zkSync has announced an impending upgrade to its protocol, stirring excitement and airdrop rumors among traders. In a post on X (formerly Twitter) on Friday, the Layer 2 protocol revealed plans to launch its v24 upgrade this summer, a move expected to accelerate the network's decentralization.

The announcement has led to widespread speculation that zkSync might conduct an airdrop this summer, an event eagerly anticipated by traders since last March. "The remaining missing pieces are expected to be in place by the end of June," zkSync stated in its post. “The upcoming release of v24 is the final planned protocol upgrade needed before handing over network governance to the community.”

Investors have been eagerly awaiting this development, with over $8 million worth of cryptocurrencies bridged to the Layer 2 solution early last year in anticipation of a potential airdrop. Airdrops, which involve distributing virtual tokens for free, are a common strategy used by crypto networks to attract interest and expand their user base.

Founded in 2019, zkSync is a Layer 2 solution that leverages zero-knowledge (Zk) roll-ups to reduce transaction costs by storing data off-chain. The v24 upgrade is seen as a crucial step towards decentralizing the network and empowering the community with governance responsibilities.

As the summer approaches, the crypto community will be watching closely to see if the rumored airdrop materializes, potentially marking a significant milestone for zkSync and its users.