The crypto market is still in winter but there are other areas of the sector that have seen steady growth. One of them being the Polygon Network’s operational teams.
The total number of active team members for the network was around 8,080 as of March 2013. Recent data indicates that there are currently around 11,800 active monthly teams in the network, as per the most recent statistics.
The DApps on Polygon (the Ethereum scaling platform) has reached a new peak. According to recent data, there are now 37,000 decentralized apps on the blockchain. This number projects an increase of 400% from the start of this year.
This information was revealed by the blockchain team in a blog posting on Wednesday. Sources claim that this information was obtained from Alchemy Web3 Development Company. It provides data on how many applications have been launched by the blockchain over the testnet and mainnet.
We’re having quite a year at @0xPolygon
💻In November there were 500 dApps, 37,000+ users and 11.8k teams.
“Many projects are increasingly choosing to build solely on Polygon. Alchemy data shows that 74% of teams integrated exclusively on Polygon”https://t.co/ERiLHJiVdh pic.twitter.com/UzKZPlazWD
— Ryan Wyatt (@Fwiz) August 11, 2022
According to this information, there have been 11,800 active teams using the blockchain. The figure represents a 47.5% rise in active teams over the past four weeks since the beginning of July.
Polygon DApps: Reports
According to reports from the project team, there was an interruption in decentralized applications. The polygon blockchain had 74% integration. The 26% of those who were deployed to the Ethereum and blockchain was the opposite.
The proof-of-stake Blockchain is also known for hosting many decentralized applications.
Decentraland and The Sandbox of Metaverse are just a few of these projects. Aave and Animoca Brands are two other examples.
Reports indicate that blockchain performs its hosting tasks using its EVM, or Ethereum Virtual Machine.
Furthermore, more than 142 million addresses have been attached to decentralized applications on the Polygon Blockchain. The blog post also contains more information.
The post states that these user addresses can contain assets worth up to $5Billion. Additionaly, the network has already processed approximately 1.6 million transactions.
Ryan Wyatt (CEO of Polygon) has spoken out about his enthusiasm for the company’s growth. In a post on Twitter, he said that Polygon’s team has had a very good year.
Polygon’s team revealed the main reason for the rise in decentralized apps earlier this year. Their partnership with Alchemy, a web3 platform for development, was the key to the success of the DApps.
Additionally, the Polygon developers were able to develop decentralized applications because of the partnership.
Featured image by Forbes. Chart from TradingView.com