• Polygon’s zkEVM Mainnet Beta hit an all-time high of 25k transactions on May 25.
• It is the first zero-knowledge scaling solution that is compatible with the Ethereum Virtual Machine and integrates developer tools and smart contracts.
• Total assets on the Polygon blockchain network are now over $18 million, and gas optimizations have drastically reduced transaction costs.
Polygon Reaches New All-Time High
Polygon recently achieved a new all-time high in single-day transaction volumes for its zkEVM Mainnet Beta on May 25, with a total of 25k transactions. This makes it one of the most affordable Layer-2 rollups available, thanks to reduced fees through gas optimizations and increased network activity.
zkEVM Compatible With Ethereum Virtual Machine
Polygon’s zkEVM is a zero-knowledge scaling solution that is compatible with the Ethereum Virtual Machine (EVM) and integrates developer tools and smart contracts. This makes it possible to deploy complex applications and projects without compromising scalability or security.
Assets On The Polygon Network
The total assets stored on the Polygon blockchain network are now over $18 million, while those linked to DeFi protocols have passed $10 million. Gas optimizations have drastically reduced the cost of transacting on the network in recent weeks, making it one of the most affordable Layer-2 solutions available today.
Reduced Transaction Fees
Transaction fees on Polygon zkEVM cover expenses associated with data availability and posting proofs to Ethereum. The fees also contribute to running servers responsible for generating proofs for each transaction processed. In addition, optimizations will further reduce fees by 20% in the upcoming weeks without any compression applied.
Rapidly Growing User Base
As Polygon continues to grow its user base rapidly, more people are taking advantage of its low fees and seamless scalability solutions for their projects or applications. The continued success of its zkEVM Mainnet Beta marks just one step forward in what looks like an exciting future for this Layer-2 solution provider!