IT PARK
    Most Popular

    AI fraud is efficient and low cost, and the "three magic tricks" effectively prevent potential threats

    Jun 06, 2025

    What is big data? What can big data do?

    Jun 29, 2025

    Wireless charging principle

    Jul 04, 2025

    IT PARK IT PARK

    • Home
    • Encyclopedia

      Wireless charging principle

      Jul 04, 2025

      How to solve the problem of computer blue screen? What about the blue screen of the computer?

      Jul 03, 2025

      How often should the router be turned off?

      Jul 02, 2025

      What is a port?

      Jul 01, 2025

      What to do with a laptop blue screen

      Jun 30, 2025
    • AI

      Neural AI, the next frontier of artificial intelligence

      Jul 04, 2025

      AI reads brains and deciphers people's inner monologues! Will it read all my secrets?

      Jul 03, 2025

      When AI starts to have "subconsciousness"

      Jul 02, 2025

      Can AI Painting Replace Human Painters

      Jul 01, 2025

      Who owns the copyright of the paintings created by AI for you?

      Jun 30, 2025
    • Big Data

      What is streaming data?

      Jul 04, 2025

      Production control equipment maps, multi-source data analysis issues in-depth mining

      Jul 03, 2025

      What is the maximum value of big data

      Jul 02, 2025

      Transforming the construction industry through digital twin modeling

      Jul 01, 2025

      How does big data start? From small data to big data

      Jun 30, 2025
    • CLO

      Cloud computing kicks off sports revolution, market could reach $5.2 billion

      Jul 04, 2025

      Serverless: Uncovering the benefits of the emerging cloud computing model

      Jul 03, 2025

      What does cloud platform mean?

      Jul 02, 2025

      Essential factors to consider for a successful cloud transformation journey

      Jul 01, 2025

      Building a Smart City: The Importance of Cloud Storage

      Jun 30, 2025
    • IoT

      The Future of the Internet of Things and Self-Storage

      Jul 04, 2025

      Skills shortage remains the biggest barrier to IoT adoption in the oil and gas industry

      Jul 03, 2025

      Why the Metaverse Matters for the Future of Manufacturing

      Jul 02, 2025

      6 Ways the Internet of Things is Transforming Agriculture

      Jul 01, 2025

      4 Big Challenges for IoT Data Collection and Management

      Jun 30, 2025
    • Blockchain

      What is blockchain? Simply understand blockchain

      Jul 04, 2025

      How does the Internet of Things affect the working world?

      Jul 03, 2025

      What is Bitcoin?

      Jul 02, 2025

      Blockchain Common Consensus Mechanisms

      Jul 01, 2025

      How energy company Powerledger (POWR) is using blockchain to improve the world

      Jun 30, 2025
    IT PARK
    Home » Blockchain » How Polygon is outperforming Ether for three big reasons
    Blockchain

    How Polygon is outperforming Ether for three big reasons

    The public chain Polygon has more daily active users than Ether, and its overall market capitalization has exceeded the $10 billion mark, and there are three main reasons behind its current success.
    Updated: Jun 20, 2025
    How Polygon is outperforming Ether for three big reasons

    The public chain Polygon, with its daily active users exceeding the number of Ether and its overall market capitalization exceeding the $10 billion mark, has three major reasons behind its current success.

    Reason #1:

    Exchange FTX Collapsed and Users' Demand for Transferring Funds Soared

    The story begins with the collapse of exchange FTX in early November 2022, when users rushed to transfer funds stored in FTX. Too many transaction requests were waiting to be processed, causing the Gas fee on the Ether blockchain to skyrocket, and Polygon, with its low fees, became a popular alternative channel for users.

    Gas fee on the blockchain is determined by supply and demand, and it rises when there is too much demand. However, even though the volume of transactions processed is twice that of Ether over the same period, Polygon's total daily fees are still far less than 40 to 100 times that of Ether over the same period. the exodus of users from FTX brought the first wave of growth in the number of daily active users for Polygon.

    Reason #2:

    Users Distrust Public Chain Solana

    Solana, another famous public chain, received a lot of investment from FTX and Alameda in the early stage of its growth, and SBF, the founder of FTX, often promoted Solana on various occasions.

    After the collapse of FTX, the market distrusted Solana's team, which had been close to SBF, and sold off its native token SOL in droves, while a large number of Defi, Gamefi, and NFT projectors on Solana's chain also left with the ecosystem's plunge.

    Projectors looked for alternatives with the same fast processing speed and low fees as Solana, at which point Polygon became the first choice of projectors. In November 2022, NFT blue chip (meaning high and stable price) projects including y00ts were relocated to the Polygon chain, and these blue chip projects also brought new users to the Polygon chain.

    Reason #3:

    Zero Knowledge Ether VM Goes Live

    On a product level, Polygon went live with a public test network for zkEVM, zero-knowledge Ethereum Virtual Machine in late 2022 and expects to go live to the main EtherNet in 2023.

    Polygon claims that it will be the first zero-knowledge Layer 2 service on the market that is compatible with the Ethereum Virtual Machine, enabling seamless data connectivity between the Ethereum and Polygon chains, including smart contracts and wallets, and the ability for developer tools to collaborate seamlessly between the two chains. This product launch has also boosted investor confidence in Polygon, and the native token MATIC has risen.

    Layer 2 Little Thesaurus: also known as off-chain expansion, the main function is to improve the scalability of the blockchain, the number of transactions per second, to solve the problem of Layer 1 expansion, the writing of smart contracts is also considered to be in the scope of Layer 2, the representative case is the blockchain platform Polygon.

         What is the public chain Polygon?

    Polygon, formerly known as Matic Network, offers several Ether scaling solutions designed to solve the congestion-generating problems of slow transaction processing, high fees, etc. that Ether is currently experiencing. The team changed its name to Polygon in 2021 with the expectation that the team would expand its services to help solve the current blockchain challenges.

    Polygon started out as a sidechain, and as it expanded its services, it moved towards Layer 2. Developers using Polygon can rollup the data of existing Ether nodes and transfer it to Polygon before adding new features.

    This method of transferring data out of the main chain (Layer 1) and reducing the amount of information that the main chain needs to process can effectively reduce the burden on the Ethernet main chain, while maintaining the security guaranteed by Ethernet; in addition, its fast transaction speed and low fees have attracted a lot of projects to enter the market.

    Layer 1: It is also known as on-chain capacity expansion, capacity expansion program, which can process and complete transactions. Currently, most public chains, such as bitcoin and ethereum, belong to the category of Layer 1, which is comparable to smart phones, such as ios and Android systems.

    More Public Chain Ether
    Previous Article What is the difference between cloud computing and virtualization?
    Next Article Blockchain Common Consensus Mechanisms

    Related Articles

    Big Data

    Types of Big Data Analytics Data

    Jun 22, 2025
    Blockchain

    Why is Ether expanding? What is Layer 2?

    Jun 21, 2025
    Blockchain

    Canon Launches Ethernet Photo NFT Marketplace Cadabra

    May 31, 2025
    Most Popular

    AI fraud is efficient and low cost, and the "three magic tricks" effectively prevent potential threats

    Jun 06, 2025

    What is big data? What can big data do?

    Jun 29, 2025

    Wireless charging principle

    Jul 04, 2025
    Copyright © 2025 itheroe.com. All rights reserved. User Agreement | Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.