The Polygon team announced via Twitter on Monday that the total number of decentralized applications on its platform has now surpassed 53,000. This implies an 8x increase since the start of the year and an over 60% increase since June.
Monthly active dApps, a closer approximation of the number of live applications in the ecosystem, rose 29% since the end of last quarter to 17,800, Polygon added. The team added that the number of monthly active teams, the most direct measure of developer activity on the #Polygon PoS chain, rose 27% to about 13,700.
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. MATIC is up by 8% in the last 24 hours and is currently trading at $0.8665.