According to reports, Polygon has reached a new adoption milestone, with over 19,000 decentralized applications (dApps) running on it as of April 26, 2022, according to a report from Alchemy.
Decentralized applications (dApps) are programs that run on a blockchain network or a peer-to-peer (P2P) network of computers rather than a single computer. Dapps, in general, exist outside of the purview of a single authority and are free of its control and interference. On April 22, 2016, the first decentralized application on the Ethereum blockchain was released. These applications are essential in protecting users’ privacy, are flexible to develop, and, most importantly, are robust because they do not require a central server’s connectivity.
Polygon is well-known for the features it develops and offers in the crypto world that help users of its network and other networks solve problems. Their numerous achievements can be linked to their innovative nature.
According to data show released by Alchemy, the world’s leading Web3 developer platform, as of October 2021, the total number of dApp built on the polygon network was slightly more than 3000, shortly after the number claimed up to 7,000 plus as of January 2022, which is two times higher.
The rapid adoption of the Polygon network by developers to build various projects continues to rise, and it does not appear to be slowing anytime soon, as Polygon has reached an incredible high milestone, with over 19,000 decentralized applications running on the network, six times the number of dApps running on the platform as of October 2021 to an Alchemy report.
On April 26, 2022, Polygon announced this achievement via their official Twitter handle:
Why do developers prefer to build projects on the Polygon network?
Approximately 8,000 monthly active teams are currently building on Polygon proof-of-stake. In comparison to the Ethereum blockchain, which gave birth to Decentralized application support, data from Alchemy analysts revealed that many projects are built solely on Polygon, with 65 percent of the team integrated solely on Polygon compared to Ethereum, which has only 35 percent of the share.
Basically, the migration from the Ethereum blockchain to the Polygons network was primarily prompted by the ever-increasing Ethereum gas fee, which was a significant source of concern for many projects built on the Ethereum blockchain. The rapidly growing popularity of decentralized applications in decentralized finance (DeFi) and non-fungible tokens (NFTs) caused congestion and an increase in gas fees on the Ethereum blockchain in 2021.
The increase significantly shifted project developers’ activities to the Polygon network due to its high throughput and substantially lower gas fee when compared to the Ethereum network.
Furthermore, the use of the Polygon network allows developers to be more innovative than when building on the Ethereum network. “Developers can spend thousands of hours maintaining backend infrastructure when they could be innovating and building their applications,” says Mike Garland, Product Manager at Alchemy.
This recent accomplishment coincided with the launch of the Polygon supernets and a $100 million ecosystem support fund on Friday, April 22, 2022.
