Polyhedra Network aims to enhance cross-chain interoperability using its core technology, zkBridge, enabling secure and trustless interactions between Web2 and Web3 systems. This solution not only facilitates seamless blockchain communication but also serves as a testing ground for the company’s zero-knowledge proof system. By expanding zkBridge into a general ZK interoperability protocol, Polyhedra helps integrate real-world assets into Web3 ecosystems.
ZKJ, which fell 79.12% in the last 24 hours and at the time of writing, is among the losing assets of the day.
As the ZKJ price fell nearly 90%, a total of $103 million worth of positions were liquidated, creating panic in the market. While the decline was triggered by large investors withdrawing liquidity in advance and selling quickly, six investors made serious gains by selling $9.66 million worth of ZKJ. These developments may have negatively affected the ZKJ price.
