The Layer 2 market situation has changed suddenly. How can zkSync not fall behind?
Original author: Haotian (X: @tmel0211)
In the past, Blast launched a vampire-style attack, and later Starknet launched Tokenomics ultimate move to stimulate excitement. Although zkSync officials still looked calm,Judging from the comprehensive environment of technological progress, competitive environment, market status, community expectations, etc., zkSync has to passively make some changes.Next, I will share my personal judgment:
1) In the short term, Blast, the “pseudo Layer 2”, has indeed brought vitality to the entire Layer 2 market. Judging from TVL data, zkSync has bid farewell to its downward trend and has grown steadily to nearly US$600 million. Other Layer 2 platforms, Linea and Mantle , Scroll, Aevo and other overall data have increased.
This shows that Blast is not a vampire but more like a catfish, which has caused a large number of Layer 2 rookies, especially zkSync, to receive the power of awakening; after all, with a halo above their head, the longer they do nothing for a long time, they will suffer the corresponding backlash.
2) It was originally expected that zkSyncs technology could gradually open up key components such as core Sequencer and Prover, Validator. According to the original expectations, this would be a necessary condition for zkSync to issue tokens.
Looking at it now, the technological progress of ZK-Rollup can no longer form a drive force on the market. There is a high probability that zkSync will no longer regard technological breakthroughs as its core selling point, but will instead gnaw on the hard nut of ecology;
The market has become desensitized to the technical narrative of ZK-Rollup and OP-Rollup. Few people care about whether OP-Rollup truly has Battle-tested challenges. Whether Sequencer is decentralized is no longer the focus of discussion. Correspondingly, ZK- The sophistication of the Prover system that Rollup is proud of, the advantages of EVM equivalence, and other advantages that were originally talked about can only be kept silent in the face of the bleak market and ecology.
3) In terms of ecology, zkSync’s subdivided ecology is far more urgent than the official one.As I said in a previous article, zkSync will and must do its best to support the emergence of a top-level Derivative platform.Now it seems that the Derivatives track is gradually becoming more lively.
After a lapse of January, Holdstation couldnt help but launch a Token incentive activity, and as a result, its average daily trading volume of Derivatives climbed to more than 20M, APY climbed to a maximum of 69%, and Fees reached 200,000 US dollars on the 30th. Its Tokenomics is forming a Flywheel model in which Gas subsidizes users, attracts users to trade, accumulates more Fees, and subsidizes more users.
What I am personally impressed about is that Holdstation relies on the AA account abstract wallet and uses the core Paymaster+Batch transaction function to implement Gas subsidies for platform users. This idea is exactly the same as the token rebate strategy implemented by Starknet, which is about to issue tokens.
In fact, the Paymaster function in the account abstraction function is naturally conducive to the implementation of a series of operational incentive strategies, which seems to be of great help in solving the problem of insufficient activeness of the ZK-Rollup ecosystem.
Anyway, when the overall zkSync ecosystem was dominated by DEX and the ecosystem was lifeless, the Holdstation project team used self-generation methods to try to revitalize the situation, which was considered a great effort.Coincidentally, this is probably the beginning of the zkSync ecosystems rising up.Derivio+zkSync, the crazy layer 3 application chain GRVT supported by Binance, may be brewing a good show?
4) As analyzed above, both Starknet and zkSync are comprehensive ZK-Rollups designed to expand capacity. The dilemma faced by Starknet also exists with zkSync.Therefore, the airdrop market effect of Starknet will directly determine the standards and time for zkSync to issue airdrops.
All data indicators of zkSync seem to be successful. Alex was not so confident when he said this in the podcast. Because he knows very well that at least half of zkSyncs current data comes from the work of the Lumao Party, and everyones willingness to pay gas is also based on the premise of anticipating airdrops.
And zkSync now only gives the market a controversial magic lamp. In my opinion, zkSyncs airdrop standard will definitely not be limited to the magic lamp. Its multiple interviews and tweets seem to hint at the value trend of zkSync:Is layer 2 incremental users?
zkSync itself uses non-perceptual account abstraction to lower the user threshold, uses NFT gameplay to promote community development and new Pudgy Penguins, and members of Matter labs have frequently spoken out on AA account abstraction recently, all of which seem to point to a possibility.Will AA account abstract wallet use be a possible airdrop criterion?
Because the fundamental value of layer 2 compared to layer 1 is to develop new things. If layer 2 is just a place for layer 1 players to come and play Lego games, the presence of layer 2 will be very weak.If continuous user rebates can activate the market after Starknet issues airdrops, I guess there is a high probability that zkSync will follow up on this Tokenomics strategy.
5) Recently, zkSync quietly completed the boojum upgrade and integrated STARK and SNARK proofs. (Consistent with the judgment of my earliest analysis), the direct result is that in the past 30 days, zkSyncs Gas fee has been significantly reduced by about 30%, which has reached the same level as Arbitrum. zkSync already has advantages in user experience, and the recent decrease in gas fees will further enable it to gain a wider range of users and traffic.
In fact, Dune data shows that zkSync’s recent active addresses and TXS have increased significantly. For users (Lumao Party), the decline in gas fees will indeed affect the interactive dynamics, but some official series of activities are potentially linked to airdrop expectations. , maybe more direct and effective?
I believe that zkSync will have a certain layout in community activities.
above.
Overall, zkSync mainnet has been online for more than half a year, and it has indeed firmly established itself as the ZK-Rollup duo. Its market expectations are even far higher than Starknet. However, being in the spotlight for a long time has also brought it huge public opinion. Burden and pressure,Facing the sudden changes in the layer 2 market, zkSync must continue to Evolve and think about changes in order not to fall behind.
Note*: The projects mentioned in this article are not investment recommendations. Please analyze and think carefully when investing. The picture shows the gas consumption in recent times. Is the average consumption of zkSync ranked at the lowest?
