Distinct Wallets (zkSync)

    ZkSync is a scaling solution for Ethereum that is live on mainnet. Some of the main features of ZkSync are the extremely low transaction fees and trustless protocol design.

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    Number of Unique Wallets

    Number of unique wallets depositing ETH from ETH mainnet to zkSync in the last 60 and 90 days for comparison

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    Amount Deposited

    The amount deposited in ETH and $ from ETH mainnet to zkSync in the last 60 and 90 days for comparison

    Amount ETH

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    Amount USD

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    In both 60 and 90-day formats, we can see that deposits are unique depositors are increasing over time, which is a good sign of demand for zkSync. This is also seen when looking at the totals where we can see that the 90-day compared to the 60 days only contains ~11% more unique wallets, meaning that most new depositors are within the last 60 days.

    Looking at the amount of deposited ETH through the past 60 and 90 days we can see some notable differences. We can see that in the 90-day format there are some massive deposits whilst in the 60-day format there is a spike but only ~50% about as much as those in the 90-day spikes. This is also reflected in the totals as the 90 days compared to the 60 days has ~37.5% more ETH deposited than the 60 days.

    The same conclusions as we saw with the ETH deposited when comparing the 90 and 60-day formats, as well as the totals, can be seen in the above graphs and totals. The 90-day compared to the 60-day contains about ~44% more $ Deposited. Although that is the case it's not really a good comparison as the price of ETH has been on a descent in the past few months. The amount in ETH comparison is better in this case.

    BONUS: Average Amount per User/Wallet and per Transaction

    The average amount deposited in ETH from ETH mainnet to zkSync per Wallet and per Transaction in the last 90 days.

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    What we can see here is the correlation of these previously identified spikes with, as a proxy, whale activity based on the average metrics. All three spikes seem to be directly related to a few wallets instead of multiple wallets depositing ~14-16 ETH each.

    Summary

    52k ETH deposited in the last 90 days on zkSync is big! Especially given the current market conditions. I'd say the only thing that needs to be done is their explorer would need some work to be up to par with Etherscan and the like, other than that looking at the fees to use zkSync we can see that they remain competitive, especially given the security of the chain.

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