ZKSYNC

zkSync Web3 / blockchain enterprise platform.

Definition

zkSync (Matter Labs Berlin Germany, founded 2018 Alex Gluchowski, $200M Series C 2022 Blockchain Capital + Andreessen Horowitz + Dragonfly + others) is an Ethereum L2 ZK-rollup scaling solution, launched zkSync Era March 2023 (zkEVM-compatible, ZK-rollup with EVM-compatible smart contracts), ~$0.5B+ TVL 2024, focus consumer + DeFi + gaming use cases + zkSync Hyperchains framework for custom application-specific ZK chains. Platform + technical architecture consensus mechanism + smart contract language + tokenomics + ecosystem developers + dApps + DeFi + NFTs + RWA tokenization + enterprise pilots + production deployments + governance + regulation + interoperability + bridges + scalability + cybersecurity + sustainability + multiple use cases industries banking + supply chain + healthcare + gaming + identity + multiple emerging Web3 ecosystem 2020s+.

Origin

Matter Labs founded 2018 ; zkSync Era mainnet launched mars 2023 ; ~$0.5B+ TVL 2024 ; Hyperchains framework launched 2023.

Example in context

DeFi protocol Uniswap deploys on zkSync Era: ~$50M TVL Uniswap on zkSync providing low-cost token swaps to users ; LayerZero bridge enables bridging USDC + ETH + other tokens from Ethereum L1 to zkSync ; users benefit ~10-50x cheaper transactions vs L1 + ZK security guarantees stronger than Optimistic rollup fraud proofs.

Related terms

• StarkNet — competitor ZK rollup.