I am happy that our work with Cari gets the spotlight it deserves but I am happier that it surfaces the difficult conversations that the crypto industry tends to ignore and validates the direction we, at @zksync, have taken as we develop Prividium:
a) most banks are in a limbo. they know they have to do something onchain but they either do not know what this is or they are scared about the downside risks of something going wrong
b) infra matters. more than anything else. banks want to feel confident the stack they picked will work, they want to understand how it works and more importantly they want it to work with their existing stack
c) the regulation/compliant-readiness of the stack matter as much as the actual tech of the stack.
Regarding the upcoming V31 protocol upgrade on ZKsync
Interop Bundles - It lets different ZKsync chains (like Era and other L2s connected to the Gateway) talk to each other natively.
You can send tokens or run smart contract calls across chains in one smooth “bundle,” without hacks or bridges.
What it means for the $ZK token:
Every cross chain “interop call” has a fixed fee of 10 ZK tokens
Operators also pay extra settlement fees on the ZKsync Gateway in ZK tokens.
More people using cross-chain features = more ZK tokens needed for fees.
We are almost there boyz, ZK to be center of everything.
Full info here : https://t.co/bbLvX3nTvb
just found out @zksync is doing way more than what most people last remember
they're building real infrastructure for institutional finance onchain
what caught my attention:
- 5 U.S. regional banks already live through Cari Network
- tokenized deposits running onchain today
- private execution with full compliance
- all running on ZKsync
global bank deposits sit in the trillions
if even a fraction of that flows onchain through infra like this, the impact is massive
been sleeping on their recent moves. going to dive deeper into this one
ZK token sitting at $166m market cap. its Prividium infrastructure is now the settlement layer for Cari Network (5 US banks, $600b+ in deposits), Deutsche Bank, UBS, and 35+ financial firms deploying tokenized deposits onchain. FDIC-insured programmable money running on zkSync rails. the entire stablecoin market is $265b. these banks alone hold more than double that in deposits looking for onchain settlement. ZK is priced like a forgotten L2 while becoming the plumbing for the largest wave of real money touching a blockchain. $0.017 for the visa rails of tokenized banking is either the most obvious asymmetric bet in crypto or i need to touch grass
@DinoMaxZK@zksync Guys all that work is amazing but we need new tokenomics for token (especiall burns to lower supply) When will there be voting and implementation? Alex's tokenomisc proposition was a few months ago…
@joinelastic@zksync Guys all that work is amazing but we need new tokenomics for token (especiall burns to lower supply) When will there be voting and implementation? Alex's tokenomisc proposition was a few months ago…
There was a thesis that all banks are ledgers and will inevitably become chains connected to the global Ethereum superchain.
Over $8 trillion in deposits at regional U.S. banks to bring onchain.
Just getting started.
There was a thesis that all banks are ledgers and will inevitably become chains connected to the global Ethereum superchain.
Over $8 trillion in deposits at regional U.S. banks to bring onchain.
Just getting started.
ZKsync is saying they are in talks with Wall Street banks and major corporates, selling their stack for permissioned DLT chains, so in the images they're showing the banking sector opening a blockchain branch.
We, at @zksync, are witnessing a very encouraging behavioral shift in the market. There are many banks which have decided to innovate, compete and position themselves accordingly with a digital-asset-first mindset. And that happens fast. We will be sharing some exciting news next week in DC.
I am confident that the genie is out of the bottle. Capital markets will be moving onchain. And the ultimate winner will be consumers who will have more and better choices.
Bringing Global Sovereign Wealth Onchain
@Edenaofficial has chosen @zksync to bring $20B+ pipeline of sovereign assets onchain.
Our tech will provide confidential settlement infrastructure and enable proof of compliance, ownership and solvency without exposing sensitive data.