zkOmnichain: A New Direction for Web3

With the continuous development of blockchain technology, we are transitioning from the era of single chains to the era of multi-chains, and the future is likely to be an era of full-chain interoperability. In this process, zkOmnichain, as an emerging technical solution, is attracting more and more attention from the industry.

zkOmnichain belongs to the Layer0 track, and its goal is to build the entire Web3 network. While most people's attention is still focused on the Layer2 solution zkRollup, which addresses Ethereum's congestion issues, the importance of zkOmnichain cannot be overlooked. It is an interoperability protocol based on zero-knowledge proofs, and can be considered an important breakthrough for blockchain and Web3.

In recent years, Ethereum's market share has shown a downward trend. Data shows that Ethereum's TVL proportion has gradually decreased from its peak in August 2020, with the latest figures indicating that its market share has fallen to 59.24%. Although the Layer 1 infrastructure of Web3 may maintain a "one dominant and many strong" pattern in the long term, with the development of Layer 2 solutions, the rise of other public chains, and the continuous emergence of new technologies, it is expected that after 2025, Ethereum's market share may remain below 50% for a long time.

In this context, how to achieve cross-chain applications has become an important issue. Currently, there are three main pathways for applications to achieve full chain coverage: interoperation with different chains through intermediate consensus protocols, completing cross-chain interoperation through Optimistic mechanisms, and interoperation with other chains through zkOmnichain.

Compared to the previous two solutions, zkOmnichain has significant advantages. It does not rely on intermediate chains or oracles, and there are no latency issues. zkOmnichain uses zero-knowledge proof technology to generate validity proofs, achieving completeness and fairness through rigorous mathematics and cryptography.

The emergence of zkOmnichain demonstrates the possibility of transitioning from "chain" to "network," providing a viable solution for constructing Layer 0 infrastructure that supports large-scale full-chain application deployment. Full-chain applications based on zkOmnichain will bring several significant changes: reducing the operational costs of validation nodes, enabling direct cross-chain transactions of native tokens, and enhancing the resilience of the network.

In the next three years, full-chain applications are expected to gradually replace single-chain/multi-chain applications, becoming the mainstream deployment model for Web3 applications. We may see the continuous emergence of full-chain AMM, full-chain lending, full-chain social finance, full-chain NFT, and other applications based on zkOmnichain.

Overall, zkOmnichain represents a new direction for the development of Web3, paving the way for the construction of a truly decentralized and trustless Web3 network. With continuous technological advancements and the gradual popularization of applications, zkOmnichain is expected to become a key force in driving the development of the Web3 ecosystem.