Polygon zkEVM Performance, Adoption

Polygon Labs has declared that, since the beta launch of Polygon zkEVM, “narratives” about zkEVMs and Ethereum layer-2 blockchains have become far less important than the actual performance of the network.

Accordingly, the team published a blog post examining Polygon zkEVM Mainnet Beta since the March 27 launch, including information on performance metrics, developers’ experiences, technical changes and network downtime or other issues.

“Hype won’t carry the Ethereum community to the frontiers of Web3. Only the best tech can do that, which is why it’s time to talk about the tech itself,” according to Polygon.

Here are some key points from the report:

• Gas prices have dropped 93% from 0.001633 $ETH to 0.00011 $ETH since launch.
• In the first week, the number of contracts deployed grew from 147 to 652.
• There are more than 30,000 active wallets on Polygon zkEVM as of April 4.
• Current TVL on Polygon zkEVM remains relatively low at $2.74 million.

“Polygon zkEVM is a revolutionary technology, but the revolution is far from finished. Expect updates about key metrics and ongoing improvements–and also potential setbacks. Transparency is why Polygon zkEVM Mainnet Beta is already completely open-source,” according to the post.

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What is Polygon:

Polygon is a “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more. The effectiveness of Polygon as an alternative to Ethereum has seen existing projects such as Aave and Curve adopting its chain.

For more about Polygon:

Website | Twitter | GitHub | Reddit | YouTube