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ZKsync (ZK) USD Price
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About ZKsync
ZKsync Price Data
ZKsync (ZK) currently has a price of $0.0080 and is down -1.43% over the last 24 hours. The cryptocurrency is ranked 286 with a market cap of $80.6M. Over the last 24 hours, it saw $6M of trading volume. The token has a circulating supply of 10.1B tokens out of a total supply of 21B tokens.
ZKsync is a network of blockchains designed to enhance Ethereum's scalability using advanced zero-knowledge (ZK) technology. Its aim is to improve Ethereum's throughput while maintaining the core principles of freedom, self-sovereignty, and decentralization at scale.
Its main product, zkSync Era, is a Layer 2 ZK rollup protocol that uses cryptographic validity proofs to enable scalable and low-cost transactions on Ethereum. This trustless protocol performs computations off-chain and stores most data off-chain. Transactions are bundled into batches, and a validity proof is generated for each batch.
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Frequently Asked Questions
The proposal introduced a mechanism to link protocol revenue directly to ZK token holders via buybacks, burns, and staking rewards. Protocol fees generated by the zkSync sequencer are redirected into open-market ZK buybacks, a portion of which is burned and a portion distributed to stakers.
zkSync is an Ethereum ZK-rollup developed by Matter Labs. It batches transactions off-chain and posts cryptographic validity proofs (ZK-SNARKs or STARKs) to Ethereum L1, meaning correctness is mathematically guaranteed rather than assumed optimistically.
Atlas introduced a series of performance improvements targeting 1-second soft finality and approximately 15,000 TPS. The upgrade optimized proving latency (the time to generate a ZK proof for a batch) and sequencer throughput. Sub-second finality is achieved at the sequencer level; L1 finality (when the proof is posted and verified on Ethereum) remains longer but is the ultimate security anchor.
The ZK airdrop in June 2024 distributed 17.5% of total supply to users. Total community allocation was 66.7% of the 21 billion ZK supply, exceeding team (16.1%) and investor (17.2%) allocations combined. This was positioned as demonstrating community-first token distribution. Post-airdrop price action was weak as is typical for large airdrops with broad distribution.
A compromised admin key was used to illegally transfer approximately 111 million ZK tokens from an unclaimed airdrop distribution contract. The attacker exploited a sweep function on the airdrop contract. Matter Labs coordinated with exchanges and on-chain tracing to recover the majority of tokens; the attacker returned funds under a bounty arrangement. The incident highlighted residual centralization risk in airdrop contract admin keys.