Partnership Fund Supports L2BEAT Research Tool

**Ethereum maintains its lead** in real-world asset (RWA) tokenization with a 52% market share, while **ZKsync emerges as the top Layer 2** with 15% of the market. **Key developments:** - ZKsync averaged $2.4B in RWA value last month - Ethereum's stablecoin supply hit all-time high of $165B - Tokenized gold on Ethereum doubled to $2.4B this year - U.S. Treasuries lead growth with Ethereum holding 70%+ of tokenized Treasury products **Market reality check:** While RWA hype suggests trillion-dollar potential, the actual non-stablecoin RWA market is $25B - just 0.01% of global financial assets. **What's working:** - Private credit: $15.5B in active loans - Tokenized Treasuries: $7.4B (up 500% YoY) - Gold tokenization: $2.1B+ proven success **Challenges remain:** Most projects still rely on trust assumptions, off-chain data, and face regulatory uncertainty. Stock tokenization shows <$100M volume despite promises. RWAs are becoming crypto's yield layer through reliable infrastructure rather than revolutionary disruption.

The SEC has announced a **pivotal policy shift** focusing on three key areas: - **Financial privacy** protection - **Data transparency** requirements - **Customer identification** standards This regulatory change creates new opportunities for privacy-focused blockchain solutions. **ZKsync's Response** As a leader in zero-knowledge cryptography, ZKsync is positioning itself to address these new regulatory priorities. The platform's ZK technology offers: - Enhanced privacy without sacrificing compliance - Transparent yet secure data handling - Scalable identity verification solutions The timing aligns with previous support from SEC leaders Paul Atkins and Hester Peirce, who have advocated for regulatory clarity in digital finance. *This development could accelerate adoption of privacy-preserving blockchain technologies in traditional finance.*

Nana Murugesan joins Jeremy Allaire on The Money Movement podcast to explore zero-knowledge (ZK) proofs. The discussion covers: - The necessity of ZK-proofs for Ethereum scaling - ZK-powered applications in privacy and identity - How ZK technology is facilitating institutional adoption of blockchain This episode follows a recent trend of industry leaders discussing ZK technology. Previously, Sandy from Scroll emphasized the importance of developer-friendly tooling to drive real-world adoption of ZK proofs. **Listen to the full episode:** [YouTube Link](https://www.youtube.com/watch?v=oL7NM6chBQM)

Despite the broader crypto market experiencing a bearish October, the ZKSync ecosystem is bucking the trend with significant developments: - Continuous shipping of new projects and updates - Strong ecosystem growth, contrasting with general market sentiment - Multiple initiatives launched, represented by letters: R Z I X Q S T C C P G This 'Octobull' for ZKSync highlights the resilience and progress of zkRollup technology on Ethereum Layer 2, even in challenging market conditions. Stay tuned for more updates on ZKSync's ecosystem expansion and its impact on Ethereum scalability.