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According to a ZKSwap press release from 8 July, V2 will expand the features introduced in V1, such as unlimited token listing and a variety of liquidity mining activities. The new version will enable users to complete all transactions on the ZKSwap V2 Layer2 network without having to pay any transaction fees, which will drastically reduce the cost for users and increase the theoretical throughput of the network to over 10,000 transactions per second.

The company also significantly updated its roadmap for Q3. ZKSwap said it plans on working with its business partners on expanding the Layer-2 ecosystem by introducing support for the ERC-721 token standard, NFT transfers, and NFT exchanges. It will also launch a Layer-2 payment SDK, and facilitate seamless access to wallets, exchanges, and payment service providers.

Throughout the quarter, ZKSwap will also launch a Layer-2 lending and stable currency exchange service, as well as develop a general EVM model based on ZK-Rollups. The model will enable the platform to realize the programmability of Layer-2 and connect with more partners.

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Since the launch of its mainnet in February, ZKSwap has recorded over $122 million in total value locked (TVL). The platform has processed over $18 billion in transactions and around $2.4 billion in swaps, servicing over 88,000 accounts.

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