“POLYGON Emerges as Second Largest Gaming BLOCKCHAIN, Overtaking Ethereum in Stoner Engagement

After a rise in stoner engagement in March, Polygon surpasses Ethereum as the alternate-largest gaming blockchain. Additionally, Polygon beat Hive for an alternate place last month, with the nimrods On- Chain RPG contributing to the increase in unique active holdalls.

“POLYGON Emerges as Second Largest Gaming BLOCKCHAIN, Overtaking Ethereum in Stoner Engagement

Polygon, a blockchain platform designed for building decentralized applications, has become the second largest gaming blockchain platform. It has surpassed Ethereum in terms of user engagement in the gaming industry. This means that more gamers are now using Polygon’s platform to play games, which is a significant achievement for the company.

 

The Origin of Polygon:

Polygon was launched in 2017 as a project known as Matic to address Ethereum’s scalability issues. MATIC, Matic’s token, was introduced in 2019 as an IEO (Initial Exchange Offering) on the cryptocurrency exchange Binance.

 

Why is Polygon famous?

Polygon is a relatively popular cryptocurrency that consistently ranked among the top 15 cryptocurrencies in market capitalization. In addition, MATIC supports over 7,000 decentralized applications (dApps) or applications that operate without intermediaries.

 

Polygon for Gaming:

Polygon, an Ethereum layer two scaling solution, has quickly become famous for game creators interested in creating blockchain-based games. Polygon’s plug-and-play software development kits (SDKs) enable developers to include blockchain aspects into their games seamlessly.


Polygon – Now the second-largest gaming network:

Increasing user interest in Ethereum’s layer-2 scaling solution Polygon became the second largest blockchain gaming network in terms of unique active wallets in March. (UAWs). According to the “Blockchain Games Report” issued by decentralized application monitoring company DappRadar, the number of UAWs playing games on Polygon reached 138,081 in March, a 53% rise from February.

Polygon is significantly ahead of third and fourth-placed Hive and BNB Chain, with 84,000 and 80,000 UAWs, respectively, while Wax leads the group with 314,000 UAWs. This month, “Polygon,” a blockchain previously renowned for DeFi DApps, surpassed Hive to take second place. This is a good indication for Polygon, as it is now being recognized as a gaming blockchain,” according to the study.

The Role BoomLand in Polygon’s Rise – DappRaddar data:

According to DappRadar data, the Hunters On-Chain game by BoomLand was responsible for a significant portion of the UAW rise on Polygon. Hunters On-Chain, released in January, is a Web3 adaption of BoomLand’s mobile game Hunt Royale. It is a free role-playing game with nonfungible token (NFT) connections with a look and feels akin to Minecraft. On March 9, the game had an all-time high UAW count of roughly 55,300.

 

 

 

Related News

Blockchain News Projects

New Gaming Token PIXEL Surges to Top 10 in Trading Volume.

New Gaming Token PIXEL Surges to Top 10...

With trading volume exceeding $1.2 billion, PIXEL has swiftl...

UK could pass stablecoin, staking laws within six months: Report

UK could pass stablecoin, staking laws within six...

The UK government plans to fast-track the enactment of fresh...

Japanese Government Plans to Relax VC Crypto Investment Rules

Japanese Government Plans to Relax VC Crypto Investment...

Reports suggest that the government has considered this move...

Bored Ape Creator Yuga Labs Acquires Moonbirds NFT Startup Proof

Bored Ape Creator Yuga Labs Acquires Moonbirds NFT...

As part of the acquisition, Yuga Labs plans to integrate Moo...

Aptos and Jambo partner to empower emerging markets via web3 phone.

Aptos and Jambo partner to empower emerging markets...

At the core of this initiative is the affordable JamboPhone,...

Spanish telecom giant Telefonica partners with Chainlink for enhanced security

Spanish telecom giant Telefonica partners with Chainlink for...

The collaboration will kick off with implementing the SIM SW...

Are you a journalist or an editor