zkLink, a multi-chain trading infrastructure, has announced that the Total Value Locked (TVL) of its first aggregated L3 zkEVM network, “zkLink Nova,” built on Ethereum and Layer 2, has surpassed $1 billion.
Since its mainnet launch in mid-March, zkLink Nova has quickly become the fastest-growing Layer 3 network, attracting over 533,000 unique wallet addresses (UAW).
zkLink Nova was created as an L3 solution to address the ecosystem fragmentation caused by Layer 2 scalability. The scalability of L2 has led to isolated liquidity in the chain ecosystem. Proposed solutions to solve this problem and unify liquidity include providing a unified bridge or shared sequencer. However, these solutions are limited to their respective sub-ecosystems and specific technical stacks.
As the first aggregated L3 zkEVM network built on Ethereum and its L2 Rollups, zkLink Nova has taken a new approach. Through the aggregation of L3 Rollups, it integrates fragmented liquidity from Ethereum and its L2 and ensures the security of zkLink Nova through zero-knowledge proofs (ZKP) and multi-chain state synchronization.
Currently, zkLink Nova’s ecosystem has over 100 partners. It has aggregated over 100 tokens on the Ethereum mainnet and seven other integrated L2s, covering zk rollups and Optimistic rollups. These L2 ecosystems include Arbitrum, Optimism, Base, zkSync, Linea, Manta Pacific, and Mantle.
zkLink Nova allows users to bridge assets from connected L2s to L3 for seamless transactions, achieving fast, low-cost, scalable, and secure trading. This enables it to aggregate the widest liquidity from the entire Ethereum ecosystem, quickly reaching a TVL of $1 billion.
Regarding this milestone, zkLink CEO Vince Yang said, “By aggregating assets on our aggregated L3 zkEVM Rollup network, zkLink Nova, we are addressing the liquidity fragmentation issue within the Ethereum ecosystem. The rapid growth of TVL proves the community’s support for aggregated Rollup solutions like Nova.”
Token Merge for Asset Aggregation
zkLink Nova aims to aggregate and unify liquidity among different L2s while maintaining the same level of security as Ethereum. To achieve this goal, zkLink Nova uses Token Merge for asset aggregation, merging ERC-20 tokens from different L2s through contract merging. Multiple source tokens of the same value are merged into a single merged token by locking the same amount of source tokens to receive merged tokens, which can be burned to retrieve the source tokens. Users can also choose to automatically receive merged tokens when depositing to zkLink Nova’s main chain. The tokens will automatically unwrap when users withdraw funds to the main chain.
Vince Yang stated, “zkLink Nova opens up innovative use cases for tokens while preserving value within the Ethereum ecosystem at the highest security standards. We are excited, humble, and honored to play such a critical role in driving Ethereum’s growth.”
zkLink Nova is one of the few L3s listed by mainstream data analytics platforms such as Defillama, Arkham, L2beat, and Messari. It also collaborates with multiple brands to reward users for participating in tasks related to Nova and its ecosystem partners. This includes OKX’s Cryptopedia Season 15, with a prize pool of 300,000 zkLink tokens ($ZKL), and Binance’s Web3 Wallet activity, with a prize pool of 1 million $ZKL.
About zkLink Nova
zkLink Nova is the industry’s first aggregated L3 zkEVM network built on Ethereum and Layer 2. It is an EVM-compatible open platform that allows decentralized assets on Ethereum L2 to be reaggregated for intercommunication transactions. It ensures security through zero-knowledge proofs, provides extremely low gas fees and fast finality, and inherits the security of Ethereum.
zkLink has received investments from renowned investors, including Coinbase Ventures, Solana Ventures, SIG DTI, and Arrington Capital.