Polygon Bridge Sets Record with $80 Million in Transactions
The Polygon Bridge, which connects the Ethereum blockchain to the Polygon sidechain, has achieved a significant milestone by recording nearly $80 million in transactions within the past 24 hours. This high volume demonstrates the effectiveness and efficiency of the bridge in meeting the needs of the community.
Increasing Demand for Alternatives to Ethereum
The surge in transactions on Polygon’s PoS bridge reflects a growing trend of users seeking faster and cheaper alternatives to Ethereum. With soaring gas fees on Ethereum, many are turning to Polygon’s layer 2 solutions for relief. The network’s low fees, scalability, and speed make it an attractive choice for both users and decentralized applications (dApps).
Polygon Upgrades with Etrog Update
Polygon has recently implemented the Etrog upgrade to its zkEVM (Zero-Knowledge Ethereum Virtual Machine). This update introduces four new precompiled smart contracts, a significant step towards achieving full Type 2 ZK-EVM functionality. The Etrog upgrade enhances scalability, security, and user-friendliness for dApps and smart contracts on the Polygon network.
Althea Burnett stands as a luminary seamlessly blending the roles of crypto analyst, relentless researcher, and editorial virtuoso into an intricate tapestry of insight. Amidst the dynamic realm of digital currencies, Althea’s insights resonate like finely tuned notes, reaching minds across diverse horizons. Her ability to decipher intricate threads of crypto intricacies harmonizes seamlessly with her editorial finesse, transforming complexity into an eloquent symphony of understanding.