Ethereum

2024

Foundation

Polygon

<h4><strong>In the last 24 hours, it recorded the highest bridge volume, nearing $80 million in transactions.</strong></h4>
<p>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.</p>
<h5><strong>Polygon Bridge Hits $80M in Transactions</strong></h5>
<p>This <a href="https://portal.polygon.technology/" target="_blank" rel="noopener noreferrer nofollow">bridge</a> 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.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">NEW:</p>
 <p>Over the last 24 hours, the Polygon PoS bridge has recorded the highest volume throughout all bridges with nearly $80M. <a href="https://t.co/lbhCBW7Z0N" rel="noopener noreferrer nofollow">pic.twitter.com/lbhCBW7Z0N</a></p>
 <p>— Today In Polygon (@TodayInPolygon) <a href="https://twitter.com/TodayInPolygon/status/1757566824554672135?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 14, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The transaction spike on Polygon’s PoS bridge reflects a trend towards faster, cheaper alternatives to Ethereum. As gas fees on <a href="https://www.altcoinbuzz.io/?s=ethereum" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> 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.</p>
<h5><strong>More About Polygon&nbsp;</strong></h5>
<p>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.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">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.</p>
 <p>End users don’t need to take any action—everything will… <a href="https://t.co/qeMvECS5as" rel="noopener noreferrer nofollow">pic.twitter.com/qeMvECS5as</a></p>
 <p>— Polygon Foundation (@0xPolygonFdn) <a href="https://twitter.com/0xPolygonFdn/status/1757468789954711824?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 13, 2024</a></p>
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<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The Etrog upgrade boosts Polygon zkEVM’s functionality, making it more scalable, secure, and user-friendly for <a href="https://www.altcoinbuzz.io/?s=dapps" target="_blank" rel="noopener noreferrer nofollow">dApps</a> and smart contracts. This advancement is key in the Ethereum ecosystem’s evolution, offering new opportunities for developers and users.</p>
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<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/polygon-pos-bridge-leads-with-record-80m-volume/" rel="noopener noreferrer nofollow">Polygon PoS Bridge Leads with Record $80M Volume</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Polygon PoS Bridge Leads with Record $80M Volume

Altcoin Buzz

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