ZkSync Surpasses Ethereum Mainnet in Transactions, Thanks to Inscriptions
ZkSync, a layer-2 blockchain developed by Matter Labs, has exceeded the Ethereum mainnet in terms of transaction volume. In the past month, ZkSync recorded 34.7 million transactions compared to Ethereum’s 34.2 million. This achievement is attributed to the growing trend of inscriptions, which originated from Bitcoin and is now expanding within the EVM chains sector.
ZkSync Outperforms Ethereum with Inscriptions
ZkSync, a privacy-focused rollup solution, has managed to outperform the Ethereum blockchain in terms of transactions. Over the past 30 days, ZkSync recorded 34.7 million transactions, surpassing Ethereum’s 34.2 million transactions. This milestone can be attributed to the adoption of inscriptions, a feature that allows users to include additional information within transaction IDs without compromising privacy and security.
The ZkSync Cryptographic Ecosystem
ZkSync has gained attention for its cryptographic ecosystem and scalability capabilities. It currently ranks second in Total Value Locked (TVL) among EVM chains, with a TVL of $581 million. The platform has become popular among decentralized exchanges (DEXs), lending platforms, and applications for derivative trading. Additionally, ZkSync plans to conduct one of the largest airdrops in blockchain history, further fueling its growth.
Hot Take: ZkSync’s Rise Points Towards a Promising Future
ZkSync’s achievement of surpassing the Ethereum mainnet in transaction volume highlights its potential as a leading layer-2 solution. The adoption of inscriptions and the growth of its cryptographic ecosystem have contributed to this success. As interest in Ethereum rollups continues to grow, it is likely that more opportunities for layer-2 networks to outperform their mainnets will arise. With a strong funding base and plans for a massive airdrop, ZkSync is well-positioned to further climb the ranks of the most widely used layer-2 solutions.
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