Polygon zkEVM: Of rising adoption and MATIC’s reaction

December 28, 2023

By Dipayan Mitra

• zkEVM’s average gas price started to drop after increasing on the 16th of December. 

• MATIC was up by over 18%, and social sentiments turned bullish. 

Polygon [MATIC] zkEVM has come a long way this year since its launch. Inasmuch, Sandeep Nailwal, the co-founder of Polygon, took to X (formerly Twitter) to highlight one of the latest achievements of the zk rollup.

As per Nailwal’s tweet, among the top 15 roll-ups by TVL and adoption, four are being built using the Polygon zk-tech stack. This indicated the sheer adoption and capabilities of Polygon’s zk Stack.

Among the top four, Immutable, Manta Network, and Polygon zkEVM sat in the top three positions. These rollups had a TVL of $212 million, $228 million, and $119 million, respectively.

Since zkEVM made it to the top three, AMBCrypto took a look at the rollup’s overall health. Our analysis of Artemis’ data revealed that zkEVM’s TVL has been on a constant rise over the last three months.

For the uninitiated, the higher the TVL of a project, the more secure and valuable it is perceived to be.

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