ZkSync Makes Quick Entry into Layer-2 Competition

Ethereum layer-2 solution with mainnet launch in March to ZkSync The first on-chain data began 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

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

When the wallet distribution was examined, it was revealed that the number of users locking over $1,000 was low. This argument means that major 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 heading “account abstraction”.

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