Messari Researcher Describes Polygon’s Growth Path

Tom Dunleavy, a senior research analyst at Messari, believes there is a bright future for the Polygon blockchain platform.

It has shown significant growth in recent years, increasing the number of its developers and attracting some major institutions.

• Dunleavy took to Twitter to provision the most notable recent achievements of the Layer 2 blockchain platform. He mentioned active addresses, the number of which has increased by 90% quarter over quarter (QoQ), adding that approximately 90% of the distribution of Polygon’s native MATIC token, it is unlocked.
• The protocol is also testing its zkEVM (Zero Knowledge Ethereum Virtual Machine). The scaling solution aims to solve the blockchain trilemma – decentralization, scalability and security – and the entity believes it could be vital for the development of the Web3 sector.

“To bring the first billions of people onto Web3, the blockchain architecture must be able to scale without sacrificing security. Until now, that hasn’t been possible in practice, and developers and users have had to choose between the two.

Polygon zkEVM is an innovative technology that offers scalability and high security, opening a new chapter of mass adoption,” said Polygon co-founder Mihailo Bjelic. saying last summer.

• Dunleavy believes that the presence of decentralized social platforms (DeSo) is another factor that could fuel future growth. The technology combines social media and cryptocurrency and allows users to control and gain ownership over their content.
• The Messari analyst said Polygon has already impressed some leading institutions, with Starbucks as an example. The American multinational coffee shop presented its Starbucks Odyssey program based on Polygon and launched NFTs that relate to real world experiences. Initially, the offer was available only to US beta testers.
• Dunleavy also noted that the number of developers on Polygon has increased from 200 in 2018 to over 1,000 as of now, suggesting that the network continues to evolve and attract more attention from users and developers.