Polygon's attraction, 6 thousand new developers for MATIC cryptocurrency

29 January 2024

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Even in the face of pricing challenges, the Polygon (MATIC) project managed to attract a significant number of developers in 2023, further solidifying its position in the cryptocurrency market. Almost 6 months after the launch of Polygon 2.0 big results happened for this crypto. Polygon 2.0 was launched for building a Value Layer. It is a set of proposed upgrades that radically reimagine almost every aspect of Polygon, from protocol architecture to tokenomics to governance. The Polygon (MATIC) cryptocurrency has seen a recovery in its price in recent days following the recent market crash. Additionally, one of the key metrics on the Polygon blockchain has seen an increase recently. The Polygon network had the second-highest number of “superuser DEX swappers” last year. This new result could be a signal to relaunch the MATIC cryptocurrency. According to the data, superusers identified in the survey are users who have made more than 100 transactions on the network. Polygon recorded the second-highest number of “super user DEX swappers” in 2023, behind only the Ethereum blockchain. The data presented shows seven networks with super users, which are: Ethereum (ETH), Polygon (MATIC), Optimism (OP), Base; Arbitrum (ARB), Avalanche (AVAX), Solana (SOL).

This narrative is reinforced by the fact that a high percentage of these developers also work on Ethereum. Thus highlighting the close relationship between the two projects. According to Electric Capital's latest report, published on January 17, Polygon (MATIC) gained adoption from over 6,200 new developers throughout the year. This makes it the second project with the most additions, behind only Ethereum. This achievement puts Polygon ahead of competitors such as Solana, BNB and Arbitrum. It also highlights the project's strong appeal within the developer community.

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IMAGE CREDITS: Polygon

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