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Ethereum is the preferred blockchain for good contract and decentralized utility (dapp) growth. Nevertheless, it’s extensively identified that Ethereum faces vital scalability challenges, making it costly to make use of the community. Happily, that is the place scaling options like Polygon (beforehand often called MATIC Community) enter the equation. Polygon possesses superior options to that of Ethereum, and due to this, the Polygon ecosystem has grown exponentially, attracting customers and devs alike. However what precisely is Polygon, and what are among the hottest dapps on the community? For the solutions to those questions, be part of us on this information as we discover the intricacies of the Polygon ecosystem!
Overview
We’ll begin at this time’s article by diving straight into the Polygon ecosystem. We’ll clarify what Polygon is, the way it works, and canopy among the advantages of this community. From there, we are going to discover among the most vital dapps on Polygon, corresponding to QuickSwap, Aave, Tangible, and lots of others. Lastly, to high issues off, we’ll dive into Polygon growth, the place we’ll introduce you to Moralis – the {industry}’s main Web3 API supplier!
With Moralis’ dynamic Polygon API suite, you’ll discover the instruments you want to construct every little thing from cryptocurrency wallets like MetaMask to dam explorers like PolygonScan. Due to the accessibility of our APIs, you may seamlessly combine on-chain knowledge and Web3 performance into your dapps with single traces of code. Because of this, you may construct tasks quicker and extra effectively.
Are you conscious that you could entry all our industry-leading Web3 APIs free of charge? So, for those who haven’t already, ensure to enroll with Moralis instantly! By signing up, you can begin utilizing the complete energy of blockchain expertise at this time!
Now, with out additional ado, let’s kick issues off by diving straight into the Polygon ecosystem!
What’s the Polygon Ecosystem?
Polygon (previously MATIC Community) launched in 2017, and it’s a layer-2 (L2) scaling answer for the Ethereum blockchain. The Polygon ecosystem contains a number of chains that collectively host 1000’s of dapps, together with decentralized exchanges (DEXs), non-fungible token (NFT) marketplaces, video games, and different Web3 tasks!
As an L2 scaling answer, the first function of Polygon is to increase the scalability capabilities of Ethereum. Polygon is basically a set of options that operates on high of the Ethereum blockchain to enhance transaction speeds and supply decrease gasoline prices.
So, how does this work?
Nicely, the Polygon ecosystem consists of two predominant blockchain networks:
Polygon Proof-of-Stake (PoS): Polygon PoS is probably the most extensively used L2 scaling answer for the Ethereum community. To enhance scalability, Polygon PoS leverages a ”plasma” framework to create a sidechain working alongside the Ethereum community. Polygon zkEVM: Polygon zkEVM is an EVM equal L2 scaling answer that leverages cryptographic zero-knowledge (zk) proofs to bundle transactions off-chain, solely to later confirm them in a batch on the Ethereum community.
To be taught extra about these two options, try our article exploring the variations between Polygon Pos vs Polygon zkEVM!
One other important a part of the Polygon ecosystem is the community’s native MATIC token. Aside from appearing as a medium of change, MATIC has plenty of utility throughout the ecosystem. As an illustration, it’s instrumental in governance, performs a key position in guaranteeing community safety, and can be utilized as a way of fee for transaction charges.
General, Polygon is an ETH layer-2 scaling answer comprising a number of chains that host a big ecosystem of dapps, tokens like MATIC, and different Web3 platforms!
What are the Advantages of Polygon?
The Polygon ecosystem gives a number of advantages that handle among the limitations of Ethereum. These benefits have made Polygon a well-liked alternative for Web3 builders and customers within the blockchain house. Listed here are 4 distinguished examples:
Low Fuel Charges: Polygon gives low gasoline charges, making community transactions considerably cheaper than on Ethereum. This cost-effectiveness is particularly interesting for smaller transactions, making Polygon a extra possible possibility for a broader vary of customers and functions. Quick Transactions: Polygon gives excessive throughput and quick transaction speeds. As an illustration, whereas the Ethereum community can course of about 15 transactions per second, Polygon is ready to deal with 1000’s throughout the identical timeframe. That is essential for functions counting on excessive transaction throughput, corresponding to video games and decentralized finance (DeFi) platforms. Excessive Safety: As an L2 answer, the Polygon community leverages Ethereum’s sturdy safety to maintain the community secure and safe. EVM-Compatibility: The Polygon ecosystem is suitable with Ethereum Digital Machine (EVM). Consequently, when constructing dapps on Polygon, it’s doable to make use of acquainted Ethereum tooling, making Web3 growth a breeze.
How Many Dapps on Polygon in 2024?
The Polygon ecosystem is huge! Primarily based on the most recent public knowledge shared by the community in late 2022, greater than 53,000 dapps have been constructed on Polygon, with roughly 17,800 month-to-month lively tasks:
Nevertheless, not all of those Web3 apps are very polished or helpful. Because of this Moralis’ Web3 Wiki curates the variety of tasks on Polygon to make sure all dapps on our web page provide worth to customers. On the time of writing, the Web3 Wiki accommodates 877 Polygon dapps!
Should you’d wish to be taught extra in regards to the largest dapps on Polygon, be part of us within the subsequent part as we dive a bit deeper into the ecosystem!
Dapps on Polygon – Exploring the Polygon Ecosystem
As you now know, Polygon hosts an unlimited ecosystem of dapps. Nevertheless, we’ll solely have the ability to cowl a number of examples of well-established and helpful tasks on this part. Extra particularly, we’ll briefly introduce ten distinguished platforms:
Should you’d wish to discover the dapps above additional, together with further platforms not coated within the checklist, ensure to test our Web3 Wiki web page that includes high Polygon dapps!
Methods to Construct Polygon Ecosystem Dapps in 2024
With an summary of the Polygon ecosystem, you is perhaps occupied with constructing your individual dapps on the community. If that is so, then you definately’ll need to try Moralis!
Moralis is an industry-leading Web3 API supplier, and with our premier interfaces, you may seamlessly combine on-chain knowledge and blockchain performance into your dapps with only some traces of code!
In Moralis’ various toolset, you’ll discover a number of interfaces for various use instances, together with the Pockets API, Token API, NFT API, and many others. Consequently, it doesn’t matter if you wish to construct a crypto pockets, token explorer, or some other Web3 platform; Moralis has received you coated.
However why must you leverage Moralis to construct dapps?
Prime Efficiency: Moralis’ Web3 APIs provide industry-leading response instances, making them appropriate for brand spanking new in addition to already established tasks. Save Time: With Moralis, you may construct dapps quicker, as our APIs have been proven to cut back the typical go-to-market time for tasks by 83%. Cross-Chain Compatibility: All our APIs are chain agnostic, supporting the largest blockchains out of the field. This consists of Polygon, Ethereum, BNB Good Chain (BSC), Optimism, and lots of others.
These benefits place Moralis not solely as a super platform for constructing new dapps but in addition as a helpful asset for enhancing present tasks. As an illustration, with our industry-leading response instances, you should use our APIs to reinforce the efficiency of your dapps. What’s extra, with the cross-chain capabilities, you may simply increase your platform throughout a number of blockchains!
Additionally, do you know that you could enroll with Moralis free of charge? As such, for those who haven’t already, arrange your account so you can begin leveraging the complete energy of blockchain expertise at this time!
Now, to spotlight the ability of Moralis additional, let’s discover three of our APIs within the following subsections!
Pockets API
Moralis’ Pockets API boasts a powerful array of options, unparalleled scalability, and distinctive flexibility, making it the definitive answer for integrating crypto pockets performance into your dapps. With solely single traces of code, you may seamlessly fetch the native steadiness, NFT balances, real-time transactions, and many others., of any pockets!
The Pockets API offers further options, together with handle labels, totally decoded transactions, profile knowledge, account abstraction assist, and far more. Moreover, this premier instrument helps 500+ million addresses throughout all probably the most vital blockchains.
To spotlight the ability of the Pockets API, listed below are three examples of endpoints you’ll seemingly discover useful when constructing dapps on Polygon:
getNativeBalance() – Fetch the native steadiness of any pockets: const response = await Moralis.EvmApi.steadiness.getNativeBalance({
“chain”: “0x89”,
“handle”: “0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd”
}); getWalletNFTs() – Get the NFT steadiness of any pockets: const response = await Moralis.EvmApi.nft.getWalletNFTs({
“chain”: “0x89”,
“handle”: “0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd”
}); getWalletTransactions() – Fetch the native transaction historical past of any pockets:const response = await Moralis.EvmApi.transaction.getWalletTransactions({
“chain”: “0x89”,
“handle”: “0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd”
});
Token API
The Token API enables you to seamlessly fetch and combine ERC-20 token knowledge, together with costs, transfers, balances, and far more, into your dapps. As such, when working with this industry-leading interface, you may effortlessly construct every little thing from DEXs to token explorers with none trouble!
The Token API helps each single token throughout all the largest chains, together with Polygon, Ethereum, BSC, Arbitrum, and others. This implies you should use this instrument to fetch knowledge about every little thing from stablecoins like USDT to meme cash like PolyDoge.
Listed here are three endpoints of the Token API to showcase the ability of this industry-leading API:
getTokenPrice() – Get the worth of any token: const response = await Moralis.EvmApi.token.getTokenPrice({
“chain”: “0x89”,
“handle”: “0x1BFD67037B42Cf73acF2047067bd4F2C47D9BfD6”
}); getTokenMetadata() – Fetch the metadata of any fungible token:const response = await Moralis.EvmApi.token.getTokenMetadata({
“addresses”: [
“0x1BFD67037B42Cf73acF2047067bd4F2C47D9BfD6”
],
“chain”: “0x89”
}); getTokenTransfers() – Question all of the token transfers of a contract:const response = await Moralis.EvmApi.token.getTokenTransfers({
“chain”: “0x89”,
“handle”: “0x1BFD67037B42Cf73acF2047067bd4F2C47D9BfD6”
});
NFT API
With Moralis’ NFT API, you may fetch NFT metadata, balances, optimized picture previews, and far more with solely single traces of code. Consequently, this API takes care of all of your NFT wants, permitting you to construct Web3 video games, NFT marketplaces, and far more!
The NFT API helps greater than three million collections throughout all the largest blockchains. This consists of every little thing from established Polygon tasks like Aavegotchi to new tokens that dropped simply seconds in the past.
Listed here are three NFT API endpoints you’ll seemingly discover helpful in your Web3 growth endeavors:
getNFTMetadata() – Get the metadata of any NFT: const response = await Moralis.EvmApi.nft.getNFTMetadata({
“chain”: “0x89”,
“handle”: “0x86935F11C86623deC8a25696E1C19a8659CbF95d”,
“tokenId”: “1”
}); getWalletNFTs() – Fetch the NFT steadiness of any pockets: const response = await Moralis.EvmApi.nft.getWalletNFTs({
“chain”: “0x89”,
“handle”: “0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd”
}); getNFTTrades() – Question all NFT trades by market: const response = await Moralis.EvmApi.nft.getNFTTrades({
“chain”: “0x89”,
“market”: “opensea”,
“handle”: “0x86935F11C86623deC8a25696E1C19a8659CbF95d”
});
Should you’d wish to discover all our industry-leading APIs, ensure to take a look at the official Web3 API web page!
Additionally, don’t overlook to enroll with Moralis if you wish to leverage the APIs above your self. You possibly can create an account with out paying a dime, and also you’ll have the ability to begin leveraging the complete energy of blockchain expertise at this time!
Abstract: Exploring the Polygon Ecosystem – Full Information to Dapps on Polygon
In at this time’s article, we explored the Polygon ecosystem (previously MATIC Community). In doing so, we discovered that it’s a well-liked L2 scaling answer for Ethereum that contains a number of chains, together with Polygon PoS and Polygon zkEVM. What’s extra, we additionally found that Polygon’s native MATIC token performs an important position throughout the ecosystem!
From there, we then briefly explored the next ten Polygon ecosystem dapps:
QuickSwapUniswapAaveTangibleOpenSeaRaribleMetaMaskTrust WalletAavegotchiSunflower Land
Lastly, we launched you to Moralis, which is the last word platform for anybody seeking to construct dapps on Polygon!
Should you preferred this Polygon ecosystem information, contemplate studying extra content material right here on Moralis’ Web3 weblog. As an illustration, discover ways to index blockchain knowledge or discover our multisig pockets article.
Additionally, earlier than you progress on, bear in mind that you could enroll with Moralis free of charge. So, take this chance to create an account, and also you’ll acquire instantaneous entry to all our industry-leading Web3 growth instruments!
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