Polygon zkEVM Network Hits 3-Month Transaction Peak: What Fueled the Rise?

Polygon zkEVM Network Hits 3-Month Transaction Peak: What Fueled the Rise?
фото показано с : zycrypto.com

2023-11-28 18:58

Polygon’s zkEVM network witnessed a remarkable surge in daily transactions, scaling to a notable three-month high, marking a pivotal milestone since August 2023.

The surge, peaking at 102.9k transactions on November 25, signifies a resurgence in activity within the Layer 2 ecosystem, reflecting renewed interest in and adoption of Polygon’s innovative solution.

This surge in transactional activity corresponds closely with a notable uptick in DeFi operations on the network, specifically highlighted by a substantial rise in monthly Decentralized Exchange (DEX) volume.

JUST IN:

Polygon zkEVM just recorded a 3 month high in daily transactions with over 100K. pic.twitter.com/6X6OmwuLep

— Today In Polygon (@TodayInPolygon) November 26, 2023 Analyzing Polygon zkEVM’s Transaction Record

November 2023 is a record-breaking month, witnessing the highest monthly DEX volume to date, exceeding $51.37 million as per DeFi Llama data. This robust DEX volume underscores the growing prominence of decentralized finance activities within Polygon’s zkEVM network.

However, this surge isn’t an isolated occurrence within the Polygon ecosystem. Mirroring this heightened activity on zkEVM, Polygon’s Proof-of-Stake (PoS) chain has also experienced an upsurge.

Notably, the PoS chain soared to a DEX volume surpassing $400 million on November 14, marking a significant milestone since March 2023. Additionally, on November 16, the network recorded 16 million transactions in a single day, signalling an exceptional surge in user engagement and operational activity.

The surge in Polygon’s zkEVM transactions isn’t devoid of context. It underscores the evolving landscape of Layer 2 solutions and the rising enthusiasm within the Polygon ecosystem.

Amid a broader frenzy surrounding blockchain innovations and the development of 2.0 roadmaps, strategic partnerships like Polygon Labs’ collaboration with OKX further fuel this surge.

This partnership aims to launch a Layer 2 blockchain utilizing the Polygon Chain Development Kit (CDK), contributing to the overarching excitement surrounding Polygon’s ecosystem growth.

Understanding Polygon zkEVM’s Transaction Spike

However, amid this growth, it’s important to note a subsequent decline in transactions on November 26, reflecting a temporary fluctuation. Speculative activity associated with airdrops significantly influenced earlier growth phases within the zkEVM network.

The recent surge in transactions on Polygon’s zkEVM network signifies a significant step forward in adopting Layer 2 solutions. It represents a testament to the ecosystem’s growing maturity and points towards sustained enthusiasm within the Polygon community towards the enhanced scalability and efficiency offered by zkEVM.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Santiment Network Token (SAN) на Currencies.ru

$ 0.0865709 (-0.22%)
Объем 24H $210
Изменеия 24h: 9.95 %, 7d: 19.49 %
Cегодня L: $0.0865709 - H: $0.0865709
Капитализация $0 Rank 5672
Доступно / Всего 0 SAN / 83.337m SAN

polygon network zkevm three-month notable scaling high

Источник: zycrypto.com

polygon network → Результатов: 126


Polygon adds Google Cloud to its validator set

Polygon Labs announced on Sept. 29 that it has added Google Cloud to the decentralized group of validators powering its proof-of-stake Network. Polygon said in its statement that Google Cloud is now among more than 100 validators who secure the Polygon PoS Network, a network that originally operated under the name Matic Network and which […] The post Polygon adds Google Cloud to its validator set appeared first on CryptoSlate.

2023-9-30 23:20


Polygon (MATIC) Network See App Developers Grow by 60% Monthly on Average; 145% Increase in Usage

Layer-two protocols are meant to take the weight off the base protocol. However, it looks like one such scaling solution is rapidly becoming an ecosystem in its own right. Over 60% of Projects Build On Polygon The Polygon network is a popular choice for several decentralized applications (dApps) protocols and this interest has been tracked […] The post Polygon (MATIC) Network See App Developers Grow by 60% Monthly on Average; 145% Increase in Usage first appeared on BitcoinExchangeGuide.

2021-10-22 22:33


Best Projects on Polygon [2021] – Best DeFi Coins On Polygon

What is Polygon? Polygon used to be known as Matic Network, it is a layer 2 scaling solution to the blockchain world. Considering how difficult it is and how expensive it is to be in the ETH world, polygon seeks to resolve all the problems of the ETH blockchain and any other chain that might […] The post Best Projects on Polygon [2021] – Best DeFi Coins On Polygon appeared first on CaptainAltcoin.

2021-9-29 16:14


Трейдер Скотт Мелкер указал на три альткоина с хорошим потенциалом роста

Трейдер Скотт Мелкер в Twitter (570 тыс. подписчиков) назвал три альткоина, стоимость которых в ближайшее время может стремительно вырасти. Мелкер спрогнозировал подорожание Polygon, Elrond и Synthetix Network Token, пишет РБК Крипто.

2021-9-19 16:54


INS3 Brings Decentralized Coverage to Polygon with 2,700 $ITF Per Day in Rewards

Press Release: INS3 Insurance, the provider of decentralized coverages on the Binance Smart Chain, HECO Chain, Conflux and OKExChain, is now bringing its unique coverage options and staking rewards to Polygon! September 1st, 2021, Singapore: With the most recent DeFi exploit of the Polychain Network where the white-hatted hacker eventually did return the funds, DeFi […]

2021-9-1 12:28


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Polygon: 3 key factors that could trigger a 'hated rally' for POL

POL has surged by 17.17% over the past month. An analysts eyes a "hated rally" citing three key factors. Over the past month,  Polygon [POL] has traded in an uptrend. As such, the altcoin hThe post Polygon: 3 key factors that could trigger a 'hated rally' for POL appeared first on AMBCrypto.

Polygon surges 22% in 7 days: Is $0.45 next for POL?

POL has surged by over 22.24% over the past week. Market fundamentals suggested a potential upsurge to a recent high of $0.45. After a sustained decline, Polygon [POL] has seen a turn in forThe post Polygon surges 22% in 7 days: Is $0.45 next for POL? appeared first on AMBCrypto.

POL hits new lows amidst Polygon’s TVL surge: A chance to invest?

POL slips into its lowest ever price point after failing to find a bullish footing. Assessing whether this could be a good opportunity to buy in. POL (formerly MATIC) holders must be throwinThe post POL hits new lows amidst Polygon’s TVL surge: A chance to invest? appeared first on AMBCrypto.

Polygon: Can network growth help POL overcome selling pressure?

Polygon’s DeFi TVL has surged to a 7-month high of $1.16 billion. Despite the network growth, POL still showed bearish signals with a rounding top pattern on its four-hour chart.  POL (foThe post Polygon: Can network growth help POL overcome selling pressure? appeared first on AMBCrypto.