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According to reports, according to L2BEAT data, the total network lockup volume (TVL) of zkSync Era has now reached $93.92 million after its launch, surpassing zkSync Lite ($86.22

Introduction

According to reports, according to L2BEAT data, the total network lockup volume (TVL) of zkSync Era has now reached $93.92 million after its launch, surpassing zkSync Lite ($86.22 million).

Currently, zkSyncEra TVL reaches $93.92 million, surpassing zkSync Lite

Cryptocurrency has become an increasingly popular investment option for people around the world. With the rise of digital currencies like Bitcoin and Ethereum, many investors are looking for new ways to invest in the cryptocurrency market. This is where the concept of Total Value Locked (TVL) comes into play. TVL is a measure of the total amount of assets locked in a specific blockchain protocol or decentralized application. In this article, we will discuss the TVL of zkSync Era and how it has surpassed its predecessor, zkSync Lite.
# What is zkSync?
Before diving into zkSync Era and its TVL, it’s important to understand what zkSync is. zkSync is a scaling solution for Ethereum that allows for fast and cheap transactions without sacrificing security. It uses zk-rollups, a type of Layer 2 scaling solution, to bundle multiple transactions together and submit them to the Ethereum blockchain as a single transaction. This allows for significant cost savings and faster transaction times, making it an attractive solution for developers and users alike.
# zkSync Era: What Is It and How Does It Differ from zkSync Lite?
zkSync Era is an upgraded version of zkSync Lite, which was launched in 2020. While both solutions use zk-rollups, zkSync Era has several key improvements. For example, it has lower latency and can process transactions faster than its predecessor. Additionally, zkSync Era has a higher throughput, meaning it can handle more transactions per second.
Another significant improvement that zkSync Era brings is the addition of support for all ERC20 tokens. This allows developers to build more complex decentralized applications on top of the zkSync network.
# zkSync Era’s TVL
According to L2BEAT, zkSync Era has surpassed zkSync Lite in terms of TVL. As of this writing, the TVL of zkSync Era is $93.92 million, while zkSync Lite has a TVL of $86.22 million. This is a significant milestone for zkSync Era and demonstrates the increasing popularity of the network among investors.
# Benefits of zkSync Era
The increasing TVL of zkSync Era can be attributed to several factors. First, the network offers lower fees compared to other scaling solutions like Polygon and Arbitrum. Additionally, zkSync Era provides high scalability, making it an attractive option for developers looking to build decentralized applications on top of Ethereum.
Furthermore, zkSync Era ensures the security of transactions using zk-rollups, which is a proven technology that has been audited by multiple third-party firms. This provides additional peace of mind for investors and developers using the network.
# Conclusion
In conclusion, zkSync Era is a significant improvement over its predecessor, zkSync Lite. Its increasing TVL demonstrates the growing popularity of the network among investors and developers. The network offers several benefits, including lower fees, scalability, and security, making it a compelling option for those seeking to invest or build decentralized applications on top of the Ethereum blockchain.

FAQs

1. How does zkSync Era ensure the security of transactions?
– zkSync Era uses zk-rollups, a proven technology that has been audited by multiple third-party firms, to ensure the security of transactions.
2. Why is the increasing TVL of zkSync Era important?
– The increasing TVL of zkSync Era demonstrates the growing interest in the network among investors and developers, which could lead to further adoption and growth in the future.
3. How does zkSync Era compare to other scaling solutions like Polygon and Arbitrum?
– zkSync Era offers lower fees and higher scalability compared to other scaling solutions, making it an attractive option for developers and users alike.

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