Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
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

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 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

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Best Meme Coins to Invest Today Thursday May 2 – Mochi on Base, Toshi, SquidGrow, 5th Scape

May 3, 2024

How long will PEPE prices continue to rise?

February 17, 2024

Bitcoin Price after hinge -brake or bounce?

March 26, 2025
  • 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.