{"id":255880,"date":"2022-09-07T08:00:40","date_gmt":"2022-09-07T02:30:40","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=255880"},"modified":"2022-09-07T11:00:56","modified_gmt":"2022-09-07T05:30:56","slug":"polygon-based-transactions-are-beginning-to-compete-ethereum","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/polygon-based-transactions-are-beginning-to-compete-ethereum\/","title":{"rendered":"How Polygon-based transactions are beginning to compete with Ethereum"},"content":{"rendered":"

Polygon [MATIC] maximalists have been having a good time after a range of new developments took place recently on the network. Crypto reporter Lark Davis confirmed<\/a> that MATIC surpassed two billion lifetime transactions.<\/p>\n

This is a major announcement for Polygon which has been one of the top-performing scaling solutions for Ethereum [ETH]. But that is not all as Polygon-based transactions are beginning to surpass Ethereum as well.<\/p>\n

\"\"<\/a>
Source: Polygon Daily\/ Twitter<\/figcaption><\/figure>\n

Since Polygon\u2019s inception, Ethereum has been able to complete over 1.5 billion transactions compared to Polygon\u2019s latest milestone.<\/p>\n

This gives Polygon an edge over Ethereum which is expected to increase its scalability after the Merge release.<\/p>\n

Nevertheless, Polygon\u2019s performance this quarter has surpassed Ethereum. The scaling solution managed twice as many average transactions as compared to Ethereum this quarter according to Polygon Daily<\/a>.<\/p>\n

\"\"<\/a>
Source: Polygonscan.com<\/figcaption><\/figure>\n

Furthermore, as per the Polygon news Twitter account, Polygon Daily, the network hit a new milestone<\/a> for Polygon-based NFTs. As per this tweet, NFTs sales volume reached a monthly all-time high on Polygon at $100 million in August.<\/p>\n

This is the first time Polygon has been able to breach the $50 million resistance since its previous best performance in February 2022. Recently, the largest NFT exchange, OpenSea, enabled<\/a> users to list and buy through native tokens on Polygon.<\/p>\n

\"\"<\/a>
Source: Polygon Daily<\/figcaption><\/figure>\n

What\u2019s new here?<\/h3>\n

That being said, Polygon added Senken to its ranks in an announcement<\/a> made on 5 September. Senken is an on-chain carbon credit marketplace that allows users to buy, trade, and retire tokenized carbon credits.<\/p>\n

These are generated by on-chain carbon infrastructure and services built on Polygon.<\/p>\n

\n

We are excited to announce that the @senken_io<\/a> on-chain carbon credit marketplace will be part of the ever-expanding @0xPolygon<\/a> ecosystem \ud83c\udf31 1\/7 pic.twitter.com\/TDqQhZuQBi<\/a><\/p>\n

— senken (@senken_io) September 5, 2022<\/a><\/p><\/blockquote>\n