The number of monthly active teams for the blockchain hit 11,800 in July, up from 8,000 in March.
The number of decentralized applications (DApps) on the Ethereum scaling platform Polygon has surpassed 37,000, a 400% increase since the beginning of 2022.
The Polygon team shared the numbers via an Aug. 10 blog post sourced from partner Web3 development platform Alchemy, noting that the number represents the cumulative number of applications ever deployed on both the testnet and the mainnet were launched.
It also noted that the number of monthly active teams — a measure of developer activity on a blockchain — hit 11,800 at the end of July, a whopping 47.5% increase from March.
The project team also highlighted a breakdown of dApp projects, which specifically showed that “74% of the teams were exclusively integrated on Polygon, while 26% were deployed on both Polygon and Ethereum.”
Polygon’s EVM-compatible Proof-of-Stake (PoS) blockchain hosts dApps from a long list of prominent projects and brands in the crypto space, such as: and NFT venture fund/gaming company Animoca Brands.
The blog post states that dApp usage on Polygon has seen more than “142 million unique user addresses and $5 billion in secured assets,” with around 1.6 billion transactions processed on the network to date.
Polygon CEO Ryan Wyatt was clearly pleased with the growth, noting on Twitter that “we’ve had quite a year at Polygon.”
We have a full year at @0xpolygon
~500 dApps in November, now over 37k with 11.8k active teams.
“Many projects are increasingly choosing to build exclusively on Polygon. Alchemy data shows 74% of teams are integrated exclusively on Polygon” https://t.co/ERiLHJiVdh pic.twitter.com/UzKZPlazWD
— Ryan Wyatt (@Fwiz) August 11, 2022
Earlier this year, the Polygon team cited its partnership with Alchemy as a key driver for the increasing number of dApps being built on the network, as the Web3 platform infrastructure “makes it significantly easier for Polygon developers” to build dApps.
“Polygon’s partnership with Alchemy in June 2021 proved a catalyst for adoption, taking the number of dApps running on the network to 3,000 in October, 7,000 in January and over 19,000 in April,” the post reads.
The post covered Alchemy’s platform tools, Web3 and dApp infrastructure, such as
With crypto markets showing signs of a potentially bullish recovery lately, Polygon’s native asset MATIC has pumped a whopping 66.3% over the past month to $0.92 at the time of writing, according to CoinGecko. Its current market cap of $6.9 billion makes MATIC the 16th largest crypto asset.