- While the total on-chain gaming activity decreased by approximately 3.33 percent in March to 741,567 daily Unique Active Wallets (dUAW), the Polygon network recorded an impressive 53 percent growth in dUAW from the previous month.
- Among the top Polygon games according to total value locked (TVL) include Aavegotchi (GHST) which has a total TVL of about $912 million.
Polygon (MATIC), a leading Ethereum-based scaling and infrastructure development, has been exploring ways to help blockchains scale global mass adoption. The Polygon ecosystem takes pride in several achievements including over 1.17 million deployed smart contracts from more than 28k creators. Despite the increasing competition in the layer 2 scaling solution, including from Arbitrum (ARB), the Polygon network has helped both institutional and retail crypto users access affordable and fast Web3 services.
According to aggregate market data provided by DeFiLlama, Polygon (MATIC) has a total of $1.07 billion in total value locked (TVL). Some of the top-ranking decentralized financial platforms tapping on the Polygon network’s scaling solution include AAVE, QuickSwap, Balancer V2, and Uniswap V3, among others.
Polygon Dominates Gaming Dapps
With the recent launch of Polygon’s zkEVM Mainnet Beta, the network is well poised to attract more decentralized applications seeking to venture into global markets. Moreover, blue-chip gaming projects such as Midnight Society and Oath of Peak have opted to tap into Polygon zkEVM due to its open source and fast finality features.
According to a recent report by DappRadar, Polygon’s gaming activity has recently surged to hold the second-largest gaming blockchain. Interestingly, while the total on-chain gaming activity decreased by approximately 3.33 percent in March to 741,567 daily Unique Active Wallets (dUAW), the Polygon network recorded an impressive 53 percent growth in dUAW from the previous month. DappRadar noted.
Polygon, a blockchain previously known for DeFi dapps, overtook Hive this month and secured the second spot. This is a positive sign for Polygon, as it is now gaining recognition as a gaming blockchain.
Notably, the top position in the blockchain gaming industry was taken by WAX blockchain with an average of 314,976 daily unique active wallets (dUAW) in March. Nevertheless, the figure represented a decline of about 8.11 percent from the previous month.
Among the top Polygon games according to total value locked (TVL) include Aavegotchi (GHST) which has a total TVL of about $912 million. Notably, Aavegotchi (GHST) is available on Polygon and the Ethereum network. Another upcoming Polygon-based gaming project includes Luchadores (LUCHA) with a total value locked (TVL) of approximately $92k.
MATIC Price Outlook
Trading around $1.1 on Monday, Polygon (MATIC) has gained 3.7 percent in the past 30 days. As the Ethereum Shanghai upgrade approaches, the Polygon (MATIC) daily traded volume has been on the rise. According to market data provided by Binance-backed Coinmarketcap, Polygon (MATIC) recorded a 24-hour traded volume of approximately $179,378,818, up about 23 percent today.
