Matter Labs Transfers zkSync Ecosystem Portal Management to DappRadar

Matter Labs Transfers zkSync Ecosystem Portal Management to DappRadar

Matter Labs Delegates zkSync Ecological system Portal Management to DappRadar

Matter Labs has made the decision to entrust DappRadar, a blockchain analytics firm specializing in decentralized finance and decentralized applications, with the management of the zkSync ecological system portal. This move is seen as a step towards the full decentralization of the zkSync protocol.

Enhancing Ethereum (ETH) Scalability

The zkSync protocol, developed by Matter Labs, is a layer-2 blockchain solution aimed at improving the scalability of the Ethereum (ETH) ecological system. Since its launch, the protocol has experienced consistent growth, with over 200 projects and more than 8.8 Million testnet transactions. Within its first 10 days on the public mainnet, zkSync attracted $115 million.

Aligning with Foundational Principles

This partnership with DappRadar aligns with Matter Labs’ broader strategy to decentralize zkSync and adhere to the protocol’s foundational principles outlined in the zkSync credo. The goal is to uphold core tenets such as trustlessness, security, and sovereignty.

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Enhanced Visibility for dApps

DappRadar’s engagement in managing the ecological system portal is expected to increase visibility for decentralized applications listed on zkSync. This could lead to higher user engagement and media exposure from established news entities, creating more opportunities for growth.

“With DappRadar’s analytics and extensive reach, zkSync projects have a robust platform for gaining visibility and attracting new users—and users have the  probable to explore the world of zkSync dapps in a data-driven way. Because at the end of the day, it’s not only about relinquishing control; it’s about empowering the community with ownership and knowledge,” Matter Labs stated in a press statement.

Matter Labs’ Transition to Advisory Role

Although while Matter Labs reduces its direct operational role, it will continue to provide guidance and advisory support to secure the integrity of zkSync’s protocol development. This notice marks the initial phase of a comprehensive decentralization plan that encompasses technology, community governance, and other essential aspects of the network.

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Achieving an Equitable Ecosystem

Matter Labs intends to diversify its stewardship to expand the neutral credibility of zkSync. By partnering with DappRadar, known for its rigorous listing and analysis, the protocol’s decentralization efforts are strengthened, and dApps gain increased visibility through DappRadar’s large audience.

Hot Take: Matter Labs and DappRadar Collaborate to Drive zkSync’s Decentralization

The partnership between Matter Labs and DappRadar represents a whole lot of step forward in the incubation, launch, and decentralization of the zkSync protocol. With DappRadar’s expansive audience and data-driven insights, dApps listed on zkSync can attract new users and gain visibility. This collaboration is expected to amplify engagement within the ecological system and provide a comprehensive understanding of zkSync’s potential.

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