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.
4/ More stats!
Polygon Fellowship Class of 2022: 10,000 applicants for 50 spots.
Hosted 15 hackathons, leading to hundreds of projects built #onPolygon.
At #ETHNYC, 140 projects chose to build on Polygon.
The Polygon #BUIDLIT Hackathon awarded $500,000 in bounties and prizes.
5/ Earlier this year, #Polygon committed to offsetting its cumulative carbon emissions from inception.
Every NFT minted, every DeFi transaction, any and all gas fees for bridging assets #onPolygon are accounted for.
6/ Last but not least, #Polygon is building infrastructure for a modular, Ethereum-secured ecosystem.
The team has spent 2022 so far laying the groundwork for use cases that haven’t yet been envisioned.
7/ Read @dtyagi’s full Q1+Q2 2022 developer recap to find out even more interesting details and to get a sneak peek at what Q3 and Q4 have in store for #Polygon.👇
@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).
An open forum for a decentralized collective of environmentalists, developers, and entrepreneurs to come together and ensure long-term sustainability across Web3, and beyond.
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
Geo is stored on @IPFS, anchored #onPolygon & indexed by @graphprotocol to solve the world's problems in a decentralized way.
[1/5]
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.