ZkSync beats polygon in total value locked
Ethereum (ETH) developer platform known as zkSync Ecosystem has seen significant expansion over the last few weeks, surpassing Polygon in total value locked.
This expansion has been particularly notable after the debut of zkSync’s layer-2 scaling protocol known as Era on March 24. When zkSync is contrasted with the blockchain platform Polygon, which has recently debuted the EVM counterpart zkEVM, it is possible to conclude that the former has been more successful in terms of TVL than the latter.
The crypto market intelligence company Messari tweeted to its 313 thousand followers about the outstanding success of the zkSync Ecosystem “in the few weeks since the launch of zkSync’s Era.”
Messari noted that “at the end of Q1, zkSync had nearly $200M in TVL across its ecosystem while Polygon’s zkEVM had seen little adoption in comparison.” He elaborated on this statement by providing more explanation.
The most significant distinction between the two chains is that zkSync Era is EVM compatible, whereas Polygon zkEVM is EVM equivalent.
While zkSync’s TVL has seen significant growth since the introduction of Era and has reached $200 million, Polygon’s TVL has remained relatively unchanged at a pace of about $2.2 million.