Ethereum is the preferred blockchain for sensible contract and decentralized utility (dapp) growth. Nonetheless, it’s extensively identified that Ethereum faces important 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 a number of 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 present’s article by diving straight into the Polygon ecosystem. We’ll clarify what Polygon is, the way it works, and canopy a number of the advantages of this community. From there, we’ll discover a number of the most important dapps on Polygon, akin to QuickSwap, Aave, Tangible, and lots of others. Lastly, to prime 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 it’s essential to construct all the things from cryptocurrency wallets like MetaMask to dam explorers like PolygonScan. Because of the accessibility of our APIs, you possibly can seamlessly combine on-chain information and Web3 performance into your dapps with single traces of code. Consequently, you possibly can construct initiatives sooner and extra effectively.
Are you conscious you could entry all our industry-leading Web3 APIs totally free? So, when you haven’t already, be certain that to enroll with Moralis instantly! By signing up, you can begin utilizing the total energy of blockchain know-how at present!
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 hundreds of dapps, together with decentralized exchanges (DEXs), non-fungible token (NFT) marketplaces, video games, and different Web3 initiatives!
As an L2 scaling answer, the first goal of Polygon is to increase the scalability capabilities of Ethereum. Polygon is basically a set of options that operates on prime of the Ethereum blockchain to enhance transaction speeds and supply decrease fuel prices.
So, how does this work?
Properly, the Polygon ecosystem consists of two foremost blockchain networks:
Polygon Proof-of-Stake (PoS): Polygon PoS is essentially 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, take a look at 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 performing as a medium of alternate, MATIC has plenty of utility inside the ecosystem. For example, it’s instrumental in governance, performs a key position in making certain community safety, and can also be utilized as a method of cost for transaction charges.
Total, 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 tackle a number of the limitations of Ethereum. These benefits have made Polygon a well-liked alternative for Web3 builders and customers within the blockchain house. Listed below are 4 distinguished examples:
Low Fuel Charges: Polygon gives low fuel charges, making community transactions considerably cheaper than on Ethereum. This cost-effectiveness is particularly interesting for smaller transactions, making Polygon a extra possible choice for a broader vary of customers and purposes. Quick Transactions: Polygon gives excessive throughput and quick transaction speeds. For example, whereas the Ethereum community can course of about 15 transactions per second, Polygon is ready to deal with hundreds inside the similar timeframe. That is essential for purposes counting on excessive transaction throughput, akin to video games and decentralized finance (DeFi) platforms. Excessive Safety: As an L2 answer, the Polygon community leverages Ethereum’s strong safety to maintain the community secure and safe. EVM-Compatibility: The Polygon ecosystem is appropriate 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! Based mostly on the most recent public information shared by the community in late 2022, greater than 53,000 dapps have been constructed on Polygon, with roughly 17,800 month-to-month energetic initiatives:
Nonetheless, not all of those Web3 apps are very polished or helpful. That is why Moralis’ Web3 Wiki curates the variety of initiatives on Polygon to make sure all dapps on our web page supply worth to customers. On the time of writing, the Web3 Wiki comprises 877 Polygon dapps!
When you’d prefer to be taught extra in regards to the greatest 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 enormous ecosystem of dapps. Nonetheless, we’ll solely be capable to cowl just a few examples of well-established and helpful initiatives on this part. Extra particularly, we’ll briefly introduce ten distinguished platforms:
When you’d prefer to discover the dapps above additional, together with further platforms not coated within the listing, be certain that to test our Web3 Wiki web page that includes prime Polygon dapps!
The way to Construct Polygon Ecosystem Dapps in 2024
With an summary of the Polygon ecosystem, you may be concerned about constructing your individual dapps on the community. If that is so, you then’ll need to take a look at Moralis!
Moralis is an industry-leading Web3 API supplier, and with our premier interfaces, you possibly can seamlessly combine on-chain information and blockchain performance into your dapps with just a few 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 another Web3 platform; Moralis has acquired you coated.
However why must you leverage Moralis to construct dapps?
Prime Efficiency: Moralis’ Web3 APIs supply industry-leading response occasions, making them appropriate for brand spanking new in addition to already established initiatives. Save Time: With Moralis, you possibly can construct dapps sooner, as our APIs have been proven to cut back the common go-to-market time for initiatives by 83%. Cross-Chain Compatibility: All our APIs are chain agnostic, supporting the most important blockchains out of the field. This contains Polygon, Ethereum, BNB Sensible Chain (BSC), Optimism, and lots of others.
These benefits place Moralis not solely as a great platform for constructing new dapps but additionally as a invaluable asset for enhancing current initiatives. For example, with our industry-leading response occasions, you should use our APIs to reinforce the efficiency of your dapps. What’s extra, with the cross-chain capabilities, you possibly can simply broaden your platform throughout a number of blockchains!
Additionally, do you know you could enroll with Moralis totally free? As such, when you haven’t already, arrange your account so you can begin leveraging the total energy of blockchain know-how at present!
Now, to focus on the ability of Moralis additional, let’s discover three of our APIs within the following subsections!
Pockets API
Moralis’ Pockets API boasts a formidable 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 possibly can seamlessly fetch the native stability, NFT balances, real-time transactions, and many others., of any pockets!
The Pockets API supplies further options, together with tackle labels, absolutely decoded transactions, profile information, account abstraction help, and way more. Moreover, this premier software helps 500+ million addresses throughout all essentially the most important blockchains.
To spotlight the ability of the Pockets API, listed below are three examples of endpoints you’ll probably discover useful when constructing dapps on Polygon:
getNativeBalance() – Fetch the native stability of any pockets: const response = await Moralis.EvmApi.stability.getNativeBalance({
“chain”: “0x89”,
“tackle”: “0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd”
}); getWalletNFTs() – Get the NFT stability of any pockets: const response = await Moralis.EvmApi.nft.getWalletNFTs({
“chain”: “0x89”,
“tackle”: “0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd”
}); getWalletTransactions() – Fetch the native transaction historical past of any pockets:const response = await Moralis.EvmApi.transaction.getWalletTransactions({
“chain”: “0x89”,
“tackle”: “0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd”
});
Token API
The Token API enables you to seamlessly fetch and combine ERC-20 token information, together with costs, transfers, balances, and way more, into your dapps. As such, when working with this industry-leading interface, you possibly can effortlessly construct all the things from DEXs to token explorers with none problem!
The Token API helps each single token throughout all the most important chains, together with Polygon, Ethereum, BSC, Arbitrum, and others. This implies you should use this software to fetch information about all the things from stablecoins like USDT to meme cash like PolyDoge.
Listed below are three endpoints of the Token API to showcase the ability of this industry-leading API:
getTokenPrice() – Get the value of any token: const response = await Moralis.EvmApi.token.getTokenPrice({
“chain”: “0x89”,
“tackle”: “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”,
“tackle”: “0x1BFD67037B42Cf73acF2047067bd4F2C47D9BfD6”
});
NFT API
With Moralis’ NFT API, you possibly can fetch NFT metadata, balances, optimized picture previews, and way 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 way more!
The NFT API helps greater than three million collections throughout all the most important blockchains. This contains all the things from established Polygon initiatives like Aavegotchi to new tokens that dropped simply seconds in the past.
Listed below are three NFT API endpoints you’ll probably discover helpful in your Web3 growth endeavors:
getNFTMetadata() – Get the metadata of any NFT: const response = await Moralis.EvmApi.nft.getNFTMetadata({
“chain”: “0x89”,
“tackle”: “0x86935F11C86623deC8a25696E1C19a8659CbF95d”,
“tokenId”: “1”
}); getWalletNFTs() – Fetch the NFT stability of any pockets: const response = await Moralis.EvmApi.nft.getWalletNFTs({
“chain”: “0x89”,
“tackle”: “0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd”
}); getNFTTrades() – Question all NFT trades by market: const response = await Moralis.EvmApi.nft.getNFTTrades({
“chain”: “0x89”,
“market”: “opensea”,
“tackle”: “0x86935F11C86623deC8a25696E1C19a8659CbF95d”
});
When you’d prefer to discover all our industry-leading APIs, be certain that 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 be capable to begin leveraging the total energy of blockchain know-how at present!
Abstract: Exploring the Polygon Ecosystem – Full Information to Dapps on Polygon
In at present’s article, we explored the Polygon ecosystem (previously MATIC Community). In doing so, we realized 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 a necessary position inside 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!
When you appreciated this Polygon ecosystem information, take into account studying extra content material right here on Moralis’ Web3 weblog. For example, discover ways to index blockchain information or discover our multisig pockets article.
Additionally, earlier than you progress on, bear in mind you could enroll with Moralis totally free. So, take this chance to create an account, and also you’ll achieve on the spot entry to all our industry-leading Web3 growth instruments!
