zkSync Era batches users' transactions and submits them to Ethereum together with a zero-knowledge proof, paying a share of the transaction fees to Ethereum validators (expense).

zkSync Era is an L2 smart contract platform for decentralized applications on Ethereum. zkSync Era was founded by Matter Labs and launched in 2023.

Matter Labs team owns and governs the protocol. Matter Labs' investors include a16z, Lightspeed Venture Partners, Blockchain Capital, etc.

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Blockchains (L2)

zkSync Era

# Token turnover (circulating) Methodology

## Overview

Token turnover (circulating) measures how frequently a project's token changes hands relative to its circulating market cap. It is calculated as the average daily token trading volume divided by the circulating market cap, indicating liquidity and trading activity relative to the token's circulating valuation.

${token_trading_volume} / ${market_cap_circulating}

Average daily token trading volume divided by circulating market cap.

zkSync EraZK

Token turnover (circulating)

Token turnover (circulating)

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