Zigzag

Zigzag dex

ZigZag is a native, easy-to-use, reliable, fully secure and low fee Decentralized Exchange built on ZK Rollups.【Zksync】

Zksync - Mainnet & rinkeby testnet

Steps

You will first need to bridge your funds from Ethereum Layer 1 to zkSync Layer 2

Pay for the account activation fee

The account activation fee is a one-time fee to register your account with zkSync. This fee only applies to your first zkSync transaction.【Signup users：120/day，

https://zkscan.io/?page=1⁠

】

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Choose Zksync mainnet or testnet, connect wallet and sign

Transfer ETH(instant) or other ERC-20 token (need approval) USDT USDC DAI

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If you want to withdraw

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Fast option: ETH+FRAX

L2 gas fee: 0.0000118 ETH

Bridge Fee: 0.00005250 ETH

Fast withdraw only: Zigzag is charging a 0.5x fee on top of that original gas fee. For example: if gas fees are $30, we charge an additional $15.

Normal option: ERC-20 token you need

L2 gas fee: 0.0001017 ETH

More about current L2 trading Fee

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https://l2fees.info/⁠

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Current Support Trading Pairs

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Order Book Trading Price - On FTX is $2593.7

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Current Daily Trading Volumn(ETH/USDC = 26 transactions)

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Bullet points

Fees are deducted from the amount before sending on L1.

The bridge fee is the current L1 gas fee * 1.5, while this fee is mostly for transfering funds from L1 to L2.

Withdrawing money from L2 to L1 is much lower, while what zksycn do is rollup the request together, so the gas fee is splitted to users.

No leverage yet

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