ZKBase is an infrastructure protocol based on Zero-Knowledge (ZK) proof technology, dedicated to providing scaling solutions for mainstream blockchains including Ethereum and Bitcoin. It aims to build a decentralized cross-chain and Layer 2 ecosystem. ZKBase has already implemented several products such as ZKSpace (DEX, ZNS, ZKSea, ZKSquare), ZKSwap (ZKSync), and ZKSwap (ZKFair), offering users a range of services including decentralized exchanges, cross-chain bridges, Layer 2 payments, NFT marketplace, and Layer 2 domain names. In response to the rise of Bitcoin network activities represented by BRC20 Token trading in 2023, ZKBase is set to offer Layer 2 solutions for Bitcoin users, further reducing gas fees and enhancing transaction speed and user experience. It also plans to explore programmable Bitcoin Layer 2 solutions and cross-chain bridges based on ZK.
ZKBase is committed to providing decentralized exchange (DEX) services for multiple Layer 2 public blockchains. ZKSwap is a token swap protocol based on the Automated Market Maker (AMM) model. Utilizing ZK-Rollup technology, it achieves the full functionality of Uniswap on Layer 2, offering unlimited scalability and privacy. ZKSwap provides liquidity providers and traders with a swap infrastructure that supports high-throughput transactions without gas fees.
ZKSwap (ZKSpace) has achieved over $1 billion in Total Value Locked (TVL), saving users tens of millions of dollars in gas fees. It has released tens of millions of dollars in token incentives through innovative models like proof of liquidity and proof of transaction, receiving widespread acclaim. ZKSwap (ZKSync) has become the largest DEX on the ZKSync chain, with tens of thousands of community users and thousands of daily transactions. ZKSwap (ZKFair) was deployed on the mainnet from day one, growing alongside the innovative Layer 2 public chain and its extensive community. The upcoming ZKSwap (Bitcoin) aims to address issues of lack of liquidity, high gas fees, and slow speeds in BRC20 token trading, creating a dedicated BRC20 Layer 2 exchange that ensures a smooth trading experience while safeguarding user assets with advanced ZK and blockchain technology.
In the future, ZKBase plans to further explore the programmability of the Bitcoin network and decentralized cross-chain bridges, enabling safe and convenient cross-chain transactions for BRC20 and other Bitcoin network assets to other public blockchains. The ZKBase team will continue to advance the technical development and application of a complete Layer 2 ecosystem on Bitcoin, creating more use cases for user assets and offering increased composability.