ZKSYNC AİRDROP

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22 Jan 2024

125

Impressive numbers given the team launched its mainnet to the public just 9.5 months ago.

Token Economics

Coming soon: zkSync has not yet launched its token or provided details as to allocations, vesting schedules, airdrops, etc.

Market comps

Over the last 180 days, zkSync is number one amongst its peers in terms of:

Revenue
Average daily active users
User retention
Transactions/day
Core developers
Transactions per second

Team

Matter Labs has a total of 116 employees today per LinkedIn.
In terms of code commits, the project has had 95 contributors per Github data — with 20 developers committing code at least 10 times over the last few months as the development focus has shifted to zkSync Era (an updated version of the protocol with EVM compatibility). We can see this shift by observing the project’s Github activity — which is active and fully open-sourced (MIT license).
Prior to zkSync Era:

zkSync Era:
Current job openings:
Matter Labs currently has 18 job openings within the following categories:

Engineering - 8 positions
Marketing - 2 positions
Product - 2 positions
Research - 3 positions
Security - 3 positions

Investors

In total, Matter Labs has raised over $456 million across four rounds.
Series C November ‘22: $200m. The latest round was led by Blockchain Capital and Dragonfly with participation from Andreesen Horowitz, LightSpeed Ventures, and Variant.
Bridge round January ‘22: $200m. BitDAO (a DAO-directed treasury with over $2.6b in its coffers) announced a $200m contribution to the zkSync ecosystem via zkDAO — which is using the funds to help expand the zkSync ecosystem through public goods and infrastructure, security frameworks, and development grants.
We believe this investment round was strategically used to seed many projects on zkSync prior to mainnet launch. As such, when the L2 went live 9.5 months ago it was immediately active — manifesting today in some impressive onchain usage compared to its peers.
Series B November ‘21: $50m. Led by Andreesen Horowitz with participation from its existing investors Placeholder and Dragonfly Capital. New investors included Crypto.com, Consensys, Blockchain.com, Alchemy, and OKEx.
Series A February ‘21: $6m. Union Square Ventures, Andreesen Horowitz, Placeholder, Dragonfly, and 1kx.
Seed September 2019: $2m. Placeholder, Dekrypt Capital, Dragonfly Capital, Hashed Fund, 1kx.

Community

zkSync Twitter: 1.3m followers
Alex Gluchowski Twitter: 29.5k followers
Reddit: 6.7k members
In addition to boasting a large Twitter account, zkSync is well-connected with many influential VC firms and vocal investors on Twitter.

Conclusion

zkSync has a mission-driven team that has demonstrated the ability to innovate and execute over the last 3+ years. The project is well-funded, networked, and backed by some of the most prominent venture capital firms in crypto. Additionally, they were first to market for zero-knowledge rollups and have seen significant onchain activity since launching mainnet just 9.5 months ago.
Optimistic rollups (Arbitrum, Optimism, Base) have largely dominated the discussion as it pertains to Ethereum rollups/L2s — but we are expecting the narratives to shift toward zero-knowledge rollups this year.
When this occurs, we expect to see zkSync capture more of the market’s attention — which could potentially coincide with the launch of the project’s token.