Polygon zkEVM has successfully concluded more than 11 million transactions, marking a significant milestone in its path of growth and acceptance within the digital sphere. However, underneath this triumph lie complexities that hint at a challenging journey ahead, particularly when juxtaposed against other well-known EVMs like Starknet and zkEVM.

The recent buzz surrounding Polygon zkEVM stemmed from its remarkable achievement, as reported by the outlet Today In Polygon. This event coincided with a surge in unique addresses, totaling a noteworthy 671,000, indicating a substantial level of adoption among users. The prolific surge in transactions was tied to a noteworthy decline in zkEVM's average gas price over the preceding weeks, thereby attracting an augmented user base and consequently augmenting total transactions.

Despite these positive indicators, reports from Artemis disclosed a recent downturn in network activity for Polygon zkEVM during the month of May. Daily active addresses experienced a decline, triggering a subsequent drop in the daily transaction count, raising concerns about the platform's sustained performance. Furthermore, there was observable distress in the captured value realm, exemplified by a pronounced drop in zkEVM's revenue since the onset of May.

When held against the metric of active addresses, Polygon zkEVM's performance seems relatively lackluster compared to its industry peers. A case in point is zkSync Era, which outperformed zkEVM in various parameters, including daily active addresses and total transaction volume. On the particular day of May 2nd, zkSync Era boasted markedly higher statistics in these areas, underscoring a disparity in performance trends between the two platforms.

The response from the market, especially in relation to MATIC, Polygon's native currency, showcased optimism following the milestone achievement by zkEVM. As per data from CoinMarketCap, MATIC witnessed a favorable price surge exceeding 5% over the last 7 days, placing it at an advantageous trading position valued at $0.7356 with a market capitalization exceeding $7.2 billion, positioning it as the 18th most valuable cryptocurrency in current listings.

MATIC's positive uptick in price dynamics facilitated a bullish sentiment, reflected in the upward movement of the weighted sentiment index subsequent to a dip witnessed on May 2nd. Moreover, its MVRV ratio experienced an increment, indicating a growing tendency among investors to reap profits from the recent market trends. However, a deeper analysis by AMBCrypto using data from IntoTheBlock highlighted that just a modest 14% of MATIC investors had registered profits at the time of publication, underlining the fact that there remains a considerable distance for the altcoin and its investor base to traverse before marking significant investment returns.