ZK (ZKsync) rose 15.91% in 24 hours.

Gate News Bot news, on August 14, according to CoinMarketCap data, ZK (ZKsync) is currently priced at 0.07 USD, with a rise of 15.91% in the last 24 hours, reaching a high of 0.07 USD and a low of 0.05 USD. The current market capitalization is approximately 508 million USD, which is an increase of 69.8 million USD compared to yesterday.

ZKsync is a continuously expanding verifiable blockchain network. The ZKsync chain is powered by high-performance, verifiable modular rollups and validiums. They are unified in a flexible network that can be added to or expanded to handle increased transaction volumes without affecting the cost of verification or hardware requirements. The ZKsync chain offers native, frictionless interoperability and presents it through a consistent and user-friendly interface. This enables trustless communication and asset transfers between chains, leveraging all users and liquidity across the entire elastic network ecosystem.

Important news about ZK recently:

1️⃣ Launch of user reward activities based on ZK proof MetaMask, Linea and Brevis have launched a user reward program for the MetaMask Card based on ZK proof. The first phase of the program offers a passive income reward of 2.4% annualized borrowing yield on Aave USDC. The program operates entirely on-chain, requiring no additional actions, and rewards can be automatically calculated and claimed on Brevis's on-chain incentive platform, Incentra. This initiative marks the implementation of ZK infrastructure in large-scale application scenarios and is expected to enhance user engagement and activity within the ZKsync ecosystem.

2️⃣ Community proposal plans to allocate 8.5 million ZK The ZKsync Guardians team has submitted an important proposal to allocate a total of 8.5 million ZK tokens over a two-year period from September 2024 to September 2026. These funds will be used for the Guardians' salaries and management expenses. The proposal also includes revoking the existing minting authority of 2 million ZK tokens and enabling a new minting authority limit of 8.5 million ZK tokens, managed by the ZKsync Guardians. This move aims to ensure the long-term operation and development of the project and may impact the supply of ZK tokens.

3️⃣ Expansion of ZK Technology Applications in the AI Field The application of ZK technology in the field of artificial intelligence is expanding. For example, the launch of the zkGPT system uses zero-knowledge proof technology to verify AI inference results without exposing model information. This innovation is expected to enhance the interoperability and privacy protection capabilities of the Web3 ecosystem, bringing new development opportunities and application scenarios to the ZKsync project.

From a technical perspective, the ZK price has shown a significant rise trend in the past 24 hours, rebounding from a low of $0.05 to $0.07. Considering the recent positive news and technological innovations, investors need to closely monitor the breakthrough situation at the resistance level around $0.07. If it can successfully break through and hold firm, it may indicate further upward space; if it encounters resistance and falls back, it may consolidate in the $0.06-$0.07 range.

This message is not an investment advice, and investors should pay attention to market volatility risks.