Ethereum is the preferred blockchain for good contract and decentralized software (dapp) improvement. Nonetheless, it’s broadly 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 generally 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 a 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’ll discover a number of the most vital dapps on Polygon, similar to QuickSwap, Aave, Tangible, and lots of others. Lastly, to high 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 that you must construct every thing from cryptocurrency wallets like MetaMask to dam explorers like PolygonScan. Because of the accessibility of our APIs, you’ll be able to seamlessly combine on-chain information and Web3 performance into your dapps with single strains of code. Because of this, you’ll be able to construct initiatives quicker and extra effectively.
Are you conscious you could entry all our industry-leading Web3 APIs without cost? So, for those who haven’t already, make sure that to enroll with Moralis instantly! By signing up, you can begin utilizing the complete energy of blockchain know-how 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 answer for the Ethereum blockchain. The Polygon ecosystem includes 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 initiatives!
As an L2 scaling answer, the first objective of Polygon is to increase the scalability capabilities of Ethereum. Polygon is actually a set of options that operates on high 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 essential blockchain networks:
Polygon Proof-of-Stake (PoS): Polygon PoS is essentially the most broadly used L2 scaling answer for the Ethereum community. To enhance scalability, Polygon PoS leverages a ”plasma” framework to create a sidechain operating alongside the Ethereum community. Polygon zkEVM: Polygon zkEVM is an EVM equal L2 scaling answer 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 study extra about these two options, try 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 appearing as a medium of change, MATIC has loads of utility throughout the ecosystem. For example, it’s instrumental in governance, performs a key position in guaranteeing community safety, and can be utilized as a way of cost for transaction charges.
General, Polygon is an ETH layer-2 scaling answer 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 provides a number of advantages that tackle a number of the limitations of Ethereum. These benefits have made Polygon a well-liked alternative for Web3 builders and customers within the blockchain area. Listed here are 4 outstanding examples:
Low Fuel Charges: Polygon provides low gasoline charges, making community transactions considerably cheaper than on Ethereum. This cost-effectiveness is particularly interesting for smaller transactions, making Polygon a extra possible choice for a broader vary of customers and functions. Quick Transactions: Polygon provides 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 throughout the similar timeframe. That is essential for functions counting on excessive transaction throughput, similar to video games and decentralized finance (DeFi) platforms. Excessive Safety: As an L2 answer, the Polygon community leverages Ethereum’s strong safety to maintain the community secure and safe. EVM-Compatibility: The Polygon ecosystem is suitable with Ethereum Digital Machine (EVM). Consequently, when constructing dapps on Polygon, it’s attainable to make use of acquainted Ethereum tooling, making Web3 improvement a breeze.
How Many Dapps on Polygon in 2024?
The Polygon ecosystem is huge! Based mostly 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 energetic initiatives:
Nonetheless, not all of those Web3 apps are very polished or helpful. Because of this Moralis’ Web3 Wiki curates the variety of initiatives on Polygon to make sure all dapps on our web page supply worth to customers. On the time of writing, the Web3 Wiki accommodates 877 Polygon dapps!
In case you’d wish to study extra in regards to the largest dapps on Polygon, be a 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. Nonetheless, we’ll solely be capable to cowl just a few examples of well-established and helpful initiatives on this part. Extra particularly, we’ll briefly introduce ten outstanding platforms:
In case you’d wish to discover the dapps above additional, together with extra platforms not lined within the record, make sure that to test our Web3 Wiki web page that includes high Polygon dapps!
How you can Construct Polygon Ecosystem Dapps in 2024
With an outline of the Polygon ecosystem, you may be all for constructing your individual dapps on the community. If so, then you definately’ll wish to try 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 strains of code!
In Moralis’ numerous toolset, you’ll discover a number of interfaces for various use circumstances, together with the Pockets API, Token API, NFT API, and so forth. Consequently, it doesn’t matter if you wish to construct a crypto pockets, token explorer, or some other Web3 platform; Moralis has bought you lined.
However why do you have to leverage Moralis to construct dapps?
Prime Efficiency: Moralis’ Web3 APIs supply industry-leading response occasions, making them appropriate for brand new in addition to already established initiatives. Save Time: With Moralis, you’ll be able to construct dapps quicker, as our APIs have been proven to cut back the common go-to-market time for initiatives by 83%. Cross-Chain Compatibility: All our APIs are chain agnostic, supporting the most important blockchains out of the field. This consists of Polygon, Ethereum, BNB Sensible Chain (BSC), Optimism, and lots of others.
These benefits place Moralis not solely as a super platform for constructing new dapps but in addition as a precious asset for enhancing present initiatives. For example, with our industry-leading response occasions, you should use our APIs to reinforce the efficiency of your dapps. What’s extra, with the cross-chain capabilities, you’ll be able to simply develop your platform throughout a number of blockchains!
Additionally, do you know you could join with Moralis without cost? As such, for those who haven’t already, arrange your account so you can begin leveraging the complete energy of blockchain know-how at this time!
Now, to focus on the ability 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 answer for integrating crypto pockets performance into your dapps. With solely single strains of code, you’ll be able to seamlessly fetch the native stability, NFT balances, real-time transactions, and so forth., of any pockets!
The Pockets API gives extra options, together with tackle labels, absolutely decoded transactions, profile information, account abstraction assist, and way more. Moreover, this premier instrument helps 500+ million addresses throughout all essentially the most important blockchains.
To focus on the ability of the Pockets API, listed below 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”,
“tackle”: “0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd”
}); getWalletNFTs() – Get the NFT stability of any pockets: const response = await Moralis.EvmApi.nft.getWalletNFTs({
“chain”: “0x89”,
“tackle”: “0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd”
}); getWalletTransactions() – Fetch the native transaction historical past of any pockets:const response = await Moralis.EvmApi.transaction.getWalletTransactions({
“chain”: “0x89”,
“tackle”: “0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd”
});
Token API
The Token API enables you to seamlessly fetch and combine ERC-20 token information, together with costs, transfers, balances, and way more, into your dapps. As such, when working with this industry-leading interface, you’ll be able to effortlessly construct every thing from DEXs to token explorers with none trouble!
The Token API helps each single token throughout all the most important chains, together with Polygon, Ethereum, BSC, Arbitrum, and others. This implies you should use this instrument to fetch information about every thing from stablecoins like USDT to meme cash like PolyDoge.
Listed here are three endpoints of the Token API to showcase the ability of this industry-leading API:
getTokenPrice() – Get the value of any token: const response = await Moralis.EvmApi.token.getTokenPrice({
“chain”: “0x89”,
“tackle”: “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”,
“tackle”: “0x1BFD67037B42Cf73acF2047067bd4F2C47D9BfD6”
});
NFT API
With Moralis’ NFT API, you’ll be able to fetch NFT metadata, balances, optimized picture previews, and way more with solely single strains of code. Consequently, this API takes care of all of your NFT wants, permitting you to construct Web3 video games, NFT marketplaces, and way more!
The NFT API helps greater than three million collections throughout all the most important blockchains. This consists of every thing from established Polygon initiatives 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”,
“tackle”: “0x86935F11C86623deC8a25696E1C19a8659CbF95d”,
“tokenId”: “1”
}); getWalletNFTs() – Fetch the NFT stability of any pockets: const response = await Moralis.EvmApi.nft.getWalletNFTs({
“chain”: “0x89”,
“tackle”: “0xE99C0fc7e35c8C33453EcbBff2f0f61BEfaA4Ffd”
}); getNFTTrades() – Question all NFT trades by market: const response = await Moralis.EvmApi.nft.getNFTTrades({
“chain”: “0x89”,
“market”: “opensea”,
“tackle”: “0x86935F11C86623deC8a25696E1C19a8659CbF95d”
});
In case you’d wish to discover all our industry-leading APIs, make sure that 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 possibly can create an account with out paying a dime, and also you’ll be capable to begin leveraging the complete energy of blockchain know-how 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 realized that it’s a well-liked L2 scaling answer for Ethereum that includes 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 position throughout the ecosystem!
From there, we then briefly explored the next ten Polygon ecosystem dapps:
QuickSwapUniswapAaveTangibleOpenSeaRaribleMetaMaskTrust WalletAavegotchiSunflower Land
Lastly, we launched you to Moralis, which is the final word platform for anybody seeking to construct dapps on Polygon!
In case you preferred this Polygon ecosystem information, take into account 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, keep in mind you could join with Moralis without cost. So, take this chance to create an account, and also you’ll acquire immediate entry to all our industry-leading Web3 improvement instruments!
