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- The crypto community eagerly anticipates the upcoming airdrop from the ZkSync project, a significant event in the decentralized finance sector.
- ZkSync, a zero-knowledge (ZK) community, has hinted that the distribution of its governance token via airdrop is scheduled for the end of June.
- “This airdrop represents a pivotal moment for ZkSync and its supporters,” noted a key developer from the ZkSync team.
Explore the upcoming ZkSync airdrop, a major event set to enhance user engagement and expand the platform’s decentralized governance.
Anticipated Release of Governance Tokens
The ZkSync community has been abuzz since last March when investors transferred over $8 million in tokens to the platform, qualifying for the forthcoming airdrop. Since then, the total value locked (TVL) on the platform has surged to $141 million, as reported by DefiLlama.
Final Protocol Upgrade Before Governance Transition
The soon-to-be-released v24 is the final planned protocol upgrade before the network’s governance is handed over to the community. ZkSync has indicated that the remaining components are expected to be in place by the end of June.
Impact of Ethereum’s Dencun Upgrade on Layer-2 Networks
Following Ethereum’s Dencun upgrade in March, transaction fees have significantly decreased. This upgrade has enabled Layer-2 networks like zkSync to compress transactions before sending them to the Ethereum mainnet, resulting in cost savings.
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Financial Backing and Future Developments
Matter Labs, the developers behind zkSync, have raised a total of $458 million across various funding rounds, showcasing strong financial backing and confidence in the project’s future.
Conclusion
The upcoming ZkSync airdrop not only marks a significant milestone in the platform’s development but also highlights the growing trend of Layer-2 solutions enhancing the scalability of Ethereum. As the community awaits the final protocol upgrade and the official airdrop, the future looks promising for ZkSync’s role in decentralized finance.
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