Share this article
Blockchain developer platform Alchemy has launched integration for the popular Ethereum scaling solution Polygon.
Alchemy Now Supports Polygon Integration
Building on Polygon just became a lot easier.
The popular blockchain developer platform Alchemy has added support for the fast-growing scaling solution.
By providing the same high-speed, secure infrastructure as developing on Ethereum, Alchemy’s new integration will help developers launch their existing Ethereum applications on Polygon.
Alchemy currently powers 70% of all Ethereum applications, including the likes of OpenSea, Aave, and Yearn.Finance. However, due to the expense of using Ethereum, many applications launch on Polygon and Layer 2 solutions like Optimism and Arbitrum.
Smart contract transactions on Polygon cost fractions of a penny, whereas Ethereum gas fees can reach hundreds of dollars during peak network congestion. The cheap transaction fees have helped Polygon gain popularity with smaller-scale investors interacting with DeFi applications.
Polygon has already seen widespread adoption. So far, the network has supported over 380 million transactions from 1.7 million unique wallets. It’s also attracted a host of leading Ethereum projects in recent months, including Aave, SushiSwap, Balancer, and Curve Finance.
Alchemy’s new integration will undoubtedly make it easier to develop on Polygon and should increase access to DeFi applications on the network.
Disclosure: At the time of writing, the author of this feature owned BTC and ETH.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
MetaMask Is Working to Solve Ethereum Transaction Fees
MetaMask is trying to find a solution to Ethereum transaction fees, looking for ways to allow DApps to cover fees on behalf of users, improving the user experience. MetaMask, the…
Efficient Market Hypothesis: Does Crypto Follow?
The Efficient Market Hypothesis (EMH) is a concept in financial economics which states that security prices reflect all the available information about a financial instrument. EMH is one of the…
DeFi Project Spotlight: yEarn.Finance, the Ultimate Yield Farming Mach…
yEarn Finance has quickly become one of the most popular DeFi protocols in 2020. It brings together many of the disparate tools, platforms, strategies, and tokens from throughout the ecosystem….
Crypto.com Partners With Alchemy for Upcoming Mainnet
Crypto.com today announced a new partnership with Alchemy to help build developer tools and APIs for the soon-to-launch mainnet event. Developer Push Before Mainnet Launch The two companies will work…
Be the first to comment