WEB3
by BSCN
October 23, 2023
The new zkEVM solution has recorded significant progress, attracting substantial capital inflow and a growing user base in less than a week of mainnet launch.
Barely six days since its mainnet launch, Ethereum Layer 2 network Scroll is attracting significant capital inflow and drawing a swarm of new users.
A new contender in the zero-knowledge Ethereum Virtual Machine (zkEVM) space, the Scroll mainnet follows 15 months of extensive testing and rigorous security audits across three different testnets.
Notable milestones observed during this period include the deployment of over 450,000 smart contracts, an average of 305,000 transactions per day with over 90 million total transactions across 9 million blocks, and the generation of 280,000 ZK proofs.
In the wake of its successful launch on October 17, the Total Value Locked (TVL) within the protocol has surged to an impressive $15.16 million as of October 23, according to data from Layer 2 analytics platform L2Beat. This milestone reflects the growing confidence and interest in the network.
The network’s adoption is further evident as over 6782 ETH ($11,351,980) has been bridged according to a Dune Analytics dashboard
Furthermore, Scrollscan data reveals that the number of unique addresses reached 84,500, exhibiting a substantial daily increase of 12,579. Scroll has also witnessed its transaction activity peak at 101,375 on October 22.
As of the time of this report, approximately 65.56 ETH, equivalent to $109,730 has been spent on gas on the Scroll mainnet bridge.
Scroll aims to adhere to high security standards by leveraging battle-tested cryptographic libraries, notably including halo2. Furthermore, the codebase undergoes periodic scrutiny from the community members.
“Our bridge and rollup contracts were audited by OpenZeppelin and Zellic; the zkEVM circuits were reviewed by Trail of Bits, Zellic, and KALOS, and the node implementation was analyzed by Trail of Bits,” Scroll said in a statement.
In addition, Scroll has launched a well-funded bug bounty program on Immunefi.
Founded in 2021, Scroll emerges as a rollup solution, contending with established zkEVM solutions like Polygon. The new layer 2 enhances Ethereum's capabilities through innovative zero knowledge technology and Ethereum Virtual Machine (EVM) compatibility.
Scroll's zkEVM employs a technically intricate, bytecode-level integration, utilizing the same code as Ethereum applications, which allows developers to easily integrate their applications into the Layer 2 network. Among other zkEVM solutions working to enhance Ethereum’s scalability include immutable, zkSync, and StarkWare.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
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