First Mover Asia: Bitcoin Post-Fed Rate Hike Fizzles. Will BTC's Recent Low Volatility Last Much Longer?

ZkSync Era, a zero-knowledge scaling solution for Ethereum, currently leads the layer 2 landscape in daily active addresses, continuing its year-to-date growth., zkSync Era has grown more than 60% to roughly 305,000 daily active users from about 189,000 since the beginning of July, outpacing all other layer 2’s, except Polygon zkEVM which has grown 331% to more than 34,000 daily active users in the same period.

Despite recently launching only in February, zkSync Era has more daily active addresses than Arbitrum and Optimism, the two largest scaling solutions by total value locked, underscoring the rising interest in a potential airdrop from zkSync Era. “A significant part of usage [on zkSync Era] is likely related to airdrop farming activity,” wrote Artemis Chief Operating Officer Jimmy Zheng to CoinDesk on Telegram. Matter Labs, the company behind zkSync Era, “has raised a meaningful amount of funding for the project and there’s huge speculation that there will be a potential airdrop to facilitate ecosystem growth,” Zheng noted.

“ZkSync Era has benefited from the airdrop narrative. This has fuelled users bridging value [and] using applications in anticipation of a future token,” said Charles Storry, head of growth at Phuture, a crypto index platform.

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