zkSync

zkSync is a blockchain project based on a technology called zk-rollups, short for Zero-Knowledge Rollups. This technology aims to make transactions on the Ethereum network faster and cheaper by executing transactions outside of the mainnet (Layer 2), then sending cryptographic proofs to the mainnet.

The official zkSync coin is often called “ZK.” However, it was recently launched (around April 2024) and has been long anticipated by the community due to high expectations for the network’s success.

Some key points about zkSync:

• The network is built to enable fast transactions with very low gas fees compared to Ethereum.

• It supports smart contracts written in Solidity (the same language as Ethereum).

• It is backed by Matter Labs.

• The project places a strong emphasis on security through the use of zero-knowledge proofs (without revealing transaction details).

• ZK was launched with a distribution system that includes an Airdrop for early adopters and supporters of the project.

In terms of investment, ZK is a promising project, but like any new cryptocurrency, the price may experience violent fluctuations at first.

Advantages of the zkSync project:

1. Very Low Transaction Fees

• Due to the use of zk-rollups technology, fees are significantly cheaper than the Ethereum main network.

2. High Processing Speed

• Thousands of transactions can be processed per second, making it suitable for high-performance applications such as decentralized games, DeFi, and NFTs.

3. Strong Security

• zkSync uses Zero-Knowledge Proofs, which provides a level of security almost comparable to the Ethereum network itself.

4. Smart Contract Support

• Developers can build applications directly using the same tools (Solidity) they use on Ethereum.

5. Better User Experience

• Faster transactions and lower fees mean easier use and a more traditional app experience.

6. Strong Community and Support

• The project is backed by major investors and strong partnerships in the crypto world.

7. Long-Term Vision

• The team is working on updates like zkSync Era, which aim to make the network more decentralized over time.

Disadvantages of the zkSync project:

1. Intense Competition

• Other projects use similar technologies, such as Arbitrum and Optimism, and some are currently more popular.

2. Risks of Centralization (Initially)

• Some decisions are still relatively centralized and under the team’s control, although they plan to gradually transition to decentralization.

3. Limited Adoption Currently

• Despite the excellent technology, zkSync has not yet reached the adoption level of major projects like Arbitrum or Polygon.

4. Minor User Experience Issues

• Some decentralized applications (dApps) require modification to run efficiently on zkSync, which may hinder rapid deployment.

5. ZK Price Volatility

• The coin is relatively new, which means its price can be highly volatile (with sharp ups and downs).

6. Risks of New Technology

• Although zk-rollups are a very promising technology, it is still relatively new, and unforeseen technical challenges may arise.

Expected market cap for zksync Token in bull run:

1. Current Situation (2025)

• The ZK coin was recently launched.

• The current price, according to rough estimates, is around $0.2–$0.3 (this may change depending on the market at the time of reading).

• The total supply of ZK coins is 21 billion.

• However, the current circulating supply (in the market) is much lower due to the vesting periods for investors and developers.

For example, let’s assume the current circulating supply is around 3–4 billion ZK.

Based on this, the current market cap is:

If the price is $0.25 x 4 billion coins = $1 billion, the approximate market cap is $1 billion.

2. Expectations for the Next Bull Run

If we enter a strong bull run (like what happened in 2021), Layer 2 projects usually explode.

Reasonable expectations for MarketCap ZK in a bull run:

• These estimates assume that the circulating supply will gradually increase over time (due to the gradual de-blocking of coins).

• Market capitalization depends on the general market situation (e.g., whether Bitcoin is above $100,000 or not).

• Competition from other networks may also have a significant impact (Arbitrum, Optimism, Starknet, etc.).

• First Unlock : Jun 17 2025 (770.00M Tokens = 3.67% of Max Supply) Totoal is unlock is 4.44B.

• Next Month Unlock : Jul 17 2025 (173.04M Tokens = 0.82% of Max Supply) Totoal is unlock is 4.62B

• Next Month Unlock : Aug 17 2025 (173.04M Tokens = 0.82% of Max Supply) Totoal is unlock is 4.79B

Each month 0.82 of the total supply will be unlocked.

• Jan 17 2026 (173.04M Tokens = 0.82% of Max Supply) Totoal is unlock is 5.66B

• Jan 17 2027 (173.04M Tokens = 0.82% of Max Supply) Totoal is unlock is 7.73B

• Jan 17 2028 (173.04M Tokens = 0.82% of Max Supply) Totoal is unlock is 9.81B

About 11 billion tokens. We do not know when they will be unlocked or for what purpose they will be distributed, but they will most likely be burned if the project does not encounter funding problems.

Conclusion:

• zkSync is a technically robust project with a promising future if development and user adoption continue.

• However, it is not without its market challenges, competition, and the usual market fluctuations associated with cryptocurrencies.

• Potential market cap for Bull Run: $4 to $10 billion.

• Moderate inflation may help fund network development and attract users. However, high inflation without real demand may lead to a devaluation of the currency.