Matter Labs Delegates zkSync Ecologicalย 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 ecologicalย system portal. This move is seen as a step towards the full decentralization of the zkSync protocol.
Enhancing Ethereumย (ETH) Scalability
The zkSync protocol, developed by Matter Labs, is a layer-2 blockchain solution aimed at improving the scalability of the Ethereumย (ETH) ecologicalย 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 Labsโ broader strategy to decentralize zkSync and adhere to the protocolโs foundational principles outlined in the zkSync credo. The goal is to uphold core tenets such as trustlessness, security, and sovereignty.
Enhanced Visibility for dApps
DappRadarโs engagementย in managing the ecologicalย 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.
โWith DappRadarโs analytics and extensive reach, zkSync projects have a robust platform for gaining visibility and attracting new usersโand users have theย probable to explore the world of zkSync dapps in a data-driven way. Because at the end of the day, itโs not only about relinquishing control; itโs about empowering the community with ownership and knowledge,โ Matter Labs stated in a press statement.
Matter Labsโ Transition to Advisory Role
Althoughย while Matter Labs reduces its direct operational role, it will continue to provide guidance and advisory support to secure the integrity of zkSyncโs 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.
Achieving an Equitable Ecosystem
Matter Labs intendsย to diversify its stewardship to expandย the neutral credibility of zkSync. By partnering with DappRadar, known for its rigorous listing and analysis, the protocolโs decentralization efforts are strengthened, and dApps gain increased visibility through DappRadarโs large audience.
Hot Take: Matter Labs and DappRadar Collaborate to Drive zkSyncโs Decentralization
The partnership between Matter Labs and DappRadar represents a wholeย lotย of step forward in the incubation, launch, and decentralization of the zkSync protocol. With DappRadarโs 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 ecologicalย system and provide a comprehensive understanding of zkSyncโs potential.
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