- ZKSync has canceled the second season of Ignite due to the market conditions and relocated to a more conservative expenditure at short notice.
- One is now focusing on Elastic Network to improve its interoperability and efficiency after the incentive -controlled strategy has been abandoned by Ignite.
ZKSync recently surprised the crypto industry with the actions that the second season of the Ignite incentive program was one canceled have. The decision was made under the still weak market conditions, which ZKSync prompted to be more careful with the budget administration.
But you are in the process of developing a more mature, long -term plan.
ZKsync Ignite Program Update
After careful consideration, the DeFi Steering Committee (DSC) has decided to not renew Ignite for Season 2 and will be sunsetting the program starting March 17th, 2025 by turning off rewards for period 6
Here’s why:
— ZKsync Ignite (@ZKsyncIgnite) March 13, 2025
ZKSync adapts its strategy to the market
According to ZKSync, Ignite’s second season was canceled primarily because of the unfavorable market conditions. The company decided to change its expenditure plan in order to be more conservative in the short to medium term, since volatility is still high and the pressure of many global economic factors requires this.
As planned, the previous participants will receive all remaining premiums; March 17, 2025 will be the last day of payment. After that, no new incentives are planned.
RWA increase pushes Zksync in second place behind Ethereum
The ZKSYNC ecosystem quickly continued to grow after the cancellation of the Ignite. CNF reported that in the last 30 days the total value of the Real Assets (RWA) made over the network has risen by 953.79% to $ 2.03 billion. With this number, ZKSync is the second largest blockchain in the RWA category, directly behind Ethereum, which is still at the top with a value of $ 4.12 billion.
This big step is inextricably linked to the L2 scaling provided by ZKSync. For users who are looking for a quick and affordable system, ZKSync still seems to be attractive without ignite.
Exploits in the abstract chain – side effects of a growing ecosystem?
However, the quick development is not always possible without any problems. A hack on Cardex, a blockchain-based fantasy game that is located on the Abstract Chain of the ZKSync system, led to losses on several users on February 18, 2025. Abstract Chain confirmed that it was an isolated incident that only affected Cardex and had no impact on the ZKSynC network as a whole.
Expansion with UBS Gold Simulation and AI progress
In February, CNF reported that UBS, one of Switzerland’s largest banks, successfully tested UBS Key4 gold on the ZKSync Layer-2 Ethereum network. The aim of the simulation was to optimize the interoperability, data protection and scalability of Key4 Gold and enable customers to buy gold with stable coins that are with Ethereum
In addition, AI-based technologies begin to enter the ZKSynC ecosystem. A (i) Gentfi, a platform for the creation, administration and monetization of AI agents in the network, was first presented on December 12, 2024 by the ZKSynC-based defi-wallet holding station.
At the editorial deadline, ZKSync’s course was around $ 0.07096, which corresponds to an increase of 4.26 % in the last 24 hours and increases market capitalization to over $ 260 million.
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