What is the chain of zkSync Era? What are the characteristics of the zkSync Era project?

Speaking of zkSyncEra, we have to mention its basic chain zkSync. zkSync is a Layer 2 extension solution on Ethereum that aims to improve the scalability of the Ethereum network, reduce transaction fees, and use zero-knowledge proofs. To improve transaction speed, what chain is the upgraded zkSyncEra? zkSync Era is actually a public chain and the development stage of zkSync. zkSyncEra is a blockchain ecosystem based on zkSync technology, aiming to achieve high-performance, low-cost smart contracts and blockchain applications. The following editor will give you a comprehensive introduction to this public chain.

What chain is zkSync Era?

zkSync Era is a completely open source public chain that allows free viewing, modification and forking of the code. Now, zkSync2.0 has been upgraded to zkSyncEra, and zkSync1.0 has become zkSync Lite. Transaction costs have been reduced by 50 times compared to before, and surpassed Ethereum at a speed of 2,000 transactions per second. zkSyncEra's high efficiency and low price have attracted great attention from capital, and it is developing rapidly.

In the weeks since the release of the zkSync Era and PolygonzkEVM, the zkSync ecosystem has experienced rapid growth. As of the end of Q1, the total locked value of the zkSync ecosystem was approaching $200 million. BitKeep has launched the zkSyncEra mainnet to support the Swap one-click redemption function. Users can experience the zkSync Era ecosystem through BitKeep. In addition, BitKeep will soon launch a gas loan transaction function to provide users with a more convenient transaction experience.

zkSync is a protocol using zk-rollup technology, aiming to achieve low-cost transactions and faster confirmation times by achieving high-performance scaling on the Ethereum mainnet. zkSyncEra is built on the zkSync protocol, which further improves transaction speed, scalability and economy. zkSyncEra is widely used in DeFi, cross-chain bridges, NFT and other fields.

What are the zkSync Era projects?

Currently popular projects include SpaceFi, Nexonfi, Syncswap, Orbiter Finance and other projects. The following is a detailed introduction to these projects:

1. SpaceFi

SpaceFi is a project based on EVM and zksync cross-chain web3 platform focuses on solving issues such as asset cross-chain and interoperability. Partner with Celestia to provide modular solutions for the EVM ecosystem. SpaceFi’s product features include Defi, NFT, and space bases. Currently, SpaceFi’s locked position reaches US$7.8 million.

As a Web3 cross-chain application platform, SpaceFi also immediately supported zkSyncEra and launched DEX, Farm, PlantNFT and other products on March 28.

2. Nexonfi

As a lending agreement, according to its official website, it currently only supports Ethereum and USDC lending, and the interest rate for lending USDC is as high as 6.7%

White paper It also clearly states that token holders will receive dividends from their agreement, and the token economic model also clearly states that 61% will be used as community incentives. There is currently no currency issued, and lending projects are often star projects on the Internet. As the first lending agreement on the zkera network, everyone can continue to follow up.

3. Syncswap

Syncswap is a decentralized exchange that handles spot goods. Currently, the amount of locked positions ranks first on the Internet with 37.7 million US dollars. The key point is that it has not issued coins yet. ,

Its main features include: supporting multiple AMM algorithms, highly customizable handling fees, and GasRefund functions. The project is still in a very early stage, but it is already the leading project of the zkSyncEra network. It has a leading effect and can maintain focus.

4. Orbiter Finance

OrbiterFinance is a decentralized Rollup cross-chain bridge that helps Ethereum native assets be transferred instantly between L1 and L2. Cross-chain bridges allow different blockchains to interact without restricting users to activities on the same block. For example, OrbiterFinance bridges funds from the Ethereum L1 blockchain into the environment of zkSyncL2, which can be done at a lower cost before bridging these valuable assets back to L1. The emergence of cross-chain bridges helps users participate in more interactions with applications, services, and options, avoiding inaccessibility.

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