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Home»ALTCOIN NEWS»Can Polygon zkEVM replicate the success of 2023 in 2024?
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Can Polygon zkEVM replicate the success of 2023 in 2024?

By Crypto FlexsJanuary 3, 20243 Mins Read
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Can Polygon zkEVM replicate the success of 2023 in 2024?
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  • Due to Polygon’s increased network activity, zkEVM’s daily gas usage has skyrocketed.
  • zkEVM’s network statistics have remained lower than the zkSync Era, despite recent gains.

The last month of 2023 was truly happy. Polygon (MATIC) There is a surge in network activity on zkEVM. The increase in network activity indicates a significant surge in adoption and usage.

As we welcome the new year, let’s take a closer look at zkEVM’s network statistics to see if the same trend will continue in January 2024.

Polygon zkEVM’s performance in December

Today In Polygon, a popular X (formerly Twitter) handle, noted in a January 3 tweet: zkEVM‘S In December, daily active addresses surged by more than 200%.

Additionally, the number of daily transactions has surged by more than 130% over the past 30 days.

new:

Over the past 30 days, Polygon zkEVM daily active addresses have increased 202% and daily transactions have increased 134%. pic.twitter.com/qqEhuxWYGq

— Today In Polygon (@TodayInPolygon) January 3, 2024

This increase has resulted in increased gas usage for rollups. This comes after AMBCrypto analyzed data from Polygonscan and found that zkEVM’s average daily gas usage chart has risen.

Source: PolygonScan

What about 2024?

The situation for 2024 also looks quite optimistic. In particular, AMBCrypto investigated Artemis. dataany It said zkEVM has maintained growth in terms of daily active addresses.

A similar trend was seen on the daily trading charts.

However, after the spike on December 28th, the rollup’s TVL has fallen sharply, which is concerning.

TVL deletions typically indicate a change in demand for a particular DeFi service or the popularity of a particular DeFi protocol.

Source: Artemis

Polygon zkEVM vs zkSync Era

Because we are evaluating zkEVMConsidering its performance, it’s important to look at its top competitor, zkSync Era. Artemis analysis by AMBCrypto data We found that although zkEVM has recorded growth in many ways, it still lags behind zkSync.

zkEVM’s daily active addresses and daily transactions were both low compared to its competitors.

But the good news is that zkEVM’s revenue was similar to zkSync’s, and given its growth rate, it will be interesting to see if zkEVM can outperform zkSync.

Source: Artemis


Is your portfolio green? Please confirm MATIC Profit Calculator


MATIC remains bearish

Polygon zkEVM maintained its growth rate in certain areas, while MATIC felt a decline. According to CoinMarketCapIn the last 24 hours, MATIC is down more than 2%.

The trading volume of the token also increased during the price drop, justifying the downward trend. At the time of writing, Matic It traded at $0.9859, with a market capitalization of over $9.4 billion.

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