Crypto NewsAltcoinZkSync Makes a Fast Entry into Layer-2 Competition

ZkSync Makes a Fast Entry into Layer-2 Competition

The Ethereum layer-2 network ZkSync, whose mainnet launched last month, has already reached half a million users.

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The first on-chain data on the Ethereum layer-2 solution ZkSync, which launched its mainnet in March, has begun to emerge. After overcoming some of the problems experienced in the first days, users show great interest in the L2 network.

Deposits Reach Quarter Billion Dollars

According to the latest chart shared by on-chain data tracker L2Beat, the total amount of deposits locked by crypto lovers using ZkSync technology has exceeded $ 250 million.

When the wallet distribution was examined, it was revealed that the number of users locking over $1,000 was low. This argument means that big players haven't logged into ZkSync yet.

User Stream to ZkSync!

Another blockchain follower, Nansen, focused on the number of users. According to Nansen, crypto-lovers using ZkSync have already surpassed 450 thousand.

Analysts have found that almost half of wallets that benefit from layer-2 bridge technology are younger than 1 month. Nansen interpreted this as a parallel interest in airdrop expectations.

While the number of daily users logging into the zkSync Era mainnet was around 40 thousand in the first days, unfortunately this momentum could not be maintained. Experts shared that the daily number of newcomers to the network is around 5,000 on average.

The leading Ethereum layer-2 solution, ZkSync, will soon have a new development under the title "account abstraction".

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