• Polygon [MATIC] revealed updated statistics about its anticipated zkEVM, which nearly reached 300,000 transactions.
• Whale interest in MATIC increased due to decreasing exchange reserve and high demand from the futures market.
• The total number of wallets, contracts, and zk-proofs also went up.
Polygon’s zkEVM Milestone
Polygon [MATIC] revealed updated statistics about its anticipated zkEVM testnet, which nearly reached 300,000 transactions. This was a milestone for the future of scaling Ethereum [ETH], and a testament to the maturity of Polygon #zkEVM.
Whale Interest in MATIC
WhaleStats pointed out that whales seemed confident in MATIC as it ranked third on the list of cryptos being held by top 500 Ethereum whales. CryptoQuant’s data also revealed that MATIC’s exchange reserve was decreasing and total number of active wallets trading the token also went up. Santiment’s chart showed that MATIC’s DyDx funding rate remained relatively high over the past week, indicating high demand from the futures market. The token’s total supply held by top addresses also went up slightly, showing investors‘ confidence in MATIC. However, MATIC’s development activity decreased over the last few days.
Other Market Indicators
Market indicators looked bullish with Polygon ZK tweeting that other BIG NEWS is coming soon and sharing metrics for last week showing continued momentum 📈 To track investor profits related to POLYGON (MATIC), one can check out Polygon Profit Calculator.
Conclusion
With Polygon’s zkEVM testnet nearly reaching 300,000 transactions and whale interest increasing in MATIC due to various positive market indicators like decreasing exchange reserve and high demand from futures markets, investors may be optimistic about POLYGON (MATIC). It remains to be seen what happens next with this cryptocurrency as more news is expected soon!