U.Today - Polygon zkEVM protocol is notably asserting its stance as an Ethereum-based Layer 2 (L2) protocol following the of its key performance milestones for the month of May.
https://twitter.com/0xPolygonLabs/status/1663687424197685248
Polygon zkEVM growth highlights
As shared by the protocol, there was significant growth in liquidity in the month of May as total assets locked topped the $18 million mark. In the Polygon zkEVM decentralized finance (DeFi) protocol, the total value locked has now exceeded $10 million.For a protocol that started from scratch, this liquidity pull is a significant one as it seeks to continue carving a niche for itself in the L2 world through . To also complement its developmental efforts, the protocol said it recorded gas optimizations in the past two weeks, with evidence of drastically reduced costs of transacting on the network.
This gas optimization feature has made Polygon zkEVM one of the cheapest Layer 2 outfits on Ethereum today. Polygon remains a legacy scalability platform, and though the zkEVM outfit is relatively new, it is gradually gaining momentum.
The month of May had a central theme, which is to bolster its liquidity provisions. The L2 outfit reported that the total assets bridged to the network grew 7X, between April 24 and May 29, to over $18 million.
As a major highlight cap, the protocol noted that single-day transaction volume broke all-time highs several times. It reported that a total of more than 25,000 transactions were processed on May 25 on the Polygon zkEVM mainnet beta.