Polygon [MATIC] maximalists have been having a great time after a variety of latest developments came about just lately on the community. Crypto reporter Lark Davis confirmed that MATIC surpassed two billion lifetime transactions.
This can be a main announcement for Polygon which has been one of many top-performing scaling options for Ethereum [ETH]. However that isn’t all as Polygon-based transactions are starting to surpass Ethereum as nicely.
Supply: Polygon Every day/ Twitter
Since Polygon’s inception, Ethereum has been capable of full over 1.5 billion transactions in comparison with Polygon’s newest milestone.
This provides Polygon an edge over Ethereum which is anticipated to extend its scalability after the Merge launch.
Nonetheless, Polygon’s efficiency this quarter has surpassed Ethereum. The scaling answer managed twice as many common transactions as in comparison with Ethereum this quarter in line with Polygon Daily.
Supply: Polygonscan.com
Moreover, as per the Polygon information Twitter account, Polygon Every day, the community hit a brand new milestone for Polygon-based NFTs. As per this tweet, NFTs gross sales quantity reached a month-to-month all-time excessive on Polygon at $100 million in August.
That is the primary time Polygon has been capable of breach the $50 million resistance since its earlier finest efficiency in February 2022. Lately, the most important NFT alternate, OpenSea, enabled customers to listing and purchase via native tokens on Polygon.
Supply: Polygon Every day
What’s new right here?
That being mentioned, Polygon added Senken to its ranks in an announcement made on 5 September. Senken is an on-chain carbon credit score market that permits customers to purchase, commerce, and retire tokenized carbon credit.
These are generated by on-chain carbon infrastructure and providers constructed on Polygon.
We’re excited to announce that the @senken_io on-chain carbon credit score market will probably be a part of the ever-expanding @0xPolygon ecosystem 🌱 1/7 pic.twitter.com/TDqQhZuQBi
— senken (@senken_io) September 5, 2022
The place is MATIC headed?
After dropping the $1 excessive in August, MATIC was buying and selling at $0.89 at press time. In accordance with CoinMarketCap, Polygon’s governance token noticed over 2% features up to now day including to the 5.2% surge up to now week.
This places Polygon in a robust place to profit from the Merge as Ethereum’s growing scalability will probably be useful to Polygon as nicely.
Nevertheless, the rise of L2 scaling options such Arbitrum and Optimism will probably be a significant risk to Polygon’s progress. It’s extensively speculated that we’re approaching the L2 season which will probably be headed by these two protocols.