This week, ZKSync, an Ethereum-focused L2 scaling platform, has experienced notable ecosystem growth. In this respect, ZKSync has witnessed a staggering 355% rise in its active consumers, indicating a huge increase in new entrants. As per the data from Nansen, an AI-powered crypto research platform, the transaction count of ZK Sync has also jumped by a staggering 74%, indicating robust engagement. In the meantime, its flagship $ZK token has also witnessed considerable inflows.
ZKSync Sees 355% User Growth and 74% Transaction Expansion over 7 Days
ZKSync’s stunning weekly growth in users, inflows, and engagement has placed it in a paramount spot in the market. Specifically, the ecosystem has gone through a 355% growth when it comes to the active users. Subsequently, its transfers have also spiked by 74% over the past 7 days.
In the case of transfers, ZKSync has successfully processed up to 265,805 transactions during throughout the week. This development reaffirms the expanded demand for the platform due to its robust zero-knowledge-based scaling mechanism. Along with that, the consumers have jumped to 148,529 in number, making ZKSync one of the most rapidly growing chains during this time.
$ZK Experiences Noteworthy Accumulation as On-Chain Activity Rises
Simultaneously, the market data highlights that the gas fees of ZKSync hit a total of $43.2K, presenting continuous on-chain engagement even amid wider market caution. Nonetheless, irrespective of the significant retail influx, ZKSync’s institutional activity is still comparatively muted. This may provisionally lower aggressive price activity for $ZK.
Even then, according to Nansen, $ZK saw over $64K in its net flows, suggesting that consumers are accumulating. Hence, the confidence is rising among the community regarding the network’s utility expansion. Overall, the rising user adoption and transfers denote ZKSync’ entry into a phase of increased network expansion.
