Polygon PoS is an Ethereum Layer 2 scalability solution that executes more transactions at faster speeds and lower gas fees than the Ethereum mainnet.

Polygon also has an SDK that enables developers to create their own interoperable Ethereum-compatible sidechains or Layer 2 chains. Polygon’s goal is to be an “Internet of Blockchains” for Ethereum, in competition with products such as Polkadot, Cosmos, and Avalanche.

This article talks about Polygon and throws light on some of the most popular dApps in its ecosystem.

Let’s dive in!

Exploring The Polygon Ecosystem

Matic Network originally launched as an Ethereum sidechain in October 2017, but rebranded to Polygon in February 2021. Since then, Polygon’s TVL has exploded to $4.34 billion, driven by DeFi, Gaming, and NFT dApps.

Decentralized Exchanges (DEXs)

Polygon hosts some of the most popular DEXs in the crypto space, including Uniswap, Sushiswap, and 1inch. DEXs allow users to swap tokens without giving up control of their assets to a centralized intermediary, and often use complex algorithms to optimize for gas fees and exchange rates. Polygon’s PoS chain and SDK are appealing to major exchanges because they facilitate faster transactions at lower gas rates.

Lending Platforms

Polygon’s popularity has also led to some of the biggest crypto lending platforms being built on its network, such as AAVE, which boasts a TVL of over $11 billion. DeFi lending platforms allow users to provide liquidity for borrowers without centralized intermediaries ever taking ownership of their assets. Because smart contracts govern decentralized liquidity protocols, network speeds are paramount, and Polygon is beloved by protocols like EasyFi and CREAM for its high transaction speeds.

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https://blog.li.finance/explore-polygon-by-swapping-with-li-finance-5a7f9e65d7d7