The Fulcrom Finance Perpetual Trading Platform Expands to zkSync Era
The Cronos blockchain-based trading platform, Fulcrom Finance, has announced its expansion onto the Layer-2 scaling protocol, zkSync Era. This move will provide more opportunities for traders on the platform and increase value accrual for holders of the native FUL token. Within a week of its launch, Fulcrom’s protocol has become one of the top decentralized applications on zkSync Era. Since its launch in February, Fulcrom has gained significant traction, with a total trading volume exceeding $500 million. The platform offers low fees, low slippage, and up to 75-times leverage for traders.
Fulcrom’s Unconventional Approach to Expansion
Rather than creating a new protocol for zkSync Era, Fulcrom has bridged 2.4 billion FUL tokens from Cronos to the new chain. It has also partnered with Syncswap, the top DEX on zkSync Era, to access liquidity on that platform. To incentivize users to try the platform on zkSync Era, Fulcrom has made $100,000 available through a rewards pool that will distribute free tokens based on each trader’s total volume. The increase in trading activity is expected to benefit existing users by boosting the value returned to FUL token stakers.
zkSync Era: A Promising Scaling Solution
Fulcrom’s choice of zkSync Era highlights the belief in zero-knowledge proofs as a scaling solution for blockchain networks. zkSync Era is an Ethereum-based Layer-2 solution that aims to enhance scalability and security while maintaining the values of freedom and decentralization. By leveraging ZK-proofs, Fulcrom aims to improve speed, scalability, and privacy for its users. The launch of Fulcrom on zkSync Era has exceeded expectations, with over $750,000 worth of assets under management within five days and a significant increase in trading volume and active wallets interacting with the protocol.
Hot Take: Fulcrom Finance Expands to zkSync Era, Boosting Opportunities for Traders
Fulcrom Finance has made a strategic move by expanding onto the Layer-2 scaling protocol zkSync Era. This expansion creates more opportunities for traders on the platform and enhances value accrual for FUL token holders. By bridging FUL tokens from Cronos to zkSync Era and partnering with Syncswap, Fulcrom gains access to liquidity and aims to incentivize users with a rewards pool. This decision showcases the potential of zero-knowledge proofs as a scaling solution for blockchain networks. The launch of Fulcrom on zkSync Era has already surpassed expectations, attracting significant assets under management and increasing trading volume. Overall, this expansion strengthens Fulcrom’s position in the decentralized trading market.
Source: Depositphotos
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