Ethereum Layer 2 Network zkSync Era’s Locked Value Surpasses $500M

At press time, more than 220,000 ether (ETH), or around $378.3 million, about 121 million USDC (a dollar-pegged stablecoin) and 14.43 million MUTE, worth $7.53 million, were locked on zkSync. MUTE is the native cryptocurrency of a zkRollup-based decentralized exchange, Mute.

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