Ethereum’s ZigZag Set to Launch on Arbitrum Network with Meta Trade Feature

According to reports, the official Twitter account of Ethereum’s second layer ZKRollup order book DEX ZigZag has announced that the new version of the order book will be launched on the Arbitrum network free of protocol fees DEX, and will soon launch a breakthrough feature: Meta Trade. Super trading will eliminate the need for continuous wallet confirmation during DEX transactions. It provides a Web2.0 like experience. Implemented through two key components: the Forwarder and Session Keys. In addition, ZigZag will be launched on zkSync Era as soon as possible.

ZigZag launches a new version of the order book DEX on Arbitrum

With the growing popularity of Decentralized Exchanges (DEXs), Ethereum’s second layer ZKRollup order book provider ZigZag is set to make a major breakthrough with the launch of the new version of its platform that is expected to run on the Arbitrum network without any protocol fees. This update will offer a more seamless experience for users, but it’s not all. The platform will soon introduce a unique Meta Trade feature that improves transaction speed while reducing the need for wallet confirmations.

Table of Contents

1. Introduction
2. Transparency of DEX Trading on Ethereum Network
3. ZigZag Launches on Arbitrum Network
4. Meta Trade Feature of ZigZag DEX
5. Launch of ZigZag on zkSync Era
6. Increased Efficiency and Faster Processing Times
7. Forwarder and Session Keys Components
8. Enhanced Trading Experience for DEX Users
9. Conclusion
10. FAQs

1. Introduction

Ethereum has established itself as a go-to platform for Decentralized Finance, especially with the increased anonymity it provides in peer-to-peer transactions. However, with the rising demand for DeFi applications, users require fast and reliable processing times with zero network congestion. In response to this, Ethereum has developed several solutions, including the ZKRollup Layer 2 network, which optimizes transaction performance while reducing costs.
ZigZag, a second layer order book DEX, is set to launch its new version on the Arbitrum network without any protocol fees, thereby improving overall efficiency for users. Along with this update, it will also debut a fascinating Meta Trade feature, which provides quicker transaction speeds and a better experience for users.

2. Transparency of DEX Trading on Ethereum Network

DEXs have come a long way since their inception. Despite their immense popularity, they still have their limitations, with the most significant being their transparency. Transactions on Ethereum’s network have to be mined by miners, which takes time, and this makes DEX transactions slower and less efficient.
To address this limitation, ZigZag Exchange is introducing a Meta Trade feature, which is expected to change the way DEX trading is conducted on the Ethereum network.

3. ZigZag Launches on the Arbitrum Network

ZigZag is set to launch the new version of its order book on the Arbitrum network without any protocol fees. The Arbitrum network is a Layer 2 scaling solution that uses Ethereum smart contracts to run its network.
By launching on the Arbitrum network, ZigZag hopes to provide a more efficient and faster experience for its users. This move will also reduce the congestion on the Ethereum Network, which has been one of the most significant challenges faced by DEX operators.

4. Meta Trade Feature of ZigZag DEX

The Meta Trade feature is intended to bring a Web2.0-like experience to DEX trading. By incorporating two key components, Forwarder and Session Keys, ZigZag has managed to introduce fast processing times and automatic confirmation into DEX trading. The Meta Trade feature allows ZigZag Exchange to accept trades without waiting for confirmation from the user’s wallet.
The Forwarder Component is responsible for initiating the trade while the Session Key allows ZigZag to authenticate the user without the need for a wallet confirmation. The combination of these two creates a more efficient and faster way of trading on the ZigZag DEX.

5. Launch of ZigZag on zkSync Era

ZigZag plans to launch on the zkSync Era as soon as possible. The zkSync Era is a second Layer 2 scaling solution that operates with the Zero Knowledge Proof (ZKP) technology. As a result, it’s more secure, faster, and more efficient than the Ethereum Network.
With this integration, ZigZag hopes to improve its user experience by providing faster transaction processing and reducing network congestion. This move is sure to set the ZigZag DEX as one of the most advanced and efficient DEXs in the market.

6. Increased Efficiency and Faster Processing Times

The ZigZag Exchange’s new version of its order book will feature faster processing times and increased efficiency by removing protocol fees. The Arbitrum network is the perfect platform for this innovation, thanks to its low transaction fees and fast confirmations.
With the new Meta Trade feature, ZigZag Exchange aims to further enhance the efficiency of DEX transactions. This feature introduces a faster processing time while eliminating the need for constant wallet confirmations, providing the Web2.0-like experience that traders crave.

7. Forwarder and Session Keys Components

The Forwarder component is responsible for initiating the trade while the session key authenticates the user, freeing the user from the need for a wallet confirmation. Through this configuration, ZigZag expands the frontier of decentralized trading and solves the challenges of the network.
The Forwarder component mediates communication between the user and the Meta Trade infrastructure, and it works with the session keys component to enhance fast and automatic DEX trades.

8. Enhanced Trading Experience for DEX Users

ZigZag’s move to the Arbitrum network, along with its Meta Trade feature, will enable users to trade with zero fees and zero network delays. This upgrade is expected to introduce fast, automatic, and hassle-free transactions, making DEX trading on the ZigZag DEX highly efficient and user-friendly.

9. Conclusion

ZigZag is on its way to revolutionizing DEX trading by introducing significant upgrades in its order book, along with the Meta Trade feature, which promises to bring faster transaction speeds and improved trading experiences. The ZigZag DEX is set to launch on the Arbitrum network without any protocol fees, and it will be available on the zkSync Era, providing users with even faster transactions.

10. FAQs

Q: What is ZigZag?
A: ZigZag is a second layer order book DEX that runs on the Ethereum network.
Q: What is the Meta Trade feature?
A: The Meta Trade feature is an innovative feature that makes DEX trades faster and more efficient by automatically processing and authenticating transactions on the ZigZag Exchange.
Q: What are the components of the Meta Trade feature?
A: The Meta Trade feature has two key components: Forwarder and Session Keys. The Forwarder component is responsible for initiating the trade, while the Session Keys authenticate the user.
Keywords – ZigZag DEX, Meta Trade feature, Arbitrum network, zkSync Era.