The amount of decentralized applications (DApps) on Ethereum-scaling-platform Polygon has capped 37,000, marking a 400% increase since the beginning of 2022.
The Polygon team shared the figures with an August. 10 blog publish, that was sourced from partnered Web3 development platform Alchemy, noting the figure represents the cumulative quantity of applications ever launched on the testnet and mainnet.
Additionally, it noted that the amount of monthly active teams — a stride of developer activity on the blockchain — arrived at 11,800 in the finish of This summer, up an astonishing 47.5% from March.
The work team also highlighted a failure of dApp projects which particularly demonstrated that “74% of teams integrated solely on Polygon, while 26% deployed on Polygon and Ethereum.”
Polygon’s EVM compatible Proof-of-stake (PoS) blockchain hosts dApps from the lengthy listing of prominent projects and types within the crypto space, for example NFT marketplace OpenSea, Metaverse platforms Decentraland and The Sandbox, decentralized finance (DeFi) lending platform Aave, and NFT venture fund/gaming firm Animoca Brands.
Your blog publish mentioned dApp usage on Polygon has witnessed greater than “142 million unique user addresses and $5 billion in assets secured” with around 1.6 billion transactions processed around the network up to now.
Polygon Chief executive officer Ryan Wyatt was clearly happy with the development, because he required to Twitter to notice that “we are getting a significant year at Polygon.”
We’re getting a significant year at @0xPolygon
~500 dApps in November, now 37,000+ with 11.8k active teams.
“Many projects are more and more selecting to construct exclusively on Polygon. Alchemy data implies that 74% of teams integrated solely on Polygon”https://t.co/ERiLHJiVdh pic.twitter.com/UzKZPlazWD
— Ryan Wyatt (@Fwiz) August 11, 2022
Captured, the Polygon team reported its partnership with Alchemy like a key driver behind the surging quantity of dApps being built around the network, because the Web3 platform’s infrastructure causes it to be “significantly simpler for Polygon developers” to construct dApps.
“Polygon’s partnership with Alchemy in June 2021 demonstrated to become an adoption catalyst, delivering the amount of dApps running around the network to three,000 in October, 7,000 in The month of january, and also over 19,000 by April,” the publish read.
Related: Ethereum will outpace Visa with zkEVM Rollups, states Polygon co-founder
The publish highlighted Alchemy’s platform tooling, Web3 and dApp infrastructure for example application programming interfaces (APIs) as well as Alchemy working “hand-in-hands with Polygon to solve and mitigate network-level occurrences once they occur.”
Using the crypto markets showing indications of a potentially bullish recovery recently, Polygon’s native asset MATIC has pumped a substantial 66.3% previously month to sit down at $.92 during the time of writing, based on CoinGecko. Its market cap of $6.9 billion makes MATIC the sixteenth largest asset in crypto.
