Alchemy, a leading blockchain developer platform, is able to take a birdseye view on teams building on a number of blockchains including Polygon. Its data provides us with insights into the level of adoption on Polygon vs other chains. The data for the past month reveals that Polygon is on a growth trajectory.
Polygon may have humble beginnings but it has now taken the crown as the most popular scaling solution within the Ethereum ecosystem. Polygon experienced exponential growth in 2021, and the number of teams using Polygon doubled every two months recently, according to Alchemy.
At the same time, the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems have soared, increasing demand for Ethereum scaling apps. While DeFi and NFT gas usage have also risen, Ethereum gas fees have actually dropped partly due to projects adopting Polygon as a scaling solution.
About 3,000 dApps have been built on Polygon as of October, according to Alchemy. That compares within 30 dApps of the same time last year. These metrics indicate that Polygon is increasingly utilized as a scaling solution within the Ethereum ecosystem. DApps that have already integrated Polygon include Sushi, Aavegotchi, and Arc8.
Of projects that have integrated Polygon, 62 percent of such projects only run on top of Polygon, compared with 38 percent built on both Ethereum and Polygon. The pace of team growth on Polygon is two times higher than that of Ethereum at a comparable time in its history, a sign that teams are increasingly relying on Polygon.
Alchemy Co-founder and CTO Joe Lau said, “we’ve been blown away by the Polygon ecosystem and the quality of its builders so it’s amazing to see just how quickly it’s growing. At Alchemy, we’re proud to power Polygon developers and help make this explosive growth possible.”
Alchemy’s Polygon Developer Portal
This past month has been a particularly successful period for Polygon. Month over month usage growth reached 145 percent as of October, and 61 percent more teams are building on Polygon relative to the previous month, according to Alchemy.
Alchemy focused primarily on easing the process of Ethereum development by streamlining the development process with a suite of development tools, APIs, and infrastructure for nodes. Alchemy helps developers with its tools to work on the development part rather than worrying about interfacing.
Accessing Polygon can be easily done through Alchemy’s Polygon Developer Portal. Through Alchemy, Ethereum developers are able to access high-speed, low-cost, and secure infrastructure for their current and future dApps.
Polygon Co-founder Sandeep Nailwal made the following comment:
“Alchemy’s tooling and infrastructure platform made developing blockchain easy and it is an essential resource for teams building on Polygon. The latest data shows that developers are taking notice. Having more developers built on Polygon with ease brings us a step closer to achieving our goal of mass adoption.”
Alchemy is the leading blockchain developer platform powering the top Web3 applications and protocols across DeFi, NFTs, and other sectors. Alchemy provides a node infrastructure service, APIs, and developer tools to help teams build decentralized applications using Ethereum, Polygon, Arbitrum, Optimism, Flow, and other blockchains. Customers include OpenSea, SushiSwap, Axie Infinity, and 70% of the top projects in the industry that have used Alchemy to complete over $30 billion in on-chain transactions and reach millions of consumers worldwide.