Polygon Soars 11.31% as zkEVM and Network Developments Take Off

Polygon MATIC Soaring

• Polygon MATIC has seen a 24-hour price gain of 11.31%, along with a market cap and trading volume increase of 11.46% and 18.39%, respectively.
• The protocol is testing its zkEVM ((zero-knowledge Ethereum Virtual Machine) to achieve security, decentralization, and scalability.
• The number of developers working on Polygon has increased from 200 in 2018 to more than 1,000.

Recent Developments on Polygon

Polygon is focused on developing its ecosystem and making achievements in the blockchain space. Tom Dunleavy, a senior research analyst at Messari, recently outlined some of these developments in a tweet. These include the launch of their zkEVM (zero-knowledge Ethereum Virtual Machine) solution which aims to solve the blockchain trilemma optimally by achieving all three elements: security, decentralization, and scalability; as well as an increase in the number of addresses on the network quarter over quarter by 90%, and 90% of MATIC tokens distributed being unlocked. According to co-founder Mihailo Bjelic, this technology will position the network for more Web3 developments as well as ensure mass adoption for the network and its coin due to its security and scalability features.

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MATIC Price Shoots With Over 3% Gain

MATIC price shoots with over 3% gains l MATICUSDT on Tradingview.com – indicating increased utility and activity with the token following its recent developments outlined above..


Networks with high number of developers usually attract investor interests due to higher growth potentials that come with it – which is one reason why Polygon’s recent surge isn’t surprising given that they have achieved so much already despite launching last summer