ZK Rollups Advance: Polygon zkEVM Mainnet Beta Launch

🚀 ZK revolution unfolds

By Polygon
Oct 10, 2024, 2:04 PM
twitter

Polygon zkEVM Mainnet Beta Goes Live

Polygon has launched the beta version of its zkEVM (Zero-Knowledge Ethereum Virtual Machine) on the Ethereum mainnet.​ This marks a significant milestone in Ethereum scaling solutions.​

Key points:

  • zkEVM aims to reduce transaction costs and increase throughput
  • Beta phase allows for real-world testing and optimization
  • Developers can now deploy and test applications on the network

The launch follows months of testnet operations and security audits.​ Polygon's team emphasizes that while in beta, users should exercise caution and limit exposure to potential risks.​

Next steps include monitoring performance, gathering user feedback, and preparing for full mainnet release.​

Sources
Read more about Polygon

Coinme Powers 15K+ US Onramps in TrustWallet via Polygon

Coinme has integrated onchain payment access points at over 15,000 locations across the United States, now embedded directly within TrustWallet. The deployment leverages Polygon's Open Money Stack infrastructure to enable regulated cryptocurrency onramps at scale. This expansion represents a significant step toward mainstream adoption of onchain payments. The integration allows users to convert fiat currency to crypto through physical locations while maintaining regulatory compliance. The infrastructure aims to make blockchain transactions as seamless as traditional digital payments.

Settlement Speed, Not Payment Speed, Is Finance's Real Bottleneck

**The Problem with Traditional Finance** While payments can happen quickly, settlement often takes days. This delay locks up capital, creates lingering risk, and stalls liquidity across the financial system. **The Solution: Onchain Infrastructure** In a Fintech Weekly interview, Marc Boiron explains how blockchain infrastructure addresses this constraint: - Faster finality reduces the time capital remains locked - Onchain systems like Polygon's Open Money Stack improve capital efficiency - True efficiency requires both speed and finality working together **Why This Matters for Institutions** The shift from slow settlement to instant finality could unlock significant capital that's currently trapped in transit. For institutions, this means better liquidity management and reduced counterparty risk. Read the full interview: [Fintech Weekly](https://www.fintechweekly.com/magazine/articles/real-bottleneck-finance-settlement-not-payments)

Ledger Wallet Adds Native POL Staking via Yield Integration

Ledger Wallet Adds Native POL Staking via Yield Integration

Ledger Wallet users can now stake POL tokens directly within the wallet interface, eliminating the need for external platforms. **Key Details:** - Native staking integration powered by Yield - Streamlined process takes seconds to complete - Removes friction from the staking experience This integration brings staking functionality directly to hardware wallet users, combining security with convenience for POL token holders.

Polygon Captures 91% of APAC Stablecoin Volume as Regional Demand Surges

Polygon has become the dominant settlement layer for stablecoin transactions in the Asia-Pacific region, processing **91% of all regional stablecoin transfer volume**. The network hit a 6-month high in APAC stablecoin activity on February 11, with **$21.9M in Australian dollar stablecoin (AUDF) transfers in a single day**. The surge reflects growing demand for regionally native stablecoins beyond USD-denominated options. Recent metrics demonstrate operational scale: - 94M stablecoin transfers processed - 7.5M transactions in one day - $1.49B in USDC supply (daily record) - $195M in international stablecoin movement Polygon's infrastructure supports payments, remittances, and fintech settlement through predictable low fees and fast transaction finality.

Polygon Dominates Japan's Onchain Yen Market with JPYC

Polygon Dominates Japan's Onchain Yen Market with JPYC

Polygon has emerged as the dominant blockchain for **$JPYC** transactions in Japan, processing more volume than all other chains combined. **Key Points:** - Polygon handles the majority of real onchain yen activity in the Japanese market - The network has become the primary infrastructure for JPYC, Japan's first fully backed yen stablecoin - This dominance demonstrates Polygon's effectiveness as settlement rails for regulated digital currency The development highlights how established blockchain networks are capturing real-world payment flows as governments integrate stablecoins into financial systems.