Polygon zkEVM Records 100,000 Daily Transactions
Sandeep Nailwal, co-founder of Polygon, stated on Twitter that the platform had processed over 100,000 transactions per day for the first time, reinforcing its position as a top Layer 2 scaling solution.
Furthermore, the platform has produced 401,841 ZK-Proofs, showing the power and efficiency of its zk-proof technology. Its total number of wallets exceeded 297,107, with 246 active wallets, illustrating a high level of user participation and activity.
This outstanding result indicates the community’s and developers’ trust and confidence in Polygon’s zkEVM. The network’s ability to handle a huge amount of daily transactions emphasizes its potential to address the scalability challenges that Ethereum (ETH) and other blockchain networks are experiencing.
The success of zkEVM is not an isolated event, but is inextricably linked to Polygon’s developing ecology. Developers and projects from a variety of industries have recognized the value of Polygon’s Layer 2 solutions and have begun to migrate to the network.
Polygon has seen substantial expansion in the Decentralized Finance (DeFi) field, with a growing number of protocols utilizing the platform’s scalability and low transaction fees.
NFT markets and games Decentralized Applications (dApps) have also built on Polygon, benefiting from a more seamless and cost-effective user experience.
The zkEVM Success Path
Polygon, originally known as Matic Network, has been focused to overcoming Ethereum’s scalability issues. Polygon’s previous solutions, including Plasma and PoS Chain, provided the framework for the company’s rise to prominence as a Layer 2 scaling solution.
zkEVM, on the other hand, was an important turning point in the platform’s history, altering the way transactions are processed on the network. This Layer 2 solution provides a fascinating alternative to the Ethereum mainnet, drastically lowering gas prices and relieving congestion while maintaining security.
By utilizing zk-proofs, zkEVM enables faster and more efficient transaction processing while remaining compatible with the Ethereum Virtual Machine (EVM).
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