Key notes
- ZKsync (ZK) surged 91% over the past week amid increasing network activity.
- Blockchain fees increase by 694%, surpassing other layer 2 networks.
- ZKsync co-founder proposes major token overhaul to boost economic utility.
ZKsync
Z.K.
$0.0607
24h volatility:
8.7%
Market capitalization:
$438.44 million
Flight. 24h:
$494.87 million
the layer 2 governance token based on Ethereum, continued its price rise which started on November 1. At the time of writing, ZK is trading near $0.0611, up 9.5% in the last 24 hours, with a 25% increase in trading volume.
This strong increase has propelled the token into the top 100 cryptocurrencies. Its market capitalization has now crossed the $500 million mark after doubling last week. The gathering takes place despite a broader crypto market slowdownhighlighting growing investor interest in ZKsync.
According to Nansen data, ZKsync saw a 694% increase in transaction fees over the past week. This is the fastest fee growth among all blockchains, with Arbitrum, another popular layer 2 network, taking second place with a 194% fee increase over the same period.
Channels with the highest fee growth over the last 7 days:
1️⃣ @ZKsync: +694%
2️⃣ @Arbitrum: +194%
3️⃣ @SeiNetwork:+186%
4️⃣ @LineaBuild: +121%
5️⃣ @Optimism: +117%The use is cool.
But the income is better. pic.twitter.com/rORj3cJF70
-Nansen 🧭 (@nansen_ai) November 5, 2025
ZKsync token overhaul to boost utility
On November 4, Alex Gluchowski, co-founder of ZKsync, proposed a major overhaul of the ZK governance token.
He explained in a forum post that although the ZK token served its purpose in the network’s inception, the ecosystem has since evolved into a network of interconnected zero-knowledge chains.
Gluchowski proposed that the updated token model derives its value from on-chain sources, such as the protocol’s native fees generated by interoperability and settlement functions. It must be based on off-chain sources, including licensing agreements for enterprise software.
Traders are optimistic that this overhaul could improve the token’s “economic utility” and long-term demand. This will potentially lead to further price increases in the near future, making ZK one of the best cryptocurrencies right now.
What’s next for ZKsync (ZK) price?
On the daily chart, ZK price jumped above the midpoint Bollinger band, signaling renewed bullish momentum after months of consolidation. The upper band, around $0.0687, is the immediate resistance.
ZK Price Chart with Bollinger Bands and RSI | Source: TradingView
Traders should watch for immediate support around the lower Bollinger band, around $0.0396.
The RSI currently indicates that buying pressure remains strong but near overbought levels. Failure to maintain the price above $0.05 could trigger a pullback towards $0.04. On the other hand, a decisive break above $0.07 could lead to further gains towards $0.09.
Adding to market enthusiasm, a recent report from a16z noted that zero-knowledge (ZK) systems are becoming “critical” for blockchain privacy and scaling.
ZK proofs have become essential to blockchain privacy and scaling. pic.twitter.com/omKu6rb03U
– crypto a16z (@a16zcrypto) November 3, 2025
The report highlights that ZK and short proof systems are now integrated with accumulation and compliance tools. They are now integrated into mainstream web services, such as Google’s ZK-based identity system.
This probably strengthens investors trust in the entire ZK ecosystemindirectly supporting ZKsync’s recent price rise.
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