ZKSync discontinues its Ignite incentive program due to unfavorable market conditions

Article

Name

Description

ZKSync announced it would not renew its Ignite incentive program for another season, citing unfavorable market conditions. The program will be discontinued from March 17, as ZKSync reassesses its spending and incentives.

Types

Article

Publish date

12:00am, Friday, March 14, 2025

Publisher

Cryptopolitan

Web URL

https://www.cryptopolitan.com/zksync-discontinues-ignite-incentive-program/

Referenced by

ZKsync’s native ZK token crashed after the airdrop and continued the downward trend. ZK unraveled further as traders lost interest in altcoins and L2 tokens. The asset traded at $0.069, down from a December peak above $0.26.

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Season 1, which started on January 6, distributed 300M ZK tokens as incentives, but the program coincided with an even bigger drawdown on the market price.

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Activity on ZK slowed down after the 2024 airdrop, with under 20K active daily users.

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