- Polygon zkEVM achieves 100,000 transactions in a day.
- Impressive stats as of July 31, 2023: Low gas fees, 297,107 wallets, 7,060 contracts, $35,212,170 TVL, and 401,841 ZK-Proofs.
- Polygon zkEVM is a game-changer, providing fast network finality and compatibility with Ethereum smart contracts.
Polygon zkEVM is making waves as a leading zero-knowledge scaling solution. The Polygon zkEVM ecosystem is continuously expanding, as evidenced by a recent milestone: the platform clocked 100,000 transactions in a single day for the first time. This achievement was shared by Polygon founder Sandeep Nailwal.
As of July 31, 2023, the platform has achieved impressive milestones. The platform has managed to keep theaverage gas fee per transaction incredibly low, at just 0.000236 ETH.
The cumulative number of wallets on the platform has reached a staggering 297,107. The platform boasts 246 active wallets, showing a healthy level of user engagement and activity.
Developers have deployed a total of 7,060 contracts on the platform, further demonstrating the platform’s compatibility with existing Ethereum smart contracts and developer tools. The Total Value Locked (TVL) on the platform stands at a robust $35,212,170. The platform has processed a total of 433 transactions, demonstrating its capability to handle a high volume of transactions efficiently.
Additionally, the platform has generated 401,841 ZK-Proofs, showcasing the power and efficiency of its zero-knowledge-proof technology.
In addition to these impressive numbers, Polygon zkEVM offers several key benefits. zkEVM is compatible with the vast majority of existing Ethereum smart contracts, developer tools, and wallets. This means developers can focus on improving their code rather than having to rewrite it for a new platform.
With the help of Polygon Zero technology, the platform offers fast network finality with frequent validity proofs. This leads to a high-performance user experience. Polygon zkEVM is a game-changer in the blockchain space, offering a scalable, secure, and cost-effective solution for Ethereum compatibility, which is evident from its recent numbers.
Source: https://coinedition.com/polygon-zkevm-hits-100k-transactions-in-a-day-for-the-first-time/