Alchemy Data Shows Explosive Growth of Polygon Developer Ecosystem

We have covered the pace of growth of the Polygon ecosystem with blogs such as  OpenSea, and our Polygon User in Numbers. Today, we will look at the overall growth of the Polygon developer ecosystem. 

Alchemy, a leading blockchain developer platform, is able to take a birdseye view on teams building on a number of blockchains including Polygon. Its data provides us with insights into the level of adoption on Polygon vs other chains. The data for the past month reveals that Polygon is on a growth trajectory.

Polygon may have humble beginnings but it has now taken the crown as the most popular scaling solution within the Ethereum ecosystem. Polygon experienced exponential growth in 2021, and the number of teams using Polygon doubled every two months recently, according to Alchemy. 

At the same time, the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems have soared, increasing demand for Ethereum scaling apps. While DeFi and NFT gas usage have also risen, Ethereum gas fees have actually dropped partly due to projects adopting Polygon as a scaling solution.

Alchemy Data

About 3,000 dApps have been built on Polygon as of October, according to Alchemy. That compares within 30 dApps of the same time last year. These metrics indicate that Polygon is increasingly utilized as a scaling solution within the Ethereum ecosystem. DApps that have already integrated Polygon include Sushi, Aavegotchi, and Arc8.

Of projects that have integrated Polygon, 62 percent of such projects only run on top of Polygon, compared with 38 percent built on both Ethereum and Polygon. The pace of team growth on Polygon is two times higher than that of Ethereum at a comparable time in its history, a sign that teams are increasingly relying on Polygon.

Alchemy Co-founder and CTO Joe Lau said, "we’ve been blown away by the Polygon ecosystem and the quality of its builders so it’s amazing to see just how quickly it’s growing. At Alchemy, we’re proud to power Polygon developers and help make this explosive growth possible."

Alchemy’s Polygon Developer Portal

This past month has been a particularly successful period for Polygon. Month over month usage growth reached 145 percent as of October, and 61 percent more teams are building on Polygon relative to the previous month, according to Alchemy.

Alchemy focused primarily on easing the process of Ethereum development by streamlining the development process with a suite of development tools, APIs, and infrastructure for nodes. Alchemy helps developers with its tools to work on the development part rather than worrying about interfacing.

Accessing Polygon can be easily done through Alchemy’s Polygon Developer Portal. Through Alchemy, Ethereum developers are able to access high-speed, low-cost, and secure infrastructure for their current and future dApps.

Polygon Co-founder Sandeep Nailwal made the following comment:

“Alchemy's tooling and infrastructure platform made developing blockchain easy and it is an essential resource for teams building on Polygon. The latest data shows that developers are taking notice. Having more developers built on Polygon with ease brings us a step closer to achieving our goal of mass adoption."

About Alchemy

Alchemy is the leading blockchain developer platform powering the top Web3 applications and protocols across DeFi, NFTs, and other sectors. Alchemy provides a node infrastructure service, APIs, and developer tools to help teams build decentralized applications using Ethereum, Polygon, Arbitrum, Optimism, Flow, and other blockchains. Customers include OpenSea, SushiSwap, Axie Infinity, and 70% of the top projects in the industry that have used Alchemy to complete over $30 billion in on-chain transactions and reach millions of consumers worldwide. 

Be a part of our social ecosystem!

Website | Twitter | Ecosystem TwitterDeveloper Twitter | Enterprise Twitter | Studios Twitter | Telegram |Reddit | DiscordInstagram | Facebook | LinkedIn

More from the Polygon Blog
Polygon Announces Polygon Miden - A STARK-Based, Ethereum-Compatible Rollup

TL;DR: We are excited to announce the newest member of the Polygon solution suite - Polygon Miden, an upcoming STARK-based, EVM-compatible rollup. The project is led by Bobbin Threadbare, former Facebook’s core ZK researcher who led the development of Winterfell. Today we are releasing Polygon Miden’s core component - Miden VM, the first open-source STARK-based […]

Read More
Why Web3 Developers Are Choosing Polygon Over Other Solutions 

When it comes to deploying on Ethereum, there is only one place that lets developers easily migrate their projects, offers a broad range of scaling options and has some of the industry’s lowest transaction rates. These are just some of the reasons why the number of teams using Polygon jumped 100-fold in the past year. […]

Read More
EY and Polygon to co-develop Ethereum scaling solutions for enterprises and launch Polygon Nightfall - a privacy-focused Rollup

EY, a global professional services and technology firm, is collaborating with Polygon on building and implementing scaling and enterprise solutions for the Ethereum ecosystem. As part of this collaboration, EY and Polygon will work on Polygon Nightfall, a public, privacy-focused Rollup. In addition to this, EY will offer its other flagship blockchain products on Polygon […]

Read More
What's new in matic.js v3

Matic.js is an open-source javascript library for interacting with the Polygon bridge. It provides APIs for deposits, withdrawals, transfers, etc. The latest version v3 is an all-in-all improvement over its predecessor, which was used in multiple applications. The newest iteration was developed after analyzing and understanding several improvements, feedback, and issues sourced from our community. […]

Read More
Bringing Blockchain to real use cases: Next 2 Billion users

Polygon will be at Blockchance to present findings from its month-long Africa tour about the state of blockchain on the continent.  Polygon Hermez undertook the journey with the support of the Ethereum foundation and found a booming and vibrant blockchain community. On Dec. 4, Polygon’s Enterprise Lead Antoni Martin will present our insights from the […]

Read More
Wintermute Announces $20M Fund To Bootstrap Polygon Dapp Development

The first funded project is Router Protocol, a crosschain messaging protocol that aims to build infrastructure enabling seamless communication between various blockchains. Wintermute, a leading digital asset market maker, and Polygon, an Ethereum scaling platform onboarding millions to the Web3, have today announced a strategic partnership to grow the Polygon ecosystem. Wintermute is launching a […]

Read More