Polygon Hits 19,000 DApps Milestone, Sixfold Growth in Half a Year
April 26, 2022
Polygon has hit a new adoption milestone with more than 19,000 decentralized applications (dApps) running on the network, a sixfold increase from 3,000 dApps in October, according to data from Alchemy, the world's leading Web3 developer platform.
There are now 8,000 monthly active teams building on Polygon PoS, up from about 6,000 in January and just a few thousand in October. Many projects are choosing to build solely on Polygon. Alchemy data shows that 65% of the teams integrated exclusively on Polygon, compared to 35% deployed on Ethereum. The figures include dApps running on both the testnet and mainnet.
"Developers can spend thousands of hours maintaining backend infrastructure when they could be innovating and building their applications," said Mike Garland, Product Manager at Alchemy. "We work hand-in-hand with the Polygon team to resolve and mitigate network-level incidents, and Alchemy’s platform enables developers to build products on Polygon in ways they couldn’t before."
Developer activity is the leading indicator of user adoption for blockchains and the uptake for Polygon on Alchemy was soon followed by skyrocketing popularity of new applications in decentralized finance (DeFi) and non-fungible tokens (NFTs) on the chain. Polygon PoS processed more than 3.4 billion total transactions, with over 135 million unique user addresses and upwards of $5 billion in assets secured.
“The reliability and scalability of Alchemy’s comprehensive developer platform -- from infrastructure and tooling to enhanced APIs and monitoring systems -- is best in class,” said Sandeep Nailwal, Polygon co-founder. “Alchemy gives Polygon developers the infrastructure they need to grow, evidenced by the unprecedented Polygon transaction volumes, with high throughput and low fees.”
Polygon PoS is home to some of the biggest Web3 projects from DeFI protocols like Aave and Uniswap V3, NFT marketplaces OpenSea and Mark Cuban’s Lazy.com and Web3 gaming efforts including DraftKings, Animoca Brands’ The Sandbox and Decentral Games. That vibrant ecosystem is also one of the reasons enterprises like Adobe, Stripe, Telefonica, and Dolce Gabanna are choosing Polygon as their entrypoint to Web3.
The PoS chain is only one part of Polygon’s suite of solutions that also includes Polygon Edge platform for building custom blockchains from scratch, Polygon Avail scalable data availability layer and a number of zero-knowledge solutions will make network congestion a thing of the past first and then tackle applications around privacy. Last week, the team launched the Supernets offering, giving developers access to plug-and-play custom blockchains secured by the Polygon Network.
Get started here to leverage Polygon's fast and secure transactions for your dApp, and tune into the blog for the latest news from Polygon.
Recall this grade school experience: you raise your hand and ask, “Can I go to the bathroom?” To which your teacher responds with “I don’t know. Can you?” Might seem far fetched, but this is a perfect entry point to understanding the difference between data availability and data storage. Let's bring this analogy close to […]
We all know that Ethereum needs to scale, and we at Polygon believe that zero-knowledge (ZK) tech is the most promising pathway to get there. But that path has often seemed as if it would be long and winding. The conventional wisdom has been that the crypto space would need many years to develop Layer […]
Polygon has made a major first step toward becoming carbon negative with the retirement of $400,000 in carbon credits representing 104,794 tonnes of greenhouse gasses, or the entirety of the network’s CO2 debt since inception. The milestone comes after Polygon in mid-April released its Green Manifesto, part of its broader vision for sustainable development. The […]
If we want the entire world to join Web3, blockchains will need to handle more transactions. Monolithic blockchains can’t scale because they’re asked to perform too many tasks (execution, settlement, and data availability) at once. But if chains were able to focus on just one part of the stack at a time, the entire ecosystem […]
Earlier this year, Polygon announced Plonky2, a zero-knowledge proving system that represents a major breakthrough for ZK tech. Plonky2 offers two main benefits: incredibly fast proofs and extremely efficient recursive proofs. It’s a huge leap forward for the ZK space, and we’ve been blown away by the response from the developer community: people want to […]
Ever wanted to learn how to buy NFTs, or are you looking for a new platform to do it? Then you might want to consider Polygon. Learning about NFTs can be a big jungle, but on Polygon, we make it simple to get started through our beginner-friendly ecosystem. Buy NFTs with low gas fees and […]
More than 37,000 decentralized apps (dApps) have been built on Polygon, according to latest data from Alchemy, the world's leading Web3 development platform. That’s almost double the number in March and a fourfold increase since the start of the year. The number of monthly active teams, the most direct measure of developer activity on the […]