The eagerly awaited airdrop for the Ethereum Layer 2 network is anticipated to occur in mid-June.

zkSync, a Layer 2 network on Ethereum utilizing zero-knowledge technology, is gearing up for its Token Generation Event (TGE) this week, as reported by The Block.

Although the ticker symbol is yet to be revealed, reports suggest that the token will have a maximum supply of 21 billion, with an airdrop planned for early adopters within 30 days of the TGE.

zkSync Era ranks among the top 10 Layer 2 networks, boasting a total value locked (TVL) of $927 million.

Speculation among DeFi traders about a potential airdrop has been ongoing since Era’s launch in March 2023. Last week, the project officially confirmed the forthcoming token, reaffirming its commitment to decentralization.

According to a Dune dashboard, over three million wallets have generated 8.1 million transactions on the network thus far. However, activity peaked shortly after Era’s launch and has gradually decreased since then.