Ethereum is the most well-liked blockchain for sensible 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. Fortuitously, that is the place scaling options like Polygon (beforehand often 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 at this time’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 are going to discover among the most important dapps on Polygon, corresponding 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 you should construct the whole lot from cryptocurrency wallets like MetaMask to dam explorers like PolygonScan. Due to the accessibility of our APIs, you’ll be able to seamlessly combine on-chain knowledge and Web3 performance into your dapps with single traces of code. In consequence, you’ll be able to construct initiatives sooner and extra effectively.
Are you conscious that you could entry all our industry-leading Web3 APIs free of charge? So, for those who haven’t already, be sure that to enroll with Moralis instantly! By signing up, you can begin utilizing the total energy of blockchain expertise at this time!
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 1000’s 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 objective 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 gasoline prices.
So, how does this work?
Effectively, the Polygon ecosystem consists of two major blockchain networks:
Polygon Proof-of-Stake (PoS): Polygon PoS is probably 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, 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 performing as a medium of trade, MATIC has a whole lot 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.
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 among the limitations of Ethereum. These benefits have made Polygon a well-liked selection for Web3 builders and customers within the blockchain area. Listed below are 4 outstanding examples:
Low Fuel Charges: Polygon presents low gasoline charges, making community transactions considerably cheaper than on Ethereum. This cost-effectiveness is very 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 1000’s throughout the identical timeframe. That is essential for functions counting on excessive transaction throughput, corresponding 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 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! Primarily based on the most recent public knowledge 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 incorporates 877 Polygon dapps!
In case you’d wish to be taught extra concerning the greatest 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 have the ability to cowl a couple of examples of well-established and helpful initiatives on this part. Extra particularly, we’ll briefly introduce ten outstanding platforms:
In case you’d wish to discover the dapps above additional, together with extra platforms not coated within the listing, be sure that to test our Web3 Wiki web page that includes prime Polygon dapps!
Methods to Construct Polygon Ecosystem Dapps in 2024
With an outline of the Polygon ecosystem, you could be taken with constructing your personal dapps on the community. If so, then you definitely’ll need to try Moralis!
Moralis is an industry-leading Web3 API supplier, and with our premier interfaces, you’ll be able to seamlessly combine on-chain knowledge and blockchain performance into your dapps with only some traces of code!
In Moralis’ numerous toolset, you’ll discover a number of interfaces for various use circumstances, 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 bought you coated.
However why do you have to leverage Moralis to construct dapps?
Prime Efficiency: Moralis’ Web3 APIs supply industry-leading response instances, making them appropriate for brand new in addition to already established initiatives. Save Time: With Moralis, you’ll be able to 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 largest blockchains out of the field. This contains Polygon, Ethereum, BNB Sensible Chain (BSC), Optimism, and plenty of others.
These benefits place Moralis not solely as a perfect platform for constructing new dapps but additionally as a useful asset for enhancing current initiatives. For example, with our industry-leading response instances, you need to use our APIs to boost the efficiency of your dapps. What’s extra, with the cross-chain capabilities, you’ll be able to simply increase your platform throughout a number of blockchains!
Additionally, do you know that you could enroll with Moralis free of charge? As such, for those who haven’t already, arrange your account so you can begin leveraging the total energy of blockchain expertise at this time!
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 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 traces of code, you’ll be able to seamlessly fetch the native stability, NFT balances, real-time transactions, and so on., of any pockets!
The Pockets API supplies extra options, together with deal with labels, absolutely decoded transactions, profile knowledge, account abstraction help, and way more. Moreover, this premier software helps 500+ million addresses throughout all probably the most important blockchains.
To focus on the facility of the Pockets API, listed here are three examples of endpoints you’ll doubtless discover useful when constructing dapps on Polygon:
getNativeBalance() – Fetch the native stability of any pockets: const response = await Moralis.EvmApi.stability.getNativeBalance({
“chain”: “0x89”,
“deal with”: “0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd”
}); getWalletNFTs() – Get the NFT stability 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 knowledge, together with costs, transfers, balances, and way more, into your dapps. As such, when working with this industry-leading interface, you’ll be able to effortlessly construct the whole lot 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 need to use this software to fetch knowledge about the whole lot from stablecoins like USDT to meme cash like PolyDoge.
Listed below are three endpoints of the Token API to showcase the facility 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’ll be able to 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 largest blockchains. This contains the whole lot 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 doubtless 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 stability 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”
});
In case you’d wish to discover all our industry-leading APIs, be 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 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 at this time!
Abstract: Exploring the Polygon Ecosystem – Full Information to Dapps on Polygon
In at this time’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 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 an important function throughout 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 final word platform for anybody seeking to construct dapps on Polygon!
In case you favored this Polygon ecosystem information, take into account studying extra content material right here on Moralis’ Web3 weblog. For example, learn to index blockchain knowledge or discover our multisig pockets article.
Additionally, earlier than you progress on, bear in mind that you could enroll with Moralis free of charge. So, take this chance to create an account, and also you’ll acquire instantaneous entry to all our industry-leading Web3 growth instruments!
