The post Cronos-Powered Fulcrom Finance Expands to zkSync Era, Emerges as Top dApp with $100K Rewards Pool appeared on BitcoinEthereumNews.com.

Fulcrom Finance, a leading perpetual trading protocol on the Cronos blockchain, incubated by Cronos Labs, has made a significant move toward the future of decentralized finance. In a recent announcement, Fulcrom revealed a major multi-chain upgrade, expanding its platform to the zkSync Era layer-2 protocol. Within days of this expansion, Fulcrom Finance surged to become one of the most prominent decentralized applications on zkSync Era, boasting substantial Total Value Locked (TVL). Fulcrom Finance, which initially launched in February 2023, quickly established itself as the go-to perpetual exchange for professional traders on the Cronos blockchain. Its success has been attributed to its emphasis on low slippage, minimal fees, and generous 75x leverage opportunities, resulting in an impressive total trading volume of over $500 million. Becoming a Top dApp on zkSync Era To further accelerate its growth and support its growing community of stakers, Fulcrom made the strategic decision to expand to zkSync Era on October 5th. Rather than creating an entirely new protocol, Fulcrom facilitated the bridging of 2.4 billion $FUL tokens from Cronos to zkSync Era, thus fostering a mutually beneficial relationship for users on both chains. zkSync Era is a layer-2 protocol designed to enhance the scalability of Ethereum through advanced zero-knowledge technology, while preserving key principles of freedom, self-sovereignty, and decentralization. zkSync Era has garnered the support of over 200 projects and aims to achieve hyper-scalability, security, improved user experience, and community ownership. Fulcrom’s collaboration with zkSync Era reflects a shared vision of a multi-chain future, aligning with Cronos and Fulcrom’s commitment to reshape the derivatives trading landscape. The move promises to create unprecedented opportunities for traders. By joining the zkSync Era platform, Fulcrom seeks to accelerate value accrual for $FUL token holders, enabling them to benefit from the increased trading activity and user base expansion beyond Cronos.…

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Filed under: News - @ October 24, 2023 10:14 pm