On July 24th, the decentralized exchange platform SyncSwap, based on zkSync, officially announced that its total trading volume has surpassed $2 billion.
Furthermore, SyncSwap has launched on the Ethereum Layer2 network, Linea mainnet.
SyncSwap is a decentralized exchange (DEX) built on zero-knowledge technology, inheriting the security of Ethereum, and providing a user-friendly, fast, and low-cost DeFi experience. SyncSwap supports features such as custom fee structures, advanced routers, delegated voting token model, and governance.
According to Defillama, the total value locked (TVL) in zkSync is $189.74 million. Among them, SyncSwap's TVL is $82.3 million, accounting for approximately 43.3% of zkSync's total TVL, making it the leading DeFi protocol on zkSync.
Currently, SyncSwap has not issued any tokens. On April 10th, the Chinese Twitter account of SyncSwap made statements related to airdrops, which led to the project team abandoning the idea. However, from the statements, it was revealed that 15% of the SyncSwap tokens will be distributed as airdrops to users, while the tokens obtained through trading incentives do not belong to the airdrop allocation.
If you want to interact with zkSync and receive airdrops, using SyncSwap for transactions is still worth considering.