SummaryPolygon has just launched a zkEVM Public Testnet.This technology will be a game-changer for Ethereum developers.The MATIC chart shows evidence that a bottom was formed back in June, and we could soon start another strong rally.Thesis SummaryPolygon (MATIC-USD) is a Layer 2 solution built specifically for Ethereum (ETH-USD). Following the Merge, Ethereum has set itself up for improved speed and overall efficiency, but I believe scaling solutions will still be relevant in the long term.With that said, MATIC is, in my opinion, the best L2 out there for ETH scaling, and it has recently cemented its position as such with the launch of zkEVM rollups. Though this is just a testnet, it lays the foundation for completely seamless integration between ETH and MATIC.Finally, if we look at MATIC's chart, we can see a very clear structure developing, which projects us into the $5 target region.Is Polygon Still Relevant?Before we get into why MATIC is such a great blockchain, we have to address the elephant in the room. Following the Merge, in which Ethereum became a PoS blockchain, many people think that the network is now more efficient, which, if we think about it, should render L2 solutions like Polygon useless. However, nothing could be further from the truth.For starters, the Ethereum Merge did not make the network more efficient in terms of speed and cost. The consensus mechanism changed, from PoW, which involves mining, to PoS...
