Pros:Polygon currently has two scaling solutions live today – 1) a PoS chain with lower security guarantees and 2) a Plasma bridge with higher security guarantees. Their Plasma solution can be considered a true “Layer 2”. Polygon now secures ~$3.5B in total value split across their PoS chain (~$3.1B) and Plasma (~$400M). Most of the growth has happened over the past month, driven by a high gas fee environment on Ethereum. Polygon’s EVM-compatible solutions have made it easy for existing dApps to migrate over while projects like Connext have helped facilitate cross-chain liquidity inflows. A robust ecosystem has quickly formed on Polygon, led by blue chips such as Aave, Sushi and Curve, to name a few. A strong business development team, a new $100m ecosystem fund and an active community are helping to further spur ecosystem growth and integrations. While estimates vary on throughput potential, Polygon’s PoS chain was able to reach 7,
Polygon: The Swiss Army Knife of Scaling Solutions?May 8, 2021 · 22 min read
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