Whale Polygon And Zk-rollups

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1 min read

Whale Polygon is currently firmly entrenched in MATIC, as this blockchain is still considered a leader in the implementation of ZK-rollups or zero-knowledge rollups technology. This Layer2 approach allows transactions to be much faster than directly transacting on the Ethereum blockchain. However, the selling pressure from whales is challenging to avoid, resulting in a recent decline in MATIC prices.

Polygon’s team, in a partnership introducing zkEVM currently in beta, gains momentum. With additional platforms implementing zkEVM solutions on Polygon, MATIC has the potential for financial gains. So far, MATIC has shown stability, with support at $0.70 and resistance at $1.

Despite the positive growth news, Polygon whales might be keeping an eye on BlockDAG due to its unique hybrid consensus protocol with a block speed of 10 blocks/second.

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