zkSync Era, a layer 2 solution dedicated to improving the scalability of Ethereum, welcomes the 1inch DEX aggregator to its ranks. A month after its launch, zkSync Era offers itself here a powerful ally to attract new users.
The zkSync Era ecosystem is forging a solid foundation
To win the battle of layers 2 of the Ethereum blockchain and attract the maximum number of users, there is no secret: they must be given the opportunity to use the flagship protocols of the decentralized finance (DeFi) ecosystem.
It is particularly with this in mind that zkSync Era seeks to develop its catalog of applications compatible with its blockchain and that 1inch decentralized exchange (DEX) aggregator is now available on the network.
Sergej Kunz, co-founder of 1inch, was particularly enthusiastic about the integration:
“zkSync Era is a very promising L2 solution, and we are happy to be among the first projects to deploy on this network. As zkSync Era grows in scale, 1inch users will enjoy faster and cheaper transactions. »
Alex Gluchowski, CEO and co-founder of Matter Labs, the startup behind zkSync Era, elaborates on what 1inch will bring to network users:
“As the largest DEX aggregator by volume, 1inch will provide greater liquidity to zkSync Era while providing DeFi users with greater transparency and allowing them to execute faster trades at better rates. and with less slippage. »
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A good start for zkSync Era
Powered by zero-knowledge rollups (ZK-rollups) technology, zkSync Era aims, in addition to increasing the scalability of Ethereum, to fully preserve self-sovereignty and decentralization.
The developers of zkSync Era have given themselves a specific goal: hyper scalability. They want to develop a solution with the capacity to process an unlimited number of transactions without having a major impact on security or costs for users.
Since launching its mainnet on March 24, zkSync Era has already attracted significant liquidity, valued at over $200 million at the time of writing these lines.
While zkSyncEra was still in the development phase, more than 200 projects including Chainlink, Uniswap, SushiSwap, Aave, Argent, Gnosis and Curve have expressed interest in blockchain deployment. Over the next few months, it wouldn’t be surprising if one of these projects followed in 1inch’s footsteps.
On the side of the crypto-community, this one hopes that zkSync Era will have the right to its own tokenand that it will be distributed as an airdrop to the most active users.
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Source: 1inch Blog
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Editor-in-chief of Cryptoast, I discovered Bitcoin and blockchain technology in 2017. Since then, I have been striving to share quality content so that the sector becomes more democratic for everyone.
Clement Wardzala
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