• Cronos announces the zkEVM public mainnet (alpha) launch date set for August 15, expanding its blockchain ecosystem.
• The launch of Cronos zkEVM will enable users to connect wallets, bridge funds, and access numerous growing dapps.

Cronos has officially announced that Cronos zkEVM will launch on the public mainnet (alpha) on August 15. This highly anticipated event marks a key milestone for Cronos, as its newest and most future-proof blockchain network is nearly set to launch.

On August 15, users will be able to connect their wallets, bridge funds, and access a huge and quickly growing number of decentralized applications (dapps) within the Cronos ecosystem.

Previously, CNF reported on Desember about the Cronos zkEVM network. This network represents a huge expansion of the Ethereum ecosystem, providing the foundation for additional layer-2 and layer-3 chains, sometimes known as “hyperchains.”

Positive Investor Reaction Follows Cronos zkEVM Launch News 

The Cronos zkEVM public mainnet launch is expected to reinforce Cronos’ status as a prominent participant in the blockchain industry. As soon as Cronos zkEVM is live, the Pioneer Program will continue with a new series of “Mainnet Missions,” which encourage users to actively participate in the network and explore its capabilities.

Investor response after this announcement has been especially positive, with a jump in demand for Cronos’ native coin, CRO. CRO has had a large rise in buying activity in the last 24 hours, indicating increased confidence in the Cronos ecosystem.

CRO is currently trading around $0,09414, up 13.76% over the last 24 hours. Furthermore, CRO’s daily trading volume has increased by more than 500% to $97.536 million, bringing its market cap to more than $2.50 billion.

This excellent performance has propelled CRO into today’s top gainers on CoinMarketCap, demonstrating the token’s high demand.

On the other hand, it is worth noting that Cronos opened an IBC channel with Canto last year, allowing for decentralized CANTO transfers and improving interoperability between the Ethereum and Cosmos ecosystems.

With this endeavor, customers may simply transfer CANTO via Keplr and MetaMask, cementing Cronos’ position as a leader in promoting crypto interoperability with Canto.