Why We Are Building Puffy Finance On The Polygon Network. Shocking Facts & Revelations No-one is Telling You Yet!
Often times when people hear about Puffy Finance, the most frequent question that people ask in most cases is — Why Building On Polygon?
…. This exactly is what we want to share and discuss in details with everyone.
One shocking fact that I always like people to remember is that about several years ago, there was Ethereum, infact lets take it back to more recent years, 3-years ago, there was no Binance Smart Chain! But when you look at the charts of this project, one cannot help but be marvelled at the tremendous growth of these amazing ecosystems. The good news here is not only the fact that these platforms grew & kept on rising, but most importantly the fact that projects built on them also thrived! Now lets look at Polygon Network today:
Facts & Statistics About Polygon Network:
First let me explain briefly how Polygon works, the problem they are solving and then share some explosive statistics and facts with you — Definately from an angle you have never seen before because I believe that together we can be able to have a full overview of lucky we are to be getting on Polygon Network this early. Now lets have a quick overview, a quick walk through together and also get to have anm insight on the uniqueness of the Polygon Network and how it differs from blockchain interoperability projects like Polkadot.
If you don’t already know by now, one of the key things it is important that you know first of all is that Polygon Network uses its own blockchain Proof-of-Stake (PoS) blockchain and Commit Chain connectivity to help scale the Ethereum network — Because it is compatible with Ethereum Virtual Machines (EVM) it also means that applications and solutions that are compatible with Ethereum can also work on Polygon Network e.g Metamask et.c.
It caters to the diverse needs of developers by providing tools to create scalable decentralized applications (dApps) that prioritize performance, user experience (UX), and security. Polygon achieves this in large part due to the underlying technical architecture of its Proof-of-Stake (PoS) Commit Chain and its More Viable Plasma (MoreVP) L2 scaling solution.
Polygon’s PoS blockchain serves as a Commit Chain to the Ethereum mainchain, attracting over 80 Ethereum dApps to its platform that transact without instances of the network congestion common to Ethereum and other Proof-of-Work (PoW) blockchains.
Lets look at some statistics and the performance of the network:
Incase you might have also noticed that recently many projects previously launched on Ethereum are migrated to Polygon Network. Also you will notice that some projects migrated to Binance Smart Chain too and while some projects eventually moved from Binance Smart Chain to Polygon, some are completely multi-chain compatible. Do you see a pattern in the adoption cycle yet? Some top solutions have also Deployed on Polygon Network for example, AAVE, 1Inch, Curve, Sushi amongst several others. As at the time of writing this article, the Marketcap for AAVE was around $4,645,832,003, while the marketcap for 1Inch, Curve and Sushi was around $4,381,575,246, $9,449,307,751 and $2,552,438,177 with over $23,000,000 daily volume on Curve x Polygon alone — You can see that here.
So far, Polygon has also seen astronomical growth from just over $151,000 at the beginning of the year to over $6.31 billion today, an increase of no less than 4,178,708%.
Further confirming its growth is Polygon’s number of active addresses shown by Glassnode charts, up from just 489 at the beginning of 2021 to 4,509 earlier this week. Also, the number of Polygon unique addresses quadrupled in June alone. Below are some charts & statistics you might want to see:
More & More Statistics Show That…
There is every reason for smart developers to launch their project on Polygon network. It is no doubt positioning itself for the future. As at the time of publishing this article, according to Yahoo Finance article here, conducting an operation on Polygon is hundreds of times cheaper than on its bigger brother Ethereum and is near-instantaneous instead of often taking longer.
How This Affects The Puffy Finance Ecosystem & What To Expect From The Future of Puffy x Polygon Network.
Crypto is no doubt a world where anything is possible and one beautiful thing in crypto is being a part of growth and watching projects move from $0.001 price range to as astromical as $500 and above range. Crypto is no doubt one of the greatest financial tools and inventions of the past few decades. Puffy Finance will be bringing in the next generation of DeFi ecosystems and the choice to build on Polygon network is both quite strategic and along side really smart! Besides the intuitive user interface and experience, Polygon Network also has a growing set of modules for developing custom networks hence opening it up to endless possibilities.
Also note that Polygon combines the best of Ethereum and sovereign blockchains into an attractive set of features helping it to establish industry dominance, standards and adoption for enterprise use. So besides the low gas fees, ease of transaction and speed, Puffy Finance will strategically be positioned for exponential growth with the possibilities to not on ly be extremely flexible and compatible with various ecosystems but also the ability to leverage on and to benefit from future evolution thereby opening up users of Puffy Finance ecosystem to endless possibilities.
In the future, Puffy Finance will also be leveraging on the Polygon NFT features to launch and roll out rare and valuable digital assets to the market. In a seperate article, I shall be publishing in details some of the features and vision of Puffy Finance. So make sure to stick around.
The Rest of The Story…
One of the smartest moves in investment, is getting in early! Its like buying, Ethereum when the price was about $100 or buying BNB when the price was about $20, or even buying Polygon $MATIC when the price was about $0.01 — These would have been no doubt one of the greatest decisions any investor or crypto enthusiast would have made. But just incase you had missed out on all these opportunities and evolutionary projects, you have a chance with Puffy Finance today! In the next article we shall be sharing more details about the project, timelines, roadmaps, what to expect, tokenomics and so much more. In the mean time, make sure to be a part of the Telegram community and register to get whitelisted. Don’t miss out on this next wave!
Thank you and look forward to having you around.
