- Optimizations to Polygon zkEVM are expected to reduce fees by roughly 20%.
- MATIC’s price increased by 2% in the last 24 hours, and metrics looked bullish.
In its latest tweet, Polygon [MATIC] announced that over the next few weeks, optimizations to zkEVM are expected to reduce fees by roughly 20%. The decline in fees can be a game changer for zkEVM, as it will help attract new users.
In the next few weeks, optimizations to Polygon zkEVM are expected to reduce fees by ~20%. This is without any compression.
But there are many ways users can optimize for fees today. Follow the thread for tips and tools on:
– On-chain transactions
– Bridging transactions— Polygon (Labs) (@0xPolygonLabs) May 22, 2023
Realistic or not, here’s MATIC’s market cap in BTC’s terms
How will users benefit?
Though the fee reduction will take some time, Polygon revealed a few methods of which users can take advantage even now. As per the tweet, Ethereum’s [ETH] trading price can be tracked in order to make transactions with lower fees.
Because most of the transaction fee is for interactions with L1, users should wait for the times of day when Ethereum is cheapest. Additionally, keeping a close eye on network activity will also help. This is because transaction fees usually go down when network activity increases.
Another timing tip: Wait for when
Go to Source to See Full Article
Author: Dipayan Mitra
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
