CryptoMediaClub
Thursday, July 31, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Cross-chain AMM ‘Symbiosis’ Integrates Layer-2 Scaling Protocol zkSync

12.04.2023
A A
0
128
VIEWS
ShareShare

Cross-chain AMM ‘Symbiosis’ Integrates Layer-2 Scaling Protocol zkSync

  • zkSync would allow for frictionless asset transfers between several blockchains.
  • It eliminates the need for customers to switch between several wallets and interfaces.

To increase throughput and decrease transaction costs for token swaps, Cross-chain automated marker maker Symbiosis has integrated the layer-2 scaling protocol zkSync. In March 2022, the DEX (decentralized exchange) went live. It offers single-sided stablecoin pools that allow liquid suppliers to incur zero impermanent loss. It also allows users to trade native assets between Ethereum Virtual Machine (EVM) and non-EVM networks in an “any-to-any” fashion.

Symbiosis co-founder Nick Avramov told that the addition of zkSync would allow for frictionless asset transfers between Ethereum, Polygon, Avalanche, BNB Chain, Telos, and other blockchains.

The enhanced feature also eliminates the need for customers to switch between several wallets and interfaces. Avramov further confirmed that the integration expands the range of token swaps available on its DEX by allowing for any-to-any native swaps to and from zkSync.

The incorporation of zkSync is also designed to facilitate “secure, fast, and cheap” liquidity transition to and from zkSync. Avramov pointed out how important layer-2 scaling protocols are for DeFi infrastructures of all kinds.

ZK-rollups Trending in 2023

The co-founder of Symbiosis also mentioned his opinion that zero-knowledge rollups could compete favorably with Optimistic Rollup solutions like Arbitrum and Optimism. According to Avramov, zero-knowledge solutions need immediate support from cross-chain players and interoperability layers.

With over 12,000 wallet addresses served and an average of 3,000 transactions per day, Symbiosis has handled stablecoin transactions worth over $100 million.

In 2023, ZK-rollups that can scale Ethereum remain a hot topic. After much anticipation, Polygon, a layer-2 scaling platform for Ethereum, has deployed its zkEVM to mainnet beta, enabling the deployment of smart contracts with more finality and reduced costs.

Recommended For You:

Coinbase Wallet Now Supports Polygon zkEVM

Share10Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Will Realio’s Alpha Launch Impact RIO’s Price Surge?

Will Realio’s Alpha Launch Impact RIO’s Price Surge?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Web3 is about solving business problems, not token prices: Google Cloud exec

Web3 is about solving business problems, not token prices: Google Cloud exec

2 years ago
Dogecoin Price Prediction as Daily Trading Volume Surpasses $2 Billion – Are Whales Buying?

Dogecoin Price Prediction as Daily Trading Volume Surpasses $2 Billion – Are Whales Buying?

1 year ago
Bitcoin Whales and Other Dwellers of the Crypto World

Bitcoin Whales and Other Dwellers of the Crypto World

2 years ago
Solana Price Prediction: SOL Eyes $250 Target After Trump NFT Airdrop Goes Viral

Solana Price Prediction: SOL Eyes $250 Target After Trump NFT Airdrop Goes Viral

2 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin difficulty predicted to fall 5% as hashrate dips

Bolivia and El Salvador Collaborate in Digital Asset Sector

XRP Price Prediction: Analyst Says ‘Most Profitable Phase’ Just Started – $10 First Then $100?

Comprehensive Reform of Digital Asset Regulation Proposed in U.S.

Will Siton’s DOGE Surpass XRP in the Future? Siton Mining Launches DOGE-Exclusive Contracts, Unlocking Daily Passive Income

Why Is Crypto Up Today? – July 31, 2025

Trending

Altcoin Season Flickers as Cardano, Dogwifhat, Fartcoin Command $1.7B Daily Volume
All news

Altcoin Season Flickers as Cardano, Dogwifhat, Fartcoin Command $1.7B Daily Volume

31.07.2025
0

The crypto market enters August 2025 with traders debating whether a muted altcoin season is underway. While...

JPMorgan Integrates Crypto Into Traditional Banking Services

JPMorgan Integrates Crypto Into Traditional Banking Services

31.07.2025
Crypto Governance Crunch: Nearly 1 in 4 North American CFOs Plot 2027 Treasury Shift

Crypto Governance Crunch: Nearly 1 in 4 North American CFOs Plot 2027 Treasury Shift

31.07.2025
Bitcoin difficulty predicted to fall 5% as hashrate dips

Bitcoin difficulty predicted to fall 5% as hashrate dips

31.07.2025
Bolivia and El Salvador Collaborate in Digital Asset Sector

Bolivia and El Salvador Collaborate in Digital Asset Sector

31.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz