1. PixelPlaygroundHome
  2. Web3 News

The Surge in Daily Active Users on zkSync and StarkNet After Arbitrum’s Air Drops

• Web3 News • 102 views

On March 20th, the Web3 Knowledge Map Protocol 0xScope tweeted that the number of daily active users on zkSync and StarkNet had increased by about 10 times after Arbitrum announced

The Surge in Daily Active Users on zkSync and StarkNet After Arbitrums Air Drops

On March 20th, the Web3 Knowledge Map Protocol 0xScope tweeted that the number of daily active users on zkSync and StarkNet had increased by about 10 times after Arbitrum announced that it would conduct air drops.

After Arbitrum announced the air drop, the number of daily active users on zkSync and StarkNet increased significantly

Introduction

On March 20th, the Web3 Knowledge Map Protocol 0xScope tweeted that the number of daily active users on zkSync and StarkNet had increased by about 10 times after Arbitrum announced that it would conduct air drops. This sudden surge in daily active users is significant and may have long-term impacts on these networks. Let’s dive deeper into the reasons behind the increase in users and how it can affect the blockchain ecosystem.

The Role of Arbirtum’s Air Drops

Arbitrum’s air drops have been a major boost for the Ethereum Layer-2 scaling solutions, zkSync and StarkNet. The air drops were designed to incentivize users to start using the networks, and it appears that they have been successful. These air drops reward users with tokens for using the networks, thus creating a positive loop of increasing usage and demand for the networks.

The Differences Between zkSync and StarkNet

Both zkSync and StarkNet are Layer-2 scaling solutions for Ethereum, but they have significant differences in their technology and design. zkSync is a rollup that uses zero-knowledge proofs to batch transactions and minimize gas fees, while StarkNet is a ZK-Rollup that combines zero-knowledge proofs with off-chain computation to increase scalability. Despite their differences, the air drops seem to have had a similar effect on both networks.

What the Surge in Daily Active Users Means for the Ecosystem

The sudden surge in daily active users on zkSync and StarkNet can have important implications for the blockchain ecosystem. First, it demonstrates that Layer-2 scaling solutions are becoming more widely adopted, which can lead to more decentralized finance (DeFi) applications being built on top of these networks. Second, it shows that air drops can be a powerful tool for incentivizing users to start using new networks. We may see more projects in the future follow Arbitrum’s example and use air drops to bootstrap new networks.

The Future of zkSync and StarkNet

The increase in daily active users on zkSync and StarkNet is a positive development for both networks, but it also raises questions about their long-term sustainability. Can the networks handle a large influx of new users without compromising on their security and decentralization? Will other scaling solutions such as Optimism and Polygon be able to compete with these networks? These are important questions that will need to be addressed in the coming months and years.

Conclusion

The surge in daily active users on zkSync and StarkNet after Arbitrum’s air drops is a significant development for the blockchain ecosystem. It demonstrates that Layer-2 scaling solutions are becoming more widely adopted and that air drops can be an effective tool for incentivizing users to use new networks. While there are still questions about the long-term sustainability of these networks, the future looks bright for zkSync and StarkNet.

FAQs

Q: What are Layer-2 scaling solutions?
A: Layer-2 scaling solutions are solutions that are built on top of the Ethereum network to increase its scalability and capacity.
Q: What are air drops?
A: Air drops are a marketing technique used by blockchain projects to distribute free tokens to users.
Q: Can the sudden surge in daily active users compromise the security of these networks?
A: The sudden surge in daily active users can put pressure on these networks, but both zkSync and StarkNet have been designed to handle a large number of users without compromising on security or decentralization.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/10597/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/20/2023 10:06
Next 03/20/2023 10:33

Recommended articles