DeFi wallet developer Argent will halt development of zkSync Era in favor of the Ethereum Layer 2 network and zk-rollup Starknet.
Argent will begin reducing support for zkSync Era alpha accounts starting January 31, but they won’t be closing or losing security despite the lower performance.
“After a six-month alpha phase and careful consideration of user feedback, we have decided to halt development of the zkSync Era account to focus on Starknet,” according to an email from Argent obtained by The Block. Argent wants to focus on building products that augment its growing ecosystem.
Argent strongly recommends that users transfer their zkSync Era assets from the platform to another zkSync Era wallet or link them to a Starknet or Ethereum account “as soon as possible.”
Starknet vs zkSync era
Argent was one of the first major crypto projects to build on zkSync Era, a zero-knowledge scaling protocol compatible with the Ethereum Virtual Machine, when its Layer 2 network went live in March. zkSync Era offers developers an easier time moving applications to the network, along with faster transactions and lower costs.
However, in late August, Argent partnered with the Starknet Foundation to launch Hito Studios, an early-stage venture studio focused on backing startups that build on Starknet, The Block previously reported.
zkSync Era retains 40.3% of the value locked in Ethereum ZK Rollups, compared to 12.2% for Starknet, The Block’s Data Dashboard shows.
Argent did not respond to a request for comment from The Block.