The first open-source zkEVM, Polygon zkEVM is now at the second stage of its development. It points to the development of decentralized applications (dApps) on a network by starting such activities in-chain and introducing new dApps.
According to polygon, this last stage, scheduled for March will improve a major impact to dispose of throughput restrictions.
Despite a decline in daily transactions from 50,000 to around 29,000. Aside from that, the platform’s DeFi volume has been steady hovering around $1. 7 million. However, the TVL fell from $21 million to $ 16 million at year ‘s start but has since rebounded back up toward around $17million.
Polygon zkEVM at present has less than 1% market share in the L2 space, although this might differ as evolution towards complete capacity is about to start.
Also Read: WebN Group, Laser Digital Launch Libre Protocol on Polygon
