What Happened on Mar. 28th | The Role of $MATIC token in Polygon zkEVM

Polygon zkEVM is a Layer 2 scaling solution for Ethereum that leverages the scaling power of zero-knowledge proofs while maintaining Ethereum compatibility. Developers and users on Polygon zkEVM can use the same code, tooling, apps, etc that they use on Ethereum, but with much higher throughput and lower fees.

In the current Polygon PoS sidechain, the $MATIC token is used for the gas fee. However, according to the official documentation, ETH will be used for gas fees in Polygon zkEVM. It is expected that MATIC will be used for staking and governance in Polygon zkEVM in the future, but there is no detailed plan revealed by the team. Therefore, up to this point, the launch of Polygon zkEVM has nothing to do with the $MATIC token.

Biggest Gainers & Losers

Headlines

ConsenSys Intensifies Competition in zkEVM Space, Launching Public Testnet of Linea：After zkSync Era and Polygon zkEVM went live on mainnet, ConsenSys, another player in the zkEVM space, announced its the latest updates. The Ethereum software company named its zkEVM solution Linea and launched the public testnet, available to any developer, user, and protocols.

MakerDAO's "Endgame" Plan Moves Forward with Approval of the "Constitution"：Lending platform MakerDAO has taken a major step forward in its "Endgame" plan, as its community approved a new set of rules that establishes the protocol's governance, development, and investments of its reserve.

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Circle to Launch Cosmos-native $USDC on Asset Issuance Chain Noble

0VIX Becomes the First DeFi Protocol deployed on Polygon zkEVM

Uniswap v3 to Be Free for Forking After BSL License Expires on April 1st

dYdX v4 Completes Third Milestone with Private Testnet Begin Mar. 28

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Fundraising

Crypto Infrastructure Startup Conduit Closes $7 Million Seed Round Led by Paradigm

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