TheMoneyMongers study of Google Trends data from the past 90 days shows that Polygon is the most frequently searched PoS cryptocurrency in the US, after Ethereum. Learn more about this emerging trend in the world of cryptocurrency.
After Ethereum, Polygon is the Proof-of-Stake (PoS) cryptocurrency that is most frequently searched in the US. This was made clear by a study done by TheMoneyMongers that looked at Google Trends data from the previous 90 days.
The most popular cryptocurrency in the US according to Proof-of-State rating is Polygon
TheMoneyMongers found that Polygon (MATIC) is currently the second-most-searched Proof-of-Stake cryptocurrency on Google among Americans.
Polygon trails only Ethereum, which recently embraced PoS consensus, in Google Trends’ 90-day assessment of the top 5 PoS cryptocurrencies.
Polygon, with its better blockchain scalability, has attracted 35.3% of US states. For instance the analysis indicated that 54.9% of US states were interested in knowing more about Ethereum on the popular search engine.
Next were Cardano, Solana, and Polkadot, chosen for their market size and Proof-of-Stake.
Polkadot is researched sometimes, Solana in one state, and Cardano by 7.8%, or four US states, according to the poll.
Residents in South Dakota, Rhode Island, Delaware, and the District of Columbia are said to be interested in Cardano. For Polkadot, it appears that certain citizens of Tennessee, Connecticut, Massachusetts, and Wisconsin are moderately interested. Solana is widely sought for by people in Maine.
Following Ethereum, Polygon is the biggest PoS cryptocurrency
Polygon is behind Ethereum in market size, price performance, and US Google searches.
Ethereum, unlike Polygon, has become a Proof-of-Stake cryptocurrency since its most recent split, The Merge, which was completed with the latest network update, Shanghai/Capella (also known as Shapella).
Ethereum is ending mining with EIP 4895 and the possibility for validators and users to withdraw staked ETH.
Withdrawals were enabled a few days ago, completing Ethereum’s conversion from the less “sustainable” Proof-of-Work consensus technique to the more “sustainable” Proof-of-Stake mechanism.
Co-founder of TheMoneyMongers.com Sudhir Khatwani offered the following analysis of the findings:
“With Ethereum’s Shanghai Upgrade, Ethereum has become the most popular Proof Of Stake cryptocurrency because users who had earlier staked 32 ETH, can unstake and withdraw their Ether, as staking and unstacking is a critical part of Proof of Stake consensus mechanism.”
According to TheMoneyMonger’s survey, Polygon remains the most preferred PoS cryptocurrency in several states. This is despite the changes that have occurred with Ethereum. The following states were included in the survey: Alabama, Indiana, Kansas, Kentucky, Louisiana, Minnesota, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Tennessee, Texas, Utah, Virginia, West Virginia, Wisconsin, and Wyoming.
Support for the zkEVM mainnet from Vitalik Buterin
Polygon launched its own mainnet, zkEVM. Ethereum co-founder Vitalik Buterin was a special visitor at the ceremony and carried a secret message, Buterin’s hexadecimal message read:
“Millions of constraints for man, unconstrained scalability for mankind”
The zkEVM network is a brand-new platform designed by Polygon and Immutable specifically for developers in the cryptocurrency industry.
The zkEVM, which integrates the usage of ZK technology to speed up the production of Web3 games, is specifically meant to be a development in blockchain-based gaming.