@zkSync is one of multiple projects building #zkEVM. The project recently launched its Baby Alpha and here is all you need to know 🧵👇
1/ Both zero-knowledge proofs and Ethereum Virtual Machines are concepts that have been around for some time now but bringing them together in a fully operational way, this soon after the Ethereum merge, might heat up the debate around Layer 2 scaling solutions again
2/ One project building zkEVMs is #zkSync. As of now, zkSync’s Baby Alpha allows Devs to port and develop on the mainnet, but the system will still be closed to external users. The reason is to allow for additional security tests.
3/ Once all security checks have passed, the project will allow open access to the bridge for external users.
4/ EOY 2022, the full Mainnet is expected to launch. Q1 2023, the project is aiming to deliver a Layer 3 proof of concept called “Opportunity” - a #HyperChain built on top of the zkSync Layer 2.
5/ zkSync’s #zk-rollup will allow for on-chain data availability, while #zkPorter will bring off-chain data availability. As such, the hope is that zkPorter fills the gap between zkSync and scalability when it comes to mainstream/mass adoption
6/ Looking closer at zkPorter, we can note that the data availability of zkPorter accounts will be secured (in the future) by zkSync token holders
7/ zkEVMs are only one way to scale #Ethereum - they have tough competition with optimistic rollups since they have had time to establish themselves already. That said, zk-rollups (especially combined with EVM compatibility) offer numerous upsides to the Ethereum mainnet
8/ Entering the ongoing debate if it is the holy grail to be fully Ethereum equivalent, compatible, or highly specialized, we reject the narrative that the more compatible to Ethereum you are, the better you are. Instead, we see a need and use cases for all ends of the spectrum
9/ In the long term, we can envision highly EVM-compatible zk-rollups building the future of blockchains. At the same time, we expect to see more specialized zkVMs help develop the Web3 space as a whole, tackling unique problems with custom solutions
10/ For more details, a full report looking at zkEVMs can be found here: research.binance.com/en/analysis/zk…

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More from @BinanceResearch

Nov 9
We recently published our Q3 State of Crypto: Market Pulse where we dug into five sub-sectors: Market Overview, Layer 1s, Defi, NFTs, and Gamefi.

Here are some interesting finds from our #Layer1 section: A thread 👇🧵
#Binance
1/ Monthly Transactions: Across the sample set, Solana had the highest increase in transactions in Q3 (+58%) after experiencing a significant fall in Q2. Avalanche continued to track lower,, falling 65% QoQ in Q3. Image
2/ Average Daily Active Addresses: With the exception of Ethereum, daily active addresses generally trended lower in Q3. Ethereum ended with a slight increase (5%), likely contributed by the Merge. BNB Chain, Solana, and Avalanche ended with -33%, -1%, and -23% QoQ respectively. Image
Read 7 tweets
Nov 7
Real yield… what’s that?

Find out what #Binance Research has to say about this narrative that has garnered the interest of the #DeFi community. 🧵👇
1/ Real yields are generated from tangible sources of revenue and are not solely reliant on inflationary token emissions. This differs from what we saw during the height of #DeFi summer, when APYs were commonplace, and funded by high token emissions. Image
2/ How does it work?

Typically, real yield would come in the form of a revenue-sharing mechanism where the protocol distributes a portion of fees to stakers (e.g. trading fees, lending interest, etc.). In other words, the yield is backed by real cash flow from the protocol.
Read 7 tweets
Oct 14
Happy Friday! The Weekly Market Highlights is an initiative from the #Binance Research team to round up the week, summarizing key market events and views from the team.

Let's get the ball rolling 🧵👇
1/ Macro

U.S. inflation in September increased by 8.2% year-on-year, stronger than expectations of 8.1%. Despite hot inflation data, stock markets staged a turnaround during the trading day and closed higher, suggesting that inflation concerns may have been somewhat priced in.
2/ Macro (Cont.)

After this #CPI print, traders currently assign a 99% probability that the Fed will raise interest rates by 0.75% in November.
Read 13 tweets
Oct 13
The Binance Research team had a closer look at Arbitrum. Here's what we found 👇🧵
1/ Arbitrum is an L2 solution designed to boost the speed and scalability of Ethereum smart contracts while adding additional privacy features. Arbitrum further allows developers to run unmodified EVM contracts and transactions without compromising on layer 1 security
2/ Around a month ago, Arbitrum updated its platform to “Nitro,” - introducing changes to the platform that bring along long-term improvements.
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Oct 12
The Binance Research team spent some time looking closer into the current L2 space. Here's what we found 👇🧵
1/ Assuming that Ethereum will continue its journey towards a settlement layer for security/dependability, we expect that L2s will increasingly accumulate revenues away from Ethereum, thus introducing the potential for lower staking yields, which could introduce new risks
2/ Considering the different characteristics of Layer 2 scaling solutions (including Side Chains), we believe that zkRollups offer the best overall approach in terms of security, performance, usability, and other noteworthy aspects.
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Sep 21
What is #Tokenomics and why is it such an important part of becoming a true #crypto expert?

Find out what #Binance Research has to say below! 👇🧵
1/ #Tokenomics can be defined as the study of determining and evaluating the economic characteristics of a cryptographic token.

When looking at the supply side, there are three key aspects we look at: Allocations, Vesting Periods and Emissions
2/ Allocations describe how the token supply has been split among key parties, such as the Founding Team, Private Investors, Public Investors, Foundation & the Ecosystem etc.

Vesting Periods / Cliff Lengths refer to token sale restrictions and have evolved over time! Image
Read 11 tweets

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