Hola readers! In the past week, Rarible added support for Polygon NFTs, Universe Finance’s lending and leveraged vaults are launching on Polygon, and Hypernet is now #poweredbyPolygon.
Let’s dive in.
Daily active addresses increased for the third consecutive week, breaking the 400k milestone for the 5th time. Many DeFi dApps are seeing huge week over week movements, including QuickSwap (60k, +13%), KyberSwap (34k, +99%) SushiSwap (13k, +10%), UniSwap v3 (11k, +39%) among many others.
Gas Fee saved by using Polygon: $29 Million daily($10 per Txn)
For in-depth weekly analysis threads, view our Analytics resources on GitHub.
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 […]