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zkSync Leads the Way in NFT Volume, Outperforming Arbitrum and Optimism

Madonna by Madonna
09/11/2023
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In response to the surging demand for non-fungible tokens (NFTs) on Layer 2 (L2) solutions, zkSync has emerged as the frontrunner, surpassing all other L2 platforms in NFT transaction volume since their respective mainnet introductions, as per data compiled by NFTScan.

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zkSync initiated its mainnet launch on March 24th, positioning itself as a robust scaling solution designed for Ethereum [ETH], employing the innovative zero-knowledge rollup (ZK-rollup) technology. ZK-rollups represent a subset of L2 scaling solutions that harness cryptographic proofs to validate transactions off the Ethereum mainnet, thereby enabling significantly elevated throughput and reduced gas fees compared to Ethereum’s native network.

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What sets zkSync apart is its remarkable achievement of processing over 160,000 ETH in NFT transactions within an impressive 12-month timeframe, as corroborated by data from NFTScan. This accomplishment is particularly noteworthy given that zkSync commenced its mainnet operations two years after the debuts of Optimism [OP] and Arbitrum [ARB].

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In stark contrast, Arbitrum and Optimism have collectively facilitated NFT sales aggregating 32,611 ETH and 8,126 ETH since their respective mainnet launches in 2021.

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Madonna

Madonna

Madonna, the esteemed author of our blockchain website, is a recognized authority in the field. With a wealth of experience and expertise, she brings a profound understanding of blockchain technology. Her professional insights and commitment to excellence make her a trusted source for navigating the complexities of the blockchain industry.

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