Coinbase Adds Trending New Crypto Project to Listing Roadmap

Coinbase has added a new token from an Ethereum layer-2 scaling solution to its listing roadmap, potentially paving the way for the asset to be traded on the leading U.S. crypto exchange.

Zksync is a ZK rollup, a type of scaling solution that processes transactions outside of Ethereum’s main blockchain while still recording the transactional data.

Assets added to the roadmap today: ZKsync (ZK) https://t.co/rRB9d3hSr2

— Coinbase Assets 🛡️ (@CoinbaseAssets) September 6, 2024

ZK rollups handle computations off-chain and then submit a validity proof, unlike Optimistic rollups, which assume transactions are valid by default.

According to ZKsync’s whitepaper, the ZKsync Era is designed to offer the same experience as Ethereum but with improved throughput and lower fees. Developers can write smart contracts in Solidity/Vyper and use familiar Ethereum tools, and users can access the network with their existing Ethereum wallets.

The ZK token was launched in mid-June and is currently priced at $0.988. It ranks as the 156th largest cryptocurrency by market cap and has seen a nearly 2% decline in value over the past 24 hours.