Polygon Blockchain Records Exponential Rise in Users April 27, 2023 April 27, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsApril 27, 2023 by Kelly Cromley

Polygon Blockchain Records Exponential Rise in Users

The number of people using the blockchain network platform Polygon surged by an astonishing 17,000% in only 30 days. The research states that the success of games like BoomLand’s Hunters On-Chain and Polygon’s zero-knowledge rollup, as well as collaborations with major corporations on NFT programs and projects, are to thank for this expansion.

Polygon is now the second biggest platform, surpassing Hive and BNB Chain, according to DappRadar’s latest Blockchain Games Report. There was a 53% rise in UAWs from February to March, with Polygon reporting 138,081 UAWs in March. The WAX platform has 314,008 UAWs, making it the only one with more than Polygon. Polygon’s native cryptocurrency, MATIC, is worth $10 billion as now.

According to DappRadar, in the first quarter of 2018, the most popular on-chain applications on Polygon were Planet IX, a play-to-earn NFT strategy game, and Hunters On-Chain. Over 400 million NFTs have been sold, and there are now over 550,000 users on Planet IX. The game’s bleak storyline is an attempt to get people thinking about the damage they’re doing to the earth right now.

According to AFKGaming, Hunters On-Chain is a free-to-play role-playing game (RPG) on the web3 version of the smash-hit mobile game Hunt Royale. The game has shot up the charts as one of the most popular blockchain games since its test-net release a month ago.

Hunters On-Chain and ‘Iskra’ have had a monthly rise in on-chain use of 15,497% since the 31st of March NFT auction, according to data compiled by DappRadar.
According to the DappRadar study, Polygon’s UAWs increased as a result of its partnerships with prominent brands on NFT efforts and projects including Adidas, Adobe, Reddit, Starbucks, and Warner Music.

The zero-knowledge rollup used by Polygon is another factor in the platform’s growth, since it allows for instant transactions without the high gas costs associated with traditional blockchains. Because of this, the platform is now more appealing to programmers and consumers alike. Polygon also has an open-source zero-knowledge rollup that is compatible with the Ethereum Virtual Machine, and it was launched in March.

It allows decentralized applications to grow by pooling their transactions to improve efficiency and lower their gas costs on the network. Decrypt.co reports that the early access versions of NFL Rivals, a mobile game licensed by the National Football League (NFL) and containing non-fungible tokens (NFTs), are now available for download through the Apple iOS App Store and the Google Play Store.

In this fantasy football game, players take on the role of general managers (GMs) and compete against other teams by implementing their own tactics. Users of Mythical Games’ NFL Rivals may purchase, sell, and trade in-game NFL players with NFTs on the game’s online marketplace, despite the game’s free-to-play nature.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.