The community appeared to stay offline for greater than 24 hours.
Polyogn zkEVM, the flagship scaling resolution from Polygon, is again to regular operation after struggling a significant outage.
Polygon reported the difficulty on Saturday night time, attributing the difficulty to a sequencer fault following a Layer 1. The staff emphasised that the difficulty was contained to zkEVM and that each one different Polygon networks continued to perform with out subject.
The challenge adopted up 27 hours later to announce that Polygon zkEVM had resumed its traditional operations after intervention from its Emergency Council. Any additional system updates shall be topic to a 10-day timelock earlier than activation after the community exited emergency state mode.
Polygon’s MATIC token is up 5% in 24 hours amid a broader crypto market bounce regardless of the outage, in accordance with CoinGecko.
The incident follows a sluggish launch for Polygon zkEVM following the deployment of its mainnet beta in March 2023, with the community’s throughput and whole worth locked (TVL) lagging behind rival zero-knowledge rollups whereas transaction charges stay excessive.
Polygon’s zkEVM’s strongest-ever each day throughput was posted in August when it processed simply 1.41 transactions per second (TPS) over 24 hours. The stat ranks Polygon zkEVM twenty third amongst 35 Layer 2 networks ranked by L2beat, with zkSync Period, a number one zero-knowledge rollup, topping the listing at 62 TPS.
Regardless of the weak throughput, Polygon zkEVM’s charges constantly outpaced zkSync Period, Starknet, and Linea all through March.
Polygon zkEVM’s transaction charges haven’t dropped alongside different L2s following the launch of Ethereum’s Dencun laborious fork two weeks in the past as a consequence of Polygon chains not but supporting EIP-4844. Polygon is getting ready to roll out assist for EIP-4844 subsequent month.
Polygon zkEVM’s community TVL has additionally grown pretty gradual, possible because of the absence of a possible airdrop for early customers. The community at present ranks 14th and is host to $157 million price of belongings, whereas Starknet is sixth with $1.53 billion, zkSync Period is ninth with $765 million, and Linea is tenth with $424 million.
Nevertheless, in June, Polygon introduced plans to later merge its zkEVM and PoS sidechain, with the latter community at present internet hosting $1.18 billion inside its DeFi ecosystem, in accordance with DeFi Llama.
