Polygon zkEVM, which makes things work faster, will be improved in the next few weeks. This will make it cost 20% less, even without squeezing the data.
This change will make the platform cheaper and easier to use for its users. A new Twitter talk showed that people can already use tools to reduce the cost of using Polygon zkEVM.
First, what are transaction fees on Polygon zkEVM for?
Transaction fees cover the cost of data availability & posting a proof to Ethereum. Polygon zkEVM publishes state data for every transaction processed.
Fees also cover the expense of running the server that generates proofs pic.twitter.com/fO1Wphduvb
— Polygon (Labs) (@0xPolygonLabs) May 22, 2023
The fees for using Polygon zkEVM transactions are used to pay for the servers that generate proofs on the Ethereum network and the costs of making the data available. Data availability makes up almost 80% of the cost of network transactions. Even though data compression is not available now, improvements are planned and expected to make the system work much better.
Polygon has some tips for making things work better.
Today, people can use different methods to reduce fees on Polygon zkEVM. The time is really important, especially for transactions happening on the network. It is best to wait for times when Ethereum gas fees are low because most of the fee is for using Ethereum Layer 1 (L1). Websites like ethereumprice. org help you track how much it costs to do transactions and find the best times to do them.
Users should consider using Polygon zkEVM when the network is busy. Even though it may seem strange, costs for a roll-up network usually decrease as activity increases. More transactions are making it cost more to prove them. This is backed up by a graph that shows how the cost of each transaction goes down as more transactions are made.