SyncSwap

SyncSwap is a decentralized exchange that runs on the zkSync Era network. It is designed to make cryptocurrency trading fast, cheap, and convenient thanks to zero-knowledge rollups, which reduce fees and increase transaction speeds compared to the main Ethereum network.

Instead of a classic order book, it uses an automatic market-making model: users add their tokens to liquidity pools, and others can instantly exchange one coin for another. SyncSwap is unique in that it implements different types of pools, optimized for stable coins or volatile tokens, which reduces slippage and makes trading more efficient.

The project actively positions itself as part of the zkSync community and is trying to build a governance model together with users. However, there is little transparency about the team and legal structure, which can be alarming. Separately, it is worth mentioning the possible launch of its own SYNC token, which has not yet been fully disclosed, so some users are waiting for an airdrop.