Zora
What this is
Zora is a Layer 2 blockchain network built to support the creation, sharing, and trading of digital media and NFTs, with a particular focus on onchain content and social features. It aims to give creators and collectors a lower-cost environment for minting and exchanging digital work compared to Ethereum's main network. The ZORA token is the native asset of this network, which also participates in the broader Base ecosystem.
Zora operates as a Layer 2 scaling chain, meaning transactions are processed on Zora's network and then settled to a parent chain, reducing costs and increasing throughput for users. The consensus algorithm is not recorded in the available data, and block time is listed as zero, so detailed technical parameters cannot be confirmed here. The ZORA token functions within this network, though its precise governance or utility roles are not specified in the data provided.
Fees recorded over the trailing 24-hour and 7-day and 30-day periods are all zero, meaning the protocol collected no fees in those windows, even though an annualized fee figure of approximately 183,385 USD is derived from the trailing 30 days — a figure that reflects the tension between recent inactivity and a longer-run trend. Over the trailing 12 months, total fees reached 361 USD. The supply-side revenue for the trailing 30 days was 8,856 USD, while protocol revenue for the same period was negative 85.50 USD, indicating that the protocol's costs or distributions to other parties exceeded what it retained. A take rate of roughly 41.2 percent over the trailing 30 days describes the share of total fees the protocol kept, though the absolute fee base in recent periods has been negligible.
Written from the figures on this page by an AI language model and reviewed against them. It contains no view on price.
