Inventory of the Polygon zkEVM ecosystem

Co-founder of Polygon, Sandeep, tweeted that “there is no rule that existing tokens cannot be airdropped on a large scale”, implying that an airdrop may be in the works. Coupled with the recent announcement of Polygon 2.0 plans, Polygon’s TVL is expected to grow rapidly in the short term. Cryptocurrency researcher 100y has summarized recent developments in the Polygon ecosystem and listed the major projects in the Polygon zkEVM ecosystem.

Initially, the Polygon zkEVM network used the existing token MATIC for incentives and ETH for gas fees, with little network activity. This was mainly due to lower expectations for airdrops compared to other networks.

However, recently there has been a surge in activity on the Polygon zkEVM network, due to hints from Polygon co-founder Sandeep about possible airdrops, and Vitalik Buterin’s statement at EDCON2023 that Polygon zkEVM is the only network to reach Phase 1 of the summary milestone. Within less than a month, Polygon zkEVM TVL has increased tenfold from around $2 million to $25 million.

While the ecosystem is developing rapidly, the network is still in its early stages. We can expect the Polygon ecosystem to expand around Polygon zkEVM and related technologies. Recently, there has been a proposal to extend Rocket Pool’s rETH to Polygon zkEVM, and more Dapps and users are expected to join Polygon zkEVM in the future.

Reference: https://medium.com/fourpillars/polygon-zkevm-ecosystem-slow-but-steady-60da6b8ee17c

Like what you're reading? Subscribe to our top stories.

We will continue to update Gambling Chain; if you have any questions or suggestions, please contact us!

Follow us on Twitter, Facebook, YouTube, and TikTok.

Share:

Was this article helpful?

93 out of 132 found this helpful

Gambling Chain Logo
Industry
Digital Asset Investment
Location
Real world, Metaverse and Network.
Goals
Build Daos that bring Decentralized finance to more and more persons Who love Web3.
Type
Website and other Media Daos

Products used

GC Wallet

Send targeted currencies to the right people at the right time.