Key Notes

ZKsync (ZK) jumped 91% over the past week amid surging network activity.

Blockchain fees spike by 694%, outpacing other Layer 2 networks.

ZKsync co-founder proposes major token overhaul to boost economic utility.

ZKsync ZK $0.0607 24h volatility: 8.7% Market cap: $438.44 M Vol. 24h: $494.87 M , the Ethereum-based Layer 2 governance token, has continued its price rally that began on Nov. 1 . At the time of writing, ZK is trading near $0.0611, up 9.5% in the past 24 hours, with a 25% increase in trading volume.

This sharp rise has pushed the token into the top 100 cryptocurrencies. Its market capitalization has now crossed the $500 million mark after doubling over the last week. The rally comes despite a broader crypto market downturn

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