Ethereum Scaling Altcoin Jumps As Ecosystem Sees 8x Spike in New Projects Built Year-to-Date

Polygon (MATIC) prices have skyrocketed as the project reports an almost 8x increase in applications working in its ecosystem since the beginning of the year.

Polygon, Ethereum (ETH) Scaling Solution, To tell Based on data from Web3 developer platform Alchemy, there were over 53,000 decentralized applications (DApps) operating in its ecosystem as of the end of September.

“This is an increase of over 60% since June, and has jumped almost eightfold since the beginning of the year. It represents the high water mark for ecosystem activity.”

Polygon’s price is on an upward trend, up 15% last week from $0.73 to $0.84. Polygon, with a market cap of $6.4 billion, remains at $0.84 at the time of writing.

According to Polygon, the operations team working on the Polygon network has shown more direct activity compared to the number of DApps that surged after partnering with Alchemy in June 2021.

“The number of monthly active teams, which is the most direct measure of developer activity on the Polygon PoS chain, increased by 27% to about 13,700. has also launched on Ethereum, where one team can have multiple DApps on the chain, not all of which are consumer facing.

Polygon Adoption in Alchemy Surges Popularity of New Decentralized Finance [DeFi] Application and non-fungible tokens [NFTs] to the chain. With over 174.9 million unique user addresses and his $5 billion worth of assets protected by Polygon PoS, he has processed over 2.1 billion transactions to date. “

Adding to Polygon’s popularity, coffee giant Starbucks recently partnered with Polygon to give loyalty program customers the opportunity to purchase and earn collectible NFT stamps as part of a Web3 program called Starbucks Odyssey. .

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