Within the wake of Ethereum layer 2 solution ZKsync’s ZK token airdrop, three entities bag emerged because the cease delegates, preserving a well-known fragment of the delegated tokens.

Delegates support as representatives of token holders who belief them to vote on their behalf in governance processes. ZK is ZKsync’s governance token and out of the two.944 billion ZK tokens claimed to this level, 1.12 billion had been delegated. The tip three delegates collectively build 431 million of those tokens, more than a third of the full delegated quantity.

SyncSwap, the cease decentralized exchange (DEX) on the platform, leads with 261 million ZK tokens. Olimpio, a prominent DeFi individual who’s furthermore a delegate for other protocols reminiscent of Arbitrum, Optimism, Blur, and more, holds 120 million ZK tokens, while L2BEAT, a blockchain analytics platform, has 50 million ZK tokens.

The ZK token airdrop has seen colossal engagement, with 78.39% of eligible addresses taking fragment, per a Dune Analytics dashboard. The token is on the 2nd procuring and selling at $0.20, giving it a in reality diluted valuation (FDV) of $4.4 billion. Alternatively, in step with Nansen, 41.7% of the cease 10,000 addresses bag sold their complete airdrop allocation, indicating mixed sentiment amongst early recipients.

Study more: ZkSync Users Claim $630 Million Tokens in First Ten Hours of Airdrop

What Is ZKsync?

ZKsync, developed by Matter Labs, is a layer 2 scaling solution for Ethereum the usage of zero facts-rollup technology to toughen scalability by processing transactions off-chain, lowering gas prices and congestion while asserting safety by anchoring to the Ethereum mainnet.

Study more: What Are Zero-Data Proofs?