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Home»Blockchain»Home to 1.5 million active users and growing
Blockchain

Home to 1.5 million active users and growing

2024-08-19No Comments2 Mins Read
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Polygon PoS, the original gangsta (OG) blockchain, has solidified its position as the cornerstone of mainstream crypto adoption as it has achieved more than 1.5 million active wallets and 318 million transactions to date.

What else? RWA is coming, and that doesn’t just mean tradfi.https://t.co/z73hDJCp0z@courtyard_io brings the digital collectibles market onchain (cough cough – also built on Polygon PoS)

Tokenized Pokémon cards lead the way, with over *10 million* weekly bids and…

— Polygon | Aggregated (@0xPolygon) August 16, 2024

Polygon PoS has been a pioneer in the world of decentralized finance (DeFi), with years of proven foundations, scalability improvements, fee reductions, and early adoption of Account Abstraction standards. This robust infrastructure has made Polygon PoS the go-to platform for developers looking to create easy-to-use decentralized applications (DApps). The result? An increase in adoption and the emergence of breakout applications that could define the future of the blockchain industry.

Breakout apps are leading the way

One such app is Polymarket, which has become a highlight of the current cycle. With over 6.4 million total bets and a whopping $1.25 billion in volume, Polymarket has caught the attention of none other than Ethereum co-founder Vitalik Buterin, who praised it as one of the most important social epistemic technologies of the decade . And where is Polymarket built? On Polygon PoS of course.

But the innovation doesn’t stop there. Courtyard.io is bringing the digital collectibles market onto the chain, with tokenized Pokémon cards leading the way. The platform has seen more than 10 million weekly bid and offer events for six consecutive weeks, all thanks to the power of Polygon PoS.

See also  There are more software developers than Web3 engineers (30 million to 30 thousand)! Coinbase wants to solve that...

Polygon PoS’s reach is expanding even further as Reddit adopts its technology. Launched in 2022, Reddit’s collector avatars have attracted nearly 34 million collectors, all on Polygon PoS.

As Polygon continues to expand, Real-World Assets (RWA) is the next frontier, looking to revolutionize more than just traditional finance (tradfi). The platform is poised to integrate these real-world assets, creating new opportunities for both users and developers. All these users and DApps will be connected via AggLayer*, a unified layer that promises to improve user experience and liquidity across the Polygon ecosystem and beyond. This move signifies Polygon PoS’s commitment to advancing a seamless, interconnected blockchain environment.

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