ZKsync

ZKsync is a Layer 2 scaling network built on top of Ethereum, designed to make transactions faster and cheaper for users and developers who find the Ethereum base layer slow or costly. It uses zero-knowledge cryptography to bundle many transactions together and prove their validity to Ethereum without replaying each one individually. The ZK token is the native asset of this network.

ZKsync Era, the chain underlying this token, processes transactions off the main Ethereum chain and periodically submits compressed cryptographic proofs to Ethereum, inheriting its security while reducing fees. The ZK token is used for governance and, depending on protocol decisions, may serve other roles within the ZKsync ecosystem. No consensus algorithm is recorded in the data for this asset, so further mechanical detail on block production cannot be stated here.

The protocol collected 8,977 USD in fees over the trailing 30 days and 525,141 USD over the trailing 12 months, with a 30-day annualized fee run rate of 109,220 USD. A take rate of 100 percent in the trailing 30 days means all fees collected are retained as protocol revenue, with nothing distributed to a supply side such as validators or liquidity providers. Fees fell 21.09 percent over the most recent 30-day period. Users transacting on the network pay these fees, which cover the cost of submitting proofs and data to Ethereum.