Polygon (MATIC) developer ecosystem exploding, says Alchemy report

Karthik Subramanian

Polygon, a Layer 2 solution on Ethereum, is seemingly being loved by a lot of developers since the beginning of the year with its developer ecosystem exploding over the past few months according to a report from Alchemy, that tracks the developer ecosystem across many blockchain networks.

polygon

Polygon has been, by far, the most preferred scaling solution, and the number of applications being built on the network has doubled every month over the past few months. This is especially true for applications based on DeFi and NFT and the reason for that is due to the general spike in interest in these fields and also because the lower gas fees on Polygon has attracted the developers as well as the users to build on the network. The increased usage of Polygon has helped to cool down the gas fees on Ethereum to some extent. Currently, over 3000 dApps have been built on Polygon when compared to only 30 at the same time last year.

Alchemy Co-founder and CTO Joe Lau said, “we’ve been blown away by the Polygon ecosystem and the quality of its builders so it’s amazing to see just how quickly it’s growing. At Alchemy, we’re proud to power Polygon developers and help make this explosive growth possible.”

Of all the dApps that have been built on Polygon, 68% have been built only on Polygon while 38% have been built on Ethereum and Polygon as well. This shows that developers are increasingly beginning to use Polygon as a stand-alone network for building their applications rather than just trying to port over the existing applications from Ethereum to Polygon to make use of the scaling solution. This is good in the long term for the network and shows the trust and the reliability that the developers have begun to have in Polygon.

Another advantage is that the network has presented a simple, easy-to-use suite of APIs for developers to develop their dApps on the network and this has made the process of going to market much easier not only for the Ethereum developers but for any developer as such and this is being proved by the monthly developer stats on Polygon which has been showing a rapid increase. Alchemy also provides a Polygon developer portal which gives access to high-speed, low-cost infrastructure for developers to build on Polygon.

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