1/ Ready for some Q2 stats?

#Polygon PoS is now home to 5.34M unique addresses, a 12% increase from Q1.

Total Q2 transactions increased 4% to 284M and network revenue was $5.56M.

Average cost per transaction fell 49% to $0.018.

Let’s take a look at #DeFi, #gaming and #NFTs.
2/ In the world of DeFi, @BungeeExchange grew its base by over 1,000% and transaction volume by 972%.

After deploying #onPolygon, @Meshswap_Fi added 91k users, processing 1.6M transactions.

@QuickswapDEX maintained its dominance with 382k users, processing 4.52M transactions.
3/ In gaming, @aavegotchi is the biggest gainer after adding 102k users to the #Gotchiverse, up 805% from last quarter.

NFT-based strategy game @Planetix0 grew its user base by 8% to 58k users along with @TheSandboxGame (73% to 36k users) and @ARC8App (89% to 244k users).
4/ In the NFT space, @opensea saw 1.2M new NFT wallets come online #onPolygon in Q2, increasing the total unique active wallets by 47% to 1.5M.

New mints jumped 50% to 66.6M transactions. And while the total dollar value of NFT trades declined 64%, tx volume soared 47% to 122M.
5/ But the most bullish signal, and a sign that the #Polygon ecosystem is building through the bear, comes from developer activity.

The network added on average 1,000 new contract creators a day for a total of 90,514, more than triple the pace of growth in the last quarter.
6/ So, even in the midst of a bear market, there were many exceptional Q2 performers #onPolygon!

Check out the full #PolygonInsights Quarterly report for more in-depth Q2 statistics.👇

blog.polygon.technology/polygoninsight…

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More from @0xPolygon

Jul 27
1/ Things move fast in Web3. A week can feel like a year, 6 months can feel like an eon.

#Polygon’s @dtyagi takes a look back at the greatest hits of the first half of 2022 (or the extended season of #WAGMIonPolygon) in his latest article.

Here are some of the highlights.🧵
2/ Stats!

Total funds #Polygon invested in hackathon bounties & @gitcoin commitments: $2M

Apps running on Polygon: 19,000+

Average number of monthly transactions: 90M

Cumulative contract creators: 153,000+

Potential creative energy of devs building #onPolygon: Unbounded💜
3/ During the first half of 2022, #Polygon made a concentrated effort to fully support the vision of #Web3 devs everywhere by launching Polygon Guilds, Polygon Academy, @0xPolygonDAO and Polygon Village, as well as setting up WAGMIJobDrops and the Polygon Ecosystem Job Board.
Read 7 tweets
Jul 20
We are proud to announce a giant leap forward for Ethereum scaling and ZK innovation.

Introducing Polygon #zkEVM, the first EVM-equivalent ZK L2.

Today we’re releasing a complete implementation, fully open-source, and we’re just getting started.

[1/6]
We all know that Ethereum needs to scale, but won’t that mean sacrificing security and decentralization?

Not with Polygon #zkEVM. It inherits the security of Ethereum while increasing throughput and radically reducing fees.

The best part? It’s fully EVM-equivalent.

[2/6]
EVM-equivalence means that any smart contract or dev tool that you can use on Ethereum can be used on Polygon #zkEVM. Period.

It’s just like using Ethereum, but with the groundbreaking scaling power of ZK tech.

[3/6]
Read 6 tweets
Jul 11
Polygon introduces #GreenBlockchainSummit.

An open forum for a decentralized collective of environmentalists, developers, and entrepreneurs to come together and ensure long-term sustainability across Web3, and beyond.

Register now:
polygon.technology/green-blockcha…

Preview👇

[1/12]
Blockchain can drive system changes to support sustainability with open access to data. True or False?

Join @JeremyEpstein @glasshalfcrypto from @OpenForest_ at the Polygon #GreenBlockchainSummit to find out!

[2/12]
Is there a more decentralized approach to measurement, reporting and verification (MRV)?

@mr_adrianxyz from @senken_io will be joining to discuss the future of climate action.

[3/12]
Read 12 tweets
Jun 29
Today, we're introducing the world to @0xPolygonAvail.

Avail takes a bold step towards a modular future, where chains specialize and work together for a much more scalable #Web3.

Here’s how it works 👇 [1/6]
#Polygon uses “modularity” to make blockchains better.

That’s a bit abstract. But Avail is a great example of this.

We've seen how scalable blockchains can become when rollups take execution off-chain.

Data availability is the next logical piece to take off-chain.

[2/6]
Before this, every blockchain performed:

1️⃣ Data Availability - reach consensus on transaction (tx) order & ensure txs are available for verification
2️⃣ Execution - run txs & determine state changes
3️⃣ Settlement - final verification and arbitration

[3/6] ImageImage
Read 6 tweets
Jun 22
Polygon ID is live 🔥

Today, we’re announcing the launch of the first Polygon ID integration:

@0xPolygonID x @0xPolygonDAO!

Polygon ID is a self-sovereign identity solution powered by ZK cryptography that brings huge potential for DAO governance.

Read on! 🧵

[1/10]
#PolygonID flips the Internet's trust model.

Too often, we’re forced to trade data for access to the most basic of services on the web.

Instead, platforms should be asking us about private information we control.

[2/10] ImageImageImage
#PolygonID puts users in complete control of their data.

With ID, you don’t need to selectively disclose any info about yourself. The platforms you use check proofs about your identity.

They never see what was used to generate those proofs.

[3/10] Image
Read 10 tweets
Jun 21
New institutions built on web3 require verifiable information and crowd-sourced curation.

Geo is a new web3 browser built by @edgeandnode.

Geo is stored on @IPFS, anchored #onPolygon & indexed by @graphprotocol to solve the world's problems in a decentralized way.

[1/5] Image
Geo is indexed by a subgraph on the @graphprotocol’s decentralized network—which also powers the display of data from live queries from other subgraphs on the network. Users can feed subgraph data into Geo pages, paying $GRT query fees in the process.

[2/5]
IPFS is used to store the content itself and thus resolves the content/proposals/votes connections without posting an overly large amount of information in the smart contract transactions.

[3/5]
Read 5 tweets

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