ZKSwap Launches V2 With Unlimited Token Listing, Custom Fee Tokens, and L2 Deployments
- ZKSwap is targeting a Layer-1 Ethereum mainnet launch on 28 July, with L2 deployments on BSC, HECO, and OEC to follow soon after.
- V2 will enable users to list any ERC-20 token and choose between 4 different tokens when paying withdrawal fees.
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According to an announcement published on 27 July, ZKSwap has officially launched the second iteration of its platform and introduced several new key features. The company said they are targeting a Layer-1 Ethereum mainnet launch on 28 July, with Layer-2 deployments on Binance Smart Chain (BSC), HECO, and OKEx Chain (OEC) to follow soon after.
ZKSwap V2 will introduce unlimited token liting, enabling users to list any ERC-20 standard tokens after paying gas fees. The platform will charge no token listing fees and will soon support unlimited tokens and token pairs of all standards both on its app and web versions.
The platform’s V2 also brings a dynamically modified circuit system that improves the speed of transaction aggregation. This will shorten the withdrawal time from Layer-2 to Layer-1 from 40 minutes to 20 minutes, the company said in the announcement.
Aside from providing faster withdrawals, ZKSwap V2 enables users to pay the withdrawal fees either in ZKS, WBTC, ETH, or USDT. More fee tokens are set to be added in the future.
- Coinbase’s Base blockchain was made available to the public on Wednesday, featuring over 100 dApps and services as part of its ecosystem.
- In order to show its capabilities and promote its mainnet partners, Base has also launched an event called “Onchain Summer” that will allow users to mint exclusive NFTs on the network.
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- Coinbase’s protocol security team and over 100 external security researchers were involved with testing the upcoming layer 2 Base blockchain over the past six months.
- The project said it has now completed four out of five criteria for Base’s mainnet launch, with the remaining one being to demonstrate “testnet stability”.
- Coinbase has launched the testnet for its own layer-2 network Base, which was designed to be low-cost, open-source, and provide a developer-friendly environment.
- The exchange also revealed it will be joining Optimism as a core developer on the open-source “OP Stack”, which Base was built on top of.