Weekly Recap: ZK Proving Market, Lens Momoka, Zora L2 and more

Often, within a bear market, the most important events on a weekly basis are longer-term market development and product announcements. It’s about understanding what foundational infrastructure and trends are occurring that can support or drive a new wave of application development. This means looking at upcoming markets like zero-knowledge proving or consumer crypto and understanding where we are in the development process and how the fundamental infrastructure properties can evolve future application markets.

In this respect, this week's big events have centered around forward-looking product developments and include:

• ZK proving market sizing by Aligned
• Momoka’s effect on Lens’ unit economics
• Sphere unlocking standard cash payments for DePIN
• Zora's consumer L2 testnet launch
• Fantom's Gas Monetization program