ZKsync Sets Ambitious 2025 Goals Targeting 10,000 TPS and $0.0001 Transaction Fees

Layer 2 scalability solution ZKsync has announced its ambitious goal for 2025, targeting more than 10,000 transactions per second (TPS) while reducing the transaction fees to as low as $0.0001 by 2025.

Layer 2 scaling solution ZKsync has announced ambitious goals for 2025, aiming to achieve over 10,000 transactions per second (TPS) and reducing transaction fees to as low as $0.0001 for Ethereum-native ERC-20 tokens by 2025.

ZKsync is an Ethereum-based Layer 2 scaling solution that aims to improve the scalability, privacy, and security of the mainnet by utilizing zero-knowledge proofs (ZK-proofs). In its official blog post sharing the roadmap for 2025, ZKsync stated that it aims to enhance the platform’s usability and improve its performance by achieving 10,000 TPS.

Moreover, the roadmap discusses making ZKsync’s Elastic Network and ZK Stack the preferred choice for blockchain developers. Additionally, by dropping the median gas fee to less than $0.0001 for ERC-20 tokens, ZKsync will make its technology more appealing to developers.

In a Dec. 12 X post, ZKsync highlighted that advancing personal freedom for users and driving mass crypto adoption are key goals of the protocol. It noted:

“Today, Web2 builders are forced to make tradeoffs between Web3’s values and usability, often opting for centralized developer platforms. ZKsync’s answer is to create an elastic, cloud-like development environment without builders to choose between UX, performance, and security.”

ZKsync Focuses on Decentralization, Privacy

Layer 2 scaling platform ZKsync has been moving toward greater decentralization. Earlier this year in September, it launched its own decentralized governance model to enable community participation in shaping the development of the protocol. Its governance system features on-chain contracts designed to enhance transparency and strengthen decision-making processes.

Meanwhile, privacy will be essential for boosting the mainstream adoption of crypto. Many mainstream institutions are afraid to participate in decentralized finance (DeFi) due to the lack of privacy states in Web3.

According to Remi Gai, founder of Inco, confidential computing technologies could boost institutional participation and increase liquidity in the crypto market. During the FHE Summit 2024, Gai said the following:

“Institutions are still having a hard time entering the space because everything is transparent. If you enable an experience similar to what they’re comfortable with in Web2, suddenly, this could bring more liquidity, use cases, bigger participants and money to enter the space.”

Confidential computing technologies offer a great opportunity for financial institutions. With ongoing technological advancements, confidential computing could unlock an additional $1 trillion in capital for the crypto space.

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.