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Polygon's zkEVM has come a long way:
∙ Vitalik called it the only Stage 1 R among other oRs & zkRs
∙ Users initially complained about gas and bad UX
∙ But optimizations have slashed gas by huge margins & TVL surged
Here's the current state of Polygon's zkEVM in a thread 🧵
∙ Vitalik called it the only Stage 1 R among other oRs & zkRs
∙ Users initially complained about gas and bad UX
∙ But optimizations have slashed gas by huge margins & TVL surged
Here's the current state of Polygon's zkEVM in a thread 🧵
This is research and alpha
One day zkRs will take over and I’ll be there, 🫵🏻 will you?
However, you’re here so follow @_SSLocket for alpha and research
And subscribe 👇🏻
One day zkRs will take over and I’ll be there, 🫵🏻 will you?
However, you’re here so follow @_SSLocket for alpha and research
And subscribe 👇🏻
In this thread we’ll look at
- how polygon zkEVM functions
- current state of zkEVM
- projects building and future development
- how polygon zkEVM functions
- current state of zkEVM
- projects building and future development
1/ If you’ve been following me, you’ll know I’ve been following developments in Polygon zkEVM and the boarder zk ecosystem as a whole as I am certainly bullish on polygon’s, scroll’s & Stark’s
Why?
Asides the team and the tech, they’re building on the future & in future of 🇫🇷
Why?
Asides the team and the tech, they’re building on the future & in future of 🇫🇷
zk Ξ
2/ I’ve written about it’s tech (functionality) and I’ll summarize it
- Trusted Sequencer, prover: Aggregator and Consensus contract: PolygonZkEVM.sol
The Trusted Sequencer processes and organizes L2 transactions in batches and forwards them to Ethereum.
2/ I’ve written about it’s tech (functionality) and I’ll summarize it
- Trusted Sequencer, prover: Aggregator and Consensus contract: PolygonZkEVM.sol
The Trusted Sequencer processes and organizes L2 transactions in batches and forwards them to Ethereum.
2/ Trusted Aggregator: home to zkProver. Generates ZK-proofs for transaction batches, verified by PolygonZkEVM.sol on Ξ
Consensus contract PolygonZkEVM.sol deployed on L1 stores Sequencer batch data and verifies Aggregator's ZK-proofs.
Now you understand it’s components
Consensus contract PolygonZkEVM.sol deployed on L1 stores Sequencer batch data and verifies Aggregator's ZK-proofs.
Now you understand it’s components
3/ Current State of the chain
This TVL movement happened in days; why? How?
Definitely gas and rumors
What rumors?
Ser Sandeep made a statement so farmers moved in
Gas was reduced thanks to good optimizations and Quick perp and other protocols came knocking, rest is history
This TVL movement happened in days; why? How?
Definitely gas and rumors
What rumors?
Ser Sandeep made a statement so farmers moved in
Gas was reduced thanks to good optimizations and Quick perp and other protocols came knocking, rest is history
4/ It’s a humble growth we not rushing
Slow and steady wins the race
From a high gas to this, I thinks we are ready to brace up for a better zk future
And more improvements are coming like Sandeep hinted: more oracle improvements- Chainlink.
See the gas now 👇🏻
Slow and steady wins the race
From a high gas to this, I thinks we are ready to brace up for a better zk future
And more improvements are coming like Sandeep hinted: more oracle improvements- Chainlink.
See the gas now 👇🏻
5/ Expect a ~20% gas fee reduction at these levels per Polygon Labs report
Lower gas, more protocol deployment, more users, more more TVL, more rewards
No brainer
Like I said earlier, slow and steady wins the race
Lower gas, more protocol deployment, more users, more more TVL, more rewards
No brainer
Like I said earlier, slow and steady wins the race
6/ We all know being early is how WAGMI in crypto
In this early days of polygon zkEVM you’re definitely early
Use onchain data sources to find out what’s going on there, early protocols to dive in etc
The average stats of Polygon zkEVM
In this early days of polygon zkEVM you’re definitely early
Use onchain data sources to find out what’s going on there, early protocols to dive in etc
The average stats of Polygon zkEVM
7/ QuickSwap, polygon og Defi profocol recently released Quick perps that’s live on Polygon zkEVM
With 50x leverage traders should be satisfied 🤑
S/o to @API3DAO for gudd oracle system to support this
With 50x leverage traders should be satisfied 🤑
S/o to @API3DAO for gudd oracle system to support this
8/ Also GAMMA isn’t left out
Quick integrated with them so farmers can farm more
👩🌾👩🌾👩🌾
Quick integrated with them so farmers can farm more
👩🌾👩🌾👩🌾
9/ FRAX pools on Polygon zkEVM thanks to DoveSwap
@fraxfinance enjoyooors will like this one
Also, no tokens for DoveSwap yet, maybe airdrop soon 👀👀
@fraxfinance enjoyooors will like this one
Also, no tokens for DoveSwap yet, maybe airdrop soon 👀👀
10/ I thinks this will do
Scope of top protocols live
Scope of top protocols live
11/ All of these 👆🏻 wouldn't be possible without these champs 👇🏻
12/ You’re early, You’re early.
Don’t fade known, reputable builders
I witnessed what they did in 20-21; although arb is top atm
zk szn will come and take over soooonnnn
Quick bd needs a raise btw, luv this vid @QuickswapDEX
Don’t fade known, reputable builders
I witnessed what they did in 20-21; although arb is top atm
zk szn will come and take over soooonnnn
Quick bd needs a raise btw, luv this vid @QuickswapDEX
zk frens
@expctchaos
@Louround_
@0xkhan_
@CryptoStreamHub
@TheDeFISaint
@Flowslikeosmo
@wacy_time1
@Hercules_Defi
@DeFiMinty
@DeFi_Taha
@ShivanshuMadan
@chilla_ct
@0xsurferboy
@2lambro
@ardizor
@0xkhan_
@expctchaos
@Louround_
@0xkhan_
@CryptoStreamHub
@TheDeFISaint
@Flowslikeosmo
@wacy_time1
@Hercules_Defi
@DeFiMinty
@DeFi_Taha
@ShivanshuMadan
@chilla_ct
@0xsurferboy
@2lambro
@ardizor
@0xkhan_
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Finish 🏁 @0xFinish
·
May 26, 2023
Great thread, Salazar 🫶