This report analyzes the current discourse surrounding ZK rollups in the L2 scaling space. It examines how ZK technology is positioned as a contender in the L2 scaling competition. Furthermore, the report compares and contrasts the offerings of various ZK rollup projects, which is then used to create a framework to determine which ecosystems have the greatest likelihood of success.

Decentralization is eating up all industries that have been reliant on custodians and third parties for storage and transfer of value. Everything about how present-day finance functions falls in this category. The illustrious rise of DeFi as a category over the past few years has only made this thesis stronger. As of today, more than $100 Bn worth of assets are locked in DeFi apps across Ethereum. TVL can be considered analogous to AUM of an asset management company or book-size of a lender etc.