What Polygon's zkEVM mainnet launch means for MATIC holders
- Polygon network’s zkEVM scalability solution will offer developers full Ethereum compatibility powering web3 applications on ETH.
- Web3 projects like Ankr, Chainstack and Etherscan will harness zero-knowledge rollups compatible with Ethereum, through MATIC’s zkEVM.
- MATIC has witnessed a massive surge in on-chain activity ahead of the mainnet beta launch of zkEVM.
Ethereum network’s largest scaling solution Polygon is launching its zkEVM mainnet beta in a few hours on March 27. MATIC’s zkEVM launch is key to developers in the web3 ecosystem as it boosts scalability and ensures compatibility with the Ethereum Virtual Machine (EVM).
Also read: Ethereum (ETH) battles consolidation with upcoming Shanghai upgrade
MATIC zkEVM beta launch goes live within a few hours
MATIC, the native token of Ethereum’s scaling solution Polygon is set to rollout the mainnet beta of its zero-knowledge Ethereum Virtual Machine (EVM) compatible zkEVM beta. Polygon network acknowledges the utility of the zkEVM beta launch for developers of web3 applications.
The [ infinite-scaling ] Machine
— Polygon (labs) (@0xPolygonLabs) March 17, 2023
Polygon Labs is embarking on a journey with Web3 leaders that will change the internet FOREVER with the anticipated mainnet beta launch of Polygon zkEVM
Take a look at the solution providers that are #PolygonzkEVM bound:https://t.co/N0SPtg7k91
MATIC zkEVM has lined up web3 partners API3, ankr, Biconomy, Etherscan and Sequence among others.
Polygon network activity climbed ahead of zkEVM mainnet beta launch
MATIC accumulation by whales is on the rise with Polygon network’s upcoming launch. Large wallet investors in Polygon have scooped up the altcoin over the past two weeks as seen in the chart by Santiment.
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MATIC accumulation by whales
MATIC holders with 1,000 to 10,000 coins and 1 million to 10 million tokens have been steadily accumulating the altcoin since February 25. Santiment analysts recently noted that whales have increased their activity and transactions on the Polygon network, ahead of mainnet beta launch.
Author
Ekta Mourya
FXStreet
Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.
