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See the live zkSync price UK. Buy zkSync in the UK or add it to your Crypto Strategy.

zkSync

ZK

ZK to GBP Price

£0.1318

zkSync Market Cap

£484.2M

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ZK GBP price chart / performance

ZK GBP price chart / performance

Past performanceis not indicative of future results. GBP (£) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
+0.12%
Return (7D)
+14.18%
Return (1M)
N/A
Return (1Y)
N/A

My Investment

My Investment

Profit Taken
£0.00
0.00%
You Have:
Unrealised P/L
£0.00
0.00%

zkSync (ZK) History and Overview

zkSync (ZK) History and Overview

zkSync (ZK) is an advanced Layer 2 scaling solution for Ethereum, designed to enhance transaction speed and reduce costs without compromising on security. Launched by Matter Labs, zkSync leverages zero-knowledge rollup technology to aggregate multiple transactions into a single proof, significantly increasing throughput and making Ethereum more scalable and user-friendly. Since its inception, zkSync has aimed to provide low-cost, high-speed transactions while maintaining the robust security features of the Ethereum network.

Tokenomics and Functionality

zkSync employs a native utility token, ZK, which plays a crucial role in the platform’s ecosystem. ZK is used for transaction fees, staking, and participating in governance, allowing token holders to influence the development and strategic direction of the network. This decentralized governance model ensures that the community has a say in the project's future, fostering a collaborative environment. Additionally, zkSync's design supports compatibility with Ethereum wallets and existing infrastructure, making it accessible for developers and users.

The platform’s core functionality revolves around its ability to handle thousands of transactions per second while maintaining the security guarantees of the Ethereum mainnet. By using zk-rollups, zkSync ensures that transaction data is stored off-chain, while proofs are stored on-chain, offering a robust solution to Ethereum’s scalability challenges. This approach significantly reduces gas fees and enhances the user experience without sacrificing security.

Market Dynamics and Risks

zkSync has quickly garnered attention within the crypto community due to its innovative approach to scalability and its potential to alleviate Ethereum’s congestion issues. However, as with any emerging technology, zkSync faces risks, including technological challenges, market competition, and regulatory uncertainties. Investors should consider these factors when assessing the viability of ZK as part of their portfolio. The Layer 2 landscape is evolving rapidly, and zkSync must continuously innovate to maintain its competitive edge.

Liquidity and Trading

ZKS tokens are available on both decentralized and centralized exchanges, providing ample liquidity and trading opportunities for investors. The availability of ZK on multiple platforms ensures that users can access the token with ease and benefit from competitive pricing and liquidity. This broad availability supports active trading and enhances the token’s market presence.

Regulatory and Competitive Landscape

The landscape for Layer 2 solutions is highly competitive, with several projects vying to become the go-to scalability solution for Ethereum. zkSync’s use of zk-rollup technology sets it apart, offering a unique blend of scalability, security, and cost-efficiency. Regulatory developments in the crypto space will play a critical role in shaping the future of zkSync and similar projects, necessitating ongoing compliance and adaptability. zkSync's focus on user experience and low transaction costs positions it well against competitors.

Future Prospects

The future of zkSync looks promising, with plans to integrate more features and expand its ecosystem. Upcoming initiatives include enhancing its compatibility with other blockchain networks, fostering developer engagement through grants and incentives, and rolling out additional functionalities to support a broader range of decentralized applications (dApps). zkSync aims to continue its trajectory of growth by leveraging partnerships and community support.

How To Buy zkSync or Add it to your Strategy

The fastest, most convenient way to purchase zkSync is to purchase it on ICONOMI. We check zkSync live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy zkSync by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if zkSync is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy zkSync, we recommend you read the next section, as copying might be a better approach.

Add zkSync to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have zkSync in their structure.

Posts

Here you can read and comment on all posts made by Strategists about zkSync ZK. See all zkSync price predictions in real time and make the best use of their crypto knowledge.

Avatar
@MomenJaradat
16 Jul, 2024

📢 Update

BM Digital Assets Classification Standard (BM DACS)

 

As part of our regular review process, some assets have been added recently to @ICONOMI , such as $ZK, $ONDO, and we have classified them according to our sector classification methodology.


The classification is reviewed periodically to keep pace with changes occurring in the crypto market and appropriate industry regulation.

After any update to any project, its classification will be modified based on the project’s white papers.


You can take a look at our Digital Assets Classification Standard here.


Feel free to explore the changes and reach out if you have any questions or need further clarification.

I hope this helps you understand the crypto market in a simple way.


Thank you for your trust and continued support.


Best regards,

🔵The Strategist

@MomenJaradat

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4 people like this
Stable WCI
13 Jul, 2024

I'm observing the market daily, and what we are seeing is classic post-$BTC halving period behaviour. There have been some bearish events in the last days/weeks. Notably, the German government was selling their seized $BTC, which was quite a large amount. The good news is that they are done and now hold zero. On the bullish side, ETF news is promising. Yesterday saw another great day regarding ETF inflows, with the largest amount in over a month.


Crypto is somewhat boring at the moment, which is the perfect time to be active. I noticed that @ICONOMI added the $ZK token, which launched around a month ago. Despite being the most fudded project ever, zk-rollup technology is superior. The price is hovering around the VC entry level, indicating it's undervalued. I'm adding it to our position and personally holding a large bag. I doubt they will be selling for just a 10% profit.


I think with a bit more positive $ETH narrative, we could see nice action on L2 projects too. $ETH is undervalued in my opinion. It's always like this – nobody pays attention to it, and then suddenly we get a flood of bullish news. The ETF is around the corner, and while we don't know its exact impact on $ETH's performance, one thing is clear: we don't need billions to enter the market to see positive price action. $ETH's market cap is much lower compared to $BTC's, and most of it is locked.


$BTC dominance has been trending up for close to two years now, which is the longest period in its history. I believe we could see a shift after the $ETH ETF launch.


Have a nice weekend and just don't get shaken out. 😊



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5 people like this
Avatar
@ICONOMI
11 Jul, 2024

Starting today, ZKSync and ONDO are available for strategies on ICONOMI!


🔹ZKSync ($ZK) is a scaling solution for Ethereum, designed to enable fast and low-cost transactions without compromising on security. It uses zero-knowledge rollups to ensure efficient and secure off-chain processing, making it ideal for a wide range of decentralized applications.


Learn more about ZKSync HERE


🔹 ONDO ($ONDO) is a DeFi platform focused on providing structured products and yield-generating strategies. ONDO aims to offer users enhanced financial products with varying risk-return profiles, catering to both conservative and aggressive investors.


Learn more about ONDO HERE

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5 people like this

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zkSync Price FAQ

What Is the Highest Price of zkSync in GBP?

zkSync price UK history shows the highest value of 0.14 GBP . We recorded this price on July 17, 2024, but we cannot exclude that a higher price was registered before July 11, 2024.

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