The ZK token of zkSync, an Ethereum Layer 2 network, has surged 115% over the past week, reaching $0.068. This significant price increase comes after the introduction of a proposal to enhance the token's utility beyond governance. The proposal, presented by zkSync founder Alex Gluchowski, suggests using protocol-generated revenue for token buybacks and burns, aiming to boost economic sustainability and value capture. The proposal has gained attention, notably receiving endorsements from Ethereum co-founder Vitalik Buterin. It emphasizes aligning incentives to maintain a decentralized and secure network, contributing to the token's recent price rally.