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Polygon announced on September 5 that Senken had joined its staff. Users can purchase, exchange, and retire tokenized carbon credits on Senken, an on-chain carbon credit market.

Polygon Surpasses Ethereum in Transactions!

Following a number of recent network-wide changes, polygon maximalists have been enjoying themselves as MATIC surpassed 2 billion lifetime transactions. This is significant news for Polygon, one of the best scaling options for Ethereum.

Compared to Polygon's most recent milestone, Ethereum has been able to accomplish more than 1.5 billion transactions since its creation.

This gives Polygon the advantage over Ethereum, whose scalability is predicted to rise following the Merge release.

In August, NFTs sales volume on Polygon hit a $100 million monthly record.

Since its previous peak performance in February 2022, Polygon has not been able to break through the $50 million barrier. The largest NFT exchange, OpenSea, recently made it possible for users to list and purchase native tokens on Polygon.

Polygon announced on September 5 that Senken had joined its staff. Users can purchase, exchange, and retire tokenized carbon credits on Senken, an on-chain carbon credit market.

These are produced by the Polygon-based on-chain carbon infrastructure and services.

MATIC is selling at $0.76 at the moment after falling from its August $1 peak. CoinMarketCap reports that Polygon's governance token increased by almost 2% over the last day, adding to the 5.2% increase over the previous week.

This puts Polygon in a good position to gain from the Merge since Polygon will also profit from Ethereum's growing scalability.

However, a significant danger to Polygon's expansion will come from the emergence of L2 scaling solutions like Arbitrum and Optimism. There is widespread speculation that the L2 season, which will be led by these two procedures, is about to begin.

Written By

Petrache Ionut

Sep 24, 2022