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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

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    how NFTs became a global brand and a Web3 “social currency”

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    Labubus have succeeded in every way that NFTs have failed

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    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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    Early Off the Grid Skin Holders Are Cashing In – Will You?

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

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  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    ETH Daddy Discusses Ethereum and AI

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Home Altcoins

Polygon zkEVM crosses this milestone: How did MATIC react?

November 6, 2023
in Altcoins
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Polygon zkEVM crosses this milestone: How did MATIC react?
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  • The Polygon zkEVM recently reached 7 million total transactions.
  • MATIC was on a three-day consecutive uptrend as it traded around $0.6.

On 4 November, Mihailo Bjelic, one of the co-founders of Polygon [MATIC], announced the zkEVM’s transaction milestone of 7 million. This represented a significant milestone for the network, especially as it is preparing for the next version.

7M transactions; every single one proven by the most advanced zk tech in the industry and verified on Ethereum.

Beautiful. 😍 Now let’s ramp it up. 🔥 https://t.co/WD8B1oRKGq

— Mihailo Bjelic (@MihailoBjelic) November 4, 2023


Is your portfolio green? Check out the MATIC Profit Calculator

READ ALSO

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Polygon zkEVM hits 7 million transactions

AMBCrypto’s analysis of the Polygon zkEVM scanner revealed a recent increase in daily transactions. It showed that the press time daily transaction volume reached levels not observed in over two months.

At the time of this update, the daily transaction count was over 64,000. Also, as of this writing, the number of transactions had crossed 7 million.

Polygon zkEVM daily transactions

Source: zkEVM Polygonscan

Polygon zkEVM TVL continues to rise

An analysis of the Total Value Locked (TVL) on the Polygon zkEVM has indicated a noticeable increase. At the time of this report, the TVL was over $73 million. This marked an impressive growth of more than 11%, as per data sourced from L2 Beats.

It is important to note that the TVL accounted for less than 1% of the overall market share of Layer 2.

See also  Optimism Soars By 17% Despite Recent Security Revelations.

In contrast, the TVL on the mainnet has not exhibited a similar upward trend. AMBCrypto’s examination of TVL data from DefiLlama indicated that it had remained relatively stable. As of the latest available data, the TVL on the mainnet was around $780 million.

An auto-MATIC trend

Even as the conversion to POL was in progress, MATIC remained actively traded at the time of publication. AMBCrypto’s analysis of the daily timeframe chart revealed that MATIC had seen a notable upward price movement over the past few days.

At the time of this update, it was trading at around $0.6, reflecting a modest profit of less than 1%. 

MATIC/USD price trend

Source: TradingView


Realistic or not, here’s MATIC’s market cap in BTC’s terms


This uptrend marked the third consecutive day of positive price movement. Also, it is noteworthy to mention that these consecutive uptrends were pushing the asset toward the overbought zone at the time of writing.

The Relative Strength Index (RSI) line was on the verge of crossing above 70, indicating potential overbought conditions. Additionally, the Moving Average Convergence Divergence (MACD) was trending above the zero line. 

Tags: crossesMATICMilestonePolygonReactzkEVM

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