The future of Polygon: an overview of the ecosystem's prospects. Part 1 👾

In June 2023, Polygon Labs shared their vision for an updated Polygon 2.0. The blockchain structure is divided into 4 significant layers:

▶️ Staking Layer.
This layer supports an unlimited number of Polygon chains, and each chain can have unique characteristics. This allows multiple validators to provide multiple chains.

▶️ Execution Layer.
Notably, each transaction in Polygon has its own execution layer with available component customization.

▶️ Interop Layer.
This layer enables data exchange within the Polygon ecosystem between chains through Polygon's underlying zkEVM technology.

▶️ Proving Layer.
The proof layer is a flexible protocol that proves all transactions for every chain in Polygon. In turn, it is divided into a single zk-pruver format, a borrowed format from other networks, and a castome format.

#PolygonFuture #PolygonEvolution #Polygon #PolygonEcosystem

1. Polygon's growth metrics surged in Q2, fueled by the launch of its Polygon zkEVM, with increased daily active addresses, total value locked, and NFT sales volume.

2. Daily active addresses on Polygon increased by 256% QoQ, reaching 866,000, coinciding with the launch of zkEVM and indicating heightened community enthusiasm.

3. However, despite this growth, the overall transactions on the Polygon network declined by 18% QoQ, corresponding directly to the launch of zkEVM.

4. Despite the decline in network transactions and fees, Polygon maintained stability in its TVL (Total Value Locked) in the decentralized finance (DeFi) sector, securing its fifth-ranked position with a TVL of $1.09 billion.

$MATIC

1. #PolygonEcosystem

2. #zkEVMAdoption

3. #CryptoGrowth

4. #NFTBoom

5. #DeFiInnovation

🚀 Polygon's Top Performers in the Last 24 Hours! 🌟

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Chain Name Coin Code Price 24h Change
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polygon frax-share #FXS $9.54 +1.39%
polygon vulcan-forged #PYR $5.70 +2.29%
polygon autonolas OLAS $4.17 +2.63%
polygon tangible TNGBL $2.25 +1.93%
polygon msquare-global MSQ $1.92 +2.98%
polygon abachi ABI $1.10 +1.04%
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📈 These coins have shown the highest growth in the last 24 hours! A golden opportunity for those eyeing the crypto market.

#DeFiUnleashed #DeFiMeetsBitcoin #PolygonEcosystem

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