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.
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