{"id":297871,"date":"2023-03-17T20:00:32","date_gmt":"2023-03-17T14:30:32","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=297871"},"modified":"2023-03-17T13:07:34","modified_gmt":"2023-03-17T07:37:34","slug":"will-polygon-benefit-from-upcoming-zkevm-launch-facts-suggest","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/will-polygon-benefit-from-upcoming-zkevm-launch-facts-suggest\/","title":{"rendered":"Will Polygon benefit from upcoming zkEVM launch? Facts suggest&#8230;\u00a0"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">As Polygon zkEVM launch date approaches, MATIC\u2019s unique addresses see a rise.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">The coin&#8217;s price action favored the investors, and metrics remained bullish.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The wait is coming to an end soon, as the much-talked-about launch of Polygon [MATIC] zkEVM is just 10 days away. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ahead of the launch, Polygon recently announced that its zkEVM started supporting Etherscan. It is a major development as Etherscan is a leading block explorer and analytics platform for Ethereum [ETH].<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The public testnet for Polygon <a href=\"https:\/\/twitter.com\/hashtag\/zkEVM?src=hash&amp;ref_src=twsrc%5Etfw\">#zkEVM<\/a> now supports Etherscan, the most advanced, down-since-day-one block explorer for searching and browsing Ethereum txns \ud83d\uddc2\ufe0f\ud83d\udd0e<a href=\"https:\/\/t.co\/m618nEWojM\">https:\/\/t.co\/m618nEWojM<\/a><\/p>\n<p>&mdash; Polygon Foundation (@0xPolygonFdn) <a href=\"https:\/\/twitter.com\/0xPolygonFdn\/status\/1636388118520795136?ref_src=twsrc%5Etfw\">March 16, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read<\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/matic-network-price-prediction\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">Polygon\u2019s [MATIC] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2023-24<\/span><\/p>\n<hr \/>\n<h3>State of Polygon zkEVM<\/h3>\n<p><span style=\"font-weight: 400;\">A look at zkEVM\u2019s metrics suggested that it has registered considerable growth over the last few months. As per the official<\/span><a href=\"https:\/\/explorer.public.zkevm-test.net\/\" target=\"_blank\" rel=\"noopener\">\u00a0<span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\">, there have been more than 148,000 transactions on zkEVM so far, and its average block time was 1.3 minutes. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the total number of wallet addresses also exceeded 29,000. The blockchain\u2019s co-founder, Mihailo Bjelic, also revealed that the average proving cost per zkEVM transaction is $0.000084, which is a commendable figure, proving zkEVM\u2019s efficiency.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Average proving cost per <a href=\"https:\/\/twitter.com\/0xPolygon?ref_src=twsrc%5Etfw\">@0xPolygon<\/a> zkEVM transaction is $0.000084! \ud83d\udd25<\/p>\n<p>A year ago, everyone familiar with the concept of zkEVM (including us \ud83d\ude48) was not convinced that these levels of proving efficiency will ever be possible.<\/p>\n<p>Imagine where we will be in a year from now.. \ud83d\udcab <a href=\"https:\/\/t.co\/AOk5SxvYr5\">https:\/\/t.co\/AOk5SxvYr5<\/a><\/p>\n<p>&mdash; Mihailo Bjelic (@MihailoBjelic) <a href=\"https:\/\/twitter.com\/MihailoBjelic\/status\/1636338264960385024?ref_src=twsrc%5Etfw\">March 16, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3>zkEVM helping Polygon grow<\/h3>\n<h3><\/h3>\n<p><span style=\"font-weight: 400;\">As the hype around zkEVM continued to rise, the Polygon network as a whole received increased traction. Dune\u2019s<\/span><a href=\"https:\/\/dune.com\/nascent\/Polygon:0\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> revealed that unique addresses on the <a href=\"http:\/\/ambcrypto.com\/matics-recovery-faces-headwinds-can-bulls-prevail\/\" target=\"_blank\" rel=\"noopener\">Polygon<\/a>\u00a0gained upward momentum for a few weeks.<\/span><\/p>\n<figure id=\"attachment_297872\" aria-describedby=\"caption-attachment-297872\" style=\"width: 566px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/DUNE-Polygon.jpg\"><img decoding=\"async\" class=\"size-full wp-image-297872\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/DUNE-Polygon.jpg\" alt=\"\" width=\"566\" height=\"237\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/DUNE-Polygon.jpg 566w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/DUNE-Polygon-300x126.jpg 300w\" sizes=\"(max-width: 566px) 100vw, 566px\" \/><\/a><figcaption id=\"caption-attachment-297872\" class=\"wp-caption-text\">Source: Dune<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Furthermore, the blockchain&#8217;s NFT ecosystem also witnessed similar growth, as its sales volume<\/span><a href=\"https:\/\/www.cryptoslam.io\/blockchains\/polygon\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">increased<\/span><\/a><span style=\"font-weight: 400;\"> by more than 400% in the last 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Polygon Daily, a popular Twitter handle that posts updates related to the Polygon network, mentioned in a tweet about the top NFT collections of the last week. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As per the tweet, CollectTrump, The Sandbox, and GN Ape House, topped the list of the most traded Polygon NFT collections on OpenSea in the last seven days. Apart from these, Lens Protocol, Meta Force Space, and Polygon Ape YC also made it to the list.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Most-traded <a href=\"https:\/\/twitter.com\/0xPolygon?ref_src=twsrc%5Etfw\">@0xPolygon<\/a> NFT Collections On OpenSea Last 7 Days<\/p>\n<p>\ud83e\udd47 <a href=\"https:\/\/twitter.com\/CollectTrump?ref_src=twsrc%5Etfw\">@CollectTrump<\/a> <br \/>\ud83e\udd48 <a href=\"https:\/\/twitter.com\/TheSandboxGame?ref_src=twsrc%5Etfw\">@TheSandboxGame<\/a>   <br \/>\ud83e\udd49 <a href=\"https:\/\/twitter.com\/Gnapehouse?ref_src=twsrc%5Etfw\">@Gnapehouse<\/a><a href=\"https:\/\/twitter.com\/LensProtocol?ref_src=twsrc%5Etfw\">@LensProtocol<\/a><a href=\"https:\/\/twitter.com\/MetaForceSpace?ref_src=twsrc%5Etfw\">@MetaForceSpace<\/a><a href=\"https:\/\/twitter.com\/PolygonApeYC?ref_src=twsrc%5Etfw\">@PolygonApeYC<\/a><a href=\"https:\/\/twitter.com\/rektdogs?ref_src=twsrc%5Etfw\">@rektdogs<\/a><a href=\"https:\/\/twitter.com\/VoxiesNFT?ref_src=twsrc%5Etfw\">@VoxiesNFT<\/a><a href=\"https:\/\/twitter.com\/MetaworldCat?ref_src=twsrc%5Etfw\">@MetaworldCat<\/a><a href=\"https:\/\/twitter.com\/genso_meta?ref_src=twsrc%5Etfw\">@genso_meta<\/a><a href=\"https:\/\/twitter.com\/opensea?ref_src=twsrc%5Etfw\">@Opensea<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/POLYGON?src=hash&amp;ref_src=twsrc%5Etfw\">#POLYGON<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MATIC<\/a> <a href=\"https:\/\/t.co\/tsVDcG2dmx\">pic.twitter.com\/tsVDcG2dmx<\/a><\/p>\n<p>&mdash; NFTevening \u0262\u1d0d (@NFTevening) <a href=\"https:\/\/twitter.com\/NFTevening\/status\/1636381809003855872?ref_src=twsrc%5Etfw\">March 16, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check the<\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/matic-network-profit-calculator\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">Polygon Profit Calculator<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<hr \/>\n<h3>MATIC is also benefiting from this scenario<\/h3>\n<p><span style=\"font-weight: 400;\"><a href=\"http:\/\/ambcrypto.com\/what-can-spur-polygons-matic-bullish-trend-analyzing\/\" target=\"_blank\" rel=\"noopener\">MATIC<\/a>\u00a0painted its charts green recently, thanks to the positive market sentiment. As per<\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/polygon\/\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, MATIC\u2019s price increased by nearly 5% in the last 24 hours. At press time, it was trading at $1.17 with a market capitalization of over $10.19 billion. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The good days might continue further. Consider this- <a href=\"http:\/\/ambcrypto.com\/heres-where-matics-short-sellers-can-look-to-book-their-profits\/\" target=\"_blank\" rel=\"noopener\">MATIC<\/a>\u2019s net deposits on exchanges were<\/span><a href=\"https:\/\/cryptoquant.com\/asset\/matic\/summary\" target=\"_blank\" rel=\"noopener\"> <span style=\"font-weight: 400;\">low<\/span><\/a><span style=\"font-weight: 400;\"> compared to the 7-day average, suggesting less selling pressure. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Weighted sentiments remained relatively high, indicating increased confidence among investors in MATIC. In addition to that, MATIC\u2019s MVRV Ratio increased considerably over the last few days, which was again a bullish signal.\u00a0<\/span><\/p>\n<figure id=\"attachment_297873\" aria-describedby=\"caption-attachment-297873\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Polygon-on-Polygon-MATIC-11.19.17-17-Mar-2023.png\"><img decoding=\"async\" class=\"size-full wp-image-297873\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Polygon-on-Polygon-MATIC-11.19.17-17-Mar-2023.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Polygon-on-Polygon-MATIC-11.19.17-17-Mar-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Polygon-on-Polygon-MATIC-11.19.17-17-Mar-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Polygon-on-Polygon-MATIC-11.19.17-17-Mar-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Polygon-on-Polygon-MATIC-11.19.17-17-Mar-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Polygon-on-Polygon-MATIC-11.19.17-17-Mar-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Polygon-on-Polygon-MATIC-11.19.17-17-Mar-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-297873\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>As Polygon zkEVM launch date approaches, MATIC\u2019s unique addresses see a rise. The coin&#8217;s price action favored the investors, and metrics remained bullish. The wait is coming to an end soon, as the much-talked-about launch of Polygon [MATIC] zkEVM is just 10 days away. Ahead of the launch, Polygon recently announced that its zkEVM started<a href=\"https:\/\/ambcrypto.com\/will-polygon-benefit-from-upcoming-zkevm-launch-facts-suggest\/\">Continue reading <span class=\"sr-only\">&#8220;Will Polygon benefit from upcoming zkEVM launch? Facts suggest&#8230;\u00a0&#8220;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":297890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[1266],"class_list":["post-297871","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-matic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Will Polygon benefit from upcoming zkEVM launch? 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The coin&#039;s price action favored the investors, and metrics remained bullish.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/will-polygon-benefit-from-upcoming-zkevm-launch-facts-suggest\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-17T14:30:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/MATIC.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Saman Waris\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/SamanWaris11\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saman Waris\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/will-polygon-benefit-from-upcoming-zkevm-launch-facts-suggest\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/will-polygon-benefit-from-upcoming-zkevm-launch-facts-suggest\\\/\"},\"author\":{\"name\":\"Saman Waris\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/ad73a5a061fcfc27548aa27112d8b9d8\"},\"headline\":\"Will Polygon benefit from upcoming zkEVM launch? 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