Matter Labs steps back as zkSync launches ecosystem portal managed by DappRadar

Tristan Greene4 hours agoMatter Labs steps back as zkSync launches ecosystem portal managed by DappRadarThe launch brings Matter Labs one step closer to its goal of complete decentralization for the zkSync protocol.2503 Total views16 Total sharesListen to article 0:00NewsJoin us on social networksMatter Labs recently announced the launch of a new ecosystem portal for zkSync, managed by DappRadar, in what both partners are calling a step toward fully decentralizing the protocol. 

A layer-2 blockchain for Ethereum payments, zkSync was created by Matter Labs as a method for scaling the Ethereum blockchain ecosystem. It currently boasts more than 200 projects and, according to the protocol’s website, has served more than 8.8 million testnet transactions.Meet zkSync's new ecosystem portal

Starting today, you can explore the universe of dapps on zkSync with the new ecosystem portal managed by @DappRadar, which features dapps’ key metrics, rankings, and more.

Learn more: https://t.co/zlA0AvVU5a

TL;DR

➡️ Another step toward…— zkSync ∎ (@zksync) September 13, 2023

As Cointelegraph reported in April, its launch was met with a modicum of fanfare, as it reached $115 million worth of funds bridged in the first 10 days after its public mainnet launch.

The partnership with DappRadar is part of Matter Labs’ ongoing plan to decentralize zkSync, according to a recent press release viewed by Cointelegraph:“Since the very beginning, the ultimate vision for Matter Labs has been to incubate, launch, and ultimately decentralize the zkSync protocol and ZK Stack. In another move toward this vision, Matter Labs is stepping back from managing zkSync’s rapidly growing ecosystem.”

The press release goes on to say that “decentralization comes from gradually subtracting Matter Labs from the building of the tech and stewardship of the ecosystem.”

These changes are in accordance with the zkSync credo, a document drafted in June exemplifying the ideals of the zkSync community, and its principles of “trustlessness” and “sovereignty.”The ZK Credo addresses (1) principles and (2) community ethos.

(1) The foundational principles that are critical for decentralized networks:

- Trustlessness

- Security

- Reliability

- Censorship-Resistance

- Privacy

- Accessibility

- Hyperscalability

- Sovereignty

(2) The…— zkSync ∎ (@zksync) June 23, 2023

DappRadar’s platform will purportedly give greater visibility to decentralized applications listed through the zkSync ecosystem portal, and according to Matter Labs, this should translate into more views from users and greater opportunities for press coverage from major media outlets.

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Going forward, Matter Labs says relinquishing control of the zkSync ecosystem is “just the beginning.” “Up next,” according to the press release, “are plans to fully decentralize the protocol’s technology, community governance, and all other critical pieces of the network.”# Blockchain# Ethereum# DApps# DeFi# Layer2# zk-RollupAdd reactionAdd reactionRead moreHow to earn passive income with peer-to-peer lendingHuman vs. AI: Who is better at crypto investing?How to identify and protect against routing attacks on the Lightning Network