The zkEVM World: An Overview of zkSync | Binance Research

The zkEVM World: An Overview of zkSync | Binance Research

Binance Research (Moulik Nagesh, Shivam Sharma)


DOWNLOAD THE FULL REPORT HERE

  • Matter Labs, the team behind zkSync Lite (a first-generation Ethereum zk-rollup), launched the first public zkEVM solution, zkSync Era. The launch represents an important milestone for the adoption of zkEVM technology.

  • zkSync Era has notable differences from its optimistic rollup counterparts (i.e., Arbitrum and Optimism). These differences relate to security, capital efficiency, and transaction costs.

  • zkPorter is an interesting, upcoming innovation by Matter Labs and is an off-chain data availability solution that complements the zkSync Era rollup. zkPorter offers a significant upgrade in transaction speed and cost to current solutions.

  • zkSync Era has attracted a significant amount of TVL and unique deposit addresses since their March mainnet, especially when compared to competitors.

  • Some of this activity is likely in relation to a long-rumored airdrop for zkSync.

  • StarkNet, Polygon zkEVM, Scroll, Taiko, and Linea are also working on (or have released) competing zkEVM solutions.

DOWNLOAD THE FULL REPORT HERE
Please feel free to share with us any feedback or suggestions you may have via this form

About Binance Research: Binance Research is the research arm of Binance, the world’s leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.

General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’forward looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.

Source link