Polygon (MATIC) Upgrades Its Miden Testnet with Sub-Second Order Updates

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.

Polygon (MATIC) announced the launch of Miden Alpha Testnet V3 in a recent blog. The zkEVM rollup aims to enhance the blockchain environment by facilitating the generation and implementation of zero-knowledge proofs.

This latest version introduces support for standard smart contracts, enabling developers to build sovereign dApps.

Among the new features launched in the Miden Alpha Testnet V3 are sub-second order updates with transient notes, which facilitate faster transaction chains by eliminating the need for on-chain registration. This significantly reduces the time to achieve block finality, making it suitable for use cases like order-book exchanges.

Another notable addition is the inclusion of transaction IDs in blocks, a change that enables the direct referencing of transaction IDs in each block to determine the inclusion of a transaction within the Miden chain.

Developer Tools and Improvements

The Polygon Miden Alpha V3 also features a no-std client that runs in a browser and is compiled to the WebAssembly (WASM). This will allow for the creation of Miden applications, including a Miden wallet through which users will be able to transact and prove transactions in their browsers. The upcoming Web-GPU integration is expected to further enhance transaction speeds.

The new release also introduces a Note aux field where users can add an arbitrary string, such as the account ID, to notes. Additionally, changes have been made in the TransactionKernel to include events and error messages for easier testing against a mock blockchain, improving the stability and readability of the system.

Each release of the Polygon Miden client brings an improved command line interface, with a focus on usability, user-friendliness and visual appeal, according to the blog. These enhancements are designed to improve the developer experience on the platform.

Polygon Surges Past Bitcoin, Solana in NFT Sales Volume

In related news, Polygon has achieved a significant milestone in the NFT market, surpassing Bitcoin and Solana in daily NFT sales volume.

As reported by CryptoSlam, the total NFT sales volume rose by 27% in the last 24 hours and now stands at $18.21 million. This surge was observed despite the total transaction volume decreasing by 7%, indicating that the whales are becoming more active in the NFT market.

Ethereum continues to lead the NFT market with sales volume rising by 24% to reach $5.1 million. However, Polygon saw its NFT trading volume increase by 173% to reach $4 million for the third time this year.

As highlighted in our previous article, Polygon’s network activity saw over 1.18 million active addresses, compared to Ethereum’s 365,000 and Bitcoin’s 594,000. This surge in user activity has led to hopes of a bullish trend in the market for MATIC.

Co-founder Mihailo Bjelic drew attention to these statistics, highlighting the increasing network utilization. At the time of writing, MATIC is trading at $0.5141, up 1.75% in the last 24 hours.

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