zkSync Era continues to attract capital as Ethereum’s forthcoming Cancun/Deneb upgrade is set validate the importance of rollups for the long-term scalability of the network. Reports godbole17.
Matter Labs' zkSync Era, a zero-knowledge rollup aimed at scaling Ethereum, continues to attract capital at a brisk pace.
The scaling solution, which retains Ethereum Virtual Machine compatibility while ensuring native account abstraction, is already the third-largest rollup by total value locked next to Arbitrum and Optimism.At press time, more than 220,000 ether , or around $378.3 million, about 121 million USDC and 14.43 million MUTE, worth $7.53 million, were locked on zkSync. MUTE is the native cryptocurrency of a zkRollup-based decentralized exchange, Mute.
The EIP 4844 will introduce a new transaction type to Ethereum, which accepts"blobs" of data and reduce transaction fees on rollups.
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