Polygon [MATIC] maximalists have been having a great time after a variety of recent developments happened just lately on the community. Crypto reporter Lark Davis confirmed that MATIC surpassed two billion lifetime transactions.
It is a main announcement for Polygon which has been one of many top-performing scaling options for Ethereum [ETH]. However that isn’t all as Polygon-based transactions are starting to surpass Ethereum as properly.
Since Polygon’s inception, Ethereum has been in a position to full over 1.5 billion transactions in comparison with Polygon’s newest milestone.
This provides Polygon an edge over Ethereum which is anticipated to extend its scalability after the Merge launch.
However, Polygon’s efficiency this quarter has surpassed Ethereum. The scaling answer managed twice as many common transactions as in comparison with Ethereum this quarter in line with Polygon Daily.
Moreover, as per the Polygon information Twitter account, Polygon Day by day, the community hit a brand new milestone for Polygon-based NFTs. As per this tweet, NFTs gross sales quantity reached a month-to-month all-time excessive on Polygon at $100 million in August.
That is the primary time Polygon has been in a position to breach the $50 million resistance since its earlier greatest efficiency in February 2022. Just lately, the biggest NFT trade, OpenSea, enabled customers to listing and purchase by means of native tokens on Polygon.
What’s new right here?
That being mentioned, Polygon added Senken to its ranks in an announcement made on 5 September. Senken is an on-chain carbon credit score market that permits customers to purchase, commerce, and retire tokenized carbon credit.
These are generated by on-chain carbon infrastructure and companies constructed on Polygon.
— senken (@senken_io) September 5, 2022
The place is MATIC headed?
After dropping the $1 excessive in August, MATIC was buying and selling at $0.89 at press time. In keeping with CoinMarketCap, Polygon’s governance token noticed over 2% good points prior to now day including to the 5.2% surge prior to now week.
This places Polygon in a robust place to learn from the Merge as Ethereum’s growing scalability shall be useful to Polygon as properly.
Nonetheless, the rise of L2 scaling options such Arbitrum and Optimism shall be a significant menace to Polygon’s progress. It’s broadly speculated that we’re approaching the L2 season which shall be headed by these two protocols.