Zircuit Staking Skyrockets Past $2 Billion, Setting Stage for Mainnet Launch

Zircuit, a ZK rollup with unparalleled security and parallelized circuits, has achieved a remarkable $2B TVL milestone in its staking program within a mere two months. This surge in participation reflects the growing momentum surrounding Zircuit's upcoming mainnet launch.

Zircuit's Staking Program Surges Past $2 Billion in TVL, Signaling Strong Momentum Ahead of Mainnet Launch

George Town, Grand Cayman, April 23, 2024 - Zircuit, an innovative ZK rollup boasting parallelized circuits and AI-enabled security, has reached a significant milestone in its staking program, amassing over $2 billion in total value locked (TVL) within a remarkable two-month period.

Staking Program Gains Traction

Zircuit's Staking Program has witnessed an influx of participants, eager to secure Zircuit Points by depositing eligible assets. These assets include ETH, liquid staking tokens (LSTs), liquid restaking tokens (LRTs), and USDe (Ethena USD).

The Zircuit Points earned through staking can be migrated to the mainnet upon launch, providing users with an incentive to contribute to the ecosystem's growth.

Build to Earn Program Attracts Over 1,000 Submissions

In March, Zircuit introduced its Build to Earn program, designed to promote ecosystem development. This program incentivizes builders, founders, and community members to contribute to Zircuit's ecosystem.

Within a short period, the program has attracted over 1,000 submissions. Projects approved through the Build to Earn program will benefit from access to a growing L2 ecosystem and a vibrant developer community, providing a fertile ground for innovation and growth.

Partnership Network Expands

Zircuit's growing TVL and community have attracted the attention of several top-tier launch partners. These partners include Ethena, Ether.fi, KelpDAO, Renzo, Hashflow, Galxe, Elixir, Blocto, Eigenpie, and many others.

Mainnet Launch on Horizon

Zircuit is currently in its testnet phase and is poised to launch its highly anticipated mainnet in the summer of 2024. With its compelling architecture, strong staking program, and vibrant ecosystem, Zircuit is well-positioned to make a significant contribution to the scaling and advancement of the decentralized finance (DeFi) sector.

Participation Information

To participate in Zircuit's Build to Earn program, visit https://build.zircuit.com/.

To join the Zircuit Staking Program, navigate to https://stake.zircuit.com/.

About Zircuit

Zircuit is a ZK rollup protocol that utilizes parallelized circuits and AI-enabled security at the sequencer level. Led by a team of web3 security veterans and experts in computer science, algorithms, and cryptography, Zircuit has earned the support of investment institutions such as Pantera Capital, Dragonfly Capital, and Maelstrom.

For further information, visit zircuit.com or follow Zircuit on Twitter @ZircuitL2.

Contact

Jessica Graber
Zircuit
jessica@zircuit.com