polygonAccording to the latest data, it has managed to be the most popular blockchain so far in 2023. Data compiled by NFT Tech by Ryan Wyatt, president of Polygon Labs. shared.
We’ve made significant strides at @0xPolygonLabs as shown in this chart.
NEWS CONTINUES BELOWYet, the road ahead this year is the most exciting as we’re focused on:
🚀Long-term protocol strategies
NEWS CONTINUES BELOW🤝Empowering every developer in our community
🔄Enabling flywheels in potential PMF areas pic.twitter.com/cVVb8bShMr
NEWS CONTINUES BELOW— Ryan Wyatt (@Fwiz) May 17, 2023
Sharing the data, Wyatt stated that the altcoin team is focused on long-term protocol strategies with a vision to empower every developer in their community. The data shows that Ethereum was dethroned by Polygon in 2022 due to its popularity, liquidity and high active users, leading to its popularity.
Koinfinans.com As we have reported, the latest data now reveals that the situation is turning in favor of Polygon. The graph shows Polygon’s popularity increasing from 23% in 2022 to 41% in Q1 2023. This situation has also attracted some important industry players such as Nike, Reddit and Starbucks.
NFT Tech data shows that Immutable X, following Polygon’s popularity, has been followed by Palm et al.
Altcoins it is also witnessing growth and an increase in transaction volume on Polygon zkEVM reaching all-time highs. The data shows a 70% increase in total value locked in (TVL), the biggest weekly jump since launch. May 14 also saw a single-day record for highest successful trading volume: 13K+.
Another interesting thing to note is that while transaction fees on other blockchains, including Bitcoin, skyrocketed amid the meme coin craze, Polygon fees have fallen even during peak activity. In addition, positive trading data also caused the price of MATIC to increase by 2.8% in the last 24 hours. MATIC is trading at $0.8784 at the time of writing.