If you’re a cryptocurrency enthusiast, you may have heard about the term “ZK Rollup” and are curious about what it is and how it works. ZK Rollups are a way to enable large-scale transactions on the Ethereum blockchain that are more efficient and secure than regular transactions.
For those looking for projects to work on or invest in, ZK Rollups can be a great option. This blog post will explain what ZK Rollups are and provide our top five recommendations for the best ZK Rollup projects out there. Read on to learn more about the following:
- What makes ZK Rollup Projects Unique?
- Best ZK-Rollup Projects List
Best ZK-Rollup Projects List
Before diving deep into the description and features of the projects, check out this table to briefly understand some of the best ZK-Rollup projects. You may also consider purchasing them; the links are attached for you to check out.
| # | Project Name | Token Symbol | Market cap | 24H Trading Volume | Total Supply |
| 5 | Hermez | HEZ | $80,221,766 | $442,688 | 50,179,647 |
| 4 | Mute | MUTE | $54,869,382 | $2,565,760 | 40,000,000 |
| 3 | Syscoin | SYS | $150,906,489 | $34,061,201 | 753,571,730 |
| 2 | Immutable X | IMX | $836,767,075 | $63,883,341 | 2,000,000,000 |
| 1 | Loopring | LRC | $530,951,787 | $262,153,303 | 1,373,873,397 |
Depending on their intended use, ZK-rollup projects take various forms. The following is a list of significant initiatives that use and are products of zero-knowledge technology.
5. Hermez
The first decentralized ZK Rollup project found on the Ethereum mainnet is called Hermez (HEZ). When it first debuted, ZK-Rollup targeted to use it in scaling Ethereum token transfers and payments.
The discovery that more than 50% of Ethereum network transactions are transferred, with a significant portion of these being deposits and withdrawals from exchanges, was the driving force behind that. Suppose exchanges began using rollups or even agreed to meet on the same rollup. In that case, demand could be reduced by a sizable amount.
This project may also significantly lower gas prices and free up the base chain for more intricate contracts, making it more effective at substantially lowering user transaction costs. The company is currently developing Hermez 2.0, which ought to serve as a zero-knowledge Ethereum Virtual Machine (zkEVM). This virtual machine executes Ethereum transactions transparently, which include smart contracts containing zero-knowledge-proof validations.
It is a strategy that calls for the recreation of every EVM opcode to publicly deploy existing Ethereum smart contracts. A fresh batch of technologies and instruments is being developed and engineered specifically for this purpose.
Twitter: https://twitter.com/PolygonHermez
Telegram: https://t.me/polygonhermez
4. Mute
Mute is the gas that fuels the expansion of the entire ecosystem through the MuteDAO and other revenue-based funding proposals. It drives the ecosystem’s development through the MuteDAO and funding proposals. A revenue-based buyback facilitates future projects and promotes ecosystem expansion.
Users can trade and invest on the DeFi platform Mute.io using their DEX. Additionally, they can participate in Bonds and earn yields all under one roof. Some of the features the platform boasts are:
- Immutability
- Privacy
- Speed
- Security
- Interoperability
The engine that drives the entire ecosystem is the MUTE token, and the platform is entirely controlled by the community. Through a revenue-based buyback, the Mute ecosystem directly profits and takes the initiative to support ecosystem expansion. Furthermore, they benefit from Ethereum’s security while avoiding high gas costs, making it the ideal location for traders.
The decentralized, user-driven platform aims to increase users’ access to the cryptocurrency and DeFi trading markets. Users can track, operate, and conduct private trades of their cryptocurrency assets using MUTE.
The platform aims to introduce Mute Switch, which is a Layer-2 DEX that enables user interaction and token exchange in a secure and private trading setting. According to the whitepaper, the platform also plans to introduce Voice control, a ground-breaking governance DApp that enhances the entire Mute ecosystem.
The MUTE team envisions to demonstrate its ardor for technology and the tokens that drive the ecosystem’s finance and governance. It has been put on its own path for development. With so much planned for the future and a productive team creating innovative solutions supported by a passionate community, MUTE is positioned for exponential growth
Website: https://mute.io/
Twitter: https://twitter.com/mute_io
Telegram: https://t.me/mute_io
3. Syscoin
Syscoin (SYS) is an intermix SHA256 that offers a wide range of beneficial services that make use of the blockchain and Bitcoin protocol. With the help of this digital currency, businesses can conduct low-cost transactions and exchange goods, resources, assets, digital certificates, and data in a secure environment. This project’s fundamental features are to:
- Communicate with users on the SYS network, use encrypted messaging with an inbox and outbox similar to that of email
- Create your own token on its platform and trade
- Send money to names or aliases that are case-insensitive without having to enter long wallet addresses
- Utilization of a hybrid consensus model combining Proof-of-Work (PoW) and Proof-of-Stake (PoS)
- Nearly-zero cost transactions
- Decentralized market with an infinite amount of stock
This project emerged from a fork of the BTC protocol and is combined-mined with Bitcoin. As a result, they now have one of the safest, most reliable, and most scalable networks ever created. For business and enterprise clients, Syscoin aims to offer a variety of tools, including the following:
- Blockchain-based token creation
- Fully encrypted messaging
- An integrated decentralized market
- On-chain identity verification, certificates, and more.
SYS also offers scalable, trustworthy interoperability, token, asset micro transfers, and security that complies with the bitcoin core. This enables miners to mine Syscoin and Bitcoin simultaneously without suffering hash power or efficiency losses.
Asset and token spaces are provided by Syscoin (SYS). By trading on the decentralized Syscoin network, users can fund their initial coin offerings (ICOs) or other projects with the Z-DAG Protocol. Users can benefit from the real-world advantages of Syscoin Platform Tokens as their assets become globally viable.
All in all, Syscoin is prepared to develop and adapt in response to potential changes that may transpire. Their goal is to implement blockchain technology in a revolutionary way across all business and commerce sectors. It is accomplished by giving businesses the security and efficiency they require and the freedom to create innovative products and strategies for use in cases that may not even have existed.
Website: https://syscoin.org/
Twitter: https://twitter.com/syscoin
Telegram: https://t.me/Syscoin_Official
2. Immutable X
Immutable X is a cutting-edge protocol for trading Ethereum NFTs that provides users with instant trade confirmation, enormous scalability, and also no gas fees without jeopardizing user custody. It gives the DeFi market a second-layer non-fungible tokens (NFT) solution. The project aims to make NFT adoption as simple or more accessible as using conventional cryptocurrencies.
At 30% network usage, the network currently supports 150,000 non-fungible token transactions daily. Immutable X’s goal is to bolster over 200 million trades daily, using only about 30% of Ethereum’s volume.
Immutable X, a ZK rollup project, collects proof of the validity of thousands of off-chain trades, publishes it on-chain, and a smart contract verifies it. The on-chain user assets are kept in the smart contract during this process. They can only be launched after reliable proof.
Website: https://www.immutable.com/
Twitter: https://twitter.com/Immutable
Telegram: https://t.me/immutablex
1. Loopring
At its essence, Loopring is a non-custodial, Layer 2 protocol that enables high efficiency and low trading and transaction costs on the Ethereum blockchain. As Ethereum’s premier zkRollup Layer2, Loopring developed standards, infrastructure, and user-facing solutions for the financial future.
The Loopring protocol has been designed to be scalable and efficient. It can handle up to 2,000 transactions per second (TPS) and does not require users to have ETH in order to trade. The protocol is also compatible with any ERC20 token, making it very versatile.
This zero-knowledge rollup project offers security and performance to decentralized finance (DeFi) users. It also gives consumers authority over their assets in a digital economy by providing the following:
- Low fees
- Fast trading performance
- Liquidity
- Swapping
- Secure transactions
- Convenient payment methods
Ethereum continues to be extremely important in the market, and Loopring is an excellent illustration of how creative individuals can develop original solutions to blockchain-related problems. By utilizing DEXs, it assists in growing the network while lowering the cost of engaging with Ethereum. As a result, this raises the market capitalization of both Ethereum and LRC
Website: https://loopring.org/#/
Twitter: https://twitter.com/loopringorg
Telegram: https://t.me/loopring_en
What makes ZK Rollup Projects Unique?
Zero-knowledge rollup (ZK Rollup) projects are a new category of Ethereum scaling solutions. It offers fast, cheap, and scalable transaction processing while preserving the security guarantees of the underlying blockchain. Let’s look into the prominence of these projects to further understand why you should consider investing in them.
A ZK rollup is a type of smart contract that allows for the execution of transactions on a blockchain while maintaining the privacy of the parties involved. ZK rollups are particularly useful for applications where data privacy is important, such as in medical or financial records.
ZK-Rollups offer a unique solution to the scalability problem of Ethereum. They allow for much more transactions to be processed off-chain while maintaining the Ethereum network’s security. This makes them an attractive option for dApp developers and users who want to use Ethereum without worrying about scalability issues.
There are plenty of reasons that make ZK Rollups beneficial and portfolio-material. Here are some of them:
- Reduce scalability issues. ZK Rollups combine many transactions into a single transaction, reducing the amount of data that must be stored on the Ethereum blockchain. Freeing up space on the blockchain has the potential to alleviate Ethereum’s scalability concerns.
- Reduce Fees. Fee fees are reduced by eliminating the need to include ZK Rollups within Ethereum blocks. This means they can be processed off-chain, which could alleviate Ethereum’s congestion issues.
- Quicker transactions. Since ZK Rollups do not need to be included in Ethereum blocks, they allow for speedier transactions. It implies they can be processed off-chain, alleviating Ethereum’s congestion problems.
- Optimized security and confidentiality. With ZK Rollups, transaction data is kept confidential using zero-knowledge cryptography. Only the sender and recipient of a transaction can access it.
- Taking transaction data off-chain. Zk-rollups work by taking transaction data off-chain and storing it in a compressed form. This data can then be verified on-chain without needing to process all the individual transactions. This means that Zk-rollups can process many more transactions than traditional blockchains, without sacrificing decentralization or security.
Zk-rollups technology has the potential to revolutionize the way blockchain projects are built and operated. This new form of smart contracts could potentially allow for much more complex interactions and transactions than is currently possible on the Ethereum blockchain.
It allows users to batch multiple transactions into a single “compressed” transaction. This reduces the amount of data that needs to be included in each block, potentially increasing throughput on the Ethereum network. The project has helped the digital natives see a major breakthrough in the industry.
How to Invest in ZK Rollups
There are plenty of ZK-Rollup coins you can invest in right now. Some of them are listed on one of the most trusted platforms in the market–Binance.
So, if you’re interested in it, we’ll take you on a journey to purchase your first-ever LRC using your debit or credit card.
NOTE: Ensure that your Binance account has been verified to avoid transaction delays.
Step 1: Log into your Binance account
Step 2: Head on to the “Buy Crypto” selection, then choose “Credit/Debit Card”
Step 3: Fill out the box by selecting the currency you’ll use to buy ZK-Rollup tokens before clicking “Continue”
Step 4: Complete the transaction by providing the necessary details and confirming your order
Conclusion
As we entered 2024, it’s clear that ZK Rollups are here to stay. These trustless scaling solutions offer many advantages over traditional solutions, and they are all working on attractive scaling solutions that have the potential to make a significant impact on the Ethereum ecosystem. If you’re looking for a project to get involved with, we highly recommend taking a closer look at our best ZK Rollup projects list.
Best ZK Rollup Projects-FAQs
How do you choose your top 5 ZK-Rollup coins?
Choosing ZK-Rollup coins to invest in is similar to how you choose other cryptocurrencies out there. In addition to comparing them to other projects on the market that use ZK-Rollups, you should also consider their potential for future growth, tokenomics, technology, and the roadmap and see if they align with yours.
What is ZK technology in Crypto?
Blockchains can process transactions faster and keep gas prices low by using zero-knowledge rollups, also known as ZK-Rollups. The ZK-Rollups can handle thousands of transactions in one batch and transmit a small amount of summary data to the Mainnet. This improves performance on the Ethereum Mainnet by offloading computation and state storage.
