Ethereum Crosses Chain to zkSync Era: More Than 100,000 Addresses and $27.9 Million in Value

On March 27th, according to the Web3 Knowledge Map Protocol 0xScope monitoring, since the opening of the main network of zkSync Era, more than 100000 addresses have crossed the chain of Ethereum to zkSync Era. As of now, the number of Ethereum across the chain to zkSync Era is about 15900, with a value of about $27.9 million. At the same time, the daily activity of zkSync Lite has significantly decreased with the opening of the main network of zkSync Era.

Data: More than 100000 addresses have cross linked Ethereum to zkSync Era

The Web3 Knowledge Map Protocol 0xScope monitoring has reported that more than 100,000 addresses have crossed the Ethereum chain to zkSync Era since March 27th. The move to cross-chain has seen a value of about $27.9 million. As of now, the number of Ethereum across the chain to zkSync Era is about 15,900. However, reports indicate that daily activity in the zkSync Lite has significantly decreased since the opening of the zkSync Era main network.

The move to zkSync Era

Ethereum has been on an upward trajectory, recording a rise in its market value. As the digital currency gains traction, the need for more efficient transactions has become quite evident. This has led to the creation of second layer solutions, among them being the zkSync Era.
The zkSync Era, launched in March 2021, is a second-layer scaling solution developed on the ZK Rollup architecture. ZK Rollup is a scaling solution that allows for high throughput of transactions, resulting in an efficient and affordable network.
The zkSync Era’s entry to the market has been met with excitement as developers look to overcome the scalability issues seen in Ethereum. The zkSync Era’s scalability and speed have attracted developers and users, leading to the significant cross-chain migration.

Ethereum Cross Chains to the zkSync Era

The Web3 Knowledge Map Protocol 0xScope monitoring has reported a surge in Ethereum cross-chain migrations. Since the launch of the zkSync Era, more than 100,000 addresses have migrated to the second-layer solution.
The move to zkSync Era has seen the value transferred by these addresses rise to about $27.9 million. Although the number of addresses migrating continues to rise, the daily activity of zkSync Lite has decreased significantly. The decrease in activity is attributed to the launch of the mainnet network of the zkSync Era.

The Future of the zkSync Era

The zkSync Era has provided an efficient and affordable network for Ethereum users. The migration to the second layer solution is set to continue, with developers and users attracted to its scalability and speed. The eventual uptake of zkSync Lite will be determined by the results of its development.
In conclusion, the significant cross-chain migration from Ethereum to zkSync Era has seen more than 100,000 addresses migrate to the second-layer solution. The move has resulted in a value of about $27.9 million, with the number of addresses migrating continuing to rise. Despite the rise in cross-chain migration, the daily activity of zkSync Lite has decreased since the launch of the mainnet network of the zkSync Era.
# FAQs
Q: What is Ethereum?
A: Ethereum is a decentralized, open-source blockchain featuring smart contract functionality.
Q: What is the zkSync Era?
A: The zkSync Era is a second-layer scaling solution developed on the ZK Rollup architecture.
Q: What is cross-chain migration?
A: Cross-chain migration refers to the movement of crypto assets or tokens from one blockchain to another.