The zkSync Era blockchain, launched just weeks ago, is experiencing a surge in activity, with over $100 million in value locked on the network. The Ethereum-based Layer 2 solution utilizes ZK rollups to offer improved transaction speeds and lower costs, attracting numerous DeFi and meme coin projects. Despite a muted launch, the ecosystem is rapidly growing, with projects like SyncSwap, Mute, and ZKDoge gaining traction.

May 07, 2024 at 04:01 am

Shiba Inu-themed meme coins have soared after Twitter's adoption of Dogecoin's mascot, but analysts caution that this surge may not indicate a long-term bull run. Traders warn that these moves often mark the final phase of a cycle, and suggest a potential sell-off ahead. However, long-term growth potential remains if fundamental features strengthen, as seen in Shiba Inu's Shibarium platform and Dogecoin's growing recognition.

Apr 03, 2024 at 03:03 am