News

Polygon zkEVM Prints ATH in Transaction Volume in Key Performance Highlight

Polygon zkEVM, a high-performance scaling solution on the Ethereum network, has achieved a new milestone in terms of transaction volume
Published by
Polygon zkEVM Prints ATH in Transaction Volume in Key Performance Highlight

Polygon zkEVM, a high-performance scaling solution on the Ethereum network, has achieved a new milestone in terms of growth and transaction volume. According to data, the Polygon zkEVM has set a new all-time high (ATH) in transaction volume, indicating the platform’s growing popularity and adoption amongst users.

As revealed by the platform, it saw a 70% increase in Total Value Locked (TVL) recorded its week-over-week jump since its inception. Additionally, with over 130,000 transactions, it marked a record for successful transactions on a single day. Expectedly, during this period, the gas fee went down as more transactions would mean users get to share the cost of posting call data.

Advertisement

Polygon is Contending to be Best L2 Network

Recall that last month marked a very significant month for the Ethereum-based layer-2 network as it shared the performance metrics for its zkEVM protocol. According to the platform zkEVM protocol stayed elevated for the month of April with a more than 300% growth rate.

Polygon was built to help in scaling Ethereum and since its inception, it has played this role and has received a lot of recognition from the industry. While Polygon is adjudged to be a cheaper protocol compared to its underlying Layer-1, the zkEVM is designed to be a much more enhanced version of the protocol.

The Polygon zkEVM uses zero-knowledge proofs (zk-proofs) to enhance the privacy and security of transactions. However, this technology allows users to prove the validity of transactions without revealing sensitive information such as the amount or the parties involved which makes the platform ideal for financial applications that require a high level of privacy and security.

Notably, the Polygon zkEVM offers low transaction fees and fast confirmation times. This is achieved via its use of Layer-2 scaling solutions which help to reduce the load on the main Ethereum (ETH) network and improve the speed of transactions. 

Interestingly, the recent ATH in transaction volume on the Polygon zkEVM platform is a testament to its growing popularity among users. Likewise, the platform has seen a surge in usage due to its fast and cheap transactions, compatibility with ETH, and advanced privacy and security features.

With the surge in popularity of Decentralized Finance (DeFi) and the increasing demand for fast and cheap transactions, it is likely that the Polygon network will continue to see significant growth in the future.

Advertisement

Share
Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?

Bitcoin traders are turning their attention to this week’s Federal Open Market Committee (FOMC) meeting.…

October 26, 2025
  • News

White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC

White House crypto czar David Sacks has shown his support for Donald Trump's nomination of…

October 25, 2025
  • News

Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role

Crypto firm Ripple has revealed that it is exploring new ways to use XRP within…

October 25, 2025
  • News

Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms

Kyrgyzstan has made a significant move in the adoption of digital finance. It has now…

October 25, 2025
  • News

Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing

Ripple-backed Evernorth's XRP treasury has grown to $1 billion just days after the company announced…

October 25, 2025
  • News

Trump Tariff Tensions Ease as U.S. and China Hold Positive Trade Talks Ahead of Oct 30 Summit

In fresh developments, the United States and China’s trade teams have commenced negotiations on the…

October 25, 2025