Decentralized apps on Polygon hit 37,000, rocketing 400% this year

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The num­ber of decen­tral­ized appli­ca­tions (DApps) on Ethereum-scal­ing-plat­form Poly­gon has topped 37,000, mark­ing a 400% increase since the start of 2022. 

The Poly­gon team shared the fig­ures via an Aug. 10 blog post, which was sourced from part­nered Web3 devel­op­ment plat­form Alche­my, not­ing that the fig­ure rep­re­sents the cumu­la­tive num­ber of appli­ca­tions ever launched on both the test­net and mainnet. 

It also not­ed that the num­ber of month­ly active teams — a mea­sure of devel­op­er activ­i­ty on a blockchain — reached 11,800 at the end of July, up a whop­ping 47.5% from March. 

The project team also high­light­ed a break­down of dApp projects which notably showed that “74% of teams inte­grat­ed exclu­sive­ly on Poly­gon, while 26% deployed on both Poly­gon and Ethereum.”

Polygon’s EVM com­pat­i­ble Proof-of-stake (PoS) blockchain hosts dApps from a long list of promi­nent projects and brands in the cryp­to space, such as NFT mar­ket­place OpenSea, Meta­verse plat­forms Decen­tra­land and The Sand­box, decen­tral­ized finance (DeFi) lend­ing plat­form Aave, and NFT ven­ture fund/gaming firm Ani­mo­ca Brands. 

The blog post stat­ed dApp usage on Poly­gon has seen more than “142 mil­lion unique user address­es and $5 bil­lion in assets secured” with around 1.6 bil­lion trans­ac­tions processed on the net­work to date.

Poly­gon CEO Ryan Wyatt was clear­ly pleased with the growth, as he took to Twit­ter to note that “we’re hav­ing quite a year at Polygon.”

Ear­li­er this year, the Poly­gon team cit­ed its part­ner­ship with Alche­my as a key dri­ver behind the surg­ing num­ber of dApps being built on the net­work, as the Web3 platform’s infra­struc­ture makes it “sig­nif­i­cant­ly eas­i­er for Poly­gon devel­op­ers” to build dApps. 

“Polygon’s part­ner­ship with Alche­my in June 2021 proved to be an adop­tion cat­a­lyst, send­ing the num­ber of dApps run­ning on the net­work to 3,000 in Octo­ber, 7,000 in Jan­u­ary, and over 19,000 as of April,” the post read. 

Relat­ed: Ethereum will out­pace Visa with zkEVM Rollups, says Poly­gon co-founder

The post high­light­ed Alchemy’s plat­form tool­ing, Web3 and dApp infra­struc­ture such as appli­ca­tion pro­gram­ming inter­faces (APIs) and also Alche­my work­ing “hand-in-hand with Poly­gon to resolve and mit­i­gate net­work-lev­el inci­dents when they occur.” 

With the cryp­to mar­kets show­ing signs of a poten­tial­ly bull­ish recov­ery of late, Polygon’s native asset MATIC has pumped a hefty 66.3% in the past month to sit at $0.92 at the time of writ­ing, accord­ing to CoinGecko. Its cur­rent mar­ket cap of $6.9 bil­lion makes MATIC the six­teenth largest asset in crypto. 



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