- Polygon zkEVM has introduced its entrance into the second stage of growth.
- zkEVM stays exterior the highest 10 L2s.
Polygon zkEVM just lately revealed its transition to the subsequent part of growth. What does this upcoming stage contain, and the way has the platform carried out in its present stage?
Polygon zkEVM enters the second stage
About 10 months in the past, Polygon zkEVM was launched as the primary full-featured, open-source zkEVM. Regardless of its debut, the Layer 2 (L2) was in its preliminary stage till just lately.
A latest announcement from Polygon revealed the graduation of the community’s second stage on eleventh January. This stage is devoted to fostering the expansion of decentralized purposes (dApps) on the community.
Additionally, it will provoke on-chain actions and introduce new dApps. Additionally, the third stage has been scheduled for March.
The ultimate stage, the third stage, guarantees a big improve to the Polygon zkEVM shopper, eliminating all throughput limitations.
How the Polygon zkEVM has fared to date
A complete examination of transactions on the Polygon zkEVM scanner has revealed a gradual decline in day by day transaction numbers over time.
Initially, upon launch, the day by day transaction depend was round 50,000, however it subsequently declined to the 30,000 vary and even under. At present, as of the most recent knowledge, the transaction depend has skilled a modest enhance and was over 29,000.
Regardless of the decline in day by day transaction numbers, there’s a notable uptick in a unique metric.
A better evaluation of the transaction chart confirmed that the variety of new addresses was over 1,700. This marked the primary time in over two months that the brand new deal with depend has reached such a stage.
![Polygon zkEVM transactions](https://statics.ambcrypto.com/wp-content/uploads/2024/01/chart-2-1.png)
Supply: Polygon scanner
Moreover, an analysis of the quantity on DefiLlama confirmed constant and noteworthy figures, reaching virtually $1.7 million as of this writing. The chart confirmed that the platform has not solely maintained this threshold however has regularly surpassed it.
Nevertheless, the Whole Worth Locked (TVL) skilled a decline firstly of the yr. It dropped from over $21 million round 2nd January to about $16 million. Presently, the TVL has proven a partial restoration and was round $17 million.
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zkEVM’s dominance stays underneath 1%
In line with knowledge from L2 Beats, the Polygon zkEVM at present holds a market share of lower than 1% within the Layer 2 (L2) area.
As of the most recent out there knowledge, it stands at 0.54%. This share may change within the upcoming months, particularly because the community progresses towards working at full capability.