Pioneer cross-chain prime brokerage protocol Primex Finance announces the deployment of its recently-launched Beta version on www sikis tube comthe zkSync 2.0 testnet. Taking place at the end of October 2022, the integration will enable the project to offer users better transaction speed for margin trading on DEXs.
At the same time, traders will be able to take advantage of lower gas fees and a high level of security on Primex Beta.
As a promising solution to enhance Ethereum’s scalability, zkSync’s Layer 2 (L2) protocol leverages zero-knowledge (ZK) roll-up technology to achieve low-cost and fast transactions. Simultaneously, it inherits the first layer’s (L1) level of security with Ethereum Virtual Machine (EVM) compatibility.?
Cited as the potential long-term winner of the “scaling wars” by Vitalik Buterin, ZK-rollups are in high demand among Web3 developers. As a top solution in this field, zkSync already has over 100 projects committed to launching on the upcoming zkSync 2.0 network, including established DeFi market players and infrastructure providers, such as Uniswap, Curve, Yearn, Chainlink, The Graph, Argent, and Gnosis.
On the mission of defragmenting the DeFi market, Primex Finance is among the projects seeking to integrate its ecosystems with zkSync. Later in October, Primex will deploy the Beta version of its platform on the zkSync 2.0 testnet, which has been operational since February 2022.