OKX Ventures, the investment arm of major crypto exchange and Web3 technology company OKX, invested in zkLink today. zkLink Labs creates blockchain infrastructure zero-knowledge (ZK) solutions to scale and unify Ethereum and Ethereum Layer 2 Rollup assets.
By utilising zk-Proofs for security and scalability, It’s flagship Aggregated Layer 3 zkEVM network (L3), zkLink Nova, seeks to lessen liquidity fragmentation, or capital that is stranded across several siloed blockchains.
On a single L3, Nova provides customers with an open platform to access pooled assets for capital-efficient transactions.
In less than two months after launching its mainnet in mid-March, It was able to secure a total value locked (TVL) of $1.05 billion.
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Moreover, the L3 has processed over 17 million transactions across nine interconnected ecosystems, including Ethereum and its ZK and Optimistic Rollups, and amassed over 1 million unique wallet addresses. Arbitrum, Optimism, Base, Linea, Scroll, Manta Pacific, and Mantle are a few of these.
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When combined with its dedication to security, It’s ability to offer a single platform for users and dApps positions it as a game-changer in the DeFi industry. Because of this, OKX Ventures, which invested in company in December 2023, finds the Layer 3 rollup network to be a desirable investment.
OKX Ventures Founder Dora Yue said: “zkLink’s new aggregation solution is pivotal for expanding the Web3 user base in a security-first manner. It provides its users access to previously isolated assets across different rollups, benefiting the overall ecosystem. Its unique offerings, such as multi-chain assets and aggregated liquidity pools, not only unify diversified assets but also encourage new DeFi primitives. We are delighted to see that zkLink Nova has been growing steadily, becoming the largest Layer 3 network on Ethereum. We are looking forward to further refinements from zkLink and potential integrations with more DeFi products.”
About zkLink
zkLink creates Ethereum-based zero-knowledge blockchain solutions. Using zk-Proofs, its flagship zero-knowledge Aggregated Layer 3 zkEVM Rollup network reduces liquidity fragmentation and provides security and scalability.
