CoinMarketCap
Polygon: Top 10 Biggest Projects
If narratives run these crypto investment cycles, then several narratives have dominated this bull run. Think metaverse tokens, dog coins and L1 solutions like Solana and Avalanche. But the narrative standing strong in decentralized finance (known as DeFi) is about Layer 2 solutions, with Polygon leading the pack. On today’s CoinMarketCap episode we take deep dive into the Top Polygon Projects 02:42 JellySwap 03:20 QuickSwap 04:13 Opacity 05:01 Mai Finance 05:36 Impermax 06:07 gTrade 06:55 Augur 07:51 Idex 08:35 Aavegotchi 09:32 Decentral Games Ethereum can get slow and expensive. That’s because its consensus mechanism for securing the blockchain is based on an auction model. Users bid against one another to have their transactions included in the next block. This is why, once the network gets too congested, fees skyrocket. And that’s how you end up with, say, a face value price of 20 bucks to mint an NFT, but incurring an actual cost of a hundred bucks in gas fees. (In other words, would you pay 4 dollars for a coffee if the transaction fee was 5 times that? I didn’t think so either.) Enter Layer 2 scaling. There’s a chance you’ve heard of other Layer 2 scaling solutions, like Arbitrum and StarkWare (zk-STARKs). So what makes Polygon stand out from the rest of the major scaling and infrastructure development solutions? Well, Polygon is the first L2 solution with an actual native token, MATIC. And why does that matter? Because you can stake it to help secure the network, all the while enjoying awesome rewards and low fees, as well as being eligible for potential airdrops in the future. Oh, and this does mean that some of these DApps are available on Ethereum as well as on other chains. That they feature on Polygon with negligible gas fees and insane speeds is why we chose to include them here. 🔔 From crypto news, to market moves, and to educational how to videos. If you want something more than just hype and to actually learn about crypto, make sure to hit the subscribe button right now and turn on notifications to not miss out on new videos! 🔵 Coin Market Cap is the world’s most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto accessible all around the world through data and content. 📲 Download our app! IOS : H Android : S 🤝 Join CoinMarketCap! S Follow CoinMarketCap on social! p p p p p 📩 Subscribe to our Newsletter! /