layer 2 scaling platform polygon Now supports AppCoin, making it available for over 19,000 decentralized applications (DApps) and games across the board.
GM @apecoinI#appcoin Now available for 19,000+ dApps and games #polygon Ecosystem!🔥 pic.twitter.com/OJfKGuoOvT
– Polygon – MATIC (@0xPolygon) 2 May 2022
Following the historic NFT sale of Yuga Labs, the company behind the “Bore Ape” series of NFTs and Apcoin said in a follow-up action twitter update: “This has been the largest NFT mint in history by many multiples, and yet the gas used during the mint shows that demand is much higher than anyone expected. The scale of this mint was so large that Etherscan Crashed. We’re sorry to turn off the ethereum lights for a while.”
It added that Apcoin may need to migrate to its chain in order to scale properly, as Ethereum was unable to handle the huge buying volume.
As previously reported by U.Today, the sale of “Otherdeeds” NFTs raised approximately $285 million worth of cryptocurrency in an online sale on April 30. Only ApeCoin can be used to obtain “Otherdeeds”, which can be exchanged for plots of virtual land in the future bored ape-themed Metaverse called “Otherside”.
As the company explained in a tweet, other deeds were available for 305 Apcoins each and sold out accordingly. Within 24 hours of the historic NFT mint, Apcoin, the DAO’s underlying token, inspired by the bored Ape Yacht Club, fell.
After sliding to a low of $14.21 on May 2, APE is now trading at $15.39 on CoinMarketCap. APE is now the 30th most valuable asset by market capitalization, reaching $40 on March 17th.
Polygon recently announced that it has hit a new adoption milestone with more than 19,000 decentralized applications (DApps) running on its network, a 500% increase in data per Alchemy from 3,000 DApps in October .
According to the Layer 2 scaling platform, it now has over 8,000 monthly active teams in its PoS, up from over 6,000 in January and just over a few thousand in October. Polygon also claims that its PoS has completed a total of over 3.4 billion transactions, with over 135 million unique user addresses and over $5 billion in assets secured.