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ZKSync to distribute 17.5% of ZK token supply to 695,000 wallets
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ZKSync, an Ethereum-based Layer 2 network developed by Matter Labs, is preparing for its highly anticipated ZK token airdrop. According to the distribution plan released on Tuesday, 17.5% of the total ZK21 billion token supply will be distributed to users starting next week.
The ZK airdrop will be the largest token distribution among major Layer 2 networks, with nearly 3.7 billion tokens awarded to users. Pre-market prices on perpetual exchange Aevo value ZK at $0.66, placing the fully diluted value (FDV) of the airdrop above $2.5 billion. On PancakeSwap, the token averages around $0.7. For context, this most recent airdrop valuation is about three times the total value locked in the ZKSync era. The token’s current market capitalization is estimated at approximately $14.9 billion.
The project has allocated two-thirds of its ZK token supply to its community, with the majority (89%) of tokens distributed on the plane going to users who interacted with the ZKSync Era or ZKSync Lite networks before the March 24 snapshot date . The remaining 11% will be distributed to native projects and communities.
To protect against Sybil attacks, ZKSync has set seven eligibility criteria, including interacting with ten smart contracts, exchanging ten ERC-20 tokens, or depositing liquidity in a DeFi protocol. The airdrop on each wallet is limited to 100,000 tokens. According to a press release from ZKSync, token holders will be able to immediately participate in the governance of the protocol once they claim their tokens.
ZKSync claims that awarding more tokens to the community through the airdrop than the Matter Labs team and investors is more than just a symbolic decision.
“The onchain history of a wallet reveals a lot about the habits of its owner. Real people tend to be risk-ready, especially those who feel part of a community. They spend time on-chain, monkeying, making transactions, testing new protocols, and holding speculative assets. Bots and opportunists are the opposite. Robots take fewer risks with minimal effort as they seek to integrate into the community and derive value from it,” said ZKNation blog post declared.
Less than 0.5% of the total supply will also be distributed to various NFT and token communities, including Crypto: The Game players, Pudgy Penguins and Milady Maker NFT holders, and DEGEN and BONSAI recipients.
The remaining third of the ZK token supply will be split almost equally between investors and the ZKSync development team, Matter Labs, with the tokens unlocking over a three-year period from June 2025 to 2028. Matter Labs recently faced a negative reaction for attempting A zero knowledge brand, an initiative subsequently abandoned. The protocol developer was also recently introduced ZKNationits new system of decentralized governance.
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