Polygon Striving for Supremacy With Rapid Growth and Recent $450 Million Funding
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- Sequoia Capital led a $450 million investment round for Polygon.
- The number of Dapps on the network has risen from 3000 to 7000.
Polygon has been taking on some of the industry’s biggest names. Despite the supremacy of layer-1s, it has established its authority. The Polygon network has made significant progress on several fronts during the last several months.
It doesn’t matter whether one is looking at measures for acceptance, usefulness, advancements, community involvement, or even growth. The network just received $450 million in investment from Sequoia Capital, along with some other investors. Contrast this with larger layer-1 competitors that the protocol has devoured.
Sequoia Capital led a $450 million investment round for Polygon. Several additional businesses, including Softbank Vision Fund 2 and Galaxy Digital, contributed to the fundraising round.
Impressive Metrics Over Other Rivals
On the other hand, Polygon’s network metrics have challenged larger players in the industry. On a 30-day average, Polygon has approximately 360k daily active addresses. Avalanche has a total of 95k, whereas Solana has 219k. Compared to Polygons’ 3.3 million transactions every month, Avalanche’s daily average is 889k.
The overall number of Polygon users on OpenSea has crossed the one million mark. In addition, the network’s TVL has been increasing at a rapid rate every day. Earlier in the day, the network had witnessed a 24-fold increase in a single day, which stunned the community.
In only a few months, the number of Dapps on the network has risen from 3000 to 7000. The ZK-Rollups project, OpenSea milestone-setting users, and other elements will help Polygon’s rise to the top-10 league and a new all-time high shortly.
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