OKX Ventures Backs zkLink to Enhance Liquidity with Aggregated Rollups
Zach Anderson Jul 18, 2024 10:03
OKX Ventures has invested in zkLink, aiming to unify liquidity across various blockchain ecosystems with its Aggregated Layer 3 zkEVM network.
OKX Ventures, the investment arm of the leading crypto exchange and Web3 technology company OKX, has announced its investment in zkLink, according to OKX Ventures. This strategic move aims to enhance liquidity across various blockchain ecosystems through zkLink's innovative Aggregated Layer 3 zkEVM network, zkLink Nova.
zkLink's Innovative Approach
zkLink Labs specializes in developing zero-knowledge (ZK) infrastructure solutions designed to scale and unify assets across Ethereum and Ethereum Layer 2 Rollups (L2s). Their flagship product, zkLink Nova, addresses the issue of liquidity fragmentation, where capital is often trapped across multiple isolated blockchains. By leveraging zk-Proofs, zkLink Nova offers a secure and scalable platform for capital-efficient transactions on a single Layer 3 rollup.
Since its mainnet launch in mid-March, zkLink Nova has achieved significant milestones. It secured a total value locked (TVL) of $1.05 billion within two months and has attracted over 1 million unique wallet addresses. The network has processed more than 17 million transactions across nine integrated ecosystems, including Ethereum, Arbitrum, Optimism, Base, zkSync, Linea, Scroll, Manta Pacific, and Mantle.
OKX Ventures' Vision
OKX Ventures' investment in zkLink aligns with its commitment to fostering innovative blockchain projects. Dora Yue, Founder of OKX Ventures, emphasized the importance of zkLink's aggregation solution in expanding the Web3 user base securely. She highlighted the platform's ability to provide access to previously isolated assets across different rollups, benefiting the overall DeFi ecosystem. Yue expressed optimism about zkLink Nova's growth and its potential integrations with more DeFi products.
About OKX Ventures
OKX Ventures is the investment division of OKX, with an initial capital commitment of USD 100 million. Its mission is to explore and support cutting-edge blockchain projects globally, promoting the healthy development of the blockchain industry. Through strategic investments, OKX Ventures aims to build innovative companies and provide them with global resources and historical experience.
About zkLink
zkLink is at the forefront of zero-knowledge blockchain solutions for the Ethereum ecosystem. Its Aggregated Layer 3 zkEVM Rollup network, zkLink Nova, aims to bridge the gap among different Layer 2 rollup ecosystems, reducing liquidity fragmentation and enhancing security and scalability through zk-Proofs. zkLink is backed by prominent investors, including Coinbase Ventures, Solana Ventures, SIG DTI, Huobi Ventures, and Efficient Frontier.
For more information, visit the official announcement on OKX Ventures.
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