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Polygon (formerly known as Matic Network) is a second layer solution for Ethereum focused on providing a more scalable, faster, and cost-effective platform for smart contracts, decentralized applications (DApps), and non-fungible tokens (NFTs). Next, we will look at how the Polygon blockchain is better than the Ethereum blockchain .
With fast and cheap transactions, extremely high throughput, and rich developer tools, Polygon has become the leading platform for scaling Ethereum-compatible Web3 solutions. So, over the past six months alone, the number of decentralized applications in the Polygon network has grown six times — from 3,000 in October 2021 to 19,000 in May 2022. Moreover, a significant part of these applications are NFT projects such as Uniswap, NFTically, Opensea, Aavegotchi and Decentral Games ICE Poker.
This growth was made possible thanks to the sum of the advantages that Polygon provides for decentralized applications and NFTs:
With fast and cheap transactions, extremely high throughput, and rich developer tools, Polygon has become the leading platform for scaling Ethereum-compatible Web3 solutions. So, over the past six months alone, the number of decentralized applications in the Polygon network has grown six times — from 3,000 in October 2021 to 19,000 in May 2022. Moreover, a significant part of these applications are NFT projects such as Uniswap, NFTically, Opensea, Aavegotchi and Decentral Games ICE Poker.
This growth was made possible thanks to the sum of the advantages that Polygon provides for decentralized applications and NFTs:
- Low transaction fees
- Incredibly fast transactions
- High potential for scaling
- Access to quality infrastructure
- Venture capital and LP
- Access to the PolyBuilders network
- Technical support and assistance
