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According to data from Alchemy, the world's biggest Web3 developer platform, Polygon has reached a major adoption milestone, with more than 19,000 decentralized apps (dApps) operating on the network, up from 3,000 dApps in October.

The Polygon Network keeps getting better and here's why!

According to data from Alchemy, the world's biggest Web3 developer platform, Polygon has reached a major adoption milestone, with more than 19,000 decentralized apps (dApps) operating on the network, up from 3,000 dApps in October.

Polygon PoS now has 8,000 monthly active teams, up from around 6,000 in January and just a few thousand in October. Many projects are opting to use Polygon exclusively. According to Alchemy statistics, 65 percent of the teams used Polygon entirely, while only 35 percent used Ethereum. The statistics include dApps on both the testnet and the 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."

The traction of Polygon on Alchemy was quickly followed by increasing popularity of new applications in decentralized finance (DeFi) and non-fungible tokens (NFTs) on the chain, indicating that developer activity is a leading predictor of user adoption for blockchains. Polygon PoS handled over 3.4 billion transactions in total, with over 135 million unique user addresses and more than $5 billion in assets safeguarded.

“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 most well-known Web3 initiatives, including DeFI protocols such as Aave and Uniswap V3, NFT markets such as OpenSea and Mark Cuban's Lazy.com, and Web3 game endeavors such as DraftKings, Animoca Brands' The Sandbox, and Decentral Games. One of the reasons companies like Adobe, Stripe, Telefonica, and Dolce Gabanna have chosen Polygon as their Web3 entry point is because of its thriving ecosystem.

Polygon's suite of products includes the Polygon Edge platform for creating unique blockchains from scratch, as well as Polygon's PoS chain. First, a scalable data availability layer and a number of zero-knowledge solutions will eliminate network congestion, and then applications related to privacy will be addressed. The Supernets product was released mid april, allowing developers access to plug-and-play custom blockchains secured by the Polygon Network.

We think the growth of Polygon has not yet reached the peak it deserves, as ongoing development teams keep adopting this chain every day.

Written By

Petrache Ionut

May 30, 2022