Polygon & The Future: Featuring Dogechain Project

The crypto and blockchain of today have attracted so many newbies to space. Developers’ engagement in the space is highly important because they build applications that deliver value to users, killer applications that attract customers and those customers bring more developers just because crypto is significantly open source.
When you look at the growth of developers in this emerging industry you will agree with me that this industry is the future of financial services.

Since the launch of Bitcoin in 2009, monthly active developers keeps rising. The first 7 years experienced 1,000 monthly active developers in code writing while in the last 7 years, crypto gained over 22,000 monthly active developers. Is this not interesting?

In the general crypto market, crypto has experienced a 70%+ decline in price action still, in considering the monthly activity of developers, there is about +5% growth year-over-year.

Developer Activity Determines The Future

Despite the 40.49% dominance of BTC in the crypto market as of today, the global cryptocurrency market cap of $1.18 Trillion is still at -33.85% compared to this time in 2022 but the good thing is there is +8% YoY growth in Full-Time developers as they contribute 76% of code commits.

Are we certain the future is bright?

With $1.18 Trillion market cap today, the crypto network value is back to January 2018 levels, but there is a plus to this happening, which developer’s active operation (increased by +297%).
Additionally, we now see many new emerging ecosystems with amazing solutions beyond Bitcoin and Ethereum that focus on accessibility, flexibility, scalability, and usability of users on their platforms.

Example: Polygon Network

Development activity on a blockchain is one indicator that a crypto project will experience a price increase.
Just a few days ago, $MATIC price spiked because of the announcement of the launch of zkEVM beta mainnet coming March 27th, 2023, how prepare you for this?

Alchemy listed about 504 Polygon Applications and Developer Tools, and now I see reasons while Dogecoin family is embracing this network for their solution.

Oh, you are not aware that Dogecoin is now linked with Polygon to usher in DeFi solutions to $DOGE token hodlers?

Let’s Talk About New Things Activated On Dogecoin

Oftentimes, $DOGE token hodlers can only do one thing with their token which is to use it as a payment currency, nothing more, nothing less, until some of the Dogecoin developers embraced the Polygon Edge framework to build a standalone blockchain, known as Dogechain. This is an EVM-compatible blockchain that aims to complement the original Dogecoin cryptocurrency. As a proof-of-stake blockchain, Dogechain seeks to bring scalability, security, robustness, and utility to Dogecoin.

The main vision of Dogechain is to harmonize with the original meme crypto ($DOGE) and enhance it with smart contract capability.

So, with Dogechain, building DeFi applications, Game, NFT project, DAO or any other crypto application become easy. Also, as an hodler of $DOGE, you can now use it as:

• Gas Fee
• Leverage on POS Staking
• Make NFTs
• Carry out cross-chain transactions
• Governance and Voting
• And many more…

All you need is to leverage on the Dogechain Network via your Metamask wallet and connect with Dogechain Dapps easily.
Remember you need the Dogechain Network.
Network Name: DogeChain
New RPC URL: https://rpc.dogechain.dog
Chain ID: 2000
Currency Symbol: wDOGE
Block Explorer URL: https://explorer.dogechain.dog/

Dive In: https://bridge.dogechain.dog/pos/locker

In conclusion, there are a lot of projects building on Polygon, and it’s certainly the future of this space is bright looking from the angle of development activities, you just need to watch out and position yourself correctly.
As for Dogechain, 94.0205% of veDC which is the official token for Dogechain is locked which shows the security of the network. You can take a moment to check through the official website and learn more about the project.

Disclaimer: I am not a financial advisor, i am only releasing an educational piece that will guide you in your investment selection, hence, DYOR.

For questions;
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Saved at 02:58