The Polygon network is one of the leading ecosystems for developing decentralized applications (dApps). Supporting the Ethereum network, the platform is used to create decentralized solutions that act on the main multi-chain of the crypto market.
Because it represents a second layer of the main Ethereum blockchain, Polygon provides support for blockchain games, exchanges, and other decentralized finance applications (DeFi).
Read on to understand more.
What are dApps?
dApps are decentralized applications, that is, developed from smart contracts in a decentralized network, such as Polygon. Just as DeFi stands for decentralized finance, dApps are decentralized applications.
On Polygon and Ethereum, for example, smart contracts are accessible and transparent, like open source APIs, so that new dApps can be developed from other users’ elements and creations.
In the specific case of Polygon, the network has a unique open-source platform called the Polygon SDK. Today, it is used as a multi-chain to facilitate the creation of new dApps.
What are the top dApps at Polygon?
Learn about the top dApps at Polygon, according to DappRadar’s ranking:
In addition to solutions for crypto assets trading, the blockchain technology can be used to create games with decentralized reward systems. And Benji Bananas is Polygon’s main dApp, according to DappRadar.
The app consists of a monkey game created by Animadoca Brands that offer crypto assets rewards through challenges that involve collecting bananas in a play-to-earn ecosystem.
In total, more than 50 million downloads of the Benji Bananas dApp have been made since the creation of the blockchain game. In the last month, some 350 thousand digital wallets have accessed the decentralized app.
Galxe uses the Polygon network to create a solution that involves developing identity verification for web3-oriented platforms.
Using blockchain technology, Galxe is considered one of the leading decentralized data verification tools, enabling information checking in on-chain and off-chain applications.
More than 213 thousand users have accessed Galxe as an identity verifier on web3 platforms in the last month. According to DappRadar, the dApp is the second largest on the Polygon network.
Like Benji Bananas, Planet IX is a blockchain game created on the Polygon network that uses a play-to-earn system to reward users with crypto assets.
Planet IX also has non-fungible tokens (NFTs) and space missions to save the planet. More than 550 thousand users have accessed the blockchain game since its creation in November 2021.
In total, Planet IX has sold US$ 400 million in NFTs to players and has a native token created on the Ethereum network, the IX token (IXT), classified as ERC-20.
Uniswap V3 is the fourth most popular decentralized app on DappRadar, which features a weekly ranking of solutions created from the Polygon network.
Known as one of the leading decentralized exchanges (DEX) in the crypto market, Uniswap V3 has concentrated liquidity in transactions that take place without intermediaries.
OpenSea is the leading trading platform for NFTs in the crypto market, known as a marketplace that brings together tokens such as digital artwork and blockchain gaming access.
In the past month, about 90 thousand digital wallets have accessed OpenSea. In addition, 1.39 million transactions were performed on the NFT trading platform in the same period.
DappRadar’s ranking shows that OpenSea is the fifth largest dApp on the Polygon network, also used to create NFTs.
The Polygon network also has other solutions developed from its infrastructure, so how about learning about DEX and protocols created at Polygon?