Lightening Cash Deployment On Polygon
We hope you’re still strapped in and ready for our next adventure on a new chain. Data was recorded on May 9, 2022
With the goal of deploying on more chains, Lightening Cash’s next land is the Polygon network. Lightening Cash never intended to stop at BNB Chain when community residents requested new chains. The protocol is already expanding just a few weeks after its launch on the BNB Chain.
Polygon Network is a Side Chain-based extension solution for public blockchains. Based on Plasma technology, the Matic Network provides scalability for side chains while ensuring the user experience, as well as the security and decentralization of blockchain.
The numbers don’t lie (data 09/05/2022)
Polygon’s networks record almost 4.1m transactions per day. This number is relatively high if compared to daily transactions on the Ethereum blockchain, which has never exceeded 1.1m.
Over 19k+ dApps have used Polygon to scale their performance with more than 100 active validators.
MATIC, Polygon’s native cryptocurrency, ranks in the top 20 highest market capitalization with $5.7B.
Polygon (MATIC) chart over time
Polygon (MATIC) TVL whole time
Polygon has exited its rapid expansion phase and reached the “accumulation” phase, in which developers begin to build apps on top of the platform. Important DeFi articles have also appeared on Polygon and are first related.
Besides, the zkEVM platform that Polygon is building could be a key product for Polygon’s long-term growth, it will take more time to see what they can do with ZkEVM.
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