ChainCatcher news, the ZKsync community ZK Nation posted on X stating that the ZKsync Ignite Program TPP 001 proposal "Distribute 325 million ZK tokens within 9 months" has opened for voting, with a standard voting period of 7 days, and the current approval rate is 99.73%.The proposal suggests distributing 325 million ZK tokens within 9 months, of which 300 million will be allocated to users through six minters (with a cap of 50 million each), and an additional 25 million tokens will be managed by four minters to cover management and unforeseen costs. The proposal aims to establish a DeFi liquidity hub on the ZKsync Era and enhance the liquidity of all interoperable ZK chains (Elastic Chain).

ChainCatcher news, ZKsync has released its first governance proposal, named ZKsync Ignite. This proposal plans to transform ZKsync Era into a liquidity hub for Elastic Chains.To achieve this goal, 300 million ZK tokens will be distributed to DeFi users over the next 9 months. The proposal has been published on the ZK Nation forum, aiming to further promote and expand the development of the ZKsync ecosystem.

ChainCatcher news, according to market news, Binance Labs announced an investment in ZKsync "elastic chain" Sophon, with the specific amount not disclosed. It is reported that Sophon builds its layer two network using Matter Labs' modular open-source framework, and the mainnet is set to launch next month, with the token deployment imminent. As of now, it is reported that Sophon's total financing amount has exceeded 70 million dollars.

ChainCatcher message, ZKsync posted on social media that Cronos zkEVM is an evolving dapp, builder, and user ecosystem, which has now joined Elastic Chain, allowing transactions with world-class applications built on other ZK Chains while providing a unified and intuitive user experience.

ChainCatcher news, according to official sources, ZKsync announced the launch of Elastic Chain, with the release of the ZKsync 3.0 protocol upgrade on June 7, 2024, marking a historic transformation for ZKsync.It is reported that ZKsync 3.0 Elastic Chain is a ZK Rollup network that supports local interoperability under a unified and intuitive user experience. Its elastic architecture allows the blockchain to infinitely scale capacity by adding new instances to meet usage demands.

ChainCatcher news, according to The Block, ZKsync has launched an "elastic chain" architecture as part of the ZKsync 3.0 roadmap. This upgrade will transform ZKsync from a single zero-knowledge (ZK) Rollup chain into a network of multiple interoperable ZK chains, aimed at enhancing connectivity through improved cross-chain interoperability and a unified user experience. The project plans to run over 20 chains on the mainnet by the end of 2024, developed using the ZK Stack software package to simplify users' multi-chain operational experience.