The Rise of Polygon: How It Became the Second Largest Gaming Blockchain of March
Cryptocurrencies and blockchain technology have been gaining massive popularity worldwide over the past few years. The video gaming industry, in particular, has seen a tremendous influx of blockchain-based games. In the world of blockchain and gaming, Polygon has gained a significant following, and in March 2021, it became the second-largest gaming blockchain.
Understanding Polygon Network
Formerly known as Matic Network, the Polygon Network is an open-source platform launched in 2017. It is a Layer 2 scaling solution for Ethereum, primarily designed to improve scalability and reduce transaction time and fees. The network aims to provide a faster, more efficient, and user-friendly infrastructure for decentralized applications (dApps) and blockchain gaming on the Ethereum blockchain. Polygon achieves this by using a modular framework called Plasma, which allows developers to build and deploy customizable dApps and games.
The Emergence of Polygon Games
As the gaming industry has advanced, blockchain technology has become even more essential. Polygon has become a key player in the blockchain gaming industry, thanks to the ease with which game developers can deploy games on the network. Some blockchain games are already available on the Polygon network, such as the popular game, Aavegotchi. Polygon’s growing popularity has been due to its interoperability with other blockchains, such as Ethereum, and its ease of integrating various blockchain technologies.
Polygon’s Recent Milestones
Polygon’s growth has been exceptional, and in March 2021, it reached another significant milestone. According to data from DappRadar, a website that tracks the use of dApps and games on different blockchain networks, Polygon became the second-largest gaming blockchain. Polygon’s daily active users (DAU) surged from roughly 20,000 to 88,000, making it the fastest-growing network. The explosive growth was attributed to the growing demand for decentralized games, and the network’s incredible speed and easy-to-use infrastructure.
Why is Polygon Gaining Popularity Among Gamers?
The surge in the number of gamers on Polygon’s network is due to several reasons. One reason is the network’s ability to offer fast transaction times and significantly lower fees because of Ethereum’s high gas fees. Polygon’s user-friendly environment has also contributed to its popularity among gamers. Setting up an account on the Polygon network is relatively simple and can be done in a few minutes. Furthermore, Polygon’s ability to interoperate with other networks such as Ethereum provides gamers with more options to select from.
In conclusion, the rise of Polygon is a testament to the growing demand for blockchain technology in the gaming industry. Its ability to provide a faster, more efficient infrastructure for dApps and blockchain gaming is second to none. As more developers seek to integrate blockchain technology in gaming, Polygon looks set to continue its upward trajectory. The network’s recent milestone is only the beginning of what looks like an exciting journey ahead.
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Summary: Polygon’s ease of use, interoperability, and efficient infrastructure have made it popular among gaming enthusiasts, and as a result, it became the second-largest gaming blockchain in March 2021. Its growth is attributed to the demand for decentralized games and its ability to offer faster transaction times and lower fees. Polygon’s recent milestone is a step towards becoming a key player in the gaming industry. #BUSINESS