- zkSync Era is now the third-largest Ethereum Layer-2 project with $500 million in TVL.
- Polygon zkEVM is also seeing staggering growth.
- There’s an interesting potential reason why zkSync Era and Polygon zkEVM are growing so much.
For example, zkSync Era just crossed a $500 million threshold in total value locked (TVL).
zkSync Era’s TVL Soars Past $500 Million
Ethereum layer 2 projects have been all the rage in the past few months, so much so that TVL on almost all L2s is continuing to grow.
zkSync Era is currently the third-largest Ethereum Layer-2 scaling project in terms of TVL. Currently, $509 million sit on the project. Arbitrum ($5.44 billion) and Optimism ($1.54 billion), both optimistic rollups, are the top two projects with the largest TVLs.
The total TVL on all Ethereum rollups currently stands at $8.41 billion.
On the Flipside
- The huge TVL growth on zkSync Era and Polygon zkEVM is most likely related to airdrop farming.
Why This Matters
Ethereum L2 projects like optimistic and zk-rollups have the opportunity to finally scale Ethereum. It’s encouraging to see users recognize the value these different rollups bring to Ethereum and use them.
Read more about Ethereum Layer-2 tokens struggling:
Read more about Arbitrum’s venture into web3 gaming: