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Is Polygon zkEVM the LEADING Zero Knowledge Scaling Solution for ETHEREUM?

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Is the Zero Knowledge mania over? ZkSync, Starknet, Polygon zkEVM, the list goes on. But there's one that eclipsed all the others - Polygon zkEVM. The chain launched in late March, today marking 3.5 months of continuous growth in TVL, wallets, and transactions.

Let's go over Polygon zkEVM's Metrics:

  • Average Gas Fee Per Transaction: 0.000157 ETH (~$0.3)
  • Number of Wallets: 164,000+
  • Contracts Deployed: 5,220+
  • Total Value Locked (TVL): $31,000,000+
  • Active Wallets: 9,220+

These metrics are a clear indication the chain (even though in beta) is succeeding - wallets are growing, fees are relatively low (remember: more usage equals less fees), wallets are increasing, TVL is at a healthy level and constantly on the rise.

Currently, the chain comprises 3 main DeFi offerings:

  1. DEX: with QuickSwap in the lead amassing $10,000,000+ in TVL.
  2. Derivatives: with QuickPerps in the lead amassing $9,500,000+ in TVL.
  3. Lending: with 0vix in the lead amassing $600,000+ in TVL.

Unless you're a massive whale, zkEVM will comfortably have enough liquidity to support your DeFi activities such as swapping, farming, trading, and lending/borrowing.

ALPHA: there might be an airdrop for Polygon zkEVM users as stated by Sandeep (co-founder of Polygon Labs) on Twitter. More details here.

submitted by /u/AverageRedditLad
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