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Scroll zkEVM Unveiled: Blockchain Data Reveals Competition with Polygon and Matter Labs

Oct 14, 2023 at 10:58 am

The Ethereum ecosystem is witnessing increased competition in the realm of layer-2 solutions, particularly in the category of "zkEVMs," with players like Polygon and Matter Labs.

Recently, blockchain data indicates that Scroll, an innovative layer 2 scaling solution for the Ethereum network, has officially launched its mainnet. Spearheaded by co-founder Sandy Peng, Scroll's focus has been on developing a ZK rollup, a layer-2 network utilizing zero-knowledge cryptography. What sets it apart is its compatibility with the Ethereum Virtual Machine (EVM) computing environment. This means that developers can seamlessly migrate applications designed for Ethereum to the new "zkEVM" network.

The introduction of Scroll into the arena intensifies the competition with other providers of zkEVMs like Polygon and Matter Labs.

As per Etherscan, a blockchain explorer tool, interactions between the main Ethereum blockchain and the "Scroll: L1 Gateway Router Proxy" have been observed over the past few days, following a "Contract creation."

Additionally, a dashboard monitoring the new Scroll zkEVM was launched on Dune Analytics. As of Thursday, approximately 370 ETH (equivalent to $565,000) had been bridged to the network, as indicated by the dashboard.

Scroll's debut comes after extensive research spanning two years, and about seven months since Polygon and Matter Labs unveiled their own zkEVM solutions. Scroll's zkEVM had previously undergone testing on a dedicated network in February.

Regarding the potential release of their own token, Scroll has not provided official confirmation. A spokesperson declined to comment on specific blockchain transactions. The initial report on the blockchain data was covered by The Block.

Read more: Ethereum Governance Council: Balancing Code and Justice

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