Polygon zkEVM: 300k Transactions and Whale Confidence in MATIC!

admin,

Polygon’s zkEVM Testnet Reaches Milestone

  • Polygon [MATIC] revealed updated statistics about its anticipated zkEVM.
  • The testnet nearly reached 300,000 transactions, a milestone for the future of scaling Ethereum.
  • Whale interest increased in MATIC and market indicators looked bullish.

zkEVM Transactions Close to 300,000

At press time, Polygon’s zkEVM was in the final stage of testnet testing and had nearly reached a milestone of 300,000 transactions. This was an important step forward for Ethereum scalability and showed that Polygon is mature enough to handle this kind of workload. The other BIG NEWS will be released soon. Here are the metrics from last week that demonstrate continued momentum:

  • Transactions: Nearly reached 300,000
  • Wallets:: Increased by 2% (from 83045 to 84702)
  • Deployed Contracts: : Increased by 5.8%
  • ZK-Proofs: : Increased by 2.75%

.

Whales Show Interest in MATIC

WhaleStats reported that whales seemed confident in MATIC as it ranked third on their list of cryptocurrencies held by the top 500 Ethereum whales. To understand what might have caused whale interest in MATIC we looked into its on-chain performance indicators:

  • Exchange Reserve: : Decreasing which indicated less selling pressure

    • Active Wallets Trading: : Increased showing more demand for the token

.

Futures Market Demand High For MATIC

The DyDx funding rate for MATIC remained high over the past week which showed strong demand from futures traders. Additionally, MATIC’s total supply held by top addresses went up slightly indicating confidence amongst investors. However development activity decreased over the last few days which is something to keep an eye on.

Conclusion & Profit Calculator Tool Available

Ultimately Polygon’s zkEVM testnet has achieved a major milestone with nearly 300,000 transactions being processed – something that will bolster Ethereum scalability in future years. Whales also show signs of interest in MATIC due to its promising fundamentals and increasing demand from futures markets. If you want to check how your portfolio is looking there is now a profit calculator tool available from Polygon allowing you to track your profits or losses easily!

Allgemein