Polygon (MATIC) — Ethereum’s Internet of Blockchains

As more users rely on Ethereum, gas fees go up, and with it, the demand for low-cost Layer-2 scaling solutions.

The Total Value Locked (TVL) on all Ethereum Layer-2’s recently surpassed $7.165B, and the curve is up and to the right.

Polygon ($MATIC) accounts for half of that amount and recently surpassed Ethereum in daily active users (DAU) for a brief moment. In the past several months, the project’s growth has been astounding.

Today, the Polygon Bridge is the 5th most used dApp on Ethereum, with significantly more depositors to the dApp than withdrawers.

Polygon also dominates transactions on Opensea, with the numbers suggesting it supports a broader spectrum of users to the NFT market.

Unlike Ethereum competitors Cosmos ($ATOM) and Polkadot ($DOT), Polygon as a scaling solution will leverage the robustness, network effects, and security of the Ethereum blockchain.

Co-founder Sandeep Nailwal is a vocal believer in a multi-chain future built on Ethereum as the “ultimate settlement layer.”

Let’s unpack the world’s top-performing L-2 so you can judge for yourself whether its symbiotic relationship with Ethereum will pay off.