Ethereum’s ZigZag DEX Launches Zero Protocol Fee Version on Arbitrum Network with New Meta Trade Feature

According to reports, the official Twitter account of Ethereum’s second layer ZKRollup order book DEX ZigZag has announced that the new version of the order book will be launched on the Arbitrum network free of protocol fees DEX, and will soon launch a breakthrough feature: Meta Trade. Super trading will eliminate the need for continuous wallet confirmation during DEX transactions. It provides a Web2.0 like experience. Implemented through two key components: the Forwarder and Session Keys. In addition, ZigZag will be launched on zkSync Era as soon as possible.

ZigZag launches a new version of the order book DEX on Arbitrum

Introduction

ZigZag, the official Twitter account of Ethereum’s second-layer ZKRollup Order Book DEX, recently announced that they will soon launch a new version on the Arbitrum network with zero protocol fees. Additionally, ZigZag plans to implement a breakthrough feature known as Meta Trade, which eliminates the need for continuous wallet confirmation during DEX transactions. This article will provide a detailed look into the new ZigZag DEX, how the Arbitrum network and Meta Trade work, and what it means for the future of DEX.

What Is ZigZag DEX?

ZigZag is a decentralized exchange built on top of the Ethereum blockchain. It uses the ZKRollup technology to enhance its performance, security and scalability. ZigZag DEX allows its users to trade cryptocurrencies in a decentralized manner, where users retain full control over their assets. ZigZag DEX operates as an order book, with buyers and sellers matching orders to trade assets seamlessly.

ZigZag DEX Launches on Arbitrum Network

ZigZag DEX is set to launch an updated version on the Arbitrum network with zero protocol fees. What does this mean for traders? The removal of protocol fees means lower trading costs and the ability to trade with small amounts of tokens. ZigZag will offer a smoother transaction experience with high transfer speeds and low network congestion. This is bound to attract more traders to the ZigZag platform and bolster the growth of the DEX industry.

Introducing the Meta Trade Feature

ZigZag is also set to introduce the Meta Trade feature, which will eliminate the need for continuous wallet confirmation during DEX transactions. This will provide a Web2.0-like experience, which will make it easier for traders of all skill levels to use the ZigZag DEX. Meta Trade is divided into two key components, the Forwarder and the Session Keys.

How Does the Forwarder Component Work?

The Forwarder component is a smart contract that allows designated traders to act as Forwarders. Their role is to confirm transactions on behalf of traders. This means that traders no longer have to wait for confirmation by a validator node before they can execute their orders. Traders can now engage in trading without worrying about the confirmation process.

How Does the Session Keys Component Work?

Session Keys are a set of supplementary private keys issued to traders upon registering. These keys help facilitate trading and enhance security. Session Keys are used to sign transactions and proofs, which speeds up the process of validating transactions. This amazing feature is a great advancement for ZigZag users.

ZigZag DEX Plans to Launch on zkSync Era

ZigZag DEX is set to launch on zkSync Era as soon as possible. This will allow traders to trade on both the Arbitrum network and zkSync, giving them more trading options while reducing costs.

Conclusion

ZigZag DEX’s launch on the Arbitrum network with zero protocol fees and introduction of the Meta Trade feature marks a significant step towards a smoother and more efficient trading experience. The Meta Trade feature eliminates the need for lengthy confirmation processes, which greatly enhances the performance of the ZigZag DEX. As more traders join the platform, ZigZag will become more attractive to the crypto community.

FAQs

1. What is ZigZag DEX?
ZigZag DEX is a decentralized exchange built on top of the Ethereum blockchain that allows users to trade cryptocurrencies in a decentralized manner.
2. What is the Meta Trade feature?
The Meta Trade feature eliminates the need for continuous wallet confirmation during DEX transactions, providing a Web2.0 like experience, which makes it easier for traders of all skill levels to use the ZigZag DEX.
3. How does the Forwarder component work?
The Forwarder component allows selected traders to act as Forwarders who confirm transactions on behalf of traders. This eliminates the need for waiting for confirmation by a validator node before executing orders.