2024

Polygon

zkSync

Daily

<ul>
 <li>The hike in Polygon’s network activity caused a spike in zkEVM’s daily gas usage.&nbsp;</li>
 <li style="font-weight: 400;">zkEVM’s network stats remained lower than zkSync Era, despite recent upticks.&nbsp;</li>
</ul>
The last month of 2023 was absolute bliss for <a href="https://ambcrypto.com/search/polygon" data-wpel-link="internal" rel="noopener noreferrer nofollow">Polygon [MATIC]</a> zkEVM, as its network activity skyrocketed. The hike in network activity indicated a massive surge in adoption and usage. 
Since we have entered a new year, let’s take a closer look at zkEVM’s network stats to see whether the same trend will continue in January 2024.
<h4>Of Polygon zkEVM’s performance in December</h4>
In a tweet dated the 3rd of January, Today In Polygon, a popular X (formerly Twitter) handle noted that <a href="https://ambcrypto.com/polygon-zkevm-sees-a-dramatic-rise-in-dex-volumes-why/" data-wpel-link="internal" rel="noopener noreferrer nofollow">zkEVM</a>’s daily active addresses surged by more than 200% in December. 
Also, its number of daily transactions spiked by over 130% in the last 30 days.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 NEW:
 Over the last 30 days, Polygon zkEVM daily active addresses have increased 202% and daily transactions have increased 134%. <a href="https://t.co/qqEhuxWYGq" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/qqEhuxWYGq</a>
 — Today In Polygon (@TodayInPolygon) <a href="https://twitter.com/TodayInPolygon/status/1742357851345916314?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">January 3, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Thanks to that uptick, the rollup’s gas usage increased. This was evident from AMBCrypto’s analysis of Polygonscan’s data, which showed a rise in zkEVM’s daily average gas used chart.
<div id="attachment_361826" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Polygonscan.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-361826" decoding="async" class="wp-image-361826 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Polygonscan.png" alt="" width="1107" height="607" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Polygonscan.png 1107w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Polygonscan-300x164.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Polygonscan-1024x561.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Polygonscan-768x421.png 768w" sizes="(max-width: 1107px) 100vw, 1107px"></a>
 Source: Polygonscan
</div>
<h4>What about 2024?</h4>
Things for 2024 also look quite optimistic. Notably, AMBCrypto’s examined Artemis’ <a href="https://app.artemis.xyz/chains" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">data</a>, which revealed that zkEVM managed to maintain its growth in terms of its Daily Active Addresses. 
A similar trend was also noted on its Daily Transactions chart. 
However, the rollup’s TVL dropped sharply after registering a spike on the 28th of December, which was concerning. 
Dropping TVL usually indicates a shift in the demand for specific DeFi services or in the popularity of specific DeFi protocols.
<div id="attachment_361828" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Artemis-zkEVM.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-361828" decoding="async" class="wp-image-361828 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Artemis-zkEVM.png" alt="" width="1542" height="632" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Artemis-zkEVM.png 1542w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Artemis-zkEVM-300x123.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Artemis-zkEVM-1024x420.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Artemis-zkEVM-768x315.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Artemis-zkEVM-1536x630.png 1536w" sizes="(max-width: 1542px) 100vw, 1542px"></a>
 Source: Artemis
</div>
<h4>Polygon zkEVM vs. zkSync Era</h4>
Since we are assessing <a href="https://ambcrypto.com/polygon-zkevm-of-rising-adoption-and-matics-reaction/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">zkEVM</a>’s performance, it’s crucial to take a look at its top competitor, zkSync Era. AMBCrypto’s analysis of Artemis’ <a href="https://app.artemis.xyz/chains" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">data</a> revealed that despite zkEVM registering growth on multiple fronts, it was still behind zkSync. 
Both zkEVM’s Daily Active Addresses and Daily Transactions were low compared to those of its competitor. 
However, the good news was that zkEVM’s revenue was close to that of zkSync, and considering the growth rate, it will be interesting to see whether zkEVM manages to outshine zkSync.
<div id="attachment_361829" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Artemis-zkEVM-1.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-361829" decoding="async" class="wp-image-361829 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Artemis-zkEVM-1.png" alt="" width="737" height="632" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Artemis-zkEVM-1.png 737w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Artemis-zkEVM-1-300x257.png 300w" sizes="(max-width: 737px) 100vw, 737px"></a>
 Source: Artemis
</div>
Is your portfolio green? Check out the <a href="https://ambcrypto.com/calculator/matic-network-profit-calculator" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">MATIC Profit Calculator</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<h4>MATIC remains bearish</h4>
While Polygon zkEVM managed to maintain a growth rate on certain fronts, MATIC, on the other hand, felt the wrath of the bears. According to <a href="https://coinmarketcap.com/currencies/polygon/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">CoinMarketCap</a>, in the last 24 hours, MATIC was down by more than 2%. 
The token’s trading volume also witnessed an increase while its price dropped, which legitimized the downtrend. At the time of writing, <a href="https://ambcrypto.com/polygon-price-rises-by-9-in-7-days-what-its-2024-prediction-holds/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">MATIC</a> was trading at $0.9859, with a market capitalization of over $9.4 billion.

Can Polygon zkEVM replicate 2023’s success in 2024?

AMBCrypto

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