• Polygon zkEVM has announced its entrance into the second stage of development.
• zkEVM remains outside the top 10 L2s.

Polygon zkEVM recently revealed its transition to the next phase of development. What does this upcoming stage involve, and how has the platform performed in its current stage?

Polygon zkEVM enters the second stage

About 10 months ago, Polygon zkEVM was launched as the first full-featured, open-source zkEVM. Despite its debut, the Layer 2 (L2) was in its initial stage until recently.

A recent announcement from Polygon revealed the commencement of the network’s second stage on 11th January. This stage is dedicated to fostering the growth of decentralized applications (dApps) on the network.

Also, it would initiate on-chain activities and introduce new dApps. Also, the third stage has been scheduled for March.

The final stage, the third stage, promises a significant upgrade to the Polygon zkEVM client, eliminating all throughput limitations.

How the Polygon zkEVM has fared so far

A comprehensive examination of transactions on the Polygon zkEVM scanner has revealed a gradual decline in daily transaction numbers over time.

Initially, upon launch, the daily transaction count was around 50,000, but it subsequently declined to the 30,000 range and even below. Currently, as of the latest data, the transaction count has experienced a modest increase and was over 29,000.

Despite the decline in daily transaction numbers, there is a notable uptick in a different metric.

A closer analysis of the transaction chart showed that the number of n

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Author: Adewale Olarinde

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