Soon Polygon zkEVM will shut down. Quick recap: >Polygon acquired Hermez for $250M in 2021 >Rebranded to Polygon zkEVM >Development quietly abandoned >Never upgraded to use Blobs, chain runs at 1M$+ loss/y >Announce chain will shut down
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Polygon co-founder Jordi Baylina revives zkEVM tech under new venture, Zisk
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Polygon’s zkEVM, formerly known as Hermez, was a zero-knowledge Ethereum-compatible chain developed to scale onchain transactions but ultimately failed to meet expectations and was shut down in 2025.
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Polygon’s zkEVM chain, previously known as Hermez, incurred over $1 million in annual losses and was eventually shut down despite a $250 million acquisition in 2021.
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