Polygon’s zkEVM registered an uptick in terms of total value locked. However, MATIC's price action was concerning; it went down by 2% over the last week.
Polygon’s tweet also revealed that 90% of wallet addresses use other L2s, and less than 15% of those wallets are new.Though the graph has remained pretty consistent for several months, it registered a decline of over 3% in the last 24 hours.Well, not only did the blockchain’s TVL decline, but Token Terminal’s data pointed out fall on a few other fronts as well.
As evident from the chart, Polygon’s fees and revenue went up at the end of April. However, the uptrend was short-lived, as the second month of Q2 2023 saw a decline.While Polygon’s TVL plateaued over the past months, zkEVM, on the other hand, behaved differently. DeFiLlama’s chart revealed that since its inception, zkEVM’s TVL has increased considerably.Though zkEVM’s TVL went up, the same was not true for its key statistics.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana’s latest surge can kickoff a bullish wave — will SOL get up to speed?Solana's overall activity surged over the last 24 hours. The protocol also witnessed improvements in the DeFi space as stablecoin growth increases.
Read more »
![How Curve Finance [CRV] fixed its error, redeployed crvUSD stablecoin on Ethereum](https://i.headtopics.com/images/2023/5/6/cryptoamb/how-curve-finance-crv-fixed-its-error-redeployed-c-how-curve-finance-crv-fixed-its-error-redeployed-c-1654720901315739650.webp?w=640)
How Curve Finance [CRV] fixed its error, redeployed crvUSD stablecoin on EthereumThe DeFi protocol resolved its oversight of a flaw, finally launching the crvUSD stablecoin on the Ethereum Mainnet.
Read more »
![Polkadot [DOT] remains bearish – can bulls force a pullback](https://i.headtopics.com/images/2023/5/5/cryptoamb/polkadot-dot-remains-bearish-can-bulls-force-a-pul-polkadot-dot-remains-bearish-can-bulls-force-a-pul-1654540212226121730.webp?w=640)
Polkadot [DOT] remains bearish – can bulls force a pullbackDOT has been on a downward spiral recently. However, a price reversal looks likely with bulls attempting a recovery of its YTD high.
Read more »
![Polygon [MATIC] steps up its game in terms of partnerships, but investors have reasons to worry](https://i.headtopics.com/images/2023/5/6/cryptoamb/polygon-matic-steps-up-its-game-in-terms-of-partne-polygon-matic-steps-up-its-game-in-terms-of-partne-1654630302633844736.webp?w=640)
Polygon [MATIC] steps up its game in terms of partnerships, but investors have reasons to worryThe last seven days were pretty eventful for Polygon, as pointed out by its co-founder. However, MATIC did not respond positively.
Read more »
Condo Smarts: Can a strata refund an operating budget surplus to owners?Technically a strata corporation does not refund a surplus to owners; however, it may carry the surplus over to the next fiscal year essentially reducing strata fees for the next year.
Read more »
Polygon wallets: A sign of how declining network TVL impacts more than we see?The number of Polygon Wallets on the Polygon network begin to decline. Polygon's performance in the DeFi sector wanes due to the underperformance of DEXs.
Read more »