The community appeared to stay offline for greater than 24 hours.
Polyogn zkEVM, the flagship scaling answer from Polygon, is again to regular operation after struggling a significant outage.
Polygon reported the problem on Saturday evening, attributing the problem to a sequencer fault following a Layer 1. The crew emphasised that the problem was contained to zkEVM and that each one different Polygon networks continued to operate with out subject.
The mission adopted up 27 hours later to announce that Polygon zkEVM had resumed its typical operations after intervention from its Emergency Council. Any additional system updates will probably 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, based on 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 every 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 arduous fork two weeks in the past as a consequence of Polygon chains not but supporting EIP-4844. Polygon is making ready to roll out assist for EIP-4844 subsequent month.
Polygon zkEVM’s community TVL has additionally grown pretty sluggish, doubtless as a result of absence of a possible airdrop for early customers. The community at the moment ranks 14th and is host to $157 million value 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 the moment internet hosting $1.18 billion inside its DeFi ecosystem, based on DeFi Llama.
