🔥 ZKsync Era’s TVL Soars After ZKsync Ignite Goes Live
posted 7 Jan 2025
ZKsync Era, one of Ethereum's leading Layer 2 scaling solutions, is making waves in the DeFi space with its total value locked (TVL) skyrocketing past $190 million.
So, what’s driving this? A big part of the story is the ZKsync Ignite program, which is allocating a massive 300 million tokens to DeFi projects as part of its strategy to grow the ecosystem.
Launched on January 6, 2025, ZKsync Ignite has already started a wave of activity, with projects taking full advantage of the network's scalability, low transaction costs, and enhanced security.
ZKsync’s cutting-edge zero-knowledge proof technology - which makes transactions both private and efficient - has been a major draw for developers and users alike.
According to DefiLlama, ZKsync Era’s TVL has jumped by an impressive 74% over the past seven days. Leading protocols in the ecosystem include Sygnum Bank's Sygnum FIUSD Liquidity Fund, which focuses on tokenization, as well as decentralized exchanges like SyncSwap and Koi Finance.
Total Value Locked in zkSync Era. Source: DeFiLlama
The network is also getting props for its user-friendly onboarding, which makes navigating DeFi simple for both newcomers and seasoned users. These features have helped ZKsync Era stand out in the competitive Layer 2 space, putting it on par with giants like Arbitrum and Optimism.
In June 2024, ZKsync airdropped its native ZK token, adding more fuel to the ecosystem. Looking ahead, the project’s 2025 roadmap is focused on making the developer experience seamless and ensuring that users enjoy a Web2-like experience - fast, easy, and intuitive.
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