Polygon is looking dapper with 19,000+ dApps, but there is a caveat

ambcrypto.com:

At the time of writing, Polygon [MATIC] was the #17 biggest crypto by market cap, trading at $1.27. This was after losing 4.86% of its value in the last day and skidding by 12.10% in the past week. In fact, most of the market was steeped in red and Bitcoin fell through the $39,000 support as well.

While bulls might be disappointed by their favorite assets’ price action, it’s important to zoom out and also keep an eye on a project’s most recent DeFi and developmental updates.

Polygon recently announced a new milestone of over 19,000 dApps on the network, when compared to 3,000 in October.

The report published by the Polygon team noted,

“There are now 8,000 monthly active teams building on Polygon PoS, up from about 6,000 in January and just a few thousand in October.”

It added,

“Alchemy data shows that 65% of the teams integrated exclusively on Polygon, compared to 35% deployed on Ethereum.”

This is a significant update, as it shows that apart from just asset prices, work is happening behind the scenes to boost Polygon’s popularity and increase the number of use cases it can support.