ZKsync Experiences Significant Drop in Wallet Activity

According to Odaily, data from Dune indicates that on September 3, only two wallet addresses bridged funds into ZKsync, amounting to 0.01 ETH. This marks a significant decline compared to previous activity. On August 17, 2023, the ZKsync network recorded a peak with 5,618 wallet addresses bridging funds, totaling 37,986 ETH. This sharp decrease in activity comes amid recent developments within the company. Yesterday, Matter Labs, the development company behind ZKsync, announced a 16% reduction in its workforce, resulting in the layoff of 24 employees.

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