Delphi Consulting · 2025
ZKsync & Elastic Network's Q1 2025 Wrapped
Delphi Consulting's quarterly report covers ZKsync's Q1 2025 performance, highlighting ZKsync Era's position as the leading ZK rollup with $780M TVS and 58% of all ZK proof volume on Ethereum. The report tracks the Elastic Network's expansion to 19+ ZK Chains and growing institutional adoption across tokenized assets, decentralized exchanges, and digital identity.
Key takeaways
- ZKsync Era is the leading ZK rollup — $780M TVS, 9.97M addresses, 58% of all ZK proof volume on Ethereum, and #2 blockchain for tokenized RWAs ($2B+, 27% market share)
- The Elastic Network grew to 19+ ZK Chains, with standout launches: Abstract (1.4M wallets in 42 days), Sophon ($138M TVL), GRVT (first licensed DEX, $1.3B volume in 30 days), and GenLayer (AI-native smart contracts)
- Institutional momentum is strong — Tradable tokenized $1.7B in private credit, UBS tested tokenized gold on a ZKsync validium, and WonderFi (1.7M users) is building its own ZK Chain
- ZK Gateway hit testnet (mainnet Q2 2025), ChonkyBFT consensus went live, execution delay dropped from 21→3 hours, and Nethermind formally verified ZKsync's zk-verifier for the first time