Cronos Labs, in collaboration with Matter Labs, is launching the "Cronos zkEVM chain," a new layer-2 network set to enhance the Ethereum ecosystem.

Initially debuting as a test network, Cronos zkEVM chain utilises Matter Labs’ software for creating layer 2 and 3 hyperchains on Ethereum.

This network, powered by zkSync’s ZK Stack from Matter Labs, represents an expansion of Cronos’ ecosystem, which already includes Cronos EVM and PoS chains.

Crypto.com, a partner of Cronos Labs, plays a significant role in the development, contributing to the PoS chain's source code.