Polygon Weekly Recap Week 46 (10/11 – 16/11)

By CoinWire

Nov 2022

This week welcome new partners and reached 190 million unique addresses. An amazing week!

KEY TAKEAWAYS

The Transition from Web2 to Web3 on Polygon
Nike Launches .Swoosh Web3 Platform on Polygon
Highlight Projects Invested by Polygon in October 2022
BLR Airport Launches Metaport on Polygon to showcase the T2 Terminal

ECOSYSTEM UPDATES

Hola readers! GBM’s Bid-to-Earn smart contracts, which let bidders make money even if they are outbid, are now optimized for Polygon, deltaDAO Taps Polygon Supernets to Establish a Decentralized Data Economy Ecosystem on Global Scale, and OnePlanet Introduces Launchpad for NFTs on Polygon.

Let’s dive in.

Polygon On-Chain Data Highlights

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Network Analysis

DeFi on Polygon was particularly impressive last week, with a majority of the big projects closing in the green. Top highlights (by users): Uniswap V3 (48.2k, +17%), Sushiswap (16.2k, +102%), Kyberswap (15.1k, 56%), and Hop Protocol (14.8k, +423%).
While weekly NFT active wallets (1 Mn+, +24%) and Mints (5.7 Mn, +62%) continued to grow for the second consecutive week, NFT transactions increased for the third consecutive week, reaching 179.5k (+40%).

dApps Spotlight

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NFT Highlights

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The Transition from Web2 to Web3 on Polygon

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What is Web3?

Web3 has become a catch-all term for the vision of a new, better internet. At its core, Web3 uses blockchains, crypto, and NFTs to give power back to the users in the form of ownership.

Web1 was read-only, Web2 is read-write, and Web3 will be read-write-own.

The global Web 3.0 market size is expected to reach USD 81.5 Billion in 2030, and register a revenue CAGR of 43.7% during the forecast period.

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More details: here

Nike Launches .Swoosh Web3 Platform on Polygon

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This is the first step of the journey, and we can’t wait to see how Nike engages its community through Web3 on Polygon.

The .Swoosh platform is billed as the epicenter for Nike’s digital efforts around Web3. It’s designed to spotlight the brand’s NFTs and virtual apparel initiatives, including future ways for customers to become co-creators and share in digital product royalties.

More details: here

Highlight Projects Invested by Polygon in October 2022

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We can see that Polygon is focused on investing in Music, Metaverse, Web3, DeFi and Developer Platform.

With the orientation to become the most suitable Blockchain to receive the migration from Web2 to Web3, Polygon is focused on building an infrastructure framework.

More details: here