In a report published by Messari, Polygon ($MATIC), a collection of Ethereum-based scaling solutions, disclosed significant information and recent advancements in its ecosystem for the second quarter of 2023. The launch of Polygon 2.0, a network of Layer-2 blockchains with minimal knowledge, by Polygon Labs was one of the major highlights. This new initiative seeks to establish the “Value Layer of the Internet,” bringing about significant changes to governance, tokenomics, and protocol design.
A Zero-Knowledge (ZK) Layer-2 rollup system for Ethereum called Polygon zkEVM demonstrated continuous growth, reaching 200,000 unique addresses by the end of Q2. Collaborations and synergies with numerous participants in the business helped to make this significant accomplishment possible.
The inclusion of MATIC in the SEC’s allegations against Binance and Coinbase was a significant part of the report. The document, however, emphasises that the basics of Polygon’s network were untouched by this information.
In addition, the report says Polygon has increased its collaborations with illustrious legacy businesses and organisations like Franklin Templeton, Securitize, Mastercard, and Warner Music Group. The new partners join those that have already joined, such as Adobe, Adidas, Disney, Meta, Nike, Reddit, Robinhood, and Starbucks.
The Polygon zkEVM Mainnet Beta, which will go live on March 27, 2023, and which aims to enable safe, rapid, and affordable transactions, is another significant step. Also covered in the report are details on Polygon Miden, a ZK Layer-2 rollup protocol created for Ethereum that makes use of a Rust-written Miden Virtual Machine (MVM). The Polygon Supernets testnet is a scaling solution for Polygon PoS that focuses on app chains. Last but not least, Polygon ID, a Web3 user identification service that protects privacy, uses ZK-proofs to secretly validate user credentials.
- The platform’s continued dedication to innovation, teamwork, and growth is highlighted by Polygon’s Q2 report. These actions elevate Polygon to the top of the blockchain sector and solidify its position as a key supplier of scaling solutions for the Ethereum blockchain.