Will Polygon Debunk Ethereum’s Undisputed Utilitarian Supremacy In Q1 Of 2022?
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Crypto merchants and hodlers are ecstatic in the midst of the holiday season. The coin market is now yielding appreciable numbers, whilst the digital assets have been registering greener gains. Meanwhile, utility chains have been tallying an overwhelming count of adoptions and initiatives, while setting trends on public platforms.
Polygon is never far from sight, as the protocol has been breaking numerous stereotypes in the industry. The primary one is the dominance of layer-1 chains in the business. In a plethora of buzz around the protocol, the major one comes from Polygon receiving exposure on the cover page of WIRED.
Will Polygon Be The New Ethereum Killer?
Polygon is now growing as a go-to alternative for the second-largest crypto Ethereum. The shortcomings of Ethereum’s network have been the unique selling point of Polygon. The protocol has been registering commendable metrics, which has been welcoming deep-pocketed investors, institutions, and adopters.
Polygon gets an imperative exposure, which could help an influx of traffic from the Middle East. As Polygon gets featured on WIRED’s Middle East edition. WIRED hosts readers and savvies from a wide discipline, as it covers updates from technology, science, culture, and more.
Polygon studios and Polygon in a collaborative effort with an Indian cinema 83, will be hosting NFTs on an NFT platform. More media industry’s venturing into NFTs could propel the industry. Polygon will be hosting an AMA session with Theta Nuts, a multi-chain structured product launched on Polygon. The session is scheduled for the 27th of December, at 10:30 pm SGT and 8:00 pm IST.
The gesture by the protocol would be beneficial in enticing more applications to be built on Polygon. OxProject, a decentralized exchange infrastructure for the internet, will support ERC-721 and ERC-1155 tokens landing on OxProject V4. The project aims to be the liquidity endpoint for DeFi in Polygon and other chains.
Collectively, Polygon has been trending on Twitter with over 126k tweets, while the TVL of Polygon stands around $26.35 M. This is in addition to other metrics, which are escalating at a phenomenal pace. Moreover, Polygon’s foray into Web 3.0 could possibly be a trump card in Polygon’s bullish run in 2022.
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