On March 12th, 2024, Chainwire – Singapore, Singapore – zkLink proudly announces the public mainnet launch of zkLink Nova, the first Aggregated Layer 3 zkEVM rollup network based on zkSync’s ZK Stack and zkLink Nova. This marks a groundbreaking advancement in the blockchain industry.
zkLink Nova unifies liquidity and assets from Ethereum and Layer 2 rollups onto one interoperable platform, providing developers with a zkEVM-compatible decentralized application (dApp) deployment through the ZK Stack Hyperchain. This streamlines the development process and offers a more efficient solution for dApps.
One of the major obstacles in the Ethereum ecosystem has been the fragmentation of liquidity across Layer 2 blockchains, the complexities of multi-chain dApp development, and poor user experience due to isolated assets and applications. But with zkLink Nova as an Aggregated Layer 3 Rollup, these issues are addressed.
The mainnet launch of zkLink Nova is made possible through its collaboration with leading Layer 2s, including Arbitrum, Linea, Manta, Mantle, and zkSync. This integration enhances liquidity and asset transfers across the Ethereum ecosystem, creating a more unified and efficient blockchain environment.
According to Vince Yang, CEO and co-founder of zkLink, “This represents a major milestone for both zkLink and the wider Ethereum ecosystem as dApps will have access to broader liquidity and more users, potentially unlocking exciting new use cases for their existing L2 assets.”
The integration of Layer 2s with zkLink Nova demonstrates a shared vision for a more interconnected and efficient blockchain ecosystem. The Aggregated Layer 3 concept pioneered by zkLink Nova is the solution to the Layer 2’s need for more interconnection among ecosystems. Its general-purpose architecture allows developers to easily build, deploy, and scale dApps using Solidity smart contracts without the added complexity of working with multiple chains.
Moreover, Nova’s Aggregated Layer 3 environment eliminates bridges and gas fees, reducing security risks and improving user experience. By utilizing ZK Proofs in its architecture, every transaction on Nova undergoes verification before being processed, providing Ethereum-grade security.
Declan Fox, Linea Product Lead, explains, “The Nova Aggregated Layer 3 mainnet utilizes Linea as the primary rollup for ZK proof-verification through zkLink’s Nexus settlement layer technology. Being secure, EVM-equivalent, and cost-effective, Nova leverages Linea’s ZK-Rollup for faster multi-chain state synchronization and hard finality that settles on the Ethereum network.”
For DApp users, zkLink Nova simplifies asset transfers across Ethereum and Layer 2s while keeping transactions secure. Users can directly deposit their assets from Ethereum or any integrated Layer 2 into zkLink Nova’s unified platform for seamless transactions and interactions within its dApp ecosystem.
In summary, zkLink Nova’s mainnet launch is a major step towards solving Ethereum’s liquidity fragmentation problem and simplifying multi-chain complexities. By uniting major Ethereum Layer 2s, zkLink Nova is at the forefront of advancing the blockchain of value and realizing a unified and interoperable rollup ecosystem with greater capital efficiency for all users.
About zkLink:
Dedicated to unifying liquidity and scaling the Ethereum ecosystem, zkLink is pioneering Aggregated Rollup solutions to bridge the ecosystem silos within the blockchain space. By facilitating a more interconnected, efficient, and accessible digital asset environment, zkLink is driving forward the vision of a unified and decentralized blockchain ecosystem without boundaries.
About zkLink Nova:
zkLink Nova is the first Aggregated Layer 3 Rollup zkEVM network that brings unprecedented liquidity and asset aggregation to Ethereum and its Layer 2 Rollups. Built with ZK Stack and zkLink Nexus, it leverages ZK Proofs to enhance scalability and security. Developers enjoy an open platform for deploying Solidity smart contracts and instantly tapping into integrated networks like Arbitrum and zkSync. Nova simplifies DeFi by presenting a unified ecosystem for users and DApps, promoting a seamless blockchain experience.
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Contact:
Jake Morakis
jake.morakis@zklink.io
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