ZKSync's native token ZK has been online for one week: the currency price plummeted by more than 40% and the market value was almost halved.

This site (120Btc.coM): Ethereum Layer 2 expansion solution ZKSync officially launched the native token ZK on June 17, and issued token airdrops to early users and adopters. It has been one week since its launch. The popularity of "novelty" has gradually faded away. The price of the ZK token has plummeted by more than 40%, the market value has almost halved, and the number of active addresses and transaction popularity have shrunk significantly. According to foreign media "TheBlock", the market value of the ZK token was US$1 billion when it was launched. Although it once rose to US$1.116 billion on the first day of trading, due to users' continuous selling after receiving airdrops, and the overall cryptocurrency The poor market conditions have caused the market value of ZK to decline in recent days. As of the time of writing, the market value of the ZK token is approximately US$600 million, while the fully diluted valuation (FDV) is US$3.5 billion, a 40% drop from when the token was first launched; and the token price It also plummeted 44% from $0.2998 to the current $0.1658. Looking back at the week before the ZK token was launched, the number of new addresses on the ZKsyncEra chain was relatively stable, with an average of about 7,000 new addresses added every day. On the day the ZK token was listed, the number of new addresses suddenly surged to 18,000. On the second day, it surged by 76% to 31,800, and on the third day it increased by another 12% to 35,800.

At the same time, ZKsyncEra’s 7-day moving average number of transactions hit a three-month high on the day the ZK token was listed, with a total of more than 1.8 million transactions processed. This was obviously caused by users flocking to receive airdrops, but this grand occasion was not Unable to continue, the number of transactions on the chain plummeted by 37% the day after ZK was launched, and then dropped by 32% on the third day. ZKsyncEra’s 7-day moving average number of active addresses also shows drastic changes. On the day the ZK token was listed, the number of active addresses reached a historical high of nearly 675,000, but just three days later, the number of active addresses was cut in half. This suggests that the spike in the number of active addresses may be due to dormant addresses suddenly becoming active to claim airdrop tokens.

The above is the detailed content of ZKSync's native token ZK has been online for one week: the currency price plummeted by more than 40% and the market value was almost halved.. For more information, please follow other related articles on the PHP Chinese website!