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

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    PENGU token loses 20% in August amid Pudgy Party game launch

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    Base claims top 3 spot in 30-day NFT volume: DappRadar

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    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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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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    Enhancing Security in Online Gambling with Blockchain Technology

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

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

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    PENGU token loses 20% in August amid Pudgy Party game launch

    PENGU token loses 20% in August amid Pudgy Party game launch

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

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    What’s Behind the Double-Digit Declines?

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    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

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    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

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    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

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    Climb the SCOR Invitational Leaderboard and Earn Bigger $SCOR Airdrops

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    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

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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

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

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  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

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    UAE emirate launches new free zone for digital assets, Web3 and AI

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    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

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    What is Cloud Mining? A Beginner’s Guide

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    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

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    What Is Crypto Arbitrage and How to Use It in Trading?

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  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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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  Will Polygon zkEVM's latest update help network activity? 

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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