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What is Cronos zkEVM?
Crypto.com's new Ethereum L2 using ZK tech, launched 2024 as the "v2" to original Cronos. Keeps data off-chain to save costs.
Key Difference: Your gas fees earn staking rewards — zkCRO automatically generates yield while sitting in your wallet, so even failed transactions contribute to your returns instead of just burning money.
Best for: Crypto.com users wanting cheaper transactions, DeFi apps needing sponsored gas, yield farmers chasing zkCRO rewards.
Technical: ZK Validium on ZK Stack with off-chain data availability, zkCRO (liquid staked CRO) as gas token, native account abstraction.
Use Cases
- DeFi apps: Fulcrom Finance (derivatives), VVS Finance, H2 Finance
- Crypto.com integration: Natural bridge for exchange users
- Yield farming: zkCRO "triple yield" opportunities
- Pioneer program: 5M+ ZK tokens in rewards pool
Security & Data Availability
- ZK proofs posted to Ethereum, but transaction data kept off-chain (Validium).
- Exit safety depends entirely on sequencer — if it fails, funds stuck.
- Emergency governance can bypass upgrade delays.
Infra & Execution
- Built on ZKsync's ZK Stack with native account abstraction.
- zkCRO gas token earns CRO staking yield while used for fees.
- Part of ZK Stack ecosystem enabling bridges to other ZK chains.
Performance
- Very low fees due to off-chain data storage.
- Claims >100 TPS but real performance untested.
- Alpha mainnet since August 2024.
Trade-offs
- Validium = major centralization risk — sequencer controls your exit.
- Very early (alpha) with limited battle-testing.
- Success tied to Crypto.com ecosystem relevance.
- Yield-bearing gas adds protocol complexity and financial risk.
Contract Languages
This blockchain supports the following smart contract languages: