1. Cooperation:

• OKX Discover has supported ZKSpace.

• Today ZKSpace successfully integrated OKX Wallet web extension on their website/product

2. ZKSpace Background

• Web: https://zks.org/

• Top zk Roll-up

• Intro:

Introduction

Based on ZK-Rollups technology, L2 Labs has launched ZKSpace, a full-featured protocol of Layer-2, including DEX, payment, and NFT function, and it transfers all tokens (including protocols ERC20 and ERC721) onto Layer-2 using ZK-Rollups technology. The consistent state of Layer1 and Layer2 is guaranteed based on continuously generated zero-knowledge proofs, so as to make all token swaps, transfers, and NFT minting and trading on Layer 2, realizing real-time trading with low Gas fees (no need to wait for one-block confirmation). As well, it also has infinite scalability, getting rid of the limit on TPS and one-block confirmation on Ethereum. In addition, users can enjoy CEX and a smooth trading experience like traditional e-commerce platforms and can guarantee asset security of their own in real-time.

ZKSwap is a token swap protocol based on Automated Market Maker (AMM). Through ZK-Rollup technology, the full set of Uniswap functions are realized in Layer-2, while providing unlimited scalability and privacy. ZKSwap offers swap infrastructure and transactions with ultra-high throughput and zero gas fees to liquidity providers and traders.

ZKSpace's Features

ZKSwap, a decentralized exchange based on ZK-Rollups under the ZKSpace protocol, has implemented the complete function of Uniswap on Layer2, reducing Gas fees to a tenth of a percent while ensuring the same security as Layer1.

At the moment, most decentralized exchange DEXs such as Uniswap differ from centralized exchanges such as Huobi and OKEx in incorporating automated market makers and replacing manual quotations with established algorithms. As such, decentralized exchange can remove centralized matching and clearing while eliminating the market maker in the transaction. Thus, they can provide users with highly secured and confidential transactions.

However, due to limitations of blockchain technology, long block generation time, and slow confirmation speed of the Ethereum main chain, decentralized exchanges are facing pain points such as low throughput, slow processing speed, and high Gas Fees. These problems directly result in a bad overall user trading experience and lead to the fact that decentralized exchanges can not replicate the centralized exchanges experience.

But ZKSwap carries out the exchange logic of traditional decentralized exchanges on Layer-2 through ZK-Rollups technology, so that all exchanges are completed on Layer-2, reducing the user's transaction costs while ensuring the overall transaction experience. Compared to traditional DEX, ZKSwap has the following advantages:

Low Gas Fee: Instead of generating Gas Fee from transactions on traditional Dex (Gas Fee will continue to increase as the Ethereum price increases), ZKSwap transactions on Layer-2 require low Gas Fee, which greatly reduces transaction cost for users.

High TPS（Transaction Per Second): Hindered by TPS limitations on Ethereum, traditional Dex such as Uniswap has an obvious bottleneck in transaction numbers and capacity per second. Through optimizing GPU, ZKSwap can conduct hundreds and thousands of TPS with the trustless method. While having enough machines to support expansion, ZKSwap's TPS can theoretically reach 6000.

Real-time transaction: All transactions on ZKSwap are transferred to Layer-2 and are valid for real-time transactions, users DO NOT need to wait for the confirmation time of a block.

In the coming days, the implementation of ZKSea will greatly optimize the users’ experience when minting and trading NFTs and can return the pricing authority of NFT products to the artist and the market, which is unlimited for the high gas fee. We will also open the NFT minting interface to all NFT platforms.

The first version of ZKSea will possess the following functions:

1.Mining NFT with zero Gas fee on the Layer-2 network;

2. For functions of trading and transferring function with zero gas fee of NFT on layer-2, thousands of TPS can be reached theoretically;

3. NFT can be deposited and withdrawn between Ethereum Layer-1 and Layer-2 networks;

4.There is an NFT storefront, supporting free transactions between users on the Layer-2 network.

In the future, the ZKSpace protocol can further improve the Layer-2 performance and will issue more products to enhance the user experience, extending the ecosystem environment of Layer-2.

3. OKX Web3 Product Background

• Web: https://www.okx.com/web3

• Intro:

About OKX Wallet

OKX Wallet is a multi-platform, universal crypto wallet. Users can use the OKX Wallet to gain easy access to the Web3 ecosystem, including unlimited tokens and dApps in more than 40 chains and roll-ups. As a self-custodial, decentralized wallet product, users are in charge of their own private keys and crypto assets.

OKX Wallet is a real multi-chain wallet that supports both EVM chains and non-EVM chains. Support for new chains will be supported along the way, giving users access to dApps on different chains without inputting RPC and switching wallets.

Seamless entry via OKX Wallet

For Swap products, OKX Wallet has integrated with OKX DEX, a swap aggregator, to connect with all liquidity from more than 13 chains and provide free trading for users. In order to fulfill the market demands for token transfer across different chains, OKX DEX optimizes users’ output by finding the best LP and the route that minimizes slippage and network fees, made possible by our independently developed split-route algorithm. X Routing algorithm enables quote comparison by considering LPs across chains, factoring in prices, slippage, and network fees, as well as finding the optimal trading route. OKX Wallet aims for OKX DEX to bring a large quantity of TVL into the web3 ecosystem.

For DeFi Farming products, OKX launches Yield on OKX Wallet and provides users with a one-stop aggregation investment platform. Yield is a robust module built within OKX Wallet, which is dedicated to allowing anyone to participate in DeFi easily, conveniently, and safely, and helping users achieve asset appreciation. OKX Web3 Yield can effectively help users remove the barriers when entering Web3. Later, Yield will continue to discover high-quality on-chain investment opportunities, and bring more investment products, more convenient investment experiences, and more comprehensive asset data analysis to web3 customers.

For NFTs, OKX Wallet has integrated with OKX NFT Marketplace, a decentralized NFT Marketplace running across seven major chains and roll-ups. OKX Wallet will provide a one-stop NFT solution for dApps in more than 10 chains, and abundant NFT trading opportunities and tools for users. NFT Launchpad is the exclusive issuing platform of OKX NFT Marketplace. Here, handpicked projects launch offerings that are fully decentralized with equal opportunities, and users can enjoy early access at favorable prices. OKX Wallet will welcome curated projects, esteemed artists, and celebrities to issue NFT assets on chain through OKX NFT Marketplace, allowing users to trade NFTs with agility, speed, security, and scalability.

For the Dapp store,  through the OKX Discover Portal, OKX also provides insight and access to 10,000+ third-party DApps, including crypto games, which are fun and exciting video games that use blockchain technology and are fueled by Digital Assets.