- zkSync is getting set for a pivotal upgrade.
- The announcement of the coming upgrade has sparked speculation of a summer airdrop.
- The new protocol release will bring several major changes to the network.
Airdrops are all the rage again. While the Ethereum Layer 2 ecosystem has already seen its fair share of these airdrops, there still appears to be more to come.
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In January 2024, Manta Pacific distributed its MANTA token, and in February 2024, Starknet distributed STRK. Following these distributions, a recent upgrade announcement has sparked speculation that zkSync, the Matter Labs-developed zero-knowledge (ZK) rollup, could be next.
zkSync Set to Hand Over Governance to the Community
In an X post on Friday, May 17, the zkSync team disclosed that it was gearing up to roll out v24, its final upgrade, before handing over the network to the community. The team added that it expected the final pieces for the upgrade to fall in place by the end of June 2024.
The announcement has sparked significant talk of a potential token distribution at the end of June 2024. Blockchain governance typically requires network participants to delegate tokens to vote for protocol changes.
Rumors of a zkSync airdrop have been circulating since the network launched in early 2023, with the speculation often helping to drive up the network metrics.
What the zkSync V24 Release Brings to the Table
The zkSync v24 release is slated to bring eight significant changes. These changes include:
- A new feature would allow wallets to rely on devices like Apple’s Secure Enclave and Android Keychain instead of requiring users to memorize long seed phrases.
- The zkSync Bridgehub: A feature that will set the groundwork for interoperability between ZK Stack chains.
- New features to set the foundation for validium ZK Stack chains with a custom data availability layer.
At the time of writing, L2Beat data suggests that zkSync Era is the eighth largest Ethereum Layer 2 by TVL with $810 million.
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Read this for more on zkSync Era airdrop speculation:
ZKSync User with 21K Wallets Exposes Flaw in Crypto Airdrops
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