More than 37,000 decentralized apps (dApps) have been built on Polygon, according to latest data from Alchemy, the world’s leading Web3 development platform. That’s almost double the number in March and a fourfold increase since the start of the year.
The number of monthly active teams, the most direct measure of developer activity on the Polygon PoS chain, clocked over 11,800 at the end of July, up from just over 8,000 in March. Many projects are increasingly choosing to build solely on Polygon. Alchemy data shows that 74% of teams integrated exclusively on Polygon, while 26% deployed on both Polygon and Ethereum. A single team can have multiple dApps on the chain.
* The dApps figure represents the cumulative number of applications ever launched on the chain and includes dApps on both the testnet and the mainnet.
The adoption of Polygon on Alchemy led to a surge in the popularity of new decentralized finance (DeFi) applications and non-fungible tokens (NFTs) on the chain. With over 142 million unique user addresses and $5 billion in assets secured, Polygon PoS has processed more than 1.6 billion transactions till date.
Polygon PoS serves as a hub for some of the most important Web3 projects, including Aave, Uniswap V3, and OpenSea, as well as the Lazy.com and Mark Cuban-founded Lazy.com. Polygon’s thriving ecosystem is one of the reasons why companies such as Meta, Adobe, Stripe, Telefonica, and Dolce Gabbana have chosen Polygon as their default gateway to Web3.
The PoS chain is only one part of Polygon’s suite of products that also includes Polygon Supernets, a fast-track for building application-specific chains, Polygon Avail scalable data availability layer and a number of zero-knowledge projects that will make network congestion a thing of the past. Last month, the team unveiled the ultimate Ethereum scaling solution — a fully EVM-equivalent zkEVM.