Polygon Overtakes the BNB chain in daily transactions every week

The year ends on a great note for Polygon as the platform has overtaken BNB Chain for the second time in 2022. According to the latest reports, Polygon has surpassed BNB Chain in daily transactions every week.

The exchange has noted over 3 million transactions daily, and the primary reason behind this was Donald Trump’s NFT launch on Polygon. The sale gathered new users, with one of the NFTs selling for 22,000 dollars.

Nansen has also noted that more than 332,000 users recently minted NFTs on Polygon. The platform has also established partnerships with Reddit, Disney, Starbucks, Instagram, etc. Such collaborations have boosted the platform’s reach across different audiences.

Although Polygon has achieved this feat twice in 2022, BNB Chain has been racking such numbers for years. Thus, the road ahead will be even more cutthroat for Polygon.

Previously called MATIC, the Ethereum-based scaling solution has addressed prevalent issues like congestion and high gas fees associated with Ethereum. Projects like Curve and Aave has been generated via Polygon, making it an amazing Ethereum alternative.

The platform recently launched the Polygon SDK to assist framework developers. The SDK will be used to develop dApps on the Polygon network. Given the recent decisions taken by Polygon, the platform is expected to boost its performance in 2023.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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