The post Nearly Half Of Airdropped ZkSync Tokens Claimed In Just Two Hours appeared on BitcoinEthereumNews.com.

The ewly launched ZK token trades at a more than $900M TVL after suffering a 20% drawdown. ZkSync’s airdrop has ignited a flurry of activity just hours after going live. On June 17, ZkSync Era, a top 10 Layer 2 network by total value locked (TVL), tweeted that its network was suffering degraded performance after launching claims for its long-awaited ZK token. ZkSync said some of its RPC services may experience degraded performance as a result of the network facing intense load as users rushed to claim their tokens, adding that teams are working to increase RPC capacities. The project also noted that 45% of the tokens allocated to its airdrop had already been claimed within two hours. “More than 45% of the airdropped ZK token supply has been claimed by over 225,000 addresses in less than 2 hours,” ZkSync’s ZK Nation Z account posted. “It’s a Monday, don’t you have work?” ZkSync’s airdrop was among the most highly-anticipated token generation events. Matter Labs, the team behind ZkSync, became the first team to ship a zk-EVM — a Layer 2 network leveraging zero-knowledge proofs and offering Ethereum Virtual Machine (EVM)-compatibility — with the launch of ZkSync Era in March 2023. The deployment came just one day after Arbitrum, the top L2 by TVL, launched its token, fanning the flames of airdrop speculation. Airdrop hunters have helped to propel Era to become a leading L2, with the network currently ranking ninth by TVL with $776.4 million and ninth by throughput with 6.9 transactions per second (TPS) over the past 24 hours. Matter Labs also launched the ZkSync Lite Layer 2 network in June 2020, which focuses on providing fast and cheap token transfers. Lite currently ranks 23rd among L2s by TVL $86 million, down from an all-time high of $177 million…

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Filed under: News - @ June 17, 2024 12:12 pm