Research Summary
The article provides an in-depth analysis of three Layer 2 zkEVMs: zkSync Era, Scroll, and Polygon zkEVM. zkSync Era, created by Matter Labs, has experienced significant growth since its mainnet launch in March 2023, reaching one million transactions in just four days. Scroll, an EVM-equivalent ZK-Rollup built upon Ethereum, launched its Alpha Testnet on Goerli in Feb 2023, is moving to Sepolia in the next month, and is aiming for mainnet in Q3. The Alpha Testnet has had significant traction—amongst the most of any ZK-rollup and without any incentivization—reaching 34 million total transactions. Polygon zkEVM, a Layer 2 zk Rollup created by Polygon Labs, has processed over 1M transactions to date and over $35M in value has been bridged over since its Mainnet Beta launch a few months ago.
Actionable Insights
- Monitor zkSync Era’s Performance: zkSync Era has shown impressive growth since its launch, reaching one million transactions in just four days. This rapid growth indicates a high level of user adoption and suggests that zkSync Era could be a significant player in the Layer 2 space.Keep an Eye on Scroll’s Development: Scroll’s Alpha Testnet has had significant traction, reaching 34 million total transactions. This suggests that Scroll could be a promising Layer 2 solution once it moves to mainnet.
- Track Polygon zkEVM’s Progress: Polygon zkEVM has processed over 1M transactions and over $35M in value since its Mainnet Beta launch. This continued growth indicates that Polygon zkEVM is gaining traction and could become a significant Layer 2 solution.
- Assess the Impact of zkEVMs on Ethereum Scaling: The growth and development of these three zkEVMs could have significant implications for Ethereum’s scaling solutions. Monitoring their progress could provide insights into the future of Ethereum scaling.
