Ethereum is the preferred blockchain for good contract and decentralized software (dapp) improvement. Nevertheless, it’s extensively recognized 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 a number of the hottest dapps on the community? For the solutions to those questions, be 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 a number of the advantages of this community. From there, we are going to discover a number of the most important dapps on Polygon, equivalent to QuickSwap, Aave, Tangible, and plenty of others. Lastly, to prime issues off, we’ll dive into Polygon improvement, 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 is advisable to construct all the things 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 information and Web3 performance into your dapps with single traces of code. Consequently, you’ll be able to construct tasks sooner and extra effectively.
Are you conscious that you could entry all our industry-leading Web3 APIs without spending a dime? So, if you happen to haven’t already, be certain to enroll with Moralis instantly! By signing up, you can begin utilizing the complete 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 hundreds of dapps, together with decentralized exchanges (DEXs), non-fungible token (NFT) marketplaces, video games, and different Web3 tasks!
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 gasoline prices.
So, how does this work?
Properly, the Polygon ecosystem consists of two major 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 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. Aside from performing as a medium of trade, MATIC has a number of utility inside the ecosystem. For example, it’s instrumental in governance, performs a key function in guaranteeing community safety, and can be utilized as a method of cost 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 affords a number of advantages that handle a number of 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 distinguished examples:
- Low Gasoline Charges: Polygon affords 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 choice for a broader vary of customers and purposes.
- Quick Transactions: Polygon affords 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 inside the identical timeframe. That is essential for purposes counting on excessive transaction throughput, equivalent to video games and decentralized finance (DeFi) platforms.
- Excessive Safety: As an L2 resolution, the Polygon community leverages Ethereum’s sturdy 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 potential to make use of acquainted Ethereum tooling, making Web3 improvement 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 lively tasks:
Nevertheless, not all of those Web3 apps are very polished or helpful. Because of this Moralis’ Web3 Wiki curates the variety of tasks 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!
In case you’d prefer to be taught extra in regards to the greatest dapps on Polygon, be 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. Nevertheless, we’ll solely be capable of cowl a number of examples of well-established and helpful tasks on this part. Extra particularly, we’ll briefly introduce ten distinguished platforms:
Dapps on Polygon in 2024 | |||
Identify: | 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 permits 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 should purchase 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, accumulate assets, and construct their farming empire. |
In case you’d prefer to discover the dapps above additional, together with further platforms not lined within the listing, be certain to examine our Web3 Wiki web page that includes prime Polygon dapps!
The way to Construct Polygon Ecosystem Dapps in 2024
With an summary of the Polygon ecosystem, you is perhaps 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’ll be able to seamlessly combine on-chain information and blockchain performance into your dapps with just a few traces of code!
In Moralis’ numerous 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 every 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 occasions, making them appropriate for brand new in addition to already established tasks.
- Save Time: With Moralis, you’ll be able to construct dapps sooner, as our APIs have been proven to scale back the common go-to-market time for tasks 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 great platform for constructing new dapps but additionally as a helpful asset for enhancing current tasks. For example, with our industry-leading response occasions, 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 broaden your platform throughout a number of blockchains!
Additionally, do you know that you could join with Moralis without spending a dime? As such, if you happen to haven’t already, arrange your account so you can begin leveraging the complete energy of blockchain expertise at this time!
Now, to focus on 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 many others., of any pockets!
The Pockets API supplies further options, together with handle labels, absolutely decoded transactions, profile information, account abstraction assist, and far more. Moreover, this premier device helps 500+ million addresses throughout all essentially the most important blockchains.
To focus on the facility of the Pockets API, listed here are three examples of endpoints you’ll seemingly discover useful when constructing dapps on Polygon:
getNativeBalance()
– Fetch the native stability of any pockets:
const response = await Moralis.EvmApi.stability.getNativeBalance({ "chain": "0x89", "handle": "0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd" });
getWalletNFTs()
– Get the NFT stability of any pockets:
const response = await Moralis.EvmApi.nft.getWalletNFTs({ "chain": "0x89", "handle": "0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd" });
getWalletTransactions()
– Fetch the native transaction historical past of any pockets:
const response = await Moralis.EvmApi.transaction.getWalletTransactions({ "chain": "0x89", "handle": "0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd" });
Token API
The Token API allows you to seamlessly fetch and combine ERC-20 token information, together with costs, transfers, balances, and far more, into your dapps. As such, when working with this industry-leading interface, you’ll be able to effortlessly construct all the things 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 device 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 facility of this industry-leading API:
getTokenPrice()
– Get the value of any token:
const response = await Moralis.EvmApi.token.getTokenPrice({ "chain": "0x89", "handle": "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", "handle": "0x1BFD67037B42Cf73acF2047067bd4F2C47D9BfD6" });
NFT API
With Moralis’ NFT API, you’ll be able to fetch NFT metadata, balances, optimized picture previews, and far 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 far more!
The NFT API helps greater than three million collections throughout all the largest blockchains. This contains all the things from established Polygon tasks like Aavegotchi to new tokens that dropped simply seconds in the past.
Listed here are three NFT API endpoints you’ll seemingly discover helpful in your Web3 improvement endeavors:
getNFTMetadata()
– Get the metadata of any NFT:
const response = await Moralis.EvmApi.nft.getNFTMetadata({ "chain": "0x89", "handle": "0x86935F11C86623deC8a25696E1C19a8659CbF95d", "tokenId": "1" });
getWalletNFTs()
– Fetch the NFT stability of any pockets:
const response = await Moralis.EvmApi.nft.getWalletNFTs({ "chain": "0x89", "handle": "0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd" });
getNFTTrades()
– Question all NFT trades by market:
const response = await Moralis.EvmApi.nft.getNFTTrades({ "chain": "0x89", "market": "opensea", "handle": "0x86935F11C86623deC8a25696E1C19a8659CbF95d" });
In case you’d prefer to discover all our industry-leading APIs, be certain 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 be capable of begin leveraging the complete 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 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 vital function inside 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 seeking to construct dapps on Polygon!
In case you favored this Polygon ecosystem information, think about studying extra content material right here on Moralis’ Web3 weblog. For 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 join with Moralis without spending a dime. So, take this chance to create an account, and also you’ll acquire immediate entry to all our industry-leading Web3 improvement instruments!