Polygon is the second most searched Proof-of-Stake (PoS) crypto in the US, after Ethereum. This was revealed by the study conducted by TheMoneyMongers, which analyzed Google Trends data over the past 90 days.
Polygon and the Proof-of-State ranking of most searched crypto in the US
The study conducted by TheMoneyMongers revealed that Polygon (MATIC) has captured the interest of Americans, becoming the second most searched Proof-of-Stake crypto on Google.
In essence, analyzing Google Trends over the past 90 days across the top 5 PoS crypto, Polygon is second only to Ethereum, which recently switched to this consensus mechanism.
Specifically, 18 states in the US, or 35.3%, are interested in Polygon, which has quickly become Ethereum’s competitor due to its superior ability to scale on the blockchain.
By contrast, in the case of Ethereum, the study states that it is 54.9%, meaning as many as 28 states in the US that are interested in researching it on the search engine giant.
Next followed other crypto assets, also chosen based on their market capitalization and specifically because they are Proof-of-Stake: Cardano, Solana and Polkadot.
Respectively, the study states that Cardano is researched by 7.8% and that is 4 states in the US, Solana by only one state, and Polkadot in scattered way.
Cardano is reported to have captured the interest of residents of Delaware, the District of Columbia, Rhode Island, and South Dakota. Solana is highly sought after by residents of Maine, and for Polkadot it appears that some residents of Tennessee, Connecticut, Massachusetts, and Wisconsin are somewhat interested.
Polygon is the second largest PoS crypto after Ethereum
Apparently, Polygon has not yet managed to overtake Ethereum, not only in terms of market capitalization and price performance, but also Google searches in the US.
The thing is that while Polygon started out as a Proof-of-Stake crypto, Ethereum has become one ever since its last fork called The Merge, completed with the latest network update called Shanghai/Capella (or also called Shapella).
And indeed, Ethereum is saying goodbye to mining in an official way, implementing Ethereum Improvement Proposal (EIP) 4895 and allowing validators and users to withdraw their staked ETH on the network.
The enabling of withdrawals, which took place a few days ago, completed Ethereum’s transition from the Proof-of-Work consensus mechanism to the more “sustainable” so-called Proof-of-Stake mechanism.
In this regard, Sudhir Khatwani, co-founder of TheMoneyMongers.com, commented on the results:
“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.”
Despite these movements of Ethereum, TheMoneyMonger’s study states that Polygon remains the most attractive PoS crypto in the following states: Alabama, Indiana, Kansas, Kentucky, Louisiana, Minnesota, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Tennessee, Texas, Utah, Virginia, West Virginia, Wisconsin, and Wyoming.
Vitalik Buterin’s support for the zkEVM mainnet
Recently, Polygon launched its new mainnet, the zkEVM. The event saw Ethereum co-founder Vitalik Buterin being a special guest and in particular the one who first made the first transaction on the new network, hiding a message of his own.
Basically, Buterin agreed to perform the first ever symbolic transaction on the Polygon zkEVM with a message converted to hexadecimal code that said:
“Millions of constraints for man, unconstrained scalability for mankind”
The zkEVM network was created by Polygon together with Immutable, and is a new platform dedicated to developers in the crypto world.
Specifically, the zkEVM is intended to be an advancement in blockchain-based gaming that integrates the use of ZK technology that will serve to accelerate the development of Web3 games.