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Why is zkSync up today (November 1)?
The zkSync (ZK) token — Ethereum’s Layer-2 scaling solution — surged by more than 50% on Saturday to $0.045, after Vitalik Buterin publicly endorsed the zkSync Atlas upgrade, calling the team’s work “underrated but valuable.”
The Atlas update enables over 15,000 transactions per second, one-second finality, and near-zero fees, marking a significant technical leap for Ethereum’s Layer-2 ecosystem.
As zkSync co-founder Alex Gluchowski explained, Atlas changes how Ethereum interacts with L2 networks. Previously, each Layer-2 chain had to maintain its own liquidity hub, causing fragmentation and slower interoperability. Now, L2 chains can directly access Ethereum’s liquidity, eliminating the need for separate pools.
“Ethereum is now the main capital hub for ZKsync,” said Gluchowski.
A positive shift for Ethereum
Ethereum co-founder Vitalik Buterin praised zkSync’s Atlas update, describing the team’s work as “underrated and valuable.”
His post drew significant attention from the crypto community, as Atlas represents a major shift in Ethereum’s approach to speed, cost, and liquidity integration.
ZK price dynamics over the past 24 hours. Source: CoinMarketCap
Amid growing discussion of Atlas’s role in Ethereum’s evolution, the ZK token climbed more than 52% in one day, reaching $0.045 at the time of writing — a positive sign for investors in the Ukrainian-founded startup.
Still, ZK remains below its early-October level of $0.053, and nearly 87% below its all-time high of $0.32, reached in 2024.
As we wrote, zkSync hits new all-time low following $5M wallet hack
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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