Zero-knowledge rollups
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ZK Skyrockets on Upbit Listing – How Long Can the Hype Last?
Yahoo Finance· 2026-01-06 13:57
Core Insights - ZKsync's ZK token reached a one-month high following its listing on Upbit, a major South Korean exchange, which added new trading pairs for ZK [1][3] - The trading volume for ZK is increasingly influenced by Korean exchanges, with one exchange handling over 16% of the total volume, indicating a trend where new listings in Korea can lead to significant price movements [2][3] - Recent upgrades to ZKsync have improved transaction throughput to approximately 15,000 transactions per second, attracting institutional users and enhancing the network's credibility [4] Tokenomics and Market Dynamics - Changes to ZK's tokenomics aim to link its value to network revenue through mechanisms like buybacks, token burns, and staking rewards, potentially creating sustained buy pressure [5][6] - The new model resembles a profit-sharing mechanism, positioning ZK as a "network equity" token rather than a speculative asset, which could lead to more stable price behavior [6] - Previous phases of the token utility overhaul have resulted in weekly gains exceeding 87%, suggesting that the revenue link could enhance the token's relevance in the long term [5][6]