• The total number of depositors on Polygon zkEVM nearly doubled over the past month.
• Despite its achievements, the network still lagged behind zkSync Era.

L2 scaling solution Polygon [MATIC] zkEVM has been on a tear over the past month, with the total worth of assets on the network mushrooming to record highs.

Read Polygon’s [MATIC] Price Prediction 2023-2024

As per data from DeFiLlama, the total value locked (TVL), the defining feature of a project’s growth and adoption, rose to $23.31 million at the time of publication. This meant a 9.5x growth from the previous month.

Infact, Polygon zkEVM recorded highest TVL growth in May among all other blockchains.

Apparently, the activity on the rollup started moving upward after co-founder Sandeep Nailwal dropped hints of a potential AirDrop.

Polygon zkEVM shines

The latest spike in Polygon zkEVM’s TVL, an increase of more than 20% over the past 24 hours, could be driven by a recent update to its Mainnet Beta. Designed to iron out deficiencies in the previous version and improve the overall experience for facilitating transactions, the upgrade had the potential to attract more users in the days to come.

The update of Polygon #zkEVM Mainnet Beta is complete, and full networks service has resumed normally.

Please ensure you are using the latest versions of the node & prover, as they are the recommended packages for Polygon

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Author: Suzuki Shillsalot

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