A surge in daily addresses was partially due to the launch of Polygon’s zero-knowledge EVM public testnet. There were also new partnership deals with Starbucks and Instagram.
Polygon is an Etherum Scaling-specific tool that fluctuated sharply in the fourth quarter as customers scrambled to transfer money during the legendary run-up period of Sam Bankman-Fry 's FTX login password exchange. In addition, according to a new report from blockchain technical analysis platform Nansen, the project launched a new strategic partnership and initiative.
The daily trading volume of Polygon is between 2 million and 3.7 million, while the detailed address of daily activity is between 350000 and 1.7 million.
The total number of daily transactions in FTX soared in early November when customers tried to withdraw their assets from Polygon, which had been suspended. At that time, the daily gas bill peaked, reaching a maximum of $570000 a day. In early October, the daily gas charge was at least $16000.
Compared with the ether, Polygon's daily trading volume in that quarter appears to be twice that of the latter, with more uncertainty, while Polygon's daily gas payment price is 40 to 100 times cheaper.
Li Yijun, author of the report and an analyst at Nansen Scientific Research Investment, told WJB,Polygon that the volatility in the fourth quarter was mainly due to many things other than the collapse of FTX.
Irreplaceable dynamic password (NFT) "launch and collaboration can lead to an increase in the number of transactions, rather than just moving local OTP," Lee said.
The sharp increase in daily addresses is partly due to the introduction of the zero-knowledge EVM public testing network by Polygon.
ZK induction is a professional technique that bundles transactions and uses "direct evidence", which is a small piece of data information used to determine that the transaction is "real" and has not been changed. The ZK induction for Polygon launches the Ethernet VM virtual machine (EVM), which means that developers can move smart contracts from the Ethernet to the Polygon environment without other problems.
Polygon's zkEVM is scheduled to be released on the server in early 2023.
To bring more people to the Polygon ecosystem, there is also a statement that it will be Binance ecosystem. (BU.S.) Smooth coding is integrated into the contract.
The Starbucks Coffee Henlanda satisfaction Program gives VIP the right to acquire and purchase digital collections on Polygon that are irreplaceable tokens. Instagram is starting to run on Polygon to market new features of NFT on the web.
With regard to the issues that must be concerned about joining the new quarter, Lee feels that the introduction of zkEVM models, NFT market sales on the blockchain and its popular selection may lead to steady growth in Polygon consumers.
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>