Zircuit Launches ZRC Token for DeFi
Zircuit has launched its ZRC token, which it claims will pioneer the next generation of composable decentralized finance. The project is focused on cross-chain interoperability and transparent tokenomics.
- Zircuit is a Layer 2 network built on Ethereum that utilizes zero-knowledge (ZK) rollup technology. It is fully compatible with the Ethereum Virtual Machine (EVM), which allows developers to deploy existing Ethereum applications without modifications. - The project was co-founded by a team that includes individuals with PhDs from the University of Waterloo who specialize in smart contract auditing and security. The team's research has received grants from the Ethereum Foundation. - A key feature is its "sequencer-level security," which uses AI to monitor the mempool for malicious transactions and prevent them from being included in a block. - The native token, ZRC, is used for paying transaction fees, staking to secure the network, and participating in governance. The total supply is 10 billion ZRC. - Zircuit's mainnet was officially launched in November 2024, with the ZRC token beginning to trade on November 25, 2024. - The project has received investments from notable firms including Binance Labs, Pantera, Dragonfly, and Mirana Ventures. - Prior to its mainnet launch, Zircuit's testnet attracted over $3.5 billion in staked assets, and its "Build to Earn" program received more than 1,100 applications. - Zircuit has established partnerships for cross-chain interoperability, including an integration with deBridge to connect with 18 other blockchains.
