Nansen: 40% of airdrop wallets sell tokens ZK! ZKSync active addresses continue to decrease!

According to TheBlock, ZKSyncEra, which announced its currency issuance last week, has seen a significant decline in active addresses and transaction volume since February this year. It is obvious that potential or already-occurred airdrops do not seem to have played a critical role effect. Blockchain data analysis company Nansen even stated that 40% of the wallets that received airdrops have already allsold their tokens. ZKSync announced airdrop on June 11. As the first zkEVM to be launched on the main network, ZKSync finally conducted the highly anticipated ZK token airdrop event, distributing approximately 3.6 billion tokens to more than 695,000 eligible addresses. It is reported that the number of tokens airdropped will be affected by factors such as the frequency of transactions on ZKsync, asset activity on ZKsyncEra, and the length of time the assets are stored. ZKSyncEra’s active addresses continue to decline. However, TheBlock’s data shows that the number of active addresses and transaction volume of ZKSyncEra reached a historical high around the end of February, and then continued to decline, with a decrease of about 44%, reflecting the obvious decline in the network activity. Reduce.

Among them, although the decline rate of ZKSyncEra is slower than that of its competitor Linea in the ZKrollup field, the former even gave the latter a

surpassopportunity at the end of March. Even though Linea has taken the lead twice before, its data performance is still lagging behind ZKSyncEra. In this regard, Linea is trying to strive for ZKrollup's overlordshipthrough the six-month points incentive program "LineaSurge".

TheBlock stated that large-scale predictable token airdrops or distribution events will often have an impact on platform activities, user numbers and token prices. Nansen: 40% of the wallets that received the airdrop have sold off all their

ZK tokens. In addition, blockchain data company Nansen also pointed out that nearly half of the first 10,000 wallets that received the airdrop have completely sold off their allocated ZK token, which has caused the ZK token price to fall by 34.5% since its launch. According to statistics, about 40% of addresses completely sold off all their ZK tokens, 34.5% sold some tokens, and only about 25.6% of wallets continued to hold all tokens: the total number of ZK sold exceeded 517 million pieces. It is reported that zkSync has also been criticized for its airdrop standards being too loose or inconsistent, which triggered large-scale selling by large wallets. MatterLabs' ZKChaos is an innovative cryptography technology. ZeroKnowledge aims to ensure the integrity, reliability and zero-knowledge of information, allowing the proof direction and verifier to prove that they possess specific information. Authenticity is popular in digital identity verification and privacy protection protocols. Previously, ZKsync (ZK) development company MatterLabs submitted trademark registrations for its token name ZK in nine countries last month, and was criticized and rebounded by other ZK technology application companies; follow-up or Forced by public opinion, the company issued a statement claiming to have withdrawn all trademark applications related to the name ZK.

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