The extreme rise seen in some metrics in Polygon, one of the Ethereum layer-2 protocols, attracts the attention of on-chain analysts.
After Polygon's launch of zkEVM (Zero-knowledge Ethereum Virtual Machine Network) in the past few weeks, network growth has been positive compared to the previous period.
According to the website L2Beat, which monitors on-chain data in Layer-2 networks, the increase in the number of transactions per second metric on Polygon by about 7 times has created a positive atmosphere in the community.
The launch of the Polygon zkEVM protocol significantly increased competition between layer-2 protocols.
It is estimated that Polygon, which acts earlier than its competitors thanks to the developers, attracts crypto lovers to its side. Another metric other than transactions per second confirms the high interest.
TVL Value Doubled in 1 Week!
While the total amount of crypto assets locked in the leading ETH layer-2 solution was around $5 million on May 10, 2023, this figure has more than doubled today.
Although the growing interest in the ecosystem is not yet reflected in the MATIC price, the community hopes that the cryptocurrency will reach the required pricing in the medium to long term.