OpenZK Network OZK Price

What is OpenZK Network (OZK)?

OpenZK Network ($OZK) is a Layer 2 scaling solution launched on the Ethereum blockchain in December 2024, leveraging Zero-Knowledge (ZK) Rollup technology to address Ethereum’s scalability challenges, such as high transaction costs and limited throughput. Founded by Dave Sandor, a former Goldman Sachs Asia-Pacific Executive Director, and co-founded by Lucas Cullen, an early Ethereum developer, OpenZK aims to enhance transaction efficiency while integrating native ETH staking, restaking, and stablecoin staking for sustainable rewards. Built on Ethereum’s secure infrastructure, $OZK powers transactions, governance, and staking within the ecosystem, with a total supply of 1 billion tokens.

The platform’s key innovation is its Dual Gas Fee Mechanism, allowing users to pay fees with either ETH or $OZK, a feature that sets it apart from most Layer 2 solutions. OpenZK integrates with DeFi platforms like Rocketpool and EigenLayer, enabling seamless staking and restaking with a single-click process, as announced on X. Its architecture supports high-throughput applications in DeFi, NFTs, gaming, and trading, with a focus on institutional-grade infrastructure and regulatory compliance, positioning it for both retail and institutional adoption. The project raised $6 million in early financing from investors like Animoca Brands, Coinstore, and Sovereign Trust, supporting R&D and ecosystem growth.

OpenZK’s ecosystem includes mobile wallet support (e.g., OKX, Bitget) and a Phase 1 airdrop in April 2025, distributing 10% of the token supply to over 13,000 participants, with Phase 2 ongoing to reward staked ETH. Listed on exchanges like MEXC, BingX, LBank, and Coinstore since April 24, 2025, $OZK has garnered bullish community sentiment on X, though some note risks of token concentration. No major issues like hacks have been reported, but challenges include sustaining user adoption amid competition from other Layer 2s like Arbitrum and Optimism, and navigating Ethereum’s upcoming Prague upgrade. OpenZK’s vision is to become a leading Layer 2 network, combining ZK-rollup efficiency with multi-revenue streams to drive Web3 scalability.

What is unique about OpenZK Network (OZK)?

OpenZK’s Dual Gas Fee Mechanism allows payments in ETH or $OZK, enhancing user flexibility. Its integration of ZK-rollups with native ETH staking, restaking, and stablecoin staking via Rocketpool and EigenLayer creates a multi-revenue model, while its institutional-grade focus and partnerships with Animoca Brands set it apart in the Layer 2 space.

Who are the founders of OpenZK Network (OZK)?

OpenZK was founded by Dave Sandor, former Executive Director at Goldman Sachs Asia-Pacific, with Lucas Cullen, an early Ethereum developer and Consensus Hackathon winner, as co-founder. Their finance and blockchain expertise drives the project’s technical and strategic vision.

Who are the backers/investors of OpenZK Network (OZK)?

OpenZK raised $6 million from Animoca Brands, Coinstore, Sovereign Trust, and other institutions in early 2025. Community-driven funding through airdrops and token sales, supported by exchanges like MEXC and BingX, fuels growth, with strong grassroots support.

Where can I buy OpenZK Network (OZK)?

 MEXC, BingX, BTSE, Uniswap V3 (Ethereum)