Where & How to Buy Polygon (MATIC) Guide

Polygon’s zkEVM Beta achieves 100K unique wallets, reflecting growing popularity and adoption.The exponential increase in unique wallets showcases Polygon’s ability to attract diverse users.Competition in the blockchain space emphasizes the need for continuous innovation from Polygon.Polygon’s zkEVM Beta has achieved a significant milestone, as it now boasts an impressive count of 100,000 unique wallets. This accomplishment is a testament to the platform’s growing popularity and the increasing adoption of its technology. Polygon zkEVM Beta has reached 100K unique wallets— Narb (@NarbTrading) June 12, 2023 Moreover, reaching 100,000 unique wallets on Polygon’s zkEVM Beta has significant implications for the platform’s future growth. Consequently, it demonstrates users’ trust and confidence in the platform’s capabilities.The exponential increase in unique wallets signifies the platform’s ability to attract and engage diverse users. This achievement is significant in terms of numbers and showcasing the effectiveness and reliability of Polygon’s zkEVM Beta.100K Unique Wallets Solidify Polygon’s PositionHowever, amidst this success, Polygon must remain vigilant. The competition in the blockchain space is fierce, and sustaining growth requires continuous innovation and enhancement of offerings. Hence, Polygon must keep pushing boundaries to maintain its position as a leader in the industry.Additionally, the 100,000 unique wallets on Polygon’s zkEVM Beta highlight the platform’s success and underscore the growing acceptance of blockchain technology. This milestone solidifies Polygon’s position as a critical player in the blockchain ecosystem.The platform’s offering has resonated with users, driving them to engage and explore its functionalities. Moreover, the value users perceive in Polygon’s zkEVM Beta is evident from this achievement. The increasing adoption of technology significantly contributes to the platform’s overall success.Reaching 100,000 unique wallets on Polygon’s zkEVM Beta is a remarkable accomplishment. It demonstrates the platform’s appeal, effectiveness, and potential to shape the future of decentralized finance. With this milestone, Polygon is well-positioned to capitalize on the growing interest in blockchain technology and continue its upward trajectory in the industry.

The Total Value Locked (TVL) and transaction volume on Polygon’s zkEVM platform has increased significantly, demonstrating extraordinary growth. This increase lays the door for decreased costs and increased use of DeFi technologies.In May 2023, the scalable and secure blockchain platform Polygon zkEVM reversed the general trend of declining Total Value Locked (TVL). While most blockchains dropped, Polygon zkEVM had incredible growth, showing its distinct characteristics and compatibility with Ethereum. Distinctive features fueling the growth of Polygon zkEVMData gathered by Crypto Platform shows that in May 2023, the total TVL of all blockchains decreased. This pattern shows a slower-than-usual rate of capital input into DeFi initiatives.General market conditions and legislative changes can explain such variations in TVL. They might also result from introducing fresh blockchain systems or DeFi initiatives.According to todays report, the growth of MATIC zkEVM may be attributed to its distinctive features. First, it is a desirable solution for DeFi projects that demands high performance and reliable privacy precautions due to its scalability and privacy features. Second, zkEVM’s interoperability with the Ethereum blockchain increases its appeal by enabling the easy transfer of already-existing Ethereum dApps to the zkEVM platform. Finally, the rising gas costs on the Ethereum network may influence users and developers to switch to Polygon zkEVM or another more affordable option.On the other hand, the platform’s potential in the DeFi industry is highlighted by the spectacular growth of Polygon zkEVM’s TVL despite a modest overall market slowdown. It demonstrates that users and developers respect the scalability, privacy, and cost-effectiveness of MATIC zkEVM.However, the minor decline in the total TVL across all blockchains is a reminder that the DeFi ecosystem is still unstable and is affected by various outside forces. While blockchain platforms should concentrate on improving their value propositions to attract and retain capital, DeFi fans and investors should continuously watch changes in the market.Polygon’s ZkEVM breaks TVL and transaction volume recordsAccording to Binance, Total Value Locked (TVL) and transaction volume have lately increased dramatically on Polygon’s zkEVM (Zero-Knowledge Ethereum Virtual Machine), indicating exceptional network growth. This boom offers several noteworthy benefits and prepares for lower fees and quicker decentralized finance (DeFi) protocol uptake.MATIC recently tweeted that their zkEVM platform’s growth and transaction volume had achieved all-time highs. The platform saw the biggest week-over-week gain in TVL since its introduction, a startling 70% increase. Growth and transaction volume on Polygon zkEVM hit all-time highs:✅70% increase in TVL, the largest week-over-week jump since launch✅Single day record for successful transaction volume: +13K, on Sunday— Polygon (Labs) (@0xPolygonLabs) May 16, 2023 With almost 13,000 transactions, May 14 set a new record for successful transactions in a single day. Due to the increase in transactions, more users were able to share the cost of reporting call data, which resulted in a decrease in prices.The increase in transaction volume and TVL on Polygon’s zkEVM is encouraging for the DeFi ecosystem. TVL expansion directly impacts the efficacy and sustainability of DeFi techniques. The expanding TVL indicates a growing interest in and confidence in the protocols and underlying infrastructure, which draws more users and liquidity. This increase in TVL is advantageous for top DeFi protocols built on the network and Polygon.Unveiling the success of Polygon zkEVM: Growth, adoption, and exciting developmentsAccording to reports, Polygon [MATIC] zkEVM, an L2 scaling solution, has been on fire, and the network’s total asset value has skyrocketed to new highs in the past month.The total value locked (TVL), a measure of a project’s growth and acceptance, according to statistics from DeFiLlama, increased to $23.31 million at the time of publication. This represented a 9.5x increase from the prior month.Across all blockchains, Polygon zkEVM experienced the largest TVL growth in May. The rollup’s activity increased when co-founder Sandeep Nailwal hinted about a probable AirDrop.A recent upgrade to Polygon zkEVM’s Mainnet Beta may cause the most recent surge in TVL, which increased by more than 20% in the 24 hours. The upgrade has the potential to draw in more people in the days to come because it was made to fix flaws in the earlier version and enhance the overall experience for enabling transactions. The update of Polygon #zkEVM Mainnet Beta is complete, and full networks service has resumed normally.Please ensure you are using the latest versions of the node & prover, as they are the recommended packages for Polygon #zkEVM.— Polygon (Labs) (@0xPolygonLabs) June 8, 2023 As a result of increased use by (decentralized finance) DeFi and other decentralized applications (dApps), the transaction volume on the zero-knowledge rollup (zk-rollup) has continued to rise.

Ethereum scaling solution Polygon (MATIC) will be revealing the blueprint for its 2.0 version over the coming weeks, addressing “topics like the future of the Polygon PoS chain, the utility and evolution of the Polygon token, and the transition to greater community governance of the protocol and treasury,” it said in a blog post Monday.The protocol said Polygon 2.0 is its vision for building “the value layer of the internet,” enabling decentralized finance, digital ownership, new means for coordination and more.As part of that, Polygon 2.0 will be a network of zero-knowledge (ZK) layer 2 chains that will be able to communicate amongst themselves. The blog post also shared that on the user end, the network will feel like a single blockchain.Currently, the Polygon zkEVM Beta, which was released to the public in March, is the only chain from Polygon that incorporates ZK technology, a type of scaling solution that uses zero-knowledge proofs to scale blockchains and reduce transaction fees.Polygon's main chain, the Polygon PoS chain, currently is not ZK-compatible, though Polygon previously told CoinDesk in an interview that it was exploring the possibility of using ZK technology in its main chain.The announcement for how Polygon plans to address its Polygon PoS chain is set for next week. Following that, Polygon will make a series of announcements over the next four weeks on the blockchain's architecture, its token and governance.