- Polygon emerges as the most well-liked blockchain in 2023.
- NFT Tech knowledge reveals that Polygon has nearly doubled in reputation since 2022.
- Polygon additionally dethroned Ethereum, which in 2022. took first place.
In line with the most recent knowledge, Polygon has turn into the most well-liked blockchain in 2023 to this point. The information, curated by NFT Tech, was shared by Ryan Wyatt, president of Polygon Labs.
Whereas sharing the info, Wyatt acknowledged that the Polygon staff is concentrated on long-term methods for the protocol, with a imaginative and prescient of empowering each developer in its group. Information reveals that Ethereum, which has seen reputation, liquidity and energetic customers take off in 2022, has been dethroned by Polygon.
The most recent knowledge now reveals that the tide has turned in Polygon’s favor. The graph reveals that Polygon’s reputation has elevated from 23% in 2022. to 41% in 2023 within the first quarter. It has additionally attracted some notable trade gamers, together with Nike, Reddit and Starbucks.
Information from NFT Tech reveals that Polygon is trailing Immutable X in reputation, adopted by Palm and others.
Polygon can also be seeing progress and a bounce in transaction quantity for Polygon zkEVM, which has reached all-time highs. The knowledge reveals a 70% enhance in Complete Worth Locked (TVL), the largest bounce in per week since launch. Might 14 the file of the biggest profitable transactions in sooner or later was additionally recorded: 13 thousand.
One other attention-grabbing factor to notice is that whereas transaction charges on different blockchains, together with Bitcoin, have skyrocketed through the meme coin frenzy, Polygon’s charges have dropped even throughout peak exercise. Moreover, optimistic buying and selling knowledge has pushed MATIC up 2.8% within the final 24 hours. MATIC is buying and selling at $0.8784 at press time, in keeping with CoinMarketCap.
