Decoding the breakout strategy and future blueprint of ZK L2 newcomer ZKFair

Source: ZKFair Community

As we celebrate the one-month anniversary of the ZKFair mainnet launch, we are excited to share the achievements ZKFair has made over the past month: the mainnet has launched and is running smoothly, the Gas fee Airdrop has successfully concluded, TVL has soared to $324 million, the ZKF token has been listed on over 10 exchanges in a single day, total staking of ZKF has exceeded 2.6 billion, and 75% of Gas fee profits have been shared among 30,000+ ZKF stakers, with .zkf domain services set to launch soon…

Behind this prosperity, many community users are concerned about the future prospects of ZKFair. Here, we sincerely share the journey of ZKFair and timely inform the community about ZKFair's future plans.

100% Fair launch, confronting the unfairness and PUA in the ZK track

As we have mentioned multiple times in previous articles: the ZK ecosystem currently faces issues such as overvaluation, lack of participation for ordinary users, high barriers to entry, and monopolization by VCs, with user participation often being subject to PUA. Therefore, the original intention of ZKFair is to create a fair and completely community-driven ZK L2 network.

We adopted a 100% fair launch model, with 25% of the tokens airdropped to users who interacted with Polygon zkEVM, ZKSpace, zkSync, Linea, Scroll, etc., over the past two months, as well as to Lumoz loyalty point holders; 75% of the tokens were distributed to ZKFair community users in the form of Gas fee airdrops.

Fortunately, we have withstood the test of the market, which has helped ZKFair accumulate a certain number of early users and original capital for future development. Here, we would like to especially thank those community members who recognized the ZKFair concept early on and actively promoted it!

TVL reached a peak of $324 million, currently ranked 9th on the L2 leaderboard

With the launch of the Gas fee Airdrop, ZKFair's on-chain TVL also achieved a historic breakthrough. On December 26 at 11 AM, we announced the official end of the Gas fee Airdrop, at which point ZKFair's on-chain TVL reached $123 million, with total participants exceeding 200,000 and total Gas consumption surpassing 100 million USDC.

Since then, the on-chain TVL has continued to soar. According to L2Beat data, ZKFair's on-chain TVL peaked at $324 million. Although it has slightly retreated, it still surpasses Linea with a TVL of $270 million, ranking 9th on the L2 leaderboard.

Over 10 exchanges including Bybit, Gate, and Bitget listed in one day

The total supply of ZKF tokens is 10 billion, of which 2.5 billion are fairly airdropped to L2 community users, and the remaining 7.5 billion have all been produced through Gas Fee airdrops. On January 1, 2024, the ZKF tokens obtained by users were opened for claim. On January 11, we promptly burned the unclaimed 130 million ZKF tokens and promised that no additional ZKF tokens would be issued in the future.

On January 5, our official token ZKF was listed on over 10 exchanges including Bybit, Kucoin, Bitget, Gate, HTX, MEXC, and BitMart. This not only brought more channels and users to ZKFair but also effectively boosted ZKFair's recognition and liquidity in the market.

Gas fee dividends have begun, with 40,000+ ZKF stakers receiving USDC rewards

On January 10, we officially launched the ZKF staking feature. As of the time of writing, over 2.6 billion ZKF have been staked (accounting for 26% of the total token supply), with over 40,000 unique staking addresses. These users will share 75% of the total profits according to the corresponding rules, while the remaining 25% will be allocated to DApp developers. As the first L2 network in the industry to distribute Gas fee profit dividends, our technical team has continuously optimized the Stake page's functionality to provide users with a better product experience.

Currently, all ZKF stakers can view their personal earnings in real-time through the ZKFair official Stake page.

About the future: The $10B goal is not a fantasy, with 100+ ecosystem projects applying for deployment

In the past two weeks, we have participated in Space activities on major exchanges and have been repeatedly asked whether we are concerned about the project starting high and falling low, as well as our future development plans. Here, we reiterate: there are still many things to be completed and realized in the future, and the $10B goal is not a fantasy, but a relatively practical target after careful consideration. The specific plans are as follows:

First, our Stake feature has just launched, and the increasing staking volume and the USDC rewards already allocated demonstrate the community's high recognition of the L2 Gas fee profit dividend model. This is a crucial milestone that leads ZKFair further towards community-driven development;

Second, ZKFair will support BTC L2 asset cross-chain in the future. Our technical team is currently working hard on this development and will launch it at the appropriate time;

Finally, building the on-chain ecosystem remains our top priority. Currently, over 100 project parties have applied to join the ZKFair ecosystem, and some good news has recently arrived: ZKFair has announced a partnership with SPACE ID to launch .zkf domain services, with the whitelist activity already underway; the leading NFT project Element has also officially announced its deployment, and a joint NFT issuance is in preparation… Additionally, we are actively communicating with projects that have been deployed or are willing to deploy regarding the feasibility of the Fair mode. Currently, ZKFair has launched the Fair Launchpad application, and high-quality projects will complete their early launches in a 100% Fair Launch and undervalued manner. These projects will empower the ZKF ecosystem, bringing more benefits to all ZKF users.

Currently, we are also actively communicating with more projects in potential track directions, such as AI Infra, AI agent, Game, Basic Defi Protocol, Depin, Bitcoin Ordinals, Bitcoin Layer2, ZK Applications, web3 powered consumer apps, etc. To ensure safety, our official team will conduct code contract audits, and only after passing will projects be allowed to join. For high-quality projects, we will also provide early support and assistance. We believe the community will see a richer ZKFair ecosystem.

For a brand new L2, we understand that everything in the past is just a prologue.

In the future, we will always uphold the original intention of "Without users, we are nothing," and work closely with every community user's strength to achieve a dream that everyone thinks is impossible.