Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»ZKsync Era’s airdrop does not stop transactions and active addresses from declining
ADOPTION NEWS

ZKsync Era’s airdrop does not stop transactions and active addresses from declining

By Crypto FlexsJune 19, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
ZKsync Era’s airdrop does not stop transactions and active addresses from declining
Share
Facebook Twitter LinkedIn Pinterest Email

A few weeks ago we discussed how Linea attempted to increase its dominance in the ZK rollup space with the Linea Surge campaign, which seemed to work at the time.

However, the hype seemed short-lived, as Linea surged in late May and then fell below ZKsync times in terms of transactions and active addresses. But even in the ZKsync era, not everything was rosy. The network has been facing a decline in activity and users since March, although the decline is slower than Linea’s recent plunge.

ZKSync Era saw an airdrop last week with 3.6 billion tokens distributed to over 695,000 addresses that met the criteria for interaction with ZKsync Era or its predecessor, ZKsync Lite, which is not compatible with EVM.

When ZKsync Era launched in March 2023, it was the first zkEVM released on mainnet. There were no specific plans for the token, but the CEO of network developer Matter Labs said tokens would be needed to decentralize the sequencer.

Naturally, this has led to a lot of airdrop farming on the platform, and once the airdrop is actually announced, the metrics may be hurt once users know the snapshot date confirming their allocation.

ZKsync clarified that the snapshot for airdrop inclusion was taken on March 24, 2024, the first anniversary of the ZKsync era. While this news appears to have been officially confirmed with an announcement last week, there has been a lot of speculation in the ZKsync community about snapshots already being taken, which could lead to them being launched before they are officially revealed.

The seven-day rolling average of active addresses decreased from more than 455,000 at the end of February to 218,000 on June 10. Likewise, the 7-day moving average of transactions decreased from 1.75 million on February 29 to 512,000 on June 10. The airdrop was confirmed on June 11th, and both metrics have actually seen a slight increase since then.

Airdrop is a one-time distribution, unlike other protocols that split it multiple times. However, the billing period begins this week, so eligible users can prepare to return to the network and receive their tokens.

Despite the recession, ZKsync Era remains the most popular ZK rollup network. That said, compared to the most prominent bullish rollups, Arbitrum One and Base, the activity and user numbers are minimal.

However, if ZKsync is unable to reverse the falling indicator, a new ZK rollup could emerge on top.

This is an excerpt from The Block’s Data & Insights newsletter. Dive into the numbers that make up the most thought-provoking trends in your industry.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NVIDIA’s BLACKWELL Architecture MLPERF has set up new performance standards.

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025

SEI Network opens up the way of autonomous AI economy.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

NVIDIA’s BLACKWELL Architecture MLPERF has set up new performance standards.

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Why DEGO Price tank 60%after moving USD1 Stablecoin

June 6, 2025

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NVIDIA’s BLACKWELL Architecture MLPERF has set up new performance standards.

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025
Most Popular

SUI is leading the crypto market with a 27% weekly gain. What’s behind this momentum?

September 12, 2024

NVIDIA unveils in -game reasoning SDK for improved AI characters.

February 24, 2025

Shiba Inu-themed NEIRO reaches record high with explosive rise of 51%

October 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.