Ubyx and ZKsync Integration

DEC

31

Event date

Wednesday 31 December 2025, UTC

Event description

Ubyx, a startup focused on building a regulated stablecoin clearing system, announced its integration support by ZKsync, a leading Ethereum layer-2 scaling solution. The event signifies ZKsync’s role as a supporting chain in the development and launch of Ubyx’s clearing network, enabling stablecoin interoperability and redemption at face value across banks and fintechs. The announcement was publicly made on June 18, 2025, via ZKsync’s official X (Twitter) account. The integration supports the broader mission of Ubyx to facilitate seamless stablecoin redemption and promote stablecoin ubiquity worldwide.

Recent News

In June 2025, Ubyx closed a $10 million seed funding round led by Galaxy Ventures with participation from Coinbase Ventures, Founders Fund, Paxos, and Payoneer. This funding aims to accelerate the development of the stablecoin clearing system. Ubyx plans to launch live operations in Q4 2025, with progressive expansion to multiple currencies and enhanced governance models. Partners like Kaleido and Axelar have also joined Ubyx to build blockchain connectors for stablecoin settlement and interoperability.

Future Plans

Ubyx’s roadmap includes launching regulated clearing rails for stablecoins that enable deposit and redemption through existing bank and fintech channels. Progressive decentralization of governance and technology is planned, aiming to transform stablecoins into widely accepted digital cash equivalents. The project seeks broad stablecoin adoption by bridging DeFi stablecoins with traditional finance infrastructure.

Onchain Data

No verifiable onchain metrics available.

Community Sentiment

Generally positive, with the crypto community appreciating Ubyx’s approach to making stablecoins practical and interoperable in traditional finance. Some commentary underscores optimism about Ubyx’s potential to solve stablecoin fragmentation and boost adoption.

Risk Disclaimer

This integration event could influence Ubyx’s visibility and token ecosystem significantly, but market reactions depend on broader stablecoin adoption trends and regulatory developments.

Sources used

ZKsync

Bullish or Bearish?

bullish
bearish

ZKsync (ZK) Events List

ZKsync (ZK) 173.08MM Token Unlock

Scheduled for 8 AM UTC, the unlock will release 173.08 million ZK tokens, approximately 2.39% of the current circulating supply of 7.23 billion, valued at roughly $10.95 million at current prices. This allocation primarily targets investors, with a smaller portion for team members, following a one-year cliff and a four-year vesting schedule ending in June 2028. The unlock is part of ZKsync’s tokenomics to fund ecosystem growth, including grants and incentives. Such events often increase selling pressure, potentially causing short-term price volatility if recipients sell. However, strategic announcements or strong market demand could offset downward pressure. Risk Disclaimer: Token unlocks may lead to price fluctuations; investors should research thoroughly and approach trading cautiously.Recent NewsZKsync has been advancing its ecosystem in 2025. In June, the ZKsync Gateway launch enabled cross-chain messaging and proof aggregation, enhancing interoperability across the Elastic Network. This milestone strengthens ZKsync’s position as a scalable, secure Layer 2 solution. In July, the White House recognized zero-knowledge proofs as critical infrastructure for digital ID and payments, spotlighting ZKsync’s pioneering work with projects like QuarkID, the first ZK-based identity system adopted by a government, and Prividium, an enterprise-grade blockchain platform for compliant finance. These developments underscore ZKsync’s growing real-world impact and institutional adoption.Future PlansZKsync’s roadmap focuses on expanding the Elastic Network, with plans to deepen interoperability and support more ZKsync Chains. The Airbender zkVM, introduced in June 2025, enables ultra-fast proof generation on a single GPU, positioning ZKsync as a leader in ZK technology. Future initiatives include scaling Prividium for institutional use and integrating QuarkID into more governance systems. Ecosystem grants will continue to incentivize developers to build DeFi, NFT, and gaming applications, aiming to make ZKsync a hub for Web3 innovation. These efforts could drive long-term demand for ZK, potentially countering unlock-related volatility.Onchain DataAs of August 2025, ZKsync’s circulating supply is 7.23 billion ZK, with a total supply of 21 billion, of which 34.44% is unlocked. The fully diluted valuation is approximately $1.08 billion. Transaction volume over the past 24 hours reached $25.32 million, reflecting steady network activity. Active addresses have stabilized at around 1,200 daily, with a slight uptick in small transactions, indicating retail engagement. Exchange netflows show a net outflow of $2.1 million in ZK tokens weekly, suggesting holders are moving tokens to private wallets, a bullish signal. Open interest in ZK futures has grown by 15%, with a positive funding rate, hinting at optimistic trader sentiment.Community SentimentSentiment on X is mixed but leans cautiously optimistic. Posts from the official ZKsync account highlight excitement around recent milestones like the Gateway and Airbender launches, with users praising the project’s technical advancements. However, some community members express concerns about the unlock’s potential to depress prices, especially if market liquidity is low. Influencers note ZKsync’s strong fundamentals, with its price up 10% over the past month, driven by retail interest and institutional backing. Discussions suggest confidence in ZKsync’s long-term vision, though traders are advised to monitor whale activity post-unlock.Why It MattersThe August 17 unlock is a critical moment for ZKsync, balancing ecosystem funding with potential market impacts. With recent technical strides and growing institutional recognition, ZKsync is well-positioned to absorb short-term volatility and drive adoption. As a cornerstone of Ethereum’s scaling future, this event will test market confidence and highlight ZKsync’s resilience. Stay vigilant, ZK holders—this unlock could shape the project’s trajectory.

ZKsync

August 17

ZKsync (ZK) 173.08MM Token Unlock

This token unlock involves the release of a substantial portion of allocated tokens, primarily from early investors and team reserves, following a vesting schedule that began post-TGE in June 2024. The purpose is to ensure a gradual distribution, aligning long-term incentives with network development while funding ongoing operations. Its significance lies in its potential to influence ZK's price and liquidity, given its role as a Layer 2 scaling solution on Ethereum. The impact could include increased trading activity, potential price volatility, and heightened interest in ZKsync's zero-knowledge rollup technology, encouraging broader adoption across the crypto community.Recent NewsIn the last three months, ZKsync has marked impressive progress. In July 2025, it expanded its Elastic Network with new ZK chains, enhancing scalability and interoperability. The project also celebrated its sixth anniversary, reflecting on a journey from a tech prototype to a thriving ecosystem with a vibrant community. These milestones underscore ZKsync's commitment to delivering secure, high-performance transactions, setting the stage for this major unlock.Future PlansZKsync's roadmap highlights continued innovation, with plans to deploy ZKsync 3.0 in late 2025, introducing advanced multi-chain architecture and improved user experiences. Future goals include deeper integrations with DeFi and NFT platforms, expanding the network's reach across 20+ chains, and enhancing governance features to empower the community. The focus remains on onboarding millions into Web3 with seamless, verifiable solutions.Onchain DataZKsync's network shows strong activity, with daily transaction volumes exceeding 1 million and a growing number of active wallets, reflecting its adoption as a Layer 2 solution. The current circulating supply of ZK tokens is around 1 billion, with the unlock adding to this figure. Specific staking metrics are not widely detailed, but the ecosystem's TVL has climbed past $800 million—monitor platforms like DefiLlama for real-time updates as the date nears.Community SentimentReactions indicate a mix of anticipation and caution. Users are excited about ZKsync's technical advancements, with some predicting the unlock could fuel growth if absorbed by demand. Others express concern over potential selling pressure, though influencers highlight the project's strong fundamentals and long-term vision. The overall mood leans toward cautious optimism, with active discussions on market strategies.Additional InsightsThis unlock aligns with a broader trend of Layer 2 scaling solutions gaining traction, where ZKsync competes with Arbitrum and Optimism by leveraging zero-knowledge proofs. Holders may benefit from staking rewards and ecosystem growth, but the large release could introduce short-term volatility. Approach with a balanced strategy and stay updated on market movements.Prepare for ZKsync's next chapter in the crypto evolution!

ZKsync

September 17

subscription

Be aware of the recent news
in crypto every day

Please keep me updated by email with the latest crypto news, research findings, reward programs, event updates, coin listings, and more information from Bitdates.