Upcoming Optimizations to Polygon zkEVM Anticipated to Decrease Fees by 20%
Polygon zkEVM, a layer-2 scaling solution for Ethereum, is set to undergo significant optimizations that will substantially reduce the associated costs by about 20%, despite the lack of data compression.
The Rationale Behind Transaction Fees
It’s important to understand that the fees levied on Polygon zkEVM transactions are utilized to maintain the servers responsible for creating proofs on the Ethereum network. These fees also cover the costs of providing the underlying data. Notably, the provision of data availability alone accounts for nearly 80% of the network transaction price. While data compression remains out of reach currently, the forthcoming system improvements and the implementation of EIP-4844 are expected to markedly enhance efficiency.
Proactive User Strategies for Fee Optimization
Meanwhile, users can adopt various strategies to optimize their transaction fees on the existing Polygon zkEVM platform. Timing, particularly for on-network transactions, plays a crucial role. The advice from experts is to wait for moments when Ethereum gas fees are at their lowest, as these fees constitute the majority of the transaction cost due to interactions with the Ethereum Layer 1 (L1). Platforms such as ethereumprice.org provide tools to track gas prices and identify the most cost-effective times for transactions.
High Network Traffic May Lead to Lower Costs
Interestingly, users might find it beneficial to engage with Polygon zkEVM during peak network traffic times. Despite the apparent paradox, the costs on a roll-up network like Polygon zkEVM often fall as activity rises. This is due to the increasing number of transactions, which allows the cost of generating proofs to be distributed more broadly. A graph demonstrating the correlation between increased transaction volume and declining average transaction costs further supports this strategy.
The Future of Polygon zkEVM
The upcoming enhancements to Polygon zkEVM, coupled with planned EIP-4844 adoption, promise significant improvements in system efficiency. Meanwhile, users can already make use of the optimization strategies suggested to get the most value from their transactions.
In conclusion, the upcoming changes to Polygon zkEVM not only aim to enhance its efficiency but also to make it a more economical choice for users. The optimization strategies suggested here, coupled with the anticipated reduction in transaction fees, ensure a bright future for this layer-2 scaling solution.