Record-Breaking Transaction Volume on zkSync Era Paymaster

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.

The number of zkSync Era Paymaster transactions has exceeded 1.1 million, of which the number of Paymaster transactions reached 66,700 on February 19, setting a record high, with SyncSwap Paymaster contributing 56.8%. There are currently 173,000 zkSync Era users who have used…

— Wu Blockchain (@WuBlockchain) February 20, 2024

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.

Swapping gas on SyncSwap just gets optimized further! 🚀

⛽️ Enjoy discounts and pay gas with your favorite token on #zkSync!

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🎁 Enjoy limited gas sponsorship on your first tx via #Paymaster!

💹 70% cheaper than other DEXs pic.twitter.com/KOp7I0H5wY

— SyncSwap (∎, ∆) (@syncswap) February 12, 2024

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.