Ethereum’s Layer-2 Scaling Solutions are expected to become even more popular in the foreseeable future as Ethereum is still facing a lot of challenges in its scalability. Among them, the zkRollup with its Zero-knowledge proof technology brings an enormous advantage over gas fees, TPS, and scalability, while still maintaining the everlasting security of Ethereum.
Whereas Loopring has started providing the zkRollup technology for DEXs since 2017, ZKSwap is a relatively new project that just now launched its mainet in 2021. There exists a significant gap for ZKSwap to be able to catch up with other competitors like Loopring, but it is developing really quickly and promising to come on top anytime. Therefore, it is worth keeping track of ZKSwap’s progress.
It is also worth noting that as a zkRollup Layer-2 protocol, the deposit and withdrawal process between Layer 1 and Layer 2 on ZKSwap takes a long time , usually about 30-45 minutes. This is an inconvenient point in using Rollups in general.