Polygon Expands DeFi and Gaming with zkEVM Integration

• Polygon’s AggLayer improves cross-chain liquidity flow and enhances user experience across DeFi ecosystems.
• Ronin’s integration with Polygon’s zkEVM boosts gaming with faster, decentralized transactions.

A research report from Nansen highlights significant strides in the Polygon ecosystem, particularly in the areas of scalability, decentralized finance (DeFi), and gaming. Polygon has introduced several advancements that are driving both adoption and innovation, making it a pivotal player in the blockchain space.

AggLayer, a technique meant to simplify cross-chain interactions, is one of the notable changes. This ability greatly increases liquidity flow across several networks, hence improving user experience and interoperability.

DeFi is thus becoming more easily available and efficient for consumers on several ecosystems, which helps Polygon to lead in this space.

Our latest @0xPolygon Research Report is now publicly available! ?

We highlight significant strides in scalability, DeFi, and gaming, and explore how these developments are fueling ecosystem growth

Here are the main takeaways… pic.twitter.com/W5DWXEo1wc

— Nansen ? (@nansen_ai) October 9, 2024

Polygon Expanding Influence in Blockchain Gaming and Beyond

Still another industry where Polygon is flourishing is gaming. Renowned for its blockchain games, Ronin has revealed that it will be developing its zk-powered Layer 2 solution using Polygon’s Chain Development Kit (CDK), hence using Polygon’s zkEVM.

This connection seeks to offer faster and more seamless transactions without sacrificing decentralization, which is absolutely important for fans of blockchain gaming. Notable initiatives like Moonveil and Layer3, which are helping Polygon succeed in the NFT and gaming environment, help to further highlight its rising impact in the game industry.

The attraction of Polygon transcends gaming and DeFi. Its adaptability appeals to people eager to investigate fresh blockchain industry opportunities. Clearly indicating this increasing acceptance is the consistent rise in daily transactions on the Polygon Proof of Stake (PoS) chain, ranging between 3.5 and 4.6 million.

Furthermore, the ecosystem shows a 29% surge in active addresses, which indicates the general state of the network and growing user involvement.

The success of decentralized apps (dApps) like Polymarket, which has acquired mass attention by exceeding $1 billion in trade volume, clearly shows the expansion of the ecosystem. Particularly successful during the U.S. election season, Polymarket—a distributed forecasting platform—showcases Polygon’s capacity to host mass-market uses appealing to a broad audience.

On the other hand, CNF previously reported that well-known investment and trading company Assetera has selected Polygon as the Layer 2 network for its secondary market platform for actual assets. This choice emphasizes Polygon’s increasing relevance in the tokenizing of assets as well as its ability to transform secondary markets.

As these developments in ecosystems keep happening, MATIC, Polygon’s native token, has also shown interesting performance. MATIC has gained 0.95% over the last 24 hours at the time of writing to $0.3743, returning its market cap to the $1 billion mark.

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