What are the market zk concept of the target can be fried?

Bitcoin surged by more than 10% in a single day on February 15. With the explosion of bitcoin, the zk currency also saw significant gains. Polygon, which has a market capitalization of more than $10 billion, also saw an impressive 11% gain in a single day after announcing that the Beta version of its zkEVM main network will be released on March 27. BlockBeats sorted out the more prominent zk concept projects in this general increase.

MINA (Mina) (24H + 9.2%)

The team behind the lightweight public chain Mina Protocol comes from O(1)Labs in the United States, which was founded in 2017. Formerly known as Coda, it was the first project that proposed the use of ZK technology in the second generation of public chain. Mina uses a zk-SNARK technology known as Pickles that allows blocks to remain a fixed size, with a theoretical constant size of around 22kB for the full ledger. MINA tokens can act as network Gas fees and participate in node verification.

MINA's current market cap of $847 million has risen from a low of $0.72 to a peak of $1.08 in this round. In the market expected to be brought by the remaining three Layer2 ZK dragons, MINA, as Layer1, is obviously not the subject with the highest correlation, but as a public chain that has been seriously overfallen, the rebound market is generated along the trend.

lRC (Loopring) (24H + 14.73%)

Loopring, better known as the "route print agreement", is based on the creation of the ZK Proofs, a high-throughput, unmanaged DEX, and the original ZK Layer2 proofs, which have already doubled since early January to less than $0.20, quickly regaining lost ground in the overall fall brought about by the SEC regulation on Friday.

Disadvantages: Older project, lack of freshness.

MATIC (Polygon) (24H + 11.16%)

On the evening of February 15, Polygon officially announced that the Beta version of its zkEVM mainnet will be released on March 27. As a technology bucket, Polygon acquired Hermez Network, a ZK Rollup, to develop their own zkEVM product. zkEVM is a virtual machine that executes Ethereum transactions in a transparent manner, including smart contracts with ZK proof.

Polygon, as a grand public chain containing the concept of ZK, has not benefited significantly in this round of ZK market due to the concept fit degree and market value.

Tornado Cash (TORN) (24H - 7.36%)

Tornado Cash is a private transaction middleware implemented on Ethereum based on proof of zero knowledge. It uses zk-SNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge), which is able to combine ETH with ERC20 tokens in a non-retroactive manner (DAI currently supported, cDAI, USDC, USDT, WBTC) to any address. The zk-SNARK technology has made Tornado Cash a reliable money-laundering tool for hackers. After the attacks, most of the assets obtained by hackers were eventually transferred to Tornado Cash.

In particular, Alexey Pertsev, a key developer of Tornado Cash who was previously arrested under OFAC sanctions, will be released from custody on February 20. Double good TORN has pulled up in a short time larger.

Celer Network (CELR) (24H + 10.22%)

As a blockchain interoperation protocol, Celer Network has been focusing on reducing the cost of multi-chain DeFi operation for users. In April 2022, Celer announced the official launch of Layer2.Finance ZK, built on StarkWare StarkEx. Layer2.Finance has built an innovative solution similar to the "DeFi Public Transportation System" that gives users access to all existing DeFi protocols at a low handling fee.

DUSK Network (DUSK) (24H + 13.6%)

Dusk Network is a Layer 1 blockchain protocol that supports privacy-protecting smart contracts that meet business compliance standards. It uses a ZKP system called PlonKup to protect data at a lower cost. Using PLONK in Zero Knowledge (ZK) technology, the confidentiality of all transactions on the Duk Network will benefit.

Immutable X(IMX) (24H + 6.24%)

Immutable X is a Layer 2 expansion solution for NFT on Ethereum. The network provides fast transaction confirmation for casting and trading NFT with near zero fuel costs. Immutable X's shared global NFT order book is an effective way to increase NFT liquidity and increase its trading volume. NFTS can be bought and sold in any market based on Immutable X.

With the help of ZK-rollup technology, ImmutableX provides scalable, high-response infrastructure for each ecosystem.

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