^^📑INTRODUCTION

^What is polygon? How Does It Work?

Polygon is a cryptocurrency, with the symbol MATIC, and also a technology platform that enables blockchain networks to connect and scale. Polygon—"Ethereum's internet of blockchains"— launched under the name Matic Network in 2017. 1

The Polygon platform operates using the Ethereum blockchain and connects Ethereum-based projects. Using the Polygon platform can increase the flexibility, scalability, and sovereignty of a blockchain project while still affording the security, interoperability, and structural benefits of the Ethereum blockchain. MATIC is an ERC-20 token, meaning that it's compatible with other Ethereum-based digital currencies. MATIC is used to govern and secure the Polygon network and to pay network transaction fees.

1-PART ONE(developers, users, trading)

POLYGON Network users activity inside network and compare by others chains

✅OBSERVASION

*More than 185 thousand new unique addresses have been created in the polygon network.

*We see the number of users at 32.8 people from the first of 2023. *And there are 29.3 million active wallets that belong to users of the polygon network.

*As you know, the best results are obtained by comparing, and by comparing the Polygon network with large active networks, it can be said that the polygon network has the most TX_Hour change, and most of these results are 162 thousand TX for polygon, and Hramony ranks second with 76.8 thousand TX contract.

*According to the graphs of the previous year, the most new addresses correspond to 2022.06.27, when 179,000 new addresses were created, and in October 2022, Polygon witnessed the largest increase in users, and so far we have not seen such an increase in users in 2022-01. -18 358 thousand users have been added.

volumes (TVL, trading, mint, etc), active users, projects and more.

^^METHODOLOGY

^In this dashboard we will discuss about:

*Pick your favorite ecosystem or project and tell us why it’s your favorite using data!.

*Compare or analyze any standard metrics, like activity (developers, users, trading etc), volumes (TVL, trading, mint, etc), active users, projects and more.

*Demonstrate the value of your choice by sharing any standard metrics you find interesting.

✅OBSERVASION

*According to the application of polygon users in various projects such as uniswap, which has the first rank with 35.4 million and Ox with 33.4 million.

*In the Polygon network, Dex has made the most progress, followed by Defi and NFT, which respectively have DEX with 60B and Defi with 11.6B and NFT in third place with 10.6B of the Polygon network.

^^Conclusion

^Polygon MATIC is a great option, especially if you are trying to avoid the high costs of Ethereum and its slow speeds. Polygon proved that it is successful in resolving the problems that come with Ethereum and for this reason, it gains more and more popularity with each passing day. You can also work on creating your own decentralized network. With some of the tools and features provided by Polygon, this can be an easy and smooth process.

^As a worthy competitor to Polkadot and Cosmos, Polygon’s recent February 2021 release gives it an evolutionary advantage, partly borne out of the perception that neither of the former has so far fully achieved their objectives. The project aims to become the internet of blockchains and is a crucial stepping stone in the development of a fully-automated machine economy.