In the last 24 hours, it recorded the highest bridge volume, nearing $80 million in transactions.
This significant achievement not only highlights the growing popularity of the Polygon network. Also, the Polygon Bridge underscores the increasing trust and reliance users place on its infrastructure for secure, efficient asset transfers.
Polygon Bridge Hits $80M in Transactions
This bridge serves as a critical conduit between the Ethereum blockchain and the Polygon sidechain. The bridge’s high transaction volume is a testament to its effectiveness and efficiency in meeting the needs of the community.
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Over the last 24 hours, the Polygon PoS bridge has recorded the highest volume throughout all bridges with nearly $80M. pic.twitter.com/lbhCBW7Z0N
— Today In Polygon (@TodayInPolygon) February 14, 2024
The transaction spike on Polygon’s PoS bridge reflects a trend towards faster, cheaper alternatives to Ethereum. As gas fees on Ethereum have soared, many have turned to Polygon’s layer 2 solutions for relief. Low fees, scalability, and speed make the network appealing for users and dApps alike.
More About Polygon
The latest upgrade to Polygon zkEVM, known as the Etrog upgrade, is now live. This update adds four precompiled smart contracts, a big step towards full Type 2 ZK-EVM.
Following the 10-day timelock, the latest upgrade to Polygon zkEVM is now live on mainnet. The Etrog upgrade brings support for four additional precompiled smart contracts—a major step towards becoming a full Type 2 ZK-EVM.
End users don’t need to take any action—everything will… pic.twitter.com/qeMvECS5as
— Polygon Foundation (@0xPolygonFdn) February 13, 2024
The Etrog upgrade boosts Polygon zkEVM’s functionality, making it more scalable, secure, and user-friendly for dApps and smart contracts. This advancement is key in the Ethereum ecosystem’s evolution, offering new opportunities for developers and users.
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