zkSync & the layer 2 blockchains market sector – a data-driven analysis | Token Terminal

Fundamentals

In this episode of the Fundamentals podcast, I’m joined by Michael Nadeau, a crypto data and research analyst, and founder of the DeFi report. In this episode with Michael, we explore his recent report on zkSync, and dive into the breadth of data available on Token Terminal to assess its position within the market. We discuss the impressive growth and user retention rates of zkSync compared to other Layer 2 competitors. We cover fees, revenue, user activity, developers, trending contracts, user retention, and much more. As we dive into the data, we touch on trends such as high stablecoin activity, developer activity, the potential impact of impending token airdrops, alternative data availability solutions, and much more! Michael's socials: Linkedin: https://www.linkedin.com/in/michael-a... Twitter: https://twitter.com/JustDeauIt The DeFi report: https://thedefireport.io/#newsletter Token Terminal: https://tokenterminal.com/terminal Make sure to leave a comment if you have any questions 🙌 📊 Token Terminal platform: ► https://www.tokenterminal.com/ ----------------------------------------- 📱 Follow us on Twitter: ► https://twitter.com/tokenterminal ----------------------------------------- 📩 Subscribe to our Newsletter: ► https://tokenterminal.com/resources ----------------------------------------- Timestamps: 00:00 Introduction 02:17 Key findings from the zkSync research report 06:05 User activity across different blockchains 09:17 Deep dive into the trending contracts on zkSync 14:38 Comparing DEX activity across L2s 17:46 Cohort analysis: User retention across L2s 20:53 The effect of airdrops on user retention and network growth 24:44 Bootstrapping growth with native yield: Yield-bearing L2s 28:47 How Celestia DA affects value accrual across the modular blockchain stack 31:47 zkSync's financials benchmarked against the market … Crypto redefines the way businesses are built and operated. Token Terminal gives you the tools to evaluate and track the most promising projects. The following content is meant purely for educational and informational purposes, and should not be relied upon as financial, investment, legal, tax or any other professional advice. The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating, or are invested, in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content. #TokenTerminal #Blockchain #zkSync #L2 #Fundamentals