The Latest Data from Dune Analytics: zkSync’s Main Network Increases Bridging Users

According to reports, according to the latest data from Dune Analytics, the number of bridging users has increased after zkSync announced that its main network “zkSync Era” will be fully opened for everyone to use without a license. At the time of writing, this indicator has exceeded 800000 to 800600, making it the Ethereum Layer 2 network with the highest number of bridging users currently. The total value of bridging storage is 245579 ETH.

Data: Over 100000 new bridging users added to zkSync in the past two weeks

As the world is rapidly entering the digital age, people are gradually adopting blockchain technology and cryptocurrencies. In this digital economy, the Ethereum network holds a prominent position among the cryptocurrencies. To enhance the scalability and decrease the network’s high fees, various Layer 2 solutions are introduced, out of which zkSync is a notable name.
According to the latest data from Dune Analytics, zkSync has witnessed a significant surge in the number of bridging users since it announced the opening of its main network, “zkSync Era,” to everyone without any license. As of now, this indicator has exceeded from 800,000 to 800,600, making it the Ethereum Layer 2 network with the highest number of bridging users.

Understanding Bridging Users

Before diving further into the topic, it’s essential to have a clear understanding of bridging users. It is a term used to describe people who transfer their holdings from one blockchain technology to another. This transfer is not possible without using the bridging network.
Suppose, for instance, you have Ethereum but want to buy another cryptocurrency, such as Bitcoin. In that case, you need to use a bridging network that swaps your Ethereum holdings with Bitcoin. Bridging networks perform this process automatically in the backend.

The Role of zkSync in Increasing Bridging Users

zkSync is a Layer 2 scaling solution that aims to solve Ethereum’s scalability problem by facilitating fast and cheap transactions. It is designed to improve the throughput performance of the network so that it can process a higher number of transactions per second. It also offers a gas fee of 0.1% compared to Ethereum’s 1-3% fee, making it a preferable choice for users.
zkSync recently announced that it will open its main network, “zkSync Era,” to the public with some significant upgrades, including a new user-friendly interface and a reduction in the time taken for withdrawals. This announcement paved the way for a significant increase in the number of bridging users, which has already surpassed 800,000.

The Total Value of Bridging Storage

As the number of bridging users increases, so does the total value of bridging storage. According to Dune Analytics’ latest data, the total value of bridging storage on zkSync is currently 245,579 ETH. This massive sum is a testament to the network’s reliability, security, and efficiency.

The Future of zkSync

zkSync’s remarkable performance offers a glimpse of the network’s potential, and the developers are working round the clock to improve the network’s scalability and user-friendliness. The network’s integration with other blockchain technologies could further enhance its scalability potential and increase the number of users worldwide.

Conclusion

In conclusion, the increase in the number of bridging users on zkSync’s main network is a testament to the network’s reliability, security, and efficiency. The developers’ constant efforts to improve the user experience and facilitate fast and cheap transactions have contributed significantly to the network’s success. The future of zkSync looks promising, and it will be interesting to witness the network’s expansion and integration with other technologies.

FAQs

1. What is zkSync?
– zkSync is a Layer 2 scaling solution for the Ethereum network that aims to improve the network’s scalability and speed.
2. What is the role of bridging users in blockchain technologies?
– Bridging users are people who transfer their holdings from one blockchain technology to another. This transfer is not possible without using the bridging network.
3. What is the total value of bridging storage on zkSync?
– According to Dune Analytics’ latest data, the total value of bridging storage on zkSync is currently 245,579 ETH.