SINGAPORE, July 16,
2024 /PRNewswire/ -- OKX Ventures, the
investment arm of leading crypto exchange and Web3
technology company OKX, today announced that it has invested in
zkLink. zkLink Labs develops zero-knowledge (ZK) infra solutions
for the blockchain ecosystem with the goal of scaling and unifying
assets across Ethereum and Ethereum Layer
2 Rollups (L2s).
zkLink's flagship Aggregated Layer 3 zkEVM network (L3), zkLink
Nova, aims to reduce liquidity fragmentation - trapped capital
across multiple siloed blockchains - while providing security and
scalability via zk-Proofs. Nova offers users an open platform to
tap into aggregated assets for capital efficient transactions on a
single L3.
zkLink Nova launched its mainnet in mid-March, securing a total value locked (TVL) of
$1.05 billion in under two months. In
addition, the L3 has garnered over 1 million unique wallet
addresses, processing over 17 million transactions across nine
integrated ecosystems including Ethereum and its ZK
and Optimistic Rollups. These include Arbitrum, Optimism, Base,
zkSync, Linea, Scroll, Manta Pacific, and Mantle.
zkLink's potential to provide a unified platform for
dApps and users, coupled with its commitment to
security, positions it as a game-changer in the DeFi
sector. This makes the Layer 3 rollup network an attractive
investment for OKX Ventures, which invested in zkLink in
December 2023.
OKX Ventures Founder Dora Yue
said: "zkLink's new aggregation solution is pivotal for
expanding the Web3 user base in a security-first manner. It
provides its users access to previously isolated assets across
different rollups, benefiting the overall ecosystem. Its unique
offerings, such as multi-chain assets and aggregated liquidity
pools, not only unify diversified assets but also encourage new
DeFi primitives. We are delighted to see that zkLink
Nova has been growing steadily, becoming the largest Layer 3
network on Ethereum. We are looking forward to further
refinements from zkLink and potential integrations with more
DeFi products."
About OKX Ventures
OKX Ventures is the investment arm of global leading
crypto exchange and Web3 technology company OKX, with
an initial capital commitment of USD100
million. It focuses on exploring the best blockchain
projects on a global scale, supporting cutting-edge blockchain
technology innovation, promoting the healthy development of the
global blockchain industry, and investing in long-term structural
value.
Through its commitment to supporting entrepreneurs who
contribute to the development of the blockchain industry, OKX
Ventures helps build innovative companies and brings global
resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
About zkLink
zkLink develops zero-knowledge blockchain solutions for the
Ethereum ecosystem. Its flagship zero-knowledge
Aggregated Layer 3 zkEVM Rollup network, zkLink Nova, is designed
to bridge the gap among different Layer 2 rollup ecosystems to
reduce liquidity fragmentation while providing security and
scalability via zk-Proofs.
zkLink is funded by notable backers including
Coinbase Ventures, Solana Ventures, SIG
DTI, Huobi Ventures, Efficient Frontier, and others.
Find out more about zkLink here.
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SOURCE OKX Ventures