Hassan Maishera
The Aave team announced via X on Sunday that its community has voted in favor of launching the lending protocol on the Ethereum Layer 2 network ZKsync. According to the proposal, Aave’s launch on ZKSync will allow it to offer users faster and cheaper transactions while maintaining the security and decentralization of the Ethereum mainnet.
Benefits of deploying Aave to ZKsync include lower transaction fees, an increased market for Aave's GHO stablecoin, and increased scalability and interoperability with other networks.
The Graph is an indexing protocol for decentralized applications that allows developers to efficiently access blockchain data. Developers can build subgraphs that define how to ingest, index, and serve blockchain data in a verifiable way. GRT, the native token of The Graph Network, is down by 1% in the last 24 hours and is currently trading at $0.2988.
Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $102.56 per token, down by less than 1% in the last 24 hours.
ZKsync is a Layer-2 scaling solution that makes transactions on Ethereum cheaper and faster by utilizing zero-knowledge rollups (zk-rollups) and zero-knowledge proofs (ZKPs). ZK is down by 11% and is currently trading at $0.1605.
