Journalist
Posted:
- zkEVM’s daily active addresses have declined.
- Uniswap submitted a proposal seeking a friendly hardfork on Polygon zkEVM.
As reported earlier, Polygon [MATIC] zkEVM was expecting a new network upgrade that would add multiple new features. The latest tweet from Polygon revealed that the rollup successfully completed its Dragonfruit upgrade.
Read Polygon’s [MATIC] Price Prediction 2023-24
With the update, zkEVM has become the only rollup that supports Ethereum’s PUSH0.
Dragonfruit update is successful
Polygon announced that it would push out the Dragonfruit upgrade on 20 September, which has now been successfully released.
With the update, Polygon zkEVM Mainnet Beta became up to date with the latest version of Solidity, maintaining the rollup’s equivalence with the EVM by incorporating support for the latest EVM opcode PUSH0.
Dragonfruit Upgrade: successful
Polygon zkEVM Mainnet Beta upgrade + bridge operations have completed successfully. System resumes full activity.
Devs, the list of EVM networks that support PUSH0 opcode:
1) Ethereum
2) Polygon zkEVM Mainnet Beta https://t.co/YEjDhHDD6w— Polygon (@0xPolygon) September 20, 2023
For the uninitiated, PUSH0 is the latest EVM opcode included in the Shanghai hard fork. The update could have resulted in a hike in zkEVM’s network activity, but that was not the case.
Unfortunately, the Dragonfruit update also did not have a positive impact on the rollup as zkEVM’s key metrics remained low. For instance, in the recent past, zkEVM’s daily active addresses took a downturn. A similar trend was also noted in terms of its daily transactions.
Source: Artemis
Thanks to this, zkEVM’s daily gas use also declined. Polygonscan’s data revealed that after spiking in late August, the rollup’s daily gas usage has plummeted sharply, suggesting less activity on the network.
The rollup’s captured value was also declining, which was evident from the dip in its TVL and fees. Nonetheless, the overall ecosystem seemed to have grown over the months as the total number of unique depositors continued to rise.
Source: Polygonscan
A new hardfork might be around the corner
Amidst this, Uniswap [UNI] submitted a proposal for a friendly hardfork. For starters, a friendly fork refers to a situation in which a protocol is duplicated, creating a new version that maintains a positive and collaborative relationship with the original project.
The newly submitted proposal aims to focus on the integration of Zero Protocol as a friendly fork of Uniswap on the Polygon zkEVM chain.
A vote is now live, proposing a “friendly fork” between Uniswap DAO and Zero Protocol on Polygon zkEVM.@zero_zkevm will use Uniswap’s backend, while offering Uniswap a 10% token allocation and open R&D benefits.
Details below.https://t.co/z7hMRkUAP0
— Polygon DeFi | zkEVM Mainnet Beta (@0xPolygonDeFi) September 19, 2023
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As per the official proposal, Uniswap can harness the advantages of Zero Protocol while ensuring that both projects benefit mutually and contribute to the evolving DeFi landscape.
The proposal suggested a structured proposal timeline spanning three weeks to ensure transparency, community engagement, and thoughtful decision-making.
