The number of decentralized apps (DApps) on Polygon’s platform recently surpassed 37,000. That number means a 400% increase in the span of only one year.
The numbers were released by the Polygon team in a blog post on Wednesday on a report from Alchemy, a Web3 development platform that is associated with Polygon.
The company noted that the statistic reflects the total number of apps that have ever been created on both the testnet and mainnet.
Polygon’s release also stated that by end of July, there were 11,800 monthly active teams, up a staggering 47.5% from March.
According to Alchemy statistics, 26% of teams operated on both Polygon and Ethereum, while 74% of teams integrated purely on Polygon.
Polygon’s blockchain hosts DApps from several different kinds of projects and brands in the crypto space like Metaverse platforms “Decentraland” and “The Sandbox”, nonfungible token marketplace “OpenSea”, lending platform Aave and NFT venture fund/gaming firm Animoca Brands.
Polygon also stated that DApp’s use on its decentralized blockchain platform has seen over 142 million unique users and over $5 billion in assets secured.
Polygon Studios CEO, Ryan Watt also celebrated his company’s milestone on Twitter.
“We’re having quite a year at Polygon,” Watt said in a Twitter post. “[about] 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”
In the midst of a “Crypto Winter”, Polygon is one of the fastest growing blockchains in the market.
The platform which runs on an Ethereum-compatible blockchain has been the home of some large projects in the recent past.
The network’s Proof-of-Stake solution hosts some of the biggest Web3 projects today, like Aave, Uniswap V3, and OpenSea, as well as Mark Cuban‘s own “Lazy.com”.
The PoS chain is just one of a number of products offered by Polygon. The blockchain also produces Polygon Supernets, a fast track for developing chains tailored to particular applications, Polygon Avail, a scalable data availability layer, and a number of zero-knowledge initiatives that will eliminate network congestion. The group released the ideal Ethereum scaling solution last month.
In under 5 years of its creation, MATIC is today the 12th biggest cryptocurrency by market capitalization, and Polygon’s blockchain is quickly asserting itself as one of the largest blockchain companies in the world.
Polygon’s Place in The Gaming Industry
Polygon is also one of the leading industries in web3 gaming.
Web 2.0 partners of Polygon include Draft Kings, Facebook, and Stripe. They also have certain upcoming deals that they can’t yet reveal. Major studios were among its clients. EA, Riot Games, or Activision are a few examples. Just a few examples.
However, they are primarily concerned with Web 3.0, which is the future. For instance, they collaborated with programmers from Animoca Brands, Decentraland, and The Sandbox. These are a portion of the three most popular Web 3.0 metaverses and games right now.