ZkSync, Ethereum Layer-2 Network, Hints at Airdrop By End of June
Zero-knowledge rollup zkSync plans to conduct a governance token airdrop by the end of June. The possibility of an airdrop has been discussed since March last year, when investors moved over $8 million worth of tokens to zkSync to qualify. The total value locked has since increased to $141 million. zkSync is a layer-2 network designed to scale Ethereum by performing computation and storing data off-chain. Transaction fees have become significantly cheaper following Ethereum's Dencun upgrade in March, which allowed layer-2 networks like zkSync to compress transactions before sending them in batches to the Ethereum mainnet. The upcoming token issuance follows a series of airdrops over the past year. Matter Labs, the developers of zkSync, have raised a total of $458 million across several funding rounds from Blockchain Capital and Dragonfly Capital.
