zkSync Reaching $65 Million

It is reported that the decentralized start-up platform Polkastarter said on social media that the TVL of zkSync, an Ethereum two-layer network based on ZK Rollup, has reached 65 million dollars, the development company of zkSync, Matter Labs, has completed a financing of 458 million dollars, and Blockchain Capital has led the investment of 200 million dollars. In addition, the zkSync public test network has been launched and there are rumors of air drop, but there is no zkSync token yet.

ZkSync development company Matter Labs completed US $458 million financing

Analysis based on this information:


Polkastarter, a decentralized start-up platform, recently announced on social media that the total value locked (TVL) of zkSync has reached $65 million. zkSync is an Ethereum two-layer network based on ZK Rollup, which allows for more efficient and cost-effective transactions on the blockchain. This increase in TVL is a significant milestone for the development company of zkSync, Matter Labs, who recently completed a financing round of $458 million, with Blockchain Capital leading the investment of $200 million.

The launch of the zkSync public test network marks the next step in the development of the platform, and there are rumors of an air drop in the near future. It is important to note that currently, there is no zkSync token available.

This news highlights the growing popularity and importance of ZK Rollup technology in the world of decentralized finance. ZK Rollup allows for a large number of transactions to be bundled into one, reducing the strain on the Ethereum main network and decreasing gas fees. In addition, ZK Rollup ensures the privacy of transactions, making it an attractive option for those concerned about security.

The recent financing round for Matter Labs and the increase in TVL for zkSync demonstrate the demand for this technology and the potential it holds for the future of finance. With the launch of the public test network, the platform is one step closer to wide-scale adoption and implementation.

Overall, this news is significant for those interested in the development of blockchain technology and decentralized finance. The increasing use and popularity of ZK Rollup and platforms such as zkSync demonstrate the potential for a more efficient, cost-effective, and secure financial system.

Some possible future directions for this technology include increasing interoperability between different blockchain networks and further reducing transaction fees. Companies like Matter Labs and investors like Blockchain Capital recognize the potential value of these developments and will likely continue to invest in the future of decentralized finance.

In summary, the news of zkSync’s TVL reaching $65 million highlights the growing importance of ZK Rollup technology and its potential for revolutionizing finance. The recent financing round and launch of a public test network demonstrate the increasing interest and demand for this technology, promising a bright future for decentralized finance.

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