Decentralized apps on Polygon hit 37,000, exploding 400% this year

This comes as the number of monthly active blockchain teams hit 11,800 in July, up from 8,000 in March. New

The number of decentralized applications (DApps) on Ethereum scaling platform Polygon has surpassed 37,000, marking a 400% increase since the start of 2022.

The Polygon team shared the numbers via an August 10 blog post, sourced from partner Web3 development platform Alchemy, noting that the number represents the cumulative number of applications ever launched on the testnet and the main network.

He also noted that the number of monthly active teams - a measure of developer activity on a blockchain - reached 11,800 at the end of July, up 47.5% from March.

The project team also highlighted a breakdown of dApp projects which notably showed that "74% of teams integrate exclusively on Polygon, while 26% deploy on both Polygon and Ethereum."

Polygon's EVM-enabled Proof-of-stake (PoS) blockchain hosts dApps from a long list of leading projects and brands in the crypto space, such as NFT marketplace OpenSea, Metaverse platforms Decentraland and The Sandbox, decentralized finance (DeFi) lending platform Aave and venture capital/gaming fund company NFT Animoca Brands.

The blog post states that dApp usage on Polygon saw over “142 million unique user addresses and $5 billion in assets secured” with approximately 1.6 billion transactions processed on the network to date.

Polygon CEO Ryan Wyatt was clearly pleased with the growth, as he took to Twitter to note that "we're having a whole year at Polygon."

We're spending a whole year at @0xPolygon

~500 dApps in November, now over 37,000 with 11,800 active teams.

"Many projects are increasingly choosing to rely solely on Polygon. Alchemy data shows that 74% of teams have integrated exclusively on Polygon"