Privacy as a Catalyst for Institutional Adoption, Says Matter Labs CEO
The rising popularity of privacy tools is driven not only by retail users but also by institutional interest, stated Matter Labs CEO Alex Gluchowski.ZKsync is a layer-2 scaling solution for Ethereum using zero-knowledge proofs.
Privacy as a Catalyst for Institutional Adoption, Says Matter Labs CEO
The rising popularity of privacy tools is driven not only by retail users but also by institutional interest, stated Matter Labs CEO Alex Gluchowski.
ZKsync Unveils Atlas Upgrade with 30,000 TPS
The team behind the L2 solution ZKsync has introduced the Atlas upgrade for the ZK Stack. This update aims to accelerate and simplify the transition of companies and institutions to blockchain technology.
ZKsync Reaches Agreement with Hacker for Return of $5 Million
The perpetrator who stole ZK tokens valued at approximately $5 million from the ZKsync airdrop smart contract has returned the funds within the deadline set by the project’s team. We’re pleased to share that the hacker has returned the funds within the safe harbor deadline. https://t.co/RarXl1ALVv — ZKsync (∎, ∆) (@zksync) April 23, 2025 On […]
ZKsync Faces Plunge After $5 Million Token Theft
The ZKsync security team has identified a breach of an administrative account, resulting in the interception of approximately $5 million worth of ZK tokens—these were unclaimed remnants following an airdrop.
ZKsync Halts Ignite Rewards Program Amid Bear Market Conditions
The DAO behind ZKsync has prematurely ended the Ignite rewards program as of March 17, citing bearish market conditions. ZKsync Ignite Program Update ? After careful consideration, the DeFi Steering Committee (DSC) has decided to not renew Ignite for Season 2 and will be sunsetting the program starting March 17th, 2025 by turning off rewards […]
Deutsche Bank to Launch Ethereum L2 Using ZKsync
Deutsche Bank plans to launch an Ethereum Layer 2 solution utilizing the ZKsync stack. This was reported by Bloomberg, citing Boon-Hiong Chan, the bank’s head of applied innovation in the APAC region. The initiative aims to address compliance challenges associated with public blockchains. The organization also intends to enhance efficiency and reduce operational costs. According […]
Matter Labs to Reduce ZKsync Developer Workforce by 16%
The CEO of Matter Labs, the company behind the ZKsync protocol, Alex Gluchowski, has announced a 16% reduction in staff.
Discord Channels of Avalanche and ZKsync Compromised to Promote Scams
The Discord servers of the Avalanche blockchain and the ZKsync layer-two network have fallen victim to malicious attacks. SECURITY ALERT: The official Avalanche Discord has been compromised. Please do not interact with any accounts or click any links until further notice. — Avalanche ? (@avax) August 25, 2024 On August 25, the Avalanche team reported […]
ZKsync Developers Unveil ‘Elastic Chain’ Architecture
The team behind the L2 solution ZKsync has unveiled a new ecosystem design, initiating a shift to an ‘elastic chain’ architecture, as reported by The Block. The update v24, launched on June 7, transforms ZKsync from a single ZK-rollup into a network of multiple chains. These blockchains are expected to feature functional interoperability and a […]
ZKsync Metrics Decline Following Airdrop
On June 17, the Layer 2 network ZKsync launched its native token, ZK, which initially boasted a market capitalisation exceeding $1 billion. However, key metrics of the project soon began to decline. The token showed positive momentum during the first few hours of trading. Yet, a downturn ensued, likely due to sustained pressure from airdrop […]
ZKsync Era’s Airdrop Fails to Revive Network Activity
The number of active addresses (7 DMA) in the ZKsync Era L2 network fell from 455,000 to 218,000 between late February and June 10, as noted by experts from The Block. The average daily number of transactions during this period decreased from 1.75 million to 512,000. On June 11, the ZKsync association confirmed the airdrop […]
41% of Major ZKsync Airdrop Recipients Have Sold Their Tokens
Data from Nansen reveals that 4,100 out of the 10,000 largest addresses receiving distributions from the L2 network ZKsync have sold all their ZK tokens. Proportion of wallets selling and holding ZK. Data: Nansen. An additional 29.2% have sold only part of their coins, while just over 30% of wallets are still holding their assets. […]We use cookies to improve the quality of our service.
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