Ethereum is the most well-liked blockchain for good contract and decentralized software (dapp) growth. Nonetheless, it’s extensively recognized that Ethereum faces vital scalability challenges, making it costly to make use of the community. Fortuitously, that is the place scaling options like Polygon (beforehand generally known as 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 a part of us on this information as we discover the intricacies of the Polygon ecosystem!
Overview
We’ll begin as we speak’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’ll discover among the most vital dapps on Polygon, akin to QuickSwap, Aave, Tangible, and plenty 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 strains of code. Because of this, you possibly can construct initiatives sooner and extra effectively.
Are you conscious you can entry all our industry-leading Web3 APIs totally free? So, in the event you haven’t already, make sure that to enroll with Moralis instantly! By signing up, you can begin utilizing the complete energy of blockchain know-how as we speak!
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 resolution 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 resolution, the first function 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?
Nicely, the Polygon ecosystem consists of two primary blockchain networks:
- Polygon Proof-of-Stake (PoS): Polygon PoS is essentially the most extensively used L2 scaling resolution for the Ethereum community. To enhance scalability, Polygon PoS leverages a ”plasma” framework to create a sidechain operating alongside the Ethereum community.
- Polygon zkEVM: Polygon zkEVM is an EVM equal L2 scaling resolution 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. Other than performing as a medium of alternate, MATIC has plenty of utility throughout the ecosystem. For example, it’s instrumental in governance, performs a key function in guaranteeing community safety, and can also be utilized as a method of fee for transaction charges.
Total, Polygon is an ETH layer-2 scaling resolution 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 presents a number of advantages that deal with among the limitations of Ethereum. These benefits have made Polygon a preferred alternative for Web3 builders and customers within the blockchain house. Listed here are 4 outstanding examples:
- Low Fuel Charges: Polygon presents 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 possibility for a broader vary of customers and functions.
- Quick Transactions: Polygon presents 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 throughout the identical timeframe. That is essential for functions counting on excessive transaction throughput, akin to video games and decentralized finance (DeFi) platforms.
- Excessive Safety: As an L2 resolution, the Polygon community leverages Ethereum’s strong safety to maintain the community protected and safe.
- EVM-Compatibility: The Polygon ecosystem is suitable with Ethereum Digital Machine (EVM). Consequently, when constructing dapps on Polygon, it’s attainable 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 newest 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. This is the reason Moralis’ Web3 Wiki curates the variety of initiatives on Polygon to make sure all dapps on our web page provide worth to customers. On the time of writing, the Web3 Wiki incorporates 877 Polygon dapps!
When you’d wish to be taught extra concerning the largest dapps on Polygon, be a 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. Nonetheless, we’ll solely be capable to cowl a couple of examples of well-established and helpful initiatives on this part. Extra particularly, we’ll briefly introduce ten outstanding platforms:
| Dapps on Polygon in 2024 | |||
| Title: | Description: | ||
| 1. QuickSwap | QuickSwap is an industry-leading DEX on the Polygon community, permitting customers to swap, stake, and farm cryptocurrencies. | ||
| 2. Uniswap | Uniswap is an automatic market maker (AMM) DEX for swapping crypto tokens on Polygon and a number of different chains. | ||
| 3. Aave | Aave is a decentralized lending protocol permitting customers to lend, borrow, and earn curiosity on their cryptocurrency tokens. | ||
| 4. Tangible | Tangible is a DeFi platform enabling customers to tokenize real-world belongings like gold, actual property, and many others., into tangible NFTs (TNFTs). | ||
| 5. OpenSea | OpenSea is the {industry}’s #1 NFT market, permitting customers to effortlessly mint, purchase, and promote NFTs. | ||
| 6. Rarible | Rarible is an aggregated market enabling customers to create, uncover, promote, and purchase NFTs. | ||
| 7. MetaMask | MetaMask is an industry-leading, self-custodial Web3 pockets that enables customers to retailer and absolutely handle their cryptocurrencies and NFTs. | ||
| 8. Belief Pockets | Belief Pockets is a safe, self-custody crypto pockets with 70+ million customers. | ||
| 9. Aavegotchi | Aavegotchi is a collectibles sport the place customers can buy and develop Aavegotchis, that are NFT avatars used to discover the sport’s digital universe. | ||
| 10. Sunflower Land | Sunflower Land is a Web3 farming sport the place gamers farm crops, gather sources, and construct their farming empire. | ||
When you’d wish to discover the dapps above additional, together with extra platforms not lined within the listing, make sure that to examine our Web3 Wiki web page that includes prime Polygon dapps!
Tips on how to Construct Polygon Ecosystem Dapps in 2024
With an summary of the Polygon ecosystem, you is likely to be fascinated with constructing your personal dapps on the community. If so, you then’ll wish 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 only some strains 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 acquired you lined.
However why do you have to leverage Moralis to construct dapps?
- Prime Efficiency: Moralis’ Web3 APIs provide industry-leading response instances, making them appropriate for brand new in addition to already established initiatives.
- Save Time: With Moralis, you possibly can construct dapps sooner, as our APIs have been proven to scale 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 consists of Polygon, Ethereum, BNB Good Chain (BSC), Optimism, and plenty of others.
These benefits place Moralis not solely as an excellent platform for constructing new dapps but in addition as a beneficial asset for bettering present initiatives. For example, with our industry-leading response instances, you need to use our APIs to reinforce the efficiency of your dapps. What’s extra, with the cross-chain capabilities, you possibly can simply increase your platform throughout a number of blockchains!
Additionally, do you know you can enroll with Moralis totally free? As such, in the event you haven’t already, arrange your account so you can begin leveraging the complete energy of blockchain know-how as we speak!
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 formidable array of options, unparalleled scalability, and distinctive flexibility, making it the definitive resolution for integrating crypto pockets performance into your dapps. With solely single strains of code, you possibly can seamlessly fetch the native steadiness, NFT balances, real-time transactions, and many others., of any pockets!
The Pockets API supplies extra options, together with deal with labels, absolutely decoded transactions, profile information, account abstraction help, and rather more. Moreover, this premier software helps 500+ million addresses throughout all essentially the most vital 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 steadiness of any pockets:
const response = await Moralis.EvmApi.steadiness.getNativeBalance({
"chain": "0x89",
"deal with": "0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd"
});
getWalletNFTs()– Get the NFT steadiness of any pockets:
const response = await Moralis.EvmApi.nft.getWalletNFTs({
"chain": "0x89",
"deal with": "0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd"
});
getWalletTransactions()– Fetch the native transaction historical past of any pockets:
const response = await Moralis.EvmApi.transaction.getWalletTransactions({
"chain": "0x89",
"deal with": "0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd"
});
Token API
The Token API permits you to seamlessly fetch and combine ERC-20 token information, together with costs, transfers, balances, and rather 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 need to use this software to fetch information about all the things 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 value of any token:
const response = await Moralis.EvmApi.token.getTokenPrice({
"chain": "0x89",
"deal with": "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",
"deal with": "0x1BFD67037B42Cf73acF2047067bd4F2C47D9BfD6"
});
NFT API
With Moralis’ NFT API, you possibly can fetch NFT metadata, balances, optimized picture previews, and rather more with solely single strains of code. Consequently, this API takes care of all of your NFT wants, permitting you to construct Web3 video games, NFT marketplaces, and rather more!
The NFT API helps greater than three million collections throughout all the most important blockchains. This consists of all the things from established Polygon initiatives like Aavegotchi to new tokens that dropped simply seconds in the past.
Listed here 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",
"deal with": "0x86935F11C86623deC8a25696E1C19a8659CbF95d",
"tokenId": "1"
});
getWalletNFTs()– Fetch the NFT steadiness of any pockets:
const response = await Moralis.EvmApi.nft.getWalletNFTs({
"chain": "0x89",
"deal with": "0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd"
});
getNFTTrades()– Question all NFT trades by market:
const response = await Moralis.EvmApi.nft.getNFTTrades({
"chain": "0x89",
"market": "opensea",
"deal with": "0x86935F11C86623deC8a25696E1C19a8659CbF95d"
});
When you’d wish to discover all our industry-leading APIs, make sure 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’ll be able to create an account with out paying a dime, and also you’ll be capable to begin leveraging the complete energy of blockchain know-how as we speak!
Abstract: Exploring the Polygon Ecosystem – Full Information to Dapps on Polygon
In as we speak’s article, we explored the Polygon ecosystem (previously MATIC Community). In doing so, we discovered that it’s a preferred L2 scaling resolution 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 function throughout the ecosystem!
From there, we then briefly explored the next ten Polygon ecosystem dapps:
- QuickSwap
- Uniswap
- Aave
- Tangible
- OpenSea
- Rarible
- MetaMask
- Belief Pockets
- Aavegotchi
- Sunflower Land
Lastly, we launched you to Moralis, which is the final word platform for anybody trying to construct dapps on Polygon!
When you appreciated this Polygon ecosystem information, think about studying extra content material right here on Moralis’ Web3 weblog. For example, learn to index blockchain information or discover our multisig pockets article.
Additionally, earlier than you progress on, keep in mind you can enroll with Moralis totally free. So, take this chance to create an account, and also you’ll achieve prompt entry to all our industry-leading Web3 growth instruments!
