Yesterday, it announced that the number of decentralized applications (dApps) on the network has reached 37,000, marking a spectacular growth of 400% year-to-date. This metric represents the number of dApps that have been and are being launched on both testnet and mainnet.
Specifically, the number of active teams – an important scale for developers on blockchain – reached 11,800 at the end of July, a hot increase of 47.5% compared to March. Of which, 74% of the project only integrates exclusively on Polygon, and the remaining 26% is deployed on both Polygon and Ethereum.
Polygon’s EVM-compatible Proof-of-Stake (PoS) blockchain is home to a long list of prominent crypto projects and brands, such as NFT Marketplace OpenSea, Metaverse Decentraland, The Sandbox, the platform for DeFi Aave loan, Animoca Brands venture capital fund…
The blog post stated that 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.
CEO Ryan Wyatt immediately expressed his delight:
Earlier this year, the Polygon team cited their relationship with Alchemy as the key reason behind the growing number of dApps being produced on the network, citing how the infrastructure of the Web3 platform makes it “much simpler” for Polygon developers to construct 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.
At the time of writing, MATIC is trading at $0.9327.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Nov 18th, Panama - Gate.io, a global leader in digital asset trading, has officially unveiled…
The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…
Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire
Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…
As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…
With the crypto market reaching new peaks, many are eager to discover digital currencies poised…
This website uses cookies.