Ethereum is the most well-liked blockchain for good contract and decentralized software (dapp) growth. Nonetheless, it’s extensively identified that Ethereum faces important scalability challenges, making it costly to make use of the community. Thankfully, 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 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 a number of the advantages of this community. From there, we are going to discover a number of the most vital dapps on Polygon, comparable to QuickSwap, Aave, Tangible, and plenty 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 it’s essential to construct every thing 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. In consequence, you possibly can construct initiatives quicker and extra effectively.
Are you conscious that you could entry all our industry-leading Web3 APIs without cost? So, when you haven’t already, ensure that to enroll with Moralis instantly! By signing up, you can begin utilizing the total energy of blockchain expertise 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 includes 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 high 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 predominant 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 working 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 study 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. Other than appearing as a medium of trade, MATIC has a whole lot of utility inside the ecosystem. As an example, it’s instrumental in governance, performs a key function in guaranteeing community safety, and can be utilized as a way of fee for transaction charges.
General, 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 a number of the limitations of Ethereum. These benefits have made Polygon a well-liked selection for Web3 builders and customers within the blockchain house. Listed here are 4 distinguished examples:
Low Gasoline 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. As an 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 functions counting on excessive transaction throughput, comparable 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 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. For this 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 comprises 877 Polygon dapps!
Should you’d wish to study extra in regards to 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 enormous ecosystem of dapps. Nonetheless, we’ll solely have the ability to cowl a number of examples of well-established and helpful initiatives on this part. Extra particularly, we’ll briefly introduce ten distinguished platforms:
Should you’d wish to discover the dapps above additional, together with extra platforms not lined within the record, ensure that to examine our Web3 Wiki web page that includes high Polygon dapps!
How one can Construct Polygon Ecosystem Dapps in 2024
With an summary of the Polygon ecosystem, you is perhaps fascinated about constructing your personal dapps on the community. If so, then you definitely’ll wish to try 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 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 so on. Consequently, it doesn’t matter if you wish to construct a crypto pockets, token explorer, or another Web3 platform; Moralis has acquired you lined.
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 initiatives. Save Time: With Moralis, you possibly can construct dapps quicker, 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 largest blockchains out of the field. This contains 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 additionally as a worthwhile asset for enhancing present initiatives. As an example, with our industry-leading response instances, you should utilize our APIs to boost 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 that you could enroll with Moralis without cost? As such, when you haven’t already, arrange your account so you can begin leveraging the total energy of blockchain expertise as we speak!
Now, to spotlight the facility 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 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 so on., of any pockets!
The Pockets API offers extra options, together with deal with labels, totally decoded transactions, profile information, account abstraction assist, and way more. Moreover, this premier instrument helps 500+ million addresses throughout all essentially the most important blockchains.
To spotlight the facility 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 helps 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 every 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 utilize this instrument to fetch information about every thing from stablecoins like USDT to meme cash like PolyDoge.
Listed here are three endpoints of the Token API to showcase the facility of this industry-leading API:
getTokenPrice() – Get the worth 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 way 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 way more!
The NFT API helps greater than three million collections throughout all the largest blockchains. This contains every thing 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”
});
Should you’d wish to discover all our industry-leading APIs, ensure 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 may create an account with out paying a dime, and also you’ll have the ability to begin leveraging the total energy of blockchain expertise 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 realized that it’s a well-liked L2 scaling resolution for Ethereum that includes 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 vital function 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!
Should you favored this Polygon ecosystem information, contemplate studying extra content material right here on Moralis’ Web3 weblog. As an example, discover ways to index blockchain information or discover our multisig pockets article.
Additionally, earlier than you progress on, bear in mind that you could enroll with Moralis without cost. So, take this chance to create an account, and also you’ll achieve prompt entry to all our industry-leading Web3 growth instruments!
