ChainCatcher news, according to CoinDesk, the decentralized exchange aggregator 1inch Network has integrated the Ethereum Layer-2 scaling solution ZKsync, aiming to provide a faster and lower-cost cross-chain trading experience. ZKsync is built on zero-knowledge technology, offering faster transaction speeds and lower gas fees compared to the Ethereum mainnet, while inheriting Ethereum's security.1inch stated that this integration utilizes its Fusion+ technology, which was launched in beta last September and has facilitated millions of dollars in trading volume. The system provides bridge-less, trustless cross-chain swaps, where network fees are paid by "relayers" who stake 1INCH tokens through a bidding mechanism, rather than users bearing the gas fees.ZKsync is advancing its scaling plans, targeting 10,000 transactions per second and exploring the possibility of zero-fee transactions in the future. Recently, Swiss banking giant UBS has also been testing ZKsync technology to optimize its gold-backed financial products.

ChainCatcher news, according to Cointelegraph, UBS Group, the Swiss banking giant managing $5.7 trillion in assets, has been testing its UBS Key4 Gold product on the Ethereum Layer-2 network ZKSync to explore scalability and privacy solutions.

ChainCatcher message, ZkSync officials have issued a warning on social media stating that the official X account of ZKsync Ignite (@ZKsyncIgnite) has currently been hacked, and users should be aware of the associated risks.

ChainCatcher message, Aave posted on platform X that the ZKsync Era market has grown by 160% in the past week.The supply and borrowing limits for ZK, USDC, and WETH will be increased according to the proposal from Chaos Labs.

ChainCatcher news, the official governance forum shows that the ZKsync community has initiated a TPP draft regarding the "AAVE DAO Airdrop Claim Extension Request." This proposal suggests accessing the unclaimed ZK airdrop allocated to AAVE DAO through a new Capped Minter, distributing it to AAVE users and partner protocols on ZKsync.Representatives of AAVE DAO have already deployed the new ZK Capped Minter V2. Once this proposal is approved, the MINTER role will be assigned to the Capped Minter. This will enable AAVE to mint ZK and distribute it to AAVE users on ZKsync.

ChainCatcher news, ZKsync Ignite Season 1 has launched, with a plan to allocate 300 million ZK tokens over 9 months, aiming to turn ZKsync Era into the liquidity hub of the Elastic Network. Season 1 will run from January 6 to March 31, during which 100 million ZK tokens will be allocated to DeFi users providing liquidity to DEX, lending, and Perps, with rewards available weekly.

ChainCatcher message, the ZKsync incentive program Ignite will launch at 13:00 UTC (21:00 Beijing time tonight).According to previous news, ZKsync plans to distribute 325 million ZK through Ignite over 9 months, with 300 million allocated to users through six minters (with a cap of 50 million each), and an additional 25 million ZK managed by four minters to cover management and unforeseen expenses.

ChainCatcher news, the modular blockchain Sophon based on ZKsync announces the mining migration plan.Specific timeline:• December 19, 23:59 UTC: L1 mining closes for new deposits, while an optional L1 withdrawal window opens.• December 26, 23:59 UTC: L1 withdrawal window closes, and unwithdrawn assets will be automatically cross-chained to the Sophon mainnet.• December 27: All remaining assets complete automatic cross-chain, and the first phase of SP points accumulation ends.• December 28: Sophon mainnet mining officially starts, the second phase of SP points accumulation begins, using a USD-based distribution method and supporting gas-free mining.

ChainCatcher news, the modular blockchain Sophon based on ZKsync has launched its mainnet.In addition, its token SOPH has been deployed in a non-transferable state, allowing users to be exempt from network fees during the initial phase. Rewards for node holders will start accumulating from January 1, 2025, and full transferability of the tokens will be opened in the first quarter of 2025.

ChainCatcher news, according to Bloomberg, German financial giant Deutsche Bank is developing an Ethereum Layer 2 blockchain network based on ZKsync technology. The project aims to address the compliance challenges of public blockchains in regulated finance by improving transaction efficiency and enhancing regulatory compliance.This development is part of the Project Guardian initiative promoted by the Monetary Authority of Singapore (MAS), and Deutsche Bank's L2 network is named Project Dama 2. The project brings together 24 financial institutions to explore the possibilities of tokenizing blockchain assets.

ChainCatcher news, according to Bloomberg, Deutsche Bank launched a test version of its asset servicing pilot project Dama 2 in November. The platform includes Layer 2 access to Ethereum and aims to address the regulatory challenges financial institutions face when attempting to use public blockchains, such as the risk of inadvertently transacting with criminals or sanctioned entities.Dama 2 is part of the Monetary Authority of Singapore's Project Guardian, which involves 24 major financial institutions testing methods for tokenizing assets using blockchain technology. The Dama 2 platform was developed in collaboration with crypto companies Memento Blockchain Pte. and Interop Labs, built using ZKsync technology. The bank hopes to launch it as a minimum viable product (MVP) next year after obtaining regulatory approval.

ChainCatcher news, the crypto investment firm CoinFund announced that it will expand its workforce in 2024, doubling the number of investment team members, increasing the number of members outside of managing partners to 16. The overall employee count of the company has grown by 28%.Currently, CoinFund's portfolio includes 105 companies, with projects such as ZKsync and Ondo Finance. The native token ZK of ZKsync has a market capitalization of nearly $800 million, while Ondo's governance token has a market capitalization of approximately $2.9 billion.

ChainCatcher news, the ZKsync community has submitted the on-chain proposal [ZIP-002], which proposes to reduce the execution delay from 21 hours to 3 hours. The voting for ZIP-002 will start on December 2 at 21:12. ZIP-002 aims to enhance the finality of transactions under the oversight of the newly established council while maintaining security.

ChainCatcher news, the ZKsync community has voted on-chain to approve the "Distribute 325 million ZK tokens to DeFi users within 9 months" TPP 001 proposal. This proposal suggests distributing 325 million ZK tokens over 9 months, with 300 million allocated to users through six minters (with a cap of 50 million each), and an additional 25 million tokens managed by four minters to cover management and unforeseen costs. The proposal aims to establish a DeFi liquidity center on the ZKsync Era and enhance the liquidity of all interoperable ZK chains (Elastic Chain).Previously on November 6, 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 reaching 99.73%.