Today’s ZKSwap status: As of 18:00 GMT on May 20th, 2021
- TVL $375 million
- Liquidity $138 million
- Transaction 9128 (24 hrs transactions)
Have you experienced some headaches of extremely high gas fees and long waits? The past few days for us seem to prove the exact point of building a better layer2. Ultimately, we believe the next phase of DeFi should make the industry more accessible to everyday users, with even greater trust and security through better protocol and product transparency, and our goal is not only to launch a desirable DeFi product on layer2 but also to build the layer2 infrastructure for DeFi. We aim for an accessible, secure, and smooth layer2 for all users and builders.
You can trade with ZKSwap and say bye to long waits and gas fees, it’s also SAFE. Users’ assets on ZKSwap will always be locked in the layer1 smart contracts and no one but the user will have access to these funds.
The experience can be more accessible, secure, and smooth because it is based on a technology we developed and named ZKSpeed, a combination of ZK-Rollups, Validium, and Plasma, which ensures fund security layer2 accuracy. We made innovations based on the current Rollup solutions and introduced ZKSpeed, the Practical Rollups, which incorporates existing layer-2 solutions’ strengths and addresses their weaknesses with a balanced trade-off. And, ZKSpeed implements a deeply optimized version of the latest zero-knowledge proof scheme PLONK, adds aggregation of multiple proofs, optimizes verification circuits, and enables GPU-compatible algorithms for higher efficiency.
And, yes! We are thrilled with what’s coming and confident of leading the layer2 wave. Stay tuned for more updates in innovating and building!
ZKSwap is a layer2 dex based on the ZK-Rollup technology and using the AMM model. And You can find us here🥰:
ZKSwap Official Website: https://zks.org/en
ZKSwap APP: https://zkswap.app
ZKSwap Forum:https://forum.zks.org
ZKSwap Twitter: https://twitter.com/ZKSwapOfficial
ZKSwap Official Telegram group: https://t.me/zkswapofficial
ZKSwap Discord: https://discord.gg/NfZBKNJuAX
ZKSwap Medium: https://zkswapofficial.medium.com
ZKSwap Github page: https://github.com/l2labs
ZKSwap Reddit: https://www.reddit.com/r/ZKSwap_Official
