The Ethereum ecosystem is home to various Layer 2 scaling solutions. Every project tries a slightly different approach, yet zkSync’s team is confident they stand out in security and usability. The on-chain data availability and use of zkRollup technology ensure there is no need for operational activity to keep funds safe. Even if users were to not transaction for months on end, they could still withdraw assets without external aid.

The concept of zkRollups has been touted as “viable for payments, exchange, and other application-specific use cases” by Vitalik Buterin. Moreover, Buterin expects zkRollups to become the favorable option for all use cases thanks to ongoing ZK-SNARK technology improvements. Thus, it is a different but potentially more suitable approach than optimistic rollups.

Even if the Ethereum network were to get congested again – for any reason – zkSync will function exceptionally well. An overloaded network poses no threats to assets in zkSync, and its regular operation should remain unaffected regardless of amounts. Even if a high gas price is required to get zkSync blocks mined at high priority, those fees will be minimal compared to Layer 1 costs.

zkSync can be used to transfer ether (ETH) and ERC20 tokens. The full list of currently supported tokens is available under this link (https://zkscan.io/explorer/tokens/).

In the below charts I showed some data about erc20 tokens deposits to zksync in last 60 days:

As it was predictable, ETH had the most share of deposits(more than 69%). USDC is in the second rank of deposit amount with 15.2% share, USDT and WBTC were in the third and fourth rank. Other tokens had less than 4% share of total amount that deposited to zksync.

ETH had the most amount of deposit on May 10th.

USDC, USDT and WBTC had the most amount of deposits on May 11th.