Delphi Consulting · 2025
ZKsync: The Elastic Network Endgame
Delphi Consulting's institutional accelerator report examines ZKsync's transformation from a single ZK rollup into the Elastic Network — a modular ecosystem of interoperable ZK Chains built on the open-source ZK Stack. The report argues that ZK proof technology is the key to solving blockchain's dual challenge: liquidity fragmentation across 30+ L2s and public chains' inability to meet institutional demands for privacy, compliance, and customization. With $1.19B in total economic value and 13+ new ZK Chains onboarding, ZKsync is positioning across tokenization, gaming, social, and permissioned enterprise use cases.
Key takeaways
- Three-pillar architecture (ZK Router, ZK Gateway, ZK Chains) enables trustless cross-chain interoperability with shared liquidity, ~1s soft confirmations, and no third-party bridge dependencies
- Enterprise adopters include Deutsche Bank (asset tokenization), Buenos Aires government (digital identity for 3.6M residents), Tradable ($1.7B tokenized private credit), GRVT (regulated hybrid DEX), and Lens (decentralized social media)
- ZKsync leads all rollups in theoretical throughput at 434 TPS with the second-lowest block time; 2025 roadmap targets 10,000 TPS at $0.0001 per transaction
- Modular ZK Chain design lets enterprises choose chain type (rollup/validium), data availability, gas token, sequencing model, and permissioned vs. permissionless access — enabling confidentiality with verifiability
- ZK token (21B supply, ~$687M circulating market cap) serves governance, network fees, and future validator staking; three-body governance model (ZKsync Governance, Security Council, Guardians) implements separation of powers