- ZKFair’s TVL soared beyond $324 million, securing the 9th rank among all L2s.
- The network reached over 600,000 on-chain active addresses.
- Over 200,000 asset holders now hold ZKFair’s token.
Layer 2 solutions have emerged as pivotal solutions for scaling and enhancing user experiences. Among these, ZKFair has demonstrated significant growth and community engagement since its mainnet launch.
Within just 48 days since its launch, ZKFair has seen its total value locked (TVL) skyrocket, while also garnering an active community.
ZKFair Reports Strong Growth Since Launch
Since its debut 48 days ago, ZKFair has swiftly ascended as a formidable entity within the Layer 2 solutions domain, amassing a total value locked (TVL) that surpasses $324 million. This remarkable feat positions it among the top 10 Layer 2 platforms by TVL.
Sponsored
The platform’s appeal is further evidenced by its extensive user engagement: over 600,000 on-chain active addresses and more than 200,000 addresses currently holding assets. This highlights the involvement of ZKFair’s community in the platform.
Furthermore, the on-chain staking activity has surpassed 3 billion ZKF, indicating strong community trust and investment in the platform’s native token.
The platform has also successfully refunded over $100 million to its users and observed that 97% of its airdrops were claimed within the first three days of distribution.
ZKFair’s Future Plans for 2024
ZKFair’s roadmap for 2024 includes several key initiatives aimed at expanding its ecosystem and enhancing user engagement. One notable strategy is the collaboration with over 200 projects, focusing on sectors such as decentralized finance (DeFi), gaming, and artificial intelligence (AI).
Sponsored
Another significant aspect of ZKFair’s strategy is the launch of the ZKFair Launchpool and the introduction of ZKF DID in partnership with SPACE ID. These initiatives are designed to attract high-quality projects to the platform and deepen engagement with the existing community.
On the Flipside
- Despite its impressive early achievements, ZKFair acknowledges the pressure from competing Layer 2 solutions.
- With a modest valuation, no VC backing, and tokens fully distributed through airdrops, ZKFair is facing an uphill battle with gaining capital.
Why This Matters
ZKFair’s growth highlights the importance of Layer 2 solutions in addressing scalability and usability challenges faced by the blockchain industry.
Read more about ZKFair’s mission and launch:
ZKFair Set to Launch Community-Owned L2 to Fight VC Control
Read more about SOL’s technicals post-outage:
Solana Outage Doesn’t Faze Investors, But For How Long?
