Q2. 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.
Users can also deposit ERC20 tokens into ZkSync. Which ERC20 tokens have been deposited the most (in $ volume and total count) in the last 60 days? Visualize and explain both findings.
ZkSync is a trustless protocol for scalable low-cost payments on Ethereum, powered by zkRollup technology. It uses zero-knowledge proofs and on-chain data availability to keep users' funds as safe as though they never left the mainnet.
ZkSync features:
Mainnet-level security with zero reliance on 3rd parties
ETH and ERC20 token transfers with instant confirmations and 10-minute finality on L1*
Ultra-low transaction fees (~1/100th of mainnet costs for ERC20 tokens and ~1/30th for ETH transfers)
No registration is required to receive funds
Payments to existing Ethereum addresses (including smart-contracts)
Fees conveniently payable in the token being transferred
Withdrawals to mainnet in ~10 minutes*
Multisig (opens new window)support
Permissionless smart contracts (coming soon)
Now that you are a little familiar with Zksync, we want to answer the question in the dashboard's header.
Given that users can also deposit ERC20 tokens into ZkSync, we want to know which ERC20 tokens have been deposited the most (in $ volume and total count) in the last 60 days?
Introduction
Analyze
In the table below, you can see the top 20 tokens that had the largest amount of deposits to Zksync (in $) in the last 60 days. As you can see, the USDC, USDT and WBTC tokens had the largest deposit volume to Zksync, respectively.
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As you can see, the USDC token tops the table with a $ 20 million deposit. Its deposit volume is three times higher than the second place in the table (USDT).
Now we want to know which ERC20 tokens have been deposited the most total count in the last 60 days?
The table below shows the 10 tokens that have deposited the most (in count) in the last 60 days. Shiba with 8366M token had the largest number of deposits to ZKsync, but as mentioned in the previous step, this token was not superior in terms of dollars. But as you can see, the USDC token is still at the top of the table in terms of total counts. The USCT token was also in the top 10 in terms of dollars and in the top 10 in terms of total counts.
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