All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- Polygon has recently announced the launch of the Miden Alpha Testnet V3.
- Polygon has achieved a notable feat in the NFT market, surpassing Bitcoin and Solana in daily NFT sales volume.
Polygon (MATIC) recently announced the launch of the Miden Alpha Testnet V3, a zkEVM rollup, in a blog. The Miden Alpha Testnet V3 aims to improve the blockchain environment by allowing the generation and implementation of zero-knowledge proofs. This latest version provides support for standard smart contracts to enable the developers to build sovereign dApps.
the Miden alpha testnet just got even better
what's new, you may ask?
◦ transient notes for sub-second order updates
◦ beautiful CLI
◦ Miden WASM client for in-browser use💡 check out the tutorials: https://t.co/qqOsnlMWaS pic.twitter.com/83Oz7NAgzH
— Polygon | Aggregated (@0xPolygon) July 10, 2024
Some of the new features that have been launched in the Miden Alpha Testnet V3 include sub-second order updates with transient notes, which enable faster transaction chains by avoiding on-chain registration. This greatly decreases the time it takes to achieve block finality, which is suitable for use cases such as order-book exchanges.
Another important addition is the incorporation of transaction IDs in blocks. This change helps determine the inclusion of a transaction within the Miden chain through directly referencing of the transaction IDs in each block.
Developer Tools and Improvements
The Polygon Miden Alpha V3 also contains a no-std client that runs in a browser and is compiled to the WebAssembly (WASM). This will make it possible to create Miden applications, including a Miden wallet through which users will be able to carry out and prove transactions in their browsers. The upcoming Web-GPU integration is anticipated to increase transaction speeds even more.
The new release also contains a Note aux field where users can add an arbitrary string, for example, the account ID to notes. The core developers of Polygon Miden have made changes in the code to enhance the stability and readability of the system by including events and error messages in the TransactionKernel for easier testing against a mock blockchain.
According to the blog, each release of the Polygon Miden client provides a better command line interface with the emphasis on usability, friendliness and eye candy. These improvements are intended to enhance the platform’s experience for the developers to make it easier to develop.
Polygon Surpasses Bitcoin and Solana in NFT Sales Volume
Polygon has achieved a notable feat in the NFT market, surpassing Bitcoin and Solana in daily NFT sales volume. As CryptoSlam reports, the total NFT sales volume rose by 27% in the last 24 hours and amounts to $18.21 million. This surge was observed despite the total transaction volume decreasing by 7%, which indicates that the whales are becoming more active in the NFT market.
Ethereum remains dominant in the NFT market as sales volume rises by 24% to $5.1 million. However, the polygon NFT trading volume rose by 173% and hit $4 million for the third time this year. This milestone highlights the increasing role and activity of Polygon in the NFT market.
As highlighted in our previous article, Polygon’s network activity surpassed 1.18 million active addresses, while Ethereum had 365,000 and Bitcoin 594,000. The rise in user activity has led to the hopes of a bullish trend in the market for MATIC. Co-founder Mihailo Bjelic highlighted these statistics, emphasizing the growing use of the network. As of this writing, Matic is currently trading at $0.5141 with a 24-hour increase of 1.75%.
