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Here’s what comes from the Ethereum ZKSwap Layer 2 swap in 2022

Vladislav Sopov by Vladislav Sopov
November 19, 2021
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Here’s what comes from the Ethereum ZKSwap Layer 2 swap in 2022

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ZKSwap, a decentralized AMM-based Layer 2 exchange, has released its updated new roadmap for next year.

According to a Thursday Medium article, the new roadmap precedes the planned launch of ZKSwap V3 and in the midst of an ongoing community discussion about rebranding.

ZKSwap is expected to have a feature-rich 2022

With its third iteration slated to launch by the end of the quarter, the developers of ZKSwap have announced the new roadmap for the popular decentralized Layer-2 exchange. The roadmap contains ZKSwap’s plans for releasing new features and updates from Q4 2021 to Q4 2022.

The most significant changes come in the form of a new Layer-2 NFT protocol, which is expected to be released by the end of the year. The protocol will support NFT issuance, strike, airdrops and low cost sales.

Other NFT-related functions are expected to launch in the first half of 2022, including batch minting, NFT verification, mystery box auctions, and auctions. At the same time, the protocol will also be deployed on other blockchains.

“Based on the ecological development of the public channel, we plan to continue to implement cross-channel deployment on BSC, SOLANA, etc., and connect the second layer of each public channel to provide users with inter-channel services. -faster but cheaper chains, ”ZKSwap said. in the post.

The second half of 2022 will see more features added to the Layer-2 DEX. Additional solutions to aggregate liquidity, improve capital utilization, see optimal trading patterns and provide low slippage for stablecoins will be implemented in the protocol.

An upgraded version of ZK-Rollups, a Layer 2 scalability solution that bundles hundreds of transfers into a single transaction, will launch by the end of 2022. The version will be fully compatible with the Ethereum virtual machine ( EVM) and the target dApp. developers leveraging Ethereum’s Layer-2 ecosystem.

ZKSwap has also said it will explore adding contracts and options to its DEX, but no further details on the features have been revealed.

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