Record-Breaking Transaction Volume on zkSync Era Paymaster

The number of transactions on zkSync Era Paymaster has exceeded 1.1 million, with SyncSwap Paymaster contributing 56.8%.

Record Breaking Transaction Volume On Zksync Era Paymaster_65d5e255c2978.webp

According to Dune Analytics data, zkSync Era currently boasts 173,000 users utilizing Paymaster – the new custom fee payment solution of layer-2. Since its launch in mid-January, Paymaster transactions have surpassed 1.1 million, hitting a record of 66,700 transactions on February 19.

Among the applications on zkSync, SyncSwap stands out as the platform with the highest utilization of Paymaster, representing over half (56.8%) of the chain’s total transactions.

 

Regarding Paymaster, it is a custom gas fee payment solution that allows users to utilize ERC-20 tokens instead of default ETH to pay fees. Paymaster was previously mentioned by Ethereum co-founder Vitalik Buterin in an article on Account Abstraction (AA) – the process of “smart contractifying” wallet addresses, fee payment, and validation.

zkSync is one of the most anticipated layer-2 solutions currently, partly due to the expectation of receiving airdrops after a long period of participating in network transactions. The community has recently taken action by “spamming” the GitHub of various layer-2 solutions that have not issued tokens yet to demand airdrops, creating a culture of e-beggars as mentioned by Starknet developers.

Related: Layer-2 zkSync Stopped working due to Excessive Caution

However, despite not yet affecting the reward plans for supporters, zkSync Era has surpassed Ethereum in transaction volume for the first time in December 2023, with 35.33 million transactions, despite facing chain congestion during the Christmas holidays.

5.0/5

(100 votes)

Latest

Azcnews Breaking Could Xrp Surge To $11

News | Altcoin | Editor Choice

Could XRP Surge to $11?

Popular analyst Ali has made a bold prediction about the future of XRP, suggesting that XRP could rise to $11 by 2025.

Azcnews Breaking Grayscale Highlights The Most Prominent Ai Tokens For Q1 2025

News | Altcoin | Editor Choice

Grayscale Highlights the Most Prominent AI Tokens for Q1 2025

Grayscale has added AI and DeFi tokens to its list of the 20 most notable tokens in the first quarter of 2025.

Azcnews Rlusd Trading Volume Soars 170% In 24 Hours

News | Altcoin | Editor Choice | Memecoin

RLUSD Trading Volume Soars 170% in 24 Hours

Ripple’s stablecoin RLUSD has seen an impressive 170% increase in trading volume over the past 24 hours, pushing its market capitalization to $53 million.

Azcnews Scam Squid Game Tokens Flood The Crypto Market

News | Altcoin | Editor Choice | Memecoin

Scam Squid Game Tokens Flood the Crypto Market

When Netflix released Squid Game Season 2 after Christmas, tokens of the same name flooded the crypto market.

Solana Surpasses Ethereum Completely In The Second Half Of 2024

News | Altcoin | Bitcoin | Bitcoin Layer2 | DePin | Editor Choice | GameFi | Memecoin | Newbies | Pi Network | Video

Solana Surpasses Ethereum Completely in the Second Half of 2024

In the second half of this year, Solana has proven itself to be a competitive name against Ethereum, with capital flowing into its ecosystem doubling that of Ethereum.