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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.
This news was brought to you by ANKR, our preferred DeFi Partner.
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