It’s been just revealed that the Polygon project is seeing massive success these days. Check out the latest reports about the issue below.
Polygon project marks a new achievement
It’s been reported that the price of Polygon (MATIC) is jumping as the project reports a nearly eightfold increase in applications operating on its ecosystem since the beginning of 2022.
Polygon is an Ethereum (ETH) scaling solution and it says more than 53,000 DApps are operating on its ecosystem as of the end of September.
The number is based on data from the Web3 developer platform Alchemy.
“That’s an increase of over 60% since June and almost an eightfold jump from the start of the year. The DApps figure is the cumulative number of applications ever launched on both the mainnet and the testnet and represents a high-water mark of ecosystem activity.”
As the online publication the Daily Hodl notes, Polygon says operational teams working in the network shows a more direct amount of activity compared to the number of DApps. This went up after it partnered with Alchemy in June 2021.
“The number of monthly active teams, the most direct measure of developer activity on the Polygon PoS chain, rose 27% to about 13,700. About 66% of the projects are building solely on Polygon, with the remainder also launching on Ethereum.”
The same notes reveal that a single team can have multiple DApps on the chain, not all of which are consumer-facing, as per the same online publication mentioned above.
MATIC whales have been on the move
Not too long ago, we revealed that some whales were moving gigantic bags of MATIC a week ago, as the crypto markets consolidate.
Back then, it’s been revealed that a wallet transferred 55 million MATIC worth more than $45.3 million to another unknown wallet, according to the crypto-tracking platform Whale Alert. Check out our previous article for more details.