Investors flock to zkSync as DeFi ecosystem explodes, with over $110M in deposits and soaring native token prices
Investors are eagerly investing in projects launching on zkSync as hype around its potential governance token airdrop grows. Users are eagerly investing in zkSync projects and farming its expected native token, as L2BEAT data shows that over $115 million in funds have been bridged to zkSync just 10 days after its public mainnet launch. The DeFi ecosystem on zkSync has also seen explosive growth, with over $50 million in total value locked in DeFi applications on April 4, primarily driven by deposits made in decentralized exchanges and derivatives trading platforms.
Meanwhile, the prices of zkSync ecosystem tokens have skyrocketed since the mainnet launch, with GemSwap’s native token ZGEM jumping 10x to a high of $2.59 and SpaceFi’s token price increasing by over 300%. With room for growth given the DeFi TVLs on layer-2s like Arbitrum and Optimism, zkSync’s ecosystem is experiencing a positive explosion due to airdrop hype.
