2024 Was Web3's Big Breakout Year, Led by Projects on Polygon PoS

Article Title 2024 Was Web3's Big Breakout Year, Led by Projects on Polygon PoS Article URL 2024 Was Web3's Big Breakout Year, Led by Projects on Polygon PoS Summary of the Article Context and Setup The year 2024 marked a significant breakthrough for Web3 technologies, with Polygon Proof-of-Stake (PoS) playing a pivotal role in this transformation. Polygon PoS provided a robust platform for various decentralized applications (dApps), fostering innovation and mainstream adoption across multiple sectors, including prediction markets, stablecoins, DeFi, NFTs, and gaming. The network's ability to offer high-quality user experiences, low fees, and fast finality has been instrumental in its success.

Key Points

Major Breakout Moments: Polygon PoS nurtured several major breakout moments in 2024. Polymarket, a prediction market platform, accurately called the US presidential election and saw significant user engagement. MATR1X FIRE, a play-and-earn mobile shooting game, gained popularity with millions of downloads and transactions. Courtyard.io digitized physical collectibles, putting them onchain and securing them in Brinks vaults. Assetera's MiFID-compliant platform collaborated with Backed Finance to enable blockchain-based trading of traditional securities.
Network Upgrades and Future Trajectory: The year 2024 saw major upgrades to the Polygon PoS network, such as the Napoli and Ahmedabad hardforks, which improved user experience and stabilized the network. These upgrades, combined with the network's ability to aggregate liquidity and user bases through the AggLayer, position Polygon PoS for continued growth and success in 2025.