About
ZK
Ended--
Last price (USDT)
890.97K
24h total (USDT)
3.05M
Total vol (USDT)
2024-05-22 09:00:00 ~ 2024-06-17 07:30:00
Trading time (UTC+0)
2024-06-17 12:00:00
Delivery time (UTC+0)
Total supply14.30B
Resources
Introduction
ZKsync is an ever expanding verifiable blockchain network, secured by math.
Data shows monthly L2 dev ranking shifts; top Layer 2 projects by development, Vitalik Buterin L2 critique, StarkNet development activity; linked to Vitalik
Top Layer 2 projects by development: StarkNet leads last month Based on data from Blockchain.news, which cites a March 2026 development-activity snapshot, StarkNet led Ethereum ETH -3.74% Layer 2s by recent GitHub-based developer activity. The same report noted SKALE rising, while Arbitrum ARB -1.09% and zkSync showed slight month-over-month declines. Development-activity rankings typically reflect engineering velocity and contributor intensity rather than usage or total value locked. As such, they signal where teams are shipping code and hardening infrastructure, not necessarily where users transact most. Why this matters for Ethereum L2s and immediate implications As Ethereum Layer 1 scales and fee pressures ease, the case for L2s as pure throughput extensions is being reassessed. At the same time, decentralization gaps, such as reliance on centralized sequencers or multisig-controlled bridges, remain in focus for risk and policy reasons. The near-term implication is strategic: L2s may need to differentiate on trust assumptions, privacy, latency, or domain-specific functionality, rather than only competing on transactions per second. That shift could reframe how builders choose execution environments and how institutions evaluate operational and counterparty risk. Editorially, this debate centers on whether the rollup‑centric narrative remains the default or becomes one of several L2 roles. “Rollups as branded shards on Ethereum no longer makes sense,” said Vitalik Buterin, Ethereum co‑founder, as reported by Cointelegraph. His critique pairs Ethereum’s improving L1 capacity with a call for L2s to progress decentralization and specialization. As reported by Forklog, Arbitrum co‑founder Steven Goldfeder reiterated scaling as core to Arbitrum’s mission while emphasizing settlement security on Ethereum. In the same coverage, Optimism’s Karl Floersch backed faster progress toward higher decentralization stages and a modular stack that clarifies performance–security trade‑offs. Metrics, Vitalik Buterin’s critique, and L2 differentiation paths How development activity is measured and interpreted Most development‑activity indices aggregate open-source signals such as code commits, pull requests, issues, and contributor counts across relevant repositories. These metrics help identify engineering momentum, roadmap execution, and maintenance cadence. However, they can overweight refactors, infrastructure tooling, or multi‑repo pushes, and they do not measure economic security, censorship resistance, or user retention. Interpreting ranks alongside decentralization milestones, bridge architectures, and sequencer designs provides a fuller risk‑adjusted picture. What Vitalik Buterin’s critique implies for L2 roles and strategy In practice, the critique pushes L2s toward clearer roles: privacy‑preserving virtual machines, ultra‑low‑latency sequencing for real‑time apps, or domain‑specific rails for social, identity, or AI‑assisted workloads. It also raises the bar on moving from Stage 1 to higher decentralization, including fault‑proof maturity and minimized privileged controls. Stakely.io highlights Aztec Network’s differentiation via a permissionless “Continuous Clearing Auction” distribution and a testnet with active sequencer and prover participation. That model aligns with privacy‑first positioning while attempting open, transparent access to network roles. AInvest notes that institutions are attentive to L2s combining performance with adoption and clear security guarantees. Projects like StarkNet and zkSync are cited for momentum in compute‑heavy or privacy‑sensitive use cases, which may complement Ethereum’s own scaling trajectory. At the time of this writing, contextual market gauges for Arbitrum (ARB) show a price near 0.1025 with very high 30‑day volatility around 10.01%. Short‑term indicators include a neutral RSI (14) near 41.66, 12 green days out of 30, and SMA50/SMA200 at 0.1369/0.2594 respectively, consistent with a bearish trend designation.
Crypto sectors show mixed performance, AI sector rises nearly 2%, BTC falls below $72,000
According to data from SoSoValue, the overall market experienced a slight decline. Bitcoin (BTC) fell by 1.99%, dropping below $72,000; Ethereum (ETH) decreased by 1.18%, falling below $2,100. The AI sector performed notably well, rising by 1.97%, with Siren (SIREN) up 32.75% and Kite (KITE) up 25.06%. In other sectors, the Layer2 sector rose by 0.49% over 24 hours, with zkSync (ZK) up 4.65%; the GameFi sector increased by 0.42%, with Four (FORM) up 5.58%; the CeFi sector rose by 0.41%, with a certain exchange platform token up 26.90%; the DeFi sector increased by 0.01%, with Lombard (BARD) up 55.00%; the Layer1 sector declined by 0.40%, with Kite (KITE) up 25.06%; the PayFi sector dropped by 0.40%, with Monero (XMR) up 1.23%; the Meme sector fell by 1.05%, with Siren (SIREN) up 32.75%. Indices reflecting the historical performance of sectors show that the ssiRWA, ssiNFT, and ssiLayer2 indices rose by 1.18%, 1.01%, and 0.92% respectively.
Three Cardano Support Levels to Watch Closely
Back to the list Three Cardano Support Levels to Watch Closely thecryptobasic.com 9 m A recent Cardano analysis has identified three major price support levels for holders to watch if downward momentum persists. Cardano ($ADA) continues to draw attention, as price action over recent months has shown a series of corrections. After failing to shake off the poor form of late 2025, $ADA has dipped further in the first two months of this year and is on track for an abysmal Q1 performance. Should this trend persist, analysis has identified key levels to watch. Key Points A recent analysis has identified three major Cardano price support levels for holders to watch if downward momentum persists. The first sits near $0.245, just below the current price, and below that is a more significant support near $0.112 The deepest of the three identified supports lies at $0.051, a region Cardano last tested in May 2020. In the meantime, $ADA has dropped 2.85% in the past 24 hours, with open interest shrinking amid a rise in volume. Cardano Struggling to Trend Higher Market expert Ali Martinez identified key levels to watch in a recent X post. He deemed them an area of interest for $ADA if the consolidatory move persists, as they could cushion price or further dampen sentiment when they break below. The analysis comes amid challenging broader market conditions for large-cap digital assets, of which $ADA has not been immune. After reaching a high of $1.32 earlier in the cycle, the price stalled and entered a correction phase, marked with volatility. Selling pressure has spurred a retest of lower prices, and its current price of $0.266 represents an 80% correction from the cycle’s peak. Levels to Watch for Cardano Among the levels Martinez is watching closely are three crucial support areas. The first sits near $0.245, just below the current price. In an alternate video analysis, Martinez noted that this is the most important support level for Cardano, and losing it would be detrimental to short-term price action. The coin tested this zone several times in February, but each attempt preceded a strong recovery, as bulls have defended it vigorously. Should $ADA slip to the $0.245 level, it would represent a roughly 7.9% decline from $0.266. Below that is a more significant support near $0.112. A drop to this level would imply a deeper correction of around 57.9% from the current price, a scenario that would play out if the broader market stress escalates. Meanwhile, the deepest of the three identified supports lies at $0.051, a region last tested in May 2020. Moving to this area would correspond to an 80.8% fall from $0.266. The support areas align with the current trend in a parallel channel in the 3-day chart. The $0.245 support is the mid-range support; hence, it’s crucial for bulls. If it holds, $ADA could rally towards the structure’s net resistance level at $0.538. Cardano Support Levels/Ali Martinez Current Market Condition In the meantime, $ADA continues to slide, dropping 2.85% in the past 24 hours. Open interest has dropped by nearly the same rate to $437 million, as market speculators take caution or are forced out of the market through liquidation events. In the day, $1.449 million in $ADA positions have faced liquidations, with that of the broader crypto market standing at $342 million. In contrast, $ADA futures volume increased to $985 million, representing a 5.24% increase in the past 24 hours. Spot volume followed suit, rising 33% to $119 million, as taker analysis shows increased selling activity. Technically, $ADA sits near the $0.24 support level. With whale accumulation strengthening, the token needs to make a decisive move to higher resistance levels if there are to be hopes of a recovery. Latest news Ondo Finance tokenized stocks platform on Binance wins regulatory approval in Abu Dhabi coindesk.com 4 m CoinDesk 20 performance update: AAVE plunges 10%, leading index lower coindesk.com 4 m DWF Labs Co-Founder Reveals Stunning Accumulation Strategy, Predicts Unprecedented Crypto Rebound bitcoinworld.co.in 14 m Top Failed XRP Price Predictions of 2025 by Popular Analysts thecryptobasic.com 16 m Justin Sun’s TRON stock is dying protos.com 17 m Lido Identifies ZKsync wstETH Bridge Endpoint Contract Vulnerability cryptonewsz.com 18 m Top 5 Cryptocurrencies
ZKsync announces the shutdown of ZKsync Lite on May 4, 2026
ZKsync officially announced that it will permanently stop block production on ZKsync Lite and freeze the network's final state on May 4, 2026. Since its launch in June 2020, ZKsync Lite has supported token transfers, atomic swaps, and NFT minting, but does not include smart contract functionality. The official statement noted that this shutdown will not affect other ZKsync products such as Era or chains built on the ZK Stack framework. Users are advised to withdraw their assets before the deadline for a more convenient experience; unclaimed funds can still be fully claimed after the deadline.
ZKsync sets May 4 deprecation date for Lite as project consolidates around Era
ZKsync (ZK) has set a May 4 deprecation date for ZKsync Lite, widely regarded as Ethereum’s first zero-knowledge rollup, as the project continues focusing on its newer ZK Stack ecosystem. Block production on the 2020-era network will cease on that date, permanently freezing its final state to ensure balances cannot be altered post-shutdown, according to a Thursday announcement from the team. The project described the move as a "planned, orderly sunset for a system that has served its purpose," emphasizing that the deprecation does not affect other ZKsync products such as Era or chains built with the ZK Stack framework. A read-only API will remain available for at least one year following the shutdown to support data access, the team said in the X. Users have been urged to withdraw assets ahead of the May 4 cutoff for greater convenience, though the team stated that funds not withdrawn by that date will remain fully claimable. According to L2BEAT, approximately $33.9 million remains canonically bridged to ZKsync Lite, including about $24.9 million in stablecoins, $8.4 million in ETH and derivatives, $313,320 in BTC and derivatives, and $231,130 in other assets. ZKsync Lite, originally called ZKsync 1.0, supported token transfers, atomic swaps, and NFT minting, but did not include smart contract functionality. Development was halted in March 2023 by Matter Labs, the company behind ZKsync, following the launch of ZKsync Era, a zkEVM designed to support arbitrary smart contracts. Era represented the "Holy Grail of scaling Ethereum" by enabling developers to port existing applications without sacrificing security.
Enterprise Ethereum Alliance Announces Privacy Working Group to Advance Enterprise Adoption of Ethereum
New York City, United States, February 24th, 2026, Chainwire The Enterprise Ethereum Alliance (EEA), the leading member-driven organization supporting Ethereum institutional and enterprise adoption announced the formation of its Privacy Working Group, a collaborative initiative focused on advancing privacy solutions for enterprise and institutional blockchain deployments. As financial institutions and enterprises increasingly explore tokenized assets and blockchain-based financial infrastructure, privacy and confidentiality have emerged as critical requirements for production deployment. The EEA Privacy Working Group brings together leading organizations across the Ethereum ecosystem to provide clarity on available privacy technologies and support enterprises evaluating their implementation. Initial contributors include Applied Blockchain (Silent Data), Consensys (Linea), COTI, EY (Nightfall), Polygon, Kaleido (Paladin), and ZKsync, representing a diverse coalition of enterprise solution providers, protocol teams, and privacy innovators working across multiple privacy approaches and deployment environments. The Ethereum Foundation PSE and IPTF are also contributing – presenting the Ethereum Mainnet privacy roadmap. “Privacy is one of the biggest remaining blockers to serious enterprise adoption of Ethereum. The Ethereum Foundation’s Privacy & Scaling Explorations (PSE) team and the Institutional Privacy Task Force (IPTF) are focused on advancing open, interoperable privacy building blocks across the stack. We’re excited to see the EEA Privacy Working Group bring the ecosystem together” said Mo Jalil, Institutional Privacy Lead at the Ethereum Foundation. The working group will focus on mapping the current landscape of enterprise-relevant privacy solutions across Ethereum mainnet and Ethereum Layer-2 networks, helping institutions better understand how different approaches address operational, regulatory, and business requirements. This collaborative research orientation reflects a broader shift toward ecosystem-level knowledge sharing as organizations move beyond experimentation. “The formation of this Privacy Working Group reflects the market’s shift toward real institutional deployment”, said Redwan Meslem, Executive Director at the EEA. “Our mission at the EEA is uniting ecosystem leaders to coordinate privacy innovation and preserving Ethereum ethos while meeting enterprise-grade confidentiality, compliance, and scalability requirements.” As part of its work, the group is developing an upcoming publication that will offer a structured overview of privacy approaches and implementation considerations for financial institutions and enterprises considering Ethereum-based solutions. Due to the rapid development of this technology, this publication is expected to be updated twice a year. This will be version 1. Organizations interested in contributing to the Privacy Working Group or learning more about participation opportunities are invited to engage with the EEA. About The Enterprise Ethereum Alliance The EEA is a member-led industry organization focused on advancing the adoption of Ethereum in enterprise environments. The Alliance brings together enterprises, technology providers, and institutions to develop practical implementation guidance and open standards for interoperable, secure, and production-ready blockchain systems.
Loss-making DeFi lender ZeroLend to shut down after 98% TVL drop
ZeroLend, a decentralized lending protocol that once held nearly $359 million in user deposits, is shutting down. Founder "Ryker" announced the wind-down on Monday in a post on X, citing persistent operational losses and a deteriorating ecosystem that made the protocol unsustainable. The protocol's total value locked has cratered 98% from its November 2024 peak to just $6.6 million as of Monday, according to DefiLlama data. The remaining TVL is currently distributed across Linea ($2.75 million), Ethereum ($1.97 million), and ZKsync Era ($933,000), with smaller balances remaining on Blast, Sonic, and Base, among other networks. The collapse follows a prolonged period during which ZeroLend operated at a loss, with the founder pointing to several factors, including multiple early-stage chains becoming inactive or illiquid, oracle providers discontinuing support, and increased attention from hackers and scammers as the protocol grew. DefiLlama data shows the protocol's earnings deteriorating sharply. After generating $205,990 during 2024, ZeroLend's earnings rose to $1.17 million in 2025 before falling to $132,290 in the current year-to-date period. Gross protocol revenue followed a similar trajectory, peaking at $3.11 million in 2025 before dropping to around $355,000 in 2026. The protocol has never distributed income to token holders. What’s next? "Our immediate priority is ensuring users can safely withdraw their assets," Ryker wrote in the post. "Most markets have already been set to 0% LTV, and we strongly encourage all users to withdraw any remaining funds from the platform." For assets residing on Manta, Zircuit, and xLayer, where DefiLlama showed ZeroLend pools at around $76,000 and $13,000 for Manta and xLayer, respectively, the team is developing a recovery solution, according to Ryker. This involves a planned "timelock upgrade" to the protocol’s smart contracts intended to redistribute funds currently locked in these “illiquid” or inactive environments. Regarding LBTC users on Base, Ryker addressed a separate incident from February 2024. The team has been working to trace and recover those funds and will provide partial refunds using LINEA airdrop allocations received by the team. Affected users have been instructed to contact moderators or submit support tickets. For ZERO token holders, Ryker offered no recovery path. "For token holders, this marks the conclusion of the ZeroLend journey," he wrote. The ZERO token has fallen 34% over the past 24 hours and has lost nearly all its value since hitting a peak of $0.001 in May 2024.
$BZR Goes Live on zKSync to Streamline Crypto Payments at Low Fee
Bazaar ($BZR) is set to live on zKSync, a Layer 2 scaling solution for Ethereum, enabling faster and cheaper transactions while ensuring Ethereum’s security. Bazaars ($BZR) is a decentralized peer-to-peer (P2P) marketplace that actively uses blockchain technology to make buying, selling, and trading of goods, especially for high-value items. The primary purpose of this is to create a seamless pathway for the transfer of cryptocurrency payments. Bazaar ($BZR) has revealed this news through its official social media X account. Bazaars ($BZR) and zkSync Redefine Cost-Efficient Crypto Commerce $BZR facilitates users to make crypto spending easily all around the world, while zKSync is playing its role in offering a cheaper rate for transactions. Both platforms contribute to the development of Web3 payments with secured method of transactions. As the world is speedily shifting from traditional payment methods to advanced Web3 payment methods. Crypto users are always in search for low-fee offering platform. Because users want to save their assets when making cross-border transactions with a certified protected system. Nowadays, almost every partnership or integration is purely based on reducing fees on every single crypto transaction, irrespective of place or time. Bazaar ($BZR) and zkSync Expand the Future of Low-Fee Web3 Payments Bazaar ($BZR) launching on zKSync is also done for the purpose of ensuring scalability, transparency, and error-free interoperability, around the globe. There is fierce competition in the world for delivering the best services in Web3 payments. Bazaar ($BZR) and zKSync improve the financial status of crypto users, specifically in terms of payments, with the evolution of modern technology and tools. People will be able to enjoy payment transactions with a minimum fee across the entire world. In short, both firms are going to expand the possible outcomes by launching $BZR on zKSync.
Starknet bridge total value locked surpasses 1 million ETH
Jinse Finance reported that, according to Dune data, the total value locked (TVL) in zkSync bridges has reached 3,883,707 ETH, while Starknet bridges have a total value locked (TVB) of 1,016,014 ETH, with a total of 1,229,111 bridge user addresses. Arbitrum bridges have a total value locked of 6,324,771 ETH, Optimism bridges have a total value locked of 1,044,724 ETH, and Base bridges have a total value locked of 3,062,039 ETH.
Starknet dips 42%: Why THESE metrics hint at STRK seller fatigue
Starknet [STRK] was a leader among the Layer-2 projects by developmental activity, according to Santiment. This was a huge positive for long-term investors, who saw the token prices reach all-time lows. High developmental activity, regardless of price action and market conditions, tends to separate the strong projects from the chaff. Source: Santiment Starknet was followed by Arbitrum [ARB] and zkSync [ZK]. Their 30-day activity scores were relatively lower compared to Starknet. Token Terminal data showed that Starknet was ranked 10th for active weekly users among Layer 2 blockchains. The high-performance scaling solution for the Binance Smart Chain dominated L2 activity, followed by Arbitrum and Base. Compared by revenue, Starknet ranked a modest 6th among L2s. CoinMarketCap data showed that STRK was down 42% over the past month and has slid nearly 17% in a week. In the face of these dire stats, on-chain metrics looked slightly healthier than they did in the second half of 2025. Starknet holders’ capitulation might be over Source: Santiment The age consumed metric has seen sizeable spikes over the past three weeks. At the same time, the 365-day mean coin age plummeted from 3-month highs. It showed increased token movement, which is understandable given the fear across the market. Holders selling STRK also contributed to increased transaction volume, evidenced by spikes in the metric. This selling flurry can also signal heavy profit-taking activity, as it did in November when prices rallied to $0.27. However, the mean coin age has begun to rise once again. This does not mark a price bottom by itself, but it was a slightly encouraging sign. Over the coming weeks, higher lows in the MCA metric would signal weaker waves of selling and more network-wide accumulation. There are some other threats, such as a decline in Total Value Locked (TVL). AMBCrypto reported in mid-January that the TVL had reached the $300 million milestone for the first time since 2024. This feat was only a brief victory lap for the investors. DeFiLlama stats showed that TVL has slid lower once again, reaching $289.45 million at press time. Market conditions remain uncertain, and it may take time before TVL begins to rise again. For long‑term investors, strong developmental activity offers some reassurance, but it’s still important to monitor metrics such as mean coin age and stablecoin liquidity to gauge the overall health of the L2. Final Thoughts The Starknet holder conviction will be strengthened by the high 30-day developmental activity. STRK selling waves might be weakening if the mean coin age metric continues to ascend in the coming weeks, and age consumed remains low.
Three crypto industry executives announced career changes within 48 hours
On February 6, it was reported that in the past 48 hours, Multicoin co-founder Kyle Samani, ZKsync CTO Anthony Rose, and Eigen Labs Director of Developer Relations Nader Dabit have successively announced their departure from the crypto industry. Recently, the price of bitcoin has rapidly dropped from a high of $90,000 to around $60,000, and the crypto market is showing a bear market trend.
In the midst of a market deep freeze, crypto executives accelerate "exit," with 3 executives announcing their career transition within two days.
BlockBeats News, February 6th. Over the past two weeks, the cryptocurrency market has experienced a severe cold spell. Bitcoin rapidly fell from a high of $90,000, barely holding above the $60,000 mark. However, the intense bear market sentiment has not only affected the price. In the past 48 hours, three high-level executives have announced their "career transition." Apart from the industry-leading figure Kyle Samani from Multicoin, ZKsync CTO Anthony Rose (@anthonykrose) and Eigen Labs Developer Relations Lead Nader Dabit have also departed from the industry. Against the backdrop of a weak price, the departure of cryptocurrency industry executives may be a concentrated manifestation of the industry's cyclical pressure overlaid with personal choices.
Aave proxy platform proposes to suspend three L2 deployments due to weak revenue
According to Bijie Network, Aave's governance delegation platform has proposed to suspend its V3 deployments on zkSync Era, Metis, and Soneium to reduce costs, citing extremely low user activity and revenue. So far, the proposal has been unanimously approved, requiring that future chain deployments must guarantee at least $2 million in annual revenue.
Payy Crypto Wallet Provider Launches Privacy Focused Ethereum L2
Key Notes Payy has launched an ETH L2 network that will be a custom chain in MetaMask. Payy CEO confirms that there have been complaints about the slow speed involved in large TradFi institutions transferring capital onchain. zKSync has released its 2026 roadmap, a proof of new focus on infrastructure. Crypto wallet provider Payy has expanded its operation by launching an Ethereum Layer-2 network with support for private ERC-20 transfers. The crypto-inclined firm announced the milestone on X on Feb. 4. The startup said it is already engaging launch partners, including stablecoin issuers, however, it withheld their names with plans to disclose them at a later date. Payy Attacks Slow Speed for TradFi Investors Payy is known for operating a privacy-focused wallet alongside a crypto banking card. The latest launch of an Ethereum L2 marks an extension of its services. Going forward, users of the protocol can now have the network as a custom chain in MetaMask. In addition, every ERC-20 transfer made on the L2 goes through privacy pools by default and no smart contract changes are required. https://t.co/H4zacqj5V7 — Payy (@payy_link) February 4, 2026 According to Payy, it expects institutions and fintech firms to be the two core user types on its network. This includes those in search of systems and infrastructures that usher financial flows onchain while limiting public transaction traceability. It is equally open to crypto natives who want to interact with privacy tools without “juggling multiple wallets.” Payy CEO Sid Gandhi noted that the startup is focused on removing the drudgery involved in large Traditional Finance (TradFi) institutions transferring capital onchain. He admits that there have been several complaints about this situation. Related article: Ethereum L2 Starknet Faces Downtime, Here Is What We Know “They cannot move real capital flows onchain if their financial data is exposed to the world,” Gandhi noted. zKSynC Prepares 2026 Roadmap Some undisclosed launch partners, including stablecoin issuers, have been signed into this initiative. According to the roadmap, it is only a matter of weeks before their names are revealed. Based on design, the network is compatible with all Ethereum Virtual Machine (EVM) wallets. The project’s website shows that the L2 is targeted toward enabling private stablecoin transfers on its network, though it supports all ERC-20 tokens. While new Ethereum L2s are entering the market, the existing ones are focused on establishing themselves within the ecosystem. Around mid-January, zkSync outlined a clear shift toward real-world infrastructure in its 2026 roadmap. A glance through the plans shows that the network placed banks, asset managers, and regulated firms at the center of this next phase. The goal is to solve privacy, control, and compliance gaps, especially those that have impacted the speed of institutional cryptocurrency investors. next Share:
Bad News from South Korea for This Ethereum (ETH) Based Altcoin! An Investigation May Be Launched!
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Aave DAO Rethinks Multichain Expansion in Phase 1 of V3 Strategy Reset
Aave DAO has proposed a narrowing of Aave V3’s footprint to exit blockchains that have contributed little to the network, starting with zkSync, Soneium and Metis. The three chains have had few transactions and show no sign of future growth but incur costs for Aave in monitoring and governance operations. Aave DAO is rethinking its multichain strategy in favor of concentrated efforts in its most high-value networks, and it’s starting by exiting three chains it says add little value to its ecosystem. The DAO released a new Aave Request for Comment (ARFC) this week proposing a change in strategy. Titled ‘Focusing the Aave V3 Multichain Strategy – Phase 1,’ the proposal wants the network to exit three blockchain networks: zkSync, Soneium and Metis. It claims that these exits would reduce operational overhead and the burden of governance that Aave incurs for “instances that are clearly not viable today.” Aave DAO has released an ARFC proposal titled “Focussing the Aave V3 Multichain Strategy – Phase 1”, outlining a plan to streamline Aave V3’s multichain footprint. The first phase proposes freezing the Aave V3 deployments on zkSync, Metis, and Soneium, while introducing a… — Wu Blockchain (@WuBlockchain) February 3, 2026 The proposal notes that Aave V3 was designed to maintain multiple live deployments across various networks. However, this doesn’t come for free. Each deployment incurs operational and maintenance costs and governance overhead for asset maintenance. The DAO has observed that some instances have very few users and generate insignificant revenue. Still, they require a ‘non-trivial’ amount of maintenance from the network. zkSync, Soneium and Metis were identified as some of the top culprits. “Continuing to operate these markets in their current state provides little upside while consuming attention better spent elsewhere,” Aave DAO believes. Aave DAO: New Deployments Must Guarantee $2M in Annual Revenue Exiting the three chains is only the beginning. The DAO is setting new standards for any chain that wants to integrate its DeFi protocol to avoid a repeat of such instances. Moving forward, any new deployment must first guarantee that it can generate at least $2 million in annual revenue. Aave DAO believes this standard is justified. After all, any chain that deploys its protocol stands to gain significantly as Aave operates the largest DeFi protocol in the market. According to DeFiLlama, Aave has the highest total value locked at $29.75 billion and generated $26.12 million in fees over the past 7 days. It’s currently deployed on 18 chains, and at its peak in October last year, held $45 billion in TVL. Any new chain that deploys Aave taps into this rich and diverse market, and therefore, the DAO can no longer support networks that contribute little to its goals. It stated: The work involved in a deployment and the substantial ongoing effort from service providers and governance participants has at times been under appreciated, yet in light of the above revenue numbers we must bring this back into focus. The upfront and recurring costs mean the DAO must prioritize deployments that generate sufficient revenue to justify the time and risk involved. The proposal is aimed at reducing overheads and increasing the revenue, which, as we reported, Aave Labs wants to share with the users. AAVE trades at $121.9 at press time after dipping 4.8% in the past day, which brought its total losses in the past week to 24%.
ZKsync to launch ZKnomics staking pilot program
Foresight News reported that ZKsync will launch the ZKnomics staking pilot program, with the first season starting on February 9. In the future, ZK token holders will be able to stake their tokens through the Tally staking pilot interface and receive rewards while participating in governance. The total reward cap for the first season is 10 million ZK, and for the second season, the total reward cap is 25 million ZK. At the beginning of each season, the target annual interest rate is 3%, and depending on participation, the maximum annual interest rate for each season can reach up to 10%. Rewards will be distributed continuously, with no lock-up period.
South Korea Sees Trading Volume Surge in 17 Altcoins – Seen After Major Drop, Here’s the List
Upbit and Bithumb, South Korea’s two largest cryptocurrency exchanges, have seen a noticeable increase in trading volume for some altcoins over the past 24 hours. The strong South Korean Won pairings seen particularly in projects like XRP, ZKsync, Zora, and Enso indicate a resurgence in local investor interest. When the data is combined, it is seen that the total trading volumes of the leading altcoins on the two exchanges reach hundreds of millions of dollars. Here are the altcoins with the highest trading volume on South Korea’s largest cryptocurrency exchanges in the last 24 hours: @media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-d098b0a7-6bf7-478a-a0ee-0619d281a09c"] { width:320px; height: 100px; } } @media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-d098b0a7-6bf7-478a-a0ee-0619d281a09c"] { width: 728px; height: 90px; } } window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "d098b0a7-6bf7-478a-a0ee-0619d281a09c"; sevioads_preferences[0].adType = "banner"; sevioads_preferences[0].inventoryId = "709eacfd-152a-4aaf-80d4-86f42d7da427"; sevioads_preferences[0].accountId = "c4bfc39b-8b6a-4256-abe5-d1a851156d5c"; sevioads.push(sevioads_preferences); XRP – $495.98 million Bitcoin (BTC) – $434.96 million Ethereum (ETH) – $392.44 million Tether (USDT) – $350.53 million ZKsync (ZK) – $283.99 million Zora (ZORA) – $204.33 million zkPass (ZKP) – $155.92 million Enso (ENSO) – $113.54 million Pocket Network (POKT) – $111.80 million Sentient (SENT) – $97.49 million Ardor (ARDR) – $88.40 million Mossland (MOC) – $65.52 million Clearpool (CPOOL) – $63.25 million Gas (GAS) – $49.36 million Worldcoin (WLD) – $17.09 million Cudis (CUDIS) – $16.57 million Dogecoin (DOGE) – $15.35 million Story (IP) – $10.55 million Sui (SUI) – $10.25 million
The List of Altcoins Most Searched for in Recent Hours Has Been Revealed
Cryptocurrency tracking platform CoinGecko has shared updated data on the most searched crypto assets on its platform in recent hours. The list is based on the most searched cryptocurrencies in the last 3 hours. According to the data released, investor interest appears to be particularly focused on altcoins exhibiting high volatility, while assets with large market capitalization, such as Bitcoin and Ethereum, also ranked high on the list. According to data published by CoinGecko, the cryptocurrencies that ranked highest in search trends and their total market capitalization were as follows: River (RIVER) – Total market value: $362.9 million Bitcoin (BTC) – Total market capitalization: $1.56 trillion ZKsync (ZK) – Total market capitalization: $219.1 million Moltbook (MOLT) – Total market value: $39.9 million Pudgy Penguins (PENGU) – Total market value: $487.3 million Solana (SOL) – Total market value: $58.9 billion Hyperliquid (HYPE) – Total market capitalization: $6.99 billion Zora (ZORA) – Total market value: $129.4 million Ethereum (ETH) – Total market capitalization: $286.3 billion PAX Gold (PAXG) – Total market capitalization: $2.09 billion Sui (SUI) – Total market value: $4.31 billion Canton (CC) – Total market value: $6.62 billion Chainlink (LINK) – Total market capitalization: $6.90 billion Seeker (SKR) – Total market value: $101.9 million Pi Network (PI) – Total market capitalization: $1.34 billion @media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-d098b0a7-6bf7-478a-a0ee-0619d281a09c"] { width:320px; height: 100px; } } @media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-d098b0a7-6bf7-478a-a0ee-0619d281a09c"] { width: 728px; height: 90px; } } window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "d098b0a7-6bf7-478a-a0ee-0619d281a09c"; sevioads_preferences[0].adType = "banner"; sevioads_preferences[0].inventoryId = "709eacfd-152a-4aaf-80d4-86f42d7da427"; sevioads_preferences[0].accountId = "c4bfc39b-8b6a-4256-abe5-d1a851156d5c"; sevioads.push(sevioads_preferences);
Zero Network, incubated by Zerion, relaunches and resumes operations
On January 18, the L2 network Zero Network, incubated by Web3 wallet company Zerion, announced that it has relaunched and fully resumed operations. Zero Network stated that user funds are safe, and Caldera and ZKsync provided support for the resumption of operations.
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