zkSync Highlights Technological Progress and Roadmap for Scaling Ethereum

🔐 Scaling Verifiability

By zkSync
Apr 4, 2024, 5:40 PM
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zkSync, an Ethereum zkRollup Layer 2 project, has shared updates on its progress in scaling Ethereum through zero-knowledge proofs.​ In 2023, the team focused on laying the technological foundations, including shipping the ZK Stack framework, deploying the Boojum proof system, achieving 188 TPS during an event, and undergoing a major security audit.​ The team emphasizes the importance of decentralization, security, and verifiability in their approach.​ For 2024, the priority is making zkSync the best platform for building decentralized applications by focusing on decentralization and scaling verifiability through zero-knowledge proofs.​ The ultimate goal is to enable unlimited throughput on Ethereum while maintaining verifiability on lightweight devices.​

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Huge misconception. Ethereum is the world's settlement layer not because it has the largest economic security, but because it's the LARGEST VERIFIABLE BLOCKCHAIN with smart contracts. You don't need to trust validators. You can run a full node on a laptop, the cost is very low.

JK | Staking.xyz ✦
JK | Staking.xyz ✦
@proofofjk

By today's market prices, Ethereum has $110b staked while Solana stands at $70b staked. Solana's economic security is getting really close to that of Ethereum. Isn't economic security one of the major reasons L2s choose Ethereum as its home?

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Massive amount of work went into making @zksync the most scalable, secure, reliable and affordable ZK EVM. I'm deeply grateful to many teams and individuals who contributed to this colossal effort. 2023 was the year of laying the technological fundamentals for Ethereum's

ZKsync (∎, ∆)
ZKsync (∎, ∆)
@zksync

zkSync Era is a year old! In that year, we: 🛠️ Shipped the ZK Stack, a modular framework for building sovereign hyperchains 💻 Deployed the Boojum proof system to reduce hardware requirements 🏎️ Hit 188 TPS during 2023’s Inscription Event 🔒 Hosted the largest Code4rena

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zkSync Era is a year old! In that year, we: 🛠️ Shipped the ZK Stack, a modular framework for building sovereign hyperchains 💻 Deployed the Boojum proof system to reduce hardware requirements 🏎️ Hit 188 TPS during 2023’s Inscription Event 🔒 Hosted the largest Code4rena

ZKsync (∎, ∆)
ZKsync (∎, ∆)
@zksync

gm zkEVM! 👋🏻 zkSync Era Mainnet Alpha is now open to all users. Developers, projects, and users can now experience the power of zkEVM. Read more: blog.matter-labs.io/gm-zkevm-171b1… 1/11

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Read more about zkSync

ZKsync Captures 15% of RWA Market as Ethereum Dominates Tokenization

**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.

Partnership Fund Supports L2BEAT Research Tool

**L2BEAT receives funding support** for its open-source research platform that tracks Ethereum Layer 2 solutions. The **Partnership Fund** will help L2BEAT continue providing: - Transparent data on rollup ecosystems - Reliable metrics for L2 networks - Open-source research tools L2BEAT has established itself as a key resource for analyzing Ethereum scaling solutions. The funding ensures continued development of their tracking capabilities. *This support strengthens infrastructure for L2 ecosystem transparency.*

SEC Policy Shift Emphasizes Financial Privacy and Data Transparency

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 and Jeremy Allaire Discuss ZK Proofs on The Money Movement Podcast

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)

ZKSync Ecosystem Thrives Amidst Market Downturn

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.