Polygon zkEVM on Track for Polygon 2.0 with Major Milestones

Recent milestones follow a surge in TVL.

Two little boys on a journey to the Polygon MATIC.
Created by Kornelija Poderskytė from DailyCoin
  • The Polygon ecosystem is preparing for a transition to Polygon 2.0.
  • Ahead of the widely anticipated transition, Polygon zkEVM is hitting new milestones.
  • Recent milestones follow a surge in TVL.

The Polygon ecosystem is witnessing increased adoption, particularly its zero-knowledge Ethereum Virtual Machine (EVM) compatible rollup. As developers build toward the Polygon 2.0 roadmap, this growth shows no signs of slowing.

Following a TVL rise to record levels above $50 million, Polygon zkEVM is also hitting new network activity and user adoption milestones.

zkEVM Sees Surge in Daily Transactions & Unique Users

On Monday, July 31st, the Polygon zkEVM network recorded 115,114 transactions, the highest daily count since its inception and the first time daily transactions on the network have surpassed the 100,000 mark. The number of daily transactions has been on an uptrend since the network’s launch in March 2023 and shows no signs of slowing down.

Polygon zkEVM Daily Transactions Chart.
Polygon zkEVM Daily Transactions Chart. Source: zkevm.polygoncan.com

Polygon Labs’s Executive Chairman Sandeep Nailwal sharing the milestone on X, also noted that the ecosystem was growing steadily.

The recent surge in Polygon zkEVM network activity follows a significant jump in the number of unique addresses on the network jumping from 290,510 on Saturday, July 29, to 340,950 by Monday, July 31st. The change represents a whopping 50,440 difference in just two days.

Polygon zkEVM Unique Addresses Chart.
Polygon zkEVM Unique Addresses Chart. Source: zkevm.polygoncan.com

Polygon Labs claims Polygon zkEVM offers users unrivaled security and scalability. The network is among the development team’s most recent efforts to optimally scale the Ethereum network.

On the Flipside

  • Polygon’s zkEVM faces competition from zero-knowledge rollups like zkSync Era, which saw over 844k transactions on July 17th alone.
  • Arbitrum, an Optimistic rollup, has recorded over 2.7 million daily transactions.

Why This Matters

The recent milestones recorded by Polygon’s zkEVM highlight the excitement surrounding the project and the Polygon 2.0 vision.

Read this to learn more about how Polygon zkEVM clinched a new TVL all-time high:

Polygon zkEVM Clinches All-Time High TVL Through Adoption

The Nigerian SEC does not want Binance operating in the country. Find out more:

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Okoya David

David Okoya is a crypto news reporter at DailyCoin based in Nigeria. He covers various topics related to the cryptocurrency industry, including exchanges, regulations, and price movements, and strives to bring fresh angles to breaking news. With experience as a freelance crypto news writer, David upholds the highest journalistic standards, telling complete stories and answering lingering questions whenever possible.