In this video, I’m going to discuss why Polygon (MATIC) is in my portfolio. Polygon is an Ethereum-based platform that aims to bring scalability to the Ethereum blockchain. It does this by using a Layer 2 solution that allows transactions to be processed off-chain and then settled on-chain. This enables users to enjoy the benefits of Ethereum without having to worry about high fees and slow transaction times.
The primary use case for Polygon is gaming applications, which are becoming increasingly popular on the Ethereum blockchain. Polygon is well-positioned to benefit from the surge in interest in decentralized gaming, as it provides a scalable solution that can handle the increasing number of transactions. As more people flock to decentralized gaming, Polygon could see an increase in demand for its services.
In addition to gaming applications, Polygon is also being used for DeFi applications. This is because Polygon’s Layer 2 solution allows developers to create DeFi products with low fees and fast transaction times. This makes it an attractive option for developers looking to build DeFi applications on the Ethereum blockchain.
Overall, Polygon provides a unique solution for scaling the Ethereum blockchain. As more developers flock to Ethereum, Polygon could become an essential tool for creating and running DeFi applications. With this in mind, it’s no surprise that Polygon is in my portfolio.
