Polygon's zkEVM has come a long way:
β Vitalik called it the only Stage 1 R among other oRs & zkRs
β Users initially complained about gas and bad UX
β But optimizations have slashed gas by huge margins & TVL surged
Here's the current state of Polygon's zkEVM in a thread π§΅
β Vitalik called it the only Stage 1 R among other oRs & zkRs
β Users initially complained about gas and bad UX
β But optimizations have slashed gas by huge margins & TVL surged
Here's the current state of Polygon's zkEVM in a thread π§΅
This is research and alpha
One day zkRs will take over and Iβll be there, π«΅π» will you?
However, youβre here so follow @_SSLocket for alpha and research
And subscribe ππ»
One day zkRs will take over and Iβll be there, π«΅π» will you?
However, youβre here so follow @_SSLocket for alpha and research
And subscribe ππ»
In this thread weβll look at
- how polygon zkEVM functions
- current state of zkEVM
- projects building and future development
- how polygon zkEVM functions
- current state of zkEVM
- projects building and future development
1/ If youβve been following me, youβll know Iβve been following developments in Polygon zkEVM and the boarder zk ecosystem as a whole as I am certainly bullish on polygonβs, scrollβs & Starkβs
Why?
Asides the team and the tech, theyβre building on the future & in future of π«π·
Why?
Asides the team and the tech, theyβre building on the future & in future of π«π·
zk Ξ
2/ Iβve written about itβs tech (functionality) and Iβll summarize it
- Trusted Sequencer, prover: Aggregator and Consensus contract: PolygonZkEVM.sol
The Trusted Sequencer processes and organizes L2 transactions in batches and forwards them to Ethereum.
2/ Iβve written about itβs tech (functionality) and Iβll summarize it
- Trusted Sequencer, prover: Aggregator and Consensus contract: PolygonZkEVM.sol
The Trusted Sequencer processes and organizes L2 transactions in batches and forwards them to Ethereum.
2/ Trusted Aggregator: home to zkProver. Generates ZK-proofs for transaction batches, verified by PolygonZkEVM.sol on Ξ
Consensus contract PolygonZkEVM.sol deployed on L1 stores Sequencer batch data and verifies Aggregator's ZK-proofs.
Now you understand itβs components
Consensus contract PolygonZkEVM.sol deployed on L1 stores Sequencer batch data and verifies Aggregator's ZK-proofs.
Now you understand itβs components
3/ Current State of the chain
This TVL movement happened in days; why? How?
Definitely gas and rumors
What rumors?
Ser Sandeep made a statement so farmers moved in
Gas was reduced thanks to good optimizations and Quick perp and other protocols came knocking, rest is history
This TVL movement happened in days; why? How?
Definitely gas and rumors
What rumors?
Ser Sandeep made a statement so farmers moved in
Gas was reduced thanks to good optimizations and Quick perp and other protocols came knocking, rest is history
4/ Itβs a humble growth we not rushing
Slow and steady wins the race
From a high gas to this, I thinks we are ready to brace up for a better zk future
And more improvements are coming like Sandeep hinted: more oracle improvements- Chainlink.
See the gas now ππ»
Slow and steady wins the race
From a high gas to this, I thinks we are ready to brace up for a better zk future
And more improvements are coming like Sandeep hinted: more oracle improvements- Chainlink.
See the gas now ππ»
5/ Expect a ~20% gas fee reduction at these levels per Polygon Labs report
Lower gas, more protocol deployment, more users, more more TVL, more rewards
No brainer
Like I said earlier, slow and steady wins the race
Lower gas, more protocol deployment, more users, more more TVL, more rewards
No brainer
Like I said earlier, slow and steady wins the race
6/ We all know being early is how WAGMI in crypto
In this early days of polygon zkEVM youβre definitely early
Use onchain data sources to find out whatβs going on there, early protocols to dive in etc
The average stats of Polygon zkEVM
In this early days of polygon zkEVM youβre definitely early
Use onchain data sources to find out whatβs going on there, early protocols to dive in etc
The average stats of Polygon zkEVM
7/ QuickSwap, polygon og Defi profocol recently released Quick perps thatβs live on Polygon zkEVM
With 50x leverage traders should be satisfied π€
S/o to @API3DAO for gudd oracle system to support this
With 50x leverage traders should be satisfied π€
S/o to @API3DAO for gudd oracle system to support this
8/ Also GAMMA isnβt left out
Quick integrated with them so farmers can farm more
π©βπΎπ©βπΎπ©βπΎ
Quick integrated with them so farmers can farm more
π©βπΎπ©βπΎπ©βπΎ
9/ FRAX pools on Polygon zkEVM thanks to DoveSwap
@fraxfinance enjoyooors will like this one
Also, no tokens for DoveSwap yet, maybe airdrop soon ππ
@fraxfinance enjoyooors will like this one
Also, no tokens for DoveSwap yet, maybe airdrop soon ππ
10/ I thinks this will do
Scope of top protocols live
Scope of top protocols live
11/ All of these ππ» wouldn't be possible without these champs ππ»
12/ Youβre early, Youβre early.
Donβt fade known, reputable builders
I witnessed what they did in 20-21; although arb is top atm
zk szn will come and take over soooonnnn
Quick bd needs a raise btw, luv this vid @QuickswapDEX
Donβt fade known, reputable builders
I witnessed what they did in 20-21; although arb is top atm
zk szn will come and take over soooonnnn
Quick bd needs a raise btw, luv this vid @QuickswapDEX
If you enjoyed this thread
And yes you did
Gib rt and like for a broader audience
And yes you did
Gib rt and like for a broader audience
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