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Tag: Tvl

Exploring the Rapid Growth of Polygon zkEVM and its key Metrics

Exploring the Rapid Growth of Polygon zkEVM and its key Metrics

Polygon has seen unprecedented growth in the past few months, with the number of active users and total value locked (TVL) in Polygon’s DeFi ecosystem increasing rapidly. During April, Polygon zkEVM Mainnet experienced up to +300% growth in key metrics. This month recorded some huge numbers for Polygon Mainnet as it gained further support for its community and larger Web 3.0 ecosystem. We will discuss these key metrics on gas costs, total value locked (TVL), net value bridged (NVB), and development activity in this report. its zkEVM Mainnet Beta exceeded 50,000. A total of 95.25 ETH, or almost $177,000 in fees, is already generated across all transactions on the high-performance Zero-Knowledge platform. DappRadar report also indicates that Planet IX, a strategic play-to-earn NFT game, dominated the on-chain activity on Polygon in the first quarter.

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