BEAMSTART Logo

HomeNews

ZKsync sunsets liquidity program amid bearish market

Coin Telegraph LogoCoin Telegraph11h ago

ZKsync sunsets liquidity program amid bearish market - Coin Telegraph

Quick Summary:

ZKsync said it would focus its resources on its Elastic Network, an architecture that aims to transform the platform into an ecosystem of interconnected zero-knowledge (ZK) chains.“Our long-term vision for ZKsync is increasingly centered on the Elastic Network, and we want to focus our resources to accelerate this becoming a reality,” the project stated. It said that pouring its resources into a single-chain program does not align with this interoperability goal. Cointelegraph reached out to Matter Labs, the company behind ZKsync, for comment, but had received no response at the time of writing.

Source: ZKsync IgniteNavigating a bearish crypto marketThe team acknowledged that current market conditions influenced the decision to end Ignite.“To stay sustainable, we’re tightening our focus and spending smarter rather than fighting headwinds,” the team said. ZK tokens performed well in 2024, reaching a high of $0.26 on Dec.8.

Source: CoinGeckoRelated: ZKsync targets 10K TPS and sub-zero fees by 2025 roadmap goalsZKsync Ignite boosted the project’s TVL to $270 millionAccording to ZKsync, the program surpassed its goal of driving DeFi total value locked (TVL) to $100 million.

or

Article Details

Author / Journalist: Cointelegraph by Ezra Reguerra

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 11:21:36 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26988777

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 563 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "ZKsync sunsets liquidity program amid bearish market" has 409 words across 20 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "ZKsync sunsets liquidity program amid bearish market" was covered 11 hours ago by Coin Telegraph, a news publisher based in United States.

How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 563 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #26988777
  • URL: https://beamstart.com/news/zksync-sunsets-liquidity-program-amid-174195169720

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2025 BEAMSTART. All Rights Reserved.