Zircuit Staking Soars Past $2B TVL, solidifying its dominance as a leading ZK Rollup

Zircuit, a ZK rollup with parallelized circuits and AI-enabled security, has seen its staking program surge past $2B in Total Value Locked (TVL) within just two months. The rapid growth in TVL highlights the momentum behind Zircuit as it progresses towards its mainnet launch. Zircuit Staking enables users to earn rewards in Zircuit Points by depositing assets, which can be transferred to Zircuit's mainnet upon launch.

Zircuit Staking Surges Past $2 Billion TVL, Cementing Its Position as a Leading ZK Rollup

George Town, Grand Cayman, April 23, 2023 - Zircuit, the groundbreaking ZK rollup with parallelized circuits and AI-empowered security, has announced a remarkable milestone in its staking program, surpassing $2 billion in Total Value Locked (TVL) within a mere two months.

As Zircuit's highly anticipated mainnet launch draws closer, the staking program has witnessed an exponential surge in popularity, attracting crypto enthusiasts and investors alike. By participating in Zircuit Staking, users have the opportunity to secure Zircuit Points by depositing various assets, including ETH, liquid staking tokens (LSTs), liquid restaking tokens (LRTs), and USDe (Ethena USD). These points can be subsequently migrated to Zircuit's mainnet upon its official debut.

Zircuit's impressive growth trajectory is further amplified by its innovative Build to Earn program, launched in March to incentivize developers, founders, and community members who actively contribute to the burgeoning Zircuit ecosystem. This program has garnered over 1,000 submissions to date, showcasing the immense appeal of Zircuit's platform and unwavering commitment to empowering the community.

Approved projects within Zircuit's Build to Earn initiative will benefit from access to a rapidly growing user base and a thriving developer ecosystem, unlocking unprecedented opportunities for collaboration and innovation. Additionally, participants have the potential to receive rewards for their contributions, further fueling the growth of the Zircuit ecosystem.

Zircuit's growing pre-launch TVL and thriving community have solidified its position as one of the most promising Layer 2 (L2) solutions in the blockchain landscape. Among its esteemed launch partners are industry leaders such as Ethena, Ether.fi, KelpDAO, Renzo, Hashflow, Galxe, Elixir, Blocto, Eigenpie, and numerous others.

Zircuit is currently in testnet, with its mainnet launch eagerly anticipated in Summer 2024. To participate in Build to Earn, visit https://build.zircuit.com/. To join Zircuit Staking, navigate to https://stake.zircuit.com/.

About Zircuit

Zircuit is a next-generation ZK rollup that leverages parallelized circuits and AI-powered security at the sequencer level. Developed by a team of cybersecurity veterans, academic luminaries in computer science, algorithms, and cryptography, Zircuit has garnered unwavering support from renowned venture capital firms, including Pantera Capital, Dragonfly Capital, and Maelstrom.

To stay abreast of Zircuit's groundbreaking advancements, visit zircuit.com or follow @ZircuitL2 on Twitter.

Media Contact:

Jessica Graber
Zircuit
jessica@zircuit.com