- DApps on Polygon has topped 37,000, an increase of 400%.
- End of July DApps activity rose 47.5% from March.
Decentralized applications (DApps) on Polygon, an Ethereum scaling platform, have surpassed 37,000, a 400% rise since the year 2022 began. The amount of applications that have ever been launched on both the testnet and mainnet is what the Polygon team revealed in a blog post on August 10 that was sourced from a Web3 development platform partner, Alchemy.
We’re having quite a year at @0xPolygon— Ryan Wyatt (@Fwiz) August 11, 2022
💻 ~500 dApps in November, now 37,000+ with 11.8k active teams.
“Many projects are increasingly choosing to build solely on Polygon. Alchemy data shows that 74% of teams integrated exclusively on Polygon”https://t.co/ERiLHJiVdh pic.twitter.com/UzKZPlazWD
DApps Growth on Polygon
It also mentioned that at the end of July, there were 11,800 monthly active teams, up a staggering 47.5% from March, which is a gauge of developer engagement on a blockchain. A split of DApp projects was also emphasized by the project team, and it was notable that 74% of companies integrated completely on Polygon, whereas 26% deployed on both Polygon and Ethereum.
A long list of well-known cryptocurrency projects and companies, including the NFT marketplace OpenSea, the Metaverse platforms Decentraland and The Sandbox, the decentralized finance (DeFi) lending platform Aave, and the NFT venture fund/gaming company Animoca Brands, host DApps on Polygon’s EVM compatible Proof-of-stake (PoS) blockchain.
The Alchemy partnership, which makes it much easier for Polygon developers to construct DApps, was noted by the Polygon team earlier this year as a major factor in the network’s growing number of DApps.
According to CMC, at the time of writing, Polygon (MATIC) traded $0.9377 with a 24 hour trading volume of $529,009,669. MATIC has increased 5.17% in the past 24 hours and had a market cap of $7,535,128,975.