Development of dApps on Polygon Network (MATIC) Increases by 60 Percent

The development of dApps in the Polygon network has increased. (Photo; Doc. Tecnobits)

JAKARTA – The Polygon Network (MATIC) has seen an increase in decentralized application development (dApps) by around 53,000, as reported by the development platform Web3.0 Alchemy. Meanwhile, Polygon itself has published statistics for an increase of 60 percent.

What's more, the data reveals an eightfold jump in the number of dApps on Polygon since the start of the year, even though the figure includes the overall number of dApps launched on Polygon's testnet and mainnet.

While in terms of live applications, activity at Polygon has registered a 29 percent jump since the last quarter, reaching 17,800, representing a fourfold increase compared to the start of this year.

The Ethereum scaling platform further revealed an increase in the number of its monthly active teams. According to Alchemy, developer activity on the Polygon PoS network jumped about 27 percent at 13,700. Data shows that 66 percent of projects are directly building on Polygon, while others are being developed for Ethereum.

Polygon PoS is home to some of the most important Web 3.0 projects in the sector, including Aave, Uniswap V3, OpenSea, and Lazy.com Mark Cuban. In addition, companies such as Adobe, eBay, Nothing, Reddit, Robinhood, and Stripe use Polygon as their default gateway to Web 3.0.

This positive development is largely due to efforts made by the Polygon development team in recent months to advance the network ecosystem. Recently, the team launched a public testnet of its Ethereum scaling solution, known as Polygon Zero Knowledge Ethereum Virtual Machine (zkEVM), last week.

Meanwhile, DailyCoin reports that Polygon is also offering products outside of PoS, including Supernet, which serves as a fast path platform for building app-specific networks, and Polygon Avail, which functions as a layer of scalable data availability. At press time, the scaling platform offered over 179.2 million unique user addresses, and has processed more than 2.1 billion transactions.

For information, Polygon, formerly known as MATIC Network, is a cross-border scalability solution that provides infrastructure to provide blockchain networks that can be interconnected, according to the Blockchain Council. In addition, Polygon is also known as Ethereum layer-1.

Founded for the first time in October 2017 by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun. The last two names are experienced people as blockchain developers and business consultants.