mixed signals across the market today
$wlfi governance proposal for token tradability is sparking serious discussion - @cryptobeastreal and others pushing bullish narratives around the $50b potential, community voting now live
meanwhile $zk continues bleeding with voices like @MadMaxx_eth calling out the 347-day struggle. ecosystem fragmentation criticism mounting as users question what zkSync actually brings to the table beyond more forked projects
interesting contrast - one project building governance momentum while another faces existential questions about utility
4.32K
4
Horizen
Don’t mind John.
He’s just the Product Lead at @ZKVProtocol and @HorizenLabs casually whipping up 10 ZKP demos in his free time.
Following this one closely 👀
John Camardo
zk Twitter: zk is the future!
Me: Ok, where are the practical demos/products?
I spent the last couple weeks “vibe coding” to build out 10 practical zkp demos.
If you like dry humor and/or dangerous product experiments stay tuned!
Blog series incoming:
30.72K
1.67K
Ngọc Tuyên Crypto
After a few days of Bitcoin (BTC) being slightly green, it has returned to where it was, with a slight correction in BTC and Altcoins turning red hot!
Altcoins are always in a state of uncertainty, and most of the brothers holding Altcoins are completely discouraged, yet it still doesn't let up. 🤩🤩
It's been exactly 7 months of this, hasn't it, guys?
#Bitcoin #BTC #Ethereum #ETH #ZK #ZRO #STRK #Manta #OP #ARB #SUI #SEI #APT #PEPE #EIGEN #ONDO
Show original
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16
Victor Zhou🍊🛡️Namefi.io
Hey @elonmusk if you are founding a new @america party, can you use AI and blockchain to empower it?
1. Make information fully digitized
2. Accept donations on-chain so-as to disclose where its funding comes from and goes to.
3. Govern its primaries with Ranked-preference voting to avoid gerrymandering , use ZK for privacy and standardize with ERC-1202 for open integration so everyone can vote from various apps and locations.
4. Host Meet-your-Candidates and debates on Twitter Spaces and many other live-participation platforms instead of TV-format
Just a few ideas. What else do you think a new party could use?
Victor Zhou🍊🛡️Namefi.io
Happy USA Day. How do you celebrate it in the US? I am reading the Federalist Papers by Alexander Hamilton. It seems the forefathers and foremothers of the USA wanted to build it into a DAO, but they just didn't have a lot of good tools. In the 21st century, let's maybe revisit some of the plans.
1.21K
0
Ben
before you know it, no one is gonna care if your stack is zk, op, based, move, rust wtv
people are going to be looking at ui/ux, easy off/onramp, not having 10000 steps for security
simplify it to how our bank apps are so simple and easy to use
The current price of ZKsync is ₺1.8102. Over the last 24 hours, ZKsync has decreased by -3.63%. It currently has a circulating supply of 7,157,421,941 ZK and a maximum supply of 21,000,000,000 ZK, giving it a fully diluted market cap of ₺12.96B. At present, ZKsync holds the 100 position in market cap rankings. The ZKsync/TRY price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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ZKsync is a Layer-2 zero-knowledge (ZK) rollup designed to scale the Ethereum network and reduce the cost of transacting on the blockchain. ZK rollup, which underpins the platform, is a trustless protocol that allows validators to confirm a transaction's authenticity without revealing any information about the transaction. As a result, the protocol preserves user privacy and security on the network while supporting faster and cheaper transaction processing.
Built by Matter Labs, ZKsync is the first zkEVM (Ethereum Virtual Machine) chain. It's designed to "look and feel like Ethereum," according to the project team, to help simplify adoption. Meanwhile, just like Ethereum, smart contracts are written using the Solidity and Vyper smart contract languages, and can be called via the same clients as other EVM-compatible chains.
How does ZKsync work?
ZKsync adopts ZK technology, a cryptographic method used to confirm the proof of a statement while obscuring any information about the statement itself. Think of the technology like an identity card that confirms you're an adult without revealing your actual age, name, or any other personal details.
ZK rollups help to improve the scalability of the Ethereum blockchain by performing computation and state offchain. The solution bundles transactions together at Layer-2 before they're posted on Layer-1. This method allows users to benefit from all the security advantages of Ethereum's base network but with higher throughput and lower fees.
ZKsync is compatible with EVM, and almost every smart contract written for EVM will be supported by the platform. That means most projects can be migrated over to the network with little to no modification.
Why is ZKsync significant?
ZKsync helps to address one of the most pressing limitations of the Ethereum network — scalability. Ethereum's relatively limited transaction throughput can lead to network congestion during periods of high demand, an issue that's only compounded as more users adopt the network. Meanwhile, congestion can lead to high gas fees, making transactions and interactions with decentralized applications costly. High latency is another challenge impacting the network's performance, as transactions are typically confirmed in a relatively slow 13 to 15 seconds.
ZKsync's use of ZK technology helps to ease these limitations while providing a platform that retains Ethereum's robust security and familiar usability. In theory, this should incentivize more developers to adopt Ethereum, strengthening the network's appeal at a time when competing solutions continue to launch.
ZK price and tokenomics
The ZK token has a total circulating supply of 21 billion. In June 2024, an airdrop was completed to distribute 17.5% of the token's supply to the project's community. Of the approximately 3.6 billion tokens reportedly airdropped to 695,232 wallets, 89% went to those who'd transacted on ZKsync — although the exact criteria wasn't announced — with 11% going to ecosystem contributors. This included ZKsync native projects, onchain communities, and builders. Meanwhile, 49.1% of the ZK supply will reportedly be distributed through "ecosystem initiatives", while 17.2% will go to investors and 16.1% will be allocated to Matter Labs members.
Due to a lack of liquidity, no ZK price was available as of the June 2024 ZK token airdrop. However, based on existing pre-launch futures available on Aevo, ZK perpetuals look to be trading at about $0.22.
About the ZKsync founders
ZKsync was developed by Berlin-based blockchain developer Matter Labs. The company was founded in 2018 by Alex Gluchowski and Alex Vlasov, and first deployed ZKsync to a closed testnet in December 2021. The platform was made publicly available on the mainnet on March 24, 2023.
The Matter Labs team, comprised of engineers, researchers, and technical experts, has made clear its focus on redrawing the limits of blockchain scalability through zk technology and open source developments. The organization is working towards the mainstream arrival of public blockchains, and is backed by numerous major players in the space, including the Ethereum Foundation.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 3.3K new posts about ZKsync, driven by 2.1K contributors, and total online engagement reached 176K social interactions. The sentiment score for ZKsync currently stands at 81%. Compared to all cryptocurrencies, post volume for ZKsync currently ranks at 2306. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of ZKsync.
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Posts
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Contributors
2,126
Interactions
176,406
Sentiment
81%
Volume rank
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Posts
3,084
Interactions
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82%
ZKsync FAQ
How much is 1 ZKsync worth today?
Currently, one ZKsync is worth ₺1.8102. For answers and insight into ZKsync's price action, you're in the right place. Explore the latest ZKsync charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as ZKsync, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as ZKsync have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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