Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Eni and Certik Partner to elevate Node Security and Decentralized Trust in Web3 Space

2025-05-23

Beratone NFT Avatars are now live on OpenSea

2025-05-23

Michael Saylor – “If you don’t buy Bitcoin from his Ath, you’re leaving …”

2025-05-23
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Eni and Certik Partner to elevate Node Security and Decentralized Trust in Web3 Space

    2025-05-23

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-23

    VELO works together with Paxos to redefine the infrastructure of the Stablecoin payments

    2025-05-22

    Not ECDSA. Not schnorr. Meet Dahlias.

    2025-05-22

    Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

    2025-05-22
  • NFT

    Beratone NFT Avatars are now live on OpenSea

    2025-05-23

    Hashrate Hackers introduces Ordinals NFT collections supported by Bitcoin Hashrate

    2025-05-22

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Crack to launch 24/7 trade for Tokenized US shares via Solana

    2025-05-23

    The world’s largest crypto exchange by trade volume Binance adds support for Trump-linked World Liberty Financial Stablecoin

    2025-05-23

    XRP price to see 64,000% rally up to $ 1,700? Analysts reveal at the end of year forecasts

    2025-05-23

    Solana Memecoin on average daily volume rises 46% in May, which, following Bitcoin’s recovery, following Bitcoin

    2025-05-22

    Bitcoin on a confirmed breakout after reaching new all time high, says analyst Kevin Svenson-Hier is his prospects

    2025-05-22
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Cronos-Powered Fulcrom Finance Expands into the zkSync Era and Emerges as Top dApp with $100,000 Rewards Pool
Blockchain

Cronos-Powered Fulcrom Finance Expands into the zkSync Era and Emerges as Top dApp with $100,000 Rewards Pool

2023-10-25No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Fulcrom Finance, a leading perpetual trading protocol on the Cronos blockchain, incubated by Cronos Labs, has taken a major step towards the future of decentralized finance. In a recent announcement, Fulcrom unveiled a major multi-chain upgrade, expanding its platform to include the zkSync Era layer-2 protocol. Within days of this expansion, Fulcrom Finance grew to become one of the most prominent decentralized applications on zkSync Era, with a substantial Total Value Locked (TVL).

Initially launched in February 2023, Fulcrom Finance quickly established itself as the perennial exchange for professional traders on the Cronos blockchain. Its success is attributed to its emphasis on low slippage, minimal fees and generous leverage options of 75x, resulting in an impressive total trading volume of over $500 million.

Becoming a Top dApp in zkSync Era

To further accelerate growth and support the growing community of stakers, Fulcrom made the strategic decision on October 5 to expand to zkSync Era. Rather than creating an entirely new protocol, Fulcrom facilitated the bridge of 2.4 billion $FUL tokens from Cronos to zkSync Era, fostering a mutually beneficial relationship for users on both chains. zkSync Era is a layer-2 protocol designed to improve the scalability of Ethereum through advanced zero-knowledge technology, while maintaining the key principles of freedom, self-sovereignty and decentralization.

zkSync Era has received the support of more than 200 projects and is committed to hyper-scalability, security, improved user experience and community ownership. Fulcrom’s partnership with zkSync Era reflects a shared vision of a multi-chain future, aligned with Cronos and Fulcrom’s commitment to reshaping the derivatives trading landscape. The move promises to create unprecedented opportunities for traders.

See also  Ethereum's Vitalik Buterin reveals 'true alpha' in Crypto

By joining the zkSync Era platform, Fulcrom aims to accelerate value accrual for $FUL token holders, allowing them to benefit from increased trading activity and the expansion of the user base beyond Cronos. The integration with zkSync Era saw rapid success, as Fulcrom Finance quickly became one of the top decentralized applications on the platform in terms of TVL, managing over $750,000 in assets within just five days of launch.

This expansion has resulted in a notable increase in Fulcrom’s trading volume on both platforms, to over $500 million, and a 36% increase in the number of unique active wallets engaging with the protocol in the last 30 days. This early triumph can be partially attributed to Fulcrom’s partnership with Syncswap, the main decentralized exchange on zkSync Era, which gives Fulcrom access to the platform’s liquidity.

Using ZK-Proofs and Bridging Tokens for growth

To celebrate the successful launch on zkSync Era, Fulcrom has introduced a $100,000 rewards pool, which will be distributed to traders based on their trading volume between now and January 5, 2024. In recent weeks, Fulcrom’s platform has matured to match the industry’s leading DeFi technology. protocols. Today’s announcement follows the launch of TradeSquare, a social trading feature that allows users to discover and track the trades of top traders on the Fulcrom platform.

Martin Alastair, Product Lead at Fulcrom Finance, said: “Fulcrom Finance shares the same fundamental values ​​of freedom, self-sovereignty and decentralization with zkSync Era, and is committed to deploying ZK-proofs to increase user privacy and improve speed and improve scalability. By bridging a significant portion of the $FUL tokens, Fulcrom will increase its trading volume and significantly increase the rewards generated by token holders on both Cronos and zkSync Era.”

See also  Four open source Plutus Application Backend (PAB) for Cardano

Fulcrom Finance, available on both Cronos and zkSync Era, allows users to trade leveraged positions with up to 75x leverage, minimal fees and no price impact. All transactions and collateral are stored transparently in the chain, which guarantees security and reliability. Fulcrom Finance is an initiative of Cronos Labs, a Web3 startup accelerator committed to advancing easy-to-use applications on the Cronos blockchain and driving mainstream adoption of Web3.

Cronos, the leading Ethereum-compatible layer 1 blockchain network built on the Cosmos SDK, powered by Crypto.com and over 500 app developers and partners, aims to make it easy and secure for the next billion crypto users to Embrace Web3, with a particular focus on decentralized applications in the DeFi, NFTs and GameFi sectors.

Shortly after launching in 2021, Cronos achieved a top 10 position among all TVL chains, with a user base of over 1 million and more than 500 dApps. Transaction fees on Cronos are paid in Cronos ($CRO), a blue-chip cryptocurrency. Cronos Labs, the startup accelerator of the Cronos chain, provides ongoing support for the Cronos ecosystem.

Source link

CronosPowered dApp emerges era Expands Finance Fulcrom pool rewards Top zkSync
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Eni and Certik Partner to elevate Node Security and Decentralized Trust in Web3 Space

2025-05-23

FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

2025-05-23

VELO works together with Paxos to redefine the infrastructure of the Stablecoin payments

2025-05-22

Not ECDSA. Not schnorr. Meet Dahlias.

2025-05-22
Add A Comment

Comments are closed.

Top Posts

U.S. Treasury and Internal Revenue Service Publish New Proposed Crypto Tax Regulations

2023-08-26

Ethereum – Price consolidates and restoring eyes – is a bounce income?

2025-03-14

How Bitcoin can break out of its current price trend

2023-09-13
Editors Picks

Node AI (GPU) Price Prediction 2024 2025 2026 2027

2024-08-22

Top US Crypto Exchange Coinbase Rolls Out Official Trading Support For Ethereum Based Cross-Chain Bridge Altcoin

2023-05-06

Hacker Steals Over $65,200,000 From Crypto Game Built on Blast Blockchain – Then Gives It All Back: On-Chain Data

2024-03-28

Trader Updates Outlook on Crypto Asset That’s Up Over 60% This Month, Says One Altcoin’s Uptrend Is Still Strong

2023-08-19
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Eni and Certik Partner to elevate Node Security and Decentralized Trust in Web3 Space

Beratone NFT Avatars are now live on OpenSea

Michael Saylor – “If you don’t buy Bitcoin from his Ath, you’re leaving …”

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,422.60-0.12%
  • ethereumEthereum(ETH)$2,651.881.61%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.78%
  • binancecoinBNB(BNB)$683.320.50%
  • solanaSolana(SOL)$180.372.50%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2425701.84%
  • cardanoCardano(ADA)$0.812.40%
  • tronTRON(TRX)$0.2731790.29%
  • suiSui(SUI)$3.82-5.40%
  • hyperliquidHyperliquid(HYPE)$35.0515.09%
  • chainlinkChainlink(LINK)$16.591.94%
  • avalanche-2Avalanche(AVAX)$24.963.88%
  • stellarStellar(XLM)$0.3003471.03%
  • shiba-inuShiba Inu(SHIB)$0.0000152.04%
  • bitcoin-cashBitcoin Cash(BCH)$437.635.60%
  • hedera-hashgraphHedera(HBAR)$0.2025991.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.130.01%
  • polkadotPolkadot(DOT)$4.912.42%
  • litecoinLitecoin(LTC)$99.771.73%
  • moneroMonero(XMR)$392.06-0.86%
  • bitget-tokenBitget Token(BGB)$5.789.96%
  • pepePepe(PEPE)$0.00001510.83%
  • piPi(PI)$0.79-4.78%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.06%
  • uniswapUniswap(UNI)$6.421.77%
  • bittensorBittensor(TAO)$458.95-2.84%
  • aaveAave(AAVE)$254.341.11%
  • nearNEAR Protocol(NEAR)$3.033.54%
  • aptosAptos(APT)$5.818.34%
  • ondo-financeOndo(ONDO)$1.011.19%
  • okbOKB(OKB)$52.83-0.29%
  • kaspaKaspa(KAS)$0.114524-0.41%
  • internet-computerInternet Computer(ICP)$5.612.68%
  • ethereum-classicEthereum Classic(ETC)$19.450.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.54-6.39%
  • gatechain-tokenGateToken(GT)$21.930.56%
  • render-tokenRender(RENDER)$5.164.81%
  • crypto-com-chainCronos(CRO)$0.0989160.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2494370.54%
  • vechainVeChain(VET)$0.0302161.31%
  • mantleMantle(MNT)$0.761.52%
  • ethenaEthena(ENA)$0.4169882.88%
  • worldcoin-wldWorldcoin(WLD)$1.5321.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.09%
  • arbitrumArbitrum(ARB)$0.4241670.99%
  • bitcoinBitcoin(BTC)$110,422.60-0.12%
  • ethereumEthereum(ETH)$2,651.881.61%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.78%
  • binancecoinBNB(BNB)$683.320.50%
  • solanaSolana(SOL)$180.372.50%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2425701.84%
  • cardanoCardano(ADA)$0.812.40%
  • tronTRON(TRX)$0.2731790.29%
  • suiSui(SUI)$3.82-5.40%
  • hyperliquidHyperliquid(HYPE)$35.0515.09%
  • chainlinkChainlink(LINK)$16.591.94%
  • avalanche-2Avalanche(AVAX)$24.963.88%
  • stellarStellar(XLM)$0.3003471.03%
  • shiba-inuShiba Inu(SHIB)$0.0000152.04%
  • bitcoin-cashBitcoin Cash(BCH)$437.635.60%
  • hedera-hashgraphHedera(HBAR)$0.2025991.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.130.01%
  • polkadotPolkadot(DOT)$4.912.42%
  • litecoinLitecoin(LTC)$99.771.73%
  • moneroMonero(XMR)$392.06-0.86%
  • bitget-tokenBitget Token(BGB)$5.789.96%
  • pepePepe(PEPE)$0.00001510.83%
  • piPi(PI)$0.79-4.78%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.06%
  • uniswapUniswap(UNI)$6.421.77%
  • bittensorBittensor(TAO)$458.95-2.84%
  • aaveAave(AAVE)$254.341.11%
  • nearNEAR Protocol(NEAR)$3.033.54%
  • aptosAptos(APT)$5.818.34%
  • ondo-financeOndo(ONDO)$1.011.19%
  • okbOKB(OKB)$52.83-0.29%
  • kaspaKaspa(KAS)$0.114524-0.41%
  • internet-computerInternet Computer(ICP)$5.612.68%
  • ethereum-classicEthereum Classic(ETC)$19.450.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.54-6.39%
  • gatechain-tokenGateToken(GT)$21.930.56%
  • render-tokenRender(RENDER)$5.164.81%
  • crypto-com-chainCronos(CRO)$0.0989160.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2494370.54%
  • vechainVeChain(VET)$0.0302161.31%
  • mantleMantle(MNT)$0.761.52%
  • ethenaEthena(ENA)$0.4169882.88%
  • worldcoin-wldWorldcoin(WLD)$1.5321.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.09%
  • arbitrumArbitrum(ARB)$0.4241670.99%