How launching on Polygon(MATIC) early will moon your project hard
If you’ve been looking for a blockchain that has the potential to easily moon a project, consider Polygon. The recent peaking interest has got many people talking about its fundamentals and attributes. An increase in both users and projects on the MATIC ecosystem will have the possibility to moon projects that would have struggled on other competitive chains.
What is Polygon(MATIC)?
To first understand why Polygon will moon cryptocurrency projects in 2021, it’s important to understand the fundamentals of the Mumbai-based blockchain. The MATIC network was originally founded in 2017 as a layer 2 solution for Ethereum’s congestion problems. At the time, a Plasma bridge was created on the MATIC sidechain to help alleviate pressure points on Ethereum’s network. MATIC was also able to provide increased credibility and security for Ethereum at the time.
MATIC would go on to take up a new vision in 2021, rebranding into “Polygon”. The goal to be the “internet of blockchains” was the next step in the Polygon ecosystem. While still focusing on scalability solutions, the newly vamped crypto project would now offer a multi-chain ecosystem that allowed for interoperability between different compatible blockchains.
Polygon now continues to be one of the top-performing projects and one of the most anticipated cryptocurrencies to date, while facilitating a variety of different crypto focuses, such as DeFi (decentralized finance), dApps (decentralized application), DAOs (decentralized autonomous organizations), DEXs (decentralized exchanges), NFTs and much more.
How can Polygon(MATIC) moon your project?
Every day more and more cryptocurrencies are launched, some with use-cases others with strong communities. With such a highly saturated market, how do you stand out from the rest of the crowd? The Ethereum blockchain is the most popular platform for launching new projects. However, recent congestion complications have turned off many developers. High gas fees, slow transaction speeds, and competitiveness has also pushed away users on Ethereum. Individuals are now searching for cheaper and faster alternatives.
The statistics don’t lie
So where did these investors go? And how do you position your project in front of them? The statistical answer is a large sum of users have moved to the Polygon network. In fact, 75,000 new users have landed on the Polygon blockchain in the extent of 1 week.
Decentralized applications have also been a large reason for the increase in new users. Around $1 billion in volume was brought in by these Polygon dApps. It’s safe to say that these Polygon-based dApps have had their fair share of mooning. Some developers have caught on early to the trend, an increase from 61 dApps to 93 has happened in the course of just 4 weeks.
Investors continue to flow into the Polygon network as faster transaction times and cheaper fees make up for a large reason why projects on the MATIC network continue to moon. The current increase in Polygon users and the relatively low competition on the blockchain will give many newer projects a good chance to see some aggressive gains that are simply not possible on larger blockchains.
Polygons developer support program
Additionally, Polygon offers a developer support program that helps create and facilitate newer projects from the foundation up. There will be plenty of opportunities to moon a project through the program such as paid marketing and promotion, networking with existing Polygon relationships, and funding grants that will further the production of the project.
To sum it all up
The recent congestion problems have caused many users to search for a faster and cheaper alternative. Polygon checks all these boxes and has seen increases in users because of this. By building on the Polygon blockchain, developers will not only be able to utilize the fast transaction speeds and low fees, but also work in an unsaturated market with plenty of liquidity available from native users. To top it off, a developer program is available to encourage developers to switch to the Polygon network. Projects will enjoy marketing and development budgets, plus direct connections with Polygon’s personal networks. Building on Polygon(MATIC) in 2021 will be much easier to moon than on other cryptocurrency blockchains.
