Polygon (MATIC) is about to usher in a new era for its ecosystem as a layer 2 protocol and proposes the long-awaited zkEVM feature.
The protocol recently announced that the feature, which is a beta version of the mainnet, will launch on March 27 and has directed community interest towards the future of the protocol, its native token, and Ethereum. .
zkDay 2.0
March 27✨ Roll out polygons #zkEVM Mainnet Beta ✨
The journey to the frontier of Web3 will take Ethereum further than ever before ️
Special guest ➡️@VitalikButerin ️
& we are teaming up w/ @ETHGlobal (more on this later) pic.twitter.com/icYOTzLlzm
— Polygon Labs (@0xPolygon) March 16, 2023
Polygon zkEVM is the first Ethereum Virtual Machine-compatible zero-knowledge scaling solution for integrating smart contracts and developer tools.
Polygon is already faster and more scalable than Ethereum as a layer 2 protocol; however, the rollout of zkEVM features will definitely make it even more scalable.
The launch of the zkEVM engine is a major milestone that will undoubtedly propel Polygon ahead of the race to be the top Layer 2 protocol on the Ethereum blockchain.
From Optimism to Arbitrum, and more recently Coinbase to Shibarium and Base, Polygon will now be the first L2 to launch a zkEVM engine in the crypto ecosystem. Ahead of the launch of the new tool, Polygon said they are working with ETH Global, and Ethereum co-founder Vitalik Buterin will be their special guest on launch day.
It’s hard to imagine a Polygon future without MATIC. As a native token designed to power the layer 2 network, any metrics adopted by Polygon will be reflected in the price growth of MATIC. With the confirmed release date of zkEVM mainner beta, MATIC has achieved positive price performance.
At the time of writing, the token is trading at $1.20, up 5% in 24 hours and more than 14% over the past two days. Given the current hype from community members, MATIC may set a higher price in the short term.
Source: TradingView
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