《On ETHS Pump》
1. ETHS pumped hard.
2. The last official Twitter update was on April 10, over a month ago.
3. Suddenly announced that EF gave a grant.
4. This expansion actually disproves it.
5. Almost no one uses it, and it's been over a year.
6. The ETHS pump was very unexpected.
7. The market makers have been neglecting it for way too long.
8. Should we chase ETHS? After all, my initial cost was negligible.
9. From a scaling solution perspective, it's cheap.
10. That's also why the last wave could pump so high.
11. Scaling solutions need to be implemented.
12. Now everyone knows this solution is niche and difficult to execute.
13. Headache.
14. Now it's being repositioned.
15. Changed its name to Unstoppable Rollup.
16. This name change is quite significant.
17. What's the characteristic of rollups? They're expensive.
18. It could easily cost tens of billions.
19. ARB is currently at $4 billion.
20. ZK is struggling at $1.45 billion.
21. ETHS is at $20 million.
22. Apart from EF's investment, it's all old stories.
23. Old stories with a new name.
Show original
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_gabrielShapir0
ZKsync is cooking
ZKsync (∎, ∆)
1/ Wonder is live on mainnet: a ZKsync Chain by @WonderFiLabs making onchain finance accessible to its over 1.7M users.
Launched by @WonderFi, Canada’s largest regulated crypto platform, Wonder brings gasless UX & institutional-grade infra to its established user base. 🧵
3.29K
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Bobbin Threadbare
Agreed! Though, I think this is just a part of it. Business like Coinbase will always need to keep some amount of PII for normal business operations.
The solution here is to make self-custody simple and safe enough so that there are no large honeypots to bribe/hack your way into
Uma Roy
The best way to not leak personal data is for orgs to not have it in the first place.
ZK allows KYC/compliance without sharing of sensitive information.
Incidents like these will catalyze ZK adoption—privacy is not just ideological but also reduces risk for businesses.
3.41K
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Cheryl Chan and reposted
Uma Roy
The best way to not leak personal data is for orgs to not have it in the first place.
ZK allows KYC/compliance without sharing of sensitive information.
Incidents like these will catalyze ZK adoption—privacy is not just ideological but also reduces risk for businesses.
Coinbase 🛡️
Cyber criminals bribed and recruited rogue overseas support agents to pull personal data on <1% of Coinbase MTUs. No passwords, private keys, or funds were exposed. Prime accounts are untouched. We will reimburse impacted customers. More here:
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ZKsync (∎, ∆)
1/ Wonder is live on mainnet: a ZKsync Chain by @WonderFiLabs making onchain finance accessible to its over 1.7M users.
Launched by @WonderFi, Canada’s largest regulated crypto platform, Wonder brings gasless UX & institutional-grade infra to its established user base. 🧵
The current price of ZKsync is $0.067930. Over the last 24 hours, ZKsync has increased by +2.32%. It currently has a circulating supply of 3,675,000,000 ZK and a maximum supply of 21,000,000,000 ZK, giving it a fully diluted market cap of $247.77M. At present, the ZKsync coin holds the 120 position in market cap rankings. The ZKsync/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX 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 does not guarantee any return, repayment of principal or interest. OKX 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.
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 and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX 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.
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 1.8K new posts about ZKsync, driven by 1.3K contributors, and total online engagement reached 185K social interactions. The sentiment score for ZKsync currently stands at 79%. Compared to all cryptocurrencies, post volume for ZKsync currently ranks at 2489. 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
1,792
Contributors
1,269
Interactions
185,341
Sentiment
79%
Volume rank
#2489
X
Posts
1,614
Interactions
175,926
Sentiment
80%
ZKsync FAQ
How much is 1 ZKsync worth today?
Currently, one ZKsync is worth $0.067930. 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.
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 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 does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. 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 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 and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX 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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