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ZigZag

ZigZag

ZigZag is a decentralized exchange built on ZK Rollups.

OverviewStructured DataIssuesContributors

Contents

info.zigzag.exchange
trade.zigzag.exchange
Is a
Organization
Organization
Cryptocurrency
Cryptocurrency
Company
Company

Company attributes

Industry
Web3
Web3
Decentralized Finance
Decentralized Finance
Digital currency
Digital currency
‌
Cryptocurrency protocol
Cryptocurrency exchange
Cryptocurrency exchange
Cryptocurrency
Cryptocurrency
Blockchain and cryptocurrency
Blockchain and cryptocurrency
Blockchain
Blockchain
...
B2X
B2B
B2B
Legal Name
ZigZag Exchange
Competitors
Hashflow
Hashflow
10KSwap
10KSwap
Connext
Connext
Clipper
Clipper
Synthetix
Synthetix
Matcha
Matcha
SyncSwap
SyncSwap
Kine Protocol
Kine Protocol
...
Business Model
Commerce
Transaction processing / marketplace
Stock Symbol
ZZ
Exchange
BTCEX
BTCEX
DigiFinex
DigiFinex
XT.COM
XT.COM
CoinW
CoinW
Bitget
Bitget
Uniswap
Uniswap
0
MEXC Global
MEXC Global
0
...

Cryptocurrency attributes

Ticker Symbol
ZZ0
Maximum Supply
100,000,0000
Block Explorer URL
zkscan.io/explorer/
etherscan.io/token/0x...2bbbf55ad

Other attributes

Blog
blog.zigzag.exchange
CoinGecko ID
zigzag
Community Forum
forum.zigzaglabs.io
Company Operating Status
Active
Strategic Partnerships
Argent (company)
Argent (company)
zkSync
zkSync
StarkNet
StarkNet
Cryptocurrency Symbol
ZZ0
Medium URL
medium.com/@ZigZagExchange
Partner Organizations
StarkNet
StarkNet
zkSync
zkSync
0
Token Standard
ERC-200
Total Supply
100,000,000
Wallet
metamask.io
coinbase.com/wallet/
crypto.com/defi-wallet/
argent.xyz
trezor.io
ledger.com
Wikidata ID
Q198438
Overview

ZigZag is a decentralized exchange that is intended to be easy to use, reliable, secure, and low in fees. The exchange is built on ZK Rollups,a platform that allows users to trade, list, and market their favorite tokens on layer 2, with supported tokens that include Tether, Ethereum, Maker, Storj, Chainlink, WETH, and USD Coin. Problems ZigZag is attempting to solve are the lack of liquidity and orderbook depth, which have been issues that have held back other decentralized exchanges.

Those issues are not impactful on price movement with simple swaps, but when attempting to trade with larger order sizes; the best quotes usually require users to bridge back to mainnet Ethereum and pay its fees for aggregated liquidity that is available. The use of ZK Rollups can solve this by offering negligible fees on transactions, and ZigZag is aiming to acquire sufficient liquidity to the extent that users will not have to pay Ethereum gas fees on mainnet in order to get quoted for a similar price.

The decentralized exchange was launched on zkSync and is also intended to be launched on StarkNet. ZigZag is also working to develop a native protocol token to aggregate all fees paid into the ZigZag protocol.

ZK Rollups

ZigZag focuses on Zero-Knowledge technology by building on ZK Rollups. ZK Rollups is a layer 2 solution to the Ethereum main-net. ZK Rollups bundle transactions on layer 2 and aim to provide quicker transaction speeds and lower fees. ZigZag's orderbook is decentralized, allowing for users to trade without a registration. ZK Rollups are considered to be less vulnerable to economic attacks compared to Optimistic rollups, since the state is instantly verified and sent to layer 1. Also, they do not require a challenge period and allow for fast withdrawals to Layer 1, making them great for exchanges and other applications that require simple payments.

ZK Rollups also allow ZigZag to have a high liquid market in an orderbook, as the ZK rollup solves the scalability issue. Further, ZigZag also decentralizes its orderbook to allow users to trade in an instant, without a registration, and while keeping control over their funds.

Market Maker

In order to ensure liquidity, ZigZag offers the ZigZag Market Maker, which is a simple pre-rolled library for anyone who wants to run a small market on their own, without intermediaries or complexity. The library may require someone to set up a virtual private server. This is part of ZigZag's strategy to crowdsource market depth. With the Market Maker, providing liquidity is reduced to a series of copy-pastes and can be profitable depending on the traded pair for the end user.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

How to Provide Liquidity with ZigZag Market Maker - ZigZag Exchange - Medium

ZigZag Exchange

https://blog.zigzag.exchange/?p=c2af1702aa97

Web

February 2, 2022

ZigZag Exchange - Medium

https://blog.zigzag.exchange/

Web

Zigzag Exchange -- the L2 DEX built on zkSync and Starknet

Stakingbits

https://medium.com/stakingbits/zigzag-exchange-the-l2-dex-built-on-zksync-476cb5345709

Web

November 28, 2021

ZigZag Exchange | Grants

https://gitcoin.co/grants/4352/zigzag-exchange

Web

ZigZag Tutorial

https://youtu.be/NNrRJnYkl2g

Web

January 1, 2022

References

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