DEX SyncSwap Launches Polygon zk EVM Test Network Based on zkSync

03/20/2023 00:21 • Crypto & Markets • 60 views

On March 20th, the DEX SyncSwap based on zkSync announced on Twitter that it had launched the Polygonzk EVM test network. Previously, it was reported that the SyncSwap test network was tested online at zkSyncEra on March 2.

DEX SyncSwap based on zkSync has been launched on the PolygonzkEVM test network

Analysis based on this information:

The DEX SyncSwap has recently announced on Twitter the launch of their Polygon zk EVM test network based on zkSync on March 20th, 2021. This news brings new hope to the decentralized exchange market that has recently experienced a tremendous growth in demand, stressing the importance of a reliable, secure, and efficient trading system.

DEX SyncSwap is a decentralized exchange platform that has established itself in the market since the inception of the Ethereum network. Despite Ethereum’s status as the most popular blockchain network for decentralized applications, it has experienced network congestion, high gas fees, and slow transaction times, making it challenging to execute real-time trades. To address this, SyncSwap introduced zkSync, a layer 2 solution that enables faster and cheaper transactions, reducing gas fees and congestion while improving scalability.

The Polygon zk EVM test network is a new addition to SyncSwap’s layer 2 solution, which aims to solve the performance and scalability issues of Ethereum’s network. The Polygon network creates a new blockchain network that is interoperable with Ethereum, making it possible to move assets between Ethereum and the Polygon network seamlessly. Moreover, the Polygon network employs the zkRollup technology used in zkSync, enabling faster and cheaper transactions with high scalability without compromising on security.

Previously, SyncSwap was tested online at zkSyncEra on March 2nd, 2021, which allowed users to experience the platform’s benefits before its official launch. The test network served to validate the platform’s performance and functionality, ensuring that it meets industry standards and user expectations.

In conclusion, the DEX SyncSwap’s launch of the Polygon zk EVM test network based on zkSync is an exciting development in the decentralized exchange market. This test network introduces a new layer 2 solution that enhances speed, scalability, and reduces gas fees, providing a more efficient and reliable decentralized trading system for users. This development marks a significant milestone in the growth and adoption of layer 2 solutions in the blockchain industry.

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