zkLink, a project on the Ethereum layer-3, has introduced its native token, ZKL, on various centralized exchanges such as Bybit, Hashkey, BitGet, KuCoin, and Gate.io. Notably, major platforms like Binance, Coinbase, and Kraken have not yet listed the ZKL token. The project aims to enhance blockchain functionality by implementing aggregated rollups and layer 3 solutions to facilitate Web3 applications. Despite the token's crucial role in the zkLink ecosystem, its market performance has been disappointing, with a significant drop of about 45% shortly after listing. The ZKL token serves multiple functions within the zkLink protocol, including subsidizing gas costs, funding infrastructure services, and providing governance rights to holders. Despite challenges in maintaining transparent and inclusive governance processes, the platform emphasizes decentralized participation for long-term sustainability. CEO Vince Yang highlighted the token's importance in supporting various ecosystem activities. Read more AI-generated news on: https://app.chaingpt.org/news