bitcoin
Bitcoin (BTC) $ 27,123.27
ethereum
Ethereum (ETH) $ 1,890.19
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 306.39
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.522498
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.072667
cardano
Cardano (ADA) $ 0.375711
solana
Solana (SOL) $ 21.09
matic-network
Polygon (MATIC) $ 0.899224
polkadot
Polkadot (DOT) $ 5.28
tron
TRON (TRX) $ 0.081597
bitcoin
Bitcoin (BTC) $ 27,123.27
ethereum
Ethereum (ETH) $ 1,890.19
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 306.39
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.522498
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.072667
cardano
Cardano (ADA) $ 0.375711
solana
Solana (SOL) $ 21.09
matic-network
Polygon (MATIC) $ 0.899224
polkadot
Polkadot (DOT) $ 5.28
tron
TRON (TRX) $ 0.081597

Polygon Emerges because the Most Common Blockchain in 2023 So Far

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  • Polygon emerges as the most well-liked blockchain in 2023 thus far.
  • Knowledge from NFT Tech reveals that Polygon’s recognition virtually doubled from that of 2022.
  • Polygon additionally dethroned Ethereum, which bagged first place in 2022.

Polygon has emerged as the most well-liked blockchain in 2023 thus far, based on the newest knowledge. The info, which was curated by NFT Tech, was shared by Ryan Wyatt, the president of Polygon Labs.

Sharing the information, Wyatt said that the Polygon crew is targeted on long-term protocol methods with a imaginative and prescient to empower each developer of their neighborhood. The info exhibits that Ethereum, which led to its recognition in 2022 on account of its recognition, liquidity, and excessive lively customers, has been dethroned by Polygon.

The newest knowledge now reveals that the state of affairs has flipped in favor of Polygon. The chart exhibits that Polygon’s recognition went up from 23% in 2022 to 41% in Q1 2023. This has additionally attracted some notable business gamers, together with Nike, Reddit, and Starbucks.

NFT Tech knowledge exhibits that trailing Polygon in recognition is Immutable X, which is adopted by Palm, and others.

Polygon has additionally been witnessing development and a spike in transaction quantity on Polygon zkEVM, which touched all-time highs. The knowledge exhibits that there was a 70% improve in whole worth locked (TVL), which is the most important week-over-week bounce because the launch. Could 14 additionally witnessed the single-day file for the very best profitable transaction quantity: 13K+.

See also  Enjin Coin outshines prime 100 cryptocurrencies, posting 40 day highs

One other fascinating factor to be famous is that whereas the transaction charges on different blockchains, together with that of Bitcoin, had been skyrocketing amidst the meme coin frenzy, Polygon charges went down even through the peak exercise interval. Moreover, the optimistic transaction knowledge has additionally precipitated the worth of MATIC to go up by 2.8% within the final 24 hours. In line with CoinMarketCap knowledge, MATIC is buying and selling at $0.8784 at press time.

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