Today’s ZKSwap status: As of 18:00 GMT on May 14th, 2021

  • TVL $460 million
  • Liquidity $203 million
  • Transaction 4940 (24 hrs transactions)

Many of those will start with the questions like what’s ZKSwap and why ZKSwap?

ZKSwap is a ZK-Rollup-based layer2 DEX using the AMM model. ZKSwap transfers ETH and ERC20 tokens from the Ethereum network to layer2, using ZK-Rollup to maintain the consistency between the two layers and solving the bottlenecking issues derived from the Ethereum network, such as low TPS, long latency, congested network, and high gas fees.

On ZKSwap, token swap, transfer, and adding/removing liquidity are executed…


Today’s ZKSwap status: As of 18:00 GMT on May 13th, 2021

  • TVL $535 million
  • Liquidity $224million
  • Transaction 8244 (24 hrs transactions)

What would be considered the greatest significance of Layer-2 to the development of Ethereum and the entire blockchain?

Layer-2 is essentially a protocol. And this protocol mainly executes calculations, transactions, and other logic outside the native blockchain (Layer-1). Only the final result is reflected on the native blockchain. The intermediate process is not recorded on the native blockchain. In the end, the native blockchain will only verify these transactions to ensure security. …


Today’s ZKSwap status: As of 18:00 GMT on May 11th, 2021

  • TVL $710 million
  • Liquidity $285million
  • Transaction 5231(24 hrs transactions)

ZKSwap is now available at Messari, click here to check.

And you might have read it in our weekly Dev report of what is planned for this month. Here’s a quick go-through of our milestones for May.

  • Android and iOS Beta V2 Launch for Testing: We will release another beta version of ZKSwap mobile app based on constructive feedback and initiate a new round of small-scale testing which includes a community campaign with rewards. Stay tuned for more information.
  • V2…


Core and Underlying Code Updates

Development on Smart Contracts

  • Code Completed, continue testing unlimited token listing of ZKSwap V2

Development on Circuit

  • Unlimited token listing circuit development — completed, under testing

Service Layer

  • Deployed ZKSwap V1 on OKEx Chain, BSC, and HECO under test environment https://dev.zks.app/
  • Added Pol campaign incentives and collection features; significantly reduced minimum amount to participate in the campaign

Fundamental Product and Development Kit Upgrade

ZKSwap Browser

  • Fix display error due to underpriced number

Website App

  • New manual earnings collection feature
  • Added the pol and manual feature to participation in mining

ZKSwap Official Website

  • Completed the new…


Today’s ZKSwap status: As of 18:00 GMT on May 10th, 2021

  • TVL $751 million
  • Liquidity $301 million
  • Transaction 9143(24 hrs transactions)

We just kicked off the 4th round PoL and PoT mining TODAY! The campaigns will last for 14 days and end at 18:00(GMT+8) on May 24th. Check the specific rules and rewards to learn more.

This round will retain the popular trading pairs and distribute more rewards for ZKS-related trading pairs. We also added SHIB/ZKS and AKITA/ZKS trading pairs into the pool. Mining rewards have been changed to the manual collection by users, enabling more flexibility.

We have recently…


More mining rewards for ZKS-related trading pairs

The third batch of ZKSwap liquidity mining (PoL) and transaction mining (PoT) has officially ended at 18:00, May 10, 2021, Beijing time. During the event, more than 5,000 users participated and shared the ZKS rewards. The TVL on ZKSwap also stabilized at 600+ million U.S. dollars, ranking №1 in all layer2 dexes.

To allow more users to participate in the mining activities, ZKSwap decided to start the 4th batch of liquidity mining (Proof-of-Liquidity) & transaction mining (Proof-of-Transaction) campaign. The 4th batch will retain the popular trading pairs in the third batch and distribute more rewards for ZKS-related trading pairs. …


The 3rd ZKSwap PoL mining is approaching an end, amassing a total TVL of over $670 million and liquidity over $ 300 million. We are excited to announce that the 4th Proof-of-liquidity and Proof-of-Transaction mining campaign will kick off on May 10th.

In the 4th PoL and PoT mining, the mining rewards to stablecoins and single coin mining will be further reduced, with more rewards for ZKS trading pairs.

The newly listed SHIB and AKITA tokens will also join the PoL and PoT minings.

Other optimizations for the 4th mining campaign include PoL participants needs to log in and activate…


Thanks for the 1,000+ users testing the beta APP and giving feedback

The ZKSwap App beta testing with rewards has officially ended. Nearly a thousand users completed required tasks and shared the ZKS rewards. All rewards have been sent to the eligible users’ Layer2 addresses.

In addition, the forum feedback reward activity is in progress, and users are welcomed to participate.

The ZKSwap App(iOS & Android) beta version was officially introduced to the global community in mid-April, and it has been running smoothly for more than half a month. During which the number of App users has exceeded 1,000. The ZKSwap team has updated the Mobile APPs based on community feedback.

ZKSwap…


How to vote on ZKSwap governance proposals on Snapshot via gZKS

Dear ZKSwap community,

As you may know, we have seen the first proposal of ZKSwap governance on Snapshot. Here is a quick tutorial of using gZKS to vote on ZKSwap proposals on Snapshot.

  1. Go to https://zks.app/en/wallet and Connect Wallet, Unlock Wallet;
  2. Withdrawal your gZKS to your L1 wallet address with a minimum of 10 gZKS; the gZKS withdrawal is transaction fee-free;


A Letter to ZKSwap Community,

Dear All,

We have accomplished some amazing work lately together in April.

In April, we completed the contract and circuit development for unlimited token listing, released gzks and community governance policy, as previously planned for April. We have also continued the routine work — updating, developing and optimizing the website, App, and browser.

And today, we are very excited to announce the launch of ZKSwap Layer2 for All Program as beta sites of BSC, HECO and OKChain have now supported ZKSwap V1 and we have debugged all core features.

This is major progress as the…

ZKSwap

ZKSwap is a ZK-Rollup-based layer-2 DEX with the AMM model. Website: https://zks.org/en

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