Community rushes to bridge assets to zkSync thanks to retroactive Arbitrum

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Coin68
03-20
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The retroactive trend once again exploded thanks to the token AirDrop effect of Arbitrum. One of the most retroactive projects by the community is zkSync.

Community rushes to bridge assets to zkSync thanks to retroactive Arbitrum

The hottest news in recent days is that Arbitrum announced the AirDrop of its own token ARB on March 23 . The AirDrop calculation base is based on many user activity criteria, but in general, those who are "hard" to do retroactive early on are rewarded.

Compared to a rival project that also uses the same strategy, Optimism with OP token , analysts are having very positive predictions for the ARB price. Moreover, the announcement of the ARB listing by Binance further pushed the hype to the climax.

This information ignited the flames of the retroactive movement once again. The community rushes to find quality projects that have not yet issued tokens to compete for "retro" waiting for the opportunity to "change life".

There have been a series of potential names mentioned such as LayerZero , zkEVM Scroll solution , web3 social network Lens Protocol or Metamask wallet, etc.

In particular, according to on-chain data from Nansen , users are focusing the most on the retroactive capabilities of zkSync – a layer-2 solution belonging to the zk-Rollups group on Ethereum.

👀 We see a massive surge in bridging activities after Arbitrum announced their AirDrop

For instance, there were 5 times as many addresses bridged to @zksync as the week before

In total, nearly 39,000 addresses have bridged over $871 million to zkSync pic.twitter.com/Se83qkZ4Oa

— Nansen | 📍Paris Blockchain Week (@nansen_ai) March 20, 2023

Specifically, there was 8 million USD in asset value transferred to zkSync, 5 times higher than 7 days ago.

In order to have coin assets to use in swapping, trading or NFT trading on the zkSync network, users need to transfer coins from other networks to zkSync, and mostly from the Ethereum network. Therefore, the increase in the number of assets and the increase in new wallet addresses proves that the project is attracting more and more attention.

However, it is not always a happy story for a project to issue tokens and reward users. For example, the drama last weekend related to DefiLlama's "internal turmoil" after announcing the preparation of the token AirDrop .

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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