Polygon (MATIC) formerly called Matic, is a scaling solution for the Ethereum (ETH) network. The project is based on Ethereum and should allow this network to process a large amount of transactions The project has gained great popularity with both investors and developers and in the first half of this year the price of Polygon by 14,000% to rise.
Polygon overtakes Ethereum
According to Polygon co-founder Mihailo Bjelic, the project has recently reached a huge milestone. He indicates that for the first time the Polygon network has more active daily users than Ethereum, the network for which Polygon is a scaling solution.
Another huge milestone for @0xPolygon! 🔥
We eclipsed Ethereum L1 in daily active addresses for the first time!
This is just the beginning. We are working round the clock to improve our tech, strengthen our ecosystem and increase adoption.
Let’s bring the world to Ethereum! 💫 pic.twitter.com/K4sAF1y3LT
— Mihailo Bjelic (@MihailoBjelic) September 29, 2021
He also indicates that this is only the beginning. Obviously, Polygon has made quite a name for itself in the past year and the platform has been adopted by a large number of projects for a short time. Bjelic indicates that he hopes this trend will continue.
The number of MATIC addresses is now about 351,000. Ethereum, on the other hand, only has 236,000. That is a special achievement for the scale solution!
It is not extremely surprising that Polygon has made such an uptick in the number of active daily users. The layer-2 solution significantly reduces the gas parties, or transaction costs. This while the security of the network is guaranteed.
Polygon expands
Polygon is not only making serious steps in the field of active daily users. The platform is also constantly expanding behind the scenes. It closes partnership after partnership and big names within the world of cryptocurrencies choose it to start using Polygon.
For example, a while back the Polygon team took the scaling solution Hermez (HEZ) about. This was a platform with a similar function to Polygon itself. In this way, Polygon’s position as a key layer-2 scaling solution for the Ethereum network was strengthened.