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ZKsync has launched its new incentive program, Ignite, which will distribute 300 million ZK tokens (valued at over $600 million) over the next nine months across multiple seasons. Within just two days of its launch, the program has already shown notable growth in the ecosystem, with a 100% increase in total value locked (TVL) and a 200% rise in daily trading volume. The program aims to bolster the adoption and utilization of ZKsync's platform, which is gaining traction among decentralized exchanges (DEXs). KOI Finance, a leading DEX on ZKsync, reported a 500% surge in volume and over 100% growth in TVL, highlighting the program's impact on the market. Other developments in the decentralized finance (DeFi) space include Ethena's announcement of a new yield product and Avalanche's launch of ecosystem grants.
Why choose KOI Finance? 🤔 We're the leading native DEX on @zksync, the ultimate L2 chain game-changer. Our TVL has grown over 100%, and our volume has surged 500% in recent days. 🚀 Our mission? Uncompromising security and safety. We remain a truly decentralized and… https://t.co/Nu3LvYxhGJ
$ZK taking over with @ZKsyncIgnite and things are heating up fast 👀 🚀 A nice comparison between $KOI ( @zksync native DEX) & $AERO ( @base native DEX) $USDC / $USDT pool... 🤯 Stats: @koi_finance: 50% efficiency with $2.7M daily volume @AerodromeFi : 64% efficiency with $2.9M…
The latest developments in DeFi👇 ZKsync released a 300M ZK DeFi incentive program Ethena announced plans to launch iUSDe, a yield product designed for institutional adoption, and bring sUSDe to Telegram for payments Avalanche launched the infraBUIDL(AI) ecosystem grants… https://t.co/xwWGsC2ptj