ZKsync Era Chain
Matter Labs’ zero-knowledge rollup Layer 2 for Ethereum, focusing on elastic scaling and privacy-preserving transactions.
What is ZKsync Era Chain?
ZKsync Era, mainnet since 2023, uses zkEVM to validate 2,000 TPS batches in 5 minutes, with fees at $0.001 and $3 billion TVL in DeFi apps like SyncSwap. Its ZK token, launched in 2024, enables governance with 3.7 billion supply. The network’s account abstraction allows gasless transactions via paymasters, processing 100 million monthly ops, and integrates with Ethereum via native bridges for 99% finality.
Related Terms
Contract Resolution
The process of determining the outcome of a prediction market contract to distribute payouts based on the event’s result.
WAGMI
An acronym for "We’re All Gonna Make It," expressing optimism and camaraderie in the digital asset community about achieving financial or project success.
Sell Walls
Large accumulations of sell orders at a specific price level, forming a barrier against upward price movement.
Rug Pull
A scam in the digital asset space where developers or promoters of a project abandon it after raising funds, leaving investors with worthless tokens or assets.
Sell Side
The portion of the order book listing aggregated sell orders at various price levels.
Sequencer of Layer 2
A program or node in a Layer 2 or Rollup blockchain network that orders transactions before they are processed or submitted to the Layer 1 blockchain.