Polygon zkEVM Unveils Significant Upgrade: Here's the Transformation You Need to Know

The New Upgrade for Polygon zkEVM

Polygon zkEVM has announced a new upgrade that will bring significant changes to the smart contract platform. This upgrade will make Polygon zkEVM more closely aligned with the Ethereum mainnet, allowing developers to deploy their codes on Polygon zkEVM without any additional modifications.

By becoming a Type 2 ZK-EVM, Polygon zkEVM aims to simplify the development process and make it easier for developers to work on both platforms. The upgrade also includes a 10-day timelock for the Etrog Upgrade, which will further enhance the capabilities of Polygon zkEVM.

The Etrog Upgrade and its Features

The Etrog upgrade introduces five additional pre-compiled smart contracts and new transaction batch processing methods. These additions enable existing dApps that rely on these pre-compiles to deploy on the network without any changes.

Once the upgrade is live, end users will not need to make any adjustments as all functions on the Polygon zkEVM protocol will continue to operate normally.

Polygon’s Journey in Dominating L2

Polygon is actively competing with other Layer-2 solutions such as Arbitrum, Optimism, and zkSync to establish dominance in the Ethereum ecosystem. With releases like Polygon zkEVM and Polygon CDK tools, Polygon is gaining traction and attracting partnerships with prominent players like OKX and Flipkart.

Furthermore, Polygon’s efforts to attract enterprise firms like Starbucks and Adidas for launching digital collectibles on its chain are contributing to its growing popularity. The upcoming upgrade is expected to enhance functionality and usability across the board, solidifying Polygon’s position in the market.

Hot Take: MATIC Price Responds Positively

The news of the Polygon zkEVM upgrade has had a positive impact on the price of MATIC, the native token of the Polygon ecosystem. MATIC has experienced a 3.55% increase, reaching $0.7845, after a week of downward movement. This price surge reflects the market’s optimism and confidence in Polygon’s future prospects.