Zircuit Staking Soars Past $2B in TVL, Signaling Surge Ahead of Mainnet

Zircuit, a ZK rollup offering parallelized circuits and AI-enhanced security, has witnessed a meteoric rise in its staking program, surpassing $2B in total value locked (TVL) within just 2 months. This surge in popularity has been fueled by the project's upcoming mainnet launch and its innovative Build to Earn program, which incentivizes community contributions and attracts top-tier launch partners.

Zircuit Staking Program Surges Past $2 Billion in TVL, Signaling Strong Momentum Ahead of Mainnet Launch

New York, NY - [Date] - Zircuit, a zero-knowledge (ZK) rollup protocol renowned for its parallelized circuits and AI-enhanced security, has announced a remarkable milestone in its staking program, which has surpassed $2 billion in total value locked (TVL) within just two months of its inception. This surge in TVL underscores the growing interest in Zircuit's innovative blockchain technology and the anticipation surrounding its upcoming mainnet launch.

Zircuit Staking Propels TVL Growth

The Zircuit Staking Program grants users the opportunity to accumulate Zircuit Points by depositing various assets, including ETH, liquid staking tokens (LSTs), liquid restaking tokens (LRTs), and USDe (Ethena USD). These points will hold the potential to be migrated to Zircuit's mainnet upon its launch. The rapid growth in TVL indicates a strong belief in the value proposition of the Zircuit platform among the cryptocurrency community.

Build to Earn Program Fosters Ecosystem Development

In conjunction with its staking program, Zircuit has also launched its "Build to Earn" initiative, a program designed to incentivize builders, founders, and community members who contribute to the Zircuit ecosystem. The program has already attracted over 1,000 submissions, showcasing the widespread enthusiasm for developing on Zircuit's platform.

Approved projects participating in the Build to Earn program will gain access to Zircuit's growing pre-launch community and TVL. This exposure will provide them with the opportunity to engage with users on one of the fastest-growing layer-2 protocols and leverage Zircuit's exceptional developer experience.

Renowned Launch Partners Join Zircuit Ecosystem

The Zircuit ecosystem has welcomed a notable roster of launch partners, including Ethena, Ether.fi, KelpDAO, Renzo, Hashflow, Galxe, Elixir, Blocto, Eigenpie, and others. The presence of these high-caliber partners further validates Zircuit's position as a promising platform for developers and ecosystem participants.

Mainnet Launch Anticipated in Summer 2024

Zircuit is currently in its testnet phase and anticipates launching its mainnet in the Summer of 2024. The team is dedicated to delivering a robust and scalable platform that will empower builders to create transformative applications within the blockchain ecosystem.

About Zircuit

Zircuit is a ZK rollup protocol that leverages parallelized circuits and AI-enabled security at the sequencer level. Founded by a seasoned team of web3 security experts and academic luminaries in computer science, algorithms, and cryptography, Zircuit has garnered the support of renowned investors such as Pantera Capital, Dragonfly Capital, and Maelstrom.

For further information, visit zircuit.com or connect with the team on Twitter @ZircuitL2.

Media Contact

Jessica Graber
Zircuit
[email protected]