As the crypto market continues its upward trajectory, spurred on by the introduction of
numerous institutional Bitcoin ETFs, Polygon has not been idle. It has been making
considerable progress, rolling out new updates, forging exciting partnerships, and
consistently delivering impressive metrics. This report aims to delve into the recent
developments within the expansive Polygon ecosystem, focusing on the significant
advancements with its zkEVM, and the consistent growth in daily active users and
transaction count. We have endeavored to provide a comprehensive overview, but there
may be areas we've overlooked - for more detailed information, we recommend visiting
Polygon’s Twitter and their active blog. We appreciate your time and interest in reading this
report. Let's hop in.
June has been a momentous month for Polygon.
The eagerly anticipated Polygon 2.0 announcements have created a buzz in the crypto
community, and the launch of Polygon PoS -> ZK L2 has improved the consensus
mechanism across the main network, propelling Polygon's ecosystem forward.
In our previous report, we mentioned the launch of the zkEVM testnet by Polygon, which has
drawn major partners such as Meta. This partnership will allow Instagram users to mint,
display, and sell digital collections powered by non-fungible tokens (NFTs) on Polygon,
providing creators with a novel way to interact with and monetize their fan communities. The
zkEVM is set to broaden the scope of on-chain trade execution and settlement by
incorporating third-party applications, assets, and processes in its future phases.
Furthermore, the selection of an Institutional DeFi Ecosystem Project on Polygon by the
Bank of Italy’s Innovation Center is noteworthy and a huge step up for Polygon and crypto
more broadly. This project, along with the introduction of Polygon ID’s Release 4, will serve
as a hub for digital collectibles, decentralized communities, and gaming-focused tooling,
including an NFT marketplace.
For the full 13-page report, click here.
numerous institutional Bitcoin ETFs, Polygon has not been idle. It has been making
considerable progress, rolling out new updates, forging exciting partnerships, and
consistently delivering impressive metrics. This report aims to delve into the recent
developments within the expansive Polygon ecosystem, focusing on the significant
advancements with its zkEVM, and the consistent growth in daily active users and
transaction count. We have endeavored to provide a comprehensive overview, but there
may be areas we've overlooked - for more detailed information, we recommend visiting
Polygon’s Twitter and their active blog. We appreciate your time and interest in reading this
report. Let's hop in.
June has been a momentous month for Polygon.
The eagerly anticipated Polygon 2.0 announcements have created a buzz in the crypto
community, and the launch of Polygon PoS -> ZK L2 has improved the consensus
mechanism across the main network, propelling Polygon's ecosystem forward.
In our previous report, we mentioned the launch of the zkEVM testnet by Polygon, which has
drawn major partners such as Meta. This partnership will allow Instagram users to mint,
display, and sell digital collections powered by non-fungible tokens (NFTs) on Polygon,
providing creators with a novel way to interact with and monetize their fan communities. The
zkEVM is set to broaden the scope of on-chain trade execution and settlement by
incorporating third-party applications, assets, and processes in its future phases.
Furthermore, the selection of an Institutional DeFi Ecosystem Project on Polygon by the
Bank of Italy’s Innovation Center is noteworthy and a huge step up for Polygon and crypto
more broadly. This project, along with the introduction of Polygon ID’s Release 4, will serve
as a hub for digital collectibles, decentralized communities, and gaming-focused tooling,
including an NFT marketplace.
For the full 13-page report, click here.