ZigZag is a DEX built on ZKSync Layer 2 scaling solution to achieve fast and secure trading experience. Despite being a DEX, it uses an order book to facilitate trades instead of liquidity pools like most other DEXes. Launched in 2021, the exchange has grown to be on Arbitrum also. At the moment, ZigZag has $2.74 million in TVL.
The unique feature of ZigZag (ZZ) is its trading model. Unlike other DEXs, ZigZag (ZZ) uses a hybrid model that combines the best of both centralized and decentralized exchanges. This means that users can enjoy the benefits of both types of exchanges without having to compromise on security or speed.
Using ZigZag is easy and straightforward. Simply connect your wallet to the exchange, select the asset you want to trade, and input the amount you wish to exchange. Once your order is filled by market maker bots, you are done. You only need to pay zkSync network fees, because ZigZag does not charge any fee itself.
The total supply of ZZ token is capped at 100,000,000. The circulating supply is not known.
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