• Polygon has emerged as the preferred blockchain in 2023 thus far.
• Polygon’s reputation will nearly double in 2022, based on information from NFT Tech.
• Polygon has additionally overtaken Ethereum, which took the highest spot in 2022.

In response to the newest information, Polygon has emerged as the preferred blockchain in 2023 thus far. The information, curated by NFT Tech, was shared by Ryan Wyatt, president of Polygon Labs.

Whereas sharing the info, Wyatt mentioned the Polygon staff is concentrated on a long-term protocol technique with a imaginative and prescient of empowering all builders throughout the neighborhood. The information exhibits that Ethereum, whose reputation, liquidity and variety of energetic customers led to its reputation in 2022, has been overthrown by Polygon.

The newest information reveal that the scenario has reversed in Polygon’s favor. This graph exhibits that Polygon’s reputation has risen from his 23% in 2022 to 41% in Q1 2023. This has additionally attracted outstanding trade insiders comparable to Nike, Reddit and Starbucks.

Following Polygon in reputation is Immutable X, adopted by Palm and others, based on information from NFT Tech.

Polygon has additionally witnessed a surge in development and Polygon zkEVM transaction quantity, reaching all-time highs.of information Reveals a 70% improve in Whole Worth Locked (TVL). That is the most important week-over-week improve since launch. On Might 14th, he additionally set a brand new report for profitable transaction quantity in a single day of over 13,000.

One other fascinating level to notice is that whereas transaction charges on different blockchains, together with Bitcoin, have skyrocketed throughout the memecoin craze, Polygon’s charges have remained low even throughout peak intervals of exercise. that it has declined. As well as, MATIC’s worth elevated by 2.8% during the last 24 hours as a consequence of favorable buying and selling information. As of this writing, MATIC is buying and selling at $0.8784, based on information from CoinMarketCap.