zkSync Era mainnet launched, understand its unique architecture and ecological applications in one article

On March 16, Arbitrum officially announced that it would distribute airdrop incentives to the community, which aroused widespread concern in the market and allowed many people to get on the train of wealth. Seeing that the Arbitrum airdrop has become a reality, the market has turned its attention to zkSync and StarkNet, Ethereum L2 expansion solutions that have not yet issued coins. According to 0x Scope, after Arbitrum announced the airdrop, the number of daily active addresses on zkSync and StarkNet both increased by about 10 times. In addition, in the early morning of March 24, zkSync official and its ecological application both released a tweet with a specific time, which aroused the imagination of the community.

On the evening of March 24, zkSync officially revealed the answer, announcing the launch of the zkSync Era Alpha mainnet, which is open to all users. According to data from Dune Analytics, zkSync had a weekly transaction volume of approximately 2,025,135 transactions, and the 7-day average transaction volume hit a record high. The current total transaction volume has exceeded 20 million. The FOMO sentiment is evident. In this article, PANews will give you a detailed explanation of the current status of the zkSync Era mainnet and its ecological applications that have already been launched.

The parent company of zkSync is Matter Labs, which completed a US$3 million Series A and US$50 million Series B financing in March and November 2021. The Series B financing was led by a16z. In November 2022, $200 million in Series C financing will be completed, led by Blockchain Capital and Dragonfly. Its total funding amounted to $458 million (including a $200 million eco-fund) at an undisclosed valuation. Steve Newcomb, chief product officer of Matter Labs, once said that 1/3 of the tokens will be allocated to Matter Labs employees and investors, and the remaining tokens will enter the zkSync ecosystem.

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Four unique architectures of zkSync Era

According to zkSync blog information, the zkSync Era network passed a year of testing before the mainnet launch, and conducted multiple security audits, public competitions and bounties, costing a total of $3.8 million, while adding independent monitoring and risk mitigation mechanisms. And the security mechanism will continue as usual until the end of the Alpha stage. Compared with the zkSync Lite network, zkSync Era has updated 4 architectures:

One is that the zkSync Era network directly uses local abstract accounts, so that any account on Era can use any token to pay fees, and even trade with zero fees on protocols that are willing to subsidize usage.

The second is building the first LLVM-based compilers for EVM languages ​​(Solidity, Vyper, Yul). LLVM is the most mature compiler stack in the world and will bring huge performance and developer experience improvements to the ecosystem.

The third is to bring advantages such as data compression, more frequent oracle updates, cheap privacy, and seamless off-chain storage expansion to the system by publishing state differences instead of transaction inputs.

The fourth is the super scalable super chain. Hyperchain is a fractal-like instance of zkEVM that runs in parallel on the L1 mainnet with a common settlement. Anyone can deploy their own hyperchain with custom consensus, validator sets, or data availability - but they will all inherit security and finality from the underlying L1. Hyperchain will be implemented following a modular approach - similar to Cosmos or Substrate's Hyperchain SDK framework, where developers can individually select different components of their blockchain or implement their own.

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zkSync Era ecological application

According to the information on the zkSync official website, there are currently over 240 ecological applications based on or about to be deployed on the zkSync chain. Its applications include DeFi, Gamefi, infrastructure, social, public goods and other types. Here PANews will introduce the applications that have been deployed on the zkSync Era network.

Argent

Official website:

Official website:https://www.argent.xyz/

Mute

Official website:

Official website:https://app.mute.io/swap

Trustless Protocol

Official website:

Official website:https://www.trustless.fi/

mintsquare

Official website:

Official website:https://mintsquare.io/zksync

Tevaera

Tevaera is a decentralized and gamified metaverse where players can build and manage digital and monetized islands and play fun arcade games. The Tevaera ecosystem has two core products: Teva Games, on-chain game infrastructure - Teva Core, Teva Chain, Teva Dex, and Teva Market. Teva Core is a multiplayer framework that is smart and modular for game studios. Teva Chain is an L3 game super chain based on zkSync, Teva DEX promotes the play and earn economy, and Teva Market completes NFT transactions and pledges.

Official website:

Official website:https://tevaera.com/

SpaceFi

Official website:

Official website:https://app.spacefi.io/#/home

Rhino

Cross-chain bridge

Official website:https://rhino.fi/

Cross-chain bridge

Summarize

Official website:https://bridge.zksync.io/

Summarize

According to the interview information of the CEO of Matter Labs, the tokens of the zkSync network will not be launched in the short term, and the tokens will be launched after the decentralization is completed. Therefore, for users who have recently played game airdrops, the FOMO sentiment at this time has caused their network Gas to be high and their product experience to decline, so there is no need to rush for a while.

From the official perspective of Matter Labs, the zkSync network currently does not have many popular native applications, and the main network has not undergone extensive user testing. It is not in line with the timing or interests in the short term. Judging from the disclosed ecological applications, most of them are currently the application migration of the Ethereum main network or other networks, and there are very few native applications. When users interact, they may focus on applications that have not yet issued tokens, or they may kill two birds with one stone.

Finally, PANews reminds users that zkSync Era is currently in the Alpha stage, and its risks are still unknown, so please control the amount of funds when using the interaction. At the same time, the ecological project is in the early stage, and good and bad people are mixed. When using the product, you need to look for the official website to prevent assets from being damaged.