This week is a significant one at Unmarshal. Our flagship product will be going live after months of development. It will initially be launched on the Polygon network, with support for other chains to be added eventually. Let us now briefly look at Polygon’s history & growth and why we chose to debut our auto-indexing solution on this network.
Charting Polygon’s Growth
The Polygon blockchain, founded in 2017, has seen substantial growth in the past year, and has emerged as the preferred solution for Ethereum scaling and infrastructure development. It solves the issue of high gas fees and slow speeds on Ethereum by intelligently diverting traffic and user transactions away from the leading network and onto side chains, freeing up computing power. The network is also highly scalable, and has the highest standards for security.
In early 2021, Polygon rebranded itself as a network that served as the interconnection and bridge between blockchains while leveraging Ethereum’s security. This played a key role in its growth and towards the end of 2021, there were 3000 dApps deployed on the blockchain.
This number grew six-fold by April 2022, with the network currently hosting 19,000 dApps on both main and testnets. What’s even more impressive is that 65% of these projects have chosen to build exclusively on Polygon, while only 35% are on Ethereum.
Unmarshal Flagship Product’s Closed Beta
Unmarshal conducted a closed Beta of its flagship product for some of its closest polygon-native partners. It has already helped DeFi protocols spanning categories such as Insurance, DEXs, Cross-chain Bridges, LP Staking platforms, and so on with their data analytics requirements.
We are now poised to extend support to the 1500+ applications on Polygon mainnet, including 600+ Defi applications, 266+ P2E gaming projects, and 136+ dApps.
Why Unmarshal is Launching the Product on Polygon
Wider Adoption
There are more than 19,000 dApps already hosted on the Polygon network. That’s a lot of data to work with, and Unmarshal’s Analytics Engine will play a key role in decoding and monitoring each one of their smart contracts.
Long-time Supporter and Investor
Polygon is one of the first chains indexed by Unmarshal, and since then we have worked very closely with them, providing data infrastructure support to over 100 dApps & developers building on the network.
Scalable & Reliable Layer 2 Solution
Polygon has long been a favourite scaling solution among developers. Building on Polygon means having access to a wide range of solutions, from the Polygon SDK, which provides a framework for developers to create Ethereum-compatible blockchain networks, to the Polygon Hermez, a decentralised Zero-Knowledge rollup.
About Unmarshal
Unmarshal is a Multi-chain Web 3.0 data network aiming to deliver granular, reliable & real-time data to dApps, DeFi protocols, NFTs, Metaverse and GameFi solutions. Unmarshal provides the easiest way to query Blockchain data from Ethereum, Polygon, BNB Chain, Avalanche, Fantom, Celo, Solana, and XDC Network. Unmarshal network consists of data indexers and transforming tools to power Web 3.0 applications on any chain while providing a latent view of transformed data.
