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zkLink

zkLink is a blockchain infrastructure project based on zero-knowledge rollups. It began as a cross-chain decentralized exchange and raised an $8.5 million seed round in 2021 and a $10 million strategic round in 2023. In March 2024 it launched the mainnet of zkLink Nova, an aggregated Layer 3 network hosted on Linea.

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Key facts

$8.5 Million Seed Round

zkLink began as a cross-chain decentralized exchange built on zero-knowledge rollups. In October 2021 it was on testnet, offering token swaps across Ethereum, Binance Smart ChainBNB ChainBNB Chain is a multichain blockchain ecosystem with BNB as its native asset. Its core includes the Ethereum Virtual Machine-compatible BNB Smart Chain, the opBNB layer-2 network and the decentralized storage network BNB Greenfield; its history traces to Binance Chain, launched in 2019.Open the full entry, Polygon and Huobi Eco Chain. That month it raised $8.5 million in a seed round through a simple agreement for future tokens, led by Republic Crypto; Vincent Yang is one of its co-founders.⁠[1]

$10 Million Strategic Round

zkLink Nova Mainnet Launch

zkLink Nova’s mainnet went live on March 12, 2024, as an aggregated Layer 3 zkEVM network connecting Ethereum and its Layer 2 rollups. zkLink ran an Aggregation Parade deposit campaign from March 14 and said Nova had attracted more than $330 million by the end of March.⁠[3]

Secure3 and ABDK delivered audits of zkLink Nova on March 8 and March 27, 2024, respectively.⁠[4]

April–June 2024: Arbitrator Upgrade Audits

An upgrade of zkLink Nova’s Arbitrator contract was designed to cut the cost of syncing batch root hashes to secondary chains; Secure3 and ABDK completed audits of the upgrade on April 8 and June 28, 2024, respectively.⁠[4]

Architecture: zkLink Nova’s Design and Risks

zkLink Nova is a Layer 3 zkEVM Validium built with ZK Stack on Linea as its host chain, relying on a data availability committee. Its operator is centralized: two permissioned validator addresses can commit, prove and execute blocks and relay messages on a fast path that bypasses the chains’ canonical bridges, and contract upgrades have no delay. On November 1, 2026, its total value secured was about $2.24 million.⁠[5]

Sources

  1. Cross-chain decentralized exchange zkLink raises $8.5 million in seed funding (opens in a new window)
  2. Coinbase Ventures Backs $10M ZkLink Raise Ahead of Mainnet Launch (opens in a new window)
  3. zkLink Monthly Recap — March 2024 (opens in a new window)
  4. Audits (opens in a new window)
  5. zkLink Nova - L2BEAT (opens in a new window)