- Transaction exercise on zkSync Period surpassed Polygon zkEVM.
- MATIC surged, however community progress declined, pointing to challenges in sustaining curiosity.
The zkEVM sector has continued to get crowded as competitors elevated between Polygon [MATIC], StarkNet, and zkSync Period. Notably, transaction exercise on these protocols has surged since Might for all three protocols.
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Nonetheless, Polygon has not been in a position to make a major mark on this sector.
The zkEVM race intensifies
In line with Dune Analytics’ data, transactions on zkSync Period have far exceeded these on Polygon zkEVM, indicating the next stage of adoption and utilization for zkSync.
As a consequence of these components, zkSync has achieved a Complete Worth Locked (TVL) of $602 million in belongings locked within the bridge. Alongside, there was a formidable milestone of 1 million distinctive addresses, highlighting rising recognition and consumer engagement.
A breakdown of the TVL revealed that 75.7% of the locked worth consisted of belongings within the type of Ethereum [ETH], indicating a powerful presence of Ethereum-based belongings inside zkSync.
Among the many whole variety of depositing addresses, 36% haven’t utilized Arbitrum [ARB] or Optimism [OP], indicating {that a} substantial portion of customers have but to leverage these particular Layer 2 scaling options.
Supply: Dune Analytics
Taking a look at Polygon
In distinction, when contemplating Polygon DeFi’s zkEVM, a distinct set of statistics emerged, which steered decrease adoption and engagement in comparison with the zkSync Period.
By way of depositing addresses, 11.9% haven’t utilized Arbitrum or Optimism, suggesting a portion of customers who haven’t but engaged with these particular Layer 2 scaling options.
Moreover, 31.9% of the depositing addresses have been created after the launch of the zkSync Period, demonstrating a notable enhance in consumer exercise following its introduction.
In comparison with the zkSync period, 42.3% of those addresses on Polygon’s zkEVM don’t actively take part in DEX’s or NFT actions, indicating a various consumer base with various pursuits inside this ecosystem.
Supply: Dune Analytics
Practical or not, right here’s MATIC’s market cap in BTC’s phrases
Regardless of Polygon’s zkEVM not having the ability to carry out in addition to its rivals. MATIC had an excellent week by way of value, buying and selling at $0.673 at press time. This may be attributed to a rise within the variety of holders of MATIC.
Nonetheless, throughout the identical interval, the community progress for MATIC declined. This implied that new addresses have been dropping curiosity in MATIC over time.
Supply: Dune Analytics
